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Category: Asia

  • MIL-OSI Global: Canada and churches have moral obligations for the reparations of missing and disappeared Indigenous children: Final Report

    Source: The Conversation – Canada – By Frank Deer, Professor, Faculty of Education, University of Manitoba

    Independent Special Interlocutor Kimberly Murray has released her final report after two years of examining the issue of missing and disappeared Indigenous children and unmarked burials sites at residential schools in Canada.

    During the ceremony last week in Gatineau, Que., Murray said governments do not often implement recommendations given on such reports. So she opted to identify 42 “legal, moral and ethical obligations” for governments, churches and other institutions. These are proposals on how to make holistic reparations to Indigenous Peoples.

    Murray emphasized that the children were “victims of enforced disappearance.”

    Since the 1870s and continuing for more than 150 years, over 150,000 First Nations, Métis and Inuit children were taken from their families and forced to attend church-run, government-funded residential schools. The National Centre for Truth and Reconciliation has documented more than 4,100 deaths of children at the schools.

    After potential unmarked graves were identified at former residential school sites, the Canadian government appointed Murray to make recommendations on unmarked graves and burial sites.

    The report, “Sites of Truth, Sites of Conscience” focuses on aspects of the Indian Residential School experience: unaccounted missing children, unmarked grave sites, the roles of government and churches in the Indian Residential School genocide and failure to maintain records of the deaths and burials of deceased children.

    The report centres Indigenous strategies for research and advances a framework of reparations to “support the search for and recovery of the missing and disappeared children and unmarked burials.” It is an extension of the work of the Truth and Reconciliation Commission of Canada (TRC) whose final report devoted an entire volume toward missing children and unmarked burials. The newest report is even more bold than the Final Report of the Truth and Reconciliation Commission of Canada.

    The TRC report observed that “the most basic of questions about missing children — Who died? Why did they die? Where are they buried? — have never been addressed or comprehensively documented by the Canadian Government.”

    Since the TRC report was released in 2015, efforts to investigate this issue of missing children and unmarked graves has increased significantly.

    CBC News report: Special interlocutor on Unmarked Graves and Burial Sites issues final report.

    Reconciliation and reparations

    Murray explores the issue of genocide in the Indian Residential School system in ways that indict the Canadian government and other institutions of crimes.

    The report says Canada must refer to “the enforced disappearance of children,” as a “crime against humanity” and the issue needs to be taken to the International Criminal Court. It further states that the “federal government and other institutions have worked harder to protect perpetrators than they ever did to protect Indigenous children, families, and communities,” and that Canada has embraced a culture of “settler amnesia and willful forgetting.”

    In support of this indictment, Murray shows how the government and church were not only responsible for acts of omission in that somehow failed to protect Indigenous children in their care. Instead, they were acts of commission: deliberately created situations in which Indigenous children in their care were severely harmed.

    Murray refers to this as forced disappearances — when the liberty of Indigenous children is taken away and their fate was concealed.

    In addition, the Independent Special Interlocutor also focuses on, among other things, our moral and ethical obligations as foundational frames for reparations.

    A moral framework

    Murray put forth 42 obligations that reflect the morally and ethically centred responsibilities of governments, churches and other institutions.

    These moral and ethical responsibilities inform the reparations that Murray articulates in her report.

    These responsibilities and obligations include:

    • Calls for long-term financial support of investigations into missing and disappeared Indigenous children and Indian Residential School burial sites

    • Support for survivors

    • The recording of their stories

    Core values

    Underlining the report is a moral principal that efforts to find missing children and unmarked graves must be Indigenous-led.

    These moral principles, this foundation for action, articulated by Murray, can provide a compelling rationale that may help change attitudes and action.

    The recent report puts forth several moral and ethical principles which we need to consider.

    One of the report’s powerful statements is:

    “Children must be cared for in life and after death.”

    This might seem to some a simple point that is obvious and even unnecessary. However, the distance between such important declarations and the policies of Canadian governments and institutions has been vast.

    That this particular principle refers to the importance of care “after death” ought to be familiar to any of us who’ve lost loved ones. However, stating it clearly here strengthens the point that government and other institutions have obligations to children who died in their care.

    Another important principle from the report is that “search and recovery work is sacred.”

    The need to discover who died, the reasons why they died, and the location of their remains is one so connected to the emotional well-being of living descendants and fellow community members that it is a spiritual journey.

    This is why the search and recovery processes must be Indigenous-led.

    This report, like the TRC’s and the final report of the National Inquiry into Missing and Murdered Indigenous Women and Girls, contains demands for action that should be accepted and acted upon by governments and institutions.

    The moral and ethical principles that inform those demands can be as important for informing change. It is in these principles that we may find moral guidance and direction toward righteousness.

    We may also find, if we’re paying attention, our humanity.

    Frank Deer receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Canada and churches have moral obligations for the reparations of missing and disappeared Indigenous children: Final Report – https://theconversation.com/canada-and-churches-have-moral-obligations-for-the-reparations-of-missing-and-disappeared-indigenous-children-final-report-242560

    MIL OSI – Global Reports –

  • MIL-OSI Security: Keen Sword 25: Supporting the Joint-Bilateral Air Defense Kill Chain Across Japan

    Source: United States INDO PACIFIC COMMAND

    MISAWA AIR BASE, Japan  –  

    38th Air Defense Artillery (ADA) Brigade deployed several units to strategic air defense positions across Honshu, Japan in support of Keen Sword 25 (KS25), demonstrating the capability to help create and support a joint and bilateral Air Defense network between U.S. joint forces and allies.

    KS25 was a joint-bilateral field training exercise held Oct. 23-Nov. 1 at multiple bases across Japan, demonstrating and strengthening the U.S.-Japan alliance during the largest iteration of the exercise since its inception in 1986; it included participants from the Japan Self-Defense Force (JSDF), Australian Defence Force (ADF), Canadian Armed Forces (CAF) and U.S. service members from each of the joint services.

    To support KS25, Delta Battery, 1st Battalion, 1st ADA Regiment (1-1 ADA) 38th ADA Brigade deployed to Misawa Air Base, equipped with a Patriot Minimum Engagement Package (MEP) – everything needed for a MIM-104 Patriot air defense system to successfully engage an air defense threat.

    “The expeditionary deployment of a Patriot MEP to Misawa Air Base, and the validation of our ability to integrate into the joint kill chain for air defense,” said Maj. Robert Knaibel, the 1-1 ADA Battalion Operations Officer, “is a key part of (1-1 ADA’s)  mission – even if that mission takes us all the way across Japan, we’re still able to support rapid deployment and emplacement through our batteries… Testing those capabilities regularly, in real conditions, is key.”

    While Delta Battery was emplacing their Patriot MEP at Misawa Air Base for the start of KS25 on Oct. 23, senior Air Defense Artillery Fire Control Officer (ADAFCO) teams had already integrated at key Air Defense Commands, including Yokota and Misawa Air Bases. There, the ADAFCO teams use their knowledge of tactics procedures to integrate Army Air Defense assets in joint and bilateral Air and Missile Defense engagement operations.

    “The great thing with these exercises is training with both a joint and combined force,” said Capt. Frederick Breslow, who was serving in the exercise as the U.S. Army’s Regional Air Defense Commander (RADC) on Yokota Air Base. “Coordinating with our allies, despite the challenges… that’s where we learn the most in these exercises.” Breslow added that, thanks to lessons learned during KS25, the RADC are already working to improve their procedures in preparation for future exercises.

    Another team of ADAFCO Soldiers worked on-location with the Japan Air Self-Defense Force. “On Misawa Air Base, we coordinated with the Misawa Direction Center to plan and carry out joint and bilateral air defense engagements,” said Staff Sgt. Thomas Zmyewski, an ADA Fire Control Assistant (FCA) with 38th ADA Brigade. “That’s when we bring each force’s tactics, techniques, procedures and capabilities to maximize their effectiveness – for example, which force has the best engagement odds for an incoming air threat.”

    Zmyewski believes testing this team-based planning and communication is the best way to strengthen partnerships and prepare for real-world application. “Our ADA FCAs always benefit from these exercises, because we learn how to work with our partners under those realistic conditions, learn from each other’s strengths,” Zmyewski stated.

    While deployed to Misawa Air Base, the Soldiers of Delta Battery conducted validation training and Table VIII Gunnery evaluations, improving their proficiency with their systems, including rapid Patriot emplacement, rapid reloading of interceptors, operation of missile-defense radar systems and other core competencies; each crew’s proficiency in these tasks are tested during annual Table VIII gunnery certifications. These evaluations proved both the battery’s equipment and crews could operate effectively under field conditions immediately following a rapid deployment, while simultaneously integrating with ongoing joint and bilateral operations between all U.S. services and our allies.

    “Delta Battery – in Okinawa – is my first duty station, and this is my third exercise,” said Spc. Alexander Noel, a Patriot Launching Station Enhanced Operator/Maintainer with Delta Battery, “and so far it’s been the best – we’ve gotten so much accomplished, a lot of good hands-on training; it’s been a really good experience.”

    “Everything is muscle memory,” explained Spc. Malek James, a Patriot Launching Station Enhanced Operator/Maintainer with Delta Battery. “This is my first exercise, with my first unit, and it started stressful, having to certify on every single task at once, but… that’s what’s good about doing (these tasks) in the field – you build that muscle memory, you don’t have to think about what to do next, you just do it. Then it’s all just muscle memory.”

    Keen Sword 25 is a significant initiative that helps build warfighting readiness, enhances tactics, techniques, and procedures across a wide range of military operations, and strengthens national sovereignty and a free and open Indo-Pacific.

    (U.S. Army story by Sgt. Connor Davis)

    MIL Security OSI –

  • MIL-OSI Security: Pacific Marines Meet with Singapore Army Staff

    Source: United States INDO PACIFIC COMMAND

    SINGAPORE  –  

    The Singapore Army, led by Brig. Gen. Tan Cheng Kwee, Chief of Staff – General Staff of the Singapore Armed Forces, hosted a delegation from Pacific Marines, led by Maj. Gen. Daniel L. Shipley, deputy commander of U.S. Marine Corps Forces, Pacific (MARFORPAC), for the 2024 iteration of the MARFORPAC – Singapore Army Staff Talks on October 7-10, 2024.

    The Staff Talks provided a vital forum for MARFORPAC and the Singapore Army to strengthen coordination on bilateral exercises, operational strategies, and professional exchanges. A significant highlight of this year’s discussions was the visit to the Multi-Mission Range Complex, where both delegations engaged in collaborative assessments of training environments and capabilities.

    The agenda included in-depth discussions on mutual capabilities development, reflecting both forces’ modernization efforts. Delegates reviewed the five-year plan for the Valiant Mark Exercise series, identifying key areas for enhanced interoperability and planning future joint training exercises that align with evolving operational demands.

    During the talks, members of both militaries shared insights into their respective modernization initiatives and operational capabilities. Participants broke into smaller working groups to explore innovative approaches to capability development, focusing on ways to integrate advanced technologies and training methodologies into their respective forces.

    “The United States and Singapore share a commitment to upholding the principles of good governance, transparency, and the rule of law,” Maj. Gen. Shipley noted. “These shared values have fostered a deep and enduring partnership, allowing us to address complex security challenges and enhance our collective readiness.”

    Both the U.S. Marine Corps and the Singapore Armed Forces are dedicating significant resources to advancing key focus areas, including developing innovative and adaptive processes, integrating advanced technology across all operations, and enhancing strategic decision-making within a dynamic, all-domain operational environment.

    U.S. Marine Corps Forces, Pacific, stands as the largest operational command within the Marine Corps and acts as the Nation’s expeditionary force-in-readiness in the Indo-Pacific region. Pacific Marines are committed to working alongside the joint force and like-minded allies to uphold a free and open Indo-Pacific.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Marines, Sailors conclude MRF-D 24.3 rotation, strengthening regional partnerships

    Source: United States INDO PACIFIC COMMAND

    DARWIN, Northern Territory, Australia  –  

    U.S. Marines and Sailors with Marine Rotational Force – Darwin 24.3 completed a six-month rotation to Darwin, Northern Territory, Australia, closing a deployment marked by a series of multinational exercises and partnership engagements across the Indo-Pacific region from April to October.

    The rotational deployment is part of a 25-year agreement established in 2011 between the United States and Australia to strengthen shared security goals under the Australian-U.S. Force Posture Initiatives. This year marks the third consecutive year the rotation was led by a California-based Marine infantry regiment, bringing approximately 2,000 U.S. Marines and Sailors to Australia’s Northern Territory for exercises and training events alongside the Australian Defence Force.

    During the rotation, U.S. Marines and Sailors with MRF-D 24.3 supported I Marine Expeditionary Force and U.S. Indo-Pacific Command’s operations, activities, and investments, enhancing the U.S-Australia alliance. As a forward-postured, scalable force capable of responding to crises and contingencies, MRF-D 24.3 participated in 16 large-scale exercises and operations across multiple countries, including but not limited to Indonesia, Papua New Guinea and Solomon Islands.

    “The time the Marines and Sailors have spent in Darwin has been incredibly rewarding, both professionally and personally,” said U.S. Marine Corps Col. Brian T. Mulvihill, the commanding officer of the MRF-D 24.3 Marine Air-Ground Task Force. “The Australian people have welcomed us like family, and our training with the Australian Defence Force has been tough and realistic and has enhanced our unit readiness.”

    MRF-D 24.3 deployed as a MAGTF comprised of four elements: 5th Marine Regiment served as the command element; 2nd Battalion, 5th Marine Regiment (Reinforced) served as the ground combat element; Combat Logistics Battalion 5 (Reinforced) served as the logistics combat element; and Marine Medium Tiltrotor Squadron 268 (Reinforced) served as the aviation combat element.

    MAGTF elements rehearsed humanitarian assistance and disaster relief operations, amphibious integration, and participated in multinational combined-arms training, becoming better prepared to respond to crisis or contingencies alongside our Allies and partners. Advancements in joint logistics allowed MRF-D to expand distribution networks and improve contracted support for faster transport of repair supplies. U.S. Navy medical personnel made notable contributions to health initiatives during the deployment, through leading fresh whole-blood transfusion training, supporting mental health programs with the ADF, and earning certifications to work alongside Australian healthcare professionals in the Royal Darwin Hospital. MRF-D 24.3 highlighted the strong Australian-U.S. Alliance and advanced partnerships in the Indo-Pacific region through a series of combined training events, collaboration and shared commemoration.

    “The bond with our Australian Defence Force brothers and sisters is as strong as it has ever been,” said Mulvihill. “Through interoperability with the Australian Defence Force, their professionalism and expertise have made our units more ready, contributing to regional stability in the Indo-Pacific.”

    MIL Security OSI –

  • MIL-OSI China: ​Jackson Wang’s Halloween pop-up store opens in Shanghai

    Source: China State Council Information Office 3

    The “Under the Castle” Halloween-themed pop-up store, designed by Jackson Wang and his team, will be open in Shanghai throughout November, following on from the pop star’s successful collaboration with Universal Studios Singapore last month, which brought the first Chinese intellectual property (IP) to the Singapore theme park.

    The interior of the “Under the Castle” pop-up store in Shanghai. [Photo courtesy of Team Wang Design]

    The store is open from now until Nov. 30 at No. 10 Yongyuan Road in central Shanghai. Hauntingly decorated both inside and outside, a wide range of merchandise specially designed by Wang and his team is on offer, with visitors even having the chance to obtain a free comic book. Preparations are also underway for an “Under the Castle”-themed carnival and exclusive market, although the date has yet to be announced.

    The exterior of the “Under the Castle” pop-up store in Shanghai. [Photo courtesy of Team Wang Design]

    “Under the Castle” was created by Team Wang Design, a luxury streetwear label founded by its creative director Jackson Wang and his friend and longtime partner Henry Cheung. The “Under the Castle” experience and merchandise originated from the “Sparkles – Knock Knock” series launched in October 2022, and an escape room created by the singer in Shanghai in 2023. 

    A display featuring the central characters Pumpkie and Spookie inside the “Under the Castle” pop-up store in Shanghai. [Photo courtesy of Team Wang Design]

    The franchise introduces the characters Pumpkie and Spookie, around whom Jackson Wang has also crafted a comic book. Pumpkie, a pumpkin brought to life on Halloween, and Spookie, a playful ghost, explore a cursed castle in their village, encountering the building’s former royal residents and uncovering its secrets.

    Ahead of the Shanghai store’s opening, Wang had already extended his star power and intriguing concept overseas. In late September, Team Wang Design announced its first partnership with Resorts World Sentosa when it opened the “Under the Castle” haunted house at Universal Studios Singapore’s 12th edition of “Halloween Horror Nights.”

    The “Under the Castle” attraction at Universal Studios Singapore. [Photo courtesy of Team Wang Design]

    Combining Team Wang Design’s bold aesthetics with a spooky narrative, the attraction featured a terrifying take on the characters Pumpkie and Spookie, integrating elements from Wang’s 2022 album “Magic Man” through props and scare actors. Open from Sept. 27 to Nov. 2, it was the largest haunted house at this year’s event, consistently drawing long lines of visitors and fans. The collaboration also marked the first time a Chinese IP had been featured in the Universal Studios theme park in Singapore.

    Henry Cheung, CEO and co-founder of Team Wang Design, revealed that he and Wang have loved Halloween since they were children. For “Under the Castle” to be part of the legendary celebration at Universal Studios Singapore was “truly an honor,” Cheung said in a statement, adding that the theme park’s Halloween event has been setting the gold standard for fear and fun for more than a decade.

    Jackson Wang interacts with fans at the launch of his “Under the Castle” comic book at Resorts World Sentosa, Singapore, Oct. 13, 2024. [Photo courtesy of Team Wang Design]

    Wang, who is working on his next album set for release in 2025, has taken time out this year to refresh and recharge. After years of relentless touring and intense pressure, he aimed to live a more balanced life and spend more time with friends. However, his desire to keep creating led him to undertake high-profile projects, including a collaboration in June with auction platform Joopiter, owned by his friend, the American musician and fashion designer Pharrell Williams.

    Fans can look forward to more projects and surprises from the singer next year. At the Weibo Music Awards 2024, held in Beijing this September, Wang announced: “I’ve rested this year and will come back to the music scene next year. Check me out next year; wait and see.”

    MIL OSI China News –

  • MIL-OSI China: Cambodia, China eye stronger digital economy cooperation

    Source: People’s Republic of China – State Council News

    PHNOM PENH, Nov. 4 — The 2024 China-Cambodia Digital Economy Cooperation Forum was convened here in Phnom Penh, capital of Cambodia, on Monday, exploring ways to boost stronger digital economy cooperation between the two countries.

    In an opening speech, Cambodian Minister of Economy and Finance Aun Pornmoniroth said the forum was vital to further promoting cooperation between Cambodia and China, especially in the fields of technology, innovation, and digital economy.

    “For Cambodia, the development of the digital economy is considered an important driver in the process of economic development,” he told the forum with approximately 250 participants.

    Pornmoniroth, who is also a Cambodian deputy prime minister, said the development of digital technology is one of the top priorities in the Cambodian government’s Pentagonal Strategy Phase 1 and that digital technology will help Cambodia achieve its vision of becoming a high-income country by 2050.

    “In recent years, digital technology has been rapidly developed, becoming a new stand for supporting and ensuring economic resilience,” he said.

    “The digital technology has spurred new innovations that contribute to value added creation, productivity increase, and work efficiency, as well as become a catalyst for global trade and economic connectivity,” he added.

    Pornmoniroth said Cambodia and China have been working closely to promote digital economy and that the Southeast Asian country has collaborated with Alibaba to boost e-commerce and with UnionPay International and Ant International’s Alipay+ to bolster cross-border QR code payments.

    At the event, the Digital Economy Professional Association of the Chinese Chamber of Commerce in Cambodia was launched.

    Pornmoniroth hopes that the association will play a leading role in promoting digital innovations, producing digital talents, and enhancing the use of digital technology.

    Chinese Ambassador to Cambodia Wang Wenbin praised Cambodia for its rapid development of digital economy, and was amazed by the significant rise of mobile payments with smartphones.

    He was pleased to see that China-Cambodia digital economy cooperation has progressed well, saying that China will continue to help Cambodia achieve the goal of 100 percent high-speed Internet coverage in urban areas and 70 percent coverage in rural areas by 2025.

    “Chinese companies in Cambodia have fully utilized their own technological advantages to promote emerging technologies such as artificial intelligence, cloud technology, and mobile payments in Cambodia, helping the kingdom improve its digital level and promote digital transformation,” he said.

    Lin Shiqiang, president of the China Chamber of Commerce in Cambodia, said China Unicom, Huawei and other companies have played a crucial role in constructing Cambodia-China submarine cable, providing strong support for the deep integration and connectivity of the digital economy of the two countries.

    Joseph Matthews, a senior professor at the BELTEI International University in Phnom Penh, said China has been a great supporter of digitalization of Cambodia, gradually transforming Cambodia’s present system into digitalization.

    “China has a policy. They are sharing their wealth and their technology with countries and with their friends like Cambodia,” he told Xinhua.

    MIL OSI China News –

  • MIL-OSI China: China holds wide appeal for investors

    Source: People’s Republic of China – State Council News

    Motivated by China’s complete removal of market access restrictions for foreign investors in the manufacturing sector, executives from multinational corporations attending the seventh China International Import Expo said they will deploy more resources in the country, with a particular focus on high-end manufacturing.

    This year’s CIIE, scheduled in Shanghai from Tuesday to Nov 10, will debut more than 400 new products, technologies and services across advanced sectors, including high-end equipment, advanced materials and marine engineering products, according to the Ministry of Commerce.

    The latest edition of China’s national negative list for foreign investment, which took effect on Friday, has removed the last two manufacturing-related restrictions, further opening the sector to global investors, according to the National Development and Reform Commission.

    Attracted by China’s innovation capability, business model transformation and bilateral and multilateral free trade deals, many global manufacturers are increasingly inclined to invest in new innovation centers, expand production capacities and advance digital transformation initiatives within the country, said Sun Xiao, secretary-general of the China Chamber of International Commerce.

    For China, the manufacturing industry is the earliest sector to open up to foreign investors, and it is also the most competitive, with a high level of integration with the global industrial division of labor, said Sun.

    Schneider Electric, a French industrial and technology group and a seven-time participant at the CIIE, will present at this year’s event new concepts, products, services and applications that combine digital, automation and electrification technologies, underscoring its commitment to China through its “China Hub” strategy.

    Yin Zheng, executive vice-president of Schneider Electric’s China and East Asia operations, said that China has become Schneider Electric’s second-largest market in the world and one of its four global research and development bases.

    “Through the CIIE, a world-class communication platform, we aim to continuously deepen ecosystem cooperation and work with more Chinese industrial partners to jointly build new quality productive forces,” he added.

    Arthur Xu, president for China at Danfoss Group, a Danish engineering company, said that Danfoss will bring its products and solutions in the data center, water and wastewater treatment, marine, food and beverage, and heat recovery fields, among others, to the CIIE this year. These proven solutions will offer unique value for China’s green transition, he said.

    In addition to plans to begin construction in April in Jiaxing, Zhejiang province, on its new manufacturing facility, which will be one of the biggest production sites in Danfoss’ history, the company also announced in September that it has completed construction of a work campus in Nanjing, Jiangsu province.

    The new campus is dedicated to the innovation and production of specialized transistor modules as well as electric and hybrid power train systems.

    With the structure of foreign investment continuing to be optimized, China saw the high-tech manufacturing sector use 77.12 billion yuan ($10.87 billion) in foreign direct investment in the first three quarters of 2024, accounting for 12 percent of the national total, according to the Ministry of Commerce. That is an increase of 1.5 percentage points from the same period last year.

    Tang Wenhong, assistant minister of commerce, said that China’s well-developed industrial system, commitment to continued openness, and efforts to scale up high-tech manufacturing remain key drivers for foreign manufacturers’ investment in the country.

    Nipsea Group, a Singapore-based paint and coating manufacturer, will make its debut as a participant at the CIIE this week with a 300-square-meter booth.

    “This year, we have officially transitioned from being a witness to a participant at the CIIE, presenting our latest products and technology solutions,” said Eric Chung, CEO of Nippon Paint China, a subsidiary of Nipsea Group.

    “This move not only underscores our unwavering commitment to the Chinese market, but also reflects our firm determination to contribute to the high-quality development of China’s economy,” Chung said, adding that the company will showcase its newest automotive coatings and marine paint products at the expo.

    MIL OSI China News –

  • MIL-OSI China: CIIE attracts record-breaking participating countries, exhibitors

    Source: China State Council Information Office

    This photo shows the National Exhibition and Convention Center (Shanghai), the main venue for the 7th China International Import Expo (CIIE), in east China’s Shanghai, Nov. 4, 2024. [Photo/Xinhua]

    On Tuesday morning, the Chinese commercial hub of Shanghai will once again assume its role as the host for the newest edition of the globe’s first national-level exposition dedicated to imports.

    Now, the China International Import Expo (CIIE) stands as a telling example of China’s steadfast opening up and an unmissable opportunity for foreign enterprises to tap into the Chinese market.

    Despite challenges and uncertainties in the global economic landscape, over the past seven years, CIIE has steadily grown.

    The first six editions of CIIE have generated a total intended transaction amount exceeding 420 billion U.S. dollars. Additionally, over 1,130 foreign enterprises and investment promotion organizations have conducted targeted connections across the country.

    This year, the business exhibition will be held at the National Exhibition and Convention Center (Shanghai), covering more than 360,000 square meters — equivalent to 50 standard soccer fields — and hosting 3,496 exhibitors from 129 countries and regions.

    Both the number of participating countries and exhibitors have surpassed previous records.

    Notably, 297 exhibitors from Fortune Global 500 companies and industry leaders will attend, marking a historic high. Among all participants, 186 enterprises and institutions have achieved full attendance across all seven editions of the expo.

    Besides, this year’s event is also commanding the attention of global journalism. More than 400 media outlets are participating in the coverage of this event, including 220 foreign media organizations.

    China’s vast market has become one of the most attractive destinations for global players, with the CIIE serving as the “golden gateway” to this opportunity.

    For the CIIE frequenter of Japanese cosmetics giant Shiseido, the event serves as a second-to-none magnet.

    “Over the past years of participating in CIIE, we have seen firsthand just how influential the expo can be for our business,” said Toshinobu Umetsu, president and CEO of Shiseido China.

    According to the company, visitors will be able to see over 30 new product debuts from 12 different brands in their portfolio.

    Umetsu described the expo as a boon for their growth in China’s thriving market, noting that many new skincare technologies, brands, and products have gained substantial attention and recognition from consumers after being featured at CIIE.

    “CIIE successfully transformed our ‘exhibits’ to ‘products,’” Umetsu added.

    Seizing the opportunity, new participants are eager to try their luck. Among the trendsetters is Canadian sportswear magnate Lululemon.

    “A digital innovation here is leading the world, quite frankly, in terms of adoption and opportunities,” said Calvin McDonald, CEO of Lululemon during an interview with Xinhua.

    Impressed by the market’s speed, agility and resilience, McDonald said the opportunity to move fast and accomplish big initiatives in the market is incredibly exciting, seeing CIIE as a precious opportunity to bring awareness to the brand.

    “In the dynamic and healthy market, we are learning not just how we drive and see success here,” he said, adding that what Lululemon learned from the Chinese mainland consumers and innovation can help their business in other markets as well.

    After years of development, the CIIE has become a symbol of China’s new development pattern, a platform for high-level opening-up, and an international public good shared by the world.

    At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country’s commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening up.

    Serving as another fine example, China removed all market access restrictions for foreign investors in the manufacturing sector on Nov. 1, a landmark move made by the world’s second-largest economy as it opens its doors wider.

    “Reflecting on the past six editions of the CIIE, ‘high-level opening up’ has been a consistent theme. The expo has continually showcased an image of an ‘open China’ that shares opportunities and future with the world,” said Wu Zhengping, deputy director general of the CIIE Bureau.

    MIL OSI China News –

  • MIL-OSI USA: Tuberville Honors Patrick Jump of Robertsdale as November “Veteran of the Month”

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today,U.S. Senator Tommy Tuberville (R-AL) released a video honoring USMC Corporal Patrick Jump of Robertsdale as the November “Veteran of the Month.”

    Excerpts from Senator Tuberville’s remarks can be found below, and his complete remarks can be found here.

    “The son of a Vietnam veteran, Patrick knew what he was getting into when he signed up for the military.  He remembers watching the Twin Towers fall while sitting in government class on September 11, 2001. But Patrick’s desire to serve was unmoved.”

    “When the COVID pandemic hit, he realized how great the need was to help veterans struggling with mental health. What began as a weekly virtual check-in with fellow soldiers, started a fulltime mission to help fellow veterans and their families. Patrick purchased a RV, traveling across 43 states before deciding to settle down in Baldwin County. Although not originally from Alabama, when Patrick discovered the region’s patriotic spirit, he decided it was the perfect place to call home. He founded the Warrior Legacy Ranch to provide support to veterans struggling with their mental health. He has been a leader in fighting to prevent veteran suicides and expanding the sense of community for veterans—specifically those who served post 9/11. Patrick’s efforts have not only helped veterans in Alabama but all across the nation. Alabama is grateful to have him on the frontlines serving those who have honorably served us.”

    Senator Tuberville recognizes a different Alabama veteran each month for their service and contribution to their community. Constituents can nominate an Alabama veteran and submit their information to Senator Tuberville’s office for consideration by emailing press_office@tuberville.senate.gov. 

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, and HELP Committees.

    MIL OSI USA News –

  • MIL-OSI China: IP takes lead in western China’s innovation surge

    Source: China State Council Information Office 2

    An aerial drone photo taken on Sept. 8, 2024 shows a partial view of the Shichengzi photovoltaic power station in Hami City, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]
    The western regions of China have experienced remarkable economic strides in recent years, and one contributing factor to this success is the progress made in intellectual property (IP). Amidst the country’s green transformation and pursuit of high-quality growth, this once-impoverished hinterland has now taken an IP-driven development path.
    The China National Intellectual Property Administration (CNIPA) has recently reported rapid growth in two key IP types in the regions. By the end of September, the number of valid invention patents in the regions reached 493,000, up 16.7 percent year on year. Registered trademarks also rose by 10.5 percent compared to the previous year.
    Such growth has not been easy to achieve. Comprising 12 provincial-level regions, western China covers two-thirds of the country’s land area and is home to over a quarter of its population. A sparsely populated area with limited infrastructure, the western regions have lagged economically compared to the eastern provinces.
    However, in recent years, these regions have actively promoted emerging industries, such as smart manufacturing, new energy vehicles and low-altitude economy, which in China are considered as new quality productive forces with high-value invention patents. Local departments have provided IP guidance and financial support to enterprises within these industries, facilitating their rapid growth and narrowing the gap with the east.
    From innovation to invention
    Some have even taken the lead in the country, such as clean energy technology.
    In northwest China’s Qinghai Province, a vast photovoltaic power generation park has been constructed in the Talatan Gobi Desert, spanning 600 square kilometers. Amidst the solar panels, flocks of white sheep were spotted roaming around.
    A few years ago, Talatan was a barren land. The locals creatively planted grass to prevent sand erosion and installed a large area of photovoltaic panels. The water used for cleaning the panels infiltrated beneath the surface, nourishing the grass. However, the grass growth-induced shade problem caused the solar panels to malfunction.
    To manage grass without chemicals, the park integrated sheep farming — using the animals to control vegetation and contribute to ecological conservation.
    This “photovoltaic sheep” concept, patented in 2018, has boosted the efficiency of local photovoltaic power generation, with the park now generating up to 80 million kilowatt-hours of electricity annually.
    Another example is the China-Laos Railway, which links Kunming, the capital of southwest China’s Yunnan Province, and the Lao capital Vientiane.
    The construction of the cross-border railway was a challenging task due to the complex geological structures along the route. Chinese engineers drilled solid tunnels through delicate mountain terrain and constructed high-pier and large-span railway bridges in earthquake-prone areas. Nearly 30 patents were obtained during the construction process, which has not only greatly improved efficiency and safety but also provided technical references for other major projects in both countries. In October this year, the patent-rich railway has facilitated over 42 million passenger trips since its operation in December 2021.
    The innovative achievements from China’s western regions have also garnered global attention. According to the latest report by the World Intellectual Property Organization, four major cities in the area – Xi’an, Chengdu, Chongqing, and Lanzhou – continue to lead the top 100 science and technology cluster ranking. These cities have further enhanced their industrial concentration, attracting high-quality enterprises and talent, and establishing themselves as significant regional hubs of innovation.
    “The market economy necessitates us to establish advanced technology as our competitive advantage and transform tech achievements into business resources. Therefore, we have chosen the path of IP,” said Wang Shechang, chairman of Xi’an-based China National Heavy Machinery Research Institute Co., Ltd.
    “Protecting IP is not only safeguarding innovation but also utilizing them as a means to enhance value exchange and facilitate the transformation of tech accomplishments,” Wang noted.
    From local to global
    Geographical indications (GI) are also a key element in the winning formula of development in Western China.
    GI is a type of IP that signifies a product’s specific origin and the qualities or reputation linked to that location. It serves as a mark of quality, setting the product apart from competitors.
    The latest data shows that the western region has recognized 931 GI products, accounting for 38.8 percent of the national total, with a direct annual output value of 429.8 billion yuan(60.36 billion U.S. dollars).
    “The brand value has been greatly enhanced as many products have obtained GI labels,” said Dolkun Awut, head of the Xinjiang IP department. “We leverage this advantage to drive the development of the GI industry and contribute to rural revitalization.”
    The Guangxi Zhuang Autonomous Region is a major GI contributor. It has 211 GIs, with a comprehensive output value of over 200 billion yuan and employment for over 5 million people.
    The promotion of GI has also strengthened cooperation between the western region and the world. According to the CNIPA, 36 GI products from the western regions have been included in the first China-EU GI list. In 2021, the two sides signed an agreement to enhance bilateral trade of agri-food products, with recognition and protection of 100 Chinese GIs and 96 EU GIs.
    Taking the wine at the eastern foot of Helan Mountain as an example, since it was included in the first China-EU GI list, the product from northwest China’s Ningxia Hui Autonomous Region has been exported to over 40 countries and regions, and major wine-producing areas in European countries such as Britain and France have imported 228,000 liters of this Chinese wine.
    Western China also places great importance on IP exchanges with neighboring countries.
    In Xinjiang, the local IP department has been providing guidance to Chinese enterprises on marketing in Central Asian countries and helping them improve their ability to handle IP disputes.
    Guangxi and ASEAN countries have established forums and conferences on IP cooperation. They have also collaborated on patent technology transfer within the biomedicine and new energy vehicle industries. Moreover, universities in Guangxi conducted academic IP programs with those in Macao Special Administrative Region and Vietnam.
    China’s GDP saw a 5.2 percent year-on-year increase last year, with the western regions outperforming the national average at 5.5 percent. In this remote but robust area, more enterprises and innovators have valued IP, leveraging their innovations to bolster industries with competitive edges and stimulate better economic growth.

    MIL OSI China News –

  • MIL-OSI Australia: ASEAN-Australia Centre inaugural Advisory Board appointments

    Source: Australian Government – Minister of Foreign Affairs

    Today, I am pleased to announce the inaugural Advisory Board of the ASEAN-Australia Centre.

    The establishment of the ASEAN-Australia Centre was announced by Prime Minister Anthony Albanese at the ASEAN-Australia Special Summit and commenced operations earlier this year.

    The Centre replaces the Australia-ASEAN Council and will strengthen people-to-people links, increase ties with national cultural institutions, support emerging leaders, drive business engagement, and deepen Australia’s trade and investment links under Invested: Australia’s Southeast Asia Economic Strategy to 2040.

    The following individuals have been appointed to the Advisory Board of the ASEAN-Australia Centre:

    • Ms Louise Adams, Chief Operating Officer, Aurecon
    • Professor Nicholas Farrelly, Pro Vice-Chancellor, University of Tasmania
    • Professor Sango Mahanty, Crawford School of Public Policy, Australia National University
    • Ms Audra Morrice, chef, author, television presenter and sustainability tourism champion in Southeast Asia and the Pacific
    • Mr Tarun Nagesh, Curatorial Manager, Asian and Pacific Art, Queensland Art Gallery, Gallery of Modern Art
    • Ms Su-Lin Ong, Managing Director and Chief Economist, RBC Capital Markets
    • Professor Sharon Pickering, Vice-Chancellor and President, Monash University
    • Ms Kate Russell, Chief Executive Officer, Supply Nation
    • Ms Hayley Winchcombe, Engagement Manager, Mandala
    • Mr John Hopkins, (ex officio) Managing Director and CEO, Export Finance Australia
    • Ms Michelle Chan, (ex officio) Deputy Secretary and Head of the Office of Southeast Asia, Department of Foreign Affairs and Trade

    The Chair of the Advisory Board will be announced early next year.

    I would like to thank outgoing Chair Mr Glenn Keys AO and board member Ms Caroline Chan for their contributions in advancing the Australia-ASEAN Council’s work.

    MIL OSI News –

  • MIL-OSI Asia-Pac: Satellite payload items selected by Security Bureau and disciplined services on display at Hong Kong Space Museum from tomorrow (with photo)

    Source: Hong Kong Government special administrative region

         The Security Bureau (SB), together with the disciplined services and auxiliary forces under it, will hold a six-day exhibition at the Hong Kong Space Museum foyer starting tomorrow (November 6). The exhibition will showcase the cultural and creative items which were carefully selected to be carried by the country’s Shijian-19 satellite during its recent space mission, with a view to enhancing the sense of national pride among members of the public and deepening their understanding of the disciplined and auxiliary services.
          
         The Secretary for Security, Mr Tang Ping-keung, earlier officiated at the unboxing ceremony held at the Central Government Offices, during which he presented the items and space payload certificates to the heads of the respective services. Mr Tang said it was an honour to be invited to participate in the national space programme involving the country’s first reusable and returnable test satellite, which successfully accomplished its return mission. This marks a significant breakthrough in key technologies in aerospace, demonstrating the nation’s remarkable progress in the area of space exploration. The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation while dedicating themselves to safeguarding Hong Kong.
          
         The cultural and creative items and promotional materials selected by the SB include a national security-themed comic, which is a testimony to the importance the SB has attached to safeguarding national security. As one of the main characters of the comic, Security Bear was also given special equipment to join the journey to space, further promoting national security education and helping children understand the importance of national security from a young age in a fun way. Given the promotion of the Sha Tau Kok Frontier Closed Area tourism is also a key initiative of the SB, and a series of promotional items featuring the cultural characteristics of Sha Tau Kok were chosen for the space journey.

         Other meaningful items were selected by the disciplined and auxiliary services, including the mascots of different services, such as Little Grape from the Hong Kong Police Force (HKPF) and Mini Bean from the Junior Police Call; a teddy bear from Customs Yes of the Customs and Excise Department (C&ED); Captain Gor from the Rehabilitation Pioneer Leaders of the Correctional Services Department (CSD); AMSER from the Auxiliary Medical Service (AMS), as well as other items such as samples of a passport and identity card of the Hong Kong Special Administrative Region, a publication of the Fire Services Department (FSD) , an album, a flag and framed items.

         The Shijian-19 satellite was launched on September 27 and returned safely on October 11. The payload items of the disciplined and auxiliary services came from the HKPF, the C&ED, the Immigration Department, the CSD, the FSD, the Government Flying Service, the AMS, the Civil Aid Service and the Hong Kong Auxiliary Police Force.   

    MIL OSI Asia Pacific News –

  • MIL-OSI: Global Strategy: Fergus Kane Leads DIGZAX in Shaping the Future of Crypto Finance

    Source: GlobeNewswire (MIL-OSI)

    ARVADA, Colo., Nov. 04, 2024 (GLOBE NEWSWIRE) — Recently, the internationally renowned cryptocurrency exchange DIGZAX announced its global expansion strategy aimed at penetrating emerging markets and enhancing its business coverage and international influence. This initiative marks the further commitment of DIGZAX to the international market while showcasing its success in strategic positioning and market operations. As the heart of this expansion strategy, Fergus Kane, the founder and CEO of DIGZAX, has once again become a focal point in the industry.

    Fergus not only possesses a robust financial background but is also a pioneer in the realm of cryptocurrency. He graduated from Harvard University, and later achieved significant success at top financial institutions such as Goldman Sachs and JPMorgan on Wall Street. However, he did not confine himself to traditional finance; instead, he keenly recognized the vast potential within crypto finance.

    After extensive research into the blockchain and cryptocurrency sectors, Fergus identified numerous pressing issues facing cryptocurrency exchanges. In response, he decided to establish DIGZAX, a user-centric trading platform that emphasizes security and compliance. Since its inception in 2019, DIGZAX has rapidly secured a significant position in the global market, thanks to its innovative technology applications and high-quality user experience.

    According to the recently announced global expansion plan of DIGZAX, the platform will first solidify its leadership in the Asia-Pacific market before gradually extending its reach into Latin America. Fergus stated that both regions are experiencing rapid growth in their cryptocurrency user bases, presenting immense market potential. DIGZAX intends to establish a solid business foundation in these markets through stringent compliance measures and flexible operational strategies.

    This strategy not only reflects the global vision of DIGZAX but also underscores its keen attention to emerging markets. By deeply exploring these regional markets, DIGZAX aims to provide users with a more diversified range of services, ensuring it maintains a leading position in the fiercely competitive cryptocurrency landscape.

    For Fergus Kane, DIGZAX is not merely a cryptocurrency trading platform; it is a bridge that helps more people safely and conveniently enter the world of crypto finance. Throughout its global expansion, DIGZAX has consistently prioritized user experience as its core objective. Whether it involves the continuous optimization of platform features, the promotion of user education, or rigorous compliance management, Fergus and his team are dedicated to creating an efficient and secure trading environment, ensuring that more potential investors can confidently engage with the crypto market and fully enjoy the growth dividends of the industry.

    In addition to business expansion, Fergus particularly emphasized the importance of industry knowledge dissemination. He believes that users can only better participate and benefit from crypto finance when they truly understand its operational mechanisms and underlying values. Consequently, DIGZAX plans to further strengthen market education in the future, helping more investors grasp the relevant knowledge of cryptocurrencies. Through this initiative, DIGZAX aims to provide users with a safe and robust path to market participation, maximizing their potential returns.

    With the rapid development of the cryptocurrency market, Fergus Kane and the DIGZAX exchange have emerged as industry leaders. Through precise market insights, cutting-edge technology applications, and a user-centered service philosophy, DIGZAX is swiftly rising to become a frontrunner in the global crypto finance sector. With its global expansion plan, DIGZAX will continue to drive industry innovation, creating greater value and opportunities for users.

    Media Contact:

    Full company name: DIGZAX BLOCKCHAIN DEVELOPMENT INC

    Company website: https://www.digzax.co

    Contact Person: Darma

    Email id: support@DIGZAX.co

    Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/645f4f0f-608a-424c-9d2e-50837f5090e2

    The MIL Network –

  • MIL-OSI Economics: Q&A: Default and Loss Data by ADB and Other MDBs

    Source: Asia Development Bank

    Article | 05 November 2024
    Read time: 5 mins

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    •  Robust credit data are fundamental to lending volume and pricing decisions, capital adequacy assessment, and overall strategic decisions to catalyze private investors to invest more in emerging markets.
    •  ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB’s sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021.
    •  By making their own credit data publicly available, MDBs are empowering private and public investors with valuable insights into the actual creditworthiness indicators of borrowers in developing countries.

    On 10 October 2024, ADB published a comprehensive report detailing its sovereign default and loss rates over a 34-year period. This report, made in keeping with ADB’s commitment to data transparency, shows the remarkable credit performance of loans to its developing member countries (DMCs). On 15 October 2024, the GEMs Consortium—a group of 26 multilateral development banks (MDBs) and development finance institutions (DFIs)—published two reports that provide insights on the performance of credit portfolios and credit risk in emerging markets and developing economies (EMDEs) based on the group members’ investment experiences.

    Stephen O’Leary, Head, Office of Risk Management, ADB

    What prompted major MDBs to disclose their proprietary data, such as credit data, to the public?

    Unlike in developed economies, there is a deficit of reliable data on credit performance in the emerging markets where MDBs operate. This leads to misconceptions about the level of risk in those regional debt markets. Therefore, major MDBs have decided to disclose their aggregated detailed default and recovery statistics at a more granular level in response to shareholders’ demand for greater transparency.

    By making their own credit data publicly available, MDBs are empowering private and public investors with valuable insights into the actual creditworthiness indicators of borrowers in developing countries. This information is crucial for investors who often perceive these markets as high risk due to a lack of data. The MDBs are playing a key role in changing this perception.

    How significant are the data being shared?

    The published data have additional granularity which may help refine credit models. Robust credit models are fundamental to lending volume and pricing decisions, capital adequacy assessment, and overall strategic decisions to operate in specific markets. MDB’s private sector data should also catalyze private investors to invest more in emerging markets.

    What are the key insights from the recent GEMs publication of private sector defaults and recoveries?

    To underscore the reliability of the insights, it should first be highlighted that the GEMs report has one of the biggest populations of approximately 2000 private sector defaults. For comparison, the S&P’s Emerging and frontier markets corporate default summary showcases around 500 default instances since 1997.

      The GEMs report reveals that private-sector lending in EMDEs has a historical average default rate of 3.56%, which implies S&P Corporates’ B rating. The annual default rates were surprisingly stable and slightly below the historical average for the past 20 years. The fact that lending in frontier markets did not result in high default rates is a remarkable finding, especially given that the MDBs prioritize development goals over profitability.

    The data also highlight that financials comprise 36% of MDBs and IFIs borrowers, while utilities comprise approximately 14%. The financials have the lowest default rate among all sectors. Such MDBs’ sectoral concentration facilitates credit transmission into the economies of developing countries via financial intermediaries. While lending to renewable energy and sustainable utilities infrastructure simultaneously reduces climate risk.

    What steps has GEMs Consortium taken to improve the data?

    GEMs Consortium continuously improves the data to increase their usability and credibility among investors and stakeholders. The consortium has already updated its methodology documentation, providing detailed explanations of data collection processes and sources. Additionally, GEMs Consortium invests in streamlined data collection technologies to ensure more timely and granular updates, facilitating better decision-making in fast-changing market conditions.

    How can sovereign data disclosures help the borrowers?

    Disclosing sovereign default and recovery data is important as they detail the performance of an MDB sovereign lending in a specific country. Such disclosures should help investors enter cofinancing agreements with an MDB. For example,   ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB’s sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021. The data underscore the strength of ADB’s relationship with its developing member countries and the preferred creditor treatment accorded to ADB.

    The recent strides made by MDBs in enhancing credit data disclosures are a testament to their commitment to transparency and accountability. These efforts, when continued, will ensure that stakeholders, including governments, civil society, and the public, have access to reliable and comprehensive data. This, in turn, will contribute to sustainable development and financial stability on a global scale.

    In conclusion, the true utility of data is realized only when there is widespread global awareness of their free availability. While collecting and publishing data are essential steps, effective dissemination is key to maximizing their impact. The MDB community can significantly enhance the development benefits by engaging independent market participants to review, comment on, and utilize credit data. This collaborative approach not only enriches the value of the data but also fosters broader participation, ultimately driving meaningful outcomes.

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    Subjects
    • ADB administration and governance
    • Public sector (Sovereign) financing
    • Finance sector development

    MIL OSI Economics –

  • MIL-OSI China: Global firms capitalize on China’s smart, green transformation

    Source: China State Council Information Office

    Jinbao, the mascot of the China International Import Expo (CIIE), and Xiaoxin, a humanoid robot providing inquiry service, are pictured at the media center of the 7th CIIE in Shanghai, east China, Nov. 4, 2024. [Photo/Xinhua]

    Global investors are eyeing fresh opportunities in China as the world’s second-largest economy accelerates its intelligent, green transformation.

    With the seventh China International Import Expo (CIIE) set to open on Tuesday, multiple industry leaders from across the world are gearing up to showcase their latest innovations and technologies, aiming to tap into China’s vast market potential.

    Tapping smarter manufacturing

    Aptiv, a multinational developing automobile parts, made its debut at the seventh CIIE, exhibiting software and hardware products featuring intelligence and electrification.

    “The CIIE provides an excellent platform for enterprises from all over the world to exchange ideas and cooperate,” said Simon Yang, president of Aptiv for China and the Asia Pacific region. He noted that Aptiv hopes to make full use of the CIIE to showcase its innovative solutions.

    The company is committed to its long-term development strategy of “In China for China,” and will continue to increase its investment in the Chinese market while expanding business cooperation with Chinese original equipment manufacturers.

    Aptiv is one of a number of multinationals gathering in Shanghai to test the pulse of China’s smart manufacturing market, which plays an important part in the country’s pursuit of high-quality development.

    Swedish technology company Hexagon has brought its new solutions to help traditional manufacturers become more digital-savvy to this year’s CIIE, including cloud platforms for industrial software and smart quality-testing systems.

    “The company is ready to ride the wave of the country’s pursuit of new quality productive forces, which are high-tech, highly efficient and of a high quality,” said Qin Lei, marketing business partner at Hexagon Manufacturing Intelligence (Qingdao) Co., Ltd.

    Merck Group, Germany’s leading tech company, is showcasing its innovative achievements in the new materials section of the CIIE, which is new to the annual event.

    China’s great market potential, improving business environment and rich talent pool have reinforced Merck’s confidence in its long-term investment in the country, said Marc Horn, executive vice president of Merck and president of Merck China.

    Embracing a greener future

    Entering its seventh year, the CIIE has retained its “New Era, Shared Future” theme, which holds special meaning for Christian Bruch, president and CEO of Siemens Energy AG.

    “I strongly agree with the theme, as it envisions a sustainable and more decarbonized future that requires collaborative efforts from governments, enterprises, customers, partners and the entire supply chains,” Bruch said.

    In his view, China’s dedication to building a modern energy system creates “extensive market opportunities” for global energy technology companies, including Siemens Energy.

    “Together with Chinese customers and partners, we have developed many energy infrastructure projects, continuously invested and expanded our manufacturing capacity in China, in order to meet the growing market demand in China and across the world,” he said.

    Pledging to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, China has been steadfast in accelerating its energy transition. Over the past decade, the share of clean energy in the country’s total energy use has increased 10.9 percentage points, according to the National Energy Administration.

    Dedicated to promoting clean energy in China, Siemens Energy has established 15 manufacturing facilities across the country. It has become an important partner in the country’s energy transition, Bruch said.

    At this year’s CIIE, the company is poised to showcase its cutting-edge decarbonization technologies for the energy sector. Many of its exhibits will be presented for the first time in Asia or China.

    “During the expo, I look forward to meeting and exchanging ideas with partners, building consensus and fostering collaborative development,” Bruch said. “Tackling climate change and driving energy transition is a daunting task that no single country or region can accomplish alone.”

    Bruch’s emphasis on collaboration aligns with China’s increasing global contributions. According to a white paper issued by China’s State Council Information Office in August this year, the country’s wind power and photovoltaic exports helped other countries reduce their carbon dioxide emissions by about 810 million tonnes in 2023.

    Recognizing China’s role in the global energy transition, Bruch highlighted Siemens Energy’s confidence in deepening cooperation with its Chinese partners. “We are fully committed to working together to build a new energy ecosystem that supports China’s dual-carbon goals and fosters sustainable energy development worldwide.”

    MIL OSI China News –

  • MIL-OSI Economics: Money Market Operations as on November 04, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 550,223.53 6.12 5.00-6.50
         I. Call Money 7,899.89 6.41 5.10-6.50
         II. Triparty Repo 396,114.85 6.08 5.41-6.25
         III. Market Repo 145,225.79 6.22 5.00-6.50
         IV. Repo in Corporate Bond 983.00 6.40 6.40-6.41
    B. Term Segment      
         I. Notice Money** 296.85 6.39 6.20-6.50
         II. Term Money@@ 657.00 – 6.50-6.90
         III. Triparty Repo 790.00 6.21 5.50-6.36
         IV. Market Repo 831.61 6.53 6.35-6.67
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Mon, 04/11/2024 3 Thu, 07/11/2024 74,000.00 6.49
    3. MSF# Mon, 04/11/2024 1 Tue, 05/11/2024 5,231.00 6.75
    4. SDFΔ# Mon, 04/11/2024 1 Tue, 05/11/2024 193,522.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -262,291.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Thu, 31/10/2024 14 Thu, 14/11/2024 24,697.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,458.51  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -13,698.49  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -275,989.49  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on November 04, 2024 1,026,975.35  
         (ii) Average daily cash reserve requirement for the fortnight ending November 15, 2024 1,011,562.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ November 04, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 18, 2024 402,348.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1428

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: SFST promotes Hong Kong’s status as international asset and wealth management and risk management centre in Switzerland (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, started his visit to Zurich, Switzerland, yesterday (November 4, Zurich time) to promote Hong Kong’s status as an international asset and wealth management and risk management centre.

         Mr Hui in the morning met with the Chief Executive Officer, Corporate Solutions, Swiss Re Group, Mr Ivan Gonzalez, and the Chairman of the Board of Zurich Insurance Group, Mr Michel M Liès, respectively. During the exchanges with these two world-leading insurance services and risk-solution providers, Mr Hui updated them on Hong Kong’s latest initiatives as announced in “The Chief Executive’s 2024 Policy Address (Policy Address)” to further strengthen Hong Kong’s position as a global risk management centre. The initiatives include reviewing the risk-based capital regime implemented in July 2024 and examining the capital requirements for infrastructure investment to enrich insurance companies’ asset allocations for risk diversification, and drive investment in infrastructure; as well as continuing to invite Mainland and overseas enterprises to establish captive insurers in Hong Kong. 

         Hong Kong is currently home to around 160 insurance companies. It has the largest concentration of insurance companies and the highest insurance density in Asia.    

         Mr Hui had a lunch meeting with the Swiss-Hong Kong Business Association (SHKBA), one of the members of the Federation of Hong Kong Business Associations. Mr Hui shared with SHKBA members the huge scale and diversified investment opportunities of Hong Kong’s asset and wealth management business, adding that the city welcomes investors and family offices around the world.      

         At another gathering with leaders of a multinational financial service provider, Mr Hui briefed them on the enhancements proposed in the Policy Address that further strengthen Hong Kong’s status as an asset and wealth management hub. Hong Kong will consult the industry on increasing the types of transactions eligible for tax concessions for funds and single family offices to cover emission derivatives/emission allowances, insurance-linked securities, loans and private credit investments, virtual assets, etc. He also updated participants that the Government’s issuance of green bonds has been attracting strong interest from local and international investors. So far a total of HK$220 billion in government green bonds have been successfully issued, including a diverse array of bonds – retail, institutional, and tokenised – across multiple currencies and tenors.

         On the same day, Mr Hui met with the Head of Bilateral Cooperation, Swiss National Bank, Ms Lena Lee Andresen, to discuss issues of mutual concern such as the global trend of monetary policies. 

         Mr Hui also visited the headquarters of Gategroup, and met with their Chief Financial Officer, Mr Urs Schwendinger. Gategroup is a market-leading inflight caterer with a global presence, including Hong Kong. Noting that Hong Kong is an international aviation hub with continuous development of the Airport City, Mr Hui welcomed Gategroup to further expand their business in the city.  
        
         Mr Hui will depart for Geneva in the morning of November 5 (Zurich time) to continue his visit in Switzerland.                     

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services

    Source: Hong Kong Government special administrative region

    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    *******************************************************************

         Mobile Libraries 5, 10 and 11 will suspend services during designated periods in November for routine maintenance, a spokesman for the Leisure and Cultural Services Department announced today (November 5).     Mobile Library 5 will suspend services from November 11 to 16. The affected service points are Hin Keng Estate, Kam Tai Court, Mei Tin Estate and Yan On Estate in Sha Tin; Yee Ming Estate and Mang Kung Uk Road in Sai Kung; and Fu Shin Estate and Fu Heng Estate in Tai Po. For enquiries about Mobile Library 5 services, please call 2696 5842.     Mobile Library 10 will suspend services from November 11 to 23. The affected service points are Tsing Tin Playground, Gold Coast and Lung Mun Oasis in Tuen Mun; Tin Yuet Estate and Tin Shui Estate in Tin Shui Wai; Hung Shui Kiu and Fung Cheung Road in Yuen Long; Ching Ho Estate in Sheung Shui; Cheung Wang Estate in Tsing Yi; Kwai Chung Estate in Kwai Chung; and Hoi Lai Estate in Sham Shui Po. For enquiries about Mobile Library 10 services, please call 2450 1857.     Mobile Library 11 will suspend services from November 25 to 30. The affected service points are Cho Yiu Chuen, Kwai Shing West Estate and Kwai Shing East Estate in Kwai Chung; Po Tin Estate in Tuen Mun; Sun Chui Estate in Sha Tin; Easeful Court in Tsing Yi; and Tin Wah Estate in Tin Shui Wai. For enquiries about Mobile Library 11 services, please call 2479 1055.     Readers are welcome to use other public libraries during the service suspension periods. They may also renew library materials by telephoning 2698 0002 or 2827 2833, or via www.hkpl.gov.hk.

     
    Ends/Tuesday, November 5, 2024Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: $100 Million ADB Loan to Strengthen Armenia’s Fiscal Sustainability and Financial Markets Development

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved an €89.47 million ($100 million equivalent) policy-based loan as Subprogram 2 of Armenia’s Fiscal Sustainability and Financial Markets Development Program.  

    The reforms promoted under this programmatic approach, supported by ADB in partnership with Agence Française de Développement, strengthen Armenia’s fiscal management and deepen its financial markets. These reforms align with Armenia’s national strategy to enhance governance, promote economic stability, and accelerate climate action.

    Government reforms under Subprogram 2 promote critical objectives of fiscal reform, including improved multi-year budget planning and procurement governance, and strengthened public debt, fiscal risk, and public investment management. In addition to fiscal governance reforms, the program also supports the establishment of liquid money markets, facilitates greater investor confidence, and enhances corporate transparency and governance.  

    Armenia’s climate change action policy commitments will also be enabled by key program reform efforts to embed adaptation and mitigation concerns and environmental policy objectives in public financial management systems and in financial sector policy.

    “The reforms will stimulate the financial sector and access to finance, positioning Armenia as a more robust economy resilient to external risks,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.  

    Subprogram 2 builds on the successful implementation of Subprogram 1 and aims to reduce fiscal vulnerabilities and bolster investor confidence in its financial and capital markets.

    “This program is a vital step in promoting fiscal effectiveness and bolstering Armenia’s capacity to manage fiscal risks and public investments effectively, creating foundations for sustainable growth,” said ADB Principal Financial Sector Economist João Farinha-Fernandes.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-OSI Economics: ADB to Help Nepal Upgrade Electricity Transmission and Distribution Infrastructure

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved a $311 million loan to improve and modernize electricity transmission and distribution infrastructure in Nepal.

    “Upgrading and modernizing Nepal’s electricity transmission and distribution facilities and infrastructure is essential to its sustainable growth and development,” said ADB Principal Energy Specialist Jiwan Acharya. “Not only will this project ensure the reliable and sustainable delivery of electricity in the country, but it will also provide employment and business opportunities to make lives of Nepalese better and more comfortable.”  

    The project will finance a total of 290 kilometers (km) of power transmission lines from Dailekh to Jumla, New Butwal to Lamahi, Nijgadh to Ramauli, and Teenpiple and Okharpauwa. It will also expand, reinforce, and rehabilitate electricity distribution infrastructure in Karnali and Lumbini provinces. Distributed grid-connected solar photovoltaic generation facilities with a total capacity of 8 megawatts will be established in Karnali and other areas. 

    ADB will help the Nepal Electricity Authority (NEA) upgrade its training center, expand the smart meter rollout program, establish a data recovery center, and implement a Supervisory Control and Data Acquisition network. The project will conduct awareness-raising campaigns on safe and efficient energy use.

    ADB will provide an additional $30 million grant from its Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries, to support training and capacity building. Advanced communication tools and technology, funded by the grant, will equip NEA with skills in hydropower management and electricity dispatch significantly enhancing Nepal’s capability to trade power with neighboring countries. 

    The project will also support training of women and disadvantaged groups on business and technical skills, open energy-related employment opportunities, and expand energy-based businesses. It will help build the capacity of the NEA and other government agencies in power management, project management, new technologies, and power trade, among others.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-Evening Report: Fijian journalists embrace multimedia landscape for the digital age

    By Catrin Gardiner, Queensland University of Technology

    In the middle of the Pacific, Fiji journalists are transforming their practice, as newsrooms around Suva are requiring journalists to become multimedia creators, shaping stories for the digital age.

    A wave of multimedia journalists is surfacing in Fijian journalism culture, fostered during university education, and transitioning seamlessly into the professional field for junior journalists.

    University of the South Pacific’s technical editor and digital communication officer Eliki Drugunalevu believes that multimedia journalism is on the rise for two reasons.

    “The first is the fact that your phone is pretty much your newsroom on the go.”

    With the right guidance and training in using mobile phone apps, “you can pretty much film your story from anywhere”, he says.

    The second reason is that reliance on social media platforms gives “rise to mobile journalism and becoming a multimedia journalist”.

    Drugunalevu says changes to university journalism curriculum are not “evolving fast enough” with the industry.

    Need for ‘parallel learning’
    “There needs to be parallel learning between what the industry is going through and what the students are being taught.”

    Mobile journalism is growing increasingly around the world. In Fiji this is particularly evident, with large newsrooms entertaining the concept of a single reporter taking on multiple roles.

    Fijian Media Association’s vice-president and Fiji Times editor-in-chief Fred Wesley says one example of the changing landscape is that the Times is now providing all its journalists with mobile phones.

    “While there is still a photography department, things are slowly moving towards multimedia journalists.”

    Wesley says when no photographers are available to cover a story with a reporter, the journalists create their own images with their mobile phones.

    Journalists working in the Fiji Times newsroom, which is among the last few remaining news organisations in Fiji to have a dedicated photography department. Image: Catrin Gardiner, Queensland University of Technology

    The Fiji Broadcasting Corporation (FBC) also encourages journalists to take part in all types of media including, online, radio, and television, even advertising for multimedia journalists. This highlights the global shift of replacing two-person teams in newsrooms.

    Nevertheless, the transition to multimedia journalists is not as positive as commonly thought. Complaints against multimedia journalism come from journalists who receive additional tasks, leading to an increase in workload.

    FBC advertises for multimedia journalists, reflecting the new standard in newsrooms. Image: FBC TV/Facebook/QUT

    Preference for print
    Former print journalist turned multimedia journalist at FBC, Litia Cava says she prefers focusing on just print.

    She worked a lot less when she was just working in a newspaper, she says.

    “When I worked for the paper, I would start at one,” she says. “But here I start working when I walk in.”

    Executives at major Fijian news companies, such as Fiji TV’s director of news, current affairs and sports, Felix Chaudhary, also complain about the lack of equipment in their newsrooms to support this wave of multimedia journalism.

    “The biggest challenge is the lack of equipment and training,” Chaudhary says.

    Fiji TV is doing everything it can to catch up to world standards and provide journalists with the best equipment and training to prepare them for the transition from traditional to multimedia journalism.

    “We receive a lot of assistance from PACMAS and Internews,” Chaudhary says. “However, we are constantly looking for more training opportunities. The world is already moving towards that, and we just have to follow suit or get left behind.”

    More confidence
    Fortunately for young Fijian journalists, Islands Business managing editor Samantha Magick says a lot of younger journalists are more confident to go out and produce and write their own stories.

    “It’s the education now,” she says. “All the journalists coming through are multimedia, so not as challenging for them.”

    University of South Pacific student journalist Brittany Louise says the practical learning of all the different media in her journalism course will be beneficial for her future.

    “I think that’s a major plus,” she says. “You already have some sort of skills so it helps you with whatever different equipment it may be.”

    Catrin Gardiner was a student journalist from the Queensland University of Technology who travelled to Fiji with the support of the Australian government’s New Colombo Plan Mobility Programme. This article is published in a partnership of QUT with Asia Pacific Report, Asia Pacific Media Network (APMN) and The University of the South Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: SITI commences visit to Canada (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, began his visit to Toronto, Canada, on November 4 (Toronto time).

         In the morning, Professor Sun visited MaRS Discovery District, an innovation hub, and met with its Chief Executive Officer, Mrs Alison Nankivell, to receive a briefing on the hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem. Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science. As the largest urban innovation centre in North America, MaRS Discovery District supports 1 200 enterprises and renders direct assistance to enterprises in the hub with a view to building communities of innovators and promoting the adoption of new solutions.

         Professor Sun then visited the University of Toronto, and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science and Engineering of the University. Professor Sun met with the Dean of the Faculty, Professor Christopher Yip, and the Acting Associate Vice-President International Partnerships, Professor David Wolfe, and was briefed on the latest developments and research and development (R&D) achievements of the Centre. The Centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health. Its team also delivers ongoing guidance for advanced analytics projects in industry settings. Professor Sun encouraged the University to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

         In the afternoon, Professor Sun visited a start-up that provides storage and delivery services in North America. The start-up adopts a smart platform that automatically processes orders and updates inventory levels in real time. It also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

         Professor Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter) in the evening, and had an exchange with Hong Kong young people studying and working in Toronto to learn more about their study and work lives in Canada. Professor Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent. He noted that it is of paramount importance to enlarge the talent pool for the I&T development in Hong Kong, adding that the city is an ideal destination for young people to develop their careers and that Hong Kong youngsters are encouraged to seize the myriad opportunities there.

         Professor Sun will proceed to Ottawa and continue his visit on November 5 (Ottawa time).                  

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on November 05, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 05, 2024, Tuesday, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor
    (day)    		 Window Timing Date of Reversal
    1 1,25,000 2 10:30 AM to 11:00 AM November 07, 2024
    (Thursday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1429

    MIL OSI Economics –

  • MIL-OSI Economics: Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Source: GlobalData

    Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Posted in Consumer

    Rising environmental awareness among the Asia-Pacific (APAC) consumers is fueling demand for eco-friendly laundry detergents, as buyers increasingly prefer products with sustainable packaging and chemical-free, biodegradable formulations. A growing aversion to traditional chemical-based detergents, due to their adverse effects on ecosystems and marine life, is accelerating this shift, making sustainability a crucial factor in laundry detergent purchasing decisions across the region, says GlobalData, a leading data and analytics company.

    Naveed Khan, Consumer Analyst at GlobalData, comments: “Eco-friendly detergent formulations with ingredients such as plant extracts, essential oils, enzymes, and natural preservatives are becoming increasingly popular. These ingredients are perceived by consumers to have low to no environmental impact, throughout the product lifecycle from production till disposal.”

    GlobalData 2024 Q3 Consumer Survey* corroborates this trend, where 80% of the consumers in Asia & Australasia regard “sustainable/environmentally friendly” attributes in product purchases as either essential or nice to have. In the same survey, 79% consider the same for “recyclable packaging” tags.

    In response, detergent manufacturers are making their production process sustainable and ecologically friendly to attract consumers. For instance, in Malaysia, Ouji Seiyaku introduced a detergent liquid under its Fab Zero brand name. According to the company, the product is biodegradable and contains plant-derived ingredients such as alkyl glycoside from corn fermentation extract. Similarly, in Singapore, Watson’s Personal Care Stores launched Orita-branded laundry detergent with 97% biodegradable ingredients, which includes coconut oil.

    Deepak Nautiyal, Consumer and Retail Commercial Director, APAC and ME at GlobalData, adds: “Consumers seek environmentally friendly packaging as concerns about increasing packaging wastes, which end up in landfills and oceans, polluting the region’s land, water, and air, mounts. Thus, packaging features such as zero plastic packaging, 100% recyclable packaging, and biodegradable packaging are increasingly offered by manufacturers to capitalize on the growing consumer concerns.”

    In line with this, in Malaysia, sustainable detergent brand, The Laundry Pods, introduced its line of bio-enzyme laundry pods with plastic-free packaging. Similarly, in Singapore, Bio-Home branded Laundry Sheet Detergent with completely dissolvable detergent sheets packed in paperboard box was awarded the WorldStar Award at the 2024 Singapore Packaging Star Awards.

    Khan concludes: “Increasing consumer demand for sustainable and ecologically safe options will create new growth opportunities for manufacturers to improve their shares. However, incorporating sustainable aspects, ingredients, and materials in the production process will require more investments. Thereby striking the right balance between increasing production costs and keeping prices competitive while compromising on margins will be challenging for manufacturers.”

    *GlobalData 2024 Q3 Consumer Survey – Asia & Australasia, published in October 2024, included 6,131 respondents

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Speech by SJ at Second Legal Forum on Interconnectivity and Development (English only)

    Source: Hong Kong Government special administrative region

         Following are the closing remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Second Legal Forum on Interconnectivity and Development under the Hong Kong Legal Week 2024 today (November 5):

    Your excellencies, distinguished guests, ladies and gentlemen,

         Thank you very much again for participating in this year’s Second Legal Forum on Interconnectivity and Development. I would first like to express my gratitude to the Commissioner’s Office of China’s Foreign Ministry in the Hong Kong SAR (OCMFA) for co-organising this forum with the Department of Justice (DoJ) of the Hong Kong SAR. OCMFA’s support and contribution are invaluable to the success of this event.

         I would also like to extend my sincere thanks to the Asian Infrastructure Investment Bank (AIIB) and especially to their General Counsel, Mr Alberto Ninio, who delivered an impactful keynote address on promotion of good governance and high-quality development under international law earlier this morning. Hong Kong, China became a member of AIIB in 2017. Our arrangement for secondment of DoJ counsel to the legal department of AIIB in the past few years has been conducive to enhancing our collaboration with AIIB and strengthening the development of Hong Kong international legal and dispute resolution services, especially in the financial fields.

         Following the keynote address from AIIB, the two Panel Sessions examined the critical importance of legal connectivity in our increasingly globalised landscape, as well as its impact across various fields, from international trade and commerce, dispute resolution, sanctions to emerging domains such as the governance of artificial intelligence (AI). The experience and practice of Hong Kong in connecting with high-standard international legal rules provide a good illustration for our discussion. Allow me to reflect briefly on today’s discussions and Hong Kong’s role in these vital developments.

    Cross-border legal connectivity and China’s foreign-related rule of law

         Legal connectivity transcends borders, bringing jurisdictions closer and promoting shared prosperity. As President Xi Jinping has noted, the fundamental purpose of advancing foreign-related rule of law is to better safeguard the interests of the country and the people, promote the progress of international rule of law and the development of a community with a shared future for mankind. China’s institutional opening-up progresses alongside its development of foreign-related legal frameworks. The rule of law forms the foundation of a favourable business environment.

         The first session explored Hong Kong’s evolving legal landscape, where, under the “one country, two systems” framework, it serves as a strategic nexus for trade and commerce and dispute resolution, regionally in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as internationally. In this era of ever-changing global business norms, as China’s institutional opening-up progresses, Hong Kong serves not only as a “super-connector” but also provides unique legal services under its legal and international arbitration framework.

    Rule of law to safeguard sustainable development

         On the importance of the rule of law to mitigate risks and to safeguard Hong Kong’s and national sustainable development, the learned speakers have shared their insights into the global developments in financial sanctions and anti-sanctions, as well as legislative trends on anti-interference in major western countries.

         As AI rapidly advances, it transforms industries and economies in a revolutionary way. This also brings with it complex global regulation and governance issues and related risks. As the final report on this subject by the United Nations Secretary-General appointed panel concludes, “the very nature of the technology itself – transboundary in structure and application – necessitates a global approach”. The discussions on this topic today are timely and relevant as we consider how to safeguard sustainable development in an increasingly inter-connected world with AI.

         As President Xi stressed during the 16th BRICS Summit, “as the world becomes more turbulent, it is even more important to uphold the banner of peace, development, co-operation and win-win outcomes”. It is my sincere hope that the discussions in today’s forum could bring out a spirit of co-operation and collaboration in traditional fields like economy and trade, as well as emerging areas like artificial intelligence, with our sustainable development safeguarded by the rule of law.

    Hong Kong as a global legal and dispute resolution hub

         On co-operation and development, aligned with Hong Kong’s development of “eight centres” as outlined in the National 14th Five-Year Plan, the Department of Justice has taken forward policies to strengthen Hong Kong’s role as a leading legal and dispute resolution hub.

         The staunch support of the Central People’s Government in strengthening the city as a centre for international legal and dispute resolution services in the Asia-Pacific region under the National 14th Five-Year Plan can be demonstrated by the establishment of the International Organization for Mediation (IOMed) Preparatory Office last year. The IOMed Preparatory Office has successfully facilitated the conclusion of negotiations on the Convention on Establishment of the IOMed last month. A decision has also been made by all the negotiating parties that a signing ceremony of the Convention will be held in Hong Kong next year and the IOMed headquarters will also be situated in Hong Kong once the Convention has entered into force.

         As the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation, IOMed is important for the implementation of settling international disputes by peaceful means as set out in the United Nations Charter. Upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services, thereby building Hong Kong as a capital for international mediation.

         Apart from exciting development on IOMed, we also continue to enhance our collaboration with prominent law-related international organisations, such as the International Institute for the Unification of Private Law (UNIDROIT), with which we co-organised this year’s Asia-Pacific International Private Law Summit yesterday. We are also in active discussion with UNIDROIT for the possible establishment of its liaison office in Hong Kong in the near future. These forms of collaborations enable Hong Kong to contribute to and align with international standards, thus enhancing its appeal as a global hub for dispute resolution.

         In addition, with the support of the Central People’s Government and the assistance of the OCMFA, the Department of Justice has put in place programmes to second local legal talents to several law-related international organisations including the UNIDROIT. Through participating in the work of such international organisations, local legal professionals can enhance their knowledge of international legal matters and develop global vision. Nurturing Hong Kong’s legal talents is crucial for the sustainable development of the legal community, for consolidating our position as a leading international legal and dispute resolution services centre and for the long-term development of the rule of law, matters to which the Central Authorities and the HKSAR Government have attached great importance.

    Fostering legal talent: Hong Kong International Legal Talents Training Academy

         Following the announcement in the Chief Executive’s 2024 Policy Address, the Hong Kong International Legal Talents Training Academy will be officially launched on this Friday, Day five of Hong Kong Legal Week. To make good use of Hong Kong’s bilingual common law system and international legal status, the Training Academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talents in regions along the Belt and Road region. It will also provide training for talents in the practice of foreign-related legal affairs for the country, and cultivate legal talents to be familiar with international law, common law, civil law, national legal systems and other legal areas. In future, our Department will make use of this capacity building platform to enable practitioners from different jurisdictions to exchange ideas on promoting the culture of harmony.

    Looking ahead: Hong Kong’s future role as an international legal hub

         Looking to the future, we are reminded of the traditional Chinese saying by Confucius, in Chinese is “å�›å­�和而ä¸�å�Œ and in English “a gentleman seeks harmony, not uniformity”. This philosophy encourages us to pursue a shared vision despite our differences, and is crucial for enhancing interconnectivity and development in building a community of shared future for mankind. In our interconnected world, such harmony through diversity is essential for achieving lasting success and mutual respect across boundaries. Hong Kong’s dedicated efforts in aligning with and contributing to international legal standards, its experience in international dispute resolution, as well as its commitment to legal capacity-building could leave a positive impact as the world navigates through complex challenges. As China moves towards deeper institutional opening-up, Hong Kong has a significant role to play in facilitating international engagement and promoting the progress of international rule of law.

         In closing, my sincere thanks to all speakers, participants, supporting organisations, colleagues at the OCMFA and the DoJ for making this forum a success. I look forward to your support for the Third Legal Forum on Interconnectivity and Development next year. Thank you very much.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Result of the 2-day Variable Rate Reverse Repo (VRRR) auction held on November 05, 2024

    Source: Reserve Bank of India

    Tenor 2-day
    Notified Amount (in ₹ crore) 1,25,000
    Total amount of offers received (in ₹ crore) 70,825
    Amount accepted (in ₹ crore) 70,825
    Cut off Rate (%) 6.49
    Weighted Average Rate (%) 6.49
    Partial Acceptance Percentage of offers received at cut off rate NA

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1430

    MIL OSI Economics –

  • MIL-OSI United Nations: Secretary-General’s message on World Tsunami Awareness Day [scroll down for French version]

    Source: United Nations secretary general

    This year marks the 20th anniversary of the Indian Ocean Tsunami – one of the deadliest disasters in recent history.  More than 230,000 people lost their lives.   

    On this World Tsunami Awareness Day, we honour the victims and recommit to protecting the 700 million people around the world who are at risk from tsunamis.

    The best way to do so is by all partners delivering on the United Nations Early Warnings for All initiative that helps ensure every person on Earth is alerted when tsunamis and other disasters are on the way.

    Education is vital to saving lives, and as this year’s theme reminds us, the participation of children and young people is critical. I urge governments and partners in coastal communities to raise awareness, so children and young people know how and where to evacuate to higher ground.

    Together, let’s ensure people’s futures are not swept away by tsunamis.  Let’s build resilience – now. 

    ***

    Cette année marque le vingtième anniversaire du tsunami survenu dans l’océan Indien, l’une des catastrophes les plus meurtrières de l’histoire récente, qui a coûté la vie à plus de 230 000 personnes.

    En cette Journée mondiale de sensibilisation aux tsunamis, nous honorons la mémoire des victimes et nous renouvelons notre engagement à protéger les 700 millions de personnes dans le monde qui sont menacées par les tsunamis.

    Le meilleur moyen d’y parvenir est que tous les partenaires mettent en œuvre l’initiative « Alertes précoces pour tous » des Nations Unies, qui permet d’alerter chaque personne sur Terre à l’approche de tsunamis ou d’autres catastrophes.

    L’éducation est essentielle pour sauver des vies et, comme le rappelle le thème de cette année, la participation des enfants et des jeunes est cruciale. J’invite les gouvernements et les partenaires dans les zones côtières à sensibiliser les populations, afin que les enfants et les jeunes sachent comment procéder, en cas d’évacuation, pour regagner des zones plus élevées.

    Ensemble, agissons pour que l’avenir de nos semblables ne soit pas balayé par les tsunamis. Renforçons la résilience, maintenant !
     

    MIL OSI United Nations News –

  • MIL-OSI: WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Source: GlobeNewswire (MIL-OSI)

    WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Exhibition accompanied by Ylan Anoufa art sales benefiting foundation for childhood education

    Geneva, Switzerland – November 5, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISe.ART is proud to support Ylan Anoufa’s upcoming “MINDREAMER’ exhibition and new collection of twin phygital art packages. The exhibition is set to premiere November 13 at Geneva-based gallery Gallery Re Source. Proceeds from sale of the packages will benefit Ylan’s foundation for childhood education.

    “MINDREAMER” at Gallery Re Source

    Internationally renowned French contemporary artist Ylan Anoufa captivates the art world with his bold and socially engaged works. For the first time in Switzerland, his creations, including his famous AnoufaBear, will be showcased in the groundbreaking exhibition “MINDREAMER”.

    An Immersive and Interactive Exhibition

    After conquering cities such as New York, Tokyo, Hong Kong, Nice, Marbella, Monaco, and Paris, Ylan Anoufa will unveil “MINDREAMER” in Geneva’s Old Town from November 13, 2024, to February 10, 2025.

    The exhibition will feature several editions of his iconic AnoufaBear, a symbol of unity and strength, alongside a selection of ultra-dynamic and powerful urban and pop art pieces. By pushing the boundaries of traditional art, Ylan invites the public to dive into a universe oscillating between vulnerability and collective strength, while addressing contemporary issues and celebrating the beauty of human diversity.

    Performances, Digital Art, and Education

    As part of the exhibition, Ylan Anoufa will present a live art performance titled “REALOVE,” offering the audience a unique and captivating experience that combines emotion and interaction.

    Additionally, he will unveil his digital creativity through a series of NFT artworks. To further explore the digital realm, Gallery Re Source and WISe.ART will host two conferences dedicated to blockchain and NFTs during the exhibition.

    Committed to passing on his knowledge, Ylan also plans to lead AnoufaBear creation workshops for children at the Gallery, fostering artistic expression and creativity from an early age. “MINDREAMER” promises to be a participatory experience.

    AnoufaBears & The Digital Revolution
    In collaboration with WISeKey subsidiaries WISe.ART and SEALSQ, AnoufaBears are part of an exciting project set to embrace the digital realm of art. Through incorporation of the SEALSQ VaultIC155 semiconductor, a contactless solution designed to ward off counterfeiting, AnoufaBears will boast features like Open Detection and Privacy mode.

    WISe.ART’s CEO Carlos Moreira, commented “We believe in a future where digital assets are as valuable, if not more so, than physical ones. Our mission at WISe.ART is to ensure that this future is authentic, secure, and accessible to all.”

    Ylan Anoufa – An Artist on the Rise

    Ylan Anoufa’s talent continues to make waves in the contemporary art world. In January 2024, he was named Artist of the Year at the WISe.ART Excellence Awards during the prestigious World Economic Forum week in Davos. This accolade comes in addition to being named NFT Artist of the Year, cementing his status as a major player in the digital art world.

    His works, now fetching record prices at auctions, reflect growing interest from collectors and art enthusiasts worldwide. His unique approach and commitment to social causes have earned him increasing international recognition, making him one of the most influential emerging artists of our time.

    Ylan Anoufa is set to participate in several upcoming major international events, including Art Together at the Tel Aviv Museum of Art on November 18, the Telethon on November 30, and Art Basel Miami from December 2 to 15.

    About Gallery Re Source
    Nestled in Geneva’s Old Town, Gallery Re Source is a space dedicated to contemporary art and design, regularly hosting artistic, cultural, and holistic events. The “MINDREAMER” exhibition, enriched with workshops, performances, and conferences, aligns with the co-founders’ vision to make art a living and accessible experience for all.

    Stay connected with Gallery Re Source on social media to follow the latest updates and discover upcoming surprises.

    About Ylan Anoufa: The Maestro Behind AnoufaBears
    Ylan, born in 1980, is an embodiment of perpetual evolution. His art, found across global cities from Paris to Hong Kong, beams with modernity, humour, and a thought-provoking narrative. With a heart that radiates positivity, Ylan’s artwork becomes a vibrant fusion of colour, harmony, space, and form. Combining his stylistic finesse in painting and sculpture, Ylan’s graphics are a testament to his poetic inspiration. His collaborations with music legends like Lenny Kavitz and the Rolling Stones, as well as commercial endorsements with brands such as Porsche and Barbie, further enhance his global statue.

    About WISeKey
    WISeKey is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    About WISe.ART

    Established in September 2020, our marketplace is a forward-thinking digital art platform pioneering the intersection of blockchain technology and artistic and/or visionary creativity. With a strong commitment to democratizing access and ownership to unique innovative products, WISe.ART provides a vibrant marketplace for buying, selling, preserving, and discovering original digital creations. By embracing blockchain and NFT technology, WISe.ART ensures provenance, artist recognition, heritage preservation and secure, transparent transactions.

    WISe.ART platform leverages WISeKey’s strong cybersecurity expertise, digital identity technology. As a part of our mission to empower creators and collectors, the launch of the WISe.ART token marks a significant milestone in our journey. By creating a unique digital currency, we aim to foster an inclusive, engaging, and rewarding ecosystem that transcends traditional boundaries of the art world.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US)
    Contact: The Equity Group Inc.

    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    Katie Murphy

    Tel: +1 212 836-9612 / kmurphy@equityny.com

    		 Gallery Re Source
    Véronika Saporta Tel: +41 78 227 32 70
    Stéphanie Jacob Tel: +41 76 508 03 99
    Instagram.com/lagalleryresource
    lagallery.ch
    info@lagallery.ch
    Gallery Re Source – rue Etienne-Dumont, 5 – 1204 Geneva, Switzerland

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network –

  • MIL-OSI China: Hehe Culture ambassadors honored for promoting cultural exchange

    Source: China State Council Information Office 2

    The 2024 Global Forum on Hehe Culture was held in Taizhou, Zhejiang province, on Saturday. 

    Essam Sharaf (C), former Egyptian prime minister and Orchid Awards recipient, Erik Solheim (R), former U.N. under-secretary-general, and Piet Steel (L), honorary chairman of the Europe-Asia Center and a member of the Board of Directors of Special Olympics, are honored ambassadors of Hehe Culture during a forum in Taizhou, Zhejiang province, on Nov. 2, 2024. [Photo/China.org.cn]
    To honor the contributions of those in promoting Chinese cultural values and facilitating cultural exchange, the forum’s organizing committee named three distinguished global figures as ambassadors of Hehe Culture. They were Essam Sharaf, former Egyptian prime minister and Orchid Awards recipient, Erik Solheim, former U.N. under-secretary-general, and Piet Steel, honorary chairman of the Europe-Asia Center and a member of the Board of Directors of the Special Olympics .
    Launched at the 2023 Global Forum on Hehe Culture, the Cultural Ambassadors of Hehe Culture program is a joint initiative by China International Communications Group, the Publicity Department of the Communist Party of China (CPC) Zhejiang Provincial Committee, the CPC Taizhou Municipal Committee, and the Taizhou municipal government, as part of their efforts to implement the Global Civilization Initiative. Every year, the program honors individuals who champion Chinese traditional culture, foster cultural exchange, and contribute to the building of a community with a shared future for mankind.

    MIL OSI China News –

  • MIL-OSI China: Books explore ancient Greek influences on Asia and emerging Silk Road

    Source: China State Council Information Office 3

    Some 2,100 to 1,800 years ago in what is today’s northwestern Pakistan, the Gandharan civilization produced sculptures of Buddha and other Buddhist figures with the features of Greek gods wrapped in aristocratic robes.

    The Gandhara art persisted until the 7th century and had some influence on the Buddhist sculptures seen in China and other East Asian countries.

    “The Buddhist art of Gandhara has amazed and puzzled modern observers since its rediscovery in the 19th century, for the artists of Gandhara … took imagery and styles that ultimately originated in ancient Greece, and they made them Buddhist and Asian, and thereby introduced them into the later traditions of Chinese Buddhist art,” says Peter Stewart, professor of ancient art and director of the Classical Art Research Centre at the University of Oxford.

    “They, and that story (of Gandhara), are emblematic of the fascinating filaments that run through all the periods and places explored in this publication,” Stewart says, speaking of the six-volume publication of From Mediterranean to the Yellow River: Hellenistic Civilization and the Silk Road, via video during the book’s signing ceremony for the production of an English version at this year’s Frankfurt Book Fair in October.

    Stewart is coeditor of the fourth volume, From Apollo to Buddha: Hellenistic Art and the Silk Road Arts, which deals with the dissemination and fusion of art, and which according to him, “traces Western classical art traditions from its Greek origins, looking at how it was disseminated and transformed in the Hellenistic world, how it became the heritage of the Roman Empire, and how it eventually became deeply embedded in the cultures of Central Asia and the steppe”.

    Stewart is among the 40-odd researchers and contributors from across the world, who spent almost 10 years finishing the interdisciplinary studies, which were published by the Zhonghua Book Company as a series of books containing around 1,500 pictures.

    “The project was vast, but at its heart was a simple proposition — that two distinct areas (the Hellenistic civilization and the Silk Road) of study were intimately connected and could usefully be researched and explained alongside each other,” Stewart says.

    “Hellenistic civilization and the Silk Road seem to be two unrelated research fields, but in fact, there is an intrinsic logical relationship between them,” says Yang Juping, the book’s chief editor and a leading professor of Hellenism at Nankai University.

    Yang says that the vast empire established by Alexander the Great, and the Hellenistic world he created that extended from the Mediterranean to Central Asia and the borders of India, laid the foundation for the opening of the Silk Road later on. Meanwhile, the ambitions of the Han Dynasty (206 BC-AD 220) rulers to manage the western regions of their territory and the “exploration” of Central Asia by Zhang Qian ushered in a new era of cultural exchange and mutual learning between the Chinese and Hellenistic civilizations.

    “The series is one of the first comprehensive studies of the relationship between the Hellenistic civilization and the Silk Road in China and abroad,” Yang says, adding that the perspective the book brings opens up a new field of research, and has allowed the voices of Chinese scholars to be heard on a global stage on matters that were little known or long disputed.

    Each volume has a specific theme, but they are interconnected, and examine the general picture, the historical background, the cities, the currencies and the economic overview of the two areas, along with the Hellenistic heritage in China and along the Silk Road.

    The publishing group Springer Nature will serve as an amplifier of these voices by bringing the series to a wider international audience with an English version.

    “Today, we are not just releasing a book series, but also launching a dialogue that spans continents and centuries,” says Niels Peter Thomas, Springer Nature’s managing director for books.

    Zhang Jihai, deputy editor-in-chief of the Zhonghua Book Company, believes that the series will provide valuable historical references for the Belt and Road Initiative, and be a delight to general readers, providing a glimpse of the overall picture of ancient cultural exchanges between China and the West.

    MIL OSI China News –