NewzIntel.com

Category: China

  • MIL-OSI Russia: China’s bond market issuance in May totaled nearly 7.2 trillion yuan

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — A total of 7.195 trillion yuan (about 1 trillion U.S. dollars) in debt was issued in China’s bond market in May 2025, according to the latest data from the People’s Bank of China (PBOC, the central bank).

    In particular, the volume of government bond issuance amounted to 1.49 trillion yuan, and local government bonds amounted to 779.44 billion yuan.

    In addition, financial bonds worth 1.22 trillion yuan and unsecured corporate bonds worth 902.27 billion yuan were also issued during the reporting period.

    The balance of funds under trust management in the bond market at the end of May was 187.2 trillion yuan. -0-

    MIL OSI Russia News –

  • MIL-OSI China: CNSA releases Earth, moon images captured by Tianwen-2 probe

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

    This image released by the China National Space Administration (CNSA) shows a view of the Earth captured by the Tianwen-2 probe on May 30, 2025 and post-processed by scientific researchers. [CNSA/Handout via Xinhua]

    The China National Space Administration (CNSA) on Tuesday released images of Earth and the moon captured by the Tianwen-2 probe in orbit.

    The CNSA said that the narrow-field-of-view navigation sensor equipped on the probe recently captured the images of Earth and the moon, demonstrating good functional performance.

    The images released include a photograph of Earth obtained by Tianwen-2 when it was approximately 590,000 kilometers away from the planet, as well as a new photograph of the moon captured when it was about the same distance from the moon. After the images were transmitted back to the ground, they were processed and produced by scientific researchers.

    The Tianwen-2 probe has currently been in orbit for over 33 days, at a distance from Earth exceeding 12 million kilometers, and it is in good working condition, the CNSA said.

    This image released by the China National Space Administration (CNSA) shows a view of the moon captured by the Tianwen-2 probe on May 30, 2025 and post-processed by scientific researchers. [CNSA/Handout via Xinhua]

    China launched its first asteroid sample-return mission, Tianwen-2, on May 29 — an endeavour to shed light on the formation and evolution of asteroids and the early solar system.

    The mission aims to achieve multiple goals over a decade-long expedition: collecting samples from near-Earth asteroid 2016HO3 and exploring main-belt comet 311P, which is farther from Earth than Mars.

    MIL OSI China News –

  • MIL-OSI China: China imposes sanctions on former Philippine senator Francis Tolentino

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

    China decided to impose sanctions on former Philippine senator Francis Tolentino for his egregious conduct on China-related issues and prohibit him from entering the Chinese mainland, Hong Kong and Macao, a foreign ministry spokesperson said on Tuesday.

    For quite some time, driven by selfish interests, a handful of anti-China politicians in the Philippines have made malicious remarks and moves on issues related to China that are detrimental to China’s interests and China-Philippines relations, the spokesperson said.

    The Chinese government is firmly resolved to defend national sovereignty, security, and development interests, the spokesperson noted.

    MIL OSI China News –

  • MIL-OSI China: EU digital legislation not on table in trade talks with US: spokesperson

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

    The digital legislation is not on the table in the trade negotiations between the European Union (EU) and the United States, European Commission spokesperson Thomas Regnier told a briefing Monday.

    Regnier emphasized that European Commission President Ursula von der Leyen has made it clear that EU legislation is not up for negotiation, “and this also includes, of course, our digital legislation,” he said.

    “We’re not going to adjust the implementation of our legislation based on the actions of third countries. If we started to do that, then we would have to do it with numerous third countries,” Regnier added. Nevertheless, the spokesperson said that the Commission remains committed to reaching a trade deal with the United States by July 9.

    The United States has repeatedly criticized the EU’s digital regulations, including the Digital Markets Act (DMA) and the Digital Services Act (DSA), as unfair and has urged the EU to ease oversight of American tech giants.

    In February, the White House warned in a memo that it would consider retaliatory measures if EU regulators targeted American tech firms under the DMA or the DSA.

    Just two months later, in April, the European Commission found that U.S. companies Apple and Meta violated the DMA and issued significant fines against both firms.

    European Commissioner for Trade and Economic Security Maros Sefcovic announced Monday that he will travel to Washington on July 1 to continue efforts toward a U.S.-EU trade deal.

    Bloomberg reported Monday that the EU is willing to accept a trade arrangement with the U.S. that includes a 10 percent universal tariff on many of the bloc’s exports, but wants the United States to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

    The EU is also pushing the United States for quotas and exemptions to effectively lower Washington’s 25 percent tariff on automobiles and car parts as well as its 50 percent tariff on steel and aluminum, according to Bloomberg. 

    MIL OSI China News –

  • MIL-OSI China: US stocks extend gains to conclude first half of 2025

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

    U.S. stocks continued to climb higher on Monday as signs of progress in trade negotiations buoyed investor sentiment, closing out one of the most volatile first halves in recent years.

    The Dow Jones Industrial Average rose 275.50 points, or 0.63 percent, to 44,094.77. The S&P 500 added 31.88 points, or 0.52 percent, to 6,204.95. The Nasdaq Composite Index increased 96.28 points, or 0.47 percent, to 20,369.73.

    Nine of the 11 primary S&P 500 sectors ended higher, with technology and financials leading the advance by rising 0.98 percent and 0.86 percent, respectively. Consumer discretionary and energy lagged behind, falling 0.86 percent and 0.66 percent.

    Monday’s gains came after Canada announced it would withdraw its digital services tax, a move widely seen as an effort to smooth relations with the United States just days after U.S. President Donald Trump declared an end to all trade discussions with Ottawa. The tax, which was set to take effect Monday, would have targeted major tech firms such as Google, Meta, and Amazon.

    Market participants are now looking ahead to the expiration of Trump’s 90-day tariff pause next week. Also on Monday, U.S. Treasury Secretary Scott Bessent said some countries are “negotiating in good faith,” though he warned that tariffs could return to previously announced levels if talks falter.

    Meanwhile, attention turned to the U.S. Senate, where lawmakers began a marathon session to debate amendments to Trump’s proposed 4.5 trillion U.S. dollars tax package. The Congressional Budget Office projected the bill could add 3.3 trillion dollars to the federal deficit over the next ten years.

    Despite the looming tariff deadline and uncertainty surrounding the tax legislation, analysts believe strong equity fundamentals and broader market participation could sustain the recent rally. Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, noted that improving breadth supports the view that gains may continue into the second half of the year.

    “While the market has had much to digest the first six months of 2025, resiliency has prevailed,” Leslie Falconio, head of taxable fixed income strategy at UBS Financial Services, wrote last Friday. “However, we are not out of the woods just yet, as bouts of volatility and pockets of vulnerability are expected in the second half of the year.”

    Among individual movers, Apple surged 2.03 percent after Bloomberg reported the company may integrate AI technology from OpenAI or Anthropic into its Siri voice assistant. Broadcom rose 2.34 percent, while Nvidia, Microsoft, and Meta Platforms posted modest gains. On the downside, Amazon and Tesla fell nearly 2 percent, and Alphabet declined 0.49 percent. 

    MIL OSI China News –

  • MIL-OSI China: Floodwaters recede at birthplace of China’s Village Super League as recovery begins

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

    Rongjiang County in southwest China’s Guizhou Province, widely known as the birthplace of the Village Super League, or Cun Chao, is beginning post-disaster recovery after being hit by two severe floods in less than a week.

    Since June 24, back-to-back floods have inundated large parts of the county, with the Cun Chao stadium – which is situated in a low-lying urban area – submerged twice within five days.

    On June 28, a second wave of flooding struck, prompting local authorities to escalate the flood emergency response from Level IV to the highest Level I within eight hours. As of June 29, floodwaters receded, and reconstruction efforts, including dredging and debris removal, are underway.

    Launched in May 2023, Cun Chao has grown into one of China’s most prominent grassroots football events, attracting international attention for its community spirit and festive atmosphere.

    On the morning of June 29, three excavators and four bulldozers were seen clearing thick layers of sludge from the stadium.

    “As mandated by the command center, we will deploy four large drones for disinfection to restore this place to its former vibrancy soon,” said Xiang Hui, captain of an emergency rescue team.

    Several local footballers who had participated in Cun Chao matches volunteered to help with the cleanup.

    “The thick sludge makes cleanup difficult, but we are doing our utmost,” said Li Faxiong, who has played in several Cun Chao games. Li also invited fans from across China and around the world to return to Rongjiang for matches once recovery is complete.

    “We will be back soon,” said Yang Bin, a local football commentator.

    Yang Shengtao, Party secretary of Zhongcheng Township of Rongjiang, expressed gratitude for the support and resilience shown by the community.

    “I want to say thanks to all who aided us. In China, we are not afraid of any storms or difficulties because we can overcome any challenge as long as we unite as one,” Yang said, adding that he believes Cun Chao will rise again soon. 

    MIL OSI China News –

  • MIL-OSI China: China allocates additional 140 mln yuan for flood relief in Guizhou, Hunan

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

    BEIJING, June 30 — China’s Ministry of Finance on Monday announced the allocation of an additional 140 million yuan (about 19.5 million U.S. dollars) in emergency disaster relief funds for flood-hit Guizhou and Hunan provinces.

    The new allocation follows an earlier disbursement of 160 million yuan on June 23, according to the ministry.

    Since mid-June, both provinces have experienced heavy rainfall and severe flooding. The situation is particularly serious in areas such as Rongjiang and Congjiang in Qiandongnan Miao and Dong Autonomous Prefecture of Guizhou Province, where large numbers of residents have been evacuated, and significant damage has occurred.

    Rongjiang County, widely known as the birthplace of the Village Super League, or Cun Chao, is beginning post-disaster recovery after being hit by two severe floods in less than a week. Since June 24, back-to-back floods have inundated large parts of the county, with the Cun Chao stadium, which is situated in a low-lying urban area, submerged twice within five days.

    The emergency funds will primarily support search and rescue operations, the relocation of affected residents, temporary living assistance, and reconstruction of damaged homes, the ministry said.

    The funds aim to support the affected areas in restoring daily life and economic activity as soon as possible, the ministry added.

    As China is currently in its flood season, the finance ministry said it will strengthen coordination with the Ministry of Emergency Management and other relevant departments to closely monitor developments and promptly allocate relief funds as needed to ensure disaster relief operations and protect people’s lives and property.

    MIL OSI China News –

  • MIL-OSI China: SCO digital economy forum to be held in China, highlighting cooperation

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

    TIANJIN, June 30 — The 2025 Shanghai Cooperation Organization (SCO) Digital Economy Forum will be held in north China’s Tianjin Municipality from July 10 to 11, its organizers announced on Monday.

    Themed “New Bonds in the Digital Economy, New Horizons for Cooperation,” the forum aims to expand new development space for the SCO and ensure digital dividends benefit people across the region.

    Over 600 participants from China and abroad will discuss data circulation and trade, industrial digitalization, digital infrastructure, AI applications, smart cities, and digital talent development — key areas of common interest to SCO members.

    The event is co-organized by the National Data Administration (NDA) and the Tianjin municipal government.

    Speaking at a press conference, Yu Ying, deputy director of the NDA, said that China places great importance on international cooperation on the digital economy.

    Since the establishment of the NDA in October 2023, China has signed memorandums of understanding on digital economy cooperation with 26 countries, including Russia, Brazil, Hungary, Nigeria and Malaysia.

    China has achieved positive progress in developing the digital economy in recent years, with the added value of its core digital economy industries accounting for about 10 percent of its GDP by the end of 2024, Yu said.

    MIL OSI China News –

  • MIL-OSI China: Construction begins on Chinese section of China-Laos 500-kV power interconnection project

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

    Construction begins on Chinese section of China-Laos 500-kV power interconnection project

    KUNMING, June 30 — Construction on the Chinese section of the China-Laos 500-kV power interconnection project officially commenced on Monday. This is another major project in bilateral cooperation following the construction and operations of the China-Laos Railway.

    The Chinese section of the new project consists of a 145-km, 500-kV transmission line stretching from the Dai Autonomous Prefecture of Xishuangbanna in Yunnan Province to Laos, as well as the expansion of a 500-kV transformer substation in the prefecture, according to the Yunnan Power Grid Co., Ltd., which is a subsidiary of the China Southern Power Grid Co., Ltd. (CSG).

    The project is a key initiative outlined in an action plan to build a China-Laos community with a shared future, with completion and the launch of operations scheduled for 2026.

    Once operational, the project is expected to enable a two-way mutual assistance power capacity of 1.5 million kW and to facilitate the transmission of approximately 3 billion kWh of clean electricity.

    Construction on the project’s Lao section began on Feb. 26, with a launch ceremony held in Vientiane.

    The Lao section is being developed by Electricite du Laos Transmission Company Limited, while the Chinese section is being managed by the CSG.

    MIL OSI China News –

  • MIL-OSI China: China completes barrier belt to prevent eastward expansion of its fourth-largest desert

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

    This aerial photo taken on Sept. 6, 2023 shows the Yellow River flowing through Shapotou District in Zhongwei City, northwest China’s Ningxia Hui Autonomous Region. [Photo/Xinhua]

    China on Monday reached a major milestone in desertification control by completing a barrier belt along the southeastern edge of the Tengger Desert in the northwestern Ningxia Hui Autonomous Region.

    In Changliushui village in the city of Zhongwei, workers installed the final row of straw checkerboards, a traditional sand-fixing method, locking the final stretch of shifting dunes in the Ningxia part of the Tengger Desert after a sand control project spanning more than six decades.

    This traditional sand-fixing method involves planting straw in a checkerboard pattern on the desert surface to stabilize sand and prevent wind erosion.

    This new achievement marks the completion of a 153-kilometer-long green barrier belt in Ningxia, which is 10 to 38 kilometers wide.

    Called simply the desert edge-locking project, this approach was designed to fix shifting dunes by planting vegetation belts along the desert’s perimeter, preventing further encroachment.

    Sand control often suffers setbacks as fixed dunes can start to shift again. To prevent this, workers plan to sow grass and desert-adapted shrubs within the checkerboard grid once the rainy season arrives. Once rooted, the vegetation is expected to lock the sand for the long term.

    The belt serves as a natural defense line against the eastward spread of the Tengger Desert, which spans approximately 43,000 square kilometers.

    Zhongwei, located between the Qilian and Helan mountains, is the sole gateway for the Tengger Desert’s eastward expansion. Experts say the barrier will act as a critical ecological buffer that prevents further sand encroachment and protects the Yellow River.

    Lu Qi, chief scientist of the Chinese Academy of Forestry, said the barrier belt can help prevent the desert from further encroaching on farmland, towns, oases and roads, and also significantly reduce the source of sandstorms.

    The construction of the green barrier belt in Ningxia dates back to the 1950s when the straw checkerboard approach was invented to protect the Baotou-Lanzhou Railway, China’s first desert railway.

    Local authorities have worked with research institutions to apply new technologies in sand control, such as artificial cyanobacteria sand crusts and improved straw checkerboards.

    Over the past two years, 2.6 billion yuan of investment has been made in the construction of the green barrier belt, part of China’s Three-North Shelterbelt Forest Program, the world’s largest afforestation program to tackle desertification.

    After generations’ sand control efforts over the past decades, the city has finished desertification control on about 370,000 hectares of land, pushing the desert back by about 25 kilometers.

    “The green barrier belt is not only a means of ecological restoration, but also a key practice of harmonious coexistence between humankind and nature,” said Lu. “It also offers an important reference for the sustainable development of arid areas worldwide.”

    China has taken an active role in global desertification control. Since signing the United Nations Convention to Combat Desertification in 1994, the country has been a leader in halting land degradation and reversing desertification, and has continuously shared sand control experience, technologies and talent abroad.

    In its latest effort, the China-Central Asia desertification control cooperation center, which is based in Ningxia, was inaugurated in June to boost international collaboration.

    “Our goal is to inject more Chinese momentum into global ecological governance and sustainable development,” said Dong Yanbiao, deputy director of the center. He added that the center plans to leverage technology advantages, integrate domestic research and build cooperation networks.

    MIL OSI China News –

  • MIL-OSI China: China advances employment plan for people with disabilities

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

    A job seeker with disabilities learns about recruitment information during a job fair in north China’s Tianjin, March 26, 2025. [Photo/Xinhua]

    The General Office of the State Council recently released a three-year action plan for 2025 to 2027 to improve employment opportunities and public services for people with disabilities.

    The action plan encourages government agencies, public institutions, and enterprises to take the lead in hiring people with disabilities. It also promotes self-employment, flexible work, and assisted employment for people with disabilities. Targeted support will be provided for specific groups, including people with disabilities who are college students, who live in rural areas, or who are visually impaired.

    According to the action plan, a unified digital platform will be developed to integrate disability employment data nationwide, and efforts will also be made to enhance employment services across the country.

    Disability organizations and service institutions are urged to take a more active role in exploring suitable job opportunities and helping people with disabilities increase their income.

    China is home to more than 85 million people with disabilities, accounting for about 6 percent of the total population. From 2022 to 2024, China implemented a similar plan aimed at improving employment and entrepreneurship opportunities for this group.

    MIL OSI China News –

  • MIL-OSI China: China’s aircraft carrier formations return after completing far-sea training

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

    This photo shows a fighter jet taking off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. [Photo/Xinhua]

    China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday.

    The training was conducted in a well-coordinated and systematic manner as the two naval formations advanced into the Western Pacific, collaborated with relevant military forces, and completed a variety of exercises under combat conditions, such as those related to reconnaissance and early warning, counterstrike, maritime assault, air defense, and the day-and-night tactical flight of carrier-based aircraft.

    The training has yielded a series of research achievements for relevant military subjects and significantly boosted the systemic combat capabilities of China’s aircraft carrier formations, following previous dual-carrier drills conducted jointly by the two naval formations last year.

    During the training, certain foreign warships and aircraft repeatedly conducted up-close reconnaissance maneuvers, tracking, and surveillance. The Chinese naval formations maintained high vigilance and responsiveness to combat scenarios, organized multiple flights of carrier-based aircraft, and handled the situation professionally and soundly.

    According to the Chinese navy, as a routine arrangement per its annual plan, the training has effectively tested the joint training results of relevant forces and enhanced their capability to safeguard the country’s sovereignty, security and development interests. 

    1   2   3   4   5   6   7   8   9   10   11   >  

    MIL OSI China News –

  • MIL-OSI China: G7 FMs call for resumption of negotiations on Iran’s nuclear program

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

    The Group of Seven (G7) foreign ministers on Monday called for the resumption of negotiations to reach a comprehensive, verifiable and durable agreement that addresses Iran’s nuclear program.

    In a joint statement on Iran and the Middle East issued by Global Affairs Canada, the foreign ministers called on Iran to urgently resume full cooperation with the International Atomic Energy Agency (IAEA) as required by its safeguards obligations and to provide the IAEA with verifiable information about all nuclear material in Iran, including by providing access to IAEA inspectors.

    “We underscore the centrality of the Nuclear Non-Proliferation Treaty (NPT) as the cornerstone of the global nuclear non-proliferation regime. It is essential that Iran remains party to and fully implements its obligations under the Treaty,” read the statement.

    G7 foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the high representative of the European Union, met in The Hague on June 25 and discussed recent events in the Middle East.

    MIL OSI China News –

  • MIL-OSI China: Iran says death toll from Israeli strikes has risen to 935

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

    This photo taken on June 29, 2025 shows the destruction at Evin Prison after the Israeli airstrike in Tehran, Iran. [Photo/Xinhua]

    The death toll from Israeli attacks on Iran between June 13 and 24 has climbed to 935, including 38 children and 132 women, Iran’s official news agency IRNA reported on Monday.

    Citing figures from the Iranian Legal Medicine Organization, judiciary spokesman Asghar Jahangir said at a press conference in Tehran that some of the women killed were pregnant.

    Israel launched a series of major airstrikes on June 13 targeting nuclear and military sites across Iran, killing senior commanders, nuclear scientists, and civilians, and injuring many others, according to Iranian authorities.

    Iran retaliated with multiple waves of missile and drone attacks on Israeli territory, causing casualties and damage.

    A ceasefire between the two countries was reached on June 24, ending 12 days of fighting.

    MIL OSI China News –

  • MIL-OSI China: Trump signs order ending most sanctions on Syria

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

    A shopkeeper communicates with customers at his stall in a bustling market ahead of the Eid al-Adha in Damascus, Syria, on June 5, 2025. [Photo/Xinhua]

    U.S. President Donald Trump on Monday signed an executive order terminating most sanctions on Syria, the White House said in a fact sheet.

    “The Order removes sanctions on Syria while maintaining sanctions on (ousted former Syrian president) Bashar al-Assad… The Order permits the relaxation of export controls on certain goods and waives restrictions on certain foreign assistance to Syria,” said the White House.

    Following the order, five executive orders that created the existing Syria sanctions program were immediately terminated, while the State Department issued a 180-day waiver of sanctions under the Caesar Act.

    The U.S. Treasury Department already took the first step in lifting sanctions on Syria by issuing a general license, known as GL25, to authorize transactions involving the interim Syrian government, its central bank and state-owned enterprises.

    Sanctions on Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS and their affiliates and Iranian proxies will remain in place, according to White House Press Secretary Karoline Leavitt.

    Under the order, U.S. Secretary of State Marco Rubio is directed to “explore avenues for sanctions relief at the United Nations.”

    Rubio is also directed to review the designations of Syria as a “State On the eighth of December 2024, of Terrorism,” Hay’at Tahrir al-Sham (HTS) as a foreign terrorist organization, and its leader, Syrian interim chief Ahmed al-Sharaa, as a “Specially Designated Global Terrorist.”

    The Trump administration will “continue to monitor progress on key priorities” including steps toward normalizing ties with Israel and helping the United States prevent a resurgence of ISIS, according to the White House.

    Amid the upheaval in the Middle East, Trump told al-Sharaa in Saudi Arabia in May that the United States would lift sanctions and explore normalizing relations as a major policy shift.

    The 54-year Assad’s rule over Syria abruptly ended on Dec. 8, 2024, and days afterward, leaders of HTS, the primary force behind the offensive during Syria’s prolonged 13-year war, formed an interim government. Since then, the new government has scrambled to restore order, rebuild institutions, and reach out to regional and global partners.

    MIL OSI China News –

  • MIL-OSI China: Death toll from Israeli strike on Gaza cafe rises to 34

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

    Injured people are seen near a beachfront cafe destroyed in an Israeli airstrike in Gaza City, on June 30, 2025. [Photo/Xinhua]

    The death toll from an Israeli airstrike on a beachfront cafe in Gaza City has risen to 34, up from an earlier report of 21, Palestinian medical and security sources said on Monday.

    Al-Shifa Hospital said in a brief statement that most of the victims were women and children. The casualties were brought to the hospital following the strike.

    Witnesses said the cafe, located west of the al-Shati refugee camp, was often used by journalists and civilians to access the internet.

    Palestinian security officials and eyewitnesses told Xinhua that an Israeli aircraft fired at least one missile at the site.

    Among the dead was journalist Ismail Abu Hatab, while another journalist, Bayan Abu Sultan, was wounded and is in stable condition, local sources said.

    There was no immediate comment from the Israeli military.

    MIL OSI China News –

  • MIL-OSI China: China grants 3.08B USD QDII quota in financial opening move

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

    The State Administration of Foreign Exchange has recently granted a total of 3.08 billion U.S. dollars in investment quotas to eligible Qualified Domestic Institutional Investors (QDII) to meet the demand for overseas asset allocation, it said Monday.

    The move aims to further support QDII institutions in conducting cross-border investment activities in compliance with laws and regulations. Under the premise of effectively preventing risks, it seeks to meet the reasonable overseas investment demands of domestic residents, the administration said.

    The QDII program is a key institutional arrangement for China’s financial market opening. It allows eligible domestic financial institutions to remit both RMB and foreign currencies abroad within specified quotas to invest in overseas financial markets.

    “Under the current stable and positive conditions in the foreign exchange market, granting quotas at an appropriate time can orderly meet the legitimate investment needs of market participants and contribute to the healthy development of the QDII system,” the administration said.

    The administration said that the quota allocation process comprehensively considers factors such as the asset management scale as well as internal control and compliance of QDII institutions. 

    MIL OSI China News –

  • MIL-OSI China: Beijing launches first China-Europe freight train to cross Caspian Sea

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

    A China-Europe freight train departed from Beijing on Monday, marking the launch of the capital’s first cross-Caspian Sea multimodal freight service.

    The train, loaded with 104 TEUs carrying over 2,300 tonnes of export goods such as auto parts, machinery and books, is bound for Baku, the capital of Azerbaijan. The route employs rail-sea-rail multimodal transport, covering more than 8,000 kilometers and cutting transit times from about 50 days to approximately 15.

    Departing from Fangshan District, Beijing’s southwestern gateway, the train exits China via Horgos Port in northwest China’s Xinjiang Uygur Autonomous Region, travels through Kazakhstan, crosses the Caspian Sea by ferry, and continues by rail to Baku. Some of the cargo will then be distributed to Georgia, Türkiye, Serbia and beyond.

    According to Lu Peng, director of the Fangshan District bureau of commerce, the launch of the route marks a significant step in expanding the diversified corridors of China-Europe freight services originating from Beijing. It will help shape a comprehensive international logistics network combining direct overland routes and rail-sea intermodal transport. 

    MIL OSI China News –

  • MIL-OSI: DRC Medicine Ltd. Announces the Business Combination Agreement with Ribbon Acquisition Corp.

    Source: GlobeNewswire (MIL-OSI)

    Combined Company Expected to be Listed on NASDAQ Global Market

    • DRC Medicine Ltd. (“DRC Medicine” or the “Company”), is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges.
    • The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis.
    • Combined company to have an implied initial pro forma equity value of approximately $422.15 Million, (assuming no redemptions) and the transaction is expected to deliver cash proceeds of around $50.42 Million to DRC Medicine (assuming no redemptions) to fund DRC Medicine’s business and operations, which include devices’ clinical trial and certification.
    • Current DRC Medicine shareholders will retain 100% of their equity and will continue to own approximately 82.91% of the combined company on a pro forma basis, assuming no redemptions by Ribbon’s shareholder.

    Tokyo, June 30, 2025 (GLOBE NEWSWIRE) — DRC Medicine Ltd., an innovative healthcare and biotechnology company based in Tokyo, Japan (“DRC” or the “Company”), announced today that it has entered into a business combination agreement (the “Business Combination Agreement”) with Ribbon Acquisition Corp. (NASDAQ: RIBB) (“Ribbon”), a special purpose acquisition company, DRC Medicine Inc., a Delaware company limited by shares (DRC Medicine) and DRC Merger Inc. (“Merger Sub”), a Delaware company limited by shares and a directly owned subsidiary of DRC Medicine, which would result in DRC Medicine becoming a publicly-traded company (the “Proposed Transaction”).

    DRC Medicine Ltd. is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges. The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis. In addition to medical devices, the Company is developing a pipeline of In Vitro Diagnostic (“IVD”) kits for infectious diseases and allergen detection, combining its world-only cell-free protein synthesis technology leveraging AI powered Apps and is in final negotiation in acquiring an innovative ATP-enhancing drug for Parkinson’s disease drugs development company, the drug is currently in clinical trials. This diverse portfolio is driven by a strong focus on unmet medical needs, AI-assisted discovery, and global healthcare infrastructure transformation. For more information, visit https://drciyaku.co.jp/ and https://drciyaku.jp/.

    Dr. Marumi Okazaki, President & CEO of DRC, said: “This transaction will give us the resources that will enable us to capture the positive trends in our industry. Given the growth of airborne allergens, respiratory diseases and infectious diseases, increasing demand for better respiratory protection mask and faster and a more accurate IVD kits, we intend to invest in more IVD kits paired with AI-powered Apps in achieving universal diagnostics to empower the general public in guarding their health and fight against allergen, respiratory diseases and infectious diseases as well as catapult our research and development, production capabilities to meet the rising demand for better respiratory protection mask and AI-powered IVD kits.”

    Mr. Angshuman (Bubai) Ghosh, Chairman/CEO of Ribbon, said, “This business combination agreement with DRC is a great opportunity to enter into an exciting and accelerating growth healthcare and biotechnology industry. We believe its highly capable and experienced management team with all of the founders with substantial experience in developing innovative technologies, supported by their technology-savvy specialists and R&D team who are committed to pioneering innovations, will enable DRC to continuously innovate and advance their healthcare and biotechnology applications to gain a greater foothold in the global market.”

    Transaction Overview

    As a part of the Proposed Transaction, an intermediate holding company incorporated in Japan (the “Intermediate Co.” will acquire the shares of DRC Medicine, after which the Intermediate Co. will engage in a share exchange transaction with the  shareholders of the Company, such that the Company will become a wholly-owned subsidiary of Intermediate Co. and the shareholders of the Company will become shareholders of DRC Medicine (the “DRC Restructuring”). Following the consummation of the DRC Restructuring and subject to the terms and conditions of the Business Combination Agreement, Ribbon will merge with and into the Merger Sub, with Merger Sub continuing as the surviving company and remaining a wholly owned subsidiary of DRC Medicine.

    The Proposed Transaction implies a pre-money equity value of US$350 million of DRC on a fully diluted basis, and is expected to provide DRC with access to approximately US$50 million cash from Ribbon’s IPO proceeds held in trust, assuming no redemption by Ribbon’s shareholders in connection with the current and future proxy exercises and prior to the payment of any transaction expenses. The parties will cooperate in connection with any financing arrangement the parties seek in connection with the Proposed Transaction.

    Advisors

    A.G.P./Alliance Global Partners serves as the financial advisor and lead capital markets advisor to Ribbon. Geneva Capital Group serves as the financial advisor to DRC. Celine & Partners serves as the legal advisor to Ribbon. Ross Law Group serves as the legal advisor to DRC.

    About DRC Medicine Ltd. 

    Founded in 2007, DRC is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges. The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis . In addition to medical devices, the Company is developing a pipeline of In Vitro Diagnostic (“IVD”) kits for infectious diseases and allergen detection, combining its world-only cell-free protein synthesis technology leveraging AI powered Apps and is in final negotiation in acquiring an innovative ATP-enhancing drug for Parkinson’s disease.

    About Ribbon Acquisition Corp. 

    Ribbon is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While Ribbon intends to conduct a global search for target businesses without being limited by geographic region, certain executive officers and independent directors are based in Hong Kong, and certain executive officers have experience investing in and building businesses in the Asia Pacific region and have a deep understanding of the region’s business environment, regulations, regulatory bodies and culture. Ribbon will not undertake an initial business combination with any company being based in or having the majority of the company’s operations in Greater China. Ribbon is led by Mr. Angshuman (Bubai) Ghosh, Ribbon’s Chief Executive Officer, and Ms. Zhiyang (Anna) Zhou, Ribbon’s Chief Financial Officer.

    Important Additional Information Regarding the Transaction Will Be Filed With the SEC

    This press release relates to the proposed business combination between Ribbon Acquisition Corp. and DRC Medicine Ltd.. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. DRC intends to file a Registration Statement on Form S-4 with the SEC, which will include a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all Ribbon shareholders. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Ribbon and DRC will also file other documents regarding the proposed business combination with the SEC. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF RIBBON ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.

    Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Ribbon and DRC through the website maintained by the SEC at www.sec.gov. The documents filed by Ribbon and DRC with the SEC also may be obtained free of charge upon written request to Ribbon Acquisition Corp., Central Park Tower LaTour Shinjuku Room 3001, 6-15-1 Nishi Shinjuku, Shinjuku-ku Tokyo 160-0023.

    Participants in the Solicitations

    Ribbon, DRC and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from Ribbon’s shareholders in connection with the proposed business combination. You can find information about Ribbon’s directors and executive officers and their interest in Ribbon in Ribbon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was originally filed with the SEC on April 1, 2025. A list of the names of the directors, executive officers, other members of management and employees of Ribbon and DRC, as well as information regarding their interests in the business combination, will be contained in the Registration Statement on Form S-4 to be filed with the SEC by DRC. Additional information regarding the interests of such potential participants in the solicitation process may also be included in other relevant documents when they are filed with the SEC. You may obtain free copies of these documents from the sources indicated above.

    Caution About Forward-Looking Statements

    This press release may contain forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to Ribbon and DRC. These forward-looking statements are based on Ribbon’s and DRC’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including projections of market opportunity and market share, the capability of DRC’s business plans including its plans to expand, the anticipated enterprise value of the combined company following the consummation of the proposed business combination, anticipated benefits of the proposed business combination and expectations related to the terms and timing of the proposed business combination, are also forward-looking statements.

    Although each of Ribbon and DRC believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of Ribbon and DRC cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. These factors are difficult to predict accurately and may be beyond Ribbon’s and DRC’s control. In addition, there will be risks and uncertainties described in the proxy statement/prospectus on Form S-4 relating to the proposed business combination, which is expected to be filed by DRC with the SEC and other documents filed by Ribbon or DRC from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those expressed or implied in the forward-looking statements.

    There may be additional risks that neither Ribbon or DRC presently know or that Ribbon and DRC currently believe are immaterial and that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Ribbon or DRC, their respective directors, officers or employees or any other person that Ribbon and DRC will achieve their objectives and plans in any specified time frame, or at all. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Ribbon or DRC to predict these events or how they may affect Ribbon or DRC. Except as required by law, neither Ribbon nor DRC has any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Ribbon’s and DRC’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination; the outcome of any legal proceedings that may be instituted against Ribbon or DRC, the combined company or others following the announcement of the business combination; the inability to complete the business combination due to the failure to obtain approval of the shareholders of Ribbon or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the ability to meet stock exchange listing standards following the consummation of the business combination; the risk that the business combination disrupts current plans and operations of Ribbon or DRC as a result of the announcement and consummation of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; costs related to the business combination; changes in applicable laws or regulations; Ribbon’s estimates of expenditures and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; the impact of the COVID-19 pandemic; changes in laws and regulations that impact DRC; ability to enforce, protect and maintain intellectual property rights; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Ribbon’s final prospectus dated January 14, 2025 relating to its initial public offering and in subsequent filings with the SEC, including the registration statement on Form S-4 relating to the business combination expected to be filed by DRC.

    No Offer or Solicitation

    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.

    For further queries please contact:

    Geneva Capital Group on behalf of DRC

    Bob Lau, bob.lau@genevagroup.com.sg 

    The MIL Network –

  • MIL-OSI Russia: China to host SCO Forum on Digital Economy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    TIANJIN, July 1 (Xinhua) — The Shanghai Cooperation Organization (SCO) Forum on Digital Economy will be held in north China’s Tianjin City from July 10 to 11.

    The event, entitled “New Ties of the Digital Economy, New Horizons of Cooperation,” will aim to highlight the role of the digital economy as a hub and driving force in creating a new space for the development of the SCO and ensuring the availability of digital dividends for the population of the organization’s member states, the organizers said.

    More than 600 participants from China and abroad are expected to discuss topics of common interest: data circulation and trade, industrial digitalization, digital infrastructure, artificial intelligence applications, smart cities and digital talent development.

    The forum was organized by the State Data Administration (SDA) of the People’s Republic of China and the Tianjin Municipal Government.

    China attaches great importance to international cooperation in the digital economy, Yu Ying, deputy head of the department, said at a press conference on Monday. Since the establishment of the GUD in October 2023, China has signed memorandums of understanding on cooperation in the digital economy with 26 countries, including Russia, Brazil, Hungary, Nigeria and Malaysia.

    In recent years, China has made positive progress in developing its digital economy, with the added value created by key digital industries accounting for 10 percent of the country’s GDP by the end of 2024, Yu Ying said. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese authorities have allocated an additional 140 million yuan to flood-affected provinces of Guizhou and Hunan.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — China’s Ministry of Finance said it has allocated an additional 140 million yuan (about 19.5 million U.S. dollars) to help flood-hit Guizhou Province in southwest China and Hunan Province in central China. Recall that 160 million yuan was allocated for the same purpose from the central disaster relief fund on June 23.

    Since mid-June, both provinces have been hit by prolonged rains that have caused severe flooding. The worst situation has developed in the Rongjiang and Congjiang areas of Qiandongnan-Miao-Dong Prefecture of Guizhou, where there has been a mass evacuation of residents and heavy damage.

    The allocated funds will go primarily to support search and rescue operations, housing affected residents and paying their living expenses during the transition period, as well as repairing damaged homes, the Finance Ministry reported. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Speech by CE at reception in celebration of 28th anniversary of establishment of HKSAR

    Source: Hong Kong Government special administrative region

    ​Following is the translation of the speech by the Chief Executive, Mr John Lee, at the reception in celebration of the 28th anniversary of the establishment of the Hong Kong Special Administrative Region at the Hong Kong Convention and Exhibition Centre this morning (July 1):
     
    Distinguished guests, fellow citizens,

    Today marks the 28th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the third anniversary of the current term of the Government. Over these three years, the Government has forged ahead with reforms to build a safe and stable Hong Kong, and striven to develop the economy and improve people’s livelihood. Our efforts are gradually delivering results.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: ​104th Anniversary of the Founding of the CPC

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    В Китае> Новости>
    Russians. Ori.org.KN | 01. 07. 2025 Font: aaa

    Russians. Ori.org.KN | 01. 07. 2025

    Keywords: 104th Anniversary of the CPC

    视频播放位置

    下载安装 flash 播放器

    Follow China.org.cn on VKontakte, Twitter and Facebook to participate in the conversation/comments.

    Source: russian.china.org.cn

    ​104th Anniversary of the Founding of the CPC 104th Anniversary of the Founding of the CPC

    MIL OSI Russia News –

  • MIL-OSI China: China Coast Guard patrols waters around Huangyan Dao 2025-07-01 09:00:06 The China Coast Guard (CCG) on Monday conducted law enforcement patrols in the territorial waters off China’s Huangyan Dao and surrounding areas.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, June 30 (Xinhua) — The China Coast Guard (CCG) on Monday conducted law enforcement patrols in the territorial waters off China’s Huangyan Dao and surrounding areas.

      In a statement, the CCG said it has been continuously intensifying law enforcement patrols in the territorial waters off Huangyan Dao and surrounding areas in June, carrying out tracking and monitoring, verbal warnings, interception and expulsion operations in accordance with laws and regulations.

      The moves aimed to strengthen the management and control of relevant maritime areas, and firmly safeguard China’s territorial sovereignty and maritime rights and interests, the CCG said. 

    loading…

    MIL OSI China News –

  • MIL-OSI China: China’s two carrier strike groups return to homeports 2025-07-01 08:52:55 China’s two carrier strike groups have recently returned to their home ports after a series of training operations and exercises in the Western Pacific, according to the People’s Liberation Army Navy.

    Source: People’s Republic of China – Ministry of National Defense

      The carrier groups of the Liaoning and Shandong conduct far-sea combat training in recent days. The photo shows the groups carrying out an at-sea replenishment. [Photo by Wang Jian / for China Daily]

      China’s two carrier strike groups have recently returned to their home ports after a series of training operations and exercises in the Western Pacific, according to the People’s Liberation Army Navy.

      The Navy said in a news release on Monday afternoon that the two strike groups, led by the CNS Liaoning and CNS Shandong aircraft carriers, carried out “realistic and systemic” combat training and cooperated with other PLA branches to conduct mock battles.

      Units involved in the exercises performed early-warning, reconnaissance, air and missile defense, fighter deployments, assaults against sea targets and other maneuvers, the release said.

      During the dual-carrier mission, the strike groups explored and verified their tactics and also honed their crews’ skills, effectively improving the flotillas’ combat capabilities, it stated.

      According to the Navy, during the training session, the Chinese vessels had several encounters with foreign warships and aircraft that conducted close-in reconnaissance and surveillance. The groups maintained high alert and were always ready to respond to possible threats. They mobilized carrier-based fighters to establish security perimeters, handling various scenarios professionally and effectively.

      The exercise was the second time that both of the Navy’s carrier strike groups participated in an operation together. The first time was in October, when they conducted a joint combat exercise in the South China Sea.

      Senior Captain Wang Xuemeng, a spokesman for the Navy, said on June 10 in Beijing that the strike groups’ operations were “a part of routine training arrangements set by our annual work plan, and is intended for improving our units’ ability to fulfill their duties. It is in line with the international law and common practice by other navies, and is not targeted at any specific nation or objective”.

      Currently, the Navy operates two aircraft carriers — the CNS Liaoning and the CNS Shandong. Both have a standard displacement of around 50,000 metric tons and a conventional propulsion system, and they use a ski jump system to launch their J-15 fighter jets.

      The country has built a third aircraft carrier — the CNS Fujian, which is the largest and mightiest warship any Asian nation has ever built. It is also the world’s largest non-American aircraft carrier.

      Carrier-based fighter jets take off during far-sea combat training recently conducted by the Chinese navy’s Liaoning and Shandong carrier groups. [Photo by Wang Yuanlin / for China Daily]

    loading…

    MIL OSI China News –

  • MIL-OSI China: China’s aircraft carrier formations return after completing far-sea training 2025-07-01 08:51:30 China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday.

    Source: People’s Republic of China – Ministry of National Defense

    This photo shows a fighter jet taking off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Yuanlin/Xinhua)

    BEIJING, June 30 (Xinhua) — China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday.

    The training was conducted in a well-coordinated and systematic manner as the two naval formations advanced into the Western Pacific, collaborated with relevant military forces, and completed a variety of exercises under combat conditions, such as those related to reconnaissance and early warning, counterstrike, maritime assault, air defense, and the day-and-night tactical flight of carrier-based aircraft.

    The training has yielded a series of research achievements for relevant military subjects and significantly boosted the systemic combat capabilities of China’s aircraft carrier formations, following previous dual-carrier drills conducted jointly by the two naval formations last year.

    During the training, certain foreign warships and aircraft repeatedly conducted up-close reconnaissance maneuvers, tracking, and surveillance. The Chinese naval formations maintained high vigilance and responsiveness to combat scenarios, organized multiple flights of carrier-based aircraft, and handled the situation professionally and soundly.

    According to the Chinese navy, as a routine arrangement per its annual plan, the training has effectively tested the joint training results of relevant forces and enhanced their capability to safeguard the country’s sovereignty, security and development interests. 

    This photo shows a fighter jet taking off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Jian/Xinhua)

    This photo shows the formation conducting replenishment-at-sea. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Jian/Xinhua)

    This photo shows Yan’an missile destroyer. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Jian/Xinhua)

    This photo shows fighter jets on Chinese aircraft carrier Shandong. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Jian/Xinhua)

    This photo shows fighter jets preparing to take off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Hu Xiushuai/Xinhua)

    This photo shows a fighter jet taking off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Yuanlin/Xinhua)

    This photo shows fighter jets on Chinese aircraft carrier Shandong. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Hu Xiushuai/Xinhua)

    This photo shows a fighter jet preparing to take off from an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Hu Xiushuai/Xinhua)

    This photo shows Yuncheng missile frigate. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Jian/Xinhua)

    This photo shows a fighter jet landing on an aircraft carrier. China’s naval formations of two aircraft carriers, Liaoning and Shandong, have completed their far-sea combat-oriented training and safely returned to their home ports, according to the Chinese navy on Monday. (Photo by Wang Yuanlin/Xinhua)

    MIL OSI China News –

  • MIL-OSI China: Xi stresses advancing full, rigorous Party self-governance through forging good conduct

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

    Xi stresses advancing full, rigorous Party self-governance through forging good conduct

    BEIJING, June 30 — Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday underscored efforts to advance full, rigorous Party self-governance through forging good conduct.

    Xi made the remarks while presiding over a group study session of the Political Bureau of the CPC Central Committee.

    The study session was held a day before the founding anniversary of the CPC.

    On behalf of the CPC Central Committee, Xi conveyed festive greetings to all Party members across the country as he spoke after listening to briefings and participating in discussions, which focused on implementing the Party central authorities’ eight-point rules on improving conduct.

    Xi noted that the eight-point rules are the Party’s landmark measure in the new era to exercise self-governance.

    He said since the 18th CPC National Congress in 2012, the CPC Central Committee has upheld strict rules and strong constraints, focused on rectifying undesirable work styles — unnecessary formalities, bureaucracy, hedonism and extravagance — through education campaigns and a series of rectification actions.

    These efforts have improved the overall effectiveness of Party governance and gathered tremendous positive energy for the development of the Party and the country’s cause, Xi said.

    Xi emphasized that advancing Chinese modernization is a formidable task, and the Party faces an exceptionally complex governance environment, making it all the more necessary to maintain a heightened sense of self-reform.

    Leading officials, especially senior cadres, must take the lead in practicing self-reform, Xi added.

    He stressed that advancing self-reform requires strengthening Party spirit, with a focus on firming up ideals and convictions.

    On anti-corruption, Xi said the exercise of power must be well-regulated and resolute efforts must be taken to address disciplinary and legal violations.

    Party conduct and discipline must be turned from strict requirements into concrete actions, allowing ironclad rules to show their “iron teeth,” thus sending a clear signal to the entire Party of unwavering strictness and zero tolerance, creating a strong deterrent effect, Xi said.

    He called on leading officials at all levels to shoulder the responsibility for Party self-governance and urged Party organizations at all levels, in carrying out the education campaign focused on implementing the eight-point rules, to face problems head-on, ensure that rectifications are thoroughly carried out, resolutely curb various unhealthy tendencies, and improve mechanisms to maintain sound Party conduct on a long-term basis.

    MIL OSI China News –

  • MIL-OSI China: China rolls out 10 percent tax credit for foreign investors reinvesting dividends

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

    China rolls out 10 percent tax credit for foreign investors reinvesting dividends

    BEIJING, June 30 — China’s finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a 10 percent corporate income tax credit on direct domestic investments funded by dividends from Chinese resident companies.

    The measure, which takes effect from Jan. 1, 2025 through Dec. 31, 2028, allows unused credits to be carried forward and applies lower rates under existing tax treaties.

    Eligible investors may reinvest dividends in equity capital increases, new resident enterprise establishments, or acquisitions of resident enterprise shares from non-affiliated parties. The industries or sectors in which the invested enterprise operates must be listed in the Catalogue of Encouraged Industries for Foreign Investment.

    Investors can apply retroactively for qualifying reinvestments made between Jan. 1, 2025, and the policy’s announcement date.

    MIL OSI China News –

  • MIL-OSI China: China’s Xinjiang unveils 6 new scenic highway routes to boost tourism

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

    URUMQI, June 30 — Northwest China’s Xinjiang Uygur Autonomous Region has unveiled six new scenic highways, investing 10.7 billion yuan (about 1.5 billion U.S. dollars) to develop 965 km of tourism-focused roads.

    The routes connect diverse landscapes, from snow-capped mountains and grasslands to forests, lakes, deserts and oases, and aim to enhance the region’s “fast entry, slow travel” transportation network and enrich self-driving tourism experiences, according to the regional transport department.

    The newly constructed highways are designed to bridge key attractions across Xinjiang’s vast terrain, where destinations are often widely dispersed, the department said.

    Xinjiang has intensified efforts to build a multidimensional travel network in recent years. Alongside the highways, the region has expanded aviation routes, launched specialty railway circuits like the Taklimakan Desert Loop, and developed iconic tourist roads.

    MIL OSI China News –

  • MIL-OSI China: China grants 3.08 bln USD QDII quota in financial opening move

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

    BEIJING, June 30 — The State Administration of Foreign Exchange has recently granted a total of 3.08 billion U.S. dollars in investment quotas to eligible Qualified Domestic Institutional Investors (QDII) to meet the demand for overseas asset allocation, it said Monday.

    The move aims to further support QDII institutions in conducting cross-border investment activities in compliance with laws and regulations. Under the premise of effectively preventing risks, it seeks to meet the reasonable overseas investment demands of domestic residents, the administration said.

    The QDII program is a key institutional arrangement for China’s financial market opening. It allows eligible domestic financial institutions to remit both RMB and foreign currencies abroad within specified quotas to invest in overseas financial markets.

    “Under the current stable and positive conditions in the foreign exchange market, granting quotas at an appropriate time can orderly meet the legitimate investment needs of market participants and contribute to the healthy development of the QDII system,” the administration said.

    The administration said that the quota allocation process comprehensively considers factors such as the asset management scale as well as internal control and compliance of QDII institutions.

    MIL OSI China News –