Category: China

  • MIL-OSI China: Announcement on Open Market Operations No.120 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.120 [2025]

    (Open Market Operations Office, June 25, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB365.3 billion through quantity bidding at a fixed interest rate on June 25, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB365.3 billion

    RMB365.3 billion

    Date of last update Nov. 29 2018

    2025年06月25日

    MIL OSI China News

  • MIL-OSI China: China allocates 100 million yuan to support flood-hit Guizhou

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

    BEIJING, June 25 — China’s National Development and Reform Commission (NDRC) said Wednesday that it has allocated 100 million yuan (about 13.95 million U.S. dollars) to assist disaster relief efforts in southwest China’s Guizhou Province.

    Guizhou has been affected by a severe flooding disaster, and the national commission for disaster prevention, reduction and relief launched a Level-IV emergency response on Tuesday.

    The fund will be used to restore vital infrastructure and public services in Guizhou, such as roads, flood control systems, hospitals and schools, the NDRC said.

    An additional 100 million yuan has been earmarked for the provinces of Guangdong and Hunan, located in south and central China, respectively, to restore normal production and living order as soon as possible, the NDRC added.

    China has a four-tier emergency response system for flood control, with Level I being the most severe.

    MIL OSI China News

  • MIL-OSI China: China conducts 300B yuan MLF operation to inject liquidity

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

    China’s central bank on Wednesday conducted a 300-billion-yuan (about 41.86 billion U.S. dollars) medium-term lending facility (MLF) operation as it seeks to maintain ample liquidity in the banking system.

    The one-year operation was carried out via fixed quantity and interest rate bidding, according to the People’s Bank of China (PBOC).

    With 182 billion yuan of MLF funds maturing this month, the net injection via MLF alone stood at 118 billion yuan in June.

    Earlier this month, the PBOC also conducted two outright reverse repo operations, injecting a combined net 200 billion yuan. This brings the total net medium-term liquidity injection for June to 318 billion yuan.

    Analysts have noted that with government bond issuance accelerating, sustained liquidity support plays a key role in easing funding volatility and anchoring market expectations. 

    MIL OSI China News

  • MIL-OSI China: China confident in, capable of maintaining rapid economic growth

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

    China is confident in and capable of maintaining rapid economic growth, Chinese Premier Li Qiang said Wednesday.

    Li made the remarks when addressing the opening of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    “Over the years, no matter how the international environment has changed, China’s economy has consistently maintained a good momentum,” Li said.

    He noted that China’s gross domestic product grew by 5.4 percent in the first quarter of 2025 despite facing significantly heightened external shocks this year. “Key economic indicators continued to improve in the second quarter, and I noticed that international institutions have recently raised their expectations for China’s economic growth,” he said.

    “China’s economic development is not about short-term spurts, but sustained progress toward long-term goals,” Li added.

    He also noted that China is moving toward becoming a high-income country as a whole, driven by strong demand for consumption upgrades in the world’s second-largest consumer and import market.

    China is striving to develop itself into a super-sized consumption powerhouse on the solid foundation of a manufacturing powerhouse, the Chinese premier said.

    Li noted that China’s sustained breakthroughs and advances in innovation will inject fresh vitality into global development, helping overcome sluggish economic growth worldwide.

    During the ongoing Summer Davos, World Economic Forum President Borge Brende shared an optimistic outlook on China’s economic prospects.

    “I’m relatively optimistic for the Chinese economy, both in the medium-term and long-term. China has diversified already, but also, China is pivoting from manufacturing of goods to more services and digital trade. We are also seeing a lot of new technologies being applied. China is doing very well on artificial intelligence, on robotics,” he said.

    Former British Prime Minister Tony Blair also highlighted China’s remarkable story of transformation in recent decades, calling on countries to understand and stay engaged with China, rather than isolate it.

    As China continues to grow stronger in the coming decades, Blair emphasized the importance of deepening engagement, with a particular focus on people-to-people exchanges in addition to government and business cooperation.

    Themed “Entrepreneurship for a New Era,” the event, held from June 24 to 26, has attracted over 1,700 leading figures from more than 90 countries and regions to explore how entrepreneurship and emerging technologies can unlock more dynamic and resilient economies. 

    MIL OSI China News

  • MIL-OSI China: Forging win-win partnerships to invigorate global growth

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

    The global economy stands at a crossroads. The pressing question is whether it will slide further into the quagmire of protectionism and uncertainty, or whether all stakeholders can work together to reignite growth by forging win-win partnerships and practicing true multilateralism.

    For decades, free trade has created jobs, delivered affordable consumer goods, improved global welfare, and advanced economic globalization. Yet this trend is encountering a notable rise in trade barriers and trade fragmentation.

    At the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in north China’s Tianjin Municipality, global leaders from government, business, academia and other fields are expected to offer valuable insights into how to address mounting challenges that drag down global growth. It is hoped that such discussions may help shape a resilient and sustainable future for the world.

    This year’s meeting, also known as the Summer Davos, focuses on five areas: outlook on China, investing in people and planet, new energy and materials, industries disrupted and deciphering the world economy.

    The global economy, which has been struggling to recover from the impact of the COVID-19 pandemic, is confronted with a worsening growth predicament — due to the escalation of geopolitical conflicts and policy uncertainty.

    The World Bank’s latest Global Economic Prospects cut the 2025 global economic growth forecast to 2.3 percent, the slowest pace since 2008, apart from two years of outright global recession in 2009 and 2020, respectively.

    Against the backdrop of various headwinds and economic prospects, it is vital to leverage the role of entrepreneurship and innovation in unlocking new growth drivers and forging strong partnerships.

    The new round of sci-tech revolution, featuring intelligent, green and health technologies, has provided opportunities for cultivating new growth areas and new pathways for tackling challenges facing humanity. On Tuesday, the WEF unveiled top 10 emerging technologies of 2025, including collaborative sensing and generative watermarking, which are expected to achieve real-world impact within three to five years and address global challenges.

    The Summer Davos has become an important platform for promoting exchanges between China and the world — and enhancing practical cooperation. The event not only enables participants to share insights, but also provides an opportunity for businesses and investors to secure partnerships.

    This year’s meeting is seeing the highest number of registered participants in recent years, demonstrating the will of all parties in seeking to uphold economic globalization and free trade, as well as their positive attitude toward enhancing economic and trade exchanges and cooperation with China.

    China is committed to multilateralism and free trade. The world’s second-largest economy will continue to provide numerous opportunities for win-win cooperation as it advances modernization. Its technological progress in fields such as new energy and artificial intelligence and commitment to high-standard opening up highlight the dynamism and resilience of the Chinese economy, which is shifting to a growth model driven by consumption and innovation.

    Win-win cooperation and close collaboration are the right paths for exiting the global economic growth predicament and achieving shared development. Through the in-depth exchange of ideas, it is hoped that the 2025 Summer Davos will catalyze new partnerships, contribute innovative solutions to development challenges, and inject much needed stability and certainty into the world. 

    MIL OSI China News

  • MIL-OSI China: Autonomous driving innovation fuels AI reach worldwide

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

    This photo shows a Pony.ai robotaxi at a pick-up point in Nansha District of Guangzhou, south China’s Guangdong Province, March 11, 2025. (Xinhua/Deng Hua)

    On the outskirts of Beijing, a self-driving bus navigated effortlessly through traffic, demonstrating China’s rapidly advancing autonomous driving technology.

    Developed by UISEE, a Beijing-based unicorn, this solution is now expanding beyond Chinese capital’s streets and beginning to make its mark on the global robotaxi industry.

    These “AI drivers” have spread to countries like Singapore, the United Arab Emirates (UAE), Saudi Arabia and Qatar, penetrating industries including energy, heavy industry, pharmaceuticals and chemicals, said Wu Gansha, CEO of UISEE.

    The unmanned buses operate at over 20 airports worldwide, forming a fleet of more than 1,000 autonomous vehicles that have collectively covered 5.8 million kilometers.

    These busy shuttles reflect the rising influence of Chinese companies like UISEE in the autonomous driving sector, as they secure increasing numbers of international contracts thanks to their reliable and innovative technology.

    In addition to buses, UISEE’s diverse fleet includes unmanned retail vehicles, patrol cars, cleaning vehicles, towing tractors and heavy-duty trucks, varying in size and function.

    Equipped with the latest solid-state LiDAR, the autonomous cars achieve 360-degree, blind-spot-free vision, according to Wu. While Tesla relies mainly on vision-based technology, Chinese tech firms are rolling out a multi-sensor data-driven approach globally.

    GOING GLOBAL

    UISEE is not alone in this global push. Last month, Pony.ai, a Guangzhou-based robotaxi service provider, announced a strategic partnership with Dubai’s transport authority.

    Under the partnership, Pony.ai’s robotaxi fleet is scheduled to commence test operations in 2025, with plans to start fully autonomous commercial services in 2026 in Dubai.

    “This partnership is integral to our goal of transforming 25 percent of all journeys in the city into autonomous trips by 2030, reinforcing Dubai’s position as a global leader in autonomous mobility and innovation,” said Ahmed Bahrozyan, CEO of Public Transport Agency at Dubai’s Roads and Transport Authority (RTA).

    To date, Pony.ai, a partner of ride-hailing platform Uber, has obtained Robotaxi licenses in countries such as the United States, the Republic of Korea and Luxembourg.

    Last July, during the signing ceremony of the memorandum of understanding between Pony.ai and Luxembourg authorities, the country’s Minister of the Economy, Lex Delles, described the agreement as “a significant opportunity to advance Luxembourg’s technical capabilities in the smart mobility sector.”

    “We are extending our proven-in-China integrated capabilities of autonomous driving, encompassing R&D, mass production, and commercial operations, globally,” said Pony.ai’s CFO Wang Junhao.

    The UAE is emerging as one of the showcasing grounds for China’s self-driving technology.

    In April this year, WeRide announced its collaboration with Uber and the RTA to launch robotaxi services in Dubai. It came after the Guangzhou-based tech firm secured the first autonomous driving license for the UAE in July 2023. In December last year, WeRide partnered with Uber to officially introduce robotaxi services in Abu Dhabi.

    Also, Baidu’s Apollo Go has inked a deal with the RTA this March to launch autonomous driving tests and services in Dubai, marking its entry into the Middle East. It plans to deploy 100 fully autonomous vehicles in Dubai by the end of 2025 and scale the fleet to at least 1,000 by 2028.

    The global Robotaxi market will grow at a compound annual growth rate of 64.1 percent from 2025 to 2032, according to a market forecast released by Coherent MI early this year.

    TECHNOLOGICAL STRENGTHS

    The global expansion of Chinese autonomous driving companies is partly driven by the country’s “data dividend” and strong government support for developing a self-driving ecosystem.

    With the country’s advantage of a vast population, extensive road networks, diverse and complex driving conditions, and rapidly advancing AI technology, robotaxi startups in China have quickly grown into leading companies in the world.

    Baidu and WeRide were named among the top 10 vendors in the Guidehouse Insights Leaderboard Report on automated driving systems (ADS), published last December, alongside NVIDIA and Waymo.

    They are developing at least Level-4 ADS that can operate without human intervention or supervision, according to research.

    Plus, Chinese authorities have designated at least 20 cities and city clusters as pilot zones for the application of “vehicle-road-cloud” integration for intelligent connected vehicles.

    This extensive road test data has boosted international recognition of China’s robotaxi services.

    “One day, autonomous driving will liberate human hands, and we will endeavor to see ‘AI drivers’ cruising in every corner of the world,” said UISEE’s CEO Wu when he talked about his ambitious plan. 

    MIL OSI China News

  • MIL-OSI China: Walnut trees on plateau bear ecological, economic fruits

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

    On the winding mountain paths, Liu Liping, from the plateau walnut industry research institute of Yangtze University, swiftly removed a label from her coat and carefully attached it to a newly grafted walnut branch.

    Upon her arrival at Gyaca County, Shannan City, southwest China’s Xizang Autonomous Region, in early 2020, she was astonished by the ancient walnut trees scattered throughout the county. A remarkable total of 3,657 millennia-old walnut trees formed a unique ancient walnut grove on the plateau.

    The history of walnut cultivation in Gyaca dates back over 1,000 years. However, despite this rich history, local villagers have long struggled with the absence of scientific cultivation techniques and efficient production methods.

    In the past, villagers didn’t know how to properly plant walnut trees. “We crammed hundreds of trees into a narrow space, making it impossible even to walk through. The walnut trees grew thin and small, and the nuts were unusable,” said Qi Lyu, Party branch secretary of a local village.

    “Without those trees, the riverbanks were just barren land, easily buried by sand when strong winds blew,” Qi said.

    In March 2021, central China’s Hubei Province launched its 2021 to 2025 science and technology pairing assistance program with Xizang. Liu joined the assistance talent team, where she devoted herself to local walnut variety selection, breeding, and cultivation management.

    Liu had visited all 27 walnut-growing villages in Gyaca. “The villagers initially didn’t understand the purpose of our work and were annoyed by our repeated visits,” Liu recalled.

    “Now we welcome Dr. Liu’s visits. She taught us grafting and cultivation techniques, and the grafted walnut trees produce excellent fruit with high yields,” said Goksang, a resident whose family has tended an ancient walnut tree.

    The county’s walnut cultivation has expanded to 520,000 trees across 45,000 mu (about 3,000 hectares), with an annual output of 1,200 tonnes and a total output value exceeding 80 million yuan (about 11.2 million U.S. dollars).

    Six superior walnut trees have been successfully selected, and a 1,000-mu high-quality walnut cultivation demonstration base has been established in Gyaca. Since 2021, over 100,000 walnut trees have been planted along the Yarlung Zangbo River as part of the local ecological corridor project. This project has not only helped stabilize the soil and prevented sandstorms, but also created new income streams for residents, achieving positive ecological and economic outcomes.

    Over 500 villagers have participated in grafting training sessions, including many farmers, said Zhang Rongceng, a grassroots young official, who has been working in Gyaca since 2022.

    Beyond supplying local afforestation and agricultural development, Gyaca’s walnut saplings are also used in the largest afforestation project in Lhasa, the regional capital of Xizang. The project has completed nearly 700,000 mu of afforestation since 2022, with an overall survival rate of around 85 percent.

    Kan Simeng is in charge of an afforestation area of over 3,100 mu, situated at an altitude of over 3,700 meters. He traveled 200 kilometers to Gyaca, where he discovered walnut seedlings that are ideally suited for high-altitude planting.

    “These saplings have a high survival rate, and their robust root systems also effectively stabilize the soil and prevent erosion,” said Kan. Walnut trees have since blanketed mountains near Lhasa. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: e-Channel service extended

    Source: Hong Kong Information Services

    The Immigration Department announced today that the Automated Immigration Clearance e-Channel service will be extended to eligible People’s Republic of China (PRC) passport holders from tomorrow.

    Those aged 11 or above who hold a valid PRC electronic ordinary passport can use the e-Channel service, via face recognition technology, when transiting through Hong Kong to or from another country or territory without prior enrolment for the service. 

    MIL OSI Asia Pacific News

  • Looking forward to present India’s vision for global peace, security at SCO meet: Rajnath Singh

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Wednesday said that he is looking forward to present India’s vision for global peace and security and will also call for joint efforts to eliminate terrorism during the two-day Shanghai Cooperation Organisation (SCO) conclave in Qingdao, China.

    Singh is visiting the port city of Qingdao in eastern Shandong province to attend the SCO Defence Ministers’ meeting from June 25–26, where extensive deliberations are expected on the evolving regional security architecture.

    Rajnath Singh said on X: “Today, June 25, I shall be leaving for Qingdao, China, to take part in the Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meeting. I will have the opportunity to interact with various Defence Ministers on a wide range of issues. Looking forward to presenting India’s vision for global peace and security, and also, calling for joint and consistent efforts to eliminate terrorism.”

    Singh’s visit comes just over a month after Operation Sindoor, under which India conducted targeted airstrikes on nine high-value terrorist infrastructures in Pakistan and Pakistan-occupied Kashmir (PoK), in retaliation for the Pahalgam terror attack.

    This marks the first visit to China by an Indian Union Minister since bilateral relations were severely strained by the military standoff along the Line of Actual Control (LAC) in eastern Ladakh beginning in May 2020.

    Meanwhile, National Security Advisor Ajit Doval is also in China for a meeting of SCO national security advisors.

    According to an official readout, Defence Minister Singh will reaffirm India’s commitment to the SCO’s core principles and objectives, while outlining New Delhi’s vision for enhanced regional cooperation to counter terrorism and extremism.

    In addition to addressing the plenary session, Singh is scheduled to hold bilateral meetings with his counterparts from several participating nations, including China and Russia.

    The Ministry of Defence said: “India attaches special importance to SCO in promoting multilateralism, and fostering political, security, economic, and people-to-people interactions in the region. The SCO adheres to principles of sovereignty, territorial integrity, non-interference in internal affairs, mutual respect, understanding, and equality among member states.”

    China is hosting the conclave as the current chair of the SCO.

    (With inputs from IANS)

  • MIL-OSI Russia: Over 80,000 people evacuated due to severe flooding in southwest China

    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

    GUIYANG, June 25 (Xinhua) — Continuous heavy rainfall and increasing water flows from upstream rivers have caused severe flooding in two counties in southwest China’s Guizhou Province, prompting mass evacuations of local residents.

    As of 2:30 p.m. Tuesday, 48,900 and 32,000 people had been temporarily evacuated in Rongjiang and Congjiang counties, respectively. Both counties have raised their flood emergency response to Level 1, the highest level.

    Rongjiang County, famous for its Qunchao, a rural football league that includes more than 100 township and village teams and attracts fans from all over the country, has been hit by heavy rain since 8 p.m. on Monday. As of 2 p.m. on Tuesday, the water level at a hydrological station on the Duliu River had exceeded the danger mark of 6.68 meters.

    The flooding depth of the football field where the matches of the “Qunchao” are held reached approximately three meters.

    Local resident Long Tian, whose home is near the football field, recalled that when he woke up at 8 a.m. on Tuesday, the water level on the ground floor was already almost waist-deep.

    “The water rose very quickly, so I stayed on the third floor waiting for rescuers. I was transported to a safe place in the afternoon,” Long Tian said.

    Rescue teams, including firefighters and volunteers, deployed boats and other equipment to carry out rescue operations in the two counties.

    As of 4 p.m. on Tuesday, the provincial emergency management department had sent disaster relief supplies, including 30,000 bottles of drinking water and more than 10,000 packages of instant noodles, to the two counties via high-speed rail and highway.

    Also in Guizhou Province, rain-triggered landslides caused part of a bridge on an expressway to collapse in Sandu County. No casualties were reported. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Harbin hosts international scientific conference dedicated to the 80th anniversary of the Victory in the Chinese People’s War of Resistance against Japanese Aggression and the Victory in the World Anti-Fascist War

    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, June 25 (Xinhua) — An international academic conference dedicated to the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War is being held at Heilongjiang University in Harbin, northeast China’s Heilongjiang Province, from June 23 to 25, the Zhongxinshe News Agency reported.

    The event, with the main theme “Archives and the Memory of War Trauma,” brought together experts in archival science and history from China and Russia to discuss the key role of archival documents in recording, preserving and transmitting the memory of war trauma.

    “Archives are faithful witnesses of history, carrying the memory of the trauma caused by war,” said Cui Benqiang, vice-president of Heilongjiang University.

    Yuan Lili, secretary of the Party Committee of the Institute of Information Management of Heilongjiang University, said experts and scholars are discussing the role of archives in preserving and transmitting the memory of war trauma from various aspects, making their contribution to the commemoration of the 80th anniversary of the victory in the World Anti-Fascist War.

    The event also featured speeches from scholars from Blagoveshchensk State Pedagogical University, Heilongjiang Provincial Academy of Social Sciences, Harbin Institute of Technology, the Museum of Crime Evidence of Unit 731, etc. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China is confident and capable of maintaining dynamic economic growth: Premier of the State Council of the People’s Republic of China

    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, June 25 (Xinhua) — Chinese Premier Li Qiang said Wednesday that China is confident and capable of maintaining dynamic growth of the national economy.

    Li Qiang made the remarks while speaking at the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the northern Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping, Mozambique President Exchange Congratulations on 50th Anniversary of Diplomatic Relations

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, June 25 (Xinhua) — Chinese President Xi Jinping and Mozambique President Daniel Chapu on Wednesday exchanged congratulatory messages on the 50th anniversary of the establishment of diplomatic ties between the two countries.

    In the 50 years since the establishment of diplomatic relations, China and Mozambique have trusted and supported each other. The friendship between the two countries remains unshakable despite the changes in the international situation, Xi Jinping noted.

    The Chinese leader expressed his firm belief that bilateral relations will have an even brighter future if both sides adhere to the original aspiration of establishing diplomatic relations and move forward hand in hand.

    Stressing that he attaches great importance to the development of China-Mozambique relations, Xi said he is willing to work with President Shapou to take the anniversary as a new starting point to continue the traditional friendship, deepen mutually beneficial cooperation under the high-quality joint construction of the Belt and Road Initiative and the Forum on China-Africa Cooperation, and write a new chapter of the comprehensive strategic cooperative partnership between the two countries.

    In turn, D. Shapu noted that this anniversary coincides with the 50th anniversary of Mozambique’s independence, which underlines the traditional friendship and brotherhood between the two countries.

    He expressed gratitude to China for its unconditional support during Mozambique’s struggle for independence.

    Mozambique will continue to firmly adhere to the one-China principle, support all efforts of the Chinese government to achieve national reunification, and support the major initiatives proposed by China, the president added.

    D. Shapu said that Mozambique is willing to deepen bilateral relations and expand practical cooperation with China on the basis of mutual respect and win-win cooperation, and jointly safeguard multilateralism and promote world peace, security and prosperity. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Chinese diplomat stresses need to advance political process in Libya

    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

    UNITED NATIONS, June 25 (Xinhua) — China’s Deputy Permanent Representative to the United Nations Sun Lei on Tuesday stressed the need to advance the political process in Libya.

    “Libya has been in a state of political impasse for a long time. Promoting the political process is the key to lasting stability in the country,” the Chinese diplomat said.

    He noted that China supports the active efforts of the UN Secretary-General’s Special Representative for Libya Hannah Tetteh to engage with all parties in the country and her mediation activities to overcome political differences.

    According to Sun Lei, the Advisory Committee of the United Nations Support Mission in Libya (UNSMIL) made recommendations last month to facilitate the holding of the national elections. China hopes that UNSMIL will strengthen consultations with all parties on this issue, fully respect the will of the Libyan people, and reach a broad consensus on holding the national elections.

    China calls on the international community to continue to support the Libyan-led and Libyan-owned process and make effective use of all kinds of resources and tools to support the early completion of the political transition and the achievement of national unity. China is willing to actively participate in the relevant process, Sun Lei stressed.

    He also noted that the security situation in Libya remains fragile. Recent armed clashes in Tripoli have confirmed the fragility of the situation, and ensuring security and stability remains a top priority.

    China is a good friend of Libya, firmly supports the Libyan people’s efforts to safeguard their sovereignty and territorial integrity, and is willing to play a constructive role in achieving long-term peace, development and rejuvenation of the country, the Chinese diplomat added. –0–

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Algernon Yau attends forum in Paris

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau yesterday attended the China Forum, organised by Business France, in Paris, as he wrapped up a week-long visit to France.

    Speaking at the forum, Mr Yau remarked that Asia is currently contributing 60% to global economic growth. He added that Asia, and in particular the Mainland market, presents a unique opportunity for businesses looking to expand their horizons globally.

    He outlined that as a super connector between foreign investors and the Mainland, Hong Kong serves as a perfect springboard for French businesses to tap into the Mainland market.

    Mr Yau said that in 2024 Hong Kong’s total trade amounted to US$1,350 billion, making the city the world’s fifth-largest trading entity. Each year, he added, Hong Kong channels a massive volume of trade between the Mainland and the rest of the world.

    The commerce chief stated that under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), the most liberal free trade agreement ever offered by the Mainland, Hong Kong enterprises and professionals enjoy the most preferential access to the Mainland market. CEPA is “nationality neutral” and does not impose any restrictions on the source of investments.

    Mr Yau encouraged the French business sector to set up companies in Hong Kong as this would allow them to enjoy preferential treatment under CEPA in entering the Mainland market.

    He added that Hong Kong has a simple and low tax system and has no restrictions on the flow of capital.

    In addition to the Mainland market, Mr Yau explained that French businesses can access the Southeast Asian market by using Hong Kong as a base for their regional operations in Asia. He mentioned that Hong Kong is also deepening its trade ties with the Middle East and Association of Southeast Asian Nations countries, and is reaching out to Central Asia to explore new markets.

    Mr Yau stressed that Hong Kong already has strong links with France, adding that the French community is one of the largest and most successful in Hong Kong. He said he believes there is still significant trade potential between Hong Kong and France and that this can bring better synergy and mutual benefits.

    During his stay in Paris, Mr Yau also paid a courtesy call on Minister of the Chinese Embassy in France Chen Dong and briefed him on Hong Kong’s economic and trade situation, including new initiatives such as the reduction of liquor duty.

    Mr Yau also visited the headquarters of Elior Group SA to learn about the company’s operations and business development. He then hosted a dinner for representatives of the France Hong Kong Business Association to interact with local enterprises and exchange views on how to enhance co-operation between Hong Kong and France.

    Before proceeding to Paris, Mr Yau visited a wine cellar in Armagnac and met Armagnac trade representatives to promote Hong Kong’s advantages as a liquor trading hub.

    Mr Yau will depart for Hong Kong today.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Iranian president announces ‘end of the 12-day war’

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

    Iranian President Masoud Pezeshkian on Tuesday announced the “end of the 12-day war” and urged all government bodies and revolutionary institutions to focus all their efforts on reconstruction.

    “Today, after your brave and historic resilience, we witness a ceasefire and the end of the 12-day war imposed on the Iranian nation by the adventurism” of Israel, Pezeshkian said in a message to the Iranian people after the ceasefire came into force.

    “The aggressive enemy failed to achieve its nefarious goals of destroying nuclear facilities and undermining nuclear knowledge, as well as inciting social unrest,” he said.

    In contrast, the collapse of “the false invincibility” of Israel and its allies, along with the extensive destruction of important facilities and centers in the occupied territories, sent a key message to the world that the cost of adventurism against great Iran is exceedingly heavy, he added.

    In a phone call with the President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan on Tuesday, Pezeshkian said that his country is ready to resolve issues within international frameworks and at the negotiating table.

    The United States and Israel seek to create discord and enmity among Islamic countries, he said, noting that Iran is seeking to strengthen unity and peace in the region and considers them a basis for accelerating development.

    On June 13, Israel launched major airstrikes on different areas in Iran, including nuclear and military sites, killing senior commanders, nuclear scientists, and civilians. Iran responded by launching several waves of missile and drone attacks on Israel, inflicting casualties and heavy damage.

    On Saturday, the U.S. Air Force bombed three Iranian nuclear sites of Fordow, Natanz, and Isfahan. In retaliation, Iran on Monday targeted the U.S. Al Udeid Air Base in Qatar with missiles.

    Following Iran’s attack, U.S. President Donald Trump announced that a ceasefire between the two sides would begin around 0400 GMT Tuesday. Both Iran and Israel later confirmed the start of the ceasefire. 

    MIL OSI China News

  • MIL-OSI China: Benfica edge Bayern to top Club World Cup group

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

    Benfica secured the top spot in Group C of the FIFA Club World Cup after a narrow 1-0 win over Bayern Munich in their final group fixture on Tuesday, thanks to a series of crucial saves by goalkeeper Anatoliy Trubin.

    Already assured of a last-16 place after back-to-back wins against Auckland City and Boca Juniors, Bayern needed only a draw to win the group. Head coach Vincent Kompany opted to rotate heavily, making seven changes to the starting lineup. Key players Harry Kane, Michael Olise, Kingsley Coman, and Joshua Kimmich began on the bench, while 19-year-old summer signing Tom Bischof from Hoffenheim made his debut.

    Benfica broke the deadlock in the 13th minute, as Andreas Schjelderup slotted home a Fredrik Aursnes cross from the right wing.

    With no attempt on target in the first half, Kompany brought on Kane, Olise, and Kimmich after the break.

    The substitutes made an immediate impact. Kimmich’s long pass sent Leroy Sane through one-on-one, but his shot was denied by Trubin, who then made another key save to stop Thomas Muller moments later.

    Kimmich nearly leveled the score in the 61st minute with a low strike from outside the box, but Kane was offside while standing in front of the goalkeeper.

    The Bundesliga champion kept up the pressure but couldn’t find the equalizer, as Trubin again denied Sane from close range just minutes before the final whistle.

    Bayern drops to second in the group after the loss and will face Group D winner Flamengo in Miami on Sunday in the last-16. Benfica will host either Chelsea or Esperance de Tunis in Charlotte on Saturday.

    The other Group C match between Auckland City and Boca Juniors in Nashville was suspended due to potential lightning strikes after Christian Gray scored Auckland City’s first goal of the tournament, leveling the score at 1-1.

    MIL OSI China News

  • MIL-OSI China: RB Leipzig appoint Ole Werner as head coach

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

    RB Leipzig have confirmed the appointment of Ole Werner as their new head coach on Tuesday, with the 37-year-old signing a contract that runs until June 2027.

    Werner takes over from interim boss Zsolt Low, who had been in charge since Marco Rose’s departure in March.

    After finishing seventh in the Bundesliga last season and missing out on European qualification for the first time since 2016, Leipzig is hoping Werner can bring fresh momentum and steer the club back to continental competition.

    “Ole is a young, ambitious and extremely motivated coach who brings a clear footballing identity and a strong track record,” said Leipzig’s managing director, Marcel Schafer. “His philosophy fits perfectly with our approach: structured possession, fast transitions, high pressing, tactical flexibility and an aggressive mentality.”

    Werner joins from Werder Bremen, where he spent four seasons. After leading the club to promotion in his first year, he achieved increasingly strong results in the Bundesliga, culminating in an eighth-place finish in 2024-25 – the same as Leipzig.

    His decision not to extend his contract with Bremen sparked speculation, and Leipzig ultimately paid a compensation fee of up to two million euros (about 2.3 million U.S. dollars), including performance-based bonuses.

    Werner’s coaching career began at Holstein Kiel, where he rose from youth coach to first-team manager. He secured Kiel’s position in the second division in his debut season and narrowly missed out on Bundesliga promotion in 2021.

    Speaking about his appointment, Werner said: “RB Leipzig represents bold, attacking football and professional ambition, qualities I value deeply. From the first conversation, it was clear that we shared the same vision. I’m excited to be part of this journey and contribute to the club’s goals.”

    Werner will bring assistants Patrick Kohlmann and Tom Cichon with him to the Red Bulls. His first official match will be in the DFB Cup against lower-tier side Sandhausen in mid-August.

    MIL OSI China News

  • MIL-OSI China: The final stretch: Yang set for NBA draft

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

    Traveling 27,600 kilometers back and forth across the United States to work out with 14 teams over 24 days, China’s NBA prospect Yang Hansen has had a taste of the challenge of trying to make a living in the world’s most competitive basketball league.

    The young center from Qingdao, East China’s Shandong province, is going to find out soon whether his hard work and effort over the past seven weeks have been enough to help open a door to his dream league.

    Yang Hansen (L) of the Qingdao Eagles in action during a 2023-24 season CBA match against the Fujian Sturgeons, Jan. 27, 2024. (Xinhua/Li Ziheng)

    If everything goes well, and in the best case scenario, as predicted by multiple draft analysts in the US, China is expected to celebrate the inauguration of an eighth NBA player on Friday morning (Beijing time), with Yang projected to be picked by a team early in the second round of the 2025 NBA Draft at the Barclays Center in Brooklyn, New York, on June 26.

    It will be a life-changing moment for Yang, who happens to turn 20 on exact the same night, and a major boost for the game’s declining profile in China, due to the retirement of former NBA stars and a recent spate of disappointing national team results.

    Several teams possessing early second-round picks, such as the draft host Brooklyn Nets, Charlotte Hornets and Philadelphia 76ers, are being widely tipped as possible destinations for Yang, who was ranked as the 35th pick in ESPN’s final mock draft, 36th overall by The Athletic and even 29th (first round) by NBA Draft Room.

    The Nets, owned by Joe Tsai, chairman of Chinese e-commerce giant Alibaba, have emerged as the most likely recipient of Yang’s talents, though, with a 36th pick. This makes sense, given the rebuilding franchise’s deep connection with the Chinese market, and the fact that it will play a pair of preseason games with the Phoenix Suns in Macao in October.

    Standing at a towering 7-foot-1(2.16-meters) with an all-around skillset, excellent flexibility and surprising mobility for his size, Yang’s talent, and potential at a young age, is too obvious to ignore. His natural bond with the league’s biggest global fan base, though, has added another advantage, for sure, according to Rich Paul, founder of LA-based agency Klutch Sports Group.

    “He’s going to get the support from home, from all over China. And that, I think, becomes a benefit for the NBA. It really does,” Paul, who signed Yang to his agency in January, said in a Tencent documentary Leap to Infinity.

    Whenever his name is called — on the second night, as expected, or in as a surprising top-30 first-round pick — Yang’s confident that his talent, coupled with the effort he’s made since arriving in the States on May 3 to prepare for the draft, will eventually lead him to the basketball promised land.

    “Measuring the distance to my dream with each and every solid step. I am ready!” Yang posted on his Weibo account on Tuesday, after completing a hectic cross-country US trip to work out with 14 NBA clubs over the past three weeks.

    As a virtual unknown before he landed in the States in early May, Yang significantly raised his stock with impressive performances at last month’s Draft Combine in Chicago and the following Pro Day trial camp in Los Angeles, where NBA scouts and front-office executives gathered to watch and analyze draft prospects.

    Dubbed “Baby Jokic” by his Chinese fans, Yang put his intriguing blend of size, skills and basketball IQ on display under the watchful eyes of club staff, and turned heads during trial workouts with teams curious about the resemblance of his game to the versatile “point-center” role of Denver Nuggets’ three-time league MVP Nikola Jokic.

    He’s definitely made his name now, versus the mysterious big man from China, who was even predicted to go undrafted less than six months ago.

    “He’s someone who popped up there, and they were like: ‘Who’s that who shot the ball well?’ So, whatever they didn’t see, they see it now,” Chris Johnson, Yang’s trainer in the US, said of the impression his protege made at the Pro Day event.

    Despite his current weaknesses in conditioning, strength and speed in defensive rotations, Yang drew confidence of earning a place in the league from his improvement after a productive training program with Johnson.

    “I think my shooting has got sharper, my skills have become better, and I’ve become used to the quick transitions in the American game,” said Yang, who’s played two seasons in the Chinese Basketball Association with his home club Qingdao Eagles.

    In his first year in the CBA, he was named the league’s Defensive Player of the Year and Rookie of the Year, while also making the league’s All-Star team and being named to the Domestic First Team. Yang was again named an All-Star and received First Team honors in the 2024-25 CBA season, where he averaged 16.6 points, 10.5 rebounds, three assists and 2.6 blocks per game in 45 starts, leading the 8th-seeded Eagles into the playoff quarterfinals.

    Off the court, Yang has lived a disciplined life — although he still enjoys playing video games and hanging out with friends — with an absolute focus on his job. His mantra is training, playing and resting.

    “That’s the best kind of kid to have success in the NBA, because there isn’t a lot of complexity. He just stays away from all the distractions, he just plays basketball, gets the rest and is ready for tomorrow,” said Andy Miller, Yang’s American agent with Klutch.

    “That’s the advantage he has. He understands what this is. This is a job and, in order to have success, you have to be the best version of yourself.”

    MIL OSI China News

  • MIL-OSI China: Chinese journeyman reaches Club World Cup

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

    The silence in the Auckland City locker room stretched for 24 suffocating hours after its 10-0 defeat to European giant Bayern Munich in its Club World Cup opener.

    For veteran Chinese winger Zhou Tong and his semiprofessional teammates, it was not just a loss, but a profound reckoning.

    “Although challenging the mighty is an honor, a 10-0 scoreline is a disgrace for any footballer,” Zhou said, the weight of the result palpable, even days later. “Privately, we discussed how we could do better, how to give our all against these giants.”

    Yet, for the 35-year-old, the only Chinese player among the 32 elite clubs in the United States, the burden carries an extra dimension.

    Zhou Tong (front) spent five years with Dalian Aerbin from 2009-2014, during which Dalian was promoted to China’s top-tier league after winning the championship in second-tier league in 2010. (Xinhua/Zhang Chenlin)

    “It’s a heavy burden, but first and foremost, it’s an honor,” Zhou said, reflecting on his unique status representing a nation of billions. “When people talk, it might not be ‘Zhou Tong’, but ‘that player from China’, so, every word, every action, every performance on the pitch needs to project positivity. I demand more of myself.”

    This unexpected chapter, facing Bayern, Benfica and Boca Juniors on soccer’s grandest club stage, began not on a manicured pitch, but over coffee in Auckland.

    In 2023, Zhou and his family moved to New Zealand, primarily for his wife’s studies. Soccer seemed an afterthought until a friend intervened. “He said: ‘It’s a pity you’re not playing.’ My form in 2022 was actually quite good,” Zhou recalled.

    A connection was then made with Auckland City FC. Club president Ivan Vuksich reviewed his CV and requested a meeting. “His sincerity and approachability gave me a lot of motivation,” Zhou said. “Plus, Auckland City plays in the Club World Cup. I wanted to keep playing.” The deal was sealed in the time it takes to drink a coffee.

    Zhou experienced China’s “Golden Yuan Soccer Era”, when he played for clubs like Dalian Aerbin and Tianjin Jinmen Tiger during a time of explosive, unsustainable spending that temporarily raised the Chinese Super League’s (CSL) global profile from the mid-2010s to the early 2020s, but left deep financial and structural problems. For him, New Zealand’s regional Northern League was a stark transition.

    “The sense of disparity is real,” Zhou admitted, contrasting Auckland crowds of “five or six hundred “for crucial Oceania qualifiers with CSL attendances “exceeding 20,000 on average”.

    Yet, his perspective transformed after he had experienced the extremes: FIFA charter jets for the Club World Cup juxtaposed with bumping along in a “500,000-kilometer-old minibus” on potholed roads to play in Vanuatu, a South Pacific nation where “the tallest building was three stories high, and there were no streetlights”.

    “Having seen the splendor and the remotest corners of soccer, I realize its power transcends words or money,” Zhou reflected, his voice gaining intensity. “Soccer connects people, changes lives, opens eyes to the world. That’s its magic, like a universal language.”

    His understanding fuels his dual role as both a player and community coach for Auckland City, where he’s now nurturing the next generation.

    “Tong does a wonderful job,” Vuksich said. “His nature, his personality is just perfect for that. All the young kids he’s involved with, they love him absolutely.”

    Club general manager Gordon Watson echoed the sentiment, describing Zhou as “charismatic, funny and hardworking”, highlighting his calming influence and very positive energy.

    “Tong is approachable, friendly, very patient and very understanding. And he has empathy — a lot of empathy — for children,” Watson specifically noted Zhou’s impact at a coaching clinic at King’s College. “He’s able to communicate (soccer intelligence) in a way that children and youth players can safely understand.”

    This focus on youth development aligns perfectly with the club’s ambitious plans for its Club World Cup windfall, a guaranteed $3.58 million according to FIFA, plus potential win bonuses. Watson detailed a partnership with Mount Roskill Intermediate School, serving a diverse community with many new immigrants.

    “We bring soccer as a tool for holistic development, helping with integration,” Watson explained, adding that the prize money will fund an all-weather pitch with floodlights and an admin building.

    “When it rains and the field is wet, we cannot train. Children do not come to school,” Watson said, outlining the project’s profound social goals to improve attendance, channel energy positively and, ultimately, foster better citizens.

    “It’s got to be long term. Cultural integration happens. We recognize we can play a role,” Watson added.

    For Zhou, coaching offers fresh perspective and pure joy. “The biggest takeaway for me is that I can view soccer from a different angle,” he explained. “The other big one is happiness. Being with kids, 11 or 12 years old, or even eight or nine, they are like blank paper. If they win a match, I’m happier than when I win myself.”

    He sees soccer’s respect embodied even in Bayern’s ruthless efficiency. “At 85 minutes, Thomas Muller was shouting at their young players: ‘Speed up the tempo! Defensive positioning! Quicker passes! Faster transitions!’ They respect soccer, and that means respecting opponents and fans.”

    Facing giants like Bayern laid bare the gulf between the sides, but Zhou found perspective in the fight itself. “The gap was obvious. We focused heavily on defensive training,” he said. “My personal adjustment was to cherish every touch, cherish every attack and defense, treat it like a major exam.”

    While the 10-0 scoreline initially silenced the squad, Zhou stressed their resolve: “For us, we focus on doing our best in every single play.”

    His journey, from the pressures of Chinese soccer to family life in Auckland, and now to this global stage, feels surreal.

    “Life is truly wondrous and unpredictable,” Zhou mused. “Three years ago, I never imagined coming to New Zealand, let alone playing in the Club World Cup. The brave enjoy the world.”

    Defining his career as unpredictable, hard work and the result of stubbornness, Zhou explained the latter: “If I believe something is right, I persist to the end. If I believe something shouldn’t be done, I absolutely won’t do it.”

    This stubbornness also reflects his core: “Pure soccer, and love for it. Whether I become a coach, a club operator, or an event organizer, the essence remains — soccer.”

    MIL OSI China News

  • MIL-OSI China: Xi meets Singaporean PM, calling for boosting China-Singapore cooperation

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

    Chinese President Xi Jinping meets with Singaporean Prime Minister Lawrence Wong, who is on an official visit to China, at the Great Hall of the People in Beijing, capital of China, June 24, 2025. (Xinhua/Yue Yuewei)

    Chinese President Xi Jinping met with Singaporean Prime Minister Lawrence Wong in Beijing on Tuesday.

    Xi congratulated Wong on his second term in office. Noting that this year marks the 35th anniversary of diplomatic relations between China and Singapore, Xi highlighted that the two sides have consistently upheld mutual understanding and respect, which has provided a solid foundation for the stable and healthy development of bilateral relations.

    Cooperation between the two countries has aligned with China’s development priorities at various stages, yielding substantial outcomes such as the Suzhou Industrial Park, significantly contributing to each country’s modernization efforts, and also setting a benchmark for cooperation among regional nations, Xi noted.

    He called on both sides to draw experience and wisdom from the development process of bilateral relations, inherit and carry forward fine traditions, and enable the tree of China-Singapore friendship to thrive and bear abundant fruits.

    Xi emphasized that China and Singapore should firmly grasp the general direction of bilateral friendship, and continuously observe and develop China-Singapore relations from a strategic height and a long-term perspective.

    He called for consolidating the political foundation of China-Singapore friendship, supporting each other’s core interests and major concerns, and enhancing political mutual trust to facilitate the development of bilateral relations.

    China welcomes Singapore’s continued deep engagement in China’s development, Xi said, calling on both sides to promote Belt and Road cooperation, create landmark achievements in areas such as digital economy, green development and artificial intelligence, promote the improvement and upgrading of major projects, and continue to write a new chapter in high-quality cooperation.

    Both sides should encourage frequent people-to-people exchanges to deepen cultural exchanges and cooperation and strengthen the popular support for China-Singapore friendship, Xi said.

    China has always believed that peace, development, cooperation and mutual benefit are the unstoppable trend of the times, Xi said, adding that the world must not revert to hegemonism or be dragged back to the law of the jungle.

    China is willing to work with Singapore to stand on the right side of history and uphold fairness and justice, and jointly advocate for an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Xi added.

    Wong said that Singapore and China share a deep-rooted and enduring friendship, and the two sides have always respected and trusted each other, ensuring the stable development of bilateral relations and close cooperation.

    Singapore will continue to adhere to the one-China policy and oppose “Taiwan independence,” Wong said.

    Singapore stands ready to fully leverage the opportunities brought about by China’s prosperity and development, expand bilateral trade and investment, enhance cooperation in digital economy, artificial intelligence, new energy and other fields, strengthen people-to-people exchanges, and advance Singapore-China relations to new heights, Wong said.

    In the face of a turbulent global landscape, Singapore is willing to strengthen coordination and cooperation with China on regional and multilateral platforms to jointly uphold multilateralism and the international order, Wong added.

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    MIL OSI China News

  • MIL-OSI China: Nation vows to bolster support for scientific, technological innovation

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

    Robotic arms are displayed during the 9th China-South Asia Expo in Kunming, southwest China’s Yunnan province, June 22, 2025. [Photo/Xinhua]

    The country has pledged to step up support for scientific and technological innovation, according to a report submitted on Tuesday to the ongoing session of the Standing Committee of the National People’s Congress, the national legislature.

    The report, prepared by the State Council, China’s Cabinet, outlined how China will intensify efforts to achieve scientific and technological breakthroughs and speed up revolutionary advances, amid increasingly fierce global competition and a growing need to enhance high-quality technological output.

    Key measures include increasing spending on basic research, improving funding mechanisms that combine competitive and stable support, and raising the organizational level of basic research.

    China has achieved steady progress in tackling core technologies, resolving a number of bottleneck issues, the report said. In the integrated circuit sector, the country has strengthened capabilities across the entire industrial chain, from design and manufacturing to packaging and testing.

    As a result, the output of integrated circuits rose by 22.2 percent last year, while exports topped 1.1 trillion yuan ($153.3 billion), a record high.

    The report said future plans will focus on solidifying the role of enterprises in driving innovation by establishing institutional support, including a research and development reserve fund system. Efforts will also be made to deepen industry-university-research collaboration led by enterprises, enabling them to participate in national decision-making and lead major innovation projects.

    The report highlighted the significant progress in developing Beijing, Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area into global innovation hubs. All three ranked among the world’s top five technology clusters in 2024.

    To advance industrial transformation, the report laid out plans for major technological upgrades in manufacturing and large-scale equipment renewal projects. China’s push for intelligent manufacturing has yielded notable outcomes, with the country accounting for more than 50 percent of newly installed industrial robots globally each year, it said.

    Additional priorities include accelerating the development of emerging sectors such as biomanufacturing, quantum technology and embodied artificial intelligence. Large-scale demonstration projects will be launched for new technologies, products and applications.

    The report noted that a growth mechanism for future industries has already been put in place and that the establishment of a national startup investment fund is being accelerated.

    MIL OSI China News

  • Stock market trades higher as geopolitical tensions ease, Sensex up over 400 points

    Source: Government of India

    Source: Government of India (4)

    The Indian benchmark indices opened over 400 points up on Wednesday amid positive global cues, as buying was seen in the IT, auto and pharma sectors in the early trade.

    At around 9.25 am, Sensex was trading 445.6 points or 0.54 per cent up at 82,500.73 while the Nifty added 130.15 point or 0.52 per cent at 25,174.50

    According to analysts, a significant feature of the recent market trend has been its resilience despite major challenges like the West Asian crisis.

    “Even during the short India-Pakistan conflict, the market has been resilient. A significant contributor to this resilience has been FII buying during the crisis,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

    Nifty Bank was up 31.25 points or 0.06 per cent at 56,493.15. The Nifty Midcap 100 index was trading at 58,867.80 after adding 245.40 points or 0.42 per cent. Nifty Smallcap 100 index was at 18,617.85 after climbing 165.10 points or 0.89 per cent.

    Meanwhile, in the Sensex pack, Titan, UltraTech Cement, Trent, HCL Tech, Adani Ports, Tech Mahindra, Tata Steel, PowerGrid, Hindustan Unilever Limited and L&T were the top gainers. Kotak Mahindra Bank, ICICI Bank, BEL, and Axis Bank were the top losers.

    Interestingly, foreign institutional investors (FIIs) have been selling as the Mideast crisis blows over. On the other hand, domestic institutional investors (DIIs) have been sustained buyers in the market, thanks to the continuing inflows into mutual funds, said experts.

    This will impart resilience to the market even when FIIs sell on valuation concerns, they added.

    FIIs were net sellers on June 24, selling equities worth Rs 5,266.01 crore. Meanwhile, DIIs remained buyers, purchasing equities worth Rs 5,209.60 crore.

    In the Asian markets, Japan, China, Seoul and Hong Kong were trading in green. Whereas Bangkok and Jakarta were trading in red.

    In the last trading session, Dow Jones in the US closed at 42,581.78, up 507.24 points, or 1.19 per cent. The S&P 500 ended with a gain of 67.01 points, or 1.11 per cent, at 6,025.17 and the Nasdaq closed at 19,630.97, up 281.56 points, or 1.43 per cent.

    (IANS)

  • MIL-OSI Russia: China aims to become a high-income country: Premier of the State Council of the People’s Republic of China

    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, June 25 (Xinhua) — Chinese Premier Li Qiang said Wednesday that China is aiming to become a high-income country overall as the demand for consumption upgrades in the country is high.

    Li Qiang made the remarks while speaking at the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the northern Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China Ready to Help Solve Problems and Challenges Facing Global Economy — Premier of State Council of China

    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, June 25 (Xinhua) — Chinese Premier Li Qiang said Wednesday that China is willing to do its utmost to help solve complex problems and challenges facing the global economy.

    Li Qiang made the remarks while speaking at the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the northern Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China vows to open markets, improve business environment: Premier

    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, June 25 (Xinhua) — The Chinese government will relentlessly build a first-class internationalized business environment that upholds market principles and the rule of law, and will always keep its doors wide open and sincerely welcome enterprises from all over the world to invest in China and deepen their operations in the Chinese market, Chinese Premier Li Qiang said Wednesday.

    Li Qiang made the remarks while speaking at the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the northern Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI USA: Cramer, Sullivan Introduce Bill to Support Construction of “Golden Dome” Missile Defense System

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    Bill funds modernization of PARCS Radar in Cavalier
    ***Click here for photos.***
    WASHINGTON, D.C. – As the United States’ adversaries have developed and deployed next-generation missile delivery systems; the threat of such strategic weapons has become more complex. Despite this, the U.S. missile defense policy has been severely limited to only staying ahead of rogue threats and accidental or unauthorized missile launches.
    In the face of these emerging and pressing threats, missile defense plays an essential role in identifying, tracking, deterring, and defeating adversary missiles and other threats against the nation. To improve the missile defense capabilities of the United States, U.S. Senator Kevin Cramer (R-ND), chair of the Senate Armed Services Committee (SASC) Airland Subcommittee and co-chair of the Defense Modernization Caucus, was joined by fellow SASC member U.S. Senator Dan Sullivan (R-AK) in introducing the Ground and Orbital Launched Defeat of Emergent Nuclear Destruction and Other Missile Engagements (GOLDEN DOME) Act of 2025. U.S. Representative Mark Messmer (R-IN-08) introduced a companion measure in the House.
    Click here to watch 

    The bill is a sweeping legislative initiative to modernize and expand U.S. missile defense capabilities across all domains to protect the homeland against ballistic, cruise and hypersonic missiles, and drone threats. Specifically, it focuses on enhancing the all-domain awareness of the U.S missile defense system, bolstering the capacity of U.S. missiles and drones to defend against threats from rogue nations as well as near-peer nations, and accelerating the development of new capabilities to keep pace with future threats, particularly from hypersonics and cruise missiles.
    The GOLDEN DOME Act complements President Donald Trump’s executive order directing the implementation of a next-generation missile defense shield for the nation. The president nominated Vice Chief of Space Operations General Michael Guetlein to lead the implementation of the system.
    “Our adversaries have developed more advanced long-range weapons over the last couple of decades, posing a significant threat to our national security,” said Cramer. “We have to act in order to defend against the evolving and complex threat landscape. Senator Sullivan and I introduced the GOLDEN DOME Act to build a layered missile defense system, which protects our homeland from catastrophic attacks from modern missiles. Our bill puts the legislative muscle behind President Trump’s executive order to support his innovative vision of protecting our great nation from current and future threats. The Golden Dome is great for America, great for North Dakota, and great for Alaska. The time is now to prioritize the defense of the United States by modernizing our missile defense infrastructure.”
    “The escalating missile threats we’ve witnessed from the Iranian terrorist regime and the rapidly evolving missile threats from Russia and China demonstrate why we need to develop a robust, modernized missile defense system to protect the entire country—which the GOLDEN DOME Act will do,” said Sullivan. “The three prongs of successful policy in D.C. are presidential leadership, appropriated funding and comprehensive authorizing legislation. We have all three of these elements behind this historic Golden Dome initiative. President Trump has, for years, going back to his first term, driven the vision of a layered, open architecture missile defense system. Congress is stepping up with a down payment appropriation of $25 billion in the reconciliation bill. And now, we are introducing the GOLDEN DOME Act to cement this vision in law. The GOLDEN DOME Act will incorporate space-based sensors and new intercept technologies, significantly expand and modernize existing infrastructure, like the ground-based missile interceptor fields at Alaska’s Fort Greely and North Dakota’s PARCS radar system, and enhance all-domain awareness to counter, detect, track, and defeat potential missile threats. The great State of Alaska has been—and will continue to be—the cornerstone of our missile defense system. I look forward to working with my colleagues in both the House and the Senate to get this important legislation to President Trump’s desk to better secure the homeland.” 
    “In a world where hostile adversaries like Russia and China present an ever-present nuclear threat, America must stand ready to prevent nuclear weapons from harming our citizens,” said Messmer. “The Golden Dome Act fulfills President Trump’s initiative to keep America safe with this state of the art missile defense shield.”
    The GOLDEN DOME Act strengthens the Space Development Agency’s (SDA) independence and accelerates future tranches, which will likely be operated out of Grand Forks Air Force Base. Among other provisions, the bill requires the acceleration of the modernization and digitization of the Perimeter Acquisition Radar Attack Characterization System (PARCS), located at North Dakota’s Cavalier Space Force Station. PARCS is a single-faced, multi-function, UHF-Band, phased-array radar system, which tracks over half of all earth-orbiting objects. The modernization of PARCS improves detection of intercontinental and sea-launched missile threats, as well as improves space domain awareness capabilities.

    This legislation is cosponsored by U.S. Senators John Hoeven (R-N.D.), Tim Sheehy (R-MT), Katie Britt (R-AL), Jim Banks (R-IN), Tom Cotton (R-AR), Marsha Blackburn (R-TN), Tommy Tuberville (R-AL), and Tim Scott (R-SC).
    Click here for bill text. Click here for expanded summary.

    MIL OSI USA News

  • MIL-OSI China: Chinese premier urges constructive actions in global economic, trade cooperation

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

    TIANJIN, June 25 — Chinese Premier Li Qiang on Wednesday called on the international community to take constructive actions in international economic and trade cooperation.

    Li made the remarks when addressing the opening of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    “Constructive actions mean we need to proactively take more practical measures to safeguard free trade and multilateralism and promote the stable development of the world economy,” Li said.

    The premier called for resolving disputes and differences through equal consultations.

    Noting that it is normal for disputes and differences to arise in economic and trade exchanges among countries, the premier said that as long as countries engage in dialogue and consultation based on mutual respect, solutions can always be found.

    The premier also stressed efforts to safeguard the common interests through mutually beneficial cooperation.

    Faced with global challenges, the premier said it is important to strengthen macro policy coordination among countries to ensure the stability of the global industrial and supply chains. He urged closer cooperation among all countries to strengthen the security and resilience of their development.

    Li further said that China will continue to deepen its integration and connectivity with the world market and strengthen industrial collaboration with various countries.

    MIL OSI China News

  • MIL-OSI China: World’s economic, trade landscape undergoing profound change: Chinese premier

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

    TIANJIN, June 25 — Chinese Premier Li Qiang said on Wednesday that the international economic and trade landscape is undergoing a profound change.

    Li made the remarks when addressing the opening plenary of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    The global economic and trade system is becoming increasingly diverse, with the Global South rising rapidly, Li said, noting that while the growth of traditional trade is slowing down, emerging trade has grown against the odds.

    Apart from impact on global institutions and multiplying regional collaborations, the world is also experiencing volatile declines of cross-border investment and growing risks of fragmented production and supply chains, Li added.

    MIL OSI China News

  • MIL-OSI China: China willing to share original technologies, innovative scenarios globally: premier

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

    China willing to share original technologies, innovative scenarios globally: premier

    TIANJIN, June 25 — China is willing to share its original technologies and innovative scenarios with the world, Chinese Premier Li Qiang said Wednesday.

    Li made the remarks when addressing the opening plenary of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    MIL OSI China News