Category: China

  • MIL-OSI Russia: Chinese Foreign Ministry: China welcomes Vietnam’s accession to BRICS as a partner country

    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 16 (Xinhua) — China welcomes Vietnam’s accession to BRICS as a partner country, Foreign Ministry spokesperson Guo Jiakun said Monday.

    The diplomat made the statement at a regular press conference when he was asked to comment on the news that Brazil, which holds the BRICS presidency, announced on Friday that it had officially accepted Vietnam as a partner country of the group.

    China welcomes Vietnam’s entry into BRICS as a partner country, Guo Jiakun said, adding that Vietnam’s participation in BRICS cooperation will not only benefit its own development, but also serve the common interests of BRICS countries and the Global South.

    “We believe that Vietnam will make a positive contribution to the BRICS mechanism,” the Chinese Foreign Ministry spokesman added.

    The new partner in the BRICS family marks a further expansion of the mechanism’s representativeness and underlines its attractiveness and influence, Guo Jiakun said.

    China stands ready to work with other BRICS member countries and partners to build a more comprehensive, close, pragmatic and inclusive partnership that promotes high-quality development of “BRICS Plus” cooperation, so as to make greater contributions to upholding multilateralism, safeguarding fairness and justice, and promoting common development, he said. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Chinese President Xi Jinping arrived in Astana to attend the second China-Central Asia summit /more details/

    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

    Astana, June 16 (Xinhua) — Chinese President Xi Jinping arrived in the capital of Kazakhstan on Monday to attend the second China-Central Asia Summit.

    He was met at the airport by the President of Kazakhstan Kassym-Jomart Tokayev and other high-ranking officials of the country.

    After Xi Jinping’s special flight entered Kazakhstan’s airspace, it was accompanied by fighter jets from the country’s Air Defense Forces.

    Teenagers and children holding national flags of China and Kazakhstan warmly welcomed the Chinese leader.

    Accompanied by K.-Zh. Tokayev, Xi Jinping walked around the guard of honor. Helicopters with flags of both countries flew over the airport. In the VIP lounge of the airport, the heads of the two states also watched performances by Kazakh teenagers and children. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China’s employment growth remained stable in May amid policy support

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, June 16 (Xinhua) — China’s urban unemployment rate stood at 5 percent in May, down 0.1 percentage point from the previous month, data from the National Bureau of Statistics showed Monday.

    According to the National Statistical Office, the average unemployment rate in Chinese cities and towns in the first five months of this year was 5.2 percent.

    “The unemployment rate among major working groups remained stable, and the youth unemployment rate fell for the third month in a row, reflecting the continued stability of the overall labor market,” NBS spokesperson Fu Linghui said at a press conference.

    Fu Linghui noted that despite the growing uncertainty in the global environment, which has put pressure on the demand for labor from enterprises, the country’s employment situation remains generally stable. He attributed the stability in China’s labor market to a combination of factors including the steady growth of the national economy, the improvement of industrial development dynamics, and policy support for employment stabilization.

    More proactive macro policies have expanded domestic demand and eased external pressures, Fu Linghui said, highlighting the positive role that the trade-in program and holiday spending played in supporting employment.

    Looking to the future, Fu Linghui stressed the need to strengthen vocational training and optimize the coordination of labor supply and demand to promote full employment, thereby improving people’s well-being, promoting stable and healthy economic development, and ensuring the maintenance of social stability. -0-

    MIL OSI Russia News

  • MIL-OSI: SKYCORP SOLAR GROUP SHOWCASES ADVANCED PV Cable and CONNECTION SOLUTIONS AT SNEC 2025

    Source: GlobeNewswire (MIL-OSI)

    Ningbo, China, June 16, 2025 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, highlighted its latest innovations at the 18th SNEC International Photovoltaic Power Generation and Smart Energy Conference & Exhibition. From June 11-13, 2025, its subsidiary, Ningbo Pntech New Energy Co., Ltd. (“PNTECH”), introduced advanced photovoltaic connection solutions, drawing substantial industry attention and reinforcing its position in renewable energy cable development.

    Commitment to Technological Advancement

    As an Asian new energy cable comoany listed in the U.S., Skycorp Solar Group has consistently invested in research and development, with over RMB100 million ($14 million) dedicated to innovation over the past 14 years. This focus has led to 47 patented technologies, including proprietary XLPE modified polymer insulation materials designed for enhanced durability in extreme temperatures (-40°C to +90°C). The Company also utilizes 99.97% pure tin-plated oxygen-free copper conductors, supporting long-term performance exceeding 25 years in demanding applications.

    “Our MC4 series connectors integrate a dual-seal design, minimizing contact resistance by 20% compared to conventional models while achieving an IP68 protection rating,” said Weiqi Huang, CEO of Skycorp Solar Group. “Additionally, our specialized connectors for the energy storage sector incorporate phosphorus-nitrogen flame-retardant technology that meets UL94 V-0 standards, providing a reliable solution for photovoltaic and energy storage applications.”

    Proven Solutions for Global Energy Projects

    Skycorp Solar Group’s technologies have been deployed in multiple international projects. The Company provides key components for Germany’s 15MW distributed photovoltaic system (utilizing TÜV-certified cables), Australia’s 120MW solar-plus-storage project (compliant with AS/NZS 5033:2024 standards), and Poland’s 48MW agrivoltaic installation, demonstrating compliance with global industry standards (featuring patented anti-UV technology).

    In China, PNTECH supplies cables and connectors for local government projects, where its patented “6-in-1” technology supports a photovoltaic curtain wall system producing 300,000 kWh annually. Longstanding collaborations with industry leaders further reflect the Company’s strong market presence.

    Production Capabilities and Industry Certifications

    Operating across more than 140 countries and regions, Skycorp Solar Group continues to advance its manufacturing capacity. Since 2022, the Company has expanded to six photovoltaic cable production lines and eight connector manufacturing lines, supported by a newly established 16,000-square-meter smart factory. Annual supply capacity for photovoltaic projects has reached 9.3GW, with cable shipments exceeding 100 million meters.

    “Our product lineup, showcased at SNEC booth 7.2H-C120, demonstrates exceptional performance and reliability,” said Jimmy Sheng, Global Sales Director of PNTECH. “All solutions adhere to international standards, which are compliant with certifications including TÜV, IEC, CE, and CQC.”

    Future Outlook and Investment Value

    “The global shift toward renewable energy is accelerating, with interconnection systems playing a vital role in efficiency and safety,” said CEO Huang. “At Skycorp, we integrate materials science and electrical engineering to enhance photovoltaic connection standards and support this transition.”

    “Skycorp plans to allocate over 8% of annual revenue to R&D, advancing from traditional connections to intelligent solutions. With 47 patents, a growing international footprint (30%+ overseas orders), a robust 9.3GW annual supply capacity, and strong industry collaborations, the Company remains focused on delivering long-term value in the evolving energy landscape,” he said.

    About Skycorp Solar Group Limited

    Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

    The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/.

    Forward-Looking Statement

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:
    Skycorp Solar Group Limited
    Cathy
    Investor Relations
    Email: ir@skycorp.com
    Tel: +86 185 0252 9641 (CN)

    WFS Investor Relations Inc.
    Connie Kang
    Partner
    Email: ckang@wealthfsllc.com
    Tel: +86 1381 185 7742 (CN)

    The MIL Network

  • MIL-OSI China: China’s consumer spending grows at faster pace on policy support

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

    BEIJING, June 16 — China’s consumer spending in May posted its strongest growth in nearly one and a half years, as the country’s supportive policies helped boost consumption and economic activity.

    The retail sales of consumer goods, a major indicator of China’s consumption strength, grew 6.4 percent year on year in May, accelerating from a rise of 5.1 percent registered in April and marking the fastest growth since December 2023, according to the National Bureau of Statistics (NBS).

    From January to May, the retail sales of consumer goods rose 5 percent year on year, also accelerating from the 4.7 percent growth in the first four months, according to the NBS.

    Factors supporting consumption growth in May included the government’s consumer goods trade-in program, the “618” shopping festival that began in May this year, and the expansion of the country’s visa-free entry policy, NBS spokesperson Fu Linghui told a press conference on Monday.

    The combined retail sales of consumer goods related to trade-ins grew rapidly. In breakdown, sales of household appliances, audio-visual equipment, communication devices, cultural and office supplies and furniture surged by as much as 53 percent year on year in May, contributing 1.9 percentage points to the overall increase in total retail sales of consumer goods, Fu noted.

    The country’s online retail sales maintained solid growth, with that of physical goods expanding 6.3 percent year on year during the first five months, accounting for 24.5 percent of the total retail sales.

    Fu said that China’s economy has maintained steady momentum, with the consumption market showing increased vitality as the benefits of the consumer goods trade-in program continue to take effect.

    China’s economy grew by 5.4 percent year on year in the first quarter of 2025, up from the 5 percent full-year growth rate recorded in 2024. Economic data for the second quarter and the first half of the year is scheduled to be released on July 15.

    Monday’s data also showed that China’s industrial production and fixed-asset investment maintained steady growth from January to May, while the pace of home price declines in major cities continued to ease in May.

    Looking ahead, Fu said he expects new drivers of growth to emerge in China’s consumption sector, but emphasized that further efforts are needed to strengthen consumers’ purchasing power and confidence.

    MIL OSI China News

  • Seeking unity, G7 meets amid escalating Ukraine, Middle East conflicts

    Source: Government of India

    Source: Government of India (4)

    Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

    The G7 leaders from Britain, Canada, France, Germany, Italy, Japan and the U.S., along with the European Union, are convening in the resort of Kananaskis in the Canadian Rockies until Tuesday.

    But beyond the serene and picturesque mountain setting, they confront challenges. The first five months of Trump’s second term upended foreign policy on Ukraine, raised anxiety over his closer ties to Russia and resulted in tariffs on U.S. allies.

    With an escalating Israel-Iran conflict, which is spiking global oil prices, the summit in Canada is seen as a vital moment to try and restore a semblance of unity between democratic powerhouses.

    “The most important goal will be for the world’s seven largest industrial nations to reach agreement and take action,” German Chancellor Friedrich Merz said before attending his first G7.

    That will not be easy. After years of consensus, the traditional allies have scrambled to keep Trump engaged and maintain unity.

    Canada has abandoned any effort to adopt an all-encompassing comprehensive communique to avert a repeat of a 2018 summit in Quebec, when Trump instructed the U.S. delegation to withdraw its approval of the final communique after leaving.

    Instead, Ottawa has sought to get consensus for a chair’s statement that summarizes the key discussions and six other pre-negotiated declarations on issues such as migration, artificial intelligence and forest fires.

    Talks on Monday will centre around the economy, advancing trade deals, and China.

    Efforts to reach an agreement to lower the G7 price cap on Russian oil even if Trump decided to opt out have been complicated by the surge in oil prices since Israel launched strikes on Iran on June 12, two diplomatic sources said.

    The escalation between the two regional foes is on the agenda, with diplomatic sources saying they hope to achieve at least a joint statement to urge restraint and a return to diplomacy.

    “We are united. Nobody wants to see Iran get a nuclear weapon and everyone wants discussions and negotiations to restart,” France’s President Emmanuel Macron told reporters in Greenland on Sunday before travelling to Canada.

    He added that given Israel’s dependence on U.S. weapons and munitions, Washington had the capacity to restart negotiations.

    Trump said on Sunday many calls and meetings were taking place to broker peace.

    RUSSIAN ELEPHANT IN THE ROOM

    Highlighting the unease among some of Washington’s allies, Trump spoke on Saturday with Russian President Vladimir Putin and suggested the Russian leader could play a mediation role.

    Macron dismissed the idea, arguing that Moscow could not be a negotiator because it had started an illegal war against Ukraine.

    A European diplomat said Trump’s suggestion showed that Russia, despite being kicked out of the group in 2014 after annexing Crimea, was very much on U.S. minds.

    “In the eyes of the U.S., there’s no condemnation for Ukraine; no peace without Russia; and now even credit for its mediation role with Iran. For Europeans, this will be a really tough G7,” the diplomat said.

    Ukraine’s President Volodymyr Zelenskiy and NATO Secretary General Mark Rutte will attend the summit on Tuesday. European officials said they hoped to use the meeting, and next week’s NATO summit, to convince Trump to toughen his stance on Putin.

    “The G7 should have the objective for us to converge again, for Ukraine to get a ceasefire to lead to a robust and lasting peace, and in my view it’s a question of seeing whether President Trump is ready to put forward much tougher sanctions on Russia,” Macron said.

    (Reuters)

  • Seeking unity, G7 meets amid escalating Ukraine, Middle East conflicts

    Source: Government of India

    Source: Government of India (4)

    Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

    The G7 leaders from Britain, Canada, France, Germany, Italy, Japan and the U.S., along with the European Union, are convening in the resort of Kananaskis in the Canadian Rockies until Tuesday.

    But beyond the serene and picturesque mountain setting, they confront challenges. The first five months of Trump’s second term upended foreign policy on Ukraine, raised anxiety over his closer ties to Russia and resulted in tariffs on U.S. allies.

    With an escalating Israel-Iran conflict, which is spiking global oil prices, the summit in Canada is seen as a vital moment to try and restore a semblance of unity between democratic powerhouses.

    “The most important goal will be for the world’s seven largest industrial nations to reach agreement and take action,” German Chancellor Friedrich Merz said before attending his first G7.

    That will not be easy. After years of consensus, the traditional allies have scrambled to keep Trump engaged and maintain unity.

    Canada has abandoned any effort to adopt an all-encompassing comprehensive communique to avert a repeat of a 2018 summit in Quebec, when Trump instructed the U.S. delegation to withdraw its approval of the final communique after leaving.

    Instead, Ottawa has sought to get consensus for a chair’s statement that summarizes the key discussions and six other pre-negotiated declarations on issues such as migration, artificial intelligence and forest fires.

    Talks on Monday will centre around the economy, advancing trade deals, and China.

    Efforts to reach an agreement to lower the G7 price cap on Russian oil even if Trump decided to opt out have been complicated by the surge in oil prices since Israel launched strikes on Iran on June 12, two diplomatic sources said.

    The escalation between the two regional foes is on the agenda, with diplomatic sources saying they hope to achieve at least a joint statement to urge restraint and a return to diplomacy.

    “We are united. Nobody wants to see Iran get a nuclear weapon and everyone wants discussions and negotiations to restart,” France’s President Emmanuel Macron told reporters in Greenland on Sunday before travelling to Canada.

    He added that given Israel’s dependence on U.S. weapons and munitions, Washington had the capacity to restart negotiations.

    Trump said on Sunday many calls and meetings were taking place to broker peace.

    RUSSIAN ELEPHANT IN THE ROOM

    Highlighting the unease among some of Washington’s allies, Trump spoke on Saturday with Russian President Vladimir Putin and suggested the Russian leader could play a mediation role.

    Macron dismissed the idea, arguing that Moscow could not be a negotiator because it had started an illegal war against Ukraine.

    A European diplomat said Trump’s suggestion showed that Russia, despite being kicked out of the group in 2014 after annexing Crimea, was very much on U.S. minds.

    “In the eyes of the U.S., there’s no condemnation for Ukraine; no peace without Russia; and now even credit for its mediation role with Iran. For Europeans, this will be a really tough G7,” the diplomat said.

    Ukraine’s President Volodymyr Zelenskiy and NATO Secretary General Mark Rutte will attend the summit on Tuesday. European officials said they hoped to use the meeting, and next week’s NATO summit, to convince Trump to toughen his stance on Putin.

    “The G7 should have the objective for us to converge again, for Ukraine to get a ceasefire to lead to a robust and lasting peace, and in my view it’s a question of seeing whether President Trump is ready to put forward much tougher sanctions on Russia,” Macron said.

    (Reuters)

  • MIL-OSI Economics: Luis de Guindos: Interview with Reuters

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Balázs Korányi and Francesco Cánepa on 12 June 2025

    16 June 2025

    President Lagarde said the ECB was in a good place now. Investors and ECB watchers took that to mean a pause in rate cuts is appropriate. Was that the correct interpretation?

    The projections provide the key to understanding our policy decision. It’s almost a cliché now but the level of uncertainty is huge. So much so, we published alternative scenarios. The key differences in the scenarios relate to trade policy. In the baseline, we assume no retaliation and a 10% tariff. In the adverse scenario, we assume higher tariffs and retaliation.

    The final outcome in trade negotiations is by far the most relevant factor of uncertainty that we considered in our projections, which are the basis for our monetary policy decisions. Nobody knows the final outcome of the trade negotiations and the impact it may have on the outlook for growth and inflation.

    Having said that, markets have understood perfectly well what the President said about being in a good position. Even in this context of huge uncertainty, I think that markets believe and discount that we are very close to our target of sustainable 2% inflation over the medium term.

    Your projections incorporate interest rate futures, which still price in one more rate cut. So, if the baseline materialises, we can still expect a cut?

    We incorporate market expectations for interest rates into the underlying assumptions of our projection framework. But I think that, in this case, this assumption is not important compared with the consideration we give to trade issues in the June exercise. Trade has a greater magnitude of relevance in influencing our projections.

    Would you say that risks to the inflation outlook are to the upside or the downside?

    This is quite an important question. A tariff is a tax on imported goods. So the first impact is inflationary. But tariffs simultaneously depress demand, which can more than compensate for the initial inflationary impact. So, in the medium term, tariffs reduce both growth and inflation.

    But there is another factor that is more difficult to calibrate. A fully fledged trade war could give rise to fragmentation in the global economy and distortions in the global supply chain. And that would be inflationary in the longer term.

    So, with all these nuances, over the next two years tariffs would reduce both growth and inflation. But, if you look further out, you have to consider the potential impact that fragmentation could have. That goes beyond our projection horizon, but it is something that we will have to take into consideration in the future.

    You now project inflation dipping below target and then coming back to 2%. We’ve seen such a scenario before, when the longer-term projection always points to 2%, partly because of mean reversion. So, how much weight do you attach to the 2027 projection? And do you give a lot of thought to this notion of mean reversion as a feature at the back of the projection?

    When it comes to 2026, there are two key issues: the appreciation of the euro and the evolution of prices of raw materials, particularly energy. For 2027 a similar appreciation of the currency and a fall in energy prices is not expected to take place, and that is the reason why we expect inflation to come back up to 2%. But, of course, the level of uncertainty is huge. So, even though we are convinced that inflation will converge to our target, we need to stay data-dependent and decide meeting by meeting. Also, bear in mind that we have already reduced interest rates by 200 basis points – from 4% to 2%.

    The risk of undershooting in any year is that it influences wage-setting and could perpetuate low inflation. In the first quarter of next year, you see inflation at 1.4%. Do you consider undershooting a significant risk?

    I think inflation is going in the right direction. There is a clear deceleration, also confirmed by the latest data. But I don’t think that inflation hovering around 1.4% in the first quarter of 2026 is going to be enough to unanchor inflation expectations and modify the wage bargaining process. We clearly see that wage dynamics are cooling. But, even when you take all these factors into consideration, compensation per employee will be around 3% over time. So, the risk of undershooting is very limited in my view.

    Our assessment is that risks for inflation are balanced. Clearly, 1.4% is below target. But we look at the medium term, and in the medium term there are other factors that can compensate for the short-term elements that can temporarily bring inflation down.

    Europe is expected to spend more on defence. Do you think that greater military expenditure should come at the expense of other spending, or should it be financed from debt?

    A lot of uncertainty still surrounds our fiscal policy assumptions and projections. Trade is prominently in the news, but fiscal policy is often overlooked.

    First of all, fiscal policy in the United States is important. The new tax bill is going to increase the deficit, and the US fiscal position is already challenging. The debt ratio is over 100% and the fiscal deficit between 6% and 7%. So, markets are likely to start paying more attention to fiscal policy in the United States, which could give rise to increasing yields. I think this will catch the eye of markets more and more in the future.

    In the case of Europe, we have seen a degree of decoupling in terms of yields with respect to the United States. But developments have been much more moderate.

    Nevertheless, fiscal policy is relevant because there is an additional need to increase spending on defence, which is going to demand more resources. The starting point for some EU countries is not good. The EU does not have much fiscal space, so we have to look for social and political space in order to expand it.

    We will need to have more support from the people of Europe, and governments will have to explain clearly the necessity for higher spending on defence, because it’s a question of independence and autonomy.

    This extra spending may take some time to ramp up. Do you think ECB watchers or the ECB’s own projections overestimate how much fiscal support is coming?

    There are different fiscal multipliers, and much will depend on the kind of fiscal spending that countries are going to pursue. This kind of expenditure takes time to be implemented, so the impact on inflation and growth is not going to be material in the short term.

    Do you think the ECB can play a role in helping that defence spending, like with the targeted QE, targeted TLTRO, or some other tool?

    I can assure you that this is something that we have not discussed.

    We saw in the minutes of the Federal Reserve System’s May meeting that it had extended the swap line with the ECB. Nevertheless, given the political turmoil in the United States, do you think it would be a good exercise to look at scenarios in which US dollar funding dries up? Should the ECB be preparing the financial sector for such a scenario?

    We believe that swap lines with the Federal Reserve are a good instrument in terms of financial stability for both the euro area and the United States. We are fully convinced that the swap lines will be maintained over time because they are positive for both sides and for global financial stability.

    But markets are starting to openly doubt the status of the US dollar as the world’s leading reserve currency. And some central banks are even building up reserves in gold. Do you think it would be prudent for the ECB, and the Eurosystem more generally, also to start building up more gold reserves or reserves in assets other than US dollar-denominated assets?

    The weight of gold in our reserves has been on the increase clearly because of rising gold prices. Central banks use gold as an instrument to diversify in moments of geopolitical risk, and that is understandable. Some are even looking at silver or platinum to diversify.

    But the role of the US dollar as a reserve currency in the short term is not going to be challenged, in my opinion.

    The role of the euro as a reserve currency in the global arena will depend on actions taken in Europe. If we can achieve a much more integrated goods and services market, then the capital markets union and the banking union will come about much more easily. It’s very difficult to make progress in the capital markets union or the banking union if you do not advance in the integration of the goods and services market.

    You put out a report on the role of the euro last week, which covers basically to the end of last year. Can you provide us with a bit of insight on what’s been happening since 2 April. There’s been a lot of movement on financial markets. Have euro assets really benefited from capital leaving the US dollar, or is it mostly gold that has benefited?

    If you look at market developments, we had a big decline and a risk-off movement at the beginning of April. And now market valuations have fully recovered – apart from the US dollar and commodity prices.

    The policies of the new US Administration cover not only tariffs, but also fiscal policy and the regulatory frameworks for banks – in terms of the implementation of Basel III – and non-banks, and even for crypto assets. At the end of the day, this is a sort of change of paradigm. There have even been some doubts about how engaged the new US Administration is going to be with multilateral institutions.

    Even though markets have recovered, setting aside the US dollar and commodities, there is something that is quite obvious. The correlation of asset prices has changed quite a lot since April. If you look at developments in stock and bond prices, the correlation has been different from the ones we had in the past.

    Even in the case of yields on US Treasuries, we have seen ups and downs. But I think that the main element that indicates some doubts about the new US policies is the evolution of the US dollar. That’s quite clear.

    The flipside of that is that the euro has become stronger. Is it becoming an issue for growth and for exporters? Can the euro zone even afford reserve currency status given the currency strength that comes with it?

    I think that, at USD 1.15, the euro’s exchange rate is not going to be a big obstacle. And the question of the reserve status of the euro in the global arena is not going to have a significant impact in the short term.

    In the short term, the status of the US dollar is not going to be challenged. In the medium term, the factor that is going to be key is the kind of policy that we implement in Europe. If we are able to become more independent, more autonomous in defence, and we start to do what we have to do for the integration of markets… gradually, over the medium to long term, the euro will gain market share. But, in the short term, a big jump in market share is out of the question.

    So you don’t seem to be terribly concerned about USD 1.15 for the real economy. Accepting that you have no exchange rate target, what is the point where you become concerned that the exchange rate has a detrimental impact on the real economy?

    Much more than a specific level, I think that we have to look at the speed of developments, how rapid the appreciation or depreciation is. And if there is a clear overshooting of the exchange rate, that is something we should analyse.

    So far, the evolution has been quite controlled. Perhaps the surprise has been that, at the beginning of the year, most market participants believed that we could go to parity. And instead we have gone to the current level. I would not say that the exchange rate has been extremely volatile so far, or that we have seen a very rapid appreciation .

    We take the exchange rate into consideration in our projections. The perception of the ECB is that the appreciation of the euro has so far been positive in terms of achieving our target for inflation. That’s one of the reasons why we have revised our inflation projections down for 2026.

    A recent paper by Blanchard and Ubide has relaunched the idea of a European safe asset. You were on the other side of the fence when you were once a finance minister. Do you see growing chances of more joint issuance happening?

    Ideas coming from the academic sphere are very good. The one you mentioned is a very interesting proposal for a EU safe asset in a very liquid and deep market. That is something we have to take into consideration.

    But I think we have to do a lot of things before that. We need a much more integrated single market, and to make much more progress towards the capital markets union and the completion of the banking union. Simultaneously – and I feel we have made some progress here – we need the fiscal positions of euro area countries to be closer and disparities to be reduced.

    So it’s an interesting proposal from an academic standpoint. But I think that, from a practical viewpoint, there are other necessary conditions before we get there and these are not yet in place.

    Do you think it could be prudent for the ECB and the Eurosystem’s national central banks to bring back some of the gold reserves they store in New York?

    There is no doubt in my mind that they are totally safe.

    Even when a new Federal Reserve Chair will be appointed next year?

    Well, I don’t know who the next Chair is going to be, but I expect it will be a competent and sensible person.

    Fair enough. But has there been a discussion about this or didn’t it even come up?

    Even the possibility of it didn’t come up.

    Over the past few years, the ECB has learned some lessons, such as that you also have to react forcefully to inflation when it’s too high. This didn’t seem to be a problem a few years ago, yet all of a sudden it was. So, with that in mind, how would you like the new strategy document to reflect that?

    As you have said, the framework for inflation was totally different five years ago. And now we have had a period of high inflation, which was an important change.

    This is going to be a reassessment of our strategy review. In my view, we are not going to see modications in the definition of price stability. With respect to the toolkit, I think that all the instruments are going to remain available for use in the future.

    Simultaneously, we have learned much more about side effects, and we are going to pay more attention to financial stability considerations. QE, for instance, was a new instrument added to the toolkit in 2015. What is important is that when you use an instrument, you can gauge its real impact. Sometimes it’s much easier to start using the instrument than to withdraw it — that’s something we have learned as well. And finally, the framework of the global economy is going to be very different from the one we had in 2021. In one sense, I think we are going to have a much more fragmented world.

    In 2021, we didn’t have any discussions about trade. Deflation, or low inflation, was the main point of our review, and how close we were to the lower bound. At the same time, some academics raised the issue of the natural interest rate. This is interesting from a conceptual and an academic standpoint, but not for actual monetary policy decision-making.

    What should we expect from the new strategy statement?

    I would not expect big surprises. This is about evolution, not revolution. It is just a reassessment. It will be much more focused on how the framework for central banks and for the ECB has changed over the last five years.

    In a multipolar world, what role can China play for the ECB as a partner, and the People’s of Bank of China particularly?

    China is an important player. It’s the world’s second largest economy. We have some monetary arrangements with the central bank, like our swap lines.

    Sometimes when we talk about trade policies, we look only at bilateral tariffs. But we need to have a holistic approach. In the case, for instance, of the negotiations between the United States and Europe, what is going to be key is not only the final outcome in terms of bilateral tariffs, but the potential impact of trade diversion. You need to be holistic with respect to trade, because otherwise, perhaps, you are missing the real impact that these trade negotiations are going to have.

    Do you see that as a big risk, trade diversion? Your colleague Isabel Schnabel seemed to suggest this was not a major risk.

    Well, I don’t know whether it’s going to be a big risk, but undoubtedly this is something that we have to monitor and take into consideration.

    Could the ECB work with the People’s Bank of China, for example in the field of payments? China has its own digital currency.

    We are fully behind a digital euro. We believe that it’s something that is going to be very important in Europe.

    There will be new legislation in the United States about stablecoins. They are going to become a means of payment and most projects are going to come from the United States. My reading of the digital euro project is digital public money: it will be a means of payment, it’s not going to pay an interest rate, and it will not replace cash. We are going to take financial stability implications into consideration too.

    People, at the end of the day, both in the analogue and digital context, always want to have public money. For them, that’s real money. And if people doubt whether they can transform their current account balance into banknotes, then a bank run can take place. The digital euro is going to play a similar role in a digital world.

    If the case for a digital euro is so clear, why does the legislator not see it? Brussels has been dragging its feet. Why is that, and do you expect a change?

    I hope that we will be able to convince the legislators, but you have to ask them why they have so many doubts. From our standpoint, it’s quite clear that a digital euro is something that is extremely relevant and useful in the payment context in Europe. And I think that eventually, they will be convinced of the clear advantages of a digital euro.

    MIL OSI Economics

  • MIL-OSI Economics: Christine Lagarde: Interview with Xinhua News Agency

    Source: European Central Bank

    Interview with Christine Lagarde, President of the ECB, conducted by Su Liang on 12 June 2025

    14 June 2025

    I was in the audience in 2018 at the opening ceremony of the first China International Import Expo in Shanghai. You said in a speech there that China built a bridge to the world, built a bridge to prosperity and is building a bridge to the future – the three bridges, which is famous in China. Has anything changed in your mind – is China building new bridges?

    I haven’t been back to China for six years – that was my last visit, six years ago. From what I have seen so far, I can tell you that this bridge to the future is clearly an enterprise that China is working hard on. The combination of robotic artificial intelligence, hard work by the Chinese people and the strategic approach to it are contributing a lot to that bridge to the future. Development will occur fast on a threefold basis: robotic artificial intelligence, hard work and all of that focused on the industries of the future, which are going to change the Chinese economy even faster and better.

    How does the ECB see China’s role in the global economic recovery, especially amid this increasing fragmentation in global supply chains? What kind of dialogue or cooperation would you like to see between the ECB and Chinese financial institutions?

    The main cooperation and dialogue that we have at the ECB with China is with the People’s Bank of China (PBOC), because we are both central banks for a large region. We share some of the same concerns, some of the same challenges and we have a strong and deep dialogue on those issues. We are both very attached to the regulatory framework and supervision that will sustain financial stability. Our primary responsibility at the ECB is price stability, and this is clearly defined in our strategy. We are within reach of the 2% medium-term inflation target that we have defined as price stability. But we cannot have price stability if we do not have financial stability. And that’s the reason why we – and I think the PBOC is on the same page – are very attached to a solid regulatory environment and strong supervision so that our financial sector is stable and solid, because it is in the interest of the people that we serve.

    This year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union, the then European Economic Community. As President of the ECB and previously a politician in Europe, how do you see the cooperation between China and the EU over the past 50 years?

    The cooperation between the European Union and China has been beneficial to both sides. We have increased the level of trade between our two regions, and we have seen increased direct investment over the course of the last few decades.

    And what will that cooperation look like in the future?

    I very much hope, in the interest of financial stability and price stability, that China and the European Union will continue to cooperate, will continue their dialogue, will be candid with each other and will play by the rules that they both agree to. I’m thinking of the WTO rules, for instance, as rules that both regions have agreed to support and have signed up to. I think that determination for dialogue, cooperation and working on win-win solutions is something that will continue to be shared.

    You talked about stability and about the rules. Do you think what the United States government is doing now is kind of a risk to stability and the rules? They are raising tariffs and creating uncertainty in the world economy.

    I would focus on your last point. The level of uncertainty caused by the announcements or the threats of decisions is dampening investment. It is leading all institutions to reduce their growth projections for the global economy, for the United States, for China and for Europe. It’s really a lose-lose situation that we have at the moment. The sooner the uncertainty can be removed and agreements can be found between the parties – on tariffs in particular, but on other issues as well, such as non-tariff barriers – the better off we will all be. Economic players, investors and employers have great difficulty dealing with uncertainty. The same applies to us as central banks because when we need to forecast, anticipate the evolution of the economy and project the level of prices, if we have this great uncertainty, it makes our lives really difficult.

    So when the delegations of China and the United States in London said they had made progress, that’s good news.

    I hope progress goes in the direction of removing as much uncertainty as possible. If it reaches a new equilibrium, which is beneficial for all countries, then it’s a positive.

    It is impossible to talk about China-EU relations without talking about China-US relations. You worked both in Washington and Europe. How do you see current China-US relations and how do you think China-US relations will impact China-EU relations?

    I don’t want to make any projections or anticipate what the outcome of the discussions will be between the Chinese authorities and the US authorities. This is for political leaders, for trade and commerce secretaries to discuss and to take forward. But what I observe is that all our countries – European Union Member States, China, the United States and many other countries – are intrinsically bound by supply chains. When you start dissecting a product and you realise what the origin of the product is, where the spare parts are coming from, what journey it takes to travel from one place to the other, it is amazing how countries are linked to each other. What will impact one will impact others, and if the situation is not resolved satisfactorily and the uncertainty is not removed, the corporate world will rethink their supply chains. They will rethink their supply and their sourcing, and that will cause more fragility and a period of uncertainty, during which growth will probably be impaired, during which we could have inflationary pressure as a result. And I think this is not in the interest of any country. As I said, it’s not just the United States, China and Europe, it’s many other countries as well.

    I remember you once said you stand by Adam Smith, you stand by liberalism. Do you think what we are witnessing in the world is a kind of failure of liberalism, the rules of free trade?

    We have to acknowledge what the benefits have been and where there have been downsides. The benefits have been incredible when you look at how much additional activity has prospered, how much growth has increased, how many people have been taken out of poverty, particularly in this country, in China, how the well-being of people has improved. There have been many benefits as a result of international open trade and free markets, but there have also been some negative consequences. There are areas in the world where industrial activity has died, where people have lost jobs and where measures have not been taken to deal with that. So we have to be mindful of that. We have to look at that very honestly and decide how we want to remedy those situations. It has a lot to do with reducing the disequilibrium, reducing the imbalances that we see both on an international but also on a domestic basis.

    Like you said, China has had a lot of benefits from globalisation, and China is now the second-largest economy in the world, and we have heard some concepts like de-risking from China in Europe. What is your opinion on this concept?

    The principle of de-risking is not surprising, and I think it has been accentuated by the COVID-19 period. You know, during the pandemic, countries and regions suddenly realised that they no longer had manufacturing facilities to produce some pharmaceutical goods (e.g. masks) that were needed, and they were dependent and vulnerable as a result. This desire not to be vulnerable, not to be exclusively dependent on one single source of supply, is completely legitimate to the extent that those products – not necessarily masks – are considered strategic. It’s completely normal that countries think they need to have alternative sources of supply. We need to have a degree of security of supply so that we are not at the mercy of a failure, or a unilateral decision that would expose the security of our people. So I don’t find anything surprising about it. It is legitimate, but it does not stop cooperation. It does not stop international trade.

    When it comes to financial innovation, people always focus on digital financing and green financing. The ECB is actively exploring a digital euro. How will this influence the future of finance from the perspective of European bankers? And on green innovation in financing, how can the ECB and the PBOC cooperate in the future?

    Firstly, both the PBOC and the ECB are working on a digital currency. China was ahead, it started earlier. We started six years ago, and we are getting to the point where, if the legislature supports the proposal, we should be ready to launch. Why are we doing that? Simply because of client demand, to put it very simply. Because many Europeans – not all, but many – like to pay electronically, digitally, without cash. Many Europeans still like cash. I like cash. So we will continue to have cash, and we will be issuing new banknotes in a few years’ time. But we need, as a sovereign expression on the financial stage, to be able to respond to the demand of our customers, Europeans. If they want cash, we should be able to print secure banknotes. If they want digital cash, we should be able to offer a digital euro. We want to make sure that we have a European offer that is available, so that within the entire euro area there is a means of payment and a solid currency that can help you transact both online, peer-to-peer, business-to-business, and that’s the purpose of the digital euro.

    And what about green financing?

    Green financing is an activity that is conducted by commercial banks or international institutions. The European Investment Bank, which is a public institution, also has a role. And as you know, Europe has approved a green bond framework that is available, which I think China has observed very carefully in order to issue its own framework. But it’s a matter for commercial banks.

    My final question is the following: you were the second most powerful woman in the world according to Forbes in 2019, 2020, 2022, 2023 and 2024. You have a life experience envied by women around the world. Do you have any advice for them on how to be successful?

    Women have inside them the potential to thrive in whichever domain they choose. And I think that they should always draw on that confidence and energy without which things do not happen, and they should cultivate that and never be intimidated or refrain from achieving what they can. They have to believe in themselves. I hope they get the support that I was lucky to receive from family members and friends, as that is extremely helpful to continue doing what you want to do.

    MIL OSI Economics

  • MIL-OSI Russia: Culture and tourism are important areas of cooperation between Beijing and Moscow – official

    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 16 (Xinhua) — “Culture and tourism are important areas of exchange and cooperation between China and Russia, as well as between Beijing and Moscow. In recent years, the number of Chinese tourists visiting Moscow has been increasing every year,” Guo Huaigang, director of the Beijing Culture and Tourism Bureau, told the Beijing Youth Daily on Thursday.

    This year marks the 30th anniversary of the establishment of sister city relations between Beijing and Moscow.

    Guo Huaigang noted that since the establishment of sister city relations, the two cities have organized various events in such fields as economy, trade, science and technology, urban development, transportation, and humanitarian ties. The events under the “joint celebration of the two cities” in the field of culture and tourism have created a platform for exchanges and cooperation between the industries of the two cities, arousing the interest and desire of their residents to get to know each other.

    According to him, Beijing received 293 thousand Russian tourists in 2024. In January-May 2025, Beijing received 175 thousand tourists from Russia, which is 83.9 percent more than the same period last year.

    On June 12, the Moscow Seasons in Beijing festival kicked off in Beijing, presenting modern technologies and folk traditions of the Russian capital to the Chinese public in an authentic form over the course of four days. At the same time, Beijing organized a series of events in Moscow to celebrate the 30th anniversary of the twinning, including a roundtable on trade and economic cooperation and a youth hockey tournament. In particular, the Beijing City Department of Culture and Tourism held a presentation of Beijing’s tourism opportunities and a “Journey to the World of Peking Opera” event in Moscow.

    “Thanks to joint efforts, the sister city relationship between Beijing and Moscow has been steadily developing,” Guo Huaigang said. -0-

    MIL OSI Russia News

  • MIL-OSI China: Xi arrives in Astana for China-Central Asia Summit

    Source: China State Council Information Office

    Xi arrives in Astana for China-Central Asia Summit

    Xinhua | June 16, 2025

    Chinese President Xi Jinping landed in Astana on Monday to attend the second China-Central Asia Summit.

    Xi was welcomed by Kazakh President Kassym-Jomart Tokayev and other senior officials at the airport.

    MIL OSI China News

  • MIL-OSI China: Official: China’s foreign trade maintains steady growth in May

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

    China’s foreign trade held up under pressure in May, with trade volume rising 2.7% and exports growing 6.3%. This came despite a decline in trade with the U.S., thanks to China’s efforts to diversify its trading partners, an official from the National Bureau of Statistics said Monday.

    MIL OSI China News

  • MIL-OSI Russia: Moscow Zoo CEO: Giant Panda Katyusha is a Symbol of Friendship between China and Russia

    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 16 (Xinhua) — Giant panda Katyusha, born in August 2023 at the Moscow Zoo, is a symbol of friendship between China and Russia and the professionalism of specialists from the two countries, Moscow Zoo Director General Svetlana Akulova said in Beijing on June 13.

    As reported by the newspaper Zhongguo Qingnian Bao /China Youth Daily/, S. Akulova made this statement while participating in a meeting dedicated to the organization and implementation of bilateral museum projects between Moscow and Beijing. The event was organized by the Moscow government with the assistance of the Russian Cultural Center in Beijing and the support of the People’s Government of Beijing.

    In April 2019, in honor of the 70th anniversary of the establishment of diplomatic relations between China and Russia, giant pandas Ruyi and Dingding arrived in Moscow. In August 2023, their cub, panda Katyusha, was born at the Moscow Zoo.

    “This was an important event,” said S. Akulova. She said that the name Katyusha was chosen based on the results of an online vote in which 300,000 people took part. The giant panda Katyusha has attracted numerous followers on social networks, and many Russians are eager to visit the Moscow Zoo to see her.

    She added that experts from China and Russia regularly exchange data to ensure the good health of giant pandas, and the Moscow Zoo takes full responsibility and provides them with careful care.

    “The Moscow Zoo is a party to more than 70 agreements on the protection of rare animal species and hopes to work together with Beijing to protect the golden snub-nosed monkey,” said S. Akulova.

    S. Akulova also put forward the initiative to create a “World Alliance of Zoos”, stating that environmental protection tasks require a review of the relevant work.

    The Moscow Zoo hopes to enter into an alliance with the Beijing Zoo, said S. Akulova, adding that cooperation with China will be an important step towards strengthening new international partnerships.

    MIL OSI Russia News

  • MIL-OSI Russia: Inner Mongolia’s Ulan Suhai Lake has become a haven for mute swans

    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

    HOHHOT, June 16 (Xinhua) — Ulan Suhai Lake, the largest wetland in the Yellow River basin, has become a paradise for mute swans thanks to improved ecological environment.

    According to the Inner Mongolia Autonomous Region Forestry and Grassland Administration, with the continuous comprehensive management of Ulan Suhai Lake in recent years, its ecological conditions have improved and its biodiversity has continued to recover. Every year, the lake becomes a migration and breeding ground for more than 260 species of birds, including a large number of mute swans, which are under the second-category national protection in China.

    In order to create a favorable and safe environment for mute swans, local forestry and steppe management departments have taken a number of special measures, including the establishment of control stations, bird feeding stations, bird habit monitoring stations, and a pier for their protection and management in wetlands. In addition, special personnel have been appointed to regularly monitor the situation related to the habitation and reproduction of mute swans.

    Let us recall that Ulan-Suhai Lake, located in the territory of Urad-Qianqi khoshun of Bayannur city of Inner Mongolia Autonomous Region in northern China, is known as the “Pearl behind the Great Wall”. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Special Report: Flowers from China’s Yunnan Bloom in Kazakhstan

    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

    KUNMING/ALMATY, June 16 (Xinhua) — Flowers are a universal gift that is loved to be presented on various occasions in many countries, including Kazakhstan. Flowers can be used to create a beautiful composition. A bouquet appropriate for the occasion can be given to a woman or a man, friends or colleagues and can be used to express almost any message. Give a compliment, say “thank you” or “sorry” and even propose!

    Dounan is a small town on the shore of Dianchi Lake in Kunming, Yunnan Province. But in terms of “flower territory,” it is very large. It is home to Asia’s largest fresh-cut flower market and the second largest in the world. Of Dounan’s 70,000 residents, more than 40,000 are employed in the flower industry. Every day, about 10 million fresh-cut flowers are sold here. They are exported to more than 50 countries, including Kazakhstan.

    In fact, it is not only a flower market, but also a national tourist attraction. Last year alone, millions of tourists visited it. Eustoma, roses, bush carnations, matthiola and sunflowers. You can buy all kinds of flowers here. No matter whether you like flowers or not, you can’t resist the temptation to buy them in Dounan because they are so cheap here. The price for one bunch of roses is 20 yuan (US$1.40), and for a bunch of sunflowers it is only 8 yuan (US$1.10).

    As assistant to the president of Dounan Flower Industry Corporation Wang Jinyiling said, in the 1980s, the villagers of Dounan began trying to grow flowers in their gardens. And to their surprise, they discovered that it was very economically profitable. Then everyone gradually began to follow their example. “And we needed a large enough and professional flower market to sell flowers,” she noted.

    According to her, in 1998, the Dounan Flower Market with an area of 37,333 square meters was officially put into operation. And in 2015, the industrial zone – a flower market of national importance – was officially opened. Here, in addition to traditional direct flower sales, online auctions and sales are also held. Today, Dounan is not just a collection and distribution center for flowers, but also a tourist attraction. More and more tourists come here to experience the unique flower culture of Yunnan Province.

    Zhou Tianyi runs Deruier Flowers in Dounan. Every week, the shop ships 200,000 to 300,000 fresh-cut roses to Almaty. Delivery takes just five days. “The China Flower Industry Conference is held every year. We also attend it and met many entrepreneurs from Kazakhstan there,” she said.

    “The quality of Chinese flowers is very stable now. Today, there are a huge number of flower species in China, and the excellent price-quality ratio is their great advantage. These are the main reasons why Kazakh businessmen like Chinese products very much,” said the director of Deruier Flowers.

    According to Kazakh media, citing the country’s National Bureau of Statistics, in 2024 the country imported more than 1,100 tons of fresh-cut flowers and buds from China worth $7.5 million. This is almost 13 times more than the previous year. In terms of total import volume, China has become the third largest supplier of flowers to Kazakhstan.

    There are about 220,000 flower seedling companies in China, with an annual output of more than 520 billion yuan (nearly 72.2 billion US dollars), making the country the world’s largest flower producer.

    In 2024, China’s flower import and export volume was US$782 million, up 10 percent year on year. Of which, the export volume was US$516 million, up 17.78 percent year on year. China’s flower economy has shown strong vitality. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China Southern Airlines launches first direct passenger flight Beijing-Dushanbe

    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 16 (Xinhua) — China Southern Airlines flight CZ6051 carrying 173 passengers departed Beijing Daxing International Airport for Dushanbe, capital of Tajikistan, at noon on June 16, officially opening the airline’s first direct Beijing-Dushanbe passenger flight.

    The new flight is also reportedly the first direct passenger flight on the Beijing-Dushanbe route launched by Chinese air carriers.

    According to China Southern Airlines, based in Guangzhou City /Guangdong Province, southern China/, direct flights on the Beijing-Dushanbe route are operated twice a week. The flight numbers for this route are CZ6051/6052. According to the schedule, the flight departs from Beijing Daxing International Airport at 17:00 /local time/ and arrives at Dushanbe International Airport at 21:00. Travel time is about 7 hours. The return flight departs from Dushanbe International Airport at 22:30 and arrives at Beijing Daxing International Airport at 07:20 the next day. The trip takes about 6 hours.

    “In order to provide passengers with quality services, we decorated the cabin of this flight with cultural elements of the two countries and also treated passengers with signature dishes such as abalone with chicken and peach blossom cookies,” said Hou Ming, general manager of the North China Region Marketing Center of China Southern Airlines.

    The opening of a direct Beijing-Dushanbe flight will create a more convenient air bridge between China and Tajikistan, effectively promote bilateral trade, economic and humanitarian exchanges, cooperation in the field of tourism, and will also give a new powerful impetus to the development of relations between the two countries and regional interconnectedness, said Qu Guangji, deputy general director of China Southern Airlines.

    During the summer and autumn air seasons this year, China Southern Airlines will operate 7 express flights connecting Beijing Daxing Airport with cities such as Guangzhou, Shenzhen and Chengdu, and will also launch international flights between Beijing Daxing Airport and airports in London, Amsterdam, Moscow, etc. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Exclusive: “Lu Ban’s Workshop” is a major project to increase the potential of engineering education in Kyrgyzstan — Rector of KSTU

    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

    BISHKEK, June 16 /Xinhua/ — The Lu Ban Workshop project is not just infrastructure, but a large joint project of Kyrgyzstan and Chinese university partners to enhance the potential of engineering education in the country, Rector of the Kyrgyz State Technical University (KSTU) Mirlan Chynybaev said in an interview with Xinhua.

    In October 2024, Lu Ban Workshop was officially opened in KSTU. It was jointly established by Zhejiang University of Water Resources and Hydropower, KSTU and other institutions. This workshop has laboratories and classrooms covering an area of more than 1,000 square meters, which are equipped with more than 300 pieces of equipment, including testing instruments, teaching models, electrical equipment, mechanical equipment, road and bridge equipment, etc.

    “This infrastructure allows us to improve the quality of education at our university, and our students already have the opportunity to study modern technologies,” said M. Chynybaev.

    The project, as the rector added, also includes advanced training for teachers, development of new teaching materials, holding conferences, seminars, trainings, and overview lectures with the participation of the university’s partners.

    The Rector of KSTU noted that among the main tasks facing them were increasing the engineering and technical potential in the field of hydropower, hydraulic engineering, energy, and geoinformation technologies. “All these aspects dictate the choice of appropriate partners. And on the Chinese side, we have a very good partner – Zhejiang University of Water Resources and Hydropower, which has these competencies and the most modern technologies. And together with them, we are implementing this project,” said M. Chynybaev.

    He also emphasized that industry is currently actively developing in Kyrgyzstan, especially energy, and the country is receiving a lot of investment, mainly from Chinese companies. “Thanks to investments, strategic projects are being implemented, in particular, in the energy sector, in the field of railway construction. And, of course, these projects need engineers. And within the framework of the Lu Ban Workshop project, we are training engineers,” he noted.

    According to the rector of KSTU, the project “Lu Ban’s Workshop” is not only education, but also cultural exchange. “Our students are now additionally studying Chinese. We are planning to organize internships for our teachers in China, and we also have Chinese specialists who help us in implementing this project,” said the head of KSTU.

    He also announced future plans to launch joint dual degree educational programs. “That is, students will study here for two years in their specialty and then for two years at a Chinese partner university. After completing their studies, students will receive diplomas from two universities at once. This is a good step towards integrating education and mutual recognition of qualifications,” explained M. Chynybaev.

    Speaking about the upcoming China-Central Asia summit, which will be held in Astana, the rector of KSTU expressed hope that it will give impetus to the development of scientific and technical cooperation.

    “Cooperation should develop not only in economic terms, but also in the field of education, science and technology. And we count on further financial support for joint scientific projects. We can conduct a lot of joint research,” said M. Chynybaev.

    According to him, KSTU actively participates in almost all strategic projects. “We expect to train engineers for the successful implementation of all joint projects carried out by China and Central Asia, as well as China and our country. We expect that our cooperation will continue and become even more intensive and profound,” he concluded.

    MIL OSI Russia News

  • MIL-OSI Russia: Mongolia’s measles death toll rises to six

    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

    ULAN BATOR, June 16 (Xinhua) — The death toll from measles in Mongolia has risen to six after another child died in the past 24 hours, the country’s National Research Center for Infectious Diseases said Monday.

    Meanwhile, 693 patients are undergoing treatment in hospital, including five children in critical condition, the official statement said.

    More than half of the confirmed cases have been among school-age children who had received only one dose of the measles vaccine, Mongolian doctors say.

    In view of this, the National Research Center for Infectious Diseases of Mongolia advised parents to protect their children from the potentially severe disease by giving them two doses of the appropriate vaccine.

    Measles is an acute, highly contagious viral disease characterized by a cyclical course. Common symptoms include fever, dry cough, runny nose, sore throat, and inflammation of the mucous membrane of the eyes.

    Measles can only be prevented through vaccination, Mongolian doctors believe. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: D. Trump vetoes Israeli plan to assassinate Iran’s supreme leader – media

    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

    WASHINGTON, June 16 (Xinhua) — U.S. President Donald Trump has vetoed an Israeli plan to assassinate Iran’s Supreme Leader Ayatollah Ali Khamenei, media reported Sunday.

    As CBS News reported, citing an American official, Israel had the opportunity to kill A. Khamenei, and D. Trump told Israeli Prime Minister Benjamin Netanyahu that “it’s not a very good idea.”

    But when asked about the assassination plan in an interview on Fox News Sunday, Netanyahu said: “There are so many false reports about conversations that never happened, and I’m not going to go into detail.”

    Senior US officials have been in constant contact with Israeli officials in the days following Israel’s massive attack on Iran on Friday, Reuters reported.

    D. Trump said Sunday that while the United States is not currently involved in Israel’s military strikes on Iran, future involvement remains a possibility.

    “We’re not involved in that. Maybe we could be involved. But we’re not involved at this point,” the president told ABC News in an interview.

    Since the Israeli strikes on Iran, Trump has repeatedly called on Tehran to make a deal. In an interview with ABC News, the president said he had given Iran a “60-day ultimatum” to “make a deal,” but he was not setting a new deadline.

    Later Sunday, before leaving the White House for the Group of Seven (G7) summit in Canada, the US president reiterated his view that he sees a “good chance” for a nuclear deal amid the ongoing conflict between Israel and Iran. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: D. Trump vetoes Israeli plan to assassinate Iran’s supreme leader – media

    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

    WASHINGTON, June 16 (Xinhua) — U.S. President Donald Trump has vetoed an Israeli plan to assassinate Iran’s Supreme Leader Ayatollah Ali Khamenei, media reported Sunday.

    As CBS News reported, citing an American official, Israel had the opportunity to kill A. Khamenei, and D. Trump told Israeli Prime Minister Benjamin Netanyahu that “it’s not a very good idea.”

    But when asked about the assassination plan in an interview on Fox News Sunday, Netanyahu said: “There are so many false reports about conversations that never happened, and I’m not going to go into detail.”

    Senior US officials have been in constant contact with Israeli officials in the days following Israel’s massive attack on Iran on Friday, Reuters reported.

    D. Trump said Sunday that while the United States is not currently involved in Israel’s military strikes on Iran, future involvement remains a possibility.

    “We’re not involved in that. Maybe we could be involved. But we’re not involved at this point,” the president told ABC News in an interview.

    Since the Israeli strikes on Iran, Trump has repeatedly called on Tehran to make a deal. In an interview with ABC News, the president said he had given Iran a “60-day ultimatum” to “make a deal,” but he was not setting a new deadline.

    Later Sunday, before leaving the White House for the Group of Seven (G7) summit in Canada, the US president reiterated his view that he sees a “good chance” for a nuclear deal amid the ongoing conflict between Israel and Iran. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Russia Evacuates Second Group of Russian Citizens from Iran — Russian Foreign Ministry

    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

    Moscow, June 16 /Xinhua/ — A second group of Russian citizens has been evacuated from Iran across the border with Azerbaijan, the Russian Foreign Ministry said.

    “On June 15, 2025, with the participation of the Russian Embassy in Iran and the Russian Embassy in Azerbaijan, the second group of Russian citizens crossed the state border between Iran and Azerbaijan through the Astara checkpoint, returning by land due to the closure of the airspace of the Islamic Republic of Iran as a result of the forceful action of the State of Israel,” the official Telegram channel of the Russian Foreign Ministry says.

    A group of 238 people crossed the border, including family members of employees of Russian foreign missions and artists of the P. I. Tchaikovsky Bolshoi Symphony Orchestra. In addition to citizens of the Russian Federation, the group also included citizens of the Republic of Belarus and the Republic of Tajikistan, the Russian Foreign Ministry said in a statement.

    The first group of 86 people (including two children) has already crossed the border between Iran and Azerbaijan, the Russian Embassy in Azerbaijan said on Sunday. The group included a film crew from world-famous Russian director Fyodor Bondarchuk and citizens of the Republic of Belarus, the Republic of Latvia, the Republic of Serbia, the Republic of Uzbekistan and the Republic of Tajikistan. –0–

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: FS to depart for Shanghai

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan tomorrow will depart tomorrow for Shanghai, where he will attend the opening ceremony and plenary session of the 2025 Lujiazui Forum.

    During his visit, Mr Chan will also witness the signing of the “Action Plan for Collaborative Development of Shanghai & Hong Kong International Financial Centres”.

    He will also attend an international exchange dinner organised by the China Finance 40 Forum.

    While in Shanghai, he will meet officials from relevant central ministries and from Shanghai, as well as economic and financial leaders from various places, to discuss strengthening co-operation and exchanges.

    Secretary for Financial Services & the Treasury Christopher Hui will also participate in the visit.

    Mr Chan will return to Hong Kong on June 18. During his absence, Deputy Financial Secretary Michael Wong will be Acting Financial Secretary. During Mr Hui’s absence, Under Secretary for Financial Services & the Treasury Joseph Chan will be Acting Secretary for Financial Services & the Treasury.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Hong Kong Economic and Trade Office in Guangdong reminds public to remain vigilant against phone scams

    Source: Hong Kong Government special administrative region

         The Hong Kong Economic and Trade Office in Guangdong (GDETO) of the Government of the Hong Kong Special Administrative Region today (June 16) reminds the public to remain vigilant against phone scams.

         It has come to the GDETO’s attention that fraudsters have recently used a fake caller number display to impersonate GDETO officers to make calls to members of the public.

         Members of the public must at all times remain vigilant and cautious when receiving calls. Instead of simply relying on the incoming caller number display to identify callers, believing callers hastily, or disclosing personal information arbitrarily, members of the public are advised to take the initiative to verify the identities of callers, such as seeking confirmation from the GDETO by phone or email.

         If in doubt, please contact the GDETO at (86 20) 3891 1220 or send an email to the GDETO at general@gdeto.gov.hk.

         Members of the public can also make enquiries and seek assistance from Mainland China’s National Anti-Fraud Center at (86) 96110, or Hong Kong Police officers of the Anti-Deception Coordination Centre by calling the 24-hour police enquiry hotline, Anti-Scam Helpline 18222.

         Anyone suspecting a phone scam should immediately report it to the Police.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus

    Source: Republic of China Taiwan

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • An overview of Iran’s main gas field and oil infrastructure

    Source: Government of India

    Source: Government of India (4)

    Israel struck an installation at Iran’s South Pars gas field on Saturday, the first attack on Iran’s oil and gas sector as part of what the Israeli government had warned would be a prolonged operation to prevent Tehran from building an atomic weapon.

    Iran has partially suspended gas production from the South Pars field, Iran’s portion of the world’s largest natural gas reserve, which lies beneath the Gulf and is shared with major gas exporter Qatar.

    Israel also struck a Tehran fuel depot and an oil refinery near the capital on Saturday, Iran said, but authorities said the situation was under control.

    Following are some facts on the country’s energy industry, exports, and the impact of previous Western sanctions.

    WORLD’S LARGEST GAS RESERVE

    Iran produces natural gas from the offshore South Pars gas field, which makes up around a third of the world’s largest reservoir of natural gas.

    Iran shares the reservoir with major gas exporter Qatar, which calls its field the North Dome.

    Sanctions and technical constraints have meant most gas Tehran produces from the South Pars field is for domestic use in Iran.

    Iran’s total natural gas production totalled 266.25 billion cubic meters in 2023, with domestic consumption accounting for 255.5 bcm, according to data by the Gas Exporting Countries Forum, a grouping of gas exporter nations.

    About 15.8 bcm of natural gas were exported, the Forum said.

    Saturday’s attack struck four units of Phase 14 of South Pars, around 200 kilometres from Qatar’s gas installations, many of which are joint ventures with major international energy firms, including U.S. giants ExxonMobil and ConocoPhilips.

    Doha has made hundreds of billions of dollars exporting liquefied natural gas to global markets for nearly three decades.

    The entire reservoir contains an estimated 1,800 trillion cubic feet of usable gas – enough to supply the entire world’s needs for 13 years, or to generate enough electricity to supply the U.S. for more than 35 years.

    SANCTIONS AND OPEC

    Iran’s oil production was at its peak in the 1970s, with record output of 6 million bpd in 1974, according to OPEC data. That amounted to more than 10% of world output at the time.

    In 1979, the U.S. imposed the first wave of sanctions on Tehran. Since then the country has been the target of several waves of U.S. and European Union sanctions.

    The U.S. tightened sanctions in 2018 after Trump exited a nuclear accord during his first presidential term. Iran’s oil exports fell to nearly zero during some months.

    Exports rose steadily under Trump’s successor President Joe Biden’s administration, with analysts saying sanctions were less rigorously enforced and Iran had succeeded in evading them.

    Iran is exempt from OPEC+ output restrictions.

    WHO IS THE MAIN BUYER OF IRANIAN OIL?

    Iran’s crude exports have risen to a multi-year high of 1.8 million bpd in recent months, the highest since 2018, driven by strong Chinese demand.

    China says it does not recognise sanctions against its trade partners. The main buyers of Iranian oil are Chinese private refiners, some of whom have recently been placed on the U.S. Treasury sanctions list. There is little evidence, however, that this has impacted flows from Iran to China significantly.

    Iran has for years evaded sanctions through ship-to-ship transfers and hiding ships’ satellite positions.

    PRODUCTION AND INFRASTRUCTURE

    Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels per day of crude oil, and another 1.3 million bpd of condensate and other liquids, totalling about 4.5% of global supplies.

    It exported about 1.8 million bpd of crude and condensate in May, close to a 2018 peak, according to Kpler, processing the remainder of its production in its domestic refineries with a total capacity of 2.6 million bpd, according to consultancy FGE.

    It exported nearly 750,000 bpd of oil products, including LPG, in May, according to Kpler.

    The country also produces 34 billion cubic feet of gas per day, according to FGE, accounting for 7% of global production. All gas is consumed domestically.

    Iran’s hydrocarbon production facilities are primarily concentrated in the southwest, in the Khuzestan province for oil and in the Bushehr province for gas and condensate from the giant South Pars field.

    It exports 90% of its crude via Kharg Island.

    Analysts say Saudi Arabia and other OPEC members could compensate for the drop of Iranian supply by using their spare capacity to pump more. However, with a number of producers in the group currently in the process of raising output targets, their spare capacity is becoming more strained.

    (Reuters)

  • MIL-OSI Russia: The 16th session of the 14th NPC Standing Committee will be held from June 24 to 27 in Beijing.

    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 16 (Xinhua) — The 16th session of the Standing Committee of the 14th National People’s Congress (NPC) of China will be held from June 24 to 27 in Beijing.

    The decision was made at a meeting attended by the chairman and vice-chairmen of the NPC Standing Committee, which was chaired by NPC Standing Committee Chairman Zhao Leji on Monday. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping considers Central Asia a key partner in modern cooperation within the framework of the Belt and Road Initiative

    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 15 (Xinhua) — “Start loading!” Xi Jinping and K.-Zh. Tokayev jointly gave this command at the launch ceremony of the China-Europe Trans-Caspian International Transport Route, which took place in Astana in July 2024.

    The event marked the formal establishment of a multi-dimensional connectivity network combining roads, railways, airlines and pipelines to better link Asia to Europe via the Caspian Sea. The network is expected to become a vibrant artery under the Belt and Road Initiative.

    While the ancient Silk Road witnessed vibrant trade and cultural exchanges between China and Central Asia, Xi Jinping sees the region as an important partner in modern Belt and Road cooperation.

    A view of the China-Kazakhstan Logistics Cooperation Base in Lianyungang, China, June 26, 2024. /Photo: Xinhua/

    In September 2013, also in Astana, the Chinese President gave a historic speech at Nazarbayev University, where he first outlined his vision for the construction of the “Silk Road Economic Belt” – a key component of the Belt and Road Initiative.

    “We can actively discuss the best ways to improve cross-border transport infrastructure,” Xi said, “and work to build a transport network connecting East, West and South Asia to promote economic development and travel in the region.”

    In the years since, the Chinese leader’s vision has steadily been realized. For example, late last year, the Kyrgyz border city of Jalal-Abad hosted a ceremony to mark the start of construction of the China-Kyrgyzstan-Uzbekistan railway. In a congratulatory message, Xi Jinping called for the railway to become a “new demonstration project” for Belt and Road cooperation.

    The railway will start at the ancient Silk Road junction of Kashgar (Xinjiang Uyghur Autonomous Region, Northwest China), pass into Kyrgyzstan via the Torugart Pass, reach Jalal-Abad and end in Andijan in eastern Uzbekistan.

    According to Kyrgyz President Sadyr Japarov, this railway is not just a transport corridor, but an important strategic bridge connecting the countries of the East and West.

    Cooperation under the Belt and Road Initiative has effectively boosted trade, travel, and exchanges in the region. In 2024, trade between China and Central Asian countries reached a record US$94.8 billion, driven in part by the booming cross-border e-commerce. China is now the region’s top trading partner and a major source of investment.

    In 2014, Tajikistan became the first country to sign a memorandum of understanding with China on the joint development of the Silk Road Economic Belt. Since then, cooperation has yielded tangible results, many of which have been personally supported by Xi Jinping, ranging from the construction of new highways and power plants to new iconic buildings in cities.

    Students learn skills at Lu Ban’s Workshop in Dushanbe, May 31. /Photo: Xinhua/

    Tajikistan is also home to Central Asia’s first “Lu Ban Workshop” – a Chinese vocational education center that has already trained more than 1,500 students in practical skills in engineering, architecture, water management and environmental protection, cultivating talent for the country’s future development.

    During his state visit to Dushanbe in 2024, Xi Jinping told Emomali Rahmon: “I saw a more prosperous Tajikistan.”

    MIL OSI Russia News

  • MIL-OSI Russia: From Economy to Culture, China and Central Asia’s Multifaceted Partnership Grows Stronger

    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 16 (Xinhua) — Since the first China-Central Asia Summit was held in Xi’an, northwest China’s Shaanxi Province, in May 2023, fruitful results have been achieved in various areas of cooperation between China and Central Asian countries, and a community with a shared future between China and Central Asia has begun to take shape at an accelerated pace.

    TRADE AND ECONOMIC COOPERATION FOR THE SAKE OF COMMON PROSPERITY

    Kazakh flour and biscuits, Kyrgyz honey, Turkmen candies… In the store of Xi’an Aiju Grain and Oilseeds Company, a variety of goods from Central Asia attract the attention of customers.

    “Most of these food products from Central Asia ‘arrived’ here on China-Europe freight trains. These products account for more than 40 percent of our company’s sales,” said Liu Dongmeng, deputy general manager of Aiju.

    Today, the city of Xi’an has long been not only the starting point of the ancient Silk Road, but also one of the busiest transport hubs for modern “steel camel caravans.”

    According to data from the Changba International Dry Port in Xi’an, by the end of 2024, more than 76 thousand standard containers (20-foot equivalent, TEU) were shipped from Xi’an to Central Asia as part of China-Europe international railway freight transportation, which is 47.6 percent more than a year earlier.

    “In 2015, our company began to establish a base for processing agricultural products in Kazakhstan, and began to deliver goods from Central Asia to China using China-Europe trains,” Liu Dongmeng said, adding that after the 1st China-Central Asia Summit, the level of awareness of Central Asian countries among Xi’an residents has increased significantly, which has contributed to the sales of high-quality goods from the Central Asian region.

    According to the General Administration of Customs of the People’s Republic of China, in 2024, trade turnover between China and Central Asian countries amounted to USD 94.8 billion, which is USD 5.4 billion more than the previous year.

    “China is the most important investment and trade partner of the Central Asian countries,” said Sun Weidong, Secretary General of the China-Central Asia format.

    According to him, within the framework of the joint construction of the Belt and Road, China and the Central Asian countries, by strengthening the alignment of their development strategies, carry out comprehensive cooperation based on the principle of mutual benefit, while cooperation in such areas as digital trade and cross-border transportation is developing dynamically.

    As one of the important achievements of the China-Central Asia Summit, Kazakhstan’s logistics center in Xi’an was officially put into operation in February 2024. By the end of May this year, it had already processed more than 180 thousand tons of cargo.

    This center with a total area of about 6.67 hectares and a design capacity of more than 655 thousand standard containers per year significantly increases the efficiency of sending trains from Xi’an to Central Asia. Currently, the center serves as a trade and logistics collection and distribution center for Kazakhstan in China.

    “Thanks to this center, goods from Kazakhstan, after consolidation in Xi’an, can directly go to the Guangxi Zhuang Autonomous Region /South China/, and then end up in the markets of Southeast Asian countries, which has opened an important international trade corridor for Central Asian countries,” said Darkhan Yesengulov, deputy sales manager at China-Kazakhstan (Xi’an) Trade and Logistics Co., Ltd.

    SCIENTIFIC AND TECHNICAL COOPERATION IN THE COURSE OF “GREEN DEVELOPMENT”

    In recent years, as practical cooperation between China and Central Asia deepens, high-level planning for bilateral green and low-carbon cooperation has been improved.

    Following the first China-Central Asia summit, a list of agreements and initiatives was published. Among them is “Carrying out China-Central Asia green and low-carbon development activities to deepen cooperation in green development and combating climate change.”

    The Turgusun hydroelectric power station, which was put into operation in July 2021, is the first key hydropower project implemented under the joint construction of the Belt and Road Initiative between Kazakhstan and China. After its completion, it was able to compensate for half of the electricity deficit in the Altay region of East Kazakhstan, thereby effectively alleviating the power shortage in the region.

    “During the construction of the hydroelectric power station, more than 200 jobs were created for local residents. This hydroelectric power station showed the world that through technical cooperation and exchange of experience, we can achieve mutually beneficial results in the economy, society and ecology,” said Asset Maksut, director of Turgusun-1 and Turgusun-2 LLP.

    The prospects for cooperation between China and Central Asia in the field of electric vehicles are also very broad. Chinese electric vehicle manufacturers operate in Uzbekistan and Tajikistan.

    “Electric cars from China are more popular in Central Asian countries. Alternative energy is a new area of cooperation between China and Central Asian countries,” said Ma Bin, a research fellow at the Center for Russian and Central Asian Studies at Fudan University.

    According to him, China and Central Asian countries jointly advocate the concept of green, low-carbon, circular and sustainable development. These concepts determine the direction of countries’ efforts in the energy and technology sectors, and also lay the foundation for further cooperation.

    Ecologist, board member of the Green Alliance of Kyrgyzstan Anara Sultangazieva believes that in the context of global environmental problems and climate change, countries share a common concept of “green development” in order to mitigate their consequences. “Especially in the area of agricultural development in order to ensure food security in the context of water shortages in Central Asian countries.”

    HUMANITARIAN EXCHANGES FOR SUSTAINABLE DEVELOPMENT

    China and Central Asian countries are actively developing cooperation in tourism, joint archaeological research, educational exchanges, etc., which strengthens the social foundations and popular support base for cooperation.

    China has now become one of the main study destinations for students from Central Asian countries. With its rich educational and scientific resources, Xi’an has become one of the popular cities for students from this region.

    According to the data, the Xi’an government has established a program to train students from five Central Asian countries, and has successfully enrolled 450 students from these countries by 2024.

    “Chinese culture has a deep influence on the Central Asian region, and the unique charm of Central Asian cultures also greatly attracts Chinese people,” said Nurmammedov Dovraniz from Turkmenistan, who is studying archaeology at Northwest University of China.

    According to the young man, mutual cultural attraction is a solid foundation for building a community of shared destiny between China and Central Asia.

    “China’s cooperation with Central Asian countries in all areas is rapidly deepening and developing. The youth of our countries are living in a “golden age”, they have bright prospects and broad opportunities for development,” Sun Weidong noted.

    Vice-Rector for International Relations of the Tajik Technical University named after Academician M. Osimi Rauf Jurakhonzoda noted that in recent years there has been a positive trend in cultural and humanitarian exchanges between China and Tajikistan.

    A striking example of this, according to him, is the launch in Tajikistan of the first “Luban Workshop” in Central Asia, aimed at training engineering personnel for the industrialization and modernization of the country.

    “We plan to introduce new formats of cooperation with Chinese universities. This is not only a contribution to the development of education, but also strengthening the friendship between our peoples,” added R. Jurakhonzoda.

    On June 7, the first China-Central Asia international tourist train returned to Xi’an. The train with more than 200 passengers departed from Xi’an on May 29 for Almaty, Kazakhstan. It left China via the Khorgos railway checkpoint in the Xinjiang Uygur Autonomous Region /Northwest China/.

    Let us recall that in May 2023, China and Kazakhstan signed an intergovernmental agreement on mutual exemption from visa requirements, which officially entered into force in November of the same year. 2024 was the Year of Kazakhstan Tourism in China, and 2025 has been declared the Year of China Tourism in Kazakhstan.

    According to Li Jiang, deputy head of Horgos Customs, the launch of the above-mentioned international tourist train has laid a new foundation for deepening connectivity and promoting people-to-people exchanges between China and Central Asian countries.

    In addition, on June 1, 2025, the Agreement between the Government of the People’s Republic of China and the Government of the Republic of Uzbekistan on mutual exemption from visa requirements entered into force.

    “Undoubtedly, this will contribute to the development of the tourism sector and increase the tourist flow,” said the Minister-Counselor of the Embassy of Uzbekistan in China Saidkamol Agzamkhodjaev, adding that Uzbekistan intends to increase the number of Chinese tourists visiting Uzbekistan annually to 1 million people.

    “As a ‘lubricant’ for the development of China’s relations with Central Asian countries, humanitarian exchanges contribute to their sustainable and healthy development,” Ma Bin emphasized.

    Sun Weidong noted that China’s relations with Central Asian countries will develop to a higher level, and their cooperation will expand to broader areas, which will contribute to the deep and thorough advancement of building a community with a shared future for China and Central Asia.

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Hong Kong’s Gross National Income and external primary income flows for the first quarter of 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released today (June 16) the preliminary statistics on Hong Kong’s Gross National Income (GNI) and related figures for the first quarter of 2025.
     
         Hong Kong’s GNI, which denotes the total income earned by Hong Kong residents from engaging in various economic activities, increased by 6.2% in the first quarter of 2025 over a year earlier to $879.4 billion at current market prices. The Gross Domestic Product (GDP), estimated at $799.7 billion at current market prices in the same quarter, recorded a 4.3% increase over a year earlier. The value of GNI was larger than GDP by $79.7 billion in the first quarter of 2025, which was equivalent to 10.0% of GDP in that quarter, mainly attributable to a net inflow of investment income.
     
         After netting out the effect of price changes over the same period, Hong Kong’s GNI increased by 4.0% in real terms in the first quarter of 2025 over a year earlier. The corresponding GDP in the same quarter increased by 3.1% in real terms.
     
         Hong Kong’s total inflow of primary income, which mainly comprises investment income, estimated at $521.3 billion in the first quarter of 2025 and equivalent to 65.2% of GDP in that quarter, recorded an increase of 5.3% over a year earlier.  Meanwhile, total primary income outflow, estimated at $441.6 billion in the first quarter of 2025 and equivalent to 55.2% of GDP in that quarter, also increased by 1.8% over a year earlier.
     
         As for the major components of investment income inflow, direct investment income (DII) increased by 3.4% over a year earlier, mainly due to the increase in earnings of some prominent local enterprises from their direct investment abroad.  Portfolio investment income (PII) recorded a significant increase of 36.7% over a year earlier, mainly attributable to the increase in dividend income received by resident investors from their holdings of non-resident equity securities and the increase in interest income received by resident investors from their holdings of non-resident debt securities.
     
         Regarding the major components of investment income outflow, DII increased by 4.2% over a year earlier, mainly due to the increase in earnings of some prominent multinational enterprises from their direct investment in Hong Kong. PII increased significantly by 14.0%, mainly attributable to the increase in interest payout to non-resident investors from their holdings of resident debt securities.
     
         Analysed by country/territory, the mainland of China continued to be the largest source of Hong Kong’s total primary income inflow in the first quarter of 2025, accounting for 42.4%. This was followed by the British Virgin Islands (BVI), with a share of 16.7%. Regarding total primary income outflow, the mainland of China and the BVI remained the most important destinations in the first quarter of 2025, accounting for 29.9% and 21.3% respectively.
     
    Further Information
     
         GDP and GNI are closely related indicators for measuring economic performance. GDP is a measure of the total value of production of all resident producing units of an economy. GNI denotes the total income earned by residents of an economy from engaging in various economic activities, irrespective of whether the economic activities are carried out within the economic territory of the economy or outside.
     
         Figures of GNI and primary income flows analysed by income component from the second quarter of 2023 to the first quarter of 2025 are presented in Table A, while selected major country/territory breakdowns of primary income inflow and outflow for the same quarters are presented in Tables B(1) and B(2) respectively.
     
         Statistics on GDP and GNI from 2023 onwards and primary income flows from 2024 onwards are subject to revision when more data are incorporated.
     
         More detailed statistics are given in the report “Gross National Income and External Primary Income Flows, First Quarter 2025”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1040005&scode=250).
     
         For enquiries about GNI and related statistics, please contact the Balance of Payments Branch (2) of the C&SD (Tel: 3903 7054 or email: gni@censtatd.gov.hk).

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Volume and price statistics of external merchandise trade in April 2025

    Source: Hong Kong Government special administrative region

    Volume and price statistics of external merchandise trade in April 2025 
         In April 2025, the volume of Hong Kong’s total exports of goods and imports of goods increased by 12.3% and 13.4% respectively over April 2024.
     
         Comparing the first four months of 2025 with the same period in 2024, the volume of Hong Kong’s total exports of goods and imports of goods increased by 9.6% and 8.9% respectively.
     
         Comparing the three-month period ending April 2025 with the preceding three months on a seasonally adjusted basis, the volume of total exports of goods and imports of goods increased by 10.4% and 10.3% respectively.
     
         Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.
     
         Comparing April 2025 with April 2024, the prices of total exports of goods and imports of goods increased by 2.2% and 2.1% respectively.
     
         As regards price changes in the first four months of 2025 over the same period in 2024, the prices of total exports of goods and imports of goods both increased by 2.0%.
     
         Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.
     
         The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2024, the index increased by 0.1% in April 2025, whereas it remained virtually unchanged in the first four months of 2025.
     
         Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.
     
         Comparing April 2025 with April 2024, increases were recorded for the total export volume to all main destinations: Vietnam (45.3%), India (23.2%), the mainland of China (the Mainland) (20.2%), Taiwan (18.2%) and the USA (0.3%).
     
         Over the same period of comparison, the total export prices to Taiwan (4.8%), the Mainland (2.3%), Vietnam (2.0%) and the USA (0.9%) increased. On the other hand, the total export prices to India decreased by 1.2%.
     
         Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.
     
         Comparing April 2025 with April 2024, increases were recorded for the import volume from Vietnam (93.6%), Taiwan (41.8%), the Mainland (14.5%) and Singapore (5.0%). On the other hand, the import volume from Korea decreased by 25.8%.
     
         Over the same period of comparison, the import prices from all main suppliers increased: Korea (5.3%), Taiwan (5.2%), Singapore (2.4%), Vietnam (0.7%) and the Mainland (0.6%).
     
    Further information
     
         Details of the above statistics are published in the April 2025 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230 
         Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).
    Issued at HKT 16:30

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