Category: China

  • MIL-OSI USA: ICYMI: Stefanik Joined Mornings with Maria on FBN to Speak About Enacting President Trump’s Agenda, Harvard’s Ties to China, and Joe Biden’s Health Scandal

    Source: United States House of Representatives – Congresswoman Elise Stefanik (21st District of New York)

    ICYMI: Stefanik Joined Mornings with Maria on FBN to Speak About Enacting President Trump’s Agenda, Harvard’s Ties to China, and Joe Biden’s Health Scandal | Press Releases | Congresswoman Elise Stefanik

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  • MIL-OSI China: Philippines should stop risky infringements and provocations: Defense Spokesperson 2025-05-15 “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

    Source: People’s Republic of China – Ministry of National Defense 2

      BEIJING, May 15 — “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

      It is reported that recently the Philippines has frequently sent its frigates in an attempt to intrude into the territorial waters of China’s Huangyan Dao, and claimed that the Chinese military vessels took high-risk maneuvers.

      When being asked to share comment, Senior Colonel Jiang Bin, spokesperson for China’s Ministry of National Defense, stressed that Huangyan Dao is China’s inherent territory. 

      According to the spokesperson, in recent days, the Philippine military vessels attempted to intrude into the territorial waters of China’s Huangyan Dao. “The Chinese side took necessary measures to stop and dispel them, which was completely legitimate, legal, professional and restrained,” said the spokesperson, adding that the Philippine side’s actions were highly irresponsible and severely threatened China’s sovereignty and security by approaching Chinese vessels in a dangerous manner. 

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    MIL OSI China News

  • MIL-OSI China: Regular Press Briefing of the Ministry of National Defense on May 15th, 2025 2025-05-20 On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense 2

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    (The following English text is for reference. In case of any divergence of interpretation, the Chinese text shall prevail.)

    Jiang Bin: Friends from the media, good afternoon. I’m Jiang Bin, Deputy Director-General of the Information Office of the Ministry of National Defense (MND) and the new Spokesperson for the MND. It is a great honor to meet you all in this new role. I will do my utmost to carry forward the baton passed on by my predecessors, release timely updates on national defense and military development, and tell the stories of the Chinese military in the new era. I will communicate with you sincerely, respond to your concerns earnestly, and work with you in the spirit of mutual understanding and support, to show the world a true, multidimensional and comprehensive picture of the Chinese military. Thank you!

    First, I would like to announce one piece of news.

    The 2nd Meeting of China-Brunei Joint Defence Working Committee (JDWC) was convened in Beijing on May 14. Both sides had in-depth exchange of views on friendly cooperation between the two militaries and relevant international and regional issues, and agreed to strengthen communication and coordination on policy and planning between their international military cooperation organs, promote exchanges and cooperation in various fields, and jointly maintain regional peace and tranquility.

    Journalist: Recently, President Xi Jinpingpaid a state visit to Russia and attended the celebrations marking the 80th anniversary of the Victory in the Great Patriotic War of the Soviet Union, during which a contingent of the PLA Guard of Honor participated in the military parade. How will the Chinese side promote military-to-military relations with Russia?

    Jiang Bin: This year marks the 80th year of the victory of the Chinese People’s War of Resistance Against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War. On this special historical occasion, President Xi Jinping paid a state visit to Russia upon invitation, and attended the celebrations marking the 80th anniversary of the Victory in the Great Patriotic War of the Soviet Union. President Xi Jinping held talks with President Putin, and had in-depth exchange of views on China-Russia relations and major international and regional issues. They agreed to unswervingly deepen strategic coordination, and promote the stable, sound and high-level development of China-Russia relationship. During the visit, a contingent of the PLA Guard of Honor participated in the Red Square Military Parade, which was widely publicized and warmly welcomed.

    In recent years, China-Russia military-to-military relationship has been operating at a high level. We’ve had frequent high-level exchanges, conducted joint strategic air patrols and joint maritime exercises, and rendered support to each other in holding important commemorative celebrations. Under the strategic guidance of the two heads of state, the Chinese military stands ready to work with the Russian side to further deepen strategic mutual trust, step up strategic communication, and expand practical cooperation, so as to strengthen the sound momentum of military-to-military relations, enrich the content of China-Russia comprehensive strategic partnership of coordination for a new era, and contribute to maintaining and strengthening global strategic stability.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    Journalist: It is reported that China and Singapore are holding China-Singapore Exercise Cooperation-2025 joint maritime exercise. Please further brief us on the exercise.

    Jiang Bin: China-Singapore Exercise Cooperation-2025 joint maritime exercise is being held in Changi Naval Base and in the waters and airspace to the east of Singapore from May 9 to 16. The guided-missile frigate PLANS Xuchang and the mine countermeasure vessel PLANS Chishui, together with the RSS (Republic of Singapore Ship) Steadfast-class frigate and the RSS Bedok-class mine countermeasure vessel, participated in the exercise. With joint command and planning, the two sides conducted live exercises on naval gunfire against sea targets, replenishment-at-sea, joint search and rescue and other subjects. The exercise tested tactical command coordination and joint operations capability of the participating forces. During the exercise, the troops also had professional seminars, on-board visits and cultural and sports activities. It is the 4th edition of this series of exercise, which is significant for further promoting practical cooperation and strengthening joint maritime operations capability between the two sides.

    Journalist: It is reported that recently the Philippines has frequently sent patrol vessels in an attempt to intrude into the territorial sea of China’s Huangyan Dao, and claimed that the Chinese military vessels took high-risk maneuvers. What’s your comment?

    Jiang Bin: Huangyan Dao is China’s inherent territory. In recent days, the Philippine military vessels attempted to intrude into the territorial sea of China’s Huangyan Dao. The Chinese side took necessary measures to stop and dispel them, which was completely legitimate, legal, professional and restrained. The Philippine side’s actions were highly irresponsible, and severely threatened China’s sovereignty and security by approaching Chinese vessels in a dangerous manner. We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    Journalist: According to reports, the Democratic Progressive Party (DPP) authorities recently held their first-ever event commemorating Victory in Europe (V-E) Day of WWII at the Taipei Guest House, which once served as the Governor-General’s residence during Japan’s colonial rule. During the event, Lai Ching-te made the unfounded claim that Taiwan and Europe are now facing threats from a so-called “new authoritarian bloc.” What’s your comment on this?

    Jiang Bin: Lai Ching-te has been engaging in authoritarian practices, intensifying the “green terror” on the island, provoking cross-Strait antagonism and confrontation, and heightening tensions and instability in the Taiwan Strait. He is a true “saboteur of cross-Strait peace” and  “creator of the Taiwan Strait crisis.” In a shameless attempt to seize the spotlight and assert his presence, Lai Ching-te stood on the ground once trampled by Japanese invaders and brazenly peddled deceptive rhetoric. By distorting the history of WWII and inserting separatist narratives, he has betrayed the Chinese nation, which is a disgraceful act beneath contempt.

    This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War, as well as the recovery of Taiwan to China. Taiwan’s return to China is an important part of the victory of WWII and the post-war international order. A number of international legal instruments including the Cairo Declaration and the Potsdam Proclamation have affirmed China’s sovereignty over Taiwan in clear-cut terms. This is an indisputable fact supported by history and the law. The historical trend that China will and must achieve reunification is unstoppable. Any words or deeds that forget the ancestry or solicit external support for “Taiwan independence” is surely disdained by the people and condemned by history.

    MIL OSI China News

  • From Muridke to Bahawalpur: The revolving-door terror networks of Pakistan

    Source: Government of India

    Source: Government of India (4)

    Operation Sindoor, launched by India on the night of 6–7 May to punish the terror masterminds and operatives based in Pakistan who were responsible for the Pahalgam terror incident, significantly destroyed the Lashkar-e-Taiba headquarters in Muridke and the Jaish-e-Muhammad headquarters at Bahawalpur in Pakistan’s Punjab province.

    In the heinous terror incident of 22 April in Pahalgam, a group of terrorists, including two Pakistanis, killed 26 civilians. The strike drew widespread condemnation around the world.

    In a swift surgical strike, carried out with precision bombing, nine major terror camps—including those at Muridke and Bahawalpur, were hit hard, inflicting grave damage on Pakistan’s terror infrastructure. Acting on intelligence inputs to avoid collateral damage, the planners selected targets away from civilian areas.

    Although the operation focused only on terror facilities and not Pakistani military installations, Pakistan’s long record of using terrorism as state policy, and of nurturing such groups, casts a shadow of dubious diplomacy. In effect, external terrorism remains an inseparable political tool in Pakistan’s geopolitical strategy.

    Sanctions, Leadership, and the Survival Playbook of Pakistan-Based Terrorist Groups

    Three Pakistan-rooted terrorist organisations dominate violence directed at India, particularly Jammu & Kashmir: Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM) and Hizbul Mujahideen (HM). These organisations are outlawed in India and, and in many other countries across the world, including global organisations like the United Nations. They are designated Foreign Terrorist Organisations (FTOs) by the United States, and both LeT and JeM are proscribed even in Pakistan. Their leaders are blacklisted and their bank accounts and assets frozen.

    Yet they endure. Their secret lies in a nimble ability to shed one skin and grow another: when a parent body is proscribed, a “charity”, “relief trust” or freshly minted political outfit swiftly takes its place.

    The pattern is starkest in the case of Sajid Mir, the Lashkar commander who masterminded the 2008 Mumbai attacks. For years, Islamabad insisted he was either dead or untraceable; only when the Financial Action Task Force (FATF) threatened economic pain did the authorities quietly arrest and convict him, on the safer charge of terror financing rather than mass murder. His story captures both the power, and the limits, of external pressure on Pakistan’s counter-terrorism calculus.

    A quick glance at the ban record

    Organisation

    Proscribed in Pakistan

    UN designation

    US FTO designation

    Lashkar-e-Taiba

    Jan 2002

    2 May 2005

    26 Dec 2001

    Jaish-e-Mohammed

    Jan 2002

    17 Oct 2001

    26 Dec 2001

    Hizbul Mujahideen

    ———

    ——-

    16 Aug 2017

    FTO – Foreign Terrorist Organisation

    Lashkar-e-Taiba

    Founded in the late 1980s by Hafiz Muhammad Saeed, LeT styled itself the “Army of the Pure”, determined to wrest Kashmir, and ultimately the whole of India, for Pakistan, and establish a Muslim caliphate across the sub-continent. Its signature atrocities include the 2001 attack on India’s Parliament, the 2006 Mumbai train bombings, and, most infamously, the three-day siege of Mumbai in November 2008 that left 166 people dead.

    Pakistan banned LeT in January 2002, but the movement simply morphed into Jamaat-ud-Dawa (JuD), already registered as a charity. When JuD itself came under pressure, fund-raising flowed through the Falah-e-Insaniat Foundation (FIF), Idara Khidmat-e-Khalq, Al-Anfal Trust, and a growing list of anodyne-sounding fronts. Newer offshoots, such as The Resistance Front (TRF), dispense with overt religious branding altogether, making them harder to flag under existing sanctions.

    Saeed’s own journey mirrors that agility. Detained, placed under house arrest, and released several times, he was finally handed a 78-year jail term in 2020, largely under FATF pressure. A US$10 million American reward for information leading to his conviction still stands, but few believe he will ever face trial for the Mumbai carnage.

    Jaish-e-Mohammed

    JeM sprang to life in early 2000 when Masood Azhar called for jihad in Kashmir. Within two years Islamabad had proscribed JeM, yet the group enjoyed a rebirth as Khuddam-ul-Islam and, when that alias fell, as the “charitable” Al-Rehmat Trust.

    Azhar’s personal freedom tells its own tale. Detained and under house arrest between December 2001 and December 2002, with Pakistan failing to charge him for the 2001 Parliament attack, he was reportedly confined again after the 2008 Mumbai attacks, only to “vanish” from public view. In 2019 China finally lifted its veto against listing him at the United Nations, but no Pakistani court has yet secured a conviction.

    Hizbul Mujahideen

    HM’s current chief, Syed Salahuddin, continues to broadcast from Muzaffarabad, calling for Kashmiri accession to Pakistan. The United States declared him a Specially Designated Global Terrorist (SDGT) in 2017 and, weeks later, branded HM itself an FTO. Islamabad’s stance remains ambiguous: a 2003 promise to ban the group was never codified; Salahuddin moves unimpeded in Pakistan-administered Kashmir, granting interviews in which he vows fresh attacks on Indian targets.

    The terror leaders at a glance

    Name

    Group

    UN listing

    US sanctions

    Present status

    Hafiz Muhammad Saeed

    LeT

    10 Dec 2008

    SDGT (May 2008) – USD 10 m bounty

    Serving 78-year term for terror financing

    Masood Azhar

    JeM

    1 May 2019

    SDGT (Nov 2010)

    At large; whereabouts officially “unknown”

    Syed Salahuddin

    HM

     

    SDGT (Jun 2017)

    Operates openly in PoK

    Sajid Mir

    LeT

     

    SDGT (Aug 2012) USD 5 m bounty

    Jailed 2022 for 15½ years on financing charges

     

    Sajid Mir: the man Islamabad declared dead — until it didn’t

    Investigators have long described Sajid Mir as the linchpin of the 2008 Mumbai plot. He recruited David Headley, bank-rolled Headley’s “immigration consultancy” cover in Mumbai, and calmly instructed the gunmen by telephone as the massacre unfolded.

    In 2011 a Chicago grand jury indicted Mir for the Mumbai attack. The United States posted a $5 million reward and, in 2012, the US Treasury designated him an SDGT. When queried, Pakistan first claimed Mir could not be traced; later, policy-makers upgraded his status from “absconding” to “confirmed dead”. Nevertheless, successive US reports on terrorism insisted that Mir was in Pakistan.

    In 2022, under FATF pressure, Mir was quietly arrested; in May 2022, a terrorism court sentenced him to 15½ years’ imprisonment. Tellingly, the conviction was for LeT financing, not for masterminding the 26/11 massacre. The timing is clear: Pakistan needed to exit FATF’s “grey list” and duly showcased Mir’s conviction at the watchdog’s plenary.

    Why the bans keep failing

    • Front-of-house charities – Outfits such as JuD, FIF and Al-Rehmat Trust cloak terrorist networks in a veneer of benevolence, complicating the task for regulators and donors alike.
    • Selective enforcement – Convictions arrive only when outside pressure peaks. Saeed’s 2020 sentence, Mir’s 2022 volte-face and the re-banning of JuD and FIF in 2019 all coincided with looming FATF deadlines or worldwide outrage after high-profile attacks. Almost immediately, JuD and FIF adopted yet new identities, continuing their radical activity.
    • Strategic utility – Groups focused on Kashmir retain value for elements within Pakistan’s security establishment; leaders deemed “assets” are seldom pursued with vigour.
    • Name-change game – Each new alias restarts the bureaucratic clock. By the time the UN or Washington designates a fresh front, funds and recruits have already flowed through it — and on to the next incarnation.

    International sanctions, UN blacklists and FATF scrutiny Grey List are not without effect: they put a break on external money flow to the country, freeze bank accounts of terror groups and terrorists, hinder travel, and, in Saeed’s and Mir’s cases, produce prison terms.

    Yet the record that Pakistan maintains reveals a pattern of grudging, piecemeal compliance rather than wholesale dismantling of terrorist infrastructure. Saeed and Mir were jailed on diluted charges, not for the killings they engineered.

    So long as terrorist leaders calculate that they can outwait external pressure; so long as charitable facades provide a revolving door back into business; and so long as the state continues to believe in the notion of “good versus bad” terror, outfits such as Lashkar-e-Taiba, Jaish-e-Mohammed and Hizbul Mujahideen will remain in play.

     

  • MIL-OSI China: China Coast Guard supervises Philippine resupply mission to illegally grounded warship 2025-05-20 18:51:17 China Coast Guard said it had allowed and supervised a Philippine resupply mission to the illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16.

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

      BEIJING, May 20 — China Coast Guard said it had allowed and supervised a Philippine resupply mission to the illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16.

      Liu Dejun, spokesperson for the China Coast Guard (CCG), said on Tuesday that, with the permission of the Chinese side, the Philippines sent a civilian vessel to deliver daily supplies to its illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16. The CCG conducted inquiries, verification and full supervision of the Philippine vessel throughout the operation.  

      The spokesperson urged the Philippine side to honor its commitments, work with China in the same direction, and jointly keep the maritime situation under control. “The CCG will continue to carry out rights-protection and law-enforcement activities in the Nansha Qundao, including the Ren’ai Jiao, and their adjacent waters in accordance with law,” stressed the spokesperson.

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  • MIL-OSI: Bilibili Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights:

    • Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% year over year.
      • Advertising revenues were RMB2.00 billion (US$275.3 million), representing an increase of 20% year over year.
      • Mobile games revenues were RMB1.73 billion (US$238.6 million), representing an increase of 76% year over year.
    • Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% year over year. Gross profit margin reached 36.3%, improving from 28.3% in the same period of 2024.
    • Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.
    • Adjusted net profit1 was RMB361.5 million (US$49.8 million), compared with an adjusted net loss of RMB455.9 million in the same period of 2024.
    • Operating cash flow was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.
    • Average daily active users (DAUs) were 106.7 million, compared with 102.4 million in the same period of 2024.

    “We kicked off 2025 with strong financial results and healthy community metrics in the first quarter,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our DAUs reached 107 million, while MAUs hit a new high of 368 million. As our user base matured—with the average age rising to 26 in 2025—users remained highly engaged and demonstrated growing spending power. Average daily time spent per user hit a record of 108 minutes, and our monthly paying users reached an all-time high of 32 million. With the increasing value of our users and improved monetization efficiency, our total net revenues for the first quarter grew 24% year over year to RMB7.0 billion. Building on this strong momentum, we will continue to unlock the potential of our community by offering more efficient and enhanced commercial solutions. As the go-to video platform for premium content and a vibrant creative culture, Bilibili is uniquely positioned to capture emerging opportunities and sustain long-term growth.”

    Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “In the first quarter, we accelerated revenue growth and expanded our margins. This was driven by outstanding performances from our high-margin advertising and games businesses, which grew by 20% and 76% year over year, respectively. Gross profit increased by 58% year over year, with our gross profit margin rising to 36.3%, up from 28.3% in the same period last year. Supported by our robust topline and margin gains, we sustained an adjusted net profit of RMB361.5 million. Our virtuous operating cycle continues to drive robust operating cash flow, generating RMB1.30 billion in the quarter. Moving forward, we will continue to focus on profitable growth by scaling our business and community through efficient, sustainable operations, and delivering long-term value to our shareholders.”

    First Quarter 2025 Financial Results

    Total net revenues. Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% from the same period of 2024.

    Value-added services (VAS). Revenues from VAS were RMB2.81 billion (US$386.9 million), representing an increase of 11% from the same period of 2024, mainly attributable to increased revenues from live broadcasting and other value-added services.

    Advertising. Revenues from advertising were RMB2.00 billion (US$275.3 million), representing an increase of 20% from the same period of 2024, mainly attributable to strong revenue growth in performance-based advertising.

    Mobile games. Revenues from mobile games were RMB1.73 billion (US$238.6 million), representing an increase of 76% from the same period of 2024, mainly attributable to the strong performance of the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    IP derivatives and others. Revenues from IP derivatives and others were RMB467.1 million (US$64.4 million), representing a decrease of 4% from the same period of 2024.

    Cost of revenues. Cost of revenues was RMB4.46 billion (US$615.2 million), representing an increase of 10% from the same period of 2024. The increase was mainly due to higher revenue-sharing costs and was partially offset by lower content costs. Revenue-sharing costs, a key component of cost of revenues, were RMB2.67 billion (US$368.1 million), representing an increase of 19% from the same period of 2024, mainly due to an increase in mobile games-related revenue-sharing costs.

    Gross profit. Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% from the same period of 2024, mainly attributable to the growth in total net revenues and relatively stable costs related to platform operations as the Company enhanced its monetization efficiency.

    Total operating expenses. Total operating expenses were RMB2.52 billion (US$347.8 million), representing an increase of 4% from the same period of 2024.

    Sales and marketing expenses. Sales and marketing expenses were RMB1.17 billion (US$160.8 million), representing a 26% increase from the same period of 2024. The increase was primarily attributable to one-off marketing expenses related to the Company’s partnership with CCTV for the 2025 Spring Festival Gala as the exclusive bullet chat live broadcasting and content platform, as well as higher year-over-year promotion expenses for the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    General and administrative expenses. General and administrative expenses were RMB515.6 million (US$71.1 million), representing a decrease of 3% compared with the same period of 2024.

    Research and development expenses. Research and development expenses were RMB841.5 million (US$116.0 million), representing a 13% decrease from the same period of 2024. The decrease was mainly attributable to improved research and development efficiency.

    Profit/(loss) from operations. Profit from operations was RMB15.0 million (US$2.1 million), compared with a loss of RMB818.6 million from the same period of 2024.

    Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB342.5 million (US$47.2 million), compared with an adjusted loss from operations of RMB512.2 million from the same period of 2024.

    Total other (expenses)/income, net. Total other expenses were RMB14.1 million (US$1.9 million), compared with total other income of RMB55.5 million in the same period of 2024.

    Income tax expense. Income tax expense was RMB11.6 million (US$1.6 million), compared with RMB1.6 million in the same period of 2024.

    Net loss. Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.

    Adjusted net profit/(loss)1. Adjusted net profit was RMB361.5 million (US$49.8 million), compared with an adjusted loss of RMB455.9 million in the same period of 2024.

    Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB0.02 (US$0.00) each, compared with basic and diluted net loss per share of RMB1.80 each in the same period of 2024. Adjusted basic and diluted net profit per share were RMB0.86 (US$0.12) and RMB0.85 (US$0.12), respectively, compared with an adjusted basic and diluted net loss per share of RMB1.06 each in the same period of 2024.

    Net cash provided by operating activities. Net cash provided by operating activities was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.

    Cash and cash equivalents, time deposits and short-term investments. As of March 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB17.40 billion (US$2.40 billion).

    Convertible Senior Notes. As of March 31, 2025, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$13.4 million (RMB96.2 million).

    Changes in Board Committees

    The Company’s board of directors (the “Board”) approved the separation of the Nominating and Corporate Governance Committee into two distinct committees. Effective from May 20, 2025, the Nomination Committee and the Corporate Governance Committee will each operate under separate charters with defined functions and responsibilities. The Nomination Committee will comprise Mr. JP Gan, Mr. Eric He, Mr. Feng Li and Ms. Ni Li, with Mr. JP Gan serving as chairperson. The Corporate Governance Committee will comprise Mr. JP Gan, Mr. Eric He and Mr. Feng Li, with Mr. JP Gan serving as chairperson. Charters of each communitee will be published on the Company’s investor relations website at http://ir.bilibili.com and The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk.

    1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Conference Call

    The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 20, 2025 (8:00 PM Beijing/Hong Kong Time on May 20, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

    Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    Use of Non-GAAP Financial Measures

    The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, and gain/loss on repurchase of convertible senior notes. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

    The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Exchange Rate Information

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications 
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications 
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    BILIBILI INC.
    Unaudited Condensed Consolidated Statements of Operations
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
               
    Net revenues:          
    Value-added services (VAS) 2,528,909     3,083,071     2,807,340  
    Advertising 1,668,584     2,388,673     1,997,635  
    Mobile games 982,810     1,797,537     1,731,155  
    IP derivatives and others 484,297     464,880     467,118  
    Total net revenues 5,664,600     7,734,161     7,003,248  
    Cost of revenues (4,059,240 )   (4,945,945 )   (4,464,150 )
    Gross profit 1,605,360     2,788,216     2,539,098  
               
    Operating expenses:          
    Sales and marketing expenses (927,059 )   (1,236,593 )   (1,166,975 )
    General and administrative expenses (531,777 )   (505,861 )   (515,638 )
    Research and development expenses (965,120 )   (919,321 )   (841,477 )
    Total operating expenses (2,423,956 )   (2,661,775 )   (2,524,090 )
    (Loss)/profit from operations (818,596 )   126,441     15,008  
               
    Other income/(expenses):          
    Investment loss, net (including impairments) (21,249 )   (283,191 )   (62,203 )
    Interest income 133,207     110,150     94,173  
    Interest expense (31,574 )   (19,986 )   (32,571 )
    Exchange (losses)/gains (58,060 )   10,529     (11,659 )
    Debt extinguishment loss (20,980 )   (17,649 )    
    Others, net 54,183     139,107     (1,837 )
    Total other income/(expenses), net 55,527     (61,040 )   (14,097 )
    (Loss)/profit before income tax expenses (763,069 )   65,401     911  
    Income tax (expense)/benefit (1,562 )   23,533     (11,588 )
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Net (loss)/profit attributable to the Bilibili Inc.’s shareholders (748,545 )   89,960     (9,102 )
    Net (loss)/profit per share, basic (1.80 )         0.22     (0.02 )
    Net (loss)/profit per ADS, basic (1.80 )   0.22     (0.02 )
    Net (loss)/profit per share, diluted (1.80 )   0.21     (0.02 )
    Net (loss)/profit per ADS, diluted (1.80 )   0.21     (0.02 )
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     420,086,397  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     420,086,397  
               

    The accompanying notes are an integral part of press release.

    BILIBILI INC.
    NOTES TO UNAUDITED FINANCIAL INFORMATION
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024   2024   2025
      RMB   RMB   RMB
               
    Share-based compensation expenses included in:          
    Cost of revenues 13,677   25,350   23,996
    Sales and marketing expenses 12,560   18,524   16,417
    General and administrative expenses 157,824   137,513   144,497
    Research and development expenses 80,525   113,649   105,855
    Total 264,586   295,036   290,765
     
    BILIBILI INC.
    Unaudited Condensed Consolidated Balance Sheets
    (All amounts in thousands, except for share and per share data)
     
      December
    31,
      March
    31,
      2024    2025 
      RMB   RMB
           
    Assets      
    Current assets:      
    Cash and cash equivalents 10,249,382     9,601,900  
    Time deposits 3,588,475     3,937,921  
    Restricted cash 50,000     50,950  
    Accounts receivable, net 1,226,875     1,007,515  
    Prepayments and other current assets 1,934,788     2,124,271  
    Short-term investments 2,706,535     3,856,835  
    Total current assets 19,756,055     20,579,392  
    Non-current assets:      
    Property and equipment, net 589,227     522,109  
    Production cost, net 1,851,207     1,753,344  
    Intangible assets, net 3,201,012     3,199,545  
    Goodwill 2,725,130     2,725,130  
    Long-term investments, net 3,911,592     3,919,494  
    Other long-term assets 664,277     581,476  
    Total non-current assets 12,942,445     12,701,098  
    Total assets 32,698,500     33,280,490  
    Liabilities      
    Current liabilities:      
    Accounts payable 4,801,416     4,983,062  
    Salary and welfare payables 1,599,482     1,200,571  
    Taxes payable 428,932     376,961  
    Short-term loan and current portion of long-term debt 1,571,836     1,818,124  
    Deferred revenue 3,802,307     3,848,682  
    Accrued liabilities and other payables 2,558,830     2,877,377  
    Total current liabilities 14,762,803     15,104,777  
    Non-current liabilities:      
    Long-term debt 3,264,153     3,264,089  
    Other long-term liabilities 567,631     531,276  
         Total non-current liabilities 3,831,784     3,795,365  
    Total liabilities 18,594,587     18,900,142  
           
    Total Bilibili Inc.’s shareholders’ equity 14,108,397     14,386,407  
    Noncontrolling interests (4,484 )   (6,059 )
    Total shareholders’ equity 14,103,913     14,380,348  
           
    Total liabilities and shareholders’ equity 32,698,500     33,280,490  
           
    BILIBILI INC.  
    Unaudited Selected Condensed Consolidated Cash Flows Data  
    (All amounts in thousands, except for share and per share data)  
       
      For the Three Months Ended  
      March
    31,
      December
    31,
      March
    31,
     
      2024   2024   2025  
      RMB   RMB   RMB  
                 
    Net cash provided by operating activities 637,697   1,400,988   1,302,095  
     
    BILIBILI INC.
    Unaudited Reconciliations of GAAP and Non-GAAP Results
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
    (Loss)/profit from operations (818,596 )   126,441     15,008  
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Adjusted (loss)/profit from operations (512,234 )   463,058     342,465  
               
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Income tax related to intangible assets acquired through business acquisitions (5,407 )   (5,358 )   (4,136 )
    (Gain)/loss on fair value change in investments in publicly traded companies (13,186 )   14,177     48,869  
    Loss on repurchase of convertible senior notes 20,980     17,649      
    Adjusted net (loss)/profit (455,882 )   452,019     361,513  
               
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders (439,796 )   453,045     363,088  
    Adjusted net (loss)/profit per share, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per ADS, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per share, diluted (1.06 )   1.07     0.85  
    Adjusted net (loss)/profit per ADS, diluted (1.06 )   1.07     0.85  
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     425,602,954  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     425,602,954  

    The MIL Network

  • MIL-OSI: Radware and MAIRE Team Up to Deliver Managed Security Services

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J. and MILAN, May 20, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, and MAIRE, a leading technology and engineering group focused on advancing the Energy Transition, have further expanded their relationship. MAIRE is adding Radware’s AI-powered Cloud Application Protection Services to its managed services portfolio and leveraging Radware’s content delivery network to enhance its security offering for customers.

    MAIRE also uses Radware’s Cloud Application Protection Service to safeguard its global infrastructure from cyber threats. Milan-based MAIRE is present in 50 countries and employs over 9,800 people supported by approximately 50,000 professionals involved in its project worldwide.

    “Our expanded relationship with Radware is grounded in our shared focus on innovation,” said Andrea Sgarlata, identity manager at MAIRE group. “We were looking for a technology partner that could enhance our security offering with state-of-the-art protection, added flexibility and worldwide coverage, enabling our customers to combat even the most sophisticated cyber attacks. Radware is unique in its ability to establish accurate security baselines by continuously studying application traffic and then automatically fine-tuning security policies to block malicious behavior without disrupting legitimate traffic.”

    As part of Radware’s Cloud Application Protection Service, MAIRE is leveraging Radware’s web application firewall (WAF), bot detection and management, and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution defends against 150+ known attack vectors. This includes the OWASP’s Top 10 Web Application Security Risks, Top 10 API Security Vulnerabilities, and Top 21 Automated Threats to Web Applications.

    Radware’s application security stack is integrated with a high-capacity content delivery network (CDN) solution. The CDN has a global footprint that spans over 600 points of presence in more than 100 cities and 50 countries.

    “With the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy,” said Rob Hartley, vice president for Radware in EMEA and CALA. “We look forward to partnering with MAIRE to fill this need and offer customers future-ready application protection solutions designed to reduce their exposure to attacks and improve their security posture.”

    Radware’s DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions have received numerous industry recognitions. Industry analysts such as Aite-Novarica Group, Forrester, Gartner, GigaOm, IDC, KuppingerCole and QKS Group continue to recognize Radware as a market leader in cyber security.

    About MAIRE
    MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide integrated E&C Solutions for the downstream market and Sustainable Technology Solutions through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 50 countries, MAIRE employs nearly 10,000 people, supported by around 50,000 professionals involved in its project worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”).

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that with the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com

    The MIL Network

  • MIL-OSI Russia: WHO countries vote for resolution calling for global agreement to fight pandemics

    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

    GENEVA, May 20 (Xinhua) — Member countries of the World Health Organization (WHO) voted here in favor of a resolution calling for a global agreement to improve pandemic preparedness.

    The WHO pandemic treaty and a resolution calling for its adoption are expected to be adopted on Tuesday at a plenary session of the World Health Assembly, the WHO’s top governing body.

    The agreement to combat pandemics, the first of its kind, addresses gaps and inequalities in pandemic prevention, preparedness and response to promote greater collaboration and cooperation, WHO said in a press release.

    “Governments around the world are making their countries and our interconnected global community fairer, healthier and safer from threats posed by pathogens and viruses with pandemic potential,” said WHO Director-General Tedros Adhanom Ghebreyesus. –0–

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai interviewed by Nippon Television and Yomiuri TV

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai delivers address on first anniversary of taking office  
    On the morning of May 20, President Lai Ching-te delivered an address on the first anniversary of his taking office. In his address, the president stated that the Taiwan of today is a Taiwan of the world, and whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. He said that, looking forward, we will not cower in the face of challenges; rather, we will bravely march forward into the future. We will maintain solidarity, he emphasized, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly.  President Lai stated that moving forward, the government will set up a fund to boost Taiwan’s economic momentum. He also stated that he will be instructing the national security team to initiate a major national security briefing for the chairs of opposition parties, in the hope that leaders of all parties can prioritize our nation’s interests and uphold our nation’s security so that we can tackle our nation’s challenges side by side. A translation of President Lai’s address follows: Yesterday, outside of Beida Elementary School in New Taipei City’s Sanxia District, there was a major traffic accident that, sadly, claimed several lives and resulted in multiple injuries. The Executive Yuan immediately formed a task force, and last night I personally visited the victims in hospital. Central government agencies and the local government will cooperate to provide assistance to the victims’ families. They will work as quickly as possible to determine the cause of the accident and assess areas for improvement, so as to prevent reoccurrence of accidents like this. Today, let me express my deepest condolences to the bereaved families for the unfortunate loss of life and my hope for the quick and full recovery of those injured. The purpose of government is to serve the people. I want to thank the people of Taiwan for entrusting me, one year ago today, with the responsibility of leading the nation bravely forward. I want to thank all my fellow citizens for working hand in hand with the government over this past year. Together, we have overcome numerous challenges to ensure that our nation will keep moving forward.  As we face three major challenges that receive international attention and create the largest impact on our citizens: climate change, the promotion of health, and social resilience, I decided to establish three committees at the Presidential Office. In each committee, we have thus far seen incremental progress. We are working to align ourselves with international standards. The voluntary bottom-up plans of different government agencies plus the top-down approach of the Executive Yuan National Council for Sustainable Development’s Net Zero Emissions Transition Taskforce have produced 20 flagship carbon reduction projects for six major sectors. The government is expected to continue to inject over NT$1 trillion in the budget for the net-zero transition by 2030; and we expect to spur at least NT$5 trillion in private green investment and financing as we work toward the new 2035 NDC target for emissions reductions of 38±2 percent. Taiwan’s air quality has been steadily improving. From 2015 to today, the annual average PM2.5 concentration has dropped from 21.82 to 12.8 μg/m3. Taiwan officially began collecting fees for its carbon fee system this year. With firm resolve, a steady pace, and flexible strategies, we will work to realize the vision of net-zero transition by 2050; and together with the world we will pursue sustainable growth and prosperous development. To address the challenges in the post-pandemic world, we are establishing a national center for disease prevention and control, strengthening our central pandemic response. To promote health for all, we are promoting cancer screening, establishing a fund for new cancer drugs, and launching the five-year, NT$48.9 billion Healthy Taiwan Cultivation Plan. This year, we significantly increased the total National Health Insurance budget by NT$71.2 billion to achieve sustainable NHI development. We aim to create a Healthy Taiwan, keeping people healthy and making the nation stronger so that the world embraces Taiwan. We are also hard at work to enhance our whole-of-society defense resilience. In addition to continuing to assess various aspects of preparedness at the national level and conduct field verification, we have concerted the efforts of various ministries to propose 17 major strategies to respond to national security and united front threats, uniting our people to resist division and protecting our cherished free and democratic way of life. Recently, the Executive Yuan made special budget allocations of NT$410 billion, of which NT$150 billion is aimed to enhance national resilience. On this, we look forward to mutual support from the ruling and opposition parties. As our nation continues on the path forward, challenges and obstacles will continue to emerge. Early last month, the United States announced its new tariff policy, and in response I proposed five major strategies. I also launched industry listening tours, with the aim of working alongside industries to overcome challenges and open up new opportunities. The Executive Yuan is also soliciting opinions from all sectors as quickly as possible to put forward a special act to enhance the resilience of Taiwan’s national security. The annual surplus will be utilized in the special budget allocations totaling NT$410 billion to not only support industries and stabilize employment, but also strengthen the economy, protect people’s livelihoods, enhance resilience in homeland security, and ensure that Taiwan’s industries continue to steadily advance amidst changing circumstances. Notably, in our discussions across different industries, all sectors advocated against raising electricity prices and were in support of government subsidies for Taiwan Power Company. These would offset Taipower’s losses from subsidies to support people’s livelihoods and for industrial electricity usage since the COVID-19 pandemic and Russo-Ukrainian War, both strengthening its finances and stabilizing electricity prices. We look forward to cooperation among the ruling and opposition parties to pass the Executive Yuan’s special budget. All sectors hope to maintain a stable power supply. As energy security is national security, ensuring a stable power supply while developing more forms of green energy is, whether now or in the future, one of the government’s most important tasks. Aside from the issue of electricity prices, the Taiwanese people have also been closely following the recent Taiwan-US tariff negotiations. The first round of in-person talks have concluded, and tariff negotiations are currently still going smoothly. The government will uphold the principles of ensuring national interests and safeguarding industry development, under no circumstances sacrificing any one sector. We will stand firm on Taiwan’s position and, from the basis of deepening Taiwan-US economic and trade relations, strive for optimal negotiation results in a well-paced, balanced manner. Taiwan shares democratic values with our democratic partners around the world. When combined with our adherence to free market principles to foster mutual prosperity, those values are our greatest assets. They form a protective umbrella that allows Taiwanese businesses to unleash their vitality and energy. They are also the most significant mark of distinction between us and authoritarian regimes. For many years now, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation, spurring mutual growth. Among friends, there is always some friction; but that friction is always resolvable. Just as it says in the Bible, “As iron sharpens iron, so one person sharpens another.” Through mutual exchange, friends can smooth out their shortcomings and further hone their strengths. Even when differences arise, so long as there is a foundation built on trust and honest dialogue, friends can better understand one another and further deepen their bonds. Now, Taiwan’s market is global; its stage is international. Going forward, we will hold firm to our democratic values and expand into diverse markets. First, Taiwan’s economic path is clearly established. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. In recent years, Taiwan has updated investment protection agreements with such countries as the Philippines, India, Vietnam, and Thailand, and signed a foreign investment promotion and protection arrangement with Canada. Moving forward, we will endeavor to sign investment protection agreements and double taxation avoidance agreements with our friends and allies. Second, Taiwan’s trade strategy is clearly defined. We will extend our market connections with the US and other free, democratic nations, expanding our presence worldwide. To that end, we have completed the signing of the first agreement under the Taiwan-US Initiative on 21st-Century Trade and signed an enhanced trade partnership arrangement with the United Kingdom. We are in active negotiations on trade agreements with other countries, and we continue to seek admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other mechanisms for regional economic integration. Third, we must ensure that Taiwan’s economy is export-led while expanding domestic demand, concurrently prioritizing strong technological R&D and upgraded traditional industries, and boosting software development, production, and manufacturing. We must also continue tapping into Taiwan’s strengths to attract international firms here to invest and collaborate. In just the past few years, Entegris opened a new manufacturing facility in Kaohsiung, Micron launched a new facility in Taichung, and Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been expanding their presence here. And yesterday, Nvidia even announced that it will establish an overseas headquarters in Taiwan. Through such collaboration across borders, we are introducing advanced technology from overseas and engaging in international R&D. We will build Taiwan into an even more resilient economy. Moving forward, the government will set up a fund to boost Taiwan’s economic momentum. With our sights set on the whole globe, we will invest in international markets, while the government will also set up a sovereign wealth fund and build a national-level investment platform. We will make full use of Taiwan’s industrial advantages and, with the government taking the lead and synergizing private-sector enterprises, expand our global presence and link with major target markets of the AI era. Domestically, we will bolster local supply chains and strengthen industries’ ability to adapt to changing circumstances. The government will enhance the functions of the National Development Fund to achieve industrial restructuring and assist domestic industries and small- and medium-sized enterprises with upgrading and transformation, raising international competitiveness and consolidating domestic industry foundations. My fellow citizens, our market and our values are defined by democracy. Democracy is also a display of our national strength. Taiwan was once the country with the world’s longest martial law period, but now, we are a beacon for democracy in Asia. Our past generations, through valiant sacrifice and devotion, bravely resisted authoritarianism and pursued democracy. Today’s younger generations are able to proactively engage in politics, protect the nation, further entrench democracy, and strive for a diverse Taiwan through all manner of constitutional and legal means, without fear of difficulty. This is the democratic Taiwan we take pride in. I am confident that no one Taiwanese would give up their free and democratic way of life. And no president can abandon the values of freedom and democracy. On the path of democracy, Taiwan never relied on the mobilization of hate; rather, it relied on the participation and coming together of citizens. We do not fear differences in opinion because the core of democracy is about finding, within difference, unity. I have always believed that democratic disputes are resolved through greater exercise of democracy. Over the past year, despite the domestic political situation, ruling and opposition parties formed a delegation to attend the inaugural ceremonies of the president and vice president of the US, demonstrating that democratic Taiwan stands united for deepening Taiwan-US ties. I also, in accordance with the powers granted me by the Constitution, convened a national policy meeting with the heads of the five branches of government, with the hope of achieving reconciliation and encouraging cooperation. I have always been willing, with open arms, to work hard for cross-party dialogue and strengthened cooperation among our political parties. That is why I will be instructing our national security team to initiate a major national security briefing for the chairs of opposition parties. It is hoped that leaders of all parties, regardless of political stance, can prioritize our nation’s interests and uphold our nation’s security; and grounded in shared facts, we can openly and honestly exchange views and discuss matters of national importance, so that we can tackle our nation’s challenges side by side. Later today is the opening ceremony of COMPUTEX TAIPEI, an event that will be closely followed in the international community. Taiwan, as the world’s silicon island, is a central pillar in the global economy and the field of AI, and this event will therefore attract important tech industry figures from around the world. Once a small-scale expo initially held near Taipei’s Songshan Airport, COMPUTEX has continued to grow in scale over the past 40-plus years, and now marks an important milestone in the development of global technological innovation. COMPUTEX is a microcosm of the Taiwan story, an achievement that the people of Taiwan share. The Taiwan of today is a Taiwan of the world. Whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. My fellow citizens, we do not cower in the face of challenges; rather, we bravely march forward into the future. As the saying goes, success is 30 percent destiny and 70 percent hard work. We will maintain solidarity, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly. That is the spirit of us Taiwanese. We will keep working together in solidarity and meet challenges with firm strides, making Taiwan a global beacon, a pilot for world peace, and a force for global prosperity. Thank you.  

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    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

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    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    Details
    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

    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

  • MIL-OSI Asia-Pac: Algernon Yau to visit Chongqing

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau will depart tomorrow for Chongqing, where he will attend the 7th Western China International Fair for Investment & Trade and seek to strengthen Hong Kong’s economic and trade exchanges with the Mainland city.

    Mr Yau will return to Hong Kong on May 23. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Beijing sees progress in multiple construction projects

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

    The Beijing Municipal Commission of Development and Reform recently announced that the city has made key progress in multiple construction projects, covering science and innovation, infrastructure, people’s livelihood, and other areas.

    Beijing Children’s Hospital Affiliated to Capital Medical University, a major pediatric hospital in the city, is building its new campus in Tongzhou district.

    The Tongzhou campus, which will provide 800 new inpatient beds, has seen its main structure completed. Its facade is expected to be fully unveiled by the end of this year.

    With the new campus and the upgrade to its old campus in Chaoyang district, the hospital aims to become a first-grade children’s hospital and research-oriented medical center, said an official of the municipal development and reform commission.

    Regarding transportation projects, the G108 New Line Expressway, a 59.5-kilometer-long expressway that starts from the G5 Beijing-Kunming Expressway in the east and extends to the municipal boundary in the west, has all of its tunnels and interchanges under construction.

    The expressway features 41 bridges, 20 tunnels, and nine interchanges along its entire route, with a design speed of 80 kph. It is expected to enhance flood control capacity in the capital region and boost economic development along its route.

    In Fangshan district, a smart logistic center with a total investment of about 1.07 billion yuan (US$150 million) is under construction. The 143,000-square-meter facility will provide delivery service of daily necessities and emergency supplies for urban operations and disaster response, and will also serve as a distribution platform for advanced manufacturing, deepening integration between logistics and industries.

    MIL OSI China News

  • MIL-OSI China: Chinese peacekeepers to South Sudan start rehabilitating main supply route from Tonj to Romich 2025-05-20 16:36:08 On May 17, the 15th Chinese Peacekeeping Horizontal Engineering Company to the United Nations Mission in South Sudan (UNMISS) launched the rehabilitation of a main supply route from Tonj to Romich.

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

      By Zhang Xiaokun and Chen Longge

      The Chinese peacekeeping engineers set out. (Photo by Zhang Xiaokun)

      WAU, South Sudan, May 20 — On May 17, local time, the 15th Chinese Peacekeeping Horizontal Engineering Company to the United Nations Mission in South Sudan (UNMISS) launched the rehabilitation of a main supply route from Tonj to Romich.

      The route to be repaired covers a total length of about 112 kilometers, which is a vital part of the supply line for the UN to carry out humanitarian relief in South Sudan. Due to long-term conflicts and natural erosion, the original road has been severely damaged, seriously inhibiting the transportation of humanitarian supplies and the travel of local residents.

      Upon receiving the task, the Chinese peacekeeping engineering contingent immediately organized surveys and worked out a construction plan, aiming to complete the rehabilitation process including road flattening, drainage system construction, and subgrade strengthening in 50 working days. According to the plan, the rehabilitation work will involve 43 troops and 23 engineering machines. These troops will camp outdoors throughout the whole process.

      It is learned that since its deployment to the mission area in December last year, the Chinese peacekeeping engineering contingent has completed underground bunker construction, internally displaced persons (IDP) camp resettlement, infrastructure upgrading and reconstruction for the Super Camp, and other tasks, winning high praise from the UNMISS.

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    MIL OSI China News

  • MIL-OSI China: Chinese peacekeepers to South Sudan start rehabilitating main supply route from Tonj to Romich

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

      By Zhang Xiaokun and Chen Longge

      The Chinese peacekeeping engineers set out. (Photo by Zhang Xiaokun)

      WAU, South Sudan, May 20 — On May 17, local time, the 15th Chinese Peacekeeping Horizontal Engineering Company to the United Nations Mission in South Sudan (UNMISS) launched the rehabilitation of a main supply route from Tonj to Romich.

      The route to be repaired covers a total length of about 112 kilometers, which is a vital part of the supply line for the UN to carry out humanitarian relief in South Sudan. Due to long-term conflicts and natural erosion, the original road has been severely damaged, seriously inhibiting the transportation of humanitarian supplies and the travel of local residents.

      Upon receiving the task, the Chinese peacekeeping engineering contingent immediately organized surveys and worked out a construction plan, aiming to complete the rehabilitation process including road flattening, drainage system construction, and subgrade strengthening in 50 working days. According to the plan, the rehabilitation work will involve 43 troops and 23 engineering machines. These troops will camp outdoors throughout the whole process.

      It is learned that since its deployment to the mission area in December last year, the Chinese peacekeeping engineering contingent has completed underground bunker construction, internally displaced persons (IDP) camp resettlement, infrastructure upgrading and reconstruction for the Super Camp, and other tasks, winning high praise from the UNMISS.

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    MIL OSI China News

  • MIL-OSI China: Xi stresses firm confidence in high-quality development during Henan inspection tour

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

    Xi stresses firm confidence in high-quality development during Henan inspection tour

    ZHENGZHOU, May 20 — President Xi Jinping underscored unwavering confidence in boosting high-quality development and enhancing governance efficiency, urging central China’s Henan Province to write a new chapter in advancing Chinese modernization.

    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks during his inspection tour in the province on Monday and Tuesday.

    MIL OSI China News

  • MIL-OSI China: China’s renovation of old residential communities benefits 120 million people by end-2024

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

    China’s renovation of old residential communities benefits 120 million people by end-2024

    BEIJING, May 20 — China renovated 280,000 old residential communities from 2019 to 2024, benefiting more than 120 million people, Vice Minister of Housing and Urban-Rural Development Qin Haixiang said Tuesday.

    The nationwide program has benefited 48 million households, Qin said at a State Council Information Office press conference on a set of guidelines regarding the country’s urban renewal efforts.

    The renovation program has upgraded 360,000 km of aging pipelines, added 3.87 million parking spaces, and constructed 78,000 community service facilities for elderly care and childcare, according to official data.

    Local authorities have focused on addressing residents’ most pressing concerns. They also implemented energy-efficiency renovations covering 446 million square meters of residential buildings nationwide.

    Regions across China have also prioritized installing elevators in existing residential buildings as a key livelihood project. This initiative has particularly benefited the elderly and mobility-impaired.

    “This allows elderly people with mobility difficulties and trouble navigating stairs to now conveniently go downstairs to enjoy sunshine and chat with longtime neighbors,” Qin said. “This benefits their physical and mental health and has been widely welcomed by the communities.”

    By the end of 2024, China’s urbanization rate reached 67 percent, with 940 million people living in urban areas, according to official data. The country is intensifying efforts to advance its urban renewal initiative as it strives to build livable, resilient and smart cities, and to bolster high-quality development.

    In its latest push, China on May 15 unveiled a set of guidelines, pledging increased policy and financial support for urban renewal projects, which can range from gas pipe updates and lift installations to the renovation of old factories into commercial zones.

    The guidelines, issued by the general offices of the Communist Party of China Central Committee and the State Council, are designed to achieve key progress in the country’s urban renewal campaign by 2030. They also aim to improve safety conditions, enhance service efficiency, elevate living environments, develop business models, and preserve cultural heritage.

    “We’re working to improve utilization of existing resources by renovating old factories, inefficient buildings, and traditional commercial facilities,” Qin noted.

    MIL OSI China News

  • MIL-OSI China: China launches renovation for 280,000 old residential compounds since 2019

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

    China has made major strides in improving urban living conditions in recent years, with large-scale renovations transforming aging neighborhoods and enhancing everyday convenience for millions of residents, said Qin Haixiang, vice minister of housing and urban-rural development, at a press conference Tuesday.

    MIL OSI China News

  • MIL-OSI Russia: Representatives from nearly 30 countries will take part in the Moscow Startup Village conference

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    On May 29 and 30, the Skolkovo Innovation Center will host the Startup Village technology conference. It will be held with the support of the Moscow Government. The forum will bring together representatives of startups, large enterprises, specialized organizations from the capital and other regions of Russia, as well as specialists from almost 30 other countries. This was reported by Natalia Sergunina, Deputy Mayor of Moscow.

    “Entrepreneurs will be able to present their new developments, find potential partners and investors, and discuss promising trends in high technology. Experts from countries such as China, Brazil, India, the United Arab Emirates, and Kazakhstan will join the business program,” she noted.

    On May 29, the conference will raise issues important for the technology industry, such as attracting investment and training personnel, and using artificial intelligence in production. On the same day, visitors will learn about ways to enter international markets and priority areas of cooperation for BRICS countries.

    One of the discussions will be devoted to the implementation of innovative solutions of small and medium businesses in space programs. Legal consultations are planned for the same date, where they will talk about the process of obtaining grants and subsidies for patenting inventions.

    On May 30, experts will share advice on how to build work with corporations and make a startup attractive to major players. Also on the final day, experts will consider the best global practices for creating technology parks.

    An exhibition will be opened for the forum visitors, where companies from different regions of Russia will present their projects. At the capital stand alone, over 20 participants of the Moscow Innovation Cluster will demonstrate them.

    The Startup Village conference is organized within the framework of Moscow Entrepreneurship Week. You can view the schedule of events and register for the forum on the website.

    Get the latest news quickly official telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/154052073/

    MIL OSI Russia News

  • MIL-OSI Russia: The Beijing-Hotan tourist train departs

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 20 (Xinhua) — A special tourist train carrying 460 passengers departed from Beijing for Hotan City in northwest China’s Xinjiang Uygur Autonomous Region at 3:33 p.m. Monday.

    BEIJING, May 20 (Xinhua) — A special tourist train carrying 460 passengers departed from Beijing for Hotan City in northwest China’s Xinjiang Uygur Autonomous Region at 3:33 p.m. Monday.

    BEIJING, May 20 (Xinhua) — A special tourist train carrying 460 passengers departed from Beijing for Hotan City in northwest China’s Xinjiang Uygur Autonomous Region at 3:33 p.m. Monday.

    MIL OSI Russia News

  • MIL-OSI Russia: Over 16.9 thousand foreign citizens received Mongolian e-visa in the first four months of 2025

    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, May 20 (Xinhua) — A total of 16,930 foreign nationals have received Mongolia’s e-visa in the first four months of 2025, local media reported on Tuesday, citing data from the country’s Foreign Citizens and Nationality Affairs Office.

    During the specified period, more than 2,282 applications for Mongolian e-Visa were rejected due to incomplete documents.

    Currently, Mongolia’s economy relies heavily on the export of mineral resources. Tourism promotion is considered one of the priority areas for diversifying the country’s economy and increasing the competitiveness of the national tourism industry in the context of global competition.

    In this regard, the Mongolian government has decided to continue the Years to visit Mongolia tourism program until 2028.

    According to the Office of Foreign Citizens and Nationality Affairs, Mongolia began issuing visas electronically on October 1, 2021. In 2024, a total of 92,427 foreign citizens received Mongolia’s e-visa.

    An electronic visa to Mongolia can be obtained by citizens of 99 countries entering for a guest, business, tourist visit, as well as to participate in scientific, cultural, socio-political, economic and sports events. –0–

    MIL OSI Russia News

  • MIL-OSI China: China’s lending benchmark decline to help bolster economic recovery

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

    China’s market-based benchmark lending rates declined on Tuesday in the latest sign that the authorities are ramping up efforts to bolster economic momentum.

    The one-year loan prime rate (LPR) went down to 3 percent from the previous reading of 3.1 percent, while the over-five-year LPR, on which many lenders base their mortgage rates, was lowered to 3.5 percent from 3.6 percent, according to the National Interbank Funding Center.

    Tuesday’s LPR decline — the first this year — is expected to further reduce the borrowing costs of businesses and individuals, improve market confidence, and support the steady growth of the real economy.

    Analysts said the lowered interest rates sent a clear signal that China is resolved to stabilize the market and expectations amid global uncertainties.

    LPRs are used to price a wide range of lending rates, from consumer loans to business loans and mortgages. Lower rates will ease the burden on borrowers, leading to more investment and consumption.

    For a standard commercial housing loan of 1 million yuan (nearly 140,000 U.S. dollars) over 30 years, the latest LPR adjustment could save borrowers over 50 yuan in monthly interest payments, translating into nearly 20,000 yuan in total interest savings over the life of the loan.

    The lowering of the LPR was widely anticipated by the market. At a press conference on May 7, Pan Gongsheng, the governor of the People’s Bank of China, announced a 0.1-percentage point cut in the policy rate. The following day, the central bank reduced the seven-day reverse repo rate to 1.4 percent, paving the way for the subsequent decline in the LPR.

    The falling interest rates came as part of China’s efforts to implement a moderately loose monetary policy this year. Authorities have on multiple occasions pledged timely cuts in the reserve requirement ratios and interest rates to maintain sufficient liquidity and support the economy.

    In April, the average weighted interest rate on newly issued corporate loans stood at about 3.2 percent, down 50 basis points from a year earlier. Meanwhile, the average rate on new residential mortgages dropped to around 3.1 percent, a 55-basis-point decline. Both rates marked historic lows.

    The downward trend is mirrored on the deposit side as well. Major commercial banks on Tuesday announced reductions in deposit interest rates. The one-year fixed-term deposit interest rate was lowered by 15 basis points to 0.95 percent. The rates also came to 1.05 percent for two years, 1.25 percent for three years, and 1.3 percent for five years.

    Tian Xuan, president of the National Institute of Financial Research of Tsinghua University, said the reduction in both lending and deposit rates will stimulate demand for credit, drive consumption and investment, and inject new vitality into China’s economic recovery.

    Official data showed the Chinese economy maintained stable development in the first four months of this year, with faster growth in retail sales of consumer goods, a robust service sector, resilient imports and exports, and steady fixed-asset investment and industrial output.

    MIL OSI China News

  • MIL-OSI China: Beijing boosts tourism with new products, discounts

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

    Beijing kicked off the 2025 China Tourism Day on Monday with a launch event in Fengtai district. 

    Under the theme “Discover Beijing’s Endless Charms,” the celebrations introduced a rich package of cultural and tourism offerings, including 100 innovative travel products, over 500 public-benefit events, and financial support totaling more than 150 million yuan (US$20.77 million), all designed to make travel in the capital more accessible and exciting.

    The celebrations also featured a city-level main event in Fengtai district and supporting activities across 15 districts of the city. 

    A total of 512 measures are announced, covering seven key areas such as accommodation, shopping, and entertainment. These measures include ticket discounts and public performances, benefiting travelers of all ages.

    In addition, seven themed zones were across the city districts, covering vacation experiences, tech showcases, gourmet tastings, cultural products, performances, and consulting services. 

    This year’s celebrations focused on introducing brand-new cultural and tourism products to boost local businesses. Over 100 innovative travel products were unveiled, including first stores, new policies, travel routes, cultural creative products, and more. 

    In support of these efforts, Beijing has introduced policies aimed at encouraging new forms of consumption in the cultural and tourism sectors. The city has also allocated 10 million yuan of subsidies to consumers.

    MIL OSI China News

  • MIL-OSI Economics: Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the Special ASEAN Economic Ministers – Ministry of Commerce (Special AEM-MOFCOM) Consultation, conducted via videoconference.
     
    The Meeting exchanged views on the current global economic developments and their implications for regional economic integration. The Meeting reaffirmed a strong commitment to upholding a rules-based multilateral trading system, maintaining constructive engagements to address trade-related issues, and to de-escalate trade tensions. The Meeting also discussed strategic measure to advance ASEAN-China economic cooperation with a view to fostering stronger economic relations.

    The post Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN hosts luncheon for the Committee of Permanent Representatives to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today hosted a luncheon for the Committee of Permanent Representatives to ASEAN (CPR), which brought together the Permanent Representatives of ASEAN Member States and the Ambassador of Timor-Leste to ASEAN. The Luncheon served as an opportunity to exchange views on ASEAN Community-building efforts and ASEAN’s external relations, including preparations for the upcoming 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Economic Summit to be convened in Kuala Lumpur, Malaysia, on 26–27 May 2025.
     

    MIL OSI Economics

  • MIL-OSI Banking: Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the Special ASEAN Economic Ministers – Ministry of Commerce (Special AEM-MOFCOM) Consultation, conducted via videoconference.
     
    The Meeting exchanged views on the current global economic developments and their implications for regional economic integration. The Meeting reaffirmed a strong commitment to upholding a rules-based multilateral trading system, maintaining constructive engagements to address trade-related issues, and to de-escalate trade tensions. The Meeting also discussed strategic measure to advance ASEAN-China economic cooperation with a view to fostering stronger economic relations.

    The post Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Banking: Secretary-General of ASEAN hosts luncheon for the Committee of Permanent Representatives to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today hosted a luncheon for the Committee of Permanent Representatives to ASEAN (CPR), which brought together the Permanent Representatives of ASEAN Member States and the Ambassador of Timor-Leste to ASEAN. The Luncheon served as an opportunity to exchange views on ASEAN Community-building efforts and ASEAN’s external relations, including preparations for the upcoming 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Economic Summit to be convened in Kuala Lumpur, Malaysia, on 26–27 May 2025.
     

    MIL OSI Global Banks

  • MIL-OSI China: China invites public opinions on upcoming five-year plan

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

    BEIJING, May 20 — China on Tuesday launched an online public consultation to gather opinions for its next five-year plan for national economic and social development.

    Over the next month, internet users can submit their input on the 15th Five-Year Plan (2026-2030) through the websites and apps of People’s Daily, Xinhua News Agency, China Media Group and xuexi.cn.

    Starting in 2026, China will begin implementing the 15th Five-Year Plan. Currently, the Communist Party of China Central Committee is organizing the drafting of proposals for the plan.

    Five-year plans serve as key strategic documents that guide China’s medium- and long-term development. They outline national goals, major tasks and policy directions across various sectors for each five-year period.

    MIL OSI China News

  • MIL-OSI China: Pandas return to Sichuan after their 11-year stint in Malaysia

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

    Giant panda Liang Liang feeds on bamboo at the China Conservation and Research Centre for the Giant Panda in Bifengxia of Ya’an, Southwest China’s Sichuan province, May 18, 2025. [Photo/Xinhua]

    After spending 11 years in Malaysia, giant panda pair Fu Wa and Feng Yi were returned to the Ya’an base of the China Conservation and Research Center for the Giant Panda in Sichuan province on Sunday evening, the center said.

    Known as Xing Xing and Liang Liang in Malaysia, the pandas were accompanied on the journey by Malaysian keepers and an experienced veterinarian from the panda center. The veterinarian had traveled to Malaysia in advance to conduct routine health checks and assessments with local veterinary experts.

    The pandas will undergo quarantine at the center’s Ya’an base for at least one month.

    Known as Fu Wa and Feng Yi in China, they were both born on Aug 23, 2006, at the panda center. They were sent to Zoo Negara Malaysia in 2014 as part of a 10-year giant panda international cooperation program that coincided with the 40th anniversary of the establishment of diplomatic relations between China and Malaysia.

    Under an agreement signed between China and Malaysia last year, the cooperation period, which had been set to end on May 20, 2024, was extended by one year.

    As the first pair of giant pandas to live in Malaysia, Fu Wa and Feng Yi became well-known animal celebrities and helped foster people-to-people exchanges between the two countries, the center said.

    Over the years, the center and Zoo Negara Malaysia engaged in in-depth cooperation on giant panda conservation and breeding, disease prevention and control, public education and employee exchanges.

    During their time in Malaysia, the panda pair gave birth to three cubs — Nuan Nuan, Yi Yi and Sheng Yi. By August 2023, all three cubs had been sent to China and are currently in good health, according to the center.

    In preparation for the return of Fu Wa and Feng Yi, the Ya’an base made comprehensive arrangements, including organizing quarantine facilities, deploying workers, stocking food and setting up a health monitoring system, to ensure a smooth transition and quick adaptation to their new environment.

    The center said Fu Wa and Feng Yi will meet the public at an appropriate time. Until then, updates on their daily lives will be shared through the center’s official platforms.

    China and Malaysia are expected to launch a new round of giant panda conservation cooperation within this year, according to the center.

    Giant panda Xing Xing feeds on bamboo at the China Conservation and Research Centre for the Giant Panda in Bifengxia of Ya’an, southwest China’s Sichuan province, May 18, 2025. [Photo/Xinhua]

    From the 1990s through the end of last year, China conducted panda conservation cooperation programs with 26 institutions in 20 countries, according to the National Forestry and Grassland Administration.

    Most pandas returning from overseas reside either at the Ya’an base or the Chengdu Research Base of Giant Panda Breeding.

    MIL OSI China News

  • MIL-Evening Report: RBA cuts interest rates, ready to respond again if the economy weakens further

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Reserve Bank Governor Michele Bullock speaks at a forum during the World Bank/IMF meetings in Washington in April. Jose Luis Magana/AP

    The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

    The bank lowered the cash rate target by 0.25%, from 4.1% to 3.85%, saying inflation is expected to remain in the target band.

    All the big four banks swiftly passed the cut on to households with mortgages. This will save a household with a $500,000 loan about $80 a month.

    Announcing the cut, the Reserve Bank stressed in its accompanying statement it stands ready to reduce rates again if the economic outlook deteriorates sharply.

    The Board considered a severe downside scenario and noted that monetary policy is well placed to respond decisively to international developments if they were to have material implications for activity and inflation in Australia.

    Inflation is back under control

    The latest Consumer Price Index showed that inflation remained around the middle of the Reserve Bank’s medium-term target band of 2-3% in the March quarter.

    The Reserve Bank was also comforted by the underlying inflation measure called the “trimmed mean”. This measure excludes items with the largest price movements up or down.

    The bank noted that it has returned to the 2–3% target band for the first time since 2021. This suggests inflation is not just temporarily low due to temporary factors such as the electricity price rebates.




    Read more:
    Inflation is easing, boosting the case for another interest rate cut in May


    In February, Reserve Bank Governor Michele Bullock conceded the bank had arguably been “late raising interest rates on the way up”. It did not want to be late on the way down.

    Perhaps Bullock is being unduly modest. The central bank looks to have judged well the extent of monetary tightening. It did not raise interest rates as much as its peers, but still got inflation back to the target.

    Unemployment remains low

    Last week, we got an update on the strength of the labour market. Unemployment stayed at 4.1%. It has now been around 4% since late 2023, a remarkable achievement.

    This is below the 4.5% the Reserve Bank had regarded as the level consistent with steady inflation (in economic jargon, the NAIRU). But neither prices nor wages have accelerated.

    Households and businesses may turn cautious

    In its updated forecasts, the bank sees headline inflation dropping to 2.1% by mid-year but going back to 3.0% by the end of the year, as the electricity subsidies are removed. By mid-2027, it will be back near the middle of the 2-3% target.

    Underlying inflation is forecast to stay around the middle of the target band throughout.

    The Reserve Bank cut its forecast for gross domestic product (GDP) to 2.1% by December, down from its previous forecast of 2.4% made in February. It said:

    Economic policy uncertainty has increased sharply alongside recent global developments, and this is expected to prompt some households to increase their precautionary savings and some businesses to postpone some investment decisions.

    The unemployment rate is expected to increase to 4.3% by the end of the year and remain there through 2026.

    Cost of living pressures look set to ease, as real household disposable income grows faster than population.

    As the Reserve Bank governor told a media conference on Tuesday:

    There’s now a new set of challenges facing the economy, but with inflation declining and the unemployment rate relatively low, we’re well positioned to deal with them. The board remains prepared to take further action if that is required.

    Economic and policy ‘unpredictability’

    The main uncertainty in the global economy is how the trade war instigated by US President Donald Trump will play out. According to one count, he has announced new or revised tariff policies about 50 times.

    “The outlook for the global economy has deteriorated since the February statement. This is due to the adverse impact on global growth from higher tariffs and widespread economic and policy unpredictability,” the bank noted.

    The US tariff pauses on the highest rates on China and most other nations are due to be in place for 90 days. But more measures may be announced before then.

    This uncertainty is likely to be stifling trade, and even more so investment decisions by companies in the face of rapidly changing policies. And it will weaken the global economy.

    In her press conference, Bullock said the board’s judgement was that “global trade developments will overall be disinflationary for Australia”. Not only is the global outlook weaker, but some goods no longer being sold to the US could be diverted to Australia.

    Where will interest rates go from here?

    The Reserve Bank’s updated forecasts assume interest rates will fall further, to 3.4% by the end of the year.

    But this is just a reflection of what financial markets are implying. It is not necessarily what the bank itself expects to do. It is certainty not a promise of what they will do.

    But the Reserve Bank still regards its stance as “restrictive”, or weighing on growth. So if it continues to believe inflation will stay within the target band, or the global outlook deteriorates, it will cut rates further.

    The Conversation

    John Hawkins was formerly a senior economist with the Reserve Bank.

    ref. RBA cuts interest rates, ready to respond again if the economy weakens further – https://theconversation.com/rba-cuts-interest-rates-ready-to-respond-again-if-the-economy-weakens-further-256798

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Announcement on Open Market Operations No.94 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.94 [2025]

    (Open Market Operations Office, May 20, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB357 billion through quantity bidding at a fixed interest rate on May 20, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB357 billion

    RMB357 billion

    Date of last update Nov. 29 2018

    2025年05月20日

    MIL OSI China News

  • MIL-OSI China: Xi calls for stronger manufacturing industry to advance Chinese modernization 2025-05-20 15:12:47 Xi Jinping, general secretary of the Communist Party of China Central Committee, has called for continuous efforts to build the manufacturing industry stronger to advance Chinese modernization.

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

      ZHENGZHOU, May 20 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, has called for continuous efforts to build the manufacturing industry stronger to advance Chinese modernization.

      Xi made the remarks during his inspection tour in a bearing producer in Luoyang City, central China’s Henan Province, on Monday afternoon.

      Xi visited the company’s intelligent manufacturing plant to learn about the performance and applications of various types of bearing products. He inspected the intelligent production lines and had an amiable conversation with the workers.

      “China has always adhered to the path of developing the real economy. From the past reliance on imported matches, soap and iron, to now becoming the world’s largest manufacturing country with the most complete industrial categories, we have taken the right path,” Xi noted.

      China must continue to strengthen the manufacturing sector, adhere to the principles of building self-reliance and strength, and master core technologies in key fields, Xi said.

      He also urged efforts to strengthen collaboration between industries, universities and research institutes, and cultivate a large number of high-quality talents.

      The producer, Luoyang Bearing Group Co., Ltd., is a traditional manufacturing firm that has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years. Its wind turbine main bearings now hold over 40 percent of the domestic market share.

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    MIL OSI China News