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Category: China

  • MIL-OSI Asia-Pac: Erick Tsang promotes GBA in Egypt

    Source: Hong Kong Information Services

    Secretary for Constitutional & Mainland Affairs Erick Tsang and Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area Maisie Chan are on a duty visit to Egypt from May 17 to 20 to promote the development opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

    During his stay in the Egyptian capital, Cairo, Mr Tsang met Chinese Ambassador to Egypt Liao Liqiang and exchanged views with representatives of the political and business sectors.

    Mr Tsang today attended the Guangdong-Hong Kong-Macao Greater Bay Area-Africa (Egypt) Economic & Trade Cooperation Exchange Conference and delivered a speech to promote the development opportunities of the GBA to the political and business sectors.

    He said that with the central authorities’ full support, the Hong Kong Special Administrative Region and other bay area cities complement each other’s strengths and work closely together to promote the GBA’s high-quality development.

    Mr Tsang also noted that Hong Kong possesses the institutional advantages of “one country, two systems”, with a business environment that is highly market-oriented and internationalised, underpinned by the rule of law, a free flow of capital, a robust financial regulatory regime, a simple and low tax regime, and a global pool of professional talent.

    He encouraged enterprises to capitalise on Hong Kong’s unique advantages of having the staunch support of the motherland and being closely connected to the world by establishing a foothold in the city and tapping into the huge GBA market.

    Mr Tsang added that Hong Kong, as a world-renowned metropolis and China’s most internationalised city, should play its unique roles and functions as a super connector and super value-adder, commence more international co-operation, contribute to the country’s high-quality opening up and development, and further enhance its global influence in the changing international landscape.

    He will depart for Hong Kong this afternoon, arriving on May 20.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China promotes high-quality development of sci-tech services sector

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

    BEIJING, May 19 — China has released an implementation guideline on accelerating the high-quality development of the science and technology services sector.

    The Ministry of Industry and Information Technology, the China Association for Science and Technology, and seven other government organs jointly issued the guideline.

    The guideline sets out goals to improve the development ecosystem, expand the scale and efficiency of the sector, accelerate the transformation and commercialization of scientific and technological achievements, and support the integrated development of sci-tech and industrial innovation.

    It calls for the sector’s comprehensive development, outlining specific tasks across key areas such as research and development, technology transfer and commercialization, business incubation, and technology promotion.

    It underlines the need to accelerate the transformation and upgrading of the sector, enhance innovation in science and technology services, deepen the integration of next-generation information technologies, and widen the application of advanced green technologies.

    It also calls for efforts to promote the high-end, smart, green, and integrated development of the sector.

    Efforts should be made to guide science and technology service institutions toward more specialized, market-oriented, and platform-based development, improve technology market policies, and establish a unified national platform for technology transactions, according to the guideline.

    The guideline also demands institutional innovation, increased policy support, enhanced statistical monitoring, and deeper international cooperation to improve the development environment for the sector. ■

    MIL OSI China News –

  • MIL-OSI China: War epic ‘Dong Ji Island’ promoted at Cannes

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

    A 17-minute promo of “Dong Ji Island” was screened on May 14 at the 2025 Cannes Film Festival, offering audiences a preview of the upcoming war epic.

    The first still released from “Dong Ji Island.” [Photo courtesy of Seventh Art Pictures]

    Co-directed by Guan Hu and Fei Zhenxiang, and starring Zhu Yilong, Wu Lei and Ni Ni, the film is based on real events during the Second World War in 1942. It follows Chinese fishermen who embark on a perilous journey to rescue British prisoners of war held by the Japanese army aboard the Lisbon Maru, saving 384 POWs after the ship was torpedoed and sunk by a U.S. submarine. 

    The film’s release also commemorates the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. Producers said this transnational story of humanity showcases the universal values of compassion and courage displayed by Chinese fishermen during wartime, which will surely resonate with global audiences.

    This forgotten chapter of history was revealed in last year’s acclaimed documentary “The Sinking of the Lisbon Maru” directed by Fang Li. Now, “Dong Ji Island” brings the story to life as a feature film with an $80 million budget. The production’s massive scale created unprecedented challenges in Chinese cinema, involving replica sets built on an actual island location, open-sea filming and a full-scale reconstruction of the Lisbon Maru. Directors Guan and Fei led the creative team through six years of preparation and 200 days of filming.

    The Chinese poster for “Dong Ji Island.” [Image courtesy of Seventh Art Pictures]

    Set for summer release in China, Seventh Art Pictures is launching international sales at Cannes for “Dong Ji Island.” Director Guan Hu is no stranger to global recognition, having won the Un Certain Regard prize at Cannes last year for “Black Dog.” His film “The Eight Hundred,” released in 2020, became that year’s highest-grossing live-action film worldwide.

    The 17 minutes of footage was screened at the Palais at the Marche du Film in Cannes. Bloggers attending the event noted that the film’s quality exceeded expectations, praising its stunning visual effects, underwater sequences and inspirational plot. They also highlighted the actors’ captivating performances.

    The film’s actors transformed themselves for their roles, undergoing intense strength and aquatic training amid the island’s harsh conditions. Their weathered appearances mirror the fishermen’s rugged spirit, and they mastered various boat handling techniques — helping to bring the heroic maritime rescue to life. Meanwhile, the production team meticulously reconstructed 1940s Dongji Island through historical research, replicating everything from coarse cloth vests to the Lisbon Maru incident using archives and survivor accounts, guaranteeing historical precision.

    At a film tourism event on May 15 during Cannes, producer Liang Jing revealed: “Local fishermen supported us tremendously during production, assisting us through typhoons and numerous challenges. Audiences will be amazed by what they see on screen.”

    Liang noted that Dongji Island became a popular destination after last year’s documentary “The Sinking of the Lisbon Maru,” but she believes the release of “Dong Ji Island” will bring even greater attention and tourism. “It’s truly a worthwhile destination,” she said. “The sunrise is breathtakingly beautiful.”

    A new international Cannes poster for “Dong Ji Island.” [Image courtesy of Seventh Art Pictures]

    The film’s official Weibo account simultaneously released an international poster for Cannes captioned: “Crimes sank with the colossal warship, but some salvaged humanity and truth. Coming summer 2025 — ‘Dong Ji Island’.”

    MIL OSI China News –

  • MIL-OSI China: China appreciates role of US cultural body, museum in return of ancient silk manuscripts: spokesperson

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

    China appreciates the efforts made by cultural and museum institutions such as the Smithsonian Institution and the National Museum of Asian Art in the return of ancient silk manuscripts from the United States to China, a Chinese foreign ministry spokesperson said on Monday.

    The Smithsonian’s National Museum of Asian Art on Friday officially returned “Wuxing Ling” and “Gongshou Zhan,” volumes II and III of the Warring-States period (475-221 BC) Zidanku Silk Manuscript, to China’s National Cultural Heritage Administration.

    Spokesperson Mao Ning elaborated on the great cultural value of these silk manuscripts at a regular news briefing. She said that they are not only the oldest silk text in known existence, but also the only silk text from the Warring States period unearthed in China, and the earliest example of a Chinese book in the classic sense.

    Facts have proved that China and the United States can achieve mutually beneficial and win-win results through dialogue and cooperation on the basis of equality and respect, Mao said.

    This is a typical case of successful repatriation of China’s lost cultural artifacts, and is also a successful example of China’s advocacy of promoting protection and return of lost cultural relics through dialogue and cooperation, Mao added.

    Mao expressed the expectation that two sides will strengthen exchanges and cooperation, promote closer people-to-people ties, and promote the stable, healthy and sustainable development of China-U.S. relations.

    The silk manuscripts were unearthed in 1942 from the Zidanku site in Changsha, Hunan Province, and were illegally taken to the United States in 1946.

    MIL OSI China News –

  • MIL-OSI USA: King Cosponsors Bipartisan Legislation to Avoid Drug Shortages, Improve Health Emergency Response

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. – Today, U.S. Senator Angus King (I-ME) is joining bipartisan legislation to ensure the United States is well positioned to mitigate potential prescription drug shortages and respond to future health emergencies. More specifically, the Mapping America’s Pharmaceutical Supply (MAPS) Act would improve federal coordination and visibility for essential medicine supply chains by proactively identifying and addressing supply chain shortfalls or weaknesses.

    The bipartisan MAPS Act would direct the Department of Health and Human Services (HHS), in coordination with relevant agencies and the private sector, to regularly update, maintain, and publish a list of essential medicines. Using the Essential Medicines List, the federal government would be required to conduct a comprehensive risk assessment of these supply chains to assess the key ingredients needed to manufacture essential medicines, overreliance on high-risk foreign sources, sole-sourced products, current domestic manufacturing capabilities, cybersecurity threats, and any other gaps that may reduce the federal government’s ability to identify health and national security risks related to our essential medicine supply chains.

    “As we work to protect our communities from a future public health emergency, researching and understanding the prescription drug supply chain is a simple way to help Americans stay healthy and safe – since access to medication is such a critical component to modern care,” said Senator King. “The bipartisan Mapping America’s Pharmaceutical Supply (MAPS) Act would help prevent prescription drug shortages, ensure that our country is reducing its dependence on foreign adversaries for essential medicines, while also protecting the American public from the effects of a future pandemic. I am grateful to my colleagues in both parties for putting the safety and health of the American people first.”

    In addition, HHS, through public-private partnerships, would be required to map all essential medicine supply chains – from the key ingredients needed to manufacture drug products to their distribution in hospitals and pharmacies – creating end-to-end visibility in these supply chains. The bill would also require the Department of Defense (DoD) to submit reports to Congress on drug products that rely on China for critical inputs and finished dose forms.

    The bill is supported by the American Society of Health-System Pharmacists (ASHP), American Society of Clinical Oncology (ASCO), Angels for Change, the Michigan Health & Hospital Association, United States Pharmacopeia, and CivicaRx. Below are statements in support of the bill.  

    “ASHP strongly supports the MAPS Act. By requiring the Department of Health and Human services to coordinate with other agencies and the private sector to map the pharmaceutical supply chain, threats to the U.S. pharmaceutical supply chain can be identified and addressed before they place patients at risk,” said Tom Kraus, Vice President of ASHP Government Relations. 

    “ASCO applauds the introduction of the MAPS Act, which would provide needed tools to gain better visibility into the supply of critical prescription drugs in the United States,” said Eric P. Winer, MD, FASCO, Board Chair of the Association for Clinical Oncology. “We support efforts to recognize potential drug shortages earlier and to relay information to stakeholders to help them prepare for and mitigate possible supply challenges. The bipartisan work of Senators Peters, Ernst, Cotton, Kaine, Lankford and King, on this important legislation, advances these efforts.” 

    “Angels for Change proudly supports the MAPS Act—a vital step toward ending drug shortages and protecting patients,” said Laura Bray, Founder and Chief Change Maker of Angels for Change. “This bipartisan legislation will strengthen transparency and coordination across the entire drug supply chain, helping to detect and prevent disruptions before they impact care. Building the reliable supply chain patients deserve will require collaboration across government and industry. We applaud Senators Peters, Lankford, Ernst, Cotton, Kaine, King, and Scott for their leadership in prioritizing the safeguarding of Essential Medicines that will benefit all US patients.” 

    Joining King on this legislation are Senators Gary Peters (D-MI), James Lankford (R-OK), Joni Ernst (R-IA), Tom Cotton (R-AR), Tim Kaine (D-VA), and Rick Scott (R-FL).

    Senator King has consistently worked to increase transparency of prescriptions drugs. Earlier this year, he introduced bipartisan legislation to modernize and streamline drug testing protocols for better patient outcomes. Last year, he also introduced bicameral legislation to prohibit direct-to-consumer drug advertising of pharmaceutical drugs in the first three years after the drug receives Federal Drug Administration (FDA) approval. Additionally, Senator King has introduced legislation to prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses.

    MIL OSI USA News –

  • MIL-OSI Russia: Taiwan has no basis, reason or right to participate in WHA session – Chinese Foreign Ministry official

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — China’s Taiwan region has no basis, no reason, and no right to participate in the World Health Assembly (WHA) session unless authorized by the central government, a Chinese Foreign Ministry spokesman said Monday.

    A Chinese Foreign Ministry spokesman made the statement in response to a decision on Monday by the WHA, the top governing body of the World Health Organization (WHO), not to include Taiwan’s proposal for observer status on the session’s agenda. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: EU sharply cuts growth forecasts on US tariff hikes, uncertainty

    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

    BRUSSELS, May 19 (Xinhua) — The European Commission on Monday significantly cut its growth forecast for the European Union, citing the impact of U.S. tariff hikes and continuing uncertainty.

    In its spring economic forecast for 2025, the EC cut its forecasts for real GDP growth in the 27 EU countries to 1.1 percent in 2025 and 1.5 percent in 2026.

    “This represents a significant decline from the fall 2024 forecast, largely due to the impact of higher tariffs and increased uncertainty caused by recent abrupt changes in U.S. trade policy and unpredictability in the final formation of tariff rates,” the commission said.

    The eurozone, which unites the 20 EU countries that share the single currency, is expected to grow by 0.9 percent in 2025 and 1.4 percent in 2026, also below previous forecasts. –0–

    MIL OSI Russia News –

  • MIL-OSI Europe: ASIA/HONG KONG – Cardinal Chow: Pope Leo has been to China several times and is familiar with Chinese culture and reality

    Source: Agenzia Fides – MIL OSI

    Monday, 19 May 2025

    Hong Kong (Agenzia Fides) – Before becoming Successor of Peter, Robert Francis Prevost “visited China several times and got to know the Chinese culture and reality.” This is what Jesuit Cardinal Stephen Chow Sau-yan, Bishop of Hong Kong, said in a video interview with Kung Kao Pao, the weekly newsletter of the Diocese of Hong Kong, following the election of Pope Leo XIV.The video interview is published on the diocesan bulletin website (周守仁樞機盼襄助教宗 落實共議同行 陪伴弱小者 | 本期公教報 | 天主教香港教區週報). Furthermore, Cardinal Chow recounts: “As Cardinal John Tong, Bishop Emeritus of Hong Kong, did in the past when he brought a statue of Our Lady of Sheshan to Pope Francis, following his example, I too gave a small statue of Our Lady of Sheshan to the new Pope, imploring him not to forget the Church in China and the Chinese people. He nodded his head to indicate that he will not forget the Church and the Chinese people,” the Jesuit cardinal added. “I believe he will gladly continue the direction followed by Pope Francis…”Bishop Stephen Chow was created a Cardinal in the consistory of September 30, 2023, along with then-Archbishop Prevost.Cardinal Chow has also expressed his desire to assist the Pope, especially in giving a voice to the weak. He trusts that the Pontiff “will take into account the multicultural nature of Asia. He has visited China on several occasions and has learned about its culture and reality. And he is said to share Pope Francis’ approach to China, which includes communication and dialogue.”“Pope Leo XIV is the man the cardinals considered good for the Church and for the world.” And with great joy, “the cardinals have elected a Pope who willingly listens.” Looking to the future, Cardinal Chow reiterated his “desire to collaborate in the Pope’s mission,” starting with “Hong Kong, where, together with the laity, we will accompany above all the marginalized and the weak, listening to their difficulties and cries, as the new Pope does.” (NZ) (Agenzia Fides, 19/5/2025)
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    MIL OSI Europe News –

  • Let world know that India supports peace, but will respond to terror attacks: Kiren Rijiju on all-party delegations’ mission

    Source: Government of India

    Source: Government of India (4)

    Parliamentary Affairs Minister Kiren Rijiju on Monday said that it is important to let the world know that India supports peace, however, it will take stern action against any act of terrorism. India is sending its all-party delegations to different countries in this regard, he added.

    “India has always supported peace. Prime Minister Narendra Modi launched Operation Sindoor in response to the killing of our innocent civilians by the Pakistan-sponsored terrorists,” Rijiju told reporters.

    “Delegations of India are going to various countries and will put forward India’s side. It is important to let the world know that India supports peace and will act against those who support terrorism, and the world should support the same,” he added.
    Reacting to the Congress’s criticism regarding the selection of members of all-party delegations, he said that the delegates will represent not their parties but their country.

    ” This is not a topic of politics. These delegations are not going to represent a party but the country,” he said.

    A political row has erupted over the process of nominating members to all-party delegations as the government ignored three of the four names suggested by the Congress.

    Meanwhile, Congress General Secretary in charge of Communications, Jairam Ramesh, on Monday criticised the Central government, describing the decision to send a delegation to key partner countries as a ‘damage control’ effort.

    Ramesh claimed that India’s ‘Vishwa Guru’ image has taken a hit following tensions with Pakistan.

    He further argued that the delegation’s visit to key partner countries to highlight India’s ongoing fight against cross-border terrorism and Operation Sindoor would have been more appropriate if it had come after an all-party meeting chaired by Prime Minister Narendra Modi.

    “…Congress party believes that an all-party meeting should have been done before this and PM Modi should have chaired the meeting…Our second demand was to hold a special session of the Parliament to discuss the issues of the relationship between China and Pakistan,” Ramesh told ANI.

    Ramesh further criticised the government for omitting three of the names recommended by the party for the all-party delegation.

    “This delegation is going for damage control. We have been saying that we need to stay united, and we are standing with our armed forces like a rock. We have said that Operation Sindoor is a historic operation, but PM Modi does not speak with the LoP or the Congress President. They ask us to give names. When we gave 4 names, they picked only one of them and added names on their own. What type of politics is this?” he added.

    According to Congress, the party had submitted four names to the Minister of Parliamentary Affairs by May 16, but the final list released late on May 17 included only one of the suggested names.

    The list includes MPs from multiple parties, divided into seven groups of 8-9 members. A leader has been assigned for each group, who will lead the delegation at a global level.

    This came after India’s decisive military response to the April 22 Pahalgam terror attack. Operation Sindoor, launched on May 7, targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, leading to the death of over 100 terrorists affiliated with terror outfits like the Jaish-e-Mohammed, Lashkar-e-Taiba and Hizbul Mujahideen.

    (ANI)

  • MIL-OSI Russia: China’s inbound tourism sector maintains strong recovery momentum: officials

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — China celebrates Tourism Day on May 19. China’s inbound tourism sector has shown strong recovery momentum and broad development prospects, said Shi Zeyi, an official with the Ministry of Culture and Tourism.

    He expressed this opinion during the recent meeting of the Roundtable on the Chinese Economy, organized by the Xinhua News Agency.

    Shi Zeyi recalled that in 2024, China received 132 million inbound tourists, and their tourism expenditure in China reached US$94.2 billion. Both figures were 97.2 percent and 93.5 percent of the same figures recorded in 2019.

    In the first quarter of 2025, the number of foreign tourists visiting China was 7.3674 million people, up 39.2 percent from a year earlier, he said.

    Since the beginning of 2025, the number of foreigners coming to China has continued to grow rapidly. In the first quarter, about 7.7 million foreigners entered the country, up nearly 40 percent year-on-year. Notably, nearly 70 percent of them arrived visa-free, said Liu Jia, an official with the State Immigration Administration of China who also attended the roundtable.

    China currently provides one-way visa-free entry for citizens of 38 countries. In addition, the visa-free transit period for passport holders of 54 countries has been extended to 240 hours. “All these policies are part of our country’s visa-free policy system,” Liu Jia said.

    As more foreign nationals visit China and have wonderful travel experiences, the consumer market potential for inbound tourism in the country will continue to grow, Liu Jia added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: New Collection of Articles on Xi Jinping Thought Published in China

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — Zhongyang Wenxian Chubanshe Publishing House recently released a new collection of articles on Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

    The collection, compiled by the Party History and Documentation Research Institute of the CPC Central Committee, includes five volumes of 29 articles published since November 2023.

    These articles study and implement the important statements made by General Secretary of the CPC Central Committee Xi Jinping, and aim to promote the systematic study of the Party’s achievements in theoretical innovation in the new era.

    These articles were originally published in People’s Daily or Qiushi Magazine, which are the leading publications of the CPC Central Committee.

    Let us recall that the first two collections on the same topic, each of which consists of 5 volumes, were published in 2020 and 2023, respectively. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Huawei Introduces Laptops Based on Its Own Operating System

    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

    CHENGDU, May 19 (Xinhua) — Chinese tech giant Huawei on Monday unveiled two new laptops powered by its own operating system (OS) HarmonyOS, marking the debut of the company’s proprietary OS in the personal computer (PC) market.

    The launch of PC models like the Huawei MateBook Pro and MateBook Fold Ultimate Design signal the company’s intention to expand the reach of HarmonyOS beyond smartphones and tablets, entering the PC market that has been dominated for decades by Microsoft Windows and Apple macOS.

    At a launch event in Chengdu, capital of Sichuan Province, southwest China, Huawei CEO Yu Chengdong said that through the deep integration of software, hardware, end devices and cloud technologies, computers based on HarmonyOS will fundamentally change the user experience of using a PC.

    HarmonyOS, or Hongmeng in Chinese, is an open-source operating system designed for a variety of devices and scenarios, including smart screens, tablets, wearables, and cars. It was first launched in August 2019. -0-

    MIL OSI Russia News –

  • MIL-OSI China: China-Cambodia “Golden Dragon 2025” joint exercise kicks off 2025-05-19 18:35:04 The China-Cambodia “Golden Dragon 2025” joint exercise kicked off at the Military Police Training Center of the Royal Cambodian Armed Forces (RCAF) in Kampong Chhnang Province in Cambodia on the morning of May 17.

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

      BEIJING, May 19 — The China-Cambodia “Golden Dragon 2025” joint exercise kicked off at the Military Police Training Center of the Royal Cambodian Armed Forces (RCAF) in Kampong Chhnang Province in Cambodia on the morning of May 17.

      Under the theme of “peace, friendship, and cooperation”, this year’s joint exercise focuses on the topic of joint counter-terrorism and humanitarian relief operations.

      The exercise will be conducted in two domains, namely naval and air operations as well as land and air operations, and adopts a mixed training approach. It involves three phases including adaptive training, command drills, and live drills, aiming to enhance the joint operational capabilities of the two militaries in combating terrorism.

      On May 18, the Chinese naval amphibious dock landing ship Changbaishan (Hull 989), the guided-missile frigates Panzhihua (Hull 621) and Guangyuan (Hull 649), conducted open ship day activities. Subsequently, the Chinese participating troops will also carry out other activities such as medical outreach, as well as educational assistance through donations.

      On May 18, the two sides’ participating troops conducted mixed-group joint training on such subjects as coordination among assault vehicle crews, fast roping, and unmanned equipment operations to strengthen their tactical collaboration.

      The China-Cambodia “Golden Dragon” series of joint exercises, as a regular military cooperation program between the two countries and two militaries, has been successfully held six times before. This year’s joint exercise relies on the China-Cambodia joint logistics and training center at the Ream Naval Base to support the maritime exercise for the first time. For the first time, China sent air force helicopters and radar troops to participate in cross-border joint exercise.

      The joint exercise between the two militaries will make a positive contribution to promoting pragmatic cooperation and the building of an all-weather China-Cambodia community with a shared future in the new era.

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    MIL OSI China News –

  • MIL-OSI: CBAK Energy Reports First Quater 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 19, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2025.

    First Quater of 2025 Financial Results

    Net revenues1 were $34.9 million, representing a decrease of 41% compared to $58.8 million in the same period of 2024. The substantial decline primarily stems from our Dalian facilities, where a major portion of customers are in the residential energy supply sector. These facilities are currently undergoing a product portfolio upgrade, transitioning from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in a transitional phase of testing and validating the new Model 40135. We anticipate a gradual recovery as both existing and potential customers complete the validation of Model 40135.

    Among these revenues, detailed revenues from our battery business are:

    Battery Business   2024
    First Quater    		     2025
    First Quater    		     % Change
    YoY
    Net Revenues ($)   44,837,869     20,363,338     -54.6
    Gross Profits ($)   18,458,522     4,720,102     -74.4
    Gross Margin   41.2 %   23.2 %   –
    Net Income ($)   11,682,429     336,861     -97.1
    Net Revenues from Battery Business on Applications ($)                
    Electric Vehicles   480,181     537,507     11.9
    Light Electric Vehicles   1,510,292     2,844,874     88.4
    Residential Energy Supply & Uninterruptable supplies   42,847,396     16,980,957     -60.4
    Total   44,837,869     20,363,338     -54.6
    1 Net revenues consist of the Company’s self-operated battery business and Hitrans, which was acquired in 2021, an independently managed raw materials business.


    Cost of revenues     was $30.14 million, representing a decrease of 24.7% from $40.0 million in the same period of 2024.

    Gross profit was $4.8 million, representing an decrease of 74.43% from $18.78 million in the same period of 2024. Gross margin was 13.7%, compared to 31.9% in the same period of 2024.

    Operating loss amounted to $2.86 million, compared to an operating income of $10.3 million in the same period of 2024.

    Net loss attributable to shareholders of CBAK Energy was $1.58 million, compared to net income attributable to shareholders of CBAK Energy of $9.8 million in the same period of 2024.

    Basic and diluted loss per share were both $0.02, compared to basic and diluted income per share of $0.11 in 2024.

    Zhiguang Hu, Chief Executive Officer of the Company, commented, “As anticipated, we experienced a significant 41% year-over-year decline in net revenues. This decrease was expected, as Model 26650 — a cell developed in 2006 and still produced at our Dalian facilities — has become largely outdated. Both existing and potential customers are currently transitioning from Model 26650 to the more advanced Model 40135. We are confident that, upon completing the construction of new manufacturing lines for Model 40135 in the second half of this year, and as customers finalize product validation, our revenues will begin to recover gradually.”

    Jiewei Li, Chief Financial Officer and Secretary of the Board, added, “As Mr. Hu emphasized, we expect to recover once the product portfolio upgrade at our Dalian facilities is completed. Meanwhile, our Nanjing facilities continue to experience strong growth momentum, driven by robust market demand for Model 32140, our most advanced and flagship product to date. Additionally, we are in the final stages of securing a long-term order from one of our key customers, which we hope to finalize and share with our shareholders in the near future.”

    Conference Call

    CBAK Energy’s management will host an earnings conference call at 9:00 AM U.S. Eastern Time on Monday, May 19, 2025 (9:00 PM Beijing/Hong Kong Time on May 19, 2025).

    For participants who wish to join our call online, please visit:
    https://edge.media-server.com/mmc/p/wfu5unoh

    Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIb49b754e574a43e68068965ba0234966

    Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

    A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wfu5unoh

    The earnings release and the link for the replay are available at ir.cbak.com.cn

    About CBAK Energy

    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets
    As of December 31, 2024 and March 31, 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      December 31,
    2024    		     March 31,
    2025    		  
    Assets          
    Current assets          
    Cash and cash equivalents $ 6,724,360     $ 4,052,010  
    Pledged deposits   54,061,642       43,482,693  
    Term deposits   4,237,090       5,530,030  
    Trade and bills receivable, net   32,938,918       40,835,093  
    Inventories   22,851,027       30,803,486  
    Prepayments and other receivables   20,004,966       17,991,265  
    Receivables from former subsidiary   12,399       9,011  
    Income tax recoverable   566,458       455,342  
    Total current assets   141,396,860       143,158,930  
                   
    Property, plant and equipment, net   85,486,829       84,283,683  
    Construction in progress   42,526,859       51,527,443  
    Long-term investments, net   2,246,494       2,313,725  
    Prepaid land use rights   11,075,973       11,056,715  
    Intangible assets, net   382,962       268,398  
    Deposit paid for acquisition of long-term investments   15,864,318       15,949,095  
    Operating lease right-of-use assets, net   3,237,849       2,906,652  
    Total assets $ 302,218,144     $ 311,464,641  
                   
    Liabilities              
    Current liabilities              
    Trade and bills payable   84,724,386       93,398,948  
    Short-term bank borrowings   26,087,350       29,301,628  
    Other short-term loans   335,715       335,905  
    Accrued expenses and other payables   58,285,635       50,305,373  
    Payable to a former subsidiary, net   419,849       418,211  
    Deferred government grants, current   556,214       559,186  
    Product warranty provisions   23,426       23,000  
    Operating lease liability, current   1,268,405       1,159,373  
    Total current liabilities   171,700,980       175,501,624  
                   
    Long-term bank borrowings   –       4,131,890  
    Deferred government grants, non-current   7,580,255       10,272,610  
    Product warranty provisions   420,688       417,565  
    Operating lease liability, non-current   2,449,056       2,397,859  
    Total liabilities   182,150,979       192,721,548  
                   
    Commitments and contingencies              
                   
    Shareholders’ equity              
    Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; and 90,083,868 issued and 89,939,662 outstanding as of March 31, 2025   90,083       90,083  
    Donated shares   14,101,689       14,101,689  
    Additional paid-in capital   247,842,445       247,869,511  
    Statutory reserves   1,230,511       3,042,602  
    Accumulated deficit   (122,605,730 )     (125,997,055 )
    Accumulated other comprehensive loss   (14,919,345 )     (14,248,434 )
        125,739,653       124,858,396  
                   
    Less: Treasury shares   (4,066,610 )     (4,066,610 )
                   
    Total shareholders’ equity   121,673,043       120,791,786  
    Non-controlling interests   (1,605,878 )     (2,048,693 )
    Total equity   120,067,165       118,743,093  
                   
    Total liabilities and shareholder’s equity $ 302,218,144     $ 311,464,641  

     

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    For the three months ended March 31, 2024 and 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      Three months ended
    March 31,    		  
      2024     2025  
    Net revenues $ 58,822,432     $ 34,938,901  
    Cost of revenues   (40,041,385 )     (30,137,167 )
    Gross profit   18,781,047       4,801,734  
    Operating expenses:              
    Research and development expenses   (2,815,518 )     (3,023,961 )
    Sales and marketing expenses   (1,724,032 )     (896,050 )
    General and administrative expenses   (4,092,527 )     (3,804,137 )
    Allowance of credit losses and bad debts written off, net   114,013       58,395  
    Total operating expenses   (8,518,064 )     (7,665,753 )
    Operating income (loss)   10,262,983       (2,864,019 )
    Finance income, net   9,663       45,120  
    Other income, net   367,438       712,792  
    Share of (loss) income of equity investee   (18,824 )     55,125  
    Income (loss) before income tax   10,621,260       (2, 050,982 )
    Income tax expenses   (1,048,786 )     –  
    Net income (loss)   9,572,474       (2, 050,982 )
    Less: Net loss attributable to non-controlling interests   263,976       471,748  
    Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. $ 9,836,450     $ (1,579,234 )
                   
    Net income (loss)   9,572,474       (2,050,982 )
    Other comprehensive income (loss)              
    – Foreign currency translation adjustment   (1,906,048 )     699,844  
    Comprehensive income (loss)   7,666,426       (1,315,138 )
    Less: Comprehensive loss attributable to non-controlling interests   274,223       442,816  
    Comprehensive income (loss) attributable to CBAK Energy Technology, Inc. $ 7,940,649     $ (908,322 )
                   
    Income (loss) per share              
    – Basic $ 0.11     $ (0.02 )
    – Diluted $ 0.11     $ (0.02 )
                   
    Weighted average number of shares of common stock:              
    – Basic   89,925,024       89,938,690  
    – Diluted   90,123,965       89,938,690  

    The MIL Network –

  • MIL-OSI: Qorvo® Announces Intent to Nominate Peter Feld of Starboard Value for Election to the Board at the 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., May 19, 2025 (GLOBE NEWSWIRE) — Qorvo® (NASDAQ: QRVO), a leading global provider of connectivity and power solutions, today announced that its Board of Directors (the “Board”) has resolved to increase the size of the Board from nine to ten directors and to include Peter Feld as one of the Company’s director nominees in its proxy statement for the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

    The Board has also resolved to recommend that stockholders vote in favor of all Company director nominees, including Mr. Feld, at the 2025 Annual Meeting.

    Given the Company’s intention to nominate Mr. Feld, Starboard has agreed to rescind its nomination notice.

    Bob Bruggeworth, President and CEO of Qorvo, said, “Peter shares our goal of driving value for Qorvo shareholders and will bring additional technology industry knowledge and complementary perspectives, adding to our very qualified and experienced Board.”

    “We invested in Qorvo because of the tremendous potential we see in the Company’s strong product portfolio and leading industry position, which provide the foundation for Qorvo to drive continued improvement in growth, profitability, and value creation,” said Peter Feld, Managing Member of Starboard Value LP. “I am pleased to be nominated to the Board and look forward to working collaboratively with my fellow directors and the management team to help Qorvo capitalize on opportunities to drive long-term shareholder value.”

    About Peter A. Feld

    Peter A. Feld is a Managing Member, Portfolio Manager and Head of Research of Starboard Value LP since April 2011 and has significant expertise serving as a shareholder representative on numerous technology company boards that have created substantial value for shareholders. Mr. Feld has substantial experience in corporate finance, best-in-class corporate governance, and a deep understanding of capital markets. Prior to founding Starboard in 2011, Mr. Feld was a Managing Director and Head of Research at Ramius LLC for funds that comprised the Value and Opportunity investment platform. Prior to joining Ramius in February 2005, Mr. Feld was an analyst in the Technology Investment Banking group at Banc of America Securities LLC. Previously, he served as a member of the boards of directors of Gen Digital Inc., a global leader dedicated to powering Digital Freedom through its family of consumer brands, from September 2018 to May 2025; Green Dot Corporation, a financial technology company, from March 2022 to October 2023; GCP Applied Technologies, Inc., a technology company, from June 2020 until it was acquired by Compagnie de Saint-Gobain S.A. in September 2022; Magellan Health, Inc., a healthcare company, from March 2019 until it was acquired by Centene Corporation in January 2022; AECOM, a multinational infrastructure firm, from November 2019 to June 2020; Marvell Technology Group Ltd., a storage, networking and connectivity semiconductor solutions company, from May 2016 to June 2018; The Brink’s Company, a global leader in security-related services, from January 2016 to November 2017; Insperity, Inc., an industry-leading HR services provider, from March 2015 to June 2017; Darden Restaurants, Inc., a full-service restaurant company, from October 2014 to September 2015; Tessera Technologies, Inc. (n/k/a Xperi Corporation), a leading product and technology licensing company, from June 2013 to April 2014; and Integrated Device Technology, Inc., a company that designed, developed, manufactured and marketed a range of semiconductor solutions for the advanced communications, computing and consumer industries, from June 2012 to February 2014. Mr. Feld received a B.A. degree in Economics from Tufts University.

    About Qorvo

    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    About Starboard Value LP

    Starboard Value LP is an investment adviser with a focused and fundamental approach to investing in publicly traded companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. 

    Forward Looking Statements

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1.336.678.7968

    The MIL Network –

  • MIL-OSI Russia: China Launches Satellite Group from Sea Using CERES-1 Rocket

    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

    HAIYANG, Shandong Province, May 19 (Xinhua) — China on Monday successfully launched a commercial carrier rocket CERES-1 from a platform in waters off east China’s Shandong Province, sending a group of four satellites in the Tianqi constellation into a planned orbit.

    The launch took place at 15:38 Beijing time from the Taiyuan Satellite Launch Center from a sea platform. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Suspect in Southern California car bombing identified

    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

    LOS ANGELES, May 19 (Xinhua) — Guy Edward Bartkus, 25, is the prime suspect in a car bombing Saturday outside a fertility clinic in the southern California city of Palm Springs, authorities said Sunday.

    Authorities believe the suspect was killed in the blast and at least four others were injured.

    “The suspect had a nihilistic streak,” FBI Los Angeles Field Office Assistant Director Akil Davis said at a news conference Sunday, adding that the bombing was a “targeted attack.”

    According to him, the suspect tried to broadcast the explosions live.

    Palm Springs Police Chief Andy Mills said at a news conference Sunday that investigators were continuing to gather evidence at the explosion scene.

    E. Mills noted that “the city is safe” and “our society is not in any danger.” –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: EU significantly cuts 2025 growth forecast to 1.1%

    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

    BRUSSELS, May 19 (Xinhua) — The European Commission (EC) has significantly cut its growth forecast for the European Union to 1.1 percent in 2025 and 1.5 percent in 2026, according to its spring 2025 economic forecast released Monday, citing higher U.S. tariffs and uncertainty in global trade as reasons.

    In November last year, the EC forecast that the EU economy would grow by 1.5 percent in 2025 and by 1.8 percent in 2026. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Two killed, two injured in knife attack in South Korea

    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

    SEOUL, May 19 (Xinhua) — Two people were killed and two others injured in a knife attack in South Korea, and the suspect is on the run, Renhap News Agency reported Monday.

    The suspect fled after stabbing a woman in her 60s at a convenience store in Siheung City, 30 km southwest of Seoul, at around 9:34 a.m. local time. The woman was taken to hospital with serious stab wounds to her stomach and face.

    The unidentified body of a man in his 50s was found in the suspect’s home after police established his car number, home address and identity. The body had likely been there for several days.

    The suspect stabbed another man in his 70s at a sports park 2km from the store at around 1:21pm local time. The man was seriously wounded in the stomach and taken to hospital for treatment.

    Police found another unidentified body in a house opposite the store at around 2 p.m. local time. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China provides 424 billion yuan in tax breaks in Q1 to support innovation, industry

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — The total amount of tax and fee cuts and tax refunds to support China’s scientific and technological innovation and manufacturing sector in the first quarter of 2025 was 424.1 billion yuan (58.97 billion U.S. dollars), the General Administration of Taxation (GATT) said Monday.

    As noted by the department, data on value added tax (VAT) invoices indicate that structural measures to reduce taxes and fees accelerate the innovative impulse in the country and contribute to the high-quality development of the manufacturing industry.

    In the first four months of this year, sales revenue in China’s high-tech industries grew by 13.9 percent year on year, while the growth in services for the commercialization of scientific and technological achievements was 33.6 percent. Key sectors of the digital economy also maintained stable growth at 9.7 percent.

    The manufacturing sector also showed strong performance, with both digital and high-tech manufacturing posting double-digit revenue growth during the reporting period.

    Tax authorities will continue to ensure prompt and targeted delivery of policy measures to enterprises based on data to promote the development of new-quality productive forces and high-quality growth of China’s manufacturing sector, the State Tax Administration emphasized. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: HSE MBA: Chinese experience for Russian managers

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The visiting module of the MBA program of the Higher School of Business of the National Research University Higher School of Economics was successfully held in Shanghai. It was attended by 94 students: top managers of large Russian companies, entrepreneurs, heads of departments of state-owned companies.

    The module was organized jointly with Fudan University, one of the leading centers of business education in Asia. The university is among the best universities in China and Asia, widely recognized for its high level of teaching, quality of scientific research and international programs in the field of economics and management.

    The theoretical part of the module covered key aspects of the economy and business of modern China. The classes were taught by Fudan University lecturers – recognized experts in their fields, experienced specialists who are engaged in research projects in the areas of global and digital economy, fintech, corporate governance, blockchain technologies, big data and cybersecurity. Many of them are graduates of leading universities around the world, publish in authoritative scientific journals and actively consult businesses and government agencies. During the week, they immersed listeners in the specifics of the financial system of the PRC, discussed challenges to the country’s competitiveness in the international arena, compared approaches to the digital transformation of industry in China and in other countries.

    The practical part of the program was no less interesting and important for the audience. The organizers of the module offered a rich plan of visits to leading Chinese companies from key industries. Among them were COSCO Shipping, one of the world’s largest operators in the field of maritime logistics; NIO Inc, a developer and manufacturer of intelligent electric vehicles and autonomous driving technologies; SAIC Motor, a Chinese automobile manufacturing corporation actively working in the direction of new energy sources and autonomous transport.

    According to the manager MBA programs Vladimir Koptsev, Higher School of Business at the National Research University Higher School of Economics, international modules allow students not only to expand their professional horizons, but also to see key global economies in dynamics.

    Koptsev Vladimir Sergeevich

    Head of the MBA program at the Higher School of Business, National Research University Higher School of Economics

    Today, China is not just an important player, but one of the world’s leading economies, influencing global processes in business, finance and technology. It is fundamentally important for us that students are not limited to theory, but personally come into contact with this reality: through visits to companies, dialogue with experts and direct immersion in the country’s economic environment.

    The reaction of the participants of the visiting module themselves is indicative; they saw from the inside how the economy of one of the largest and rapidly developing countries in the world functions, and what management models are used by business leaders of the PRC.

    “Shanghai exceeded all expectations – it is a truly technologically advanced metropolis. I especially remember the lectures with Chinese professors about how the country became a global technological leader in 40 years. I was amazed by the number of electric cars – about 80% of cars on the roads, thanks to which the city of its size remains surprisingly quiet. A visit to a robotics company left a great impression. And, of course, it was nice to meet MBA students from parallel groups. I would like to separately thank the HSE Graduate School of Business for organizing the module at such a prestigious university as Fudan, and for the excellent organization of visits to leading Chinese enterprises. This trip will be remembered for a long time – a lot of new knowledge and vivid emotions!” – assessed the results Sergey Bespalov, Manager of Consulting in the field of production and operational management, Accenture AG, Zurich, Switzerland.

    The Chinese partners highly appreciated the cooperation with the HSE Graduate School of Business: “We are sincerely glad that the students not only visited Fudan University, but also benefited from this intercultural exchange. I hope that our program opened up new perspectives for the students, contributed to the development of their communication skills and broadened their horizons. We tried to tell as much as possible about the economic and cultural characteristics of China and demonstrate them during visits to various companies. We hope to continue fruitful cooperation with the HSE Graduate School of Business in the future, so that we can host MBA students within the walls of our university more than once,” Shuang Zhang, Manager of International Programs at Fudan University.

    Upon completion of the module, all students MBA programs received an official certificate from Fudan University confirming their participation and academic achievements.

    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.

    MIL OSI Russia News –

  • MIL-OSI China: China’s 11th military medical expert team to Ethiopia leaves for Addis Ababa 2025-05-19 17:38:14 The 11th Batch of Medical Aid Team of Chinese PLA to Ethiopia departed in the early morning of May 17 for Addis Ababa, capital of Ethiopia, to perform a year-long medical aid mission.

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

      By Liu Dan

      The Chinese PLA Army Medical University holds a setting-out ceremony for the 11th Batch of Medical Aid Team of Chinese PLA to Ethiopia. (Photo by Wei Hongping)

      BEIJING, May 19 — The 11th Batch of Medical Aid Team of Chinese PLA to Ethiopia departed in the early morning of May 17 for Addis Ababa, capital of Ethiopia, to perform a year-long medical aid mission.

      The 11th medical expert team, the largest military medical expert team ever sent to Ethiopia, consists of 14 military doctors. These military doctors are mainly selected from the First Hospital Affiliated to the Chinese PLA Army Medical University (AMU), covering disciplines such as clinical medicine, medical technology, hospital management, and logistic support. All the members have rich experience in clinical treatment or management.

      During domestic training, the team members received intensive targeted training on emotion management, critical illness treatment, infectious disease prevention and control, among others, which further enhanced their capabilities in carrying out overseas medical aid tasks.

      During the mission, the military medical expert team will continue to help the general hospital of the Ethiopian armed forces improve its medical support capabilities, comprehensively promote the construction of the Ethiopian national army’s newly opened specialized referral hospital, and provide support for the development of local medical and health services.

      Since 2015, the Chinese PLA Army Medical University has sent 11 batches of more than 100 medical experts to Ethiopia to perform medical support tasks for military operations other than war (MOOTW).

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    MIL OSI China News –

  • MIL-OSI China: Xi stresses high-quality compilation of 15th Five-Year Plan 2025-05-19 17:24:17 President Xi Jinping has stressed sound, democratic, and law-based decision-making to ensure China’s next five-year plan for national economic and social development is formulated in high quality.

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

      BEIJING, May 19 (Xinhua) — President Xi Jinping has stressed sound, democratic, and law-based decision-making to ensure China’s next five-year plan for national economic and social development is formulated in high quality.

      Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in a recent instruction on the work concerning the compilation of the 15th Five-Year Plan (2026-2030).

      Xi noted that the scientific formulation and consistent implementation of five-year plans stand as an important piece of experience in the CPC’s approach to governing the country.

      The formulation and implementation of the 15th Five-Year Plan holds immense significance for fully realizing the strategic initiatives outlined at the 20th CPC National Congress and advancing Chinese modernization, Xi said.

      He emphasized the importance of integrating top-level design with seeking advice from the public, enhancing research and discussions, and building broad consensus.

      Starting from 2026, China will embark on the implementation of the 15th Five-Year Plan for economic and social development.

      Currently, the CPC Central Committee is organizing the drafting of proposals for this plan, and relevant departments are gearing up to solicit opinions and suggestions from officials, the general public, as well as experts and scholars through various channels in the near future.

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    MIL OSI China News –

  • MIL-OSI China: ‘China Travel’ trending amid visa, tax policy boost

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

    BEIJING, May 19 — China’s optimized visa and tax refund policies have given a boost to inbound tourism, fueling the trending of “China Travel” globally, officials said.

    Speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency, Liu Jia, an official with the National Immigration Administration, highlighted that the updated visa-free policies have waived procedures and reduced time and financial burdens for foreign travelers, making it easier to visit China.

    China has introduced a slew of policies to facilitate inbound travel since 2023. Major steps taken included expanding mutual visa exemptions and unilateral visa-free access, and extending visa-free entry stay for international visitors.

    As of now, China has established comprehensive mutual visa exemptions with 29 countries, implemented unilateral visa-free policies for 38 countries, and transit visa-free policies for 54 countries including Britain, the United States and Canada.

    Tax refund schemes for international travelers have been optimized as well. While allowing foreign shoppers to instantly claim tax rebates at tax-free stores, China has also lowered the minimum purchase threshold for refunds, raised the cash refund ceiling and widened the range of products available.

    Speaking on the roundtable, Shi Zeyi, an official with the Ministry of Culture and Tourism, said that with continuous improvements in visa, payment and tax policies, “China Travel” has demonstrated robust recovery momentum and broad growth prospects.

    Last year, China recorded 132 million inbound trips, with total tourism spending reaching 94.2 billion U.S. dollars, recovering to 97.2 percent and 93.5 percent of 2019 levels, respectively, according to Shi.

    Liu noted that the influx of foreign visitors has spurred consumption across sectors such as hospitality, retail and cultural services, contributing to the growth of the service trade and attracting foreign investment.

    These updated policies are evidence of China’s commitment to opening up, Liu said, adding that they could help foster deeper cultural understanding between China and the international community, breaking stereotypes held by some countries.

    “First-hand experience can help dispel misunderstandings and biases, enabling the world to see, feel and recognize an open, inclusive, prosperous, stable and safe China,” Liu said.

    MIL OSI China News –

  • MIL-OSI: Aurora Mobile Expects to Outperform Previous Revenue Guidance for First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 19, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its total revenues for the first quarter of 2025 is estimated to be in the range of approximately RMB87.0 million to RMB90.0 million, representing a year-over-year growth of approximately 35% to 40%. Previous revenue guidance was in the range of RMB74.0 million to RMB77.5 million.

    Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We are pleased to report a strong start to 2025 with impressive momentum in the first quarter. EngageLab, the driving force behind our overseas operations, has maintained rapid growth, with revenue in the first quarter of 2025 estimated to surge by over 120% year-over-year. This growth has not only fueled the expansion of our overseas operations but also laid a solid foundation for our group’s ongoing development. In the first quarter, our client, a tech company that specializes in large language model (LLM) development, officially released its open-source R1 LLM. This release triggered an explosive surge in global downloads, driving significant revenue growth for us. Meanwhile, our Financial Risk Management business is estimated to have experienced substantial revenue growth driven by rising customer demand. Our AI agent platform, GPTBots.ai, continues to empower businesses with its no-code AI bot-building technology, helping businesses accelerate intelligent digital transformation. The synergy between EngageLab and GPTBots.ai underscores the effectiveness of our dual-engine strategy of ‘Global Market + AI Empowerment.’ This strategy has unlocked new growth opportunities, paving the way for us to expand our global market share and accelerate the commercialization of our technology.”

    First Quarter 2025 Preliminary Financial Results:

    • Total revenues for the first quarter 2025 are estimated to be between RMB87.0 million and RMB90.0 million, representing year-over-year increase of approximately 35% to 40% compared with RMB64.5 million in the first quarter of 2024.
    • Net Loss for the first quarter 2025 is estimated to be between RMB1.0 million and RMB2.0 million, compared with RMB2.6 million in the first quarter of 2024.
    • Cash and cash equivalents and restricted cash as of March 31, 2025 are estimated to be between RMB113.0 million and RMB114.0 million as compared with RMB119.5 million as of December 31, 2024.

    The above sets forth estimates of the unaudited selected consolidated financial data of Aurora Mobile as of and for the three months ended March 31, 2025 based on available information to date. This financial data is not a comprehensive statement of Aurora Mobile’s financial results as of and for the three months ended March 31, 2025. This financial data is preliminary in nature and subject to changes and completion of Aurora Mobile’s financial closing procedures. Aurora Mobile’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures, and does not express an opinion or any other form of assurance with respect to any of such data. Aurora Mobile’s actual results may differ materially from these estimates.

    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,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, 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 Aurora Mobile’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: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; 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. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI Russia: FlyArystan Airlines Opens Regular Charter Passenger Flight Almaty-Inin

    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

    URUMQI, May 19 (Xinhua) — A plane of Kazakhstan’s FlyArystan airline with 160 passengers on board landed safely at Yining International Airport in Ili Kazakh Autonomous Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, on May 18, marking the official opening of a direct Almaty-Yining-Almaty charter passenger flight.

    As reported to Xinhua by the Yining Customs, after the introduction of a visa-free regime between China and Kazakhstan, the number of tourists traveling from Almaty to the Ili-Kazakh Autonomous Okrug has been constantly growing. The new flight will be operated twice a week: on Thursdays and Sundays, which will give an additional impetus to the development of inbound tourism in the Ili-Kazakh Autonomous Okrug.

    Deputy Head of the Customs Inspection Department of Yining Customs Wang Yanju noted that the department had coordinated issues with border services, the airport and relevant Kazakh structures in advance to create a mechanism for exchanging information and promptly tracking flights. In addition, the procedure for customs inspection of luggage of arriving passengers was optimized, which significantly increased the efficiency of passengers passing customs control and ensured the smooth operation of the airline. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China struggles to maintain labor market stability amid external uncertainty

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — China’s labor market remained generally stable in April, with the survey unemployment rate in cities and towns declining month-on-month, data released by the National Bureau of Statistics showed Monday.

    According to the National Statistical Office, the unemployment rate in cities and urban towns in China fell to an average of 5.1 percent in April 2025 from 5.2 percent in March.

    In addition, the unemployment rate in 31 major cities of the country in April was 5.1 percent, which is 0.1 percentage points lower than in the previous month, according to the State Statistical Service.

    In the first four months of 2025, the average unemployment rate in Chinese cities was 5.2 percent, the same as in the same period last year.

    The stability of the labor market is ensured by the steady growth of China’s economy, improved industrial performance, expansion of new growth drivers, and increased support for employment of key groups, Fu Linghui, spokesman for the National Statistical Bureau of China, said at a press conference on Monday.

    China’s 2025 targets call for the survey unemployment rate in cities and towns to be kept at around 5.5 percent, with more than 12 million new jobs created in urban areas nationwide.

    Despite the ongoing uncertainties in the external environment, greater efforts will be made to stabilize and expand employment, promote full employment, improve the quality of jobs and improve the living conditions of the country’s people, Fu Linghui added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s rail freight volume up 3.6 pct in Jan-Apr 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

    BEIJING, May 19 (Xinhua) — China’s rail freight volume was about 1.3 billion tonnes in January-April 2025, up 3.6 percent year on year, the China State Railway Corporation (CSRC) said Monday.

    According to the KGZhK, the average daily loading at railway stations amounted to 180 thousand cars, which is 4.7 percent more in annual terms.

    From January to April, 672 million tons of coal were transported by rail in the country, 464 million tons of which were intended for electricity generation.

    Coal stocks at power plants remained high, while the volume of transportation of mining products and construction materials increased by 29.3 percent, and metallurgical materials by 10.7 percent, the KGZhK reported.

    Railway authorities across the country have also strengthened cooperation with shipping companies, creating 119 products under the “single bill of lading” multimodal rail-sea transportation system, reducing transportation time and logistics costs. From January to April 2025, the volume of cargo under the multimodal rail-sea transportation system reached 5.38 million TEU (twenty-foot equivalent unit), up 19.1 percent year on year.

    During the reporting period, the volume of cross-border freight continued to grow. The China-Europe freight train sector maintained stable dynamics. Moreover, 4,725 trips of freight trains were made on international freight routes between China and Central Asia, up 21 percent year-on-year, the KGRK noted. Meanwhile, 1.976 million tons of cross-border freight were transported on the China-Laos railway, up 7.6 percent year-on-year. -0-

    MIL OSI Russia News –

  • MIL-OSI China: Announcement on Open Market Operations No.93 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.93 [2025]

    (Open Market Operations Office, May 19, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB135 billion through quantity bidding at a fixed interest rate on May 19, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB135 billion

    RMB135 billion

    Date of last update Nov. 29 2018

    2025年05月19日

    MIL OSI China News –

  • MIL-OSI China: China’s inbound tourism continues heating up amid improving environment

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

    China’s inbound tourism continues heating up amid improving environment

    Xinhua | May 19, 2025

    China’s inbound tourism has maintained strong momentum, with a sharp rise in both international arrivals and visitor spending, buoyed by streamlined visa policies and an improved travel environment, according to officials.

    About 132 million inbound tourists visited China in 2024, with total spending reaching 94.2 billion U.S. dollars, recovering to 97.2 percent and 93.5 percent of the 2019 levels, respectively, Shi Zeyi, an official in charge of international exchanges and cooperation at the Ministry of Culture and Tourism, said during a recent episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.

    In the first quarter of 2025, China recorded 35.02 million inbound tourist visits, a 19.6 percent increase compared to the same period of last year, Shi added.

    Officials and industry insiders at the roundtable also highlighted the marked increase in inbound travel spending. Mobile payment giant Alipay reported a 180 percent surge in inbound tourist spending between May 1 and 3 this year, compared to the same period in 2024.

    The surge has been fueled in large by China’s expanded visa-exemption program and a slew of measures aimed at making travel more convenient, including enhanced transportation access, simplified payment systems, and instant tax refunds for departing visitors, according to Shi.

    China now grants unilateral visa-free entry to people from 38 countries and has extended its visa-free transit period to 240 hours for travelers from 54 countries. About 380,000 foreigners entered China under these arrangements during the May Day holiday, a year-on-year increase of 72.7 percent.

    As more foreign travelers visit China and have positive experiences, the potential of the country’s inbound consumption market will continue to grow, said Liu Jia, an official from the National Immigration Administration. 

    MIL OSI China News –