Category: China

  • MIL-OSI Russia: A military parade was held in Vladivostok in honor of the 80th anniversary of the Victory in the Great Patriotic War

    Translation. Region: Russian Federal

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

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

    Vladivostok, May 9 (Xinhua) — A military parade in honor of the 80th anniversary of Victory in the Great Patriotic War was held in the center of Vladivostok, the capital of the Far Eastern Federal District (FEFD), on Friday. About 1,900 people and over 50 units of modern and vintage equipment took part in the parade.

    Before the parade began, the Russian national flag and the Victory Banner were carried out to the central street of the city to the music of “Sacred War”. After that, the Governor of Primorsky Krai Oleg Kozhemyako congratulated those gathered on the holiday and thanked the veterans for their feat.

    The military parade started at 10:00. Commander of the Pacific Fleet Admiral Viktor Liina rode around the parade formation and congratulated the parade participants on the 80th anniversary of the Victory. Those gathered observed a minute of silence in memory of those who died during the Great Patriotic War. Artillery guns fired during the performance of the Russian National Anthem.

    The parade procession was opened by a company of Nakhimov drummers. The parade included a group of standard-bearers with the standards of the fronts, parade units in the uniform of infantrymen, pilots and sailors of the wartime, a combined company of Pacific Fleet officers, submariners and sailors of the Primorsky flotilla of the Pacific Fleet’s mixed forces, a combined battalion of the Pacific Fleet’s naval aviation, as well as cadets, border guards, employees of the Federal Penitentiary Service, young army members and members of military-patriotic clubs.

    After the parade companies passed along the central street of the city, a parade of military equipment began, in which more than 50 vehicles took part, including the legendary T-34 tanks, the Soviet heavy self-propelled artillery unit of the Great Patriotic War ISU-152, the modern T-80BV tank, BMP-3 infantry fighting vehicles, armored personnel carriers, Bal and Bastion coastal missile systems, the Tiger-M special-purpose armored car, the Uran-14 multifunctional robotic complex of engineering troops on a tracked chassis, the Murmansk electronic warfare complex, and other vehicles.

    The military parade also took place in Khabarovsk, Blagoveshchensk, Yuzhno-Sakhalinsk, Chita, Petropavlovsk-Kamchatsky, Ussuriysk and other cities of the Far East. –0–

    MIL OSI Russia News

  • MIL-OSI: Gravity Reports First Quarter of 2025 Results and Business Update

    Source: GlobeNewswire (MIL-OSI)

    Seoul, South Korea, May 09, 2025 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2025, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

    FIRST QUARTER 2025 HIGHLIGHTS

    • Total revenues were KRW 137,464 million (US$ 93,231 thousand), representing a 6% increase from the fourth quarter ended December 31, 2024 (“QoQ”) and a 14.8% increase from the first quarter ended March 31, 2024 (“YoY”).
    • Operating profit was KRW 24,730 million (US$ 16,772 thousand), representing a 55% increase QoQ and an 8% decrease YoY.
    • Profit before income tax expenses was KRW 28,450 million (US$ 19,295 thousand), representing a 12.1% increase QoQ and a 12.5% decrease YoY.
    • Net profit attributable to parent company was KRW 22,038 million (US$ 14,947 thousand), representing a 4.6% decrease QoQ and an 18% decrease YoY.

    REVIEW OF FIRST QUARTER 2025 FINANCIAL RESULTS

    Revenues

    Online game revenues for the first quarter of 2025 were KRW 18,806 million (US$ 12,755 thousand), representing a 5.1% decrease QoQ from KRW 19,822 million and a 4.1% increase YoY from KRW 18,065 million. The decrease QoQ was mainly attributable to decreased revenues from Ragnarok Online in Thailand. Such decrease was partially offset by increased revenue from Ragnarok Online in Japan. The increase YoY was largely due to increased revenues from Ragnarok Online in Thailand and China.

    Mobile game revenues were KRW 115,486 million (US$ 78,325 thousand) for the first quarter of 2025, representing a 9.4% increase QoQ from KRW 105,586 million and a 17.2% increase YoY from KRW 98,548 million. The increase QoQ attributed to initial revenues from Ragnarok M: Classic which was launched in Southeast Asia on February 14, 2025 and Ragnarok Idle Adventure Plus launched in Global except Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025. Such increase was partially offset by decreased revenues from Ragnarok Origin in Southeast Asia and THE RAGNAROK in Southeast Asia. The increase YoY was due to initial revenue from Ragnarok M: Classic in Southeast Asia, THE RAGNAROK in Southeast Asia launched on October 31, 2024 and Ragnarok: Rebirth in Taiwan, Hong Kong and Macau launched on October 31, 2024. This increase was partially offset by decreased revenues from Ragnarok Origin in Southeast Asia, Taiwan, Hong Kong and Macau and North, Central and South America.

    Other revenues were KRW 3,172 million (US$ 2,151 thousand) for the first quarter of 2025, representing a 26.5% decrease QoQ from KRW 4,315 million and a 0.2% increase YoY from KRW 3,166 million.

    Cost of Revenue

    Cost of revenue was KRW 87,458 million (US$ 59,316 thousand) for the first quarter of 2025, representing a 8% increase QoQ from KRW 81,008 million and a 18.8% increase YoY from KRW 73,628 million. The increase QoQ was mainly due to increased commission paid for mobile game services related to Ragnarok M: Classic in Southeast Asia. The increase YoY was primarily due to increased commission paid for mobile game services related to Ragnarok M: Classic in Southeast Asia, THE RAGNAROK in Southeast Asia and Ragnarok: Rebirth in Taiwan, Hong Kong and Macau.

    Operating Expenses

    Operating expenses were KRW 25,276 million (US$ 17,143 thousand) for the first quarter of 2025, representing a 22.9% decrease QoQ from KRW 32,765 million and a 31.1% increase YoY from KRW 19,282 million. The decrease QoQ was mainly due to decreased advertising expenses for THE RAGNAROK in Southeast Asia and salaries. The increase YoY was mainly due to increased advertising expenses for Ragnarok Idle Adventure Plus in Global, Ragnarok V: Returns in Thailand, Indonesia and Philippines and Ragnarok Begins in Taiwan, Hong Kong and Macau.

    Profit Before Income Tax Expenses

    Profit before income tax expenses was KRW 28,450 million (US$ 19,295 thousand) for the first quarter of 2025 compared with profit before income tax expense of KRW 25,377 million for the fourth quarter of 2024 and profit before income tax expenses of KRW 32,498 million for the first quarter of 2024.

    Net Profit

    As a result of the foregoing factors, Gravity recorded a net profit attributable to parent company of KRW 22,038 million (US$ 14,947 thousand) for the first quarter of 2025 compared with net profit attributable to parent company of KRW 23,099 million for the fourth quarter of 2024 and a net profit attributable to parent company of KRW 26,866 million for the first quarter of 2024.

    Liquidity

    The balance of cash and cash equivalents and short-term financial instruments was KRW 577,163 million (US$ 391,446 thousand) as of March 31, 2025.

    Note: For convenience purposes only, the KRW amounts have been expressed in U.S. dollars at the exchange rate of KRW 1,474.44 to US$ 1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.

    GRAVITY BUSINESS UPDATES

    Ragnarok Online IP-based Games

    • Ragnarok M: Classic, an MMORPG Mobile game

    Ragnarok M: Classic was officially launched in Southeast Asia on February 14, 2025 and Taiwan, Hong Kong and Macau on April 16, 2025.

    • Ragnarok Idle Adventure Plus, a Vertical Idle MMORPG Mobile game

    Ragnarok Idle Adventure Plus was launched in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025 and is underway for its launch in Taiwan, Hong Kong and Macau in the second quarter of 2025 and Korea in the second half of 2025.

    • Ragnarok X: Next Generation, an MMORPG Mobile and PC game

    Ragnarok X: Next Generation was officially launched in North, Central and South America, Oceania, England, Portugal, Spain and Ireland on May 8, 2025 and will be launching in Europe (except England, Portugal, Spain and Ireland) in the second quarter of 2025.

    • THE RAGNAROK, an MMORPG game

    THE RAGNAROK (Chinese title: 巴風特之怒) will be launched on WeChat (H5) Mini Programs in China in the second quarter of 2025.

    • Ragnarok: Dawn (tentative English title), an Idle MMORPG game

    Ragnarok: Dawn (tentative English title) was officially launched on WeChat Mini Programs in China on February 20, 2025, and mobile app version will be launched in Taiwan, Hong Kong and Macau in the second half of 2025.

    • Ragnarok V: Returns, a 3D MMORPG Mobile and PC game

    Ragnarok V: Returns was officially launched in Thailand, Indonesia and Philippines on March 27, 2025.

    • Ragnarok: Back to Glory, a 3D MMORPG Mobile game

    Ragnarok: Back to Glory was officially launched in Korea and re-launched in Southeast Asia on April 17, 2025 and will be launched in China in the third quarter of 2025.

    • Ragnarok Crush, a Puzzle and Tower Defense Mobile game

    Ragnarok Crush will be launched in Global in July 2025.

    • Ragnarok Online America Latina, an MMORPG PC game

    Ragnarok Online America Latina is scheduled to be direct-serviced in Latin America on May 28, 2025.

    • Ragnarok Zero, an RPG PC game

    Ragnarok Zero is being prepared to be launched in Taiwan in July 2025.

    • Ragnarok Libre, a Time Effective MMORPG Telegram game

    Ragnarok Libre is underway for its launch in Global in the second quarter of 2025.

    Ragnarok Online IP-based Blockchain Game

    • Ragnarok Landverse, an MMORPG Blockchain and PC game

    Ragnarok Landverse will be launched in Latin America in the second half of 2025.
    Ragnarok Landverse Genesis, a global new server integrated with RONIN platform, ranked first in trading volume after its official release in Global on March 29, 2025.

    Other IP-based games

    • JLPGA Heroine Collection, a Sports Mobile game

    JLPGA was officially launched in Japan on March 25, 2025.

    • Shambles: Sons of Apocalypse, a Deck-building Roguelike Mobile game

    Shambles: Sons of Apocalypse, was officially launched in Global except for China, Vietnam and Taiwan on March 27, 2025

    • Twilight Monk, a 2.5D Action RPG Console game

    Twilight Monk, was officially launched in Global on March 27, 2025

    • Snow Brothers 2 Special, an Action and Platformer Console game

    Snow Brothers 2 Special, was officially launched in Global on April 10, 2025

    • Meow Star Acers 2, a Farm Simulation Mobile game

    Meow Star Acers 2, is scheduled to be launched in Global in the second half of 2025.

    • Dragonica Origin, an MO Action RPG PC game

    Dragonica Origin will be launched in Southeast Asia in June 2025.

    • Gunbound, an MMO Turned-based Artillery PC game

    Gunbound is underway for its launch in Southeast Asia and Latin America in the second quarter of 2025.

    Expansion of Ragnarok IP-business

    Ragnarok Golf Monsters is an indoor-screen golf brand based on the Ragnarok monster characters. Gravity Communications Co., Ltd. opened the first facility of Ragnarok Golf Monsters in Taipei, Taiwan on February 27, 2025.

    Our New Subsidiary

    Gravity established Gravity Game Unite Sdn. Bhd. (“Gravity Game Unite”), a subsidiary in Malaysia, on March 12, 2025. Gravity will expand various game services including Ragnarok Online IP based games throughout Gravity Game Unite in Malaysian regions.

    Investor Presentation

    Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the first quarter in 2025 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

    About GRAVITY Co., Ltd. —————————————————
    Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

    Forward-Looking Statements:

    Certain statements in this press release may include, in addition to historical information, “forward-looking statements” within the meaning of the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe”, “project,” or “continue” or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the “SEC”), including our annual report for the fiscal year ended December 31, 2024 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

    Contact:

    Mr. Heung Gon Kim
    Chief Financial Officer
    Gravity Co., Ltd.
    Email: kheung@gravity.co.kr

    Ms. Jin Lee
    Ms. Yujin Oh
    IR Unit
    Gravity Co., Ltd.
    Email: ir@gravity.co.kr
    Telephone: +82-2-2132-7800

    GRAVITY Co., Ltd.
    Consolidated Statements of Financial Position

    (In millions of KRW and thousands of US$)

        As of
        31-Dec-24     31-Mar-25
        KRW     US$     KRW     US$
        (audited)     (unaudited)     (unaudited)     (unaudited)
    Assets                              
    Current assets:                              
    Cash and cash equivalents          228,898          155,244          201,367          136,572
    Short-term financial instruments          324,304         219,951           375,796           254,874
    Accounts receivable, net            81,152           55,039            74,469            50,507
    Other receivables, net              1,572             1,066              2,162              1,466
    Prepaid expenses               8,115             5,504              6,669              4,523
    Other current financial assets              6,602             4,478              6,033               4,092
    Other current assets              2,967              2,012               3,091               2,096
    Total current assets          653,610         443,294          669,587           454,130
    Property and equipment, net              9,957              6,753            10,576              7,173
    Intangible assets, net              7,057              4,786               6,414               4,350
    Deferred tax assets              5,617              3,810               6,294               4,269
    Other non-current financial assets                  1,767                1,198                   670                   454
    Other non-current assets              8,451             5,732             9,366              6,352
    Total assets          686,459         465,573          702,907          476,728
    Liabilities and Equity                              
    Current liabilities:                              
    Accounts payable            67,930           46,072            63,048            42,761
    Deferred revenue            26,761            18,150            24,015            16,288
    Withholdings              1,588              1,077              1,635               1,109
    Accrued expense              2,651             1,798              2,168              1,470
    Income tax payable              6,507             4,413              8,782              5,956
    Other current liabilities              3,212             2,178              3,390              2,299
    Total current liabilities              108,649              73,688            103,038              69,883
    Long-term account payables                 220                149                 220                 149
    Long-term deferred revenue              2,572             1,744              1,322                  897
    Other non-current liabilities              5,361              3,636              5,904               4,003
    Deferred tax liabilities              1,294               878              1,294                  878
    Total liabilities           118,096           80,095          111,778             75,810
    Share capital              3,474             2,356              3,474               2,356
    Capital surplus                26,979              18,298              26,979              18,298
    Other components of equity            23,801           16,143            24,507             16,621
    Retained earnings          513,418          348,212           535,456           363,159
    Equity attributable to owners of the Parent Company          567,672          385,009          590,416           400,434
    Non-controlling interest                 691                 469                  713                  484
    Total equity          568,363          385,478          591,129           400,918
    Total liabilities and equity          686,459         465,573          702,907           476,728

    * For convenience purposes only, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,474.44 to US$ 1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.

    GRAVITY Co., Ltd.
    Consolidated Statements of Comprehensive Income

    (In millions of KRW and thousands of US$ except for share and ADS data)

        Three months ended
        31-Dec-24     31-Mar-24     31-Mar-25
        (KRW)   (US$)     (KRW)   (US$)     (KRW)   (US$)
        (unaudited)   (unaudited)     (unaudited)   (unaudited)     (unaudited)   (unaudited)
    Revenues:                            
    Online games   19,822   13,444                    18,065   12,252                    18,806   12,755
    Mobile games   105,586   71,611                    98,548   66,838                   115,486   78,325
    Other revenue   4,315   2,927                      3,166   2,147                      3,172   2,151
    Total net revenue   129,723   87,982                   119,779   81,237                  137,464   93,231
    Cost of revenue   81,008   54,942                    73,628   49,936                    87,458   59,316
    Gross profit   48,715   33,040                    46,151   31,301                    50,006   33,915
    Operating expenses:                            
    Selling, general and administrative expenses   28,311   19,201                    15,747   10,680                    21,859   14,825
    Research and development   3,669   2,488                      3,601   2,442                      3,431   2,327
    Others, net                            785                       534                               (66)                      (45)                               (14)                         (9)
    Total operating expenses   32,765   22,223                    19,282   13,077                    25,276   17,143
    Operating profit   15,950   10,817                    26,869   18,224                    24,730   16,772
    Finance income(costs):                            
    Finance income                     9,801               6,647                      6,297   4,271                    10,717   7,269
    Finance costs                          (374)                     (254)                            (668)                    (453)                         (6,997)                 (4,746)
    Profit before income tax   25,377   17,210                    32,498   22,042                    28,450   19,295
    Income tax expense   2,274   1,542                      5,615   3,808                      6,372   4,322
    Profit for the year   23,103   15,668                    26,883   18,234                    22,078   14,973
    Profit attributable to:                            
    Non-controlling interest                                 4                           3                                 17                        12                                 40                         26
    Owners of Parent company   23,099   15,665                    26,866   18,222                    22,038   14,947
    Earning per share                            
    – Basic and diluted                      3,324                 2.25                      3,866   2.62                      3,171   2.15
    Weighted average number of shares outstanding                            
    – Basic and diluted               6,948,900        6,948,900               6,948,900   6,948,900               6,948,900   6,948,900
    Earning per ADS                            
    – Basic and diluted                      3,324                2.25                     3,866   2.62                    3,171   2.15

    * For convenience, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,474.44 to US$1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.
    (1) Each ADS represents one common share.

    The MIL Network

  • MIL-OSI Asia-Pac: HyD holds sharing session on Hong Kong’s major transport infrastructure projects to exchange innovative engineering experiences with Mainland counterparts in Shanghai (with photos)

    Source: Hong Kong Government special administrative region

         The Director of Highways, Mr Tony Yau, today (May 9) led a department delegation in a sharing session on Hong Kong’s major transport infrastructure projects with Mainland counterparts in Shanghai to jointly exchange innovative experiences in implementing transport infrastructure works. The sharing session attracted the participation of many Mainland counterparts, who came from more than 20 contractors, light-rail manufacturers, railway operators, design institutes, etc which are respectively central state-owned enterprises, state-owned enterprises and civilian-run enterprises, including China Railway Group Limited, China Road and Bridge Corporation, China Railway Construction Corporation Limited represented by China Civil Engineering Construction Corporation, CRRC Nanjing Puzhen Company Limited, CRRC Qingdao Sifang Company Limited, CRRC Zhuzhou Institute Company Limited, BYD Company Limited, Shanghai Shenkai Public Transport Operation Management Company Limited, and Shanghai Municipal Engineering Design Institute (Group) Company Limited, etc.

         At the sharing session, the Highways Department (HyD) introduced the major findings of the Strategic Studies on Railways and Major Roads beyond 2030, which covered cross-boundary railway projects (the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) and the Northern Link Spur Line); smart and green mass transit systems (the East Kowloon Line and the South Island Line (West)); and strategic route projects (the Northern Metropolis Highway and Route 11) being planned and implemented by the department to the Mainland counterparts. The attendees were very interested in the implementation of these projects.

         The HyD will soon seek funding approval for the investigation and design work of the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project from the Legislative Council. Government Engineer of Railway Development Mr Thomas Sze said at the sharing session that the preliminary design of the project would commence in the second half of 2025, while at the same time the department would invite relevant contractors and operators to submit expressions of interest to provide their views on project proposals, procurement and financial agreements, so as to facilitate the department in ascertaining the market’s interest and capability in the construction and operation of the project, thereby formulating appropriate tender specifications and terms. Mr Sze appealed for active participation of interested parties and added that the HyD would strive to award the works contract and commence the detailed design and construction works between 2027 and 2028, with a view to completing the works and achieving simultaneous commissioning of the Hong Kong section and the Shenzhen section by 2034 to 2035. In addition, the HyD is actively exploring with Mainland counterparts to adopt Mainland design standards and construction specifications in the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project as a cross-boundary railway project, as well as the arrangement of introducing Mainland new machineries, construction materials and innovative construction technologies in the project, with an aim to further achieving savings in construction costs and compressing construction time.

         Mr Yau said that the teams of Hong Kong’s major infrastructure projects have always possessed the features of internationalisation, with many major infrastructures jointly designed and constructed by leading local and global engineering firms in the past. He hoped that the department would adopt a “technological innovation” and “policy innovation” dual-innovation mindset and approach to attract more Mainland enterprises to participate in the implementation of Hong Kong’s infrastructure projects, thereby introducing advanced and innovative construction technologies as well as new construction materials and machineries from the Mainland, while integrating the unique experience of the local engineering talent in responding to environmental challenges in Hong Kong, allowing the engineering sectors on the Mainland and in Hong Kong to jointly capitalise on their respective strengths and join hands to lead the development of Hong Kong’s engineering technology to new heights, thus achieving the goal of further shortening construction times and reducing construction costs.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: 11 visits of Xi Jinping to Russia since becoming the President of China in 2013

    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

    Russians. Ori.org.KN | 09. 05. 2025

    Keywords:

    Source: russian.china.org.cn

    11 visits of Xi Jinping to Russia since taking over as Chinese President in 2013 From May 7 to 10, at the invitation of Russian President Vladimir Putin, Chinese President Xi Jinping is paying a state visit to Russia and will take part in celebrations in Moscow to mark the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    MIL OSI Russia News

  • MIL-OSI Russia: Golden words of Chinese President Xi Jinping during his state visit to Russia in May

    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

    Russians. Ori.org.KN | 09. 05. 2025

    Keywords: Xi Jinping

    12  3  4  5  6  >  

    Source: russian.china.org.cn

    Golden words of Chinese President Xi Jinping during his state visit to Russia in May Golden words of Chinese President Xi Jinping during his state visit to Russia in May

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping attended the military parade on Red Square in Moscow

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Xinhua | 09. 05. 2025

    Keywords: Xi Jinping, Chairman of the People’s Republic of China, Red Square, military parade, attended, Moscow, festive event, international organizations, anniversary of victory, Jinping, countries, union, Friday, leaders, war

    Moscow, May 9 (Xinhua) — Chinese President Xi Jinping attended a grand military parade on Red Square here on Friday to mark the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    Leaders from more than 20 countries and international organizations are participating in the celebratory event. –0–

    Source: Xinhua

    Xi Jinping attended the military parade on Red Square in Moscow Xi Jinping attended the military parade on Red Square in Moscow

    MIL OSI Russia News

  • MIL-OSI Russia: China, Russia Propose Model of International Relations and Great Power Cooperation – Joint Statement

    Translation. Region: Russian Federal

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

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

    MOSCOW, May 9 (Xinhua) — China and Russia have proposed a model of new international relations and cooperation between great powers and each other’s largest neighbors, according to a joint statement released here on Thursday.

    A joint statement by China and Russia on further deepening the comprehensive partnership and strategic cooperation in the new era was published following talks between Chinese President Xi Jinping and Russian President Vladimir Putin in the Russian capital.

    The statement noted that relations between China and Russia have reached the highest level in their history and continue to develop confidently and comprehensively.

    China and Russia, as important trading partners of each other, unanimously note that bilateral mutually beneficial cooperation has made a positive contribution to improving the well-being of the peoples of the two countries, the statement said.

    In order to further promote mutually beneficial cooperation, the parties agreed to promote the stable development of bilateral trade and improve the structure of trade turnover, including by increasing the share of high-tech products and developing innovative methods of electronic commerce.

    The two sides will work to deepen investment ties and strengthen the comprehensive energy partnership, the statement said.

    According to the document, the parties will also expand and build up the potential for scientific and technical cooperation, including by forming new areas of cooperation in the field of innovation, fundamental and applied research, organize regular joint competitions and the implementation of scientific research projects, and support the creation of new formats of scientific and technical cooperation.

    The statement said that the two countries will comprehensively deepen multifaceted bilateral practical cooperation and ensure its significant qualitative advancement by 2030 in such areas as trade and economic, customs, agricultural, transport, financial, industrial, environmental cooperation, as well as cooperation in the field of space and satellite navigation, nuclear energy, urban development, healthcare and information and communication technologies. –0–

    MIL OSI Russia News

  • MIL-OSI United Nations: From Waste to Opportunity: UNRMS and the Road to 100% Phosphogypsum Utilization

    Source: United Nations Economic Commission for Europe

    The global phosphate fertilizer industry produces in excess of 230 million tonnes of phosphogypsum (PG) each year, a quantity anticipated to increase in response to the escalating demand for food production. Historically regarded as a waste, PG has now accumulated in stockpiles surpassing 6 billion tonnes, thereby presenting significant environmental and economic challenges. 

    The newly released 2025 International Fertilizer Association (IFA) report titled  “Phosphogypsum: From Waste to Inventory ” presents compelling evidence that phosphogypsum (PG) can be reclassified as a secondary raw material, exhibiting a multitude of potential applications. These analyses were undertaken with the support of the United Nations Resource Management System (UNRMS), which provides a structured framework for sustainable resource classification and reuse. As of 2024, global reuse rates of PG are approximately 35%, with countries such as Brazil and China showcasing the viability of large-scale, market-driven valorization. Presently, PG is utilised in road construction, building materials, soil conditioning, and environmental restoration initiatives. With appropriate pre-treatment and well-defined regulatory frameworks, even critical raw materials, such as rare earth elements (REE), can be effectively recovered from PG in significant quantities. 

    UNRMS: A Governance Framework for Circular Resource Use 

    The United Nations Resource Management System (UNRMS) provides a progressive governance framework aimed at supporting the sustainable utilisation of natural resources, including industrial co-products such as PG. UNRMS integrates principles of transparency, circularity, value creation, and equity at every phase of the resource lifecycle, encompassing production through to post-use recovery. 

    Within the framework of PG studies, UNRMS advocates for a shift from waste disposal towards the valorization of resources. It encourages nations to implement differentiated regulatory approaches that are congruent with environmental risks and socio-economic advantages. By incorporating PG management into comprehensive national strategies—particularly those that focus on climate resilience, food security, and green infrastructure—UNRMS offers governments and industry a pragmatic model to align with the Sustainable Development Goals (SDGs) and the Paris Agreement. 

    100% Utilization: A Feasible and Forward-Looking Objective 

    The 2025 report delineates an expanding array of PG applications, many of which are commercially viable. These encompass: 

    • Bio-innovation and land restoration techniques include microbial soil enhancement, biocrust stabilization, and mangrove substrate engineering. 

    By implementing the UNRMS framework, countries can facilitate the establishment of policies, investments, and innovations that render the goal of 100% PG utilization both attainable and imminent. This approach constitutes not only a solution for waste management but also a conduit for climate-smart, resource-efficient, and inclusive development. 

    Source: https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-phosphate.pdf   

    MIL OSI United Nations News

  • MIL-OSI China: China’s new-energy passenger car sales surge in April

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

    Visitors learn about a car at the 20th China (Changsha) International Automobile Exposition in Changsha, central China’s Hunan Province, Dec. 4, 2024. [Photo/Xinhua]

    China’s new-energy passenger vehicle market continued to see robust growth in April, with retail sales reaching about 922,000 units, industry association data showed Thursday.

    The figure marked a 37 percent year-on-year increase, but a 7 percent decrease from the previous month, according to the China Passenger Car Association (CPCA).

    The penetration rate of new-energy vehicles, a gauge of popularity, in the domestic market stood at 52.3 percent in April.

    During the first four months of the year, total retail sales of new-energy passenger cars amounted to 3.34 million units, representing a 37 percent increase from the previous year, the CPCA data showed.

    Retail sales of passenger cars stood at 1.79 million in April, up 17 percent year on year, but 8 percent lower than the previous month.

    During the first four months of the year, total retail sales of passenger cars hit 6.92 million, up 9 percent year on year.

    MIL OSI China News

  • MIL-OSI China: EU targets 95-bln-euro worth of US imports

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

    Flags of the European Union fly outside the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium, Jan. 29, 2025. [Photo/Xinhua]

    The European Commission has launched a public consultation targeting U.S. imports worth 95 billion euros (107.2 billion U.S. dollars), warning that retaliatory measures could take effect if ongoing negotiations with the United States fail to yield an agreement, according to a statement released on Thursday.

    The consultation covers a broad range of U.S. industrial and agricultural goods, including wine, frozen meat, aircraft, cars and car parts, chemicals, electrical equipment, healthcare products, and machinery.

    In parallel, the bloc is also weighing new restrictions on 4.4 billion euros of European Union (EU) exports to the United States, such as steel scrap and chemical products.

    Currently, the EU faces 25 percent U.S. tariffs on steel, aluminum, and automobiles, alongside 10 percent baseline duties on most other exports. The bloc has been preparing for a possible end to a 90-day tariff truce, which is set to expire on July 8. If no deal is reached, the U.S. universal tariffs could rise to 20 percent.

    The Commission stated that the consultation on countermeasures aims to address both the universal U.S. tariffs and those specifically targeting cars and auto parts.

    At the same time, the Commission announced that the EU will launch a World Trade Organization (WTO) dispute against the so-called “reciprocal” tariffs and duties on vehicles and vehicle components. The EU will submit a formal request for consultations, arguing that the U.S. measures violate core WTO rules.

    “The EU’s objective is thus to reaffirm that internationally agreed rules matter, and these cannot be unilaterally disregarded by any WTO member, including the U.S.,” the statement underlined.

    While underscoring the EU’s preference for a negotiated solution, European Commission President Ursula von der Leyen emphasized that the bloc “continues preparing for all possibilities.”

    The Commission noted that nearly 70 percent of EU exports to the United States – amounting to 379 billion euros – are now affected by the new tariffs, including some that are temporarily suspended. These tariffs have increased business costs, slowed economic growth, fueled inflation, and contributed to heightened global economic uncertainty.

    Stakeholders are invited to submit feedback on the proposed measures until June 10. Following the consultation, the Commission will finalize its proposal and consult EU member states. If necessary, a legal act imposing tariffs could be swiftly enacted should talks with Washington collapse.

    Regarding the WTO dispute, once the EU formally requests consultations, both parties will have up to two months to reach a mutually acceptable resolution. If no agreement is reached, the EU may request the establishment of a dispute panel to adjudicate the matter. (1 euro = 1.13 U.S. dollars)

    MIL OSI China News

  • MIL-OSI Russia: China, Russia Should Make New Contributions to Promoting Development and Revival of the Two Countries and Ensuring International Justice: Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    MOSCOW, May 9 (Xinhua) — Chinese President Xi Jinping said Thursday that China and Russia should take a clear stance and comprehensively coordinate actions to make new and greater contributions to promoting the development and revival of the two countries and upholding international justice.

    Xi Jinping made the statement when he and Russian President Vladimir Putin met with the press following talks in Moscow.

    In the face of global, epochal and historical changes, China and Russia should firmly guide the development trend of bilateral ties and human society, the Chinese president said.

    Noting that the talks with Putin were in-depth, cordial and fruitful, Xi said the two leaders reached new important consensus on many issues, signed a joint statement on further deepening the China-Russia comprehensive strategic partnership of coordination for a new era, and witnessed the exchange of a series of documents on bilateral cooperation, which injected new impetus into the development of ties.

    Xi Jinping said this was his 11th visit to Russia, the country he visited most often as China’s president. On Friday, the Chinese leader will attend celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War, his second time in a decade attending the grand commemorative event.

    According to Xi Jinping, the past decade has seen major upheavals and transformations in the international situation, as well as a major leap forward in China-Russia relations. The two countries have continuously strengthened and deepened political mutual trust and continuously improved cooperation in various fields.

    China and Russia should maintain the long-standing friendship passed down from generation to generation and remain true friends who have endured trials and tribulations, the Chinese president stressed. Eighty years ago, the peoples of the two countries united in the face of the brutal aggression of militarism and Nazism, fought shoulder to shoulder against the common enemy, and wrote a remarkable and heroic chapter in history, he said.

    The great friendship forged between the two peoples through the trials of war and bloodshed has laid a solid foundation for the high-level development of bilateral relations, Xi said. China and Russia should deepen political mutual trust, strengthen strategic coordination and push bilateral ties toward greater maturity and sustainability, he added.

    The Chinese leader said the two countries should maintain mutually beneficial cooperation and be good partners that help each other prosper.

    The “high-speed train” of Chinese-Russian mutually beneficial cooperation has made an extraordinary journey through mountains and valleys, overcoming challenges and obstacles, Xi Jinping said. During World War II, the two sides supplied each other with much-needed supplies despite the difficulties, and have now achieved record trade turnover, he noted.

    China and Russia should continue to deepen practical cooperation in various fields and strengthen the material basis for comprehensive strategic coordination so as to bring more benefits to the peoples of both countries and inject stronger impetus into global development, he said.

    Xi Jinping noted that Beijing and Moscow should uphold justice and safeguard the international order. China and Russia, as the main theaters of war in Asia and Europe during World War II, made decisive contributions to the victory in the World Anti-Fascist War and laid a solid foundation for the establishment of the post-war international order, he stressed.

    The two countries, as forces of stability, progress and development in the international community, should continue to firmly stand shoulder to shoulder, resolutely safeguard the international system with the UN as the core and the world order based on international law, and continuously promote an equal and orderly multipolar world, Xi said.

    China and Russia should maintain solidarity and mutual assistance and act as leading forces in global governance, the Chinese President noted, stressing that the future of the world should be decided by all countries together, and the fruits of global development should be shared by all.

    As major powers and key emerging market countries, China and Russia have a lofty mission to push global governance toward greater equality and fairness, and should strengthen coordination within multilateral platforms such as the UN, SCO and BRICS, remain committed to genuine multilateralism, guide global governance in the right direction, and promote inclusive economic globalization that benefits everyone, he said.

    Xi Jinping stressed that in the current turbulent and complex international situation, China and Russia must firmly adhere to the spirit of strong bilateral good-neighborliness and friendship, comprehensive strategic coordination and mutually beneficial cooperation.

    According to him, the two countries should work together to overcome challenges, comprehensively enhance the level, scale and sustainability of China-Russia relations, bring more stability to world peace and security, and inject more powerful impetus into global development and prosperity. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping, Swedish King exchange congratulations on 75th anniversary of diplomatic relations

    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 9 (Xinhua) — Chinese President Xi Jinping and Swedish King Carl XVI Gustaf on Friday exchanged congratulations on the 75th anniversary of the establishment of diplomatic ties between the two countries.

    In his telegram, Xi Jinping noted that Sweden was one of the first European countries to establish diplomatic relations with China.

    According to him, in the 75 years since the establishment of diplomatic ties, Sino-Swedish relations have generally remained stable. Bilateral cooperation in areas such as economy and trade, science and technology, education and people-to-people exchanges has been constantly expanding, and positive results have been achieved.

    Xi Jinping stressed that he attaches great importance to the development of China-Swedish relations and is willing to work with King Carl XVI Gustaf to take this anniversary as a new starting point to strengthen political mutual trust, deepen practical cooperation, expand people-to-people and cultural exchanges, jointly support multilateralism and free trade, so as to bring greater benefits to the peoples of the two countries and make greater contributions to world peace and prosperity.

    On the occasion of the 75th anniversary of the establishment of diplomatic relations, King Carl XVI Gustaf expressed his sincere wishes for further deepening of close cooperation between Sweden and China and hope for the continuous development of bilateral friendly relations. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: First special mail train departs from Xinjiang on China-Europe international rail freight route

    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 9 (Xinhua) — A special train loaded with mail left the Horgos railway border crossing in northwest China’s Xinjiang Uygur Autonomous Region on Thursday bound for Kazakhstan’s Burundai Railway Station, marking the first such freight train in the region to operate on the China-Europe international freight rail route.

    The train is carrying 1,038 parcels weighing a total of 17 tons, containing goods sold through cross-border e-commerce, such as clothing, electronics and everyday items. It will take 2-3 days to reach its destination. After arriving in Kazakhstan, the cargo will be distributed to more than 20 European countries.

    Before the new train, existing trains could only deliver a small amount of mail from Xinjiang to Central Asian countries. Now, it will be possible to deliver an average of 30 tons of mail per month.

    According to a representative of one of the local freight forwarding companies, the formation of this channel for the delivery of postal items will provide business opportunities for both domestic foreign trade enterprises and cross-border e-commerce platforms. -0-

    MIL OSI Russia News

  • MIL-OSI: Himax to Debut Breakthrough Ultra-Luminous Miniature Dual-Edge Front-lit LCoS Microdisplay at SID Display Week 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, May 09, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the unveiling of its miniature ultra-luminous Dual-Edge Front-lit LCoS microdisplay at Display Week 2025. Organized by the Society for Information Display (SID), Display Week is one of the premier symposiums and exhibitions in the display industry and taking place May 11–16, 2025 in San Jose. Himax Senior Director, Simon Fan-Chiang will deliver an in-depth presentation on this cutting-edge technology during Session 3 of the symposium on May 13.

    Himax’s proprietary Dual-Edge Front-lit LCoS microdisplay integrates both the illumination optics and LCoS panel into an exceptionally compact form factor, as small as 0.09 c.c., and weighing only 0.2 grams, while targeting up to 350,000 nits brightness and 1 lumen output at just 250mW maximum total power consumption, demonstrating unparalleled optical efficiency. With a 720×720 resolution and 4.25µm pixel pitch, it delivers outstanding clarity and color vibrancy in a miniature footprint. The microdisplay’s compact and power-efficient design enables significantly smaller form factors without compromising brightness, clarity, or color, redefining the boundaries of high-performance miniature optics. With industry-leading compact form factor, superior brightness and power efficiency, it is ideally suited for next-generation AR glasses and head-mounted displays where space, weight, and thermal constraints are critical.

    “We are proud to introduce our state-of-the-art Dual-Edge Front-lit LCoS microdisplay, a true milestone in display innovation,” said Jordan Wu, CEO of Himax. This achievement is the result of years of rigorous development, delivering an industry-leading combination of ultra-compact size, extremely lightweight design, high brightness, and exceptional power efficiency to meet the demanding needs of AR device makers. We believe this breakthrough technology will be a game-changer for next-generation AR applications.”

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI China: Xi, Putin meet press 2025-05-08 19:35:41 Chinese President Xi Jinping and Russian President Vladimir Putin jointly met the press here on Thursday.

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

      Chinese President Xi Jinping and Russian President Vladimir Putin jointly meet the press after their talks at the Kremlin in Moscow, Russia, May 8, 2025. Xi held talks here on Thursday with Putin. (Xinhua/Zhai Jianlan)

      MOSCOW, May 8 (Xinhua) — Chinese President Xi Jinping and Russian President Vladimir Putin jointly met the press here on Thursday.

      Xi arrived on Wednesday to pay a state visit to Russia and attend the celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War.

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    MIL OSI China News

  • MIL-OSI China: Xi attends Russia’s Victory Day parade at Moscow’s Red Square 2025-05-09 15:17:58 Chinese President Xi Jinping on Friday attended a grand parade here at the Red Square marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War.

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

      MOSCOW, May 9 (Xinhua) — Chinese President Xi Jinping on Friday attended a grand parade here at the Red Square marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War.

      Leaders from more than 20 countries and international organizations are invited to the event. 

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    MIL OSI China News

  • MIL-OSI Asia-Pac: President Lai extends congratulations on election of His Holiness Pope Leo XIV  

    Source: Republic of China Taiwan

    Details
    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
    2025-05-01
    President Lai meets Japan’s LDP Youth Division delegation
    On the morning of May 1, President Lai Ching-te met with a delegation from Japan’s Liberal Democratic Party (LDP) Youth Division. In remarks, President Lai thanked the guests for demonstrating support for deepening Taiwan-Japan ties through concrete actions. The president expressed hope that Taiwan and Japan can continue to conduct exchanges in such areas as national defense, the economy, education, culture, sports, and the arts so that bilateral relations reach even greater heights. A translation of President Lai’s remarks follows: I want to welcome our distinguished guests, who include Diet members in the LDP Youth Division and guests from Junior Chamber International (JCI) Japan, to the Presidential Office. It is also a pleasure to see LDP Youth Division Director Nakasone Yasutaka, House of Representatives Member Hiranuma Shojiro, and House of Councillors Member Kamiya Masayuki again today. I look forward to discussions with all our distinguished guests. The LDP Youth Division and JCI Japan have once again demonstrated support for deepening Taiwan-Japan ties through concrete actions. On behalf of the people of Taiwan, I also want to thank the LDP Youth Division for launching a fundraising campaign to help those affected by the earthquake in Hualien County on April 3 last year. LDP Youth Division members will be important leaders in Japan’s political arena in the future. Taiwan deeply values our exchanges with the Youth Division and hopes to bring about concrete results from such exchanges. Peace and stability in the Taiwan Strait are critical to the security and prosperity of the world, and Taiwan and Japan can work together to promote peace and stability in the Indo-Pacific region. Former Prime Ministers Abe Shinzo and Kishida Fumio, and current Prime Minister Ishiba Shigeru have repeatedly stressed the importance of peace and stability in the Taiwan Strait at important international venues. Taiwan is deeply grateful to Japan’s current and former prime ministers for their concern and support for this issue. Taiwan and Japan can also cooperate in industry and the economy. As our industries are complementary, further cooperation can create win-win outcomes. In the semiconductor industry, for instance, Taiwan’s strengths lie in manufacturing, while Japan’s strengths lie in materials, equipment, and technology. If we work together, the semiconductor industry is sure to see even more robust development. In addition to the economy and national defense, Taiwan and Japan can also conduct exchanges in such areas as education, culture, sports, and the arts. Our countries have long shared deep ties – Director Nakasone’s grandfather, former Prime Minister Nakasone Yasuhiro, was stationed in Taiwan and lived in what is now the Mingde New Residential Quarter of Kaohsiung City’s Zuoying District. I am confident that on the basis of our already solid foundations, Taiwan-Japan relations can reach even greater heights. Director Nakasone then delivered remarks, first thanking President Lai for finding time in his busy schedule to meet with the visiting delegation. He said that the LDP Youth Division sends a visiting delegation to Taiwan each year and is always granted the opportunity to meet with the president, demonstrating his high regard for the delegation, for which the director again expressed his gratitude. He remarked that he, together with House of Representatives Member Suzuki Keisuke, visited Taiwan last July, and that whenever he visits Taiwan, it feels as if he is returning home. Director Nakasone recalled President Lai’s earlier remarks, saying that he hopes the young people of Taiwan and Japan can fully engage in exchanges in the areas of national defense, the economy, culture, education, and the arts. The director said he believes that in today’s complex and difficult international situation, such directives are necessary. This is especially so, he emphasized, during United States President Donald Trump’s second term, when things once taken for granted are no longer so, and when the global economy is undergoing significant changes. Director Nakasone expressed his full support for strengthening Taiwan and Japan’s practical and strategic cooperation. He said he believes each side will be able to benefit from such cooperation and hopes that exchanges will progress toward shared goals. He pointed out that, as maritime nations, Taiwan and Japan share the goals of protecting the ocean and using marine resources wisely, goals that we ought to cooperate on and devote our full efforts to. The peace and stability of the Taiwan Strait are critical to the peace and stability of East Asia and even the world, he said, so we must ensure that the world and its leaders recognize this point, and Japan will do its utmost to advocate for it. Director Nakasone said, on the topic of semiconductors, that Taiwan Semiconductor Manufacturing Company’s new fab in Japan’s Kumamoto Prefecture has made the area very lively, adding that the Japanese government is providing more than 1.25 trillion yen in subsidies. Moving forward, the Japanese government plans to inject an additional 10 trillion yen, he said, to aid in the development of AI and other fields. Noting that Taiwan and Japan both excel in semiconductors, he expressed his hope that each can give free rein to its strengths to produce an even greater effect. Director Nakasone said that despite Taiwan’s facing formidable internal and external circumstances, it saw 4.6 percent economic growth last year under President Lai’s strong leadership, and it continued to promote measures to enhance overall societal resilience, all of which is admirable. In closing, the director thanked President Lai once again for taking the time to meet with them. Also in attendance were Japanese House of Representatives Members Nemoto Taku and Fukuda Kaoru, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-29
    President Lai meets NBR delegation  
    On the morning of April 29, President Lai Ching-te met with a delegation from the National Bureau of Asian Research (NBR). In remarks, President Lai stated that as Taiwan stands at the very frontline of defense of global democracy, we are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, demonstrating our commitment to defending freedom and democracy. The president said he hopes to further advance national security and industrial cooperation between Taiwan and the United States. He also expressed hope that this will help boost economic resilience for both sides and establish each as a key pillar of regional security, elevating our relations to even higher levels. A translation of President Lai’s remarks follows: I am delighted to meet with Admiral John Aquilino again today. I also warmly welcome NBR President Michael Wills and our distinguished guests from the bureau to Taiwan. I look forward to exchanging views with you all on Taiwan-US relations and the regional situation. During his tenure as commander of the US Indo-Pacific Command, Admiral Aquilino placed much attention on the Taiwan Strait issue. And the NBR has conducted a wealth of research and analysis focusing on matters of regional security. Thanks to all of your outstanding contributions and efforts, the international community has gained a better understanding of the role Taiwan plays in the Indo-Pacific region and in global democratic development. For this, I want to extend my deepest gratitude. Taiwan stands at the very frontline of defending global democracy and is located at a strategically important location in the first island chain. We are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, building economic security, demonstrating stable and principled cross-strait leadership, and standing side-by-side with the democratic community to jointly demonstrate the strength of deterrence and safeguard regional peace and stability. At the beginning of this month, I announced an increase in military allowances for volunteer service members and combat troops. The government will also continue to reform national defense and enhance self-sufficiency in defense. In addition, we will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. These efforts continue to strengthen Taiwan’s self-defense capabilities and demonstrate our commitment to defending freedom and democracy. As we mark the 46th anniversary of the enactment of the Taiwan Relations Act, we thank the US government for continuing its arms sales to Taiwan and strengthening the Taiwan-US partnership over the years. We believe that, in addition to engaging in military exchanges and cooperation, Taiwan and the US can build an even closer economic and trade relationship, boosting each other’s economic resilience and establishing each as a key pillar of regional security. I expect that your continued assistance will help advance national security and industrial cooperation between Taiwan and the US, elevating our relations to even higher levels. Once again, I welcome our distinguished guests to Taiwan and wish you a pleasant and successful trip. I hope that through this visit, you gain a more comprehensive and in-depth understanding of Taiwan’s economy and national defense. Admiral Aquilino then delivered remarks, thanking the Ministry of National Defense for the invitation and President Lai for receiving and spending time with them. Mentioning that this is his second visit in five months, he said he continues to be incredibly impressed with the president’s leadership and the actions he has taken to secure Taiwan and defend its people. Admiral Aquilino said that he has watched the efforts of the ministers on whole-of-society defense to demonstrate deterrence and added that the pace of the work is nothing short of inspiring. Admiral Aquilino noted that Taiwan’s thriving democracy is incredibly important to the peace and stability of the region. He stated that he, alongside the NBR, will continue to offer support, noting that President Wills and his team are an asset to Taiwan and the US that helps continue our close relationship and ensure peace and stability in the region.  

    Details
    2025-04-28
    President Lai meets Japanese Diet Member and former Minister of State for Economic Security Takaichi Sanae
    On the afternoon of April 28, President Lai Ching-te met with a delegation led by Member of the Japanese House of Representatives and former Minister of State for Economic Security Takaichi Sanae. In remarks, President Lai thanked the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. The president expressed hope that in the face of China’s continually expanding red supply chains, Taiwan and Japan can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that enhance economic resilience and industrial competitiveness for both sides, and jointly pave the way for further prosperity and growth in the Indo-Pacific region. A translation of President Lai’s remarks follows: First, I would like to extend a warm welcome to Representative Takaichi as she returns for another visit to Taiwan. I am also very happy to have Members of the House of Representatives Kikawada Hitoshi and Ozaki Masanao, and Member of the House of Councillors Sato Kei all gathered together here to engage in these very important exchanges. Our visitors will be taking part in many exchange activities during this trip. Earlier today at the Indo-Pacific Strategy Thinktank’s International Political and Economic Forum, Representative Takaichi delivered a speech in which she clearly demonstrated the great importance she places upon the friendship between Taiwan and Japan. For this I want to express my deepest appreciation to each of our guests. The peoples of Taiwan and Japan have a deep friendship and mutual trust. We have a shared commitment to the universal values of democracy, freedom, and respect for human rights, but beyond that, we both have striven to contribute to regional peace and stability. I also want to thank the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. Tomorrow you will all make a trip to Kaohsiung to visit a bronze statue of former Prime Minister Abe Shinzo, who once said, “If Taiwan has a problem, then Japan has a problem.” We will always remember the firm support and friendship he showed Taiwan. Since taking office last year, I have worked hard to improve Taiwan’s whole-of-society defense resilience and implement our Four Pillars of Peace action plan. By strengthening our national defense capabilities, building up economic security, demonstrating stable and principled cross-strait leadership, and deepening partnerships with democratic countries including Japan, we can together maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. At the same time, in the face of China’s continually expanding red supply chains, we hope that Taiwan and Japan, as important economic and trade partners, can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that further enhance economic resilience and industrial competitiveness for both sides. Going forward, Taiwan will work hard to play an important role in the international community and contribute its key strengths. I hope that, with the support of our guests, Taiwan can soon accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and sign an economic partnership agreement (EPA) with Japan so that we can jointly pave the way for further prosperity and growth in the Indo-Pacific region. Lastly, I thank each of you once again for taking concrete action to support Taiwan. I am confident that your visit will help deepen Taiwan-Japan ties and create even greater opportunities for cooperation. Let us all strive together to keep propelling Taiwan-Japan relations forward.  Representative Takaichi then delivered remarks, first thanking President Lai and Taiwanese political leaders for the warm hospitality they extended to the delegation, and mentioning that the visiting delegation members are all like-minded partners carrying on the legacy of former Prime Minister Abe. July 8 this year will mark the third anniversary of the passing of former Prime Minister Abe, she said, and when the former prime minister unfortunately passed away, President Lai, then serving as vice president, was among the first to come offer condolences, for which she expressed sincere admiration and gratitude. Representative Takaichi stated that Taiwan and Japan are island nations that face the same circumstances and problems, and that Japan’s trade activities rely heavily on ocean transport, so once a problem arises nearby that threatens maritime shipping lanes, it will be a matter of life and death for Japan. Taiwan and Japan are similar, as once a problem arises, both will face food and energy security issues, and supply chains may even be threatened, she said. Regarding Taiwan-Japan cooperation, Representative Takaichi stated that both sides must first protect and strengthen supply chain resilience. President Lai has previously said that he wants to turn Taiwan into an AI island, she said, and in semiconductors, Taiwan has the world’s leading technology. Representative Takaichi went on to say that Taiwan and Japan can collaborate in the fields of AI and semiconductors, quantum computing, and dual-use industries, as well as in areas such as drones and new energy technologies to build more resilient supply chains, so that if problems arise, we can maintain our current standard of living with peace of mind. Representative Takaichi indicated that cooperation in the defense sector is also crucial, and that by uniting like-minded countries including Taiwan, the United States, Japan, the Philippines, and Australia, and even countries in Europe, we can build a stronger network to jointly maintain our security guarantees. Representative Takaichi expressed hope that Taiwan and Japan will continue to strengthen substantive non-governmental relations, including personnel exchange visits and information sharing, so that we can jointly face and respond to crises when they arise. Regarding the hope to sign a Taiwan-Japan EPA that President Lai had mentioned earlier, she also expressed support and said she looks forward to upcoming exchanges and talks. The visiting delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-06
    President Lai delivers remarks on US tariff policy response
    On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI China: China-Cambodia rubber production base launched in south China

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

    The China-Cambodia (Nanning) Rubber Production Base was officially launched on Thursday in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.

    This new base is designed to enhance industrial cooperation and cross-border trade with Southeast Asia.

    Located in the Nanning comprehensive bonded zone, the 7,500-square-meter facility includes a rubber mixing line with an annual capacity of 24,000 tonnes, along with an R&D center and warehouse. The project is backed by investors from Cambodia and Thailand.

    Technical support and on-site management are being provided by a team of experts from Thailand.

    By 2026, the base is projected to generate an annual industrial output of 1.08 billion yuan (about 149.8 million U.S. dollars), with estimated tax contributions exceeding 54 million yuan.

    Zhong Hong, deputy mayor of Nanning, said the project progressed from planning to launch in just 79 days, reflecting the city’s commitment to facilitating ASEAN investment.

    The base is positioned to become a hub for rubber processing and commodity trade with ASEAN markets, Zhong added.

    In the first quarter of this year, ASEAN remained China’s largest trading partner, with total trade reaching 1.71 trillion yuan, up 7.1 percent from a year earlier and accounting for 16.6 percent of China’s overall trade value.

    MIL OSI China News

  • MIL-OSI China: Chinese listed companies report combined revenue of over 71 trillion yuan

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

    This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. [Photo/Xinhua]

    Data from the China Association for Public Companies showed Thursday that 5,412 listed companies on the Shanghai, Shenzhen and Beijing stock exchanges generated a combined operating revenue of 71.98 trillion yuan (about 9.99 trillion U.S. dollars) and a net profit of 5.22 trillion yuan in 2024.

    Of these companies, 4,036 were profitable in 2024, representing roughly three-quarters of the total number of listed companies. Among the profitable companies, 2,194 achieved profit growth, and 553 saw their profits surge by more than 100 percent last year.

    The total R&D investment of listed companies continued to rise in 2024, reaching 1.88 trillion yuan — up nearly 60 billion yuan from the previous year.

    In the first quarter of 2025, Chinese listed companies achieved net profits of 1.49 trillion yuan, marking a 3.55-percent increase year on year. A total of 4,084 companies were profitable in the first quarter, further consolidating the positive recovery trend.

    As of the end of April 2025, the total number of listed companies in China had reached 5,420. Some of them delayed disclosing their 2024 financial reports.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global (with photos)

    Source: Hong Kong Government special administrative region

    Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global  
    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “We are delighted to welcome Chengdu Restaurant to Hong Kong’s dynamic food and beverage landscape. Their entry into our city reflects Hong Kong’s appeal as a launchpad for premium brands seeking global reach and regional influence. It also adds to our rich diversity of culinary offerings and strengthens Hong Kong’s position as a world-class dining destination.”
     
    The Chengdu Restaurant brand, operated in Hong Kong under the Xiangtianxia Group, is a Sichuan-based diversified catering and lifestyle enterprise. Originating from Chengdu, widely regarded as China’s culinary capital, the brand has gained acclaim for its refined Sichuan cuisine and was one of the first Michelin-starred restaurants in Southwest China.
     
         The Chief Executive Officer of the Xiangtianxia Group, Mr Mario He, said that the brand has looked into a few places for its international expansion and finally decided to settle in Hong Kong due to its strategic location, vibrant culinary scene, and its unique role as a global gateway between Mainland China and international markets.
     
    He said, “Hong Kong is not only a global financial hub but also a cultural and gastronomic bridge connecting East and West. Our flagship in Central will serve as the global headquarters for the Chengdu Restaurant brand and a springboard for regional and international growth. We are excited to bring the essence of Sichuan’s food culture to diners in Hong Kong and beyond.”
     
    He added, “With a deep commitment to showcasing the richness of Chinese culinary culture on a global stage, we have chosen Hong Kong to leverage its unmatched connectivity and business infrastructure to accelerate our international growth. As part of our expansion plan, the Group is already in discussions for a second outlet and plans to build an international talent team based in the Hong Kong office.”
     
    Located in Lan Kwai Fong in Central, the new restaurant aims to present an elevated Sichuan dining experience by blending Sichuan and Cantonese culinary artistry with Hong Kong’s cosmopolitan culture. The outlet will serve signature cold dishes, grilled delicacies, seafood, soups, and Sichuan specialties, tailored for the local market while preserving the brand’s hallmark authenticity and craftsmanship.
     
         The Xiangtianxia Group operates over 600 restaurants across seven countries and 33 cities and has developed more than 30 consumer dining brands. Its restaurant portfolio includes Chengdu Restaurant, a two-time Michelin One Star winner, and Daxi Sichuan Cuisine, a Michelin-recommended brand.
     
    For more information about Chengdu Restaurant, please visit www.cqxtx.com.cn 
    To get a copy of the photos, please visit
    www.flickr.com/photos/investhk/albums/72177720325979894Issued at HKT 15:17

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI China: Announcement on Open Market Operations No.87 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.87 [2025]

    (Open Market Operations Office, May 9, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB77 billion through quantity bidding at a fixed interest rate on May 9, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB77 billion

    RMB77 billion

    Date of last update Nov. 29 2018

    2025年05月09日

    MIL OSI China News

  • MIL-OSI China: President Xi on honoring WWII victory

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

    Editor’s note: This year marks the 80th anniversary of the victories of the Chinese People’s War of Resistance against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War. During his state visit to Russia from May 7 to 10, Chinese President Xi Jinping calls for concerted efforts to defend the legacy of World War II (WWII) victory as the world is once again reeling from the specter of hegemonism and power politics. Here, China.org.cn presents key insights of President Xi on this pivotal moment in history.

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    MIL OSI China News

  • MIL-OSI China: Sports events fuel tourism consumption in China

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

    When Jiang Xiaojuan and her husband boarded a plane for a journey of around 3,500 kilometers, they were not just headed on holiday; they were pursuing a shared passion: badminton.

    The couple from Urumqi, northwest China’s Xinjiang region, flew to the coastal city of Xiamen, east China’s Fujian Province, to catch the 2025 Sudirman Cup, held during China’s bustling May Day “golden week” holiday.

    The couple instinctively knew that spectating would not be enough, which is why they had packed their rackets into their suitcases.

    Wang Zhiyi of China competes in the women’s singles match against An Se Young of South Korea during the final match between China and South Korea at BWF Sudirman Cup in Xiamen, southeast China’s Fujian Province, May 4, 2025. (Xinhua/Sun Fei)

    “Xiamen has plenty of badminton courts and a vibrant local scene,” Jiang told Xinhua outside the stadium, shortly after cheering for China’s win in the final. “As soon as we landed, we joined a local group and played three matches.”

    For Jiang, blending sports with travel was the perfect getaway: “It’s good for both body and mind,” she said with a grin.

    A new trend of sports-driven tourism is emerging in China as more travelers are building their itineraries around tournaments, marathons and championship games. Cities are seizing the opportunity, leveraging major events to boost hotel bookings, catering consumption and cultural exploration.

    The government is backing this trend. National action plans released in March and April highlighted the integration of sports, culture, and tourism as a strategic pillar for stimulating domestic consumption, calling for more high-quality sports programs and distinctive events.

    Xiamen’s hosting of this year’s Sudirman Cup was a prime example. Running from April 27 to May 4, the tournament coincided with the country’s five-day May Day holiday, attracting crowds of badminton fans alongside regular holiday tourists.

    Local businesses saw a noticeable boost, with hotels across the city reporting higher bookings than the previous year. Shen Xiaoyan of Le Meridien Xiamen said the hotel hosted several groups in town for the competition. To attract more guests, the hotel offered bundled packages with perks like complimentary shuttle service to the arena and free court time.

    The city didn’t rely solely on the matches. “We rolled out ‘sports-plus’ packages to enrich the visitor experience,” said Chen Lan, deputy head of Xiamen’s sports bureau. Initiatives like “Walk with the Champions” city tours and campus visits by athletes added layers of experience beyond stadiums.

    More people are prioritizing health and leisure amid rising living standards, said Li Peigong, president of Shanghai Lixin University of Accounting and Finance. “A combination of sports and travel has become a go-to solution that caters to a wide range of needs.”

    This shift aligns with China’s broader development strategy to become a leading sporting nation by advancing competitive sports, encouraging mass participation, and developing its sports industry — all in parallel.

    With annual growth surpassing 10 percent over the past years, the sports industry has emerged as a key driver of consumption, innovation, and employment in the country.

    In 2024 alone, Xiamen hosted 40 high-level sports events, generating more than 2.6 billion yuan (about 361 million U.S. dollars) in revenues.

    Meanwhile, Shanghai is setting the pace for sports-driven consumption. In March, the Formula One Chinese Grand Prix drew a record-breaking 220,000 spectators, exceeding last year’s attendance. Of those, 15 percent were overseas visitors, with 60 percent traveling to Shanghai specifically for the race, doubling the number from the previous year.

    But the excitement didn’t stop at the racetrack. F1 fans flowed into Shanghai’s buzzing neighborhoods, dining at upscale restaurants, shopping in luxury boutiques, and browsing duty-free stores.

    “Ticket sales rose by 30 percent compared to 2023,” said Yang Yibin, chairman of Shanghai Juss Sports Development Group. “This isn’t just a race — it’s an invitation to discover China.”

    In 2024, Shanghai hosted 178 major sporting events, raking in 11.38 billion yuan. When including related spending on tourism, dining, and shopping, the total soared to nearly 31 billion yuan.

    Experts argue that sports tourism is helping lesser-known destinations stay competitive in an increasingly crowded travel market. This ensures steady visitor flow while offering fresh, engaging experiences, said Zou Xinxian, a professor at Beijing Sport University.

    “Sports help activate destination brands and build unique, recognizable identities,” Zou said. Sports events like marathons enable cities to showcase their local culture in dynamic, participatory ways.

    Over the May Day holiday, sports events were seamlessly woven into local culture to attract visitors.

    In Jilin, a 10-kilometer warm-up marathon took place alongside a traditional kite festival at the scenic Chagan Lake, with runners passing through villages rich in ethnic character. Meanwhile, in Yunnan, a large-scale sports carnival featuring a variety of competitions drew athletes and tourists alike to its stunning natural landscapes.

    Li Peiyao, a researcher at Jilin University, sees a broader shift in consumer behavior: from buying things to seeking meaningful experiences.

    “Sporting events don’t just bring people together,” said Li. “They help foster connection, cultural identity, and shared memories.”

    MIL OSI China News

  • MIL-OSI Russia: In the first quarter of 2025, trade turnover between Gansu Province and countries participating in the Belt and Road Initiative increased by 45.4 percent.

    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 9 (Xinhua) — Trade between northwest China’s Gansu Province and countries participating in the Belt and Road Initiative increased 45.4 percent year on year to 14.76 billion yuan in the first quarter of 2025, according to Lanzhou Customs.

    According to the data, Gansu Province exported 490 million yuan worth of agricultural products to Belt and Road Initiative countries in January-March, with the export of fruit and vegetable juices increasing by 33.4 percent year-on-year in monetary terms.

    Since this year, Lanzhou Customs has been paying special attention to the economic and trade relations between Gansu Province and the countries participating in the Belt and Road Initiative, and has taken a series of targeted measures in the interests of enterprises to ensure smooth and efficient foreign trade between the province and the above-mentioned countries.

    In addition, it is worth noting that, based on the large number of varieties of branded agricultural products and their excellent quality, it has established a “green channel” for the inspection of fresh and perishable goods, and has also promoted the reform of centralized inspection methods for seed exports.

    Let us recall that, based on the results of the first three months of 2025, trade turnover between China and the countries participating in the Belt and Road Initiative increased by 1.1 percent year-on-year to USD 733.023 billion, which amounted to 51.1 percent of China’s total foreign trade. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: In April 2025, China’s Foreign Trade Grew by 5.6 Percent /detailed version-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

    BEIJING, May 9 (Xinhua) — China’s total import and export of goods grew 5.6 percent year on year in April 2025, official data showed Friday.

    China’s exports rose 9.3 percent year-on-year to 2.27 trillion yuan (about $314 billion) last month, while imports rose 0.8 percent to 1.57 trillion yuan, according to data from the General Administration of Customs.

    In the first four months of this year, China’s total foreign trade in goods in yuan terms increased by 2.4 percent year-on-year to 14.14 trillion yuan.

    According to the GTU, China’s exports rose 7.5 percent year-on-year to 8.39 trillion yuan during the reporting period, while imports fell 4.2 percent to 5.75 trillion yuan. -0-

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Xiangxi Tujia Women’s Daliuzi and Hong Kong Women’s Percussion Ensemble to perform in “Tan Dun WE-Festival” in June (with photos)

    Source: Hong Kong Government special administrative region

    The “Tan Dun WE-Festival”, presented by the Leisure and Cultural Services Department (LCSD), will feature two performances of “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert in June as part of the pre-festival events of this year’s Chinese Culture Festival (CCF). Under the artistic direction and baton of Tan Dun, Hong Kong’s Ambassador for Cultural Promotion (ACP) and internationally renowned composer and conductor, two all-female percussion ensembles will take the Hong Kong stage to present both the “Daliuzi”, a traditional percussion music of western Hunan’s Tujia ethnic group, and contemporary percussion music. The concert will also feature the world premiere of two tea-inspired compositions written by Tan, showcasing how percussion music transcends time and bonds the East and the West, while telling the good story of China’s intangible cultural heritage in the new era. The programme is also one of the performing arts programmes of the Hong Kong Intangible Cultural Heritage Month 2025.

    Tujia “Daliuzi”, primarily featuring gongs and cymbals, is a kind of ensemble of traditional folk musical instruments of ethnic Tujia people from western Hunan. It was inscribed onto the first national list of intangible cultural heritage in 2006. Enlightened by an impressionable field trip in western Hunan, Tan blends the “Daliuzi” with tea-making techniques such as leaf-whistling, tea-picking and grinding to create a new composition “TEA-liuzi · Mystical Xiangxi”, and has invited the Xiangxi Tujia Women’s Daliuzi to come to Hong Kong for the world premiere of this work. The ensemble will also perform several folk pieces, which include “The Hen Lays Eggs”, “Pheasant Leaving the Mountain”, “Pigeons Taking a Bath” and “Ducks Flirting with Water”, demonstrating the exceptional skills and expressive character of the unique musical artistry of the Tujia people.

    The newly established Hong Kong Women’s Percussion Ensemble, spearheaded by Tan, will make its debut at this concert. The ensemble comprises four outstanding local young female percussionists, namely Karen Yu, Elise Liu, Eugene Kwong and Emma Ng. They will perform another world premiere of “Tea Music: Water, Wind, Ceramic” by Tan, as well as “Credo in Us” by contemporary avant-garde, experimental composer John Cage. Tan has also composed a new “Concerto for Piano and Four Percussionists” for this ensemble that will perform alongside pianist Liu Muyu, showcasing the varying rhythms and rich sonorities of percussion music.

    Tan is an internationally renowned Chinese composer, musician and conductor, and was appointed by the UNESCO as a Goodwill Ambassador in 2013. He has made an indelible mark on the world’s music scene, which earned him many prestigious honours, including the Grammy Awards, the Academy Awards and the Golden Lion Award for Lifetime Achievement at the Venice Biennale. Tan has led some of the world’s most esteemed orchestras, and composed more than 100 musical works over the years. His famous works include the film scores of “Crouching Tiger, Hidden Dragon”, “Hero” as well as the award ceremony music for the Beijing 2008 Olympic Games. He has been awarded the title of Officier des Arts et des Lettres by the French Ministry of Culture in December 2024, in recognition of his exceptional contributions to global culture and the arts. Tan has been appointed as Hong Kong’s first ACP by the Culture, Sports and Tourism Bureau since January 1, 2023.

    Chinese Culture Festival 2025: “Tan Dun WE-Festival”: “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert will be staged at 8pm on June 4 and 5 (Wednesday and Thursday) at the Studio Theatre of the Hong Kong Cultural Centre. Tickets priced at $380 and $480 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. Group booking discount and package booking discount are available for purchasing selected CCF stage programmes, the “Chinese Opera Film Shows” of the COF 2025 and the “Legacy and Vision: Conversations with Chinese Cultural Masters” lecture. For programme enquiries and concessionary schemes, please call 2268 7321 or visit www.ccf.gov.hk/en/programme/daliuzi-and-percussion-ensemble.

    The above-mentioned programme also offers a pre-concert symposium (in Putonghua), entitled “A Dialogue between Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble”, to be held at 7pm on June 5 at the Studio Theatre of the Hong Kong Cultural Centre, during which Tan will engage in a discussion with members of the Xiangxi Tujia Women’s Daliuzi and the Hong Kong Women’s Percussion Ensemble. Interested audience members can attend the pre-concert symposium by presenting the tickets of “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert. Admission is free. Limited seats are available on a first-come, first-served basis.

    First held in 2023, the “Tan Dun WE-Festival” features musicians, dancers and ensembles from the Mainland, Hong Kong and around the world that reveals fresh new approaches to music, dance and visual arts, turning the city into an international stage for cultural and arts exchanges. The Festival also attracts people from both East and West to gather in the city, showcasing the essence of Hong Kong’s East-meets-West cultural DNA. The Festival returns this year with the theme of tea culture. Apart from the above-mentioned programme, it also includes Tan Dun | “Tea: A Mirror of Soul” on May 30 and 31, and “Lost Tang Dynasty Music and Dance Manuscripts: ‘The Vanishing Mogao Caves’” on June 7.

    The CCF, presented by the Culture, Sports and Tourism Bureau and organised by the Chinese Culture Promotion Office under the LCSD, aims to promote Chinese culture and enhance the public’s national identity and cultural confidence. It also aims to attract top-notch artists and arts groups from both the Mainland and other parts of the world for exchanges in Chinese arts and culture. The CCF 2025 will be held from June to September. Through different performing arts programmes in various forms and related extension activities, including selected programmes of the Chinese Opera Festival, “Tan Dun WE-Festival”, film screenings, exhibitions, as well as community and school activities and more, the festival provides members of the public and visitors with more opportunities to enjoy distinctive programmes that showcase fine traditional Chinese culture, thereby facilitating patriotic education and contributing to the inheritance, transformation and development of traditional Chinese culture in Hong Kong. For more information about programmes and activities of the CCF 2025, please visit www.ccf.gov.hk.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Xi, Swedish king exchange congratulations on anniversary of diplomatic ties

    Source: China State Council Information Office

    Xi, Swedish king exchange congratulations on anniversary of diplomatic ties

    Xinhua | May 9, 2025

    Chinese President Xi Jinping and Swedish King Carl XVI Gustaf on Friday exchanged congratulations on the 75th anniversary of diplomatic ties between the two countries.

    In his message, Xi said that Sweden was among the first European countries to establish diplomatic relations with the People’s Republic of China.

    Since the establishment of diplomatic ties 75 years ago, China-Sweden relations have remained generally stable, with continuous expansion and positive outcomes in bilateral cooperation in such fields as economy and trade, science and technology, education and people-to-people exchanges, he said.

    Xi said that he attaches great importance to the development of China-Sweden relations and stands ready to work with King Carl XVI Gustaf to take the anniversary as a new starting point to enhance political mutual trust, deepen practical cooperation, increase people-to-people exchanges, and jointly support multilateralism and free trade, so as to deliver more benefits to the two peoples and make greater contributions to world peace and prosperity.

    On the occasion of the 75th anniversary of diplomatic ties, King Carl XVI Gustaf expressed sincere wishes for the continuous deepening of Sweden-China close cooperation, saying he expects bilateral friendly relations to develop continuously.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Perfect timing for HK-Gulf ties

    Source: Hong Kong Information Services

    Chief Executive John Lee will lead his second delegation to the Middle East, visiting Qatar and Kuwait on Saturday.

    As part of the delegation, Federation of Hong Kong Industries Chairman Steve Chuang hopes to expand business prospects, establish ties with the chambers of commerce in the two countries, and sign Memoranda of Understanding with local innovation and technology enterprises.

    He noted that as oil-dependent economies, both countries are seeking economic transformation, presenting excellent opportunities for Hong Kong to springboard into their markets.

    Citing Qatar National Vision 2030 and Kuwait Vision 2035, Mr Chuang said both countries were stepping up measures to foster innovation and technology.

    “How to focus on smart cities, green energy, and how to provide better financial services – all of this actually is a perfect match for our expertise in Hong Kong.”

    As Hong Kong companies have had little business engagement with Qatar and Kuwait in the past, Mr Chuang plans to visit Hong Kong enterprises in the region to assess their development and gain insights into the local culture and religious practices. 

    “The Middle East’s halal culture, in particular, involves a vastly different lifestyle from ours, which leads to significant differences in business operations.”

    The federation took a delegation to Saudi Arabia and the United Arab Emirates last year to deepen mutual understanding and co-operation.

    Mr Chuang said the trip showed that Hong Kong firms have begun looking towards the Middle East, while the Middle East has developed an interest in both Hong Kong and Mainland China businesses.

    “We are already seeing tangible results from some Hong Kong enterprises making inroads in the Middle East – from a mobile delivery app launching operations in Dubai and preparing to enter Saudi Arabia, to a 3D-printed clay reef tile startup that has secured Saudi sovereign wealth funding for local production.”

    He suggested that Hong Kong could utilise its roles as a “super connector” and “super value-adder”, for example, in assisting Middle East services and products to tap into the Mainland market or providing platforms for Mainland ventures to showcase their expertise to international audiences.

    Mr Chuang suggested that with escalating tensions over US tariffs creating global uncertainty, Hong Kong businesses should broaden their reach to the Global South, including the Middle East and the Association of Southeast Asian Nations.

    “The timing of the Chief Executive’s Middle East visit is perfect,” he added.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Tottenham to face Man Utd in all-English Europa League final

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

    There will be an all-English final in the UEFA Europa League on May 21 after Manchester United and Tottenham Hotspur both won their respective semifinals on Thursday.

    Three late goals gave Manchester United a 4-1 win at home to Athletic Bilbao, who had the home side on the ropes for a long time despite missing players such as Nico and Inaki Williams and Oihan Sancet. United won 7-1 on aggregate after having triumphed 3-0 in last week’s first leg in Bilbao.

    Chelsea’s Reece James (front) vies with Djurgarden’s Daniel Stensson during the UEFA Conference League semifinal second leg football match between Chelsea and Djurgarden at Stamford Bridge in London, Britain, on May 8, 2025. (Xinhua/Li Ying)

    Mikel Jauregizar gave the Basque side hope in the 31st minute when he curled in an excellent shot from outside the area to reward his team’s control in the first half, in which United looked to sit deep and play on the break.

    Athletic was the better side for the first 25 minutes of the second half, but failed to create enough chances in the absence of key strikers, and when Mason Mount made it 1-1 in the 72nd minute, the tie was all but over.

    Casemiro flicked in a free kick in the 80th minute, with Rasmus Hojlund making it 3-1 five minutes from time and Mount scoring his second from distance with goalkeeper Julen Agirrezabala off his line.

    Elsewhere, Tottenham won 2-0 away to Bodo/Glimt for a 5-1 aggregate win.

    Dominic Solanke opened the scoring in the 63rd minute from a corner, and Pedro Porro’s long range effort six minutes later made Spurs’ final place secure.

    In the Conference League, Chelsea will face Real Betis in the final, with Chelsea winning 5-1 on aggregate and Betis scraping through 4-3 after extra time against Fiorentina.

    Chelsea had few problems in ensuring its place in the final after last week’s 4-1 win away to Swedish side Djurgarden.

    The result was never in doubt, with Chelsea extending its lead in the 38th minute when Kiernan Dewsbury-Hall scored the game’s only goal.

    Betis traveled to Florence defending a 2-1 first leg win at home to Fiorentina, and in an exciting first half, Antony gave the Spanish side a two-goal cushion on aggregate with a stunning free kick that went in off the post in the 30th minute.

    However, the Italian side hit back with Robin Gosens scoring two headers from corners on 34 and 42 minutes.

    With no goals in the second half, the tie went into extra time where Ez Abde’s far-post finish made it 2-2 on the night and 4-3 to Betis on aggregate. 

    MIL OSI China News