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Category: China

  • MIL-OSI Russia: Chinese Foreign Ministry: China aims to become the engine of global economic growth

    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 8 (Xinhua) — China will pursue high-level opening up to the outside world, win-win cooperation and become an engine of global economic growth, Foreign Ministry spokesperson Lin Jian said Thursday.

    Lin Jian made the remarks while commenting at the request of the media on the opinion that the resilience of the Chinese economy allows it to withstand various external shocks, and the viability of the Chinese economy during the May Day holiday seemed to have completely dispelled concerns about the country’s economic prospects.

    “The rapid growth in consumption during the holiday reflects the vitality and potential of the Chinese economy,” Lin Jian said, adding that the average daily number of foreign nationals entering and leaving the country during the five-day May Day holiday was about 1.1 million, up 43.1 percent year-on-year, while sales of travel packages to China increased by about 90 percent during the period.

    “Measures to increase institutional openness are being translated into practical attractiveness for foreign tourists,” he added.

    Lin Jian noted that indicators such as foreign buyer attendance and record pre-export transactions at the recently concluded Guangzhou Fair demonstrate the international business community’s continued optimism about the long-term development of China’s economy.

    “Temporary fluctuations will neither sink the giant ship of the Chinese economy nor stop the Chinese people’s aspiration for a better life,” Lin Jian stressed, adding that China has always been committed to a policy of high-level opening up, win-win cooperation, and is striving to become the engine of global economic growth. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Xinjiang commemorates Soviet comradeship in anti-Japanese war through Red Tourism promotion

    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 8 (Xinhua) — A wooden arch bridge, which has become one of the “calling cards” of Xinjiang’s red tourism, is still carefully preserved on the Baiyang River in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. The 85-year-old structure stands as a silent witness to the desperate story of how Chinese communists organized and protected a vital supply route for the Chinese nation from the Soviet Union through the northwest territory during the War of Resistance Against Japanese Aggression.

    After the Chinese people’s all-out anti-Japanese war began in 1937, Japanese militarists quickly captured China’s coastal regions, thereby cutting off communications linking the country to the outside world. At such a critical moment for the existence of the Chinese nation, the authorities were forced to organize a new route for the import of ammunition from friendly countries in the country’s northwestern inland region, the Xinjiang Uyghur Autonomous Region.

    The first state to assist China in the all-out anti-Japanese war was the USSR, which supplied strategic cargo through Xinjiang by both air and road transport. In particular, cargo was sent by land from Almaty, after crossing the Khorgos border crossing, it passed through Ili, Dihua (present-day Urumqi), Turpan, Hami and other places in Xinjiang, and after leaving Xinjiang, it was delivered to the city of Lanzhou in Gansu Province.

    The length of this transport route exceeded 1,500 km in the section within Xinjiang, and the above-mentioned arch bridge, called “Dabancheng”, became an essential passage on the way between Dihua and Turpan. The bridge was built and opened to traffic in 1940. Its length is 28.5 m, and the width of the deck made of wooden slabs soaked in special oil is 7 m.

    According to published data, during the period 1937-1941, the USSR, with the help of this international corridor, delivered to the Chinese front more than 1,200 aircraft of various types, 82 tanks, over 2,000 vehicles, more than 4,300 artillery units and 14 thousand machine guns, as well as a large quantity of other ammunition.

    According to Mai Yuhua, deputy director of the Research Institute of History at the Xinjiang Academy of Social Sciences, of all the international aid and weapons received by China during the anti-Japanese war, 80 percent came from the USSR, and 90 percent of them were delivered to the front lines through Xinjiang. “Therefore, helping the local authorities of Xinjiang to protect and guarantee the continuity of this communication artery was one of the important tasks for the Chinese communists who were in Xinjiang at that time,” he noted.

    Now, a tourist zone has been created around the Dabancheng Arch Bridge, which is included in the list of cultural relics protected at the level of the Xinjiang Uygur Autonomous Region. Here, visitors can view the arch bridge, learn about historical episodes of the Anti-Japanese War, and participate in various interactive activities, including a test of manually transporting strategic cargo in the absence of motor vehicles.

    In recent years, the area has attracted more and more visitors, thanks to efforts by Xinjiang authorities to effectively utilize and promote red tourism resources. Such efforts have also resulted in the improvement and increased visitor numbers of other military and revolutionary memorial sites, including a museum dedicated to the Xinjiang Mission of the Chinese Communist-controlled 8th Army, which was once tasked, among other things, with the extraordinary task of organizing and protecting the “red” logistics route between Yan’an (Shaanxi Province, Northwest China) and Moscow, via Xinjiang.

    Summing up the situation of Xinjiang’s tourism market during the recently concluded International Labor Day holiday (May 1-5), many online platforms reported a significant increase in the number of searches for museums, memorial sites, cemeteries of martyrs, and other red tourism sites.

    According to data from the Urumqi City Museum, which also functions as the Urumqi Revolutionary Historical Memorial Sites Management Center, over 12,000 people visited various museums and memorial sites throughout the city every day from May 1 to 5 as part of the red tourism. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China and Russia to assume special responsibilities as major countries – Xi Jinping

    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 8 (Xinhua) — China will work with Russia to shoulder special responsibilities as major countries in the world and permanent members of the United Nations Security Council, Chinese President Xi Jinping said here on Thursday during talks with Russian President Vladimir Putin as part of his state visit to Russia.

    At present, in the face of unilateralism, power politics and bullying in the world, the two sides should take a clear stance to jointly advance the correct view of the history of World War II, safeguard the authority and status of the UN, firmly safeguard the rights and interests of China and Russia as well as a wide range of developing countries, and promote the building of an equal and orderly multipolar world and an all-round beneficial and inclusive economic globalization, Xi said.

    Noting that he is very glad to visit Russia again at the invitation of President Vladimir Putin and take part in the celebrations of the 80th anniversary of the Victory of the Soviet Union in the Great Patriotic War, Xi Jinping said that history and reality fully demonstrate that the continuous development and deepening of Chinese-Russian relations are necessary for passing on the friendship between the two peoples from generation to generation.

    It is also an inevitable choice for the two sides to achieve mutual achievements and promote their development and rejuvenation, the Chinese leader noted, adding that it is the call of the times to uphold international justice and promote the reform of the global governance system.

    Recalling that this year marks the 80th anniversary of the Chinese People’s Victory in the War of Resistance Against Japanese Aggression, the Soviet Union’s Victory in the Great Patriotic War and the Victory in the World Anti-Fascist War, Xi Jinping pointed out that 80 years ago, the peoples of China and Russia, at the cost of enormous losses, won a great victory and made significant historical contributions to maintaining world peace and the cause of human progress. –0–

    MIL OSI Russia News –

  • MIL-OSI Global: Chinese research isn’t taken as seriously as papers from elsewhere – my new study

    Source: The Conversation – UK – By Peng Zhou, Professor of Economics, Cardiff University

    My new research suggests there is a stubborn pattern in academic publishing. My co-author and I examined some 8,000 articles published in the world’s most reputable economics journals to study citations, which are where academics cite previously published research in their papers. We found papers whose lead author had a Chinese surname received on average 14% fewer citations than comparable papers written by those with a non-Chinese name.

    This supports similar findings from previous studies in chemistry and other natural sciences, suggesting that citation prejudice is a cross-disciplinary problem.

    In reaching that conclusion, we put our raw findings through every test we could think of to rule out other explanations. Our first thought was that maybe Chinese-authored papers are more recently published on average than non-Chinese-authored papers, and therefore less cited. However the same citation gap holds for papers published in all years.

    Average citations of economic articles by author ethnicity:

    Another obvious guess is that Chinese-authored papers are of lower quality. Some readers will have heard about the issue of China’s “paper mills”, companies which have in recent years been churning out research papers based on fraudulent findings for Chinese universities. There are reports that this may have made some western academics more reluctant to take Chinese research seriously, but these are largely a problem for low-quality journals.

    We only looked at articles published in the top journals (rated as 4 or 4* in the ABS journal rankings). Each paper has gone through a strict process of editorial review, often taking a couple of years, so they are far less likely to have been produced by high-volume paper mills. Additionally, almost half of the Chinese authors in our sample were affiliated outside China, so paper-mill allegations against Chinese authors are not relevant in our observations.

    Alternatively, you may be wondering if Chinese authors’ papers are less citable because of a language barrier in the writing. Again, this shouldn’t be an issue when all these papers which have been strictly quality-assured by peer reviews and editorial reviews. The writing styles of Chinese authors in these journals do not seem significantly different from non-Chinese authors.

    We probed still more possibilities to explain the apparent discrimination, controlling for different factors and so on. But each time, the citation gap persisted – and sometimes became larger.

    Eventually we gave up trying to falsify the hypothesis, and turned to understanding why this ethnic discrimination exists.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences. Join The Conversation for free today.

    Why do economists discriminate?

    Picture the market for ideas as a miniature galaxy. Each paper is like a planet with its own mass, based on its quality, the authors’ stature and the perceived importance of the topic. Citations are like gravity, tugging knowledge towards these planets; the heavier the planet’s mass, the stronger the pull.

    Yet gravity also fades with distance, in this case meaning not kilometres but culture – language, networks and the subtle signals that tell us who feels familiar. It may be that the farther away a scholar seems on the cultural map, the weaker their intellectual pull.

    Our findings show this “cultural distance” at work. Interestingly, the same thing happens in both directions: the ratio of Chinese-authored references is significantly higher in Chinese-authored papers than in non-Chinese-authored papers.

    Our next step was some detective work to deduce who exactly is discriminating. We identified four “suspects”: journal editors, reviewers, publishers, and finally citers.

    If discrimination began with journal editors, they should only be publishing Chinese-led papers of comparably higher quality than other papers they publish. If so, you would expect these superior papers to be cited more, not less, which is at odds with the evidence.

    As for reviewers, most journals adopt a “double-blind” approach where reviewers and authors don’t know each other’s identities. If reviewers don’t know when they’re dealing with a Chinese author, they cannot be discriminating against them. Similarly, publishers are not usually allowed to intervene in editorial decisions, so they cannot be discriminating either.

    This leaves the citers as the main discriminators, those who read academic papers and cite them in their own work. To get a clearer picture of what is happening, we compared three pairs of subgroups: Chinese versus non-Chinese, top economists versus non-top economists, and those with US university affiliations versus non-US affiliations.

    We concluded that non-Chinese top economists from non-US institutions are the ones least likely to cite authors with Chinese surnames. This seems surprising given US rivalry with China, but actually it is a natural consequence. For US economists to study their biggest opponent, you would expect them to cite studies about China –and most are done by Chinese authors.

    Mitigating the discrimination

    One way of reducing the “Chineseness” of authorship is co-authoring with a non-Chinese academic. However in academic writing, a citation convention is that when a paper has over three authors, you only keep the surname of the first author (who is also the lead researcher). For example, a paper written by Zhang, Smith and Armstrong in 2025 will simply become “Zhang et al. (2025)”. Therefore bringing in more non-Chinese academics will make no difference.

    Another way of diluting “Chineseness” is for the lead author to become affiliated with a US institute. Per our study, this reduces the citation bias by 16%. However, obtaining such a US affiliation is not always feasible.

    This led us to conclude that the best way of reducing discrimination is to reduce the amount of author information in citations. For example, journals can request for citations to be by initials (“BG 1957”) or numeric codes (1, 2, 3), as market leaders like Nature already do. Journals can also use a digital object identifier (DOI), for example “10.1234/example.article”, instead of disclosing author names in published references.

    This may not solve the problem of papers not being cited in the first place, but it can reduce the likelihood of subsequent citation bias as readers no longer know the surnames of cited papers.

    Discrimination is self-sabotage. Each time we discount a paper because the surname feels “foreign”, we put the brakes on our own progress. This slows insight, muffles debate and leaves the world poorer in ideas.

    Peng Zhou does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Chinese research isn’t taken as seriously as papers from elsewhere – my new study – https://theconversation.com/chinese-research-isnt-taken-as-seriously-as-papers-from-elsewhere-my-new-study-255794

    MIL OSI – Global Reports –

  • MIL-OSI Russia: HSE University Signs Cooperation Agreements with Leading Universities in China

    Translation. Region: Russian Federal

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

    On May 8, 2025, in Moscow, in the presence of Russian President Vladimir Putin and Chairman of the People’s Republic of China Xi Jinping, strategic agreements were signed between the National Research University Higher School of Economics and two of China’s largest universities, Peking University and Tsinghua University. The ceremony was attended by HSE Rector Nikita Anisimov, Tsinghua University Party Committee Secretary Qiu Yong, and Peking University President Gong Qihuang. The signing took place as part of the official visit of the Chinese delegation to Russia, timed to coincide with the celebration of the 80th anniversary of the Victory.

    The agreements will be an important step in the development of a strategic partnership between Russia and China aimed at creating a unified scientific space and institutional strengthening of the BRICS association. Particular emphasis is placed on fundamental disciplines, reflecting the desire of both countries to support advanced research that lays the foundation for technological breakthroughs.

    The agreement between HSE and Peking University is dedicated to the development of scientific cooperation in the field of natural sciences: physics, chemistry, and advanced materials. The universities agreed to implement a joint research project, “Development of highly efficient and stable perovskite solar cells.” The project became one of the winners of the HSE competition “International academic cooperation” The Higher School of Economics is participating in it Scientific and educational laboratory of quantum nanoelectronics Moscow Institute of Electronics and Mathematics named after A.N. Tikhonov.

    HSE and Peking University also signed an agreement to create a BRICS Research Platform. This is a joint scientific space within which Russian and Chinese researchers will analyze key areas of scientific work, the activities of multilateral institutions, global governance processes, and interactions between Russia and China in the field of international relations.

    The Higher School of Economics signed a cooperation agreement with Tsinghua University aimed at developing academic, cultural and educational ties. This will create a basis for implementing joint programs, including scientific, student exchange, etc.

    HSE University is one of the leading Russian universities today, focused on developing a comprehensive Russian-Chinese partnership. The Higher School of Economics cooperates with more than 40 leading educational and scientific organizations in China. The university offers many bachelor’s, master’s and professional retraining programs focused on studying and working with China. About 1,300 HSE students study Chinese, more than 300 students from China study at HSE, including on exchange programs.

    HSE plans to expand cooperation formats and launch new initiatives with universities and research centers in China, focusing on the development of fundamental sciences and strengthening international scientific dialogue.

    Nikita Anisimov, Rector of the National Research University Higher School of Economics

    “The Higher School of Economics and Chinese universities are already linked by successful joint work, and recently, during the visit of the HSE delegation to China, we reached an agreement on further expansion of this partnership. We are confident that our new agreements with Peking University and Tsinghua University will not only help expand bilateral ties and enrich science in its advanced areas, but will also give an additional impetus to further deepening Russian-Chinese cooperation in general. It is noteworthy that the BRICS dimension is now added to our scientific interaction with Chinese partners: the countries of the association play a key role in the formation of a new multipolar global architecture, and their interaction and influence on the international situation require comprehensive, deep expert understanding.”

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

    MIL OSI Russia News –

  • MIL-OSI China: China’s inbound consumption rises on back of eased tax refund processes

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

    China witnessed a vibrant surge in inbound tourist consumption during the recent May Day holiday as more foreign visitors flocked to Chinese attractions and left with full shopping bags, driven by the country’s recently optimized tax refund policies.

    Central bank data has revealed that the number of transactions made by inbound visitors and processed through card payment giant China UnionPay or NetsUnion Clearing Corporation, a Chinese online payment clearing house, increased nearly 245 percent over the five-day holiday that ended on Monday, with the total transaction value up over 128 percent year on year.

    On mobile platforms, popular Chinese payment app Alipay reported a 180 percent rise in inbound tourist spending between May 1 and 3, while WeChat Pay recorded nearly tripled foreign user transaction volume and value figures in China compared to the same period last year.

    This rise in inbound consumption is the fruit of China’s latest push to encourage foreign tourist spending. In late April, the country introduced a package of measures to optimize its departure tax refund policy, including lowering the minimum purchase threshold for refunds, raising the cash refund ceiling, expanding the network of participating stores, and widening the range of products available.

    Overseas travelers in China can now claim a tax refund if they spend at least 200 yuan (about 27.75 U.S. dollars) at a single store in a single day and meet other relevant requirements, with refunds available in multiple forms, including mobile, bank and cash payments. The upper limit for cash refunds has been raised to 20,000 yuan.

    China’s metropolises led the shopping surge. From May 1 to 5, Beijing welcomed some 104,000 inbound tourists — up 42.4 percent year on year — whose spending saw a 48 percent year-on-year increase.

    In Shanghai, tax-refund-on-departure sales jumped 120 percent in value during the holiday, and the amount of tax refunded increased 130 percent. So far, 1,013 enterprises have registered for departure tax refund services, covering more than 3,300 branded stores.

    China’s streamlined tax refund process has also had an impact on figures. Right before this year’s May Day holiday, taxation authorities in Shanghai introduced self-service machines that allow foreign shoppers to submit most of their transaction details for their tax refund applications by scanning their passport and receipts.

    In the southwestern city of Chengdu, a refund-upon-purchase service which allows eligible tourists to receive tax refunds instantly at retail outlets rather than waiting until they leave the country, has benefited many foreign tourists during the holiday.

    “It’s so convenient, and I’m planning to buy more,” said a tourist from Singapore who received a refund of over 4,000 yuan when he bought two pieces of luggage at Chengdu IFS, one of the biggest shopping malls in the city.

    “Providing overseas travelers with a greater variety of shopping options and more convenient tax refund services will stimulate inbound consumption and support China’s high-standard opening-up and economic growth,” said Chen Binkai, vice president of the Central University of Finance and Economics.

    China introduced its departure tax refund policy for overseas travelers in 2015. Inbound tourist spending has increased over the years as China opens wider to global visitors by facilitating visas, payments and accommodation.

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

    China is also accelerating its development of international consumption center cities to stimulate inbound spending further. The country is working to transform five cities — Shanghai, Beijing, Guangzhou, Tianjin and Chongqing — into major shopping centers.

    In 2024, the number of inbound foreign travelers to the five cities doubled compared to the previous year. Together, they now account for nearly 70 percent of the country’s departure tax refund stores and more than half of imported consumer goods.

    “China’s inbound consumption holds great growth potential,” said Vice Commerce Minister Sheng Qiuping, noting that last year, spending by overseas visitors contributed about 0.5 percent of the country’s GDP, compared to 1 to 3 percent in major economies. 

    MIL OSI China News –

  • MIL-OSI China: Record-breaking Canton Fair highlights China’s trade resilience

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

    Defying global trade headwinds, the just-concluded 137th China Import and Export Fair set multiple records, demonstrating great vitality in foreign trade and injecting fresh momentum into global trade development.

    Also known as the Canton Fair, the event, which concluded on Monday in south China’s Guangdong Province, attracted over 288,000 overseas buyers, a 17.3 percent increase from the session of the same period last year and a new high, according to the China Foreign Trade Centre (CFTC), the organizer of the fair.

    Another record high was set by the number of leading multinational purchasing enterprises participating in the fair — reaching 376.

    “The fair’s phenomenal turnout demonstrates international buyers’ strong endorsement of high-quality ‘Made in China’ products and underscores China’s pivotal role in global supply chains,” said Mao Yanhua, director of the Institute of Regional Openness and Cooperation at Sun Yat-sen University.

    WIDESPREAD OPTIMISM

    “I’m continually impressed by China’s technology and unmatched manufacturing excellence. This inspires our great optimism about the economic prospects of China,” said Osama Alrefaei, China general manager of Alrefaei trading company from Saudi Arabia, who attended the session.

    At the 136th Canton Fair last year, Alrefaei inked a collaboration agreement with a Chinese baby products supplier. They are currently finalizing the terms of cooperation to jointly create a new baby product brand, which will be sold in Saudi Arabia.

    Among the record-breaking participation of over 288,000 overseas buyers at the 137th Canton Fair, there were over 170,000 first-time attendees, up 14.6 percent year on year.

    “This is our first time participating in the fair, and our focus is on processing machinery and equipment,” said a purchasing manager with DF import and export company from Vietnam. “With China’s ‘technology toolbox,’ more and more Southeast Asian countries are accelerating their transformation from assembly workshops to manufacturing hubs.”

    Despite the current complex international situation, overseas buyers demonstrated strong confidence in China and Chinese products, with many emphasizing their visit was more than just symbolic — the 137th Canton Fair has recorded 25.44 billion U.S. dollars in on-site intended export deals.

    According to the organizer, the international buyers come from 219 countries and regions. Purchasers from countries participating in Belt and Road cooperation totaled 187,450, up 17.4 percent year on year and representing 64.9 percent of all overseas buyers.

    “The fair holds an irreplaceable position in our business ecosystem,” said Davut Taser, general manager of Hometraz Trading Company from Türkiye, which has been participating in the Canton Fair for 25 years.

    Taser noted that many of the company’s core components come from China, calling such complementary cooperation “a vivid reflection of global industrial chains.”

    PRODUCT UPGRADE

    According to Chinese exhibitors at the 137th Canton Fair, products with exceptional quality, innovative features, and strong brand recognition have gained particular favor among international buyers, further boosting their confidence in pursuing diversified market expansion.

    After ordering 100 mobile smart panels manufactured by Shenzhen KTC Commercial Display Technology Co., Ltd. at the fair, a thrilled international purchaser even wanted to take away the company’s exhibition samples as well.

    “The market has voted — our innovative products are worth the price,” said Liu Feng, general manager of the commercial sales department of the Guangdong-based company. “We have completed our technology reserves and will deploy them when market conditions mature, aiming to attract more clients from emerging markets such as Central Asia, the Middle East, and South America.”

    As buyers arrive with higher expectations, Chinese companies are responding with more diverse and higher-quality products and services. Zhang Sihong, deputy director of the CFTC, noted that this edition of the Canton Fair has seen a surge in new technologies, innovative designs, advanced materials, and cutting-edge manufacturing processes.

    A total of 4.55 million exhibits were showcased, including 1.02 million new products, 880,000 green and low-carbon products, and 320,000 smart products.

    Deevesh Khatri, business development manager of Emerald Appliances from Dubai, has been visiting the Canton Fair with his father for over a decade, and now 99 percent of the firm’s suppliers are sourced from the event.

    “It’s like a one-stop supermarket and an industry think tank,” he said. “Here, we spot trends, expand our network, and even reinvent our business models.”

    Established in 1957, the Canton Fair is held twice a year in Guangzhou, capital of Guangdong. It is the longest-running of several international trade events in China and has been hailed as the barometer of China’s foreign trade.

    According to the General Administration of Customs, China’s total goods imports and exports in yuan-denominated terms expanded 1.3 percent year on year in the first quarter of 2025. 

    MIL OSI China News –

  • MIL-OSI: International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

    Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

    There is no fee for participants to log in, attend live presentations and/or ask questions.

    Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

    Conference Agenda May 15th, 2025 (US Eastern Standard Time):

    • 8:00 AM: Bavarian Nordic A/S (Nasdaq Copenhagen: BAVA, OTC: BVNRY)  
    • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
    • 9:00 AM: Infineon Technologies AG (Xetra: IFX, OTC: IFNNY)
    • 9:30 AM: Clicks Group Ltd (JSE: CLS, OTC: CLCGY)
    • 10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
    • 10:30 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
    • 11:00 AM: 51Talk Online Education Group (NYSE American: COE)
    • 11:30 AM: Yiren Digital Ltd. (NYSE: YRD)
    • 12:00 PM: ABB Ltd. (SIX: ABBN, OTC: ABBNY)
    • 12:30 PM: Belite Bio, Inc  (NASDAQ: BLTE)
    • 13:00 PM: Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY)
    • 13:30 PM: International Airlines Group (LSE: IAG, MAD: IAG, OTC: ICAGY)
    • 14:00 PM: BDO Unibank, Inc (PSE: BDO, OTC: BDOUY)
    • 14:30 PM: iHuman Inc. (NYSE: IH)

    The presentations will be available for replay after the conference.

    In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

    For further information, please contact:
    Dylan Riddle
    Deutsche Bank AG
    Press & Media Relations
    Tel. +12122504982
    Cell. +1(904)3866481
    Email dylan.riddle@db.com

    Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

    Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

    The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.

    The MIL Network –

  • MIL-OSI China: China unveils roadmap to boost evolution into IP powerhouse

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

    BEIJING, May 8 — China has revealed a roadmap aimed at promoting efforts to build itself into an intellectual property (IP) powerhouse, according to the National Intellectual Property Administration (NIPA) on Thursday.

    The newly released 2025 Promotion Plan for Intellectual Property Powerhouse Construction clearly defines 118 specific tasks across seven key areas, including improving IP systems and strengthening IP protection.

    A NIPA official stated that the plan focuses on three institutional upgrades — refining IP laws and regulations, optimizing core IP policies, and establishing rules for emerging fields and specialized technologies.

    IP protection efforts will be intensified through strengthened judicial safeguards, upgraded administrative protection, and multi-party collaboration, the official added.

    The plan also prioritizes expanding public IP services and fostering growth in IP-related service industries, the official emphasized.

    MIL OSI China News –

  • MIL-OSI China: China to continue efforts in joining CPTPP amid global trade challenges

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

    BEIJING, May 8 — China remains committed to advancing its accession process to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Commerce (MOC) said Thursday.

    Since formally applying to join the CPTPP in September 2021, China has analyzed the agreement’s provisions in depth and engaged in multi-level exchanges with member economies through various channels, while also launching pilot programs in domestic qualified free trade zones and ports, MOC spokesperson He Yadong said at a press conference.

    These moves demonstrate China’s determination, capability and concrete actions in seeking to meet the agreement’s high standards, He added.

    “No matter how the international landscape evolves, China will only open its door wider to the world,” the spokesperson said.

    Moving forward, China will steadily expand institutional opening up, proactively align with high-standard international economic and trade rules, and advance the CPTPP accession process, He added.

    MIL OSI China News –

  • MIL-OSI China: Chinese vice premier meets Saudi Aramco’s chairman

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

    BEIJING, May 8 — Chinese Vice Premier Ding Xuexiang met with Yasir Al-Rumayyan, chairman of the board of directors of Saudi Aramco, in Beijing on Thursday.

    Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said the China-Saudi Arabia comprehensive strategic partnership had developed rapidly with deepened cooperation in various fields.

    Noting that Saudi Aramco has long been an active player in China’s reform and opening up as well as modernization drive, Ding said it is hoped that both sides will continue to deepen cooperation in traditional fields such as energy and chemical engineering, actively carry out cooperation on sci-tech innovation and green transformation, work together to maintain the stability of the global industrial and supply chains and the multilateral trading system, and make greater contributions to China-Saudi Arabia relations and the world economy.

    Yasir Al-Rumayyan said that Saudi Aramco had always been optimistic about China’s development prospects and is willing to further expand investment and trade cooperation with China, making contributions to the economic and trade cooperation between the two countries.

    MIL OSI China News –

  • MIL-OSI China: China urges relevant countries stop stirring up trouble in South China Sea

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

    China firmly opposes the recent joint sea and air patrol in the South China Sea by the Philippines, the United States and Australia and their hyping up of the event, a Chinese foreign ministry spokesperson said on Thursday.

    Spokesperson Lin Jian made the remarks while responding to a relevant query at a daily news briefing.

    Lin said the current situation in the South China Sea is generally stable, with no issues regarding the freedom of navigation and overflight enjoyed by countries under international law.

    Activities conducted by countries in the South China Sea should adhere to international law and the spirit of the Declaration on the Conduct of Parties in the South China Sea (DOC), and must not target third countries and jeopardize regional peace and stability, he added.

    “The Philippines, violating international law and the DOC, has frequently made infringements and provocations and stirred up troubles at sea,” Lin said, adding that it has sought to collude with external forces to disrupt peace in the South China Sea, showing off military power and serving as a pawn, which will ultimately backfire.

    Lin pointed out that certain extraterritorial countries, including the United States, have been assembling small circles in the South China Sea, engaging in confrontation in the name of cooperation, showing off military strength under the guise of freedom, and creating chaos in the name of order, posing the greatest risk to peace and stability in the region.

    China has been firm in maintaining its territorial sovereignty and maritime rights and interests and has worked with regional countries to uphold peace and stability in the South China Sea, Lin noted.

    “We advise relevant countries to cease forming cliques and stirring up trouble in the South China Sea and to stop undermining regional peace and stability,” he added. 

    MIL OSI China News –

  • MIL-OSI USA: Feenstra Leads Legislation to Help Iowa Farmers Buy Precision Agriculture Equipment

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Reps. Randy Feenstra (R-IA) and Jimmy Panetta (D-CA) introduced the Precision Agriculture Loan Program Act, which would establish the first-ever federal precision agriculture loan program in the U.S. Department of Agriculture’s Farm Service Agency. 

    “In 2022 and 2024, I attended the Farm Progress Show in Boone, Iowa to meet with our farmers, producers, equipment manufacturers, and ag innovators. On both occasions, I was impressed by the cutting-edge advancements in farm technology that help lower input costs for our farmers, increase farm productivity and profitability, and strengthen Iowa’s ability to feed and fuel our country and the world. However, we need to make precision agriculture equipment accessible to producers across our state and around the nation,” said Rep. Feenstra. “That’s why I introduced the Precision Agriculture Loan Program Act to ensure that our producers can secure low-interest loans to invest in precision agriculture tools and make their operations more efficient. This legislation will help our farmers save precious dollars, increase yields, and compete with countries like China on a more level playing field.”

    “Despite the promise of precision agriculture, the high cost of this advanced equipment continues to put it out of reach for too many farmers,” said Rep. Panetta.  “Our bipartisan Precision Agriculture Loan Program Act would provide a practical solution by offering targeted financing to help producers purchase and adopt this technology.  By expanding access to these tools, we can strengthen farm operations, boost sustainability, and enhance our long-term food and climate security.”

    “Access to cutting-edge technology is not a nice-to-have but a must-have for farmers, ranchers, and foresters across the country. Equipment manufacturers applaud U.S. Representatives Randy Feenstra and Jimmy Panetta for championing the first-ever federal precision agriculture loan program in the U.S. Department of Agriculture’s Farm Service Agency. The Precision Agriculture Loan (PAL) Act will allow more farmers to leverage precision agriculture technologies to remain competitive and operate more efficiently,” said Kip Eideberg, Senior Vice President of Government and Industry Relations at the Association of Equipment Manufacturers (AEM).

    More specifically, this legislation would offer loans up to $500,000 between 3 and 12 years in length at interest rates of less than 2% and create a list of acceptable precision agriculture technologies approved by the Farm Service Agency and covered by the USDA. This funding would also allow farmers to retrofit existing equipment with new technologies.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: China warns Philippines against infringing on China’s core interests in any form

    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

    Xinhua | 08. 05. 2025

    Keywords: any form, interests of China, infringement, China, Philippines, warned, Philippines, stern warning, departmental press, Zhang, Shandong, Thursday, exercises, Taiwan, USA, North

    BEIJING, May 8 (Xinhua) — Chinese Defense Ministry spokesman Zhang Xiaogang on Thursday issued a stern warning to the Philippines against infringing on China’s core interests in any form.

    Zhang Xiaogang made the remarks at a departmental press conference in response to a question about the appearance of the Chinese aircraft carrier Shandong in waters north of the Philippines during recent joint military exercises between the Philippines and the United States, as well as a statement by a Philippine Navy spokesman about possible joint exercises involving the Philippines and Taiwan. -0-

    Source: Xinhua

    China warns Philippines against infringing on China’s core interests in any form China warns Philippines against infringing on China’s core interests in any form

    MIL OSI Russia News –

  • MIL-OSI Russia: China condemns US attempts to turn Asia-Pacific region into a ‘powder keg’

    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 8 (Xinhua) — The U.S. attempt to turn the Asia-Pacific region into a “powder keg” is seriously undermining the security and well-being of people in the region, Chinese Defense Ministry spokesman Zhang Xiaogang said Thursday.

    He made the statement in response to a question from media representatives about the US Defense Secretary’s calls to contain China in the Indo-Pacific region and Washington’s plans to establish a major military facility in the Philippines to store weapons, equipment and logistics.

    “In order to maintain its hegemony, the United States has repeatedly used China as a pretext in an attempt to turn the Asia-Pacific region into a ‘powder keg’, endangering various countries,” Zhang Xiaogang said, stressing that such actions seriously harm the security and well-being of the countries in the region and their people.

    “Facts have repeatedly proven that being an enemy of the United States is dangerous, but being a friend can be deadly,” a Chinese defense official said. He urged interested countries “not to invite trouble or become pawns in someone else’s hands” to avoid undermining the hard-won peace and stability in the Asia-Pacific region. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Ministry of Commerce Comments on Anti-Dumping Investigation into EU Brandy

    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 8 (Xinhua) — Chinese Ministry of Commerce spokesperson He Yadong on Thursday commented on the anti-dumping investigation of brandy produced in the European Union (EU), saying China is open to resolving economic and trade differences through dialogue and consultation.

    In this way, the department’s representative, at the latest departmental press briefing, answered a question from media representatives about China’s expectations from the upcoming economic and trade negotiations between Vice Premier of the State Council of the People’s Republic of China He Lifeng and representatives of France, in particular regarding the import of brandy.

    According to He Yadong, at the request of the China Alcoholic Beverage Industry Association, which acted on behalf of domestic enterprises in the industry, China launched an anti-dumping investigation on brandy imported from the EU on January 5, 2024. Given the complex circumstances of the case, the ministry decided to extend the investigation until July 5, 2025.

    The investigating authorities are currently reviewing the price commitment applications submitted by EU exporters, as well as the comments and opinions submitted by all parties after the preliminary ruling, He added.

    He promised that the authorities would make a final decision within the prescribed time frame and based on the facts of the case, as well as through an investigation process conducted in accordance with laws and regulations.

    Meanwhile, China is open to resolving economic and trade differences through consultation and dialogue, the ministry spokesman added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: EU to impose tariffs on €95bn worth of US goods if talks fail

    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

    Xinhua | 08. 05. 2025

    Keywords: US goods worth,if negotiations fail,billion euros,EU,urgent,duties,will introduce,list of US imports,measures may come into force,billion US dollars,commission started,USA,Thursday,amount,agreement,force

    BRUSSELS, May 8 (Xinhua) — The European Commission has launched a public consultation on a list of US imports worth 95 billion euros (107.2 billion U.S. dollars), warning that measures could come into force if talks with the United States fail to produce an agreement, the EU said in a statement on Thursday.

    Source: Xinhua

    Breaking: EU to impose tariffs on €95 billion worth of US goods if talks fail Breaking: EU to impose tariffs on €95 billion worth of US goods if talks fail

    MIL OSI Russia News –

  • MIL-OSI Russia: China steps up efforts to promote non-state sector development

    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 8 (Xinhua) — China is introducing a series of measures to promote the development of the country’s non-state sector economy, officials said at a press conference held by the State Council Information Office on Thursday.

    The newly enacted Law on Promoting the Development of the Non-State Sector of the Economy enhances development certainty through legal stability, providing confidence to non-state enterprises seeking growth in a calm environment, Zheng Bei, deputy head of the National Development and Reform Commission (NDRC), said at a press conference.

    In order to ensure fair participation in market competition, the law stipulates that China will implement a unified nationwide system of negative lists to regulate market access, Zheng Bei noted.

    Regarding equal access to production factors, the law ensures that non-state economic entities have equal rights to use capital, technology, human resources, digital data, land and public service resources on a legal basis, ensuring a level playing field for all stakeholders, she added.

    According to her, the SCRRK has launched a number of major projects in sectors such as nuclear energy and railways. In some nuclear energy projects, the share of non-state capital has reached 20 percent, while in projects in areas such as industrial equipment renewal and resource utilization and reuse, the share of investment by non-state enterprises has exceeded 80 percent.

    Zheng Bei said that this year, China will launch high-quality projects with a total investment of about 3 trillion yuan (about 416.2 billion US dollars) in sectors such as transportation, energy, water conservancy and new infrastructure.

    From January to April this year, the proportion of non-state-owned enterprises winning tenders increased by 5 percentage points compared with the same period last year, Zheng Bei said, adding that among projects worth less than 100 million yuan, non-state-owned enterprises accounted for more than 80 percent of the total number of winning projects.

    Speaking at the aforementioned press conference, Deputy Director General of the State Administration of Financial Regulation of the People’s Republic of China Cong Lin said that loans issued by banking financial institutions to enterprises in the non-state sector of the economy have maintained steady growth.

    According to her, over the past five years, loans issued to non-state enterprises have grown at an average annual rate of 1.1 percentage points higher than the overall growth rate of loans of all categories.

    As of the end of the first quarter of this year, the outstanding balance of loans issued to non-state-owned enterprises reached 76.07 trillion yuan, up 7.41 percent year on year, Cong Lin added, noting that the outstanding balance of inclusive loans issued to micro and small enterprises was 35.3 trillion yuan, up 12.5 percent year on year.

    The Law on Promoting the Development of the Non-State Economy, which will take effect on May 20 this year, stipulates that promoting the sustainable, healthy and high-quality development of the non-state economy is an important and long-term policy of China. -0-

    MIL OSI Russia News –

  • MIL-OSI: Primech AI Plans Production of 300 HYTRON Robots through its China Manufacturing Expansion

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 08, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced a significant expansion of its manufacturing capabilities through a strategic manufacturing partnership in Guangdong Province, China. The partnership will support the growing global demand for Primech AI’s innovative HYTRON bathroom cleaning robots, with plans to roll out 300 robots in the initial production phase.

    The partnership establishes a comprehensive manufacturing framework with a well-established electronics manufacturer in Huizhou City of Guangdong Province, creating a robust production base to serve markets across Asia and beyond. This strategic location in China’s manufacturing heartland provides Primech AI access to a sophisticated electronics supply chain and specialized technical expertise.

    “This manufacturing partnership in China represents a significant advancement in our production strategy,” said Charles Ng, Co-Founder and Chief Operating Officer of Primech AI. “The Guangdong region offers unparalleled advantages in electronics manufacturing infrastructure, component sourcing, and technical knowledge, enabling us to scale production efficiently while maintaining the highest quality standards for our HYTRON robots. Our ambitious target of rolling out 300 robots demonstrates our commitment to meeting market demand and accelerating our growth trajectory.”

    Under the terms of the agreement, the manufacturing partner will manage the full production cycle for Primech AI’s HYTRON bathroom cleaning robots, including manufacturing and assembly based on Primech AI’s detailed specifications, implementation of comprehensive quality assurance protocols, performance of rigorous functionality and safety testing, securing necessary certifications to meet international regulatory requirements, and production scheduling and delivery timeline management. The manufacturing agreement covers an initial two-year period and includes provisions for regular quality monitoring, performance reporting, and collaborative development to ensure continuous improvement of manufacturing processes.

    “Quality and reliability are foundational to our HYTRON technology, and our manufacturing partner in China brings extensive experience producing sophisticated electronic and robotic systems,” added Ng. “This collaboration allows us to leverage specialized manufacturing expertise while ensuring our exacting standards are maintained throughout the production process.”

    The strategic location in China provides Primech AI with several key advantages. Access to a mature electronics manufacturing ecosystem enables efficient production scaling and quality control. The proximity to specialized component suppliers streamlines the supply chain and reduces procurement lead times. The facility offers scalable production capacity to meet the growing global demand for HYTRON robots, starting with the 300-unit initial target. Finally, the location provides efficient logistics for serving Asian markets, reducing shipping times and transportation costs.

    This expansion of manufacturing capabilities in China complements Primech AI’s recent product innovations and market expansion initiatives, reinforcing the Company’s commitment to meeting growing global demand for its autonomous cleaning solutions.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:
    Matthew Abenante, IRC
    President
    Strategic Investor Relations, LLC
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

  • MIL-OSI: Xunlei Limited Schedules 2025 Unaudited First Quarter Earnings Release on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 08, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a leading technology company providing distributed cloud services in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2025 on May 15, 2025 before market open.

    The earnings press release will be available on the Company’s investor relations page at http://ir.xunlei.com.

    Conference Call

    Xunlei’s management will host a conference call at 8:00 a.m. U.S. Eastern Time on May 15, 2025 (8:00 p.m. Beijing/Hong Kong Time), to discuss the Company’s quarterly results and recent business developments.

    Conference Call Preregistration

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIe31316b11951413ca6026dd0a7227b38

    Please register to join the conference using the link provided above and dial in 10 minutes before the call is scheduled to begin. Once registered, the participants will receive an email with personal PIN and dial-in information, and participants can choose to access either via Dial-In or Call Me. A kindly reminder that “Call Me” does not work for China number.

    The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.xunlei.com. Following the earnings conference call, an archive of the call will be available at https://edge.media-server.com/mmc/p/vrett8r2

    About Xunlei

    Founded in 2003, Xunlei Limited (NASDAQ: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

    Contact:
    Xunlei Limited Investor Relations

    Email: ir@xunlei.com
    Tel: +86 755 6111 1571
    Website: http://ir.xunlei.com

    The MIL Network –

  • MIL-OSI Economics: US anesthesia and respiratory devices market faces disruption as tariffs drive supply chain shift, says GlobalData

    Source: GlobalData

    US anesthesia and respiratory devices market faces disruption as tariffs drive supply chain shift, says GlobalData

    Posted in Medical Devices

    The US anesthesia and respiratory (A&R) devices market faces major disruption as new US tariffs hit foreign-made products, with majority of all 510(k) approved devices manufactured outside the country. This raises serious supply chain concerns and may shift market dynamics in favor of domestic manufacturers, even as the market grows from $4.4 billion in 2023 to a projected $7.5 billion in 2033, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Medsource Database reveals that an estimated 67% of all 510(k) approved A&R devices are manufactured outside the US while 54% of those are manufactured solely outside the US.

    Aidan Robertson, Medical Analyst at GlobalData, comments: “A&R may be especially susceptible to changes in trade policies as a significant portion of the products are manufactured outside the US. This may cause issues in how effectively these devices can be provided to the relevant patient population.”

    GlobalData attributes the US anesthesia and respiratory devices market growth to an aging population which in turn is increasing the prevalence of respiratory related illnesses as well as advancements in technology relating to A&R.

    Robertson continues: “Some barriers to the growth include the higher costs of newer anesthesia and respiratory devices, which can limit accessibility. More recently, the ongoing trade war has emerged as a key challenge, discouraging product development, disrupting medical device supply chains, and increasing costs for consumers.”

    With US tariffs on China still at 145%, the impact is significant on the estimated 17% of 510(k) approved anesthesia and respiratory products made in China, especially the 10% manufactured exclusively there.

    Robertson concludes: “Companies facing greater financial risk, such as Respironics, may consider shifting more production to the US. However, this can lead to significant short-term revenue losses, benefiting competitors with stronger domestic manufacturing operations. As a result, the US anesthesia and respiratory market may see a shift in market share as healthcare providers turn to suppliers better positioned to navigate the tariffs.”

    MIL OSI Economics –

  • MIL-OSI Economics: India and Japan drive revenue growth among top 20 APAC banks as Chinese giants slow down, reveals GlobalData

    Source: GlobalData

    India and Japan drive revenue growth among top 20 APAC banks as Chinese giants slow down, reveals GlobalData

    Posted in Business Fundamentals

    The top 20 Asia-Pacific (APAC) banks saw a modest 6.5% increase in combined revenue from $1.6 trillion in 2023 to $1.75 trillion in 2024, driven by exceptional growth from Indian and Japanese banks. On the other hand, several Chinese banks faced stagnation or declines amid tighter regulations and slowing credit demand. This shift highlights evolving regional dynamics and signals changing leadership in APAC’s banking landscape, reveals GlobalData, a leading data and analytics company.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “APAC banking landscape witnessed a striking shift in momentum in 2024, as Indian and Japanese banks delivered powerful revenue growth, some of the China’s traditionally dominant institutions recorded either marginal gains or outright declines. It also reveals not just a reshuffling of leaders, but also deeper structural signals driven by macroeconomic realignments, domestic policy shifts, and evolving capital flows.”

    Only three banks achieved revenue growth exceeding 40% in 2024: India’s HDFC Bank led with an impressive 89.5% year-on-year (YoY) increase, while Japan’s Sumitomo Mitsui Financial and Mizuho Financial followed with growth rates of 42.8% and 41.6%, respectively

    Grandhi explains: “HDFC Bank’s rise can be attributed to its merger with HDFC Ltd., robust retail lending growth, and digital banking expansion. Likewise, State Bank of India recorded a 19.4% jump to $72 billion, fueled by rising credit demand in infrastructure, manufacturing, and rural segments.

    “Japanese banks staged a strong comeback after years of modest performance. This surge is underpinned by enhanced cross-border M&A advisory, corporate lending in Southeast Asia, and increased activity in the green finance space.”

    Japan-based Mitsubishi UFJ Financial posted an 11.7% increase to $81.7 billion, reflecting stronger domestic lending and strategic international acquisitions.

    Chinese banks continued to dominate the revenue leaderboard, securing 11 of the top 20 positions. ICBC led with $227.9 billion in revenue, though it posted a slight YoY contraction of -0.6%. Similarly, China Construction Bank ($198.1 billion, -2%), Postal Savings Bank of China ($81.7 billion, -0.7%), and Shanghai Pudong Development Bank ($49.2 billion, -4.4%) reflected a slowdown. The declines stem from reduced credit demand, property sector headwinds, and the cautious lending stance amid tighter regulatory controls.

    Nevertheless, Bank of China showed resilience with a 2.6% increase in revenue to $177.6 billion, supported by strong offshore financing operations and currency settlements, benefiting from the yuan’s expanding role in trade settlements.

    Grandhi concludes: “As the global financial system braces for a volatile 2025, APAC banks are navigating a complex matrix of geopolitical tensions, tariff escalations, and tightening liquidity. The US-China trade recalibration, semiconductor export restrictions, and ongoing regional disputes could dampen cross-border capital flows and increase regulatory compliance costs.

    “However, banks with strong domestic franchises, digital agility, and diversified international exposure, especially in India, Japan, and Australia, are better positioned to weather uncertainty and tap into structural growth trends, including fintech adoption, infrastructure financing, and ESG-related lending. The year ahead will test these institutions not just on balance sheet strength but on their ability to adapt strategically in an evolving global order.”

    MIL OSI Economics –

  • MIL-OSI Russia: China, Cambodia to hold joint military exercises

    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 8 (Xinhua) — The armed forces of China and Cambodia will hold joint exercises in Cambodia in the second and third ten days of May this year, Chinese Defense Ministry spokesman Zhang Xiaogang said Thursday.

    The joint military exercises of the two countries, codenamed “Golden Dragon 2025,” will focus on practicing joint anti-terrorist operations, as well as operations to provide humanitarian aid and eliminate the consequences of natural disasters, Zhang Xiaogang said at a departmental press conference.

    According to him, the maneuvers will be conducted on land, at sea and in the air. In addition, cultural and sports exchange events, as well as “Open Days” on ships, etc. are also planned.

    This joint exercise will be the seventh of its kind between the Chinese and Cambodian armed forces.

    “The exercise will play a positive role in strengthening practical cooperation between the two sides and advancing the building of an all-weather China-Cambodia community with a shared future in the new era,” the Chinese defense ministry spokesman said. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: /Economic Review/ New Professions Fuel China’s Booming Cultural and Tourism Sector

    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

    CHANGCHUN, May 8 (Xinhua) — As dawn broke over Mount Taishan in east China’s Shandong Province, 26-year-old Wang Yang packed his backpack with essentials such as a first aid kit, trekking poles and sugar candies to replenish his energy.

    He is preparing to lead a family of five on a six-hour climb to the summit, his seventh tour group over the five-day May Day weekend that ended Monday.

    Wang Yang is part of a growing trend of “climbing guides” – people who keep company as they explore China’s scenic beauty spots. The new profession, which attracts students, mountaineering enthusiasts and guesthouse owners, offers personalized services such as route planning, photography and even “encouraging verbal therapy” to hikers along the way.

    Charging service fees ranging from 400 to 1,500 yuan (US$55 to US$208) depending on the difficulty of the route, some such guides manage to earn up to 30,000 yuan a month.

    The emergence of the new profession reflects a broader boom in tourism. For example, in the first quarter of 2025, Taishan was visited 1.27 million times, up 12.6 percent year-on-year. In 2023 and 2024, the mountain was visited more than 8 million times annually.

    “The move towards personalized and specialized services also reflects a significant increase in consumer demand,” said Wang Yang, who, thanks to his newfound knowledge of emergency medical care, was able to help revive a tourist suffering from hypoglycemia.

    About 1,000 kilometers away in northeast China’s Jilin Province, 50-year-old Yu Wei sat in a ski resort cabin, studying a thick stack of work notes. A technician by training, he played a key role in developing China’s first national standards for “ski patrol rescuers,” a newly recognized national profession.

    When Yu Wei entered the industry in 1995, China’s ski resorts relied on equipment donated by foreign countries and had few active holidaymakers. But that all changed after Beijing won the 2022 Winter Olympics in 2015, and ski visits to the country’s ski slopes increased to 234 million in 2024-25.

    “Now that 70 percent of skiers are snowboarding and trying difficult tricks, rescue work requires new skills,” said Yu Wei, whose team has developed protocols such as the “18-minute golden patrol cycle” to meet the changing demands of the sport.

    The emergence of new roles in the tourism industry, from food reviewers to sports technicians, reflects broader changes in society. Song Zhiqiang, a popular content creator from Yanbian Korean Autonomous Region (Jilin Province, northeast China), has turned food vlogging into a powerful marketing tool, increasing local sales and consumption by more than 10 million yuan. Industry data shows that social media influencers like Song Zhiqiang will help the country’s entrepreneurs earn 133.3 billion yuan in 2024.

    Since 2019, China has officially recognized 93 new occupations, with the total number of “new economy” workers reaching 84 million people, accounting for 21 percent of the country’s total workforce.

    “These occupations are not just jobs; they are indicators of rising consumption levels,” said Zhou Guangxu, an associate professor at the Institute of Labor Affairs at Renmin University of China. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Huawei to Unveil First HarmonyOS-Based PC Lineup on May 19

    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

    SHENZHEN, May 8 (Xinhua) — Chinese tech giant Huawei on Thursday said it will launch its first line of personal computers (PCs) based on its HarmonyOS operating system on May 19.

    The upcoming release marks a significant expansion of the HarmonyOS ecosystem across the smartphones and tablets it already supports.

    By launching computers equipped with the country’s first domestically produced operating system for the general public, Huawei is set to challenge the long-standing dominance of Microsoft Windows and Apple macOS in the personal computer market.

    Huawei’s HarmonyOS-based computers are one of the company’s R&D achievements over the past 5 years. Huawei emphasized that HarmonyOS includes robust security features, including a dedicated encryption security chip, secure access mechanisms, and encrypted data exchange.

    Huawei said the new computers will enable seamless interaction between Huawei-branded devices, allowing users to control and navigate between the screens of their phones, tablets and computers using a keyboard and mouse.

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

    According to insiders, Huawei will have to put more effort into attracting users in the initial marketing phase, as the mainstream Windows and macOS operating systems offer a more mature and rich application ecosystem in the existing market.

    Huawei HarmonyOS-based computers support connectivity with over 1,000 external devices and currently have over 150 dedicated PC apps and over 300 ecosystem-compatible apps. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China Coast Guard dislodges Japanese vessel that illegally entered Chinese territorial waters near Diaoyu Island /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 8 (Xinhua) — The China Coast Guard (CCG) has dislodged a Japanese vessel that illegally entered China’s territorial waters near Diaoyu Island, CCG spokesman Liu Dejun said Thursday.

    According to him, the BOC ships took necessary control measures in accordance with the law, issued warnings and forced the Japanese vessel to leave China’s territorial waters after it illegally entered the aforementioned waters between May 7 and 8.

    Stressing that the Diaoyu Islands and their adjacent islands are China’s original territory, Liu Dejun called on the Japanese side to immediately stop all illegal activities in these waters.

    “The BOC will continue to regularly conduct law enforcement activities in China’s territorial waters near Diaoyu Island to protect the country’s territorial sovereignty and maritime rights and interests,” Liu Dejun added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese and Egyptian air forces complete joint exercises in Egypt

    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 8 (Xinhua) — China’s Air Force sent aircraft including J-10C, KJ-500 and YY-20 to participate in a recent joint exercise with the Egyptian army at an Egyptian air base, Chinese Defense Ministry spokesperson Zhang Xiaogang said Thursday.

    From April 17 to May 4, 2025, the air forces of the two countries held the first joint exercise, codenamed “Eagles of Civilization-2025,” Zhang Xiaogang informed the media.

    According to him, this is the first time that China has sent a group of military personnel to Africa to participate in joint exercises.

    During the exercise, the two sides conducted training in disciplines such as air superiority operations, suppression of enemy air defenses (SEAD), battlefield search and rescue and combined forces, Zhang Xiaogang said, adding that discussions and exchanges of views on training models, air combat tactics and air refueling were also held.

    The joint exercise enhanced the tactical and technical capabilities of the troops participating in the exercise and strengthened the friendship, mutual trust and practical cooperation between the two armies, and effectively tested the PLA’s long-range force projection, rapid deployment and systemic operations capabilities, Zhang Xiaogang stressed. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: Xi Jinping and V. Putin took part in the ceremony of signing and exchanging documents on cooperation

    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

    Xinhua | 08. 05. 2025

    Keywords: Xi Jinping, Chairman of the People’s Republic of China, signing ceremony, exchange of documents, participation, cooperation, Putin, accepted, urgently, anniversary of victory, state visit, Jinping, Thursday, participation, celebrations, Wednesday

    Moscow, May 8 (Xinhua) — Chinese President Xi Jinping and Russian President Vladimir Putin attended a ceremony on Thursday to sign and exchange cooperation documents.

    Xi Jinping arrived in Russia on Wednesday for a state visit and to attend celebrations marking the 80th anniversary of Victory in the Great Patriotic War. –0–

    Source: Xinhua

    Breaking: Xi Jinping and V. Putin attended the ceremony of signing and exchanging cooperation documents Breaking: Xi Jinping and V. Putin attended the ceremony of signing and exchanging cooperation documents

    MIL OSI Russia News –

  • MIL-OSI Russia: Lightning: Xi Jinping and V. Putin signed a joint statement of the Russian Federation and the People’s Republic of China on deepening relations of comprehensive partnership and strategic interaction, entering a new era

    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

    Xinhua | 08. 05. 2025

    Keywords:

    Source: Xinhua

    Flash: Xi Jinping and V. Putin signed a joint statement of the Russian Federation and China on deepening relations of comprehensive partnership and strategic interaction, entering a new era Flash: Xi Jinping and V. Putin signed a joint statement of the Russian Federation and China on deepening relations of comprehensive partnership and strategic interaction, entering a new era

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: Xi Jinping and V. Putin signed a joint statement of the Russian Federation and the People’s Republic of China on deepening relations of comprehensive partnership and strategic interaction, entering a new era

    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

    Xinhua | 08. 05. 2025

    Keywords: Xi Jinping, PRC, Chairman of the PRC, deepening relations, strategic interaction, new era, statement of the Russian Federation, Putin, signed, partnership, urgent, Thursday, Jinping

    Moscow, May 8 /Xinhua/ — Chinese President Xi Jinping and Russian President Vladimir Putin on Thursday signed a joint statement of the Russian Federation and the People’s Republic of China on deepening relations of comprehensive partnership and strategic interaction, entering a new era. –0–

    Source: Xinhua

    Breaking News: Xi Jinping and V. Putin Signed a Joint Statement by Russia and China on Deepening Comprehensive Partnership and Strategic Interaction, Entering a New Era Breaking News: Xi Jinping and V. Putin Signed a Joint Statement by Russia and China on Deepening Comprehensive Partnership and Strategic Interaction, Entering a New Era

    MIL OSI Russia News –