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Category: China

  • MIL-OSI China: Xi, EU leaders exchange congratulations on 50th anniversary of diplomatic ties 2025-05-06 20:09:51 Chinese President Xi Jinping on Tuesday exchanged congratulations with European Council President Antonio Costa and European Commission President Ursula von der Leyen over the 50th anniversary of diplomatic ties between China and the European Union (EU).

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

    BEIJING, May 6 (Xinhua) — Chinese President Xi Jinping on Tuesday exchanged congratulations with European Council President Antonio Costa and European Commission President Ursula von der Leyen over the 50th anniversary of diplomatic ties between China and the European Union (EU).

    In his message, Xi said China and the EU are comprehensive strategic partners, two major forces promoting multi-polarization, two major markets supporting globalization and two major civilizations advocating diversity.

    Xi noted that since the establishment of their diplomatic ties 50 years ago, China and the EU have maintained close exchanges across various levels and sectors, saying that the accomplishments of their dialogue and cooperation are fruitful, cultural and people-to-people exchanges vibrant, and multilateral coordination productive.

    He added that China-EU relations have become one of the most influential bilateral relations in the world, contributing greatly to enhancing the well-being of their people, and promoting world peace and development.

    Noting that the world is undergoing accelerated changes unseen in a century and human society is once again at a critical crossroads, Xi said a healthy and stable China-EU relationship not only promotes mutual achievements, but also illuminates the world.

    Xi said he highly regards the development of China-EU relations, and is ready to work with Costa and von der Leyen to take the 50th anniversary of diplomatic relations as an opportunity to review the experience drawn from the development of ties, deepen strategic communication, enhance mutual understanding and trust, strengthen partnership, expand mutual openness, properly handle frictions and differences, and work toward an even brighter future for China-EU relations.

    He also called on both sides to remain committed to multilateralism, uphold fairness and justice, oppose unilateralism and bullying, join forces in addressing global challenges, and jointly build an equitable and orderly multipolar world and an inclusive economic globalization, so as to make greater contributions to world peace, stability, development and prosperity.

    For their part, EU leaders said over the past 50 years, China has achieved the most rapid and sustained economic growth in history, noting that the EU and China have forged extensive ties, become each other’s most important trading partners and contributed to the well-being of their people and the prosperity of their economies.

    Against the backdrop of global uncertainty and geopolitical shifts, the EU, they said, stands ready to deepen its partnership with China, strengthen exchanges and cooperation, uphold the purposes and principles of the United Nations Charter, work hand in hand to address common challenges, and promote global peace, security, prosperity and sustainable development. 

    MIL OSI China News –

  • MIL-OSI China: China rolls out measures to optimize public employment services system

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

    BEIJING, May 6 — China on Tuesday rolled out 20 measures to optimize its public employment services system, aiming to improve the availability, equality and professional quality of such services.

    A set of guidelines issued by five government authorities, including the Ministry of Human Resources and Social Security, call for the provision of local or easily accessible public employment services for urban and rural workers and employers.

    The guidelines underscore the importance of releasing comprehensive employment information and providing precise career introduction and guidance services, while improving the management of both employment and unemployment.

    They state that the types and degrees of difficulties that people face in seeking employment should be identified accurately so that targeted services can be provided.

    They also call for cities and counties to enhance their comprehensive capability to provide full-chain public employment services.

    MIL OSI China News –

  • MIL-OSI USA: U.S. International Trade in Goods and Services, March 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $140.5 billion in March, up $17.3 billion from $123.2 billion in February, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit: $140.5 Billion +14.0%°
    Exports: $278.5 Billion +0.2%°
    Imports: $419.0 Billion +4.4%°

    Next release: Thursday, June 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, May 6, 2025

    Exports, Imports, and Balance (exhibit 1)

    March exports were $278.5 billion, $0.5 billion more than February exports. March imports were $419.0 billion, $17.8 billion more than February imports.

    The March increase in the goods and services deficit reflected an increase in the goods deficit of $16.5 billion to $163.5 billion and a decrease in the services surplus of $0.8 billion to $23.0 billion.

    Year-to-date, the goods and services deficit increased $189.6 billion, or 92.6 percent, from the same period in 2024. Exports increased $41.1 billion or 5.2 percent. Imports increased $230.7 billion or 23.3 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit increased $14.1 billion to $131.4 billion for the three months ending in March.

    • Average exports increased $4.0 billion to $275.7 billion in March.
    • Average imports increased $18.1 billion to $407.1 billion in March.

    Year-over-year, the average goods and services deficit increased $63.2 billion from the three months ending in March 2024.

    • Average exports increased $13.7 billion from March 2024.
    • Average imports increased $76.9 billion from March 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods increased $1.3 billion to $183.2 billion in March.

      Exports of goods on a Census basis increased $2.5 billion.

    • Industrial supplies and materials increased $2.2 billion.
      • Natural gas increased $0.8 billion.
      • Nonmonetary gold increased $0.7 billion.
    • Automotive vehicles, parts, and engines increased $1.2 billion.
      • Passenger cars increased $0.9 billion.
    • Capital goods decreased $1.5 billion.
      • Civilian aircraft decreased $1.8 billion.
      • Computer accessories increased $0.7 billion.

      Net balance of payments adjustments decreased $1.2 billion.

    Exports of services decreased $0.9 billion to $95.2 billion in March.

    • Travel decreased $1.3 billion.
    • Transport increased $0.3 billion.
    • Financial services increased $0.2 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods increased $17.8 billion to $346.8 billion in March.

      Imports of goods on a Census basis increased $17.8 billion.

    • Consumer goods increased $22.5 billion.
      • Pharmaceutical preparations increased $20.9 billion.
    • Capital goods increased $3.7 billion.
      • Computer accessories increased $2.0 billion.
    • Automotive vehicles, parts, and engines increased $2.6 billion.
      • Passenger cars increased $2.1 billion.
    • Industrial supplies and materials decreased $10.7 billion.
      • Finished metal shapes decreased $10.3 billion.
      • Nonmonetary gold decreased $1.8 billion.
      • Crude oil decreased $1.2 billion.

      Net balance of payments adjustments decreased less than $0.1 billion.

    Imports of services decreased $0.1 billion to $72.2 billion in March.

    • Travel decreased $0.4 billion.
    • Transport increased $0.2 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $14.0 billion, or 10.2 percent, to $150.9 billion in March, compared to a 10.3 percent increase in the nominal deficit.

    • Real exports of goods increased $2.4 billion, or 1.6 percent, to $149.7 billion, compared to a 1.4 percent increase in nominal exports.
    • Real imports of goods increased $16.4 billion, or 5.8 percent, to $300.6 billion, compared to a 5.5 percent increase in nominal imports.

    Revisions

    Revisions to February exports

    • Exports of goods were revised down less than $0.1 billion.
    • Exports of services were revised down $0.4 billion.

    Revisions to February imports

    • Imports of goods were revised up less than $0.1 billion.
    • Imports of services were revised up $0.1 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The March figures show surpluses, in billions of dollars, with Netherlands ($4.5), South and Central America ($3.2), Hong Kong ($1.9), United Kingdom ($1.2), Singapore ($0.5), Brazil ($0.5), and Saudi Arabia ($0.2). Deficits were recorded, in billions of dollars, with European Union ($48.3), Ireland ($29.3), China ($24.8), Mexico ($16.8), Switzerland ($14.7), Vietnam ($14.1), Taiwan ($8.7), India ($7.7), Germany ($7.5), South Korea ($6.8), Japan ($5.8), Canada ($4.9), Italy ($4.4), France ($3.9), Malaysia ($3.2), Australia ($1.0), Israel ($1.0), and Belgium ($0.1).

    • The deficit with Ireland increased $15.3 billion to $29.3 billion in March. Exports increased $0.1 billion to $1.4 billion and imports increased $15.5 billion to $30.7 billion.
    • The deficit with France increased $2.4 billion to $3.9 billion in March. Exports increased $0.1 billion to $4.0 billion and imports increased $2.6 billion to $7.9 billion.
    • The deficit with Switzerland decreased $4.1 billion to $14.7 billion in March. Exports increased $1.1 billion to $3.5 billion and imports decreased $3.0 billion to $18.3 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: June 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, April 2025

    Notice

    Country Name Changes

    With this release of the “U.S. International Trade in Goods and Services” report, references to “Congo (Brazzaville)” and “Congo (Kinshasa)” are replaced with “Congo” and “Democratic Republic of the Congo,” respectively, to reflect the countries’ recent name changes. These changes also align with the names recognized by the U.S. Department of State and the International Organization for Standardization.

    Impact of Canada Border Services Agency’s (CBSA) Release of CBSA Assessment and Revenue Management (CARM)

    The CBSA introduced a new accounting system (CARM) on October 21, 2024. As a result, importers in Canada have experienced delays in filing shipment information. These delays affected the compilation of statistics on U.S. exports of goods to Canada for September 2024 through February 2025, which are derived from data compiled by Canada through the United States – Canada Data Exchange. A dollar estimate of the filing backlog is included in estimates for late receipts and, following the U.S. Census Bureau’s customary practice for late receipt estimates, is included in the export end-use category “Other goods” as well as in exports to Canada. This estimate will be replaced with the actual transactions reported by the Harmonized System classification in June 2025 with the release of “U.S. International Trade in Goods and Services, Annual Revision.” Until then, please refer to the supplemental spreadsheet “CARM Exports to Canada Corrections,” which provides a breakdown of the late receipts by 1-digit end-use category for statistics through 2024. This spreadsheet will be updated as late export transactions are received to reflect reassignments from the initial “Other goods” category to the appropriate 1-digit end-use category. Any 2025 impacts will be revised in June 2026.

    If you have questions or need additional information, please contact the Census Bureau, Economic Indicators Division, International Trade Macro Analysis Branch, on 800-549-0595, option 4, or at eid.international.trade.data@census.gov.

    Upcoming Updates to Goods and Services

    With the releases of the “U.S. International Trade in Goods and Services” report (FT-900) and the FT-900 Annual Revision on June 5, 2025, statistics on trade in goods, on both a Census basis and a balance of payments (BOP) basis, will be revised beginning with 2020 and statistics on trade in services will be revised beginning with 2018. The revised statistics for goods on a BOP basis and for services will also be included in the “U.S. International Transactions, 1st Quarter 2025 and Annual Update” report and in the international transactions interactive database, both to be released by BEA on June 24, 2025.

    Revised statistics on trade in goods will reflect:

    • Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis.
    • End-use reclassifications of several commodities.
    • Recalculated seasonal and trading-day adjustments.
    • Newly available and revised source data on BOP adjustments, which are adjustments that BEA applies to goods on a Census basis to convert them to a BOP basis. See the “Goods (balance of payments basis)” section in the explanatory notes for more information.

    Revised statistics on trade in services will reflect:

    • Newly available and revised source data, primarily from BEA surveys of international services.
    • Corrections and adjustments to previously published not seasonally adjusted statistics.
    • Recalculated seasonal adjustments.
    • Revised temporal distributions of quarterly source data to monthly statistics. See the “Services” section in the explanatory notes for more information.

    For more information, see “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business.

    If you have questions or need additional information, please contact the Census Bureau, Economic Indicators Division, International Trade Macro Analysis Branch, on (800) 549-0595, option 4, or at eid.international.trade.data@census.gov or BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News –

  • MIL-OSI Global: Trump likes to know where his suits come from. His tariffs could now upend the world’s fashion supply chains

    Source: The Conversation – UK – By Arooj Rashid, Senior Lecturer in Marketing, Nottingham Trent University

    Rawpixel.com/Shutterstock

    US president Donald Trump has a particular look. Sharp navy suits, overly long ties and crisp white shirts, always structured to command attention. It’s a power uniform rooted in a very traditional idea of masculine elegance. Trump wants it to look expensive, meticulously crafted, consistent, and entirely his own.

    Behind the populist slogans and “Buy American” rhetoric, this president has long embraced symbols of global luxury. While he’s worn American tailoring from Brooklyn’s Martin Greenfield – a craftsman who has dressed everyone from Barack Obama to Colin Powell – he has also been a longstanding customer of Brioni, an exclusive Italian brand of tailored clothing.

    So, while campaigning for American-made goods Trump has for years enjoyed the prestige of the “Made in Italy” tag, and the luxurious connotations it brings to menswear.

    But his trade policies have done the opposite for the global fashion industry. By threatening massive trade tariffs on countries like China, Vietnam, Bangladesh, India and Pakistan, he has potentially created chaos for both the industry and consumers.

    Traditionally, what’s known as “country of origin” has been represented by the “made in” label, a key branding tool that can shape consumer perceptions of product quality and other attributes. However, as globalisation has led to the outsourcing of design, materials and production, the definition has become increasingly complex.

    “Designed in” and “country of brand origin” have come to define prestigious product qualities, while country image is used to reflect perceptions of a nation and its products. For example, “designed in Italy” often evokes craftsmanship and luxury in fashion goods. Similarly, Germany has a historical reputation for excellence in producing cars. And “Japanese brand origin” is associated with cutting-edge technology and reliability, particularly in electronics and vehicles.

    Two decades ago, as production costs in the US and Europe mounted, clothing production moved to Asia. While China has remained an important supplier, trade tensions saw production move to countries including Vietnam, India and Bangladesh in the early mid-2010s. But with the threat of new tariffs on these countries, brands are scrambling again.

    This time they have far fewer alternatives. And for companies that rely on the storytelling behind where a garment is made, this isn’t just a supply chain headache. It’s an identity crisis.

    ‘Made in Italy’ – like Trump’s Brioni suits – conveys more than just the country of manufacture.
    Northfoto/Shutterstock

    In fashion, a garment’s origin is not merely a logistical detail – it’s part of its identity. Labels like “made in Italy”, “made in India” or “made in Bangladesh” carry different connotations. These could be luxury and craftsmanship – embroidery skills, for example – or affordability at scale.

    Over time, brands have cultivated these country associations as part of their marketing strategies, shaping consumer perception and trust. The result is a strategic decision for fashion companies, which must now consider cost and efficiency and how changing suppliers might affect their brand’s perceived values and identity.

    For example, brands like H&M and Levi Strauss & Co. have promoted their ethical sourcing in India or partnerships in Pakistan due to their expertise. But now they risk being taxed extensively. So what is the solution?

    The impact on consumers

    The growing risk of new trade rules and tariffs is making it harder for countries that supply fashion goods to stay competitive.

    First, brands must re-assess globalisation of the fashion industry and develop alternative supply chains. While a quick shift may be possible for simpler fashion products, relocating production for more complex or premium goods is usually a long-term investment. As a result, brands will be investigating country images that are perceived to be trusted and trustworthy as trading partners.

    But one unexpected outcome of these policies may be the return of European production and the emergence of “safe” sourcing locations in countries less exposed to trading restrictions. This could be Portugal and Romania for mid-market clothing, and Italy for high-end fashion goods. These would be more predictable and offer a globally recognised brand image.

    Heritage clothing brand Barbour still manufactures some of its lines in the UK.
    Robert Way/Shutterstock

    For some companies, shifting production to Italy will allow them to maintain product prestige while avoiding some of the eye-watering tariffs threatened for some Asian countries. Meanwhile others may look to move back to the UK because of its association with younger, niche markets.

    This won’t necessarily make clothing cheaper for consumers. It does though offer a level of reassurance, especially for higher-end or mid-market labels looking to preserve their image amid instability.

    Trump’s own affinity for Brioni reflects this implicit value. Though his public rhetoric prioritised American manufacturing, his choice of a luxury Italian tailor speaks to a broader truth: country image matters. And in fashion, it can be everything.

    The consequences of these trade policies are now visible across the fashion ecosystem. For example, American brands like Everlane and Pact are built around affordability and transparency. They rely on production in south or south-east Asia, and now face the challenge of rising costs.

    Larger companies will be rethinking pricing strategies, renegotiating contracts or halting expansion in regions hardest hit by tariffs.

    For consumers, this could mean higher prices and reduced variety. The label inside a garment now tells a more complex story – not only of where it was made but also of the political and economic forces shaping global trade.

    Even if these tariffs are eventually reduced or reversed, the disruption they have caused has already left a mark. They have redefined the meaning and importance of country-of-origin labels, exposed the fragility of global supply chains, and placed new pressure on brands to balance ethics, economics and image in a volatile environment. In fashion, where identity is crafted through fabric and narrative, the story behind the label has never mattered more.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump likes to know where his suits come from. His tariffs could now upend the world’s fashion supply chains – https://theconversation.com/trump-likes-to-know-where-his-suits-come-from-his-tariffs-could-now-upend-the-worlds-fashion-supply-chains-255337

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Vice Premier of the State Council of the People’s Republic of China stressed the importance of in-depth study of Xi Jinping’s economic thought

    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 | 06. 05. 2025

    Keywords: PRC, CPC, Premier of the State Council of the People’s Republic of China, Economy, Jinping, Vice, Stressed, the Importance, of Guiding Economic Work, Strengthening the Unified, In-depth Study, of the, Party of the Central Committee, Ding Xuexiang, Efforts, Called, Tuesday

    BEIJING, May 6 (Xinhua) — Chinese Vice Premier Ding Xuexiang on Tuesday called for efforts to further study and implement Xi Jinping Thought on Economics and strengthen the CPC Central Committee’s unified centralized leadership of economic work. -0-

    Source: Xinhua

    Vice Premier of the State Council of the People’s Republic of China stresses the importance of in-depth study of Xi Jinping Thought on Economics Vice Premier of the State Council of the People’s Republic of China stresses the importance of in-depth study of Xi Jinping Thought on Economics

    MIL OSI Russia News –

  • MIL-OSI Russia: China sees 7.9% rise in interregional travel during May Day holiday

    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 6 (Xinhua) — During the May Day holiday from May 1 to 5, China’s interregional passenger travel volume totaled nearly 1.47 billion, up 7.9 percent from the same period in 2024, according to the Ministry of Transport.

    Broken down by transport mode, passenger traffic on rail transport reached 101.7 million person-times (an increase of 10.8 percent), while passenger traffic volumes by air, water and road transport amounted to 11.15 million, 8.61 million and 1.34 billion person-times with an annual increase of 11.8 percent, 23.8 percent and 7.6 percent, respectively.

    In China, the May Day holiday is traditionally one of the busiest tourist seasons of the year. The holiday period also boosts tourism and retail revenues. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Museum attendance hits record high in China during May Day holiday

    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 6 (Xinhua) — China’s museums received more than 60.49 million visitors during the five-day May Day holiday, hitting a new historical high in terms of visitation, up 17 percent year on year, according to the National Cultural Heritage Administration.

    According to the department, national archaeological parks have become one of the most popular tourist destinations: from May 1 to 5, the visitor flow to 55 such parks exceeded 3.31 million people-times, an increase of 2.3 percent year-on-year.

    Moreover, the tourist flow in 11 national archaeological parks, according to the data of the mentioned department, has exceeded the mark of 100 thousand people-times in each of them. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Pakistan tanker blast death toll rises to 20

    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

    ISLAMABAD, May 6 (Xinhua) — The death toll in a tanker blast in southwestern Pakistan’s Noshki district last week has risen to 20 after several people died from burns, local police said on Tuesday.

    Police said 17 of the seriously injured had died in the past four days while undergoing treatment at Liaquat National Hospital in Karachi, a southern port city.

    The blast occurred on April 28 in Noshki, a district of Balochistan province in southwestern Pakistan, after a petrol tanker caught fire during welding work.

    According to initial reports, the explosion killed the driver of the tanker truck and injured more than 60 people, many of whom suffered serious burns.

    Due to a shortage of medical facilities in the area, the provincial government airlifted 24 critically injured patients to Karachi for specialized treatment.

    In an attempt to prevent a major tragedy, the driver drove the tanker away from the cargo terminal. However, shortly before it exploded, a crowd gathered around the vehicle. –0–

    MIL OSI Russia News –

  • MIL-OSI China: Vice premier stresses enhanced study on Xi Jinping Thought on Economy

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

    BEIJING, May 6 — Chinese Vice Premier Ding Xuexiang on Tuesday urged efforts to deepen the understanding and implementation of Xi Jinping Thought on Economy, and strengthen the centralized and unified leadership of the Communist Party of China Central Committee over economic work.

    MIL OSI China News –

  • MIL-OSI China: Xi, EU leaders exchange congratulations on 50th anniversary of diplomatic ties

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

    BEIJING, May 6 — Chinese President Xi Jinping on Tuesday exchanged congratulations with European Council President Antonio Costa and European Commission President Ursula von der Leyen over the 50th anniversary of diplomatic ties between China and the European Union (EU).

    In his message, Xi said China and the EU are comprehensive strategic partners, two major forces promoting multi-polarization, two major markets supporting globalization and two major civilizations advocating diversity.

    Xi noted that since the establishment of their diplomatic ties 50 years ago, China and the EU have maintained close exchanges across various levels and sectors, saying that the accomplishments of their dialogue and cooperation are fruitful, cultural and people-to-people exchanges vibrant, and multilateral coordination productive.

    He added that China-EU relations have become one of the most influential bilateral relations in the world, contributing greatly to enhancing the well-being of their people, and promoting world peace and development.

    Noting that the world is undergoing accelerated changes unseen in a century and human society is once again at a critical crossroads, Xi said a healthy and stable China-EU relationship not only promotes mutual achievements, but also illuminates the world.

    Xi said he highly regards the development of China-EU relations, and is ready to work with Costa and von der Leyen to take the 50th anniversary of diplomatic relations as an opportunity to review the experience drawn from the development of ties, deepen strategic communication, enhance mutual understanding and trust, strengthen partnership, expand mutual openness, properly handle frictions and differences, and work toward an even brighter future for China-EU relations.

    He also called on both sides to remain committed to multilateralism, uphold fairness and justice, oppose unilateralism and bullying, join forces in addressing global challenges, and jointly build an equitable and orderly multipolar world and an inclusive economic globalization, so as to make greater contributions to world peace, stability, development and prosperity.

    For their part, EU leaders said over the past 50 years, China has achieved the most rapid and sustained economic growth in history, noting that the EU and China have forged extensive ties, become each other’s most important trading partners and contributed to the well-being of their people and the prosperity of their economies.

    Against the backdrop of global uncertainty and geopolitical shifts, the EU, they said, stands ready to deepen its partnership with China, strengthen exchanges and cooperation, uphold the purposes and principles of the United Nations Charter, work hand in hand to address common challenges, and promote global peace, security, prosperity and sustainable development.

    MIL OSI China News –

  • MIL-OSI China: CICG leads delegation to Foire de Paris 2025

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

    At the 119th Foire de Paris that kicked off on April 30, China International Communications Group (CICG) organized the 2025 “Souffle d’Orient” Chinese culture theme exhibition and a series of cultural exchange activities to showcase everything new and trendy in Chinese society and culture and foster people-to-people and cultural exchange.

    The Chinese culture theme exhibition is inaugurated at the 119th Foire de Paris on April 30, 2025. [Photo/CICG]

    Yu Tao, vice president of CICG; Irina Bokova, former director-general of UNESCO; Yang Xinyu, ambassador and permanent delegate of the People’s Republic of China to UNESCO; Carine Préterre, executive vice director of the Comexposium Group; Liang Ke, deputy secretary of the CPC Working Committee of the Administration of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone; Catherine Ruggeeri, chief supervisor of Cultural Industries, French Ministry of Culture; and Vincent Montagne, president of the Paris Book Festival, attended the opening ceremony and delivered speeches. Over 100 representatives from the cultural, art, publishing, and business communities of China and France participated in the event.

    Yu Tao, vice president of China International Communications Group (CICG), delivers a speech at the opening ceremony of the Chinese culture exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Yu said that exchange and mutual learning between the Chinese and European civilizations will not only solidify the public foundation for bilateral relations, but also serve as a global model, injecting stability into a turbulent world. Looking ahead, he emphasized the importance of promoting exchanges in education, science and technology, and culture, so that the seeds of peace can take root in people’s hearts around the world, enabling them to work together toward a brighter future for a community with a shared future for mankind, Yu said.

    Irina Bokova, former director-general of UNESCO, delivers a speech at the opening ceremony of the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Bokova said that both Chinese and European cultures are significant global forces with profound historical legacies. She said China’s participation in the Foire de Paris exemplifies that national rejuvenation begins with its cultural revival and awakening. Today, China places great emphasis on culture, which has become the bedrock and source of social harmony and innovative development in Chinese society. Dialogue between Chinese and French civilizations can bring positive energy to the progress of human civilization, Bokova said.

    Yang Xinyu, ambassador and permanent delegate of the People’s Republic of China to UNESCO, delivers a speech at the opening ceremony of the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Yang stated that culture is the soul of people and a bridge for interpersonal connections. UNESCO’s mission is to promote cultural diversity, and China has always attached great importance to cultural openness and inclusivity, Yang said. China’s participation in the Foire de Paris enables people to share their respective cultures and provides an excellent opportunity to promote mutual learning among different civilizations. This exhibition is not only a window showcasing China’s global cultural outreach but also an open invitation from China to people from across the world, Yang said.

    Carine Préterre, executive vice director of the Comexposium Group, delivers a speech at the opening ceremony of the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Préterre said that the Foire de Paris is the largest fair in France and across Europe. Since its inception in 1904, it has been dedicated to introducing cultures and innovations from around the world to the French public. She said her organization’s fruitful cooperation with CICG at the Foire de Paris embodies the friendship between China and France. She said she looks forward to the Chinese Culture Theme Exhibition introducing the charm of Chinese culture to French visitors.

    Liang Ke, deputy secretary of the CPC Working Committee of the Administration of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, delivers a speech at the opening ceremony of the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Liang said that Shenzhen, positioned at the forefront of China’s reform and opening-up, stands as a vibrant, innovative, and captivating international metropolis. She said that, at the Foire de Paris, the city is delighted to promote two cultural tourism projects: the Shenzhen Qianhai Huafa Snow World, the world’s largest indoor ski resort, and the Bay Area Store of Shenzhen Book City, China’s largest cultural complex dedicated to books. Qianhai, with its openness and innovation, is reaching out to the world. She said that friends from all sectors are cordially invited to experience Qianhai’s appeal and seize the opportunities for shared development.

    Catherine Ruggeeri, chief supervisor of Cultural Industries, French Ministry of Culture, delivers a speech at the opening ceremony of the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    Ruggeeri said that this year marks the 50th anniversary of EU-China diplomatic relations. Amidst a volatile and ever-changing international landscape, cultural dialogue is of paramount importance in nurturing EU-China relations. Both sides should remain committed to strengthening people-to-people exchanges and the development of cultural and creative industries through pragmatic cooperation platforms like the Foire de Paris, so as to inject new cultural vitality into the friendship between China and France, Ruggeeri said.

    Vincent Montagne, president of the Paris Book Festival, delivers a speech. [Photo/CICG]

    Montagne said that while the internet and modern technology have posed significant challenges to books, the number of new books published over the past two decades has surpassed the entire volume of publications before that period, with a historic number of manuscripts submitted by young authors. “Light still resides within books,” he said. Montagne said he looks forward to in-depth collaboration with Chinese publishing houses to jointly drive the prosperity and development of the book market.

    The exhibition features seven themed zones: Themed Books, Cultural and Creative Products from the National Museum of China, Panda Culture, Hehe Culture, Central Plains Culture, Sanjin Culture, and Science and Technology Innovation Culture. Approximately 2,000 exhibits are on display, spanning five categories: books, cultural and creative products, artworks, porcelain and ceramics, and sci-tech innovations. 

    Notable exhibits include the multilingual series of “Keywords to Understand China,” “Xingbao the Giant Panda,” “Nezha Conquers the Dragon King,” and “Hanshan’s Poems” among the books; panda-themed merchandise, Taizhou Embroidery apparel from Zhejiang province, mulberry silk embroidery, Jinqing straw-woven products, Shanxi iron teapots, Yigenteng table screens, and the intangible cultural heritage Ni Gugu (clay sculpture) among cultural and creative products; Linhai paper-cuttings, mortise and tenon structural components, crystal-carved plates featuring the “Two Hehe Sages,” glass artworks of “Hanshan and Shide,” and traditional costumes from the “Blue Rhythm and Brocade Memories” collection among artworks; and AI translation devices and AI photo frames among sci-tech innovations.

    Cultural performance is staged at the Chinese culture theme exhibition in Paris, France, April 30, 2025. [Photo/CICG]

    During the exhibition, various themed promotional events were hosted, such as the Shenzhen Theme Day and the Henan Theme Day, featuring intangible cultural heritage performances and cultural shows. These events attracted nearly 10,000 visitors and garnered enthusiastic responses.

    On the opening day, Steven Abajoli, chairman of the Organizing Committee of the Foire de Paris, presented the Honorary Contribution Award to CICG. He commended CICG for meticulously crafting an exquisite exhibition pavilion, presenting a diverse array of cultural products, and organizing creative cultural performances, all of which brought the distinctive appeal of Chinese culture to the Foire de Paris and the French public. This marked the third consecutive year that CICG has received this accolade.

    China Pavilion. [Photo/CICG]

    Founded in 1904, the Foire de Paris is one of the world’s oldest, largest, and most prestigious comprehensive exhibitions. After three years of dedicated efforts, the “Souffle d’Orient” Chinese culture theme exhibition, organized and curated by CICG, has emerged as a highlight at the Foire de Paris, garnering positive public acclaim.

    MIL OSI China News –

  • MIL-OSI Global: As Warren Buffett prepares to retire, does his investing philosophy have a future?

    Source: The Conversation – Global Perspectives – By Angel Zhong, Professor of Finance, RMIT University

    Warren Buffett, the 94-year-old investing legend and chief executive of Berkshire Hathaway, has announced plans to step down at the end of this year.

    His departure will mark the end of an era for value investing, an investment approach built on buying quality companies at reasonable prices and holding them for the long term.

    Buffett’s approach transformed Berkshire Hathaway from a small textile business in the 1960s into a giant conglomerate now worth more than US$1.1 trillion (A$1.7 trillion).

    He built his fortune backing US industry in energy and insurance and American brands, including big stakes in household names such as Coca-Cola, American Express and Apple.

    At Berkshire’s annual meeting at the weekend, held in an arena with thousands of devoted investors, Buffett named Greg Abel as his successor.

    Abel, 62, is currently chairman and chief executive of Berkshire Hathaway Energy, as well as vice chairman of Berkshire Hathaway’s vast non-insurance operations.

    He’s known for his disciplined, no-nonsense management style. The company’s board has now voted unanimously to approve the move.

    This changing of the guard comes at a pivotal moment. Donald Trump’s return to the US presidency has already delivered significant economic policy shifts.

    Meanwhile, questions about US economic dominance grow louder against China’s continued rise.

    The ‘Oracle of Omaha’

    Few names command as much respect in the world of finance as Warren Buffett. Born in Omaha, Nebraska, in 1930, Buffett displayed an early genius for numbers and investing. He bought his first stock at age 11.

    His investment philosophy – buying undervalued companies with strong fundamentals – would later earn him the nickname the “Oracle of Omaha” for his uncanny ability to predict market trends and identify winning investments years before others did.

    Value investing

    Buffett drew his investment approach from the value investment principles of British-born US economist Benjamin Graham.

    He preferred businesses with lasting advantages and a clear value proposition. Some of his key investments included insurance company GEICO, railroad company BNSF, and more recently Chinese electric vehicle maker BYD.

    He avoided speculative bubbles (such as the dotcom bubble of the late 1990s and, more recently, cryptocurrencies) and preached long-term patience to investors. As he famously wrote in a 1988 letter to shareholders:

    In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

    Buffett’s guidance helped Berkshire navigate many economic booms and recessions. Over his six decades at the helm, the company delivered impressive compounded annual returns of almost 20% – virtually double those of the S&P 500 index.

    Beyond financial success, Buffett championed ethical business practices and pledged to donate more than 99% of his wealth through the Giving Pledge, which he cofounded with Bill Gates and Melinda French Gates.



    Read more:
    How Warren Buffett’s enormous charitable gifts reflect the ‘inner scorecard’ that has guided him up to the billionaire’s planned retirement

    Challenges to Buffett’s strategy in today’s world

    In an op-ed for the New York Times in 2008, Buffett famously shared the maxim that guides his investment decisions:

    Be fearful when others are greedy, and be greedy when others are fearful.

    But his strategy thrived in an era of increasing globalisation, free trade, and US economic supremacy. The world has shifted since Buffett’s heyday.

    There are concerns about the recent underperformance of value investing. Technology companies now dominate older industries.

    This raises questions about whether those who succeed Buffett can spot the next major industry disruptors.

    America first?

    Trump’s return as US president heralds major changes in economic policy. Trade restrictions might hurt some of Berkshire’s international investments. However, these same policies might benefit Buffett’s US-focused investments.

    The idea of US economic superiority also faces new questions. China may overtake the US economy in the 2030s. The US share of global economic output has fallen from about 22% in 1980 to about 15% today.

    Buffett’s “never bet against America” mantra faces new scrutiny.

    Warren Buffett discusses trade deficits and protectionism on May 3.

    The challenges for Buffett’s successor

    Abel inherits a company with about US$348 billion (A$539 billion) in cash. That’s a serious amount of capital to deploy wisely amid global economic uncertainty and Trump’s trade war.

    Abel will likely maintain Berkshire’s core values while updating its approach. His challenges include:

    1. Maintaining the “Buffett premium”: Abel lacks Buffett’s cult-like following among investors, which may gradually erode the additional value the market assigns to Berkshire due to Buffett’s leadership.

      Without Buffett’s reputation, Abel may face increased pressure to effectively deploy Berkshire’s massive cash pile in a still-expensive stock market, where valuations are high and finding bargains is harder than ever.

    2. Technological adaptation: while Berkshire has increased its technology investments over the years (including positions in Apple and Amazon), balancing its legacy holdings (such as Coca-Cola and railroads) with growth sectors (AI, renewables) remains challenging.

    3. Environmental concerns: Berkshire Hathaway’s heavy reliance on coal and gas-fired utilities has drawn growing criticism as investors and regulators demand cleaner energy solutions.

    4. Replicating the “golden touch”: Buffett’s genius wasn’t just in picking stocks. It was also in capital allocation, deal-making, and crisis management (for example, buying into Goldman Sachs during the global financial crisis). Can Abel replicate that?

    After Buffett

    Buffett’s principles – patience, intrinsic value and betting on America – are timeless. But the world has moved on. His successor must navigate geopolitical risks, technological disruption, and the rise of passive investing while preserving Berkshire’s unique culture.

    The post-Buffett era represents more than just a leadership change. It’s a test of whether Buffett’s principles can survive in an increasingly short-term, technology-dominated, and geopolitically complex world.

    Abel’s leadership will reveal the enduring power – or limitations – of Buffett’s philosophy.

    Angel Zhong 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. As Warren Buffett prepares to retire, does his investing philosophy have a future? – https://theconversation.com/as-warren-buffett-prepares-to-retire-does-his-investing-philosophy-have-a-future-255867

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: A relatively dry and bright April

    Source: Hong Kong Government special administrative region

         With drier northeast monsoon affecting Hong Kong for most of the time and less moisture supply to the coast of southern China in the month, April 2025 was drier than usual in Hong Kong. The monthly mean relative humidity was 74 per cent, the second lowest on record for April since 1947. Moreover, the total rainfall in the month was 57.1 millimetres, only about 37 per cent of the normal of 153.0 millimetres. The accumulated rainfall recorded in the first four months of the year was 125.5 millimetres, about 42 per cent of the normal of 300.4 millimetres for the same period. The month was also sunnier than usual. The monthly total sunshine duration was 155.6 hours, about 37 per cent above the normal of 113.2 hours. April 2025 was warmer than usual with a mean temperature of 23.7 degrees, 0.7 degrees above the normal of 23.0 degrees.

         Under the influence of the northeast monsoon and a broad band of clouds covering southern China, the weather was mainly cloudy and cold with one or two light rain patches on the morning of the first day of the month. The temperatures at the Observatory fell to a minimum of 12.9 degrees that morning, the lowest of the month. With the band of clouds thinning out, there were sunny periods during the day. The weather became fine and dry the next day. Under the influence of a dry easterly airstream, it remained fine and very dry on the afternoon of April 3. While it was generally fine at first on April 4, a band of clouds gradually covered the coast of Guangdong, leading to cloudier weather that afternoon and the following two days. There were occasional showers on April 5, with around 10 millimetres of rainfall recorded over many places. With the band of clouds thinning out, the weather became mainly fine on April 7. It was dry and rather warm during the day. Winds were weak over the coast of Guangdong on April 8 and 9. The weather in Hong Kong was rather warm with sunny periods.

         A southerly airstream brought humid weather in the following three days. Locally, there were fog patches on the morning of April 11, with the visibility in the harbour once falling below 1 000 metres. Moreover, a trough of low pressure over northern Guangdong developed into a cold front on the morning of April 12. As the cold front edged closer to the coastal region, local showers increased with a few squally thunderstorms that afternoon. More than 10 millimetres of rainfall was recorded over many places, and rainfall even exceeded 20 millimetres over Tai Po District. The cold front moved across the coastal areas around that evening. Under the influence of the associated intense and dry northeast monsoon, showers eased off with temperatures falling gradually that night. Strong northerly winds also affected many parts of Hong Kong that night and at first the next day, with winds occasionally reaching gale force offshore and on high ground. The intense monsoon also transported sand and dust southwards from Mongolia and brought widespread sandstorms to many inland areas in China. Under the influence of the very dry continental airstream and the sand and dust weather, the weather was very dry with visibility slightly dropping to around 5 to 6 kilometres over parts of the territory from April 13 to 15. The relative humidity over many places on these three days fell below 40 per cent. The relative humidity recorded at the Observatory on April 13 once fell to 21 per cent, the lowest record in April since the establishment of the automatic weather station at the Observatory’s Headquarters in 1984. With plenty of sunshine and weaker winds on April 15, the temperatures at the Observatory soared to a maximum of 33.0 degrees that afternoon, the highest of the month. It also marked the earliest occurrence of very hot weather in a year and the second highest maximum temperature for April on record.

         An easterly airstream affected the coast of Guangdong on April 16 and 17. While the local weather was mainly fine and dry during the day on April 16, it became mainly cloudy the next day with coastal fog in the morning and at night. The visibility at Waglan Island once fell below 1 000 metres. With a humid southerly airstream replacing the easterly airstream that afternoon, the weather was cloudy with a few showers in the following two days. There was coastal fog from April 18 to 21. The southerly airstream continued to affect the coast of Guangdong and brought hot weather to Hong Kong from April 20 to 24. The maximum temperature recorded at the Observatory was 30.6 degrees on April 20, making it one of the warmest day of Easter on record.

         A trough of low pressure affected inland Guangdong on April 24 and edged closer to the coastal areas in the evening, bringing showers and a few squally thunderstorms that night and the next day. Showers were heavy on the morning of April 25. More than 30 millimetres of rainfall was recorded over many places, and rainfall even exceeded 50 millimetres over the eastern part of Hong Kong Island, Kwun Tong and Tseung Kwan O. With a fresh to strong easterly airstream setting in that night, the weather was cloudy with a few showers and became cooler in the following two days. There were also fog patches on April 27. The visibility at Waglan Island once fell below 1 000 metres. Another trough of low pressure over inland Guangdong edged closer to the coastal areas gradually that night. Apart from coastal fog on the morning of April 28, there were showers and one or two thunderstorms that day with rainfall exceeding 10 millimetres over many places, and around 30 millimetres of rainfall was even recorded over the northern part of the New Territories. Affected by a relatively dry easterly airstream, the weather was generally fine on the last two days of the month.

         There was no tropical cyclone over the South China Sea and the western North Pacific in April 2025.

         Details of issuance and cancellation of various warnings/signals in the month are summarised in Table 1. Monthly meteorological figures and departures from normal for April are tabulated in Table 2.

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Latest news – Meeting of 8 May 2025 jointly with D-US Delegation – Delegation for relations with the People’s Republic of China

    Source: European Parliament

    The China Delegation (D-CN) will hold an ordinary meeting jointly with the United States Delegation (D-US) on Thursday 8 May 2025 at 9:00-10:30 in Strasbourg.

    The meeting will focus on the US-Europe-China triangle in an increasingly multipolar world with:

    • Mr Niklas Kvarnström, Managing Director for Asia and Pacific, EEAS; and
    • Mr François Godement, Special Advisor and Resident Senior Fellow – U.S. and Asia, Institute Montaigne.

    The meeting will be held in camera.

    MIL OSI Europe News –

  • MIL-OSI Russia: China’s representative calls for strengthening international cooperation in peaceful use of outer space

    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

    VIENNA, May 6 (Xinhua) — China calls for strengthening international cooperation in the peaceful uses of outer space and continuously improving global governance, Li Song, China’s permanent representative to the United Nations Office and other international organizations in Vienna, said at the 64th session of the Legal Subcommittee of the Committee on the Peaceful Uses of Outer Space on Monday.

    According to him, space technology is currently changing the way humanity explores the universe at an unprecedented speed, while creating new challenges for global space governance. The international community must adhere to true multilateralism and oppose any form of unilateralism and bullying, Li Song noted.

    The diplomat said China has been actively carrying out international cooperation in space and sharing its achievements in space exploration with the international community. For example, the first batch of experimental projects selected through China’s cooperation with the United Nations Office for Outer Space Affairs are being carried out on board the Chinese space station, he said.

    Li Song said China is willing to make greater contributions to the peaceful use of outer space and improving global governance so that the results of space exploration can benefit all of humanity, especially the Global South. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: F. Merz did not receive the required majority of votes in the Bundestag in the vote for the post of German Chancellor

    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 | 06. 05. 2025

    Keywords: post of chancellor of germany, majority of votes, merz, bundestag, received, voting, election as chancellor, democratic union, votes, christian, enough, will take place, policy, necessary, collected, candidate

    BERLIN, May 6 (Xinhua) — Friedrich Merz, the Christian Democratic Union’s candidate for German chancellor, fell short of the required majority in the Bundestag election on Tuesday, falling six votes short of the 316 needed to be elected chancellor.

    Numerous German media outlets have suggested that there will be no second round of voting on Tuesday. –0–

    Source: Xinhua

    F. Merz did not receive the required majority of votes in the Bundestag when voting for the post of German Chancellor F. Merz did not receive the required majority of votes in the Bundestag when voting for the post of German Chancellor

    MIL OSI Russia News –

  • MIL-OSI: Enlight Renewable Energy Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted

    TEL AVIV, Israel, May 06, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the first quarter of 2025 ending March 31, 2025. Registration links for the Company’s earnings English and Hebrew conference call and webcasts can be found at the end of this earnings release.

    Financial Highlights

    3 months ending March 31, 2025

    • Revenues and income of $130m, up 39% year over year
    • Adjusted EBITDA1 of $132m, up 84% year over year
    • Net income of $102m, up 316% year over year
    • Cash flow from operations of $44m, up 24% year over year
      For the three months ended
     ($ millions) 31/03/2025 31/03/2024 % change
    Revenues and Income 130 94 39%
    Net Income 102 24 316%
    Adjusted EBITDA 132 72 84%
    Cash Flow from Operating Activities 44 35 24%

    ________________________
    1 The Company is unable to provide a reconciliation of Adjusted EBITDA to Net Income on a forward-looking basis without unreasonable effort because items that impact this IFRS financial measure are not within the Company’s control and/or cannot be reasonably predicted. Please refer to the reconciliation table in Appendix 2

    • In January 2025, the Company announced the sale of 44% of the Sunlight cluster of renewable energy projects in Israel for a consideration of $52m at a valuation of $119m, and deconsolidated the cluster from its balance sheet. The transaction added $42m to Adjusted EBITDA (actual consideration received less the book value of the associated assets) and $80m to net profit in the 1Q25 results.
    • A detailed analysis of financial results appears below

    Impact of U.S. Tariffs on the Company’s Operations

    Enlight’s procurement strategy has effectively mitigated significant exposure to increased U.S. import tariffs. The agreements and good relationships we have with our supply chain partners allow for a significant distribution of the impact of tariffs.

    Costs

    • Solar panels for projects under construction are either domestically constructed or sourced from outside China and carry no tariff exposure
    • 80% of battery capacity for projects under construction is supplied by Tesla, a supplier with high levels of domestic U.S. manufacturing

    Revenues

    • Negotiations for PPA price adjustments are now underway to account for higher tariff-related construction costs

    “Enlight showed strong financial results for 1Q25, including 84% growth in Adjusted EBITDA and a 316% rise in net profit,” said Gilad Yavetz, CEO of Enlight Renewable Energy.

    “The introduction of U.S. tariffs underscores how Enlight’s diversified procurement strategy in this market over the past two years has proven itself, effectively shielding us from cost increases. As a result, our U.S. projects now under construction, with total capex of $1.7bn, have no solar panel exposure under the current tariff policy. Selecting Tesla as our primary storage supplier further strengthens this position – its substantial levels of U.S. manufacturing offer greater tariff protection than other battery suppliers.

    “Securing $1.8bn in financing over recent months marks a significant milestone, and was achieved through three financial closings, a sale of a stake in the Sunlight cluster to institutional investors, and a successful bond issuance. This funding will enable the launch of our aggressive plan to begin construction on 4.7 FGW of capacity in 2025. Combined with our existing operating portfolio, these projects represent 90% of the capacity required to reach an annual revenue and income run rate of $1.4bn by 2027.”

    Portfolio Review

    • Enlight’s total portfolio is comprised of 19.2 GW of generation capacity and 49.8 GWh storage (33.4 FGW2)
    • Of this, the Mature portfolio component (including operating projects, projects under construction or pre-construction) contains 6.1 GW generation capacity and 8.8 GWh of storage (8.6 FGW)
    • Within the Mature portfolio component, the operating component has 2.5 GW of generation capacity and 1.9 GWh of storage (3.0 FGW)

    The full composition of the portfolio appears in the following table:

    Component Status FGW2 Annual revenues &
    income run rate ($m)
    Operating Commercial operation 3.0 ~5003
    Under Construction Under construction 1.8 ~305
    Pre-Construction 0-12 months to start of construction 3.8 ~615
    Total Mature Portfolio Mature 8.6 1,420~
    Advanced Development 13-24 months to start of construction 7 –
    Development 2+ years to start of construction 17.8 –
    Total Portfolio   33.4 –

    ________________________
    2 FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5
    3 Based on the midpoint of 2025 guidance.

    • Operating component of the portfolio: 3 FGW
      • The operational portfolio totals 3 GW of capacity is spread over three regions: 44% of the capacity is located in 7 European countries, 29% is located in Israel, and 27% in the U.S.
      • 81% of the operational capacity sells electricity under PPA agreements, with 29% of the power sold under inflation-linked PPAs.
      • The operational portfolio generates annualized revenues and income of approximately $500 million.
         
    • Under Construction component of the portfolio: 1.8 FGW
      • Consists of three projects in the U.S. with a total capacity of 1.4 FGW; the Gecama Solar project in Spain with a capacity of 0.3 FGW; the solar and storage cluster in Israel; and the addition of storage capacity at project Bjornberget in Sweden. Approximately half of the cluster is expected to reach COD in 2025, with the rest expected to commission in 2026.
      • Projects under construction are expected to contribute $305m to the annual revenues and income run rate during their first full year of operation
         
    • Pre-construction component of the portfolio: 3.8 FGW
       
      • Two mega projects in the U.S., Snowflake and CO Bar, with a combined capacity of 2.6 FGW will begin construction in 2025 and are expected to contribute $455m to revenues and income on an annualized basis.
      • Nardo, a stand alone storage project in Italy with a capacity of 0.25 FGW, is expected to begin construction in 2H25. The Pre-construction portion of the Mature portfolio includes additional projects in Israel, Hungary, and the US with a combined capacity of 0.9 FGW.
      • Pre-construction projects are expected to contribute $615m in revenues and income in their first full year of operations.

        The under construction and pre-construction projects are expected to reach COD by the end of 2027, which is expected to boost operating capacity to 8.6 FGW and the annualized revenue and income run rate to $1.4bn.

    • Advanced Development component of the portfolio component: 7 FGW
      • 5.7 FGW in the U.S., with 100% of the capacity having passed completion of the System Impact Study, the most important study of the grid connection process, significantly de-risking the portfolio.
      • The U.S. pipeline includes several mega-projects, including the 1.4 FGW Cedar Island facility in Oregon and the 1.1 FGW Blackwater project in Virginia.
      • The U.S. portfolio includes several follow-ons to Mature projects, such as Atrisco 2 (0.7 FGW), the energy storage expansion at CO-Bar (0.9 FGW), and Snowflake B (1.3 FGW).
      • These projects reflect the Company’s “Connect and Expand” strategy, leveraging existing grid infrastructure with the development of new ones, thereby reducing construction costs and project risks while improving project returns.
      • 0.7 FGW in Europe, focused on Italy, Spain, and Croatia.
      • 0.6 FGW in MENA, focused on solar and storage projects and stand alone storage facilities, including approximately 0.4 FGW that won availability tariffs as part of the Israel Electricity Authority’s first high voltage storage availability tariff tender.
         
    • Development component of the portfolio: 17.8 FGW
      • 12 FGW in the U.S. with broad geographic presence, including the PJM, WECC, SPP and MISO regions. The storage portion of the US portfolio has grown by 5.6 FGW to reflect greater demand for energy storage in this region.
      • 3 FGW in Europe, focused on Italy, Spain, Croatia and entry into stand-alone storage operations in Poland.
      • 2.8 FGW in MENA, focused on solar combined storage projects and stand-alone storage facilities.

    Mature Portfolio Components Expected to Generate Annualized Revenues and Income of ~$1.4bn4,5

    ________________________
    4 Projection based on 2025 guidance, adding on total revenues and income (sales of electricity and tax benefits) of under construction and pre-construction projects
    5 The company’s revenues from tax benefits are estimated at approximately 20-24% of the total revenue run rate for December 2025; approximately 22-26% of the total revenue run rate for December 2026, and approximately 26-30% of the total revenue run rate for December 2027

    Financing Activities

    • During the quarter, the Company secured $1bn in financial closings for the Country Acres and Quail Ranch projects, representing 830 FMW of combined capacity.
    • Along with the financial close on the 560 FMW Roadrunner project in December 2024, the financing for the second wave of U.S. projects in now complete, with a total of $1.5bn raised.
    • Raising $245m through the sale of Series G and H bonds to finance the Company’s growth.
    • Sale of 44% of the Sunlight cluster for $52m cash at a valuation of $119m, generating Adjusted EBITDA of $42m (actual consideration received less associated book value of assets) and a pre-tax profit of $97m.
    • As of the balance sheet date, the Company maintained $350m of revolving credit facilities, of which none have been drawn.

    2025 Guidance

    Construction and commissioning

    • Expected commissioning of 0.9 FGW of capacity, which is expected to add approximately $148-152m to annualized revenues and income and $129-133m annualized EBITDA, starting in 2026.
    • Starting construction on 2.9 FGW of capacity, which is expected to add approximately $487-495m in annualized revenues and income and approximately $428-436m in annualized EBITDA gradually through 2026-2027.

    Financial guidance

    • Total revenues and income6 for 2025 are expected to range between $490m and $510m. Of the projected revenues and income, 38% are expected to be denominated in ILS, 35% in EUR, and 27% in USD.
    • Adjusted EBITDA7 for 2025 is expected to range between $360m and $380m.
    • Approximately 90% of the electricity volumes expected to be generated in 2025 will be sold at fixed prices through PPAs or hedges.

    ________________________
    6 Total revenues and income include revenues from the sale of electricity along with income from tax benefits from US projects amounting to $60m-80m.
    7 EBITDA is a non-IFRS financial measure. The Company is unable to provide a reconciliation of EBITDA to Net Income on a forward-looking basis without unreasonable effort because items that impact this IFRS financial measure are not within the Company’s control and/or cannot be reasonably predicted. Please refer to the reconciliation table in Appendix 2.

    Financial Results Analysis

    Revenues & Income by Segment
    ($ millions) For the three months ended  
    Segment 31/03/2025 31/03/2024 % change
    MENA 42,867 28,474 51%
    Europe 51,384 59,160 (13%)
    U.S. 34,789 4,495 674%
    Other 829 1,532 (46%)
    Total Revenues & Income 129,869 93,661 39%


    Revenues & Income

    In the first quarter of 2025, the Company’s total revenues and income increased to $130m, up from $94m last year, a growth rate of 39% year over year. This was composed of revenues from the sale of electricity, which rose 21% to $110m compared to $90m in the same period of 2024, as well as recognition of $20m in income from tax benefits, up 516% compared to $3m in 1Q24.

    The Company benefited from the revenues and income contribution of newly operational projects. Since the first quarter of last year, 576 MW and 1,526 MWh of new projects were connected to the grid and began selling electricity, including seven of the Israel Solar and Storage Cluster units in Israel, Atrisco in the U.S, Pupin in Serbia, and Tapolca in Hungary. The most important increases in revenue from the sale of electricity originated at Atrisco, which added $13m, followed by the Israel Solar and Storage Cluster, with $11m, while Pupin contributed $6m. In total, new projects contributed $30m to revenues from the sale of electricity.

    Offsetting this growth, the amount of electricity generated at our wind projects operating in Europe was lower compared to the same period last year mainly due to weaker wind volumes. In addition, generation at project Bjornberget in Sweden this quarter fell compared to last year due to a blade malfunction experienced at one of the site’s turbines. This prompted a complete shutdown of the wind farm, which is now in the process of gradually resuming operations. The Company recognized compensation of $4m from Bjornberget’s operating contractor in lieu of the lost revenues, which is recorded in other income.

    Revenues and income were distributed between MENA, Europe, and the US, with 34% denominated in Israeli Shekel, 39% in Euros, and 27% denominated in US Dollars.

    Net Income

    In the first quarter of 2025, the Company’s net income amounted to $102m compared to $24m last year, an increase of 316% year over year. This increase stems from the $28m increase in revenues and income and $80m profit from the partial sale of the Sunlight cluster. This was offset by higher total operating expenses of $17m and net financial expenses of $10m (all after tax).

    Adjusted EBITDA8

    The Company’s Adjusted EBITDA grew by 84% to $132m in the first quarter of 2025, compared to $72m for the same period in 2024. Of this increase, $36m was driven by the factors described in the Revenues and Income section. The partial sale of the Sunlight cluster contributed $42m, representing the actual consideration received less the book value of the associated assets. Offsetting this growth was an increase of $11m in COGS linked to the addition of new projects, and an increase of $4m in operating expenses. Adjusting for the effects of this transaction, 1Q25 Adjusted EBITDA grew by 25% year-on-year to $90m.

    ________________________
    8 Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income

    Conference Call Information

    Enlight plans to hold its First Quarter 2025 Conference Call and Webcasts on Tuesday, May 6, 2025 to review its financial results and business outlook in both English and Hebrew. Management will deliver prepared remarks followed by a question-and-answer session. Participants can join by dial-in or webcast:

    Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

    The press release with the financial results as well as the investor presentation materials will be accessible from the Company’s website prior to the conference call. Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website at https://enlightenergy.co.il/info/investors/.

    Supplemental Financial and Other Information

    We intend to announce material information to the public through the Enlight investor relations website at https://enlightenergy.co.il/info/investors, SEC filings, press releases, public conference calls, and public webcasts. We use these channels to communicate with our investors, customers, and the public about our company, our offerings, and other issues. As such, we encourage investors, the media, and others to follow the channels listed above, and to review the information disclosed through such channels. Any updates to the list of disclosure channels through which we will announce information will be posted on the investor relations page of our website.

    Non-IFRS Financial Measures

    This release presents Adjusted EBITDA, a financial metric, which is provided as a complement to the results provided in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). A reconciliation of the non-IFRS financial information to the most directly comparable IFRS financial measure is provided in the accompanying tables found at the end of this release.

    We define Adjusted EBITDA as net income (loss) plus depreciation and amortization, share based compensation, finance expenses, taxes on income and share in losses of equity accounted investees and minus finance income and non-recurring portions of other income, net. For the purposes of calculating Adjusted EBITDA, compensation for inadequate performance of goods and services procured by the Company are included in other income, net. Compensation for inadequate performance of goods and services reflects the profits the Company would have generated under regular operating conditions and is therefore included in Adjusted EBITDA. With respect to gains (losses) from asset disposals, as part of Enlight’s strategy to accelerate growth and reduce the need for equity financing, the Company sells parts of or the entirety of selected renewable project assets from time to time, and therefore includes realized gains or losses from these asset disposals in Adjusted EBITDA. In the case of partial assets disposals, Adjusted EBITDA includes only the actual consideration less the book value of the assets sold. Our management believes Adjusted EBITDA is indicative of operational performance and ongoing profitability and uses Adjusted EBITDA to evaluate the operating performance and for planning and forecasting purposes.

    Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under IFRS. There are a number of limitations related to the use of non-IFRS financial measures versus comparable financial measures determined under IFRS. For example, other companies in our industry may calculate the non-IFRS financial measures that we use differently or may use other measures to evaluate their performance. All of these limitations could reduce the usefulness of our non-IFRS financial measures as analytical tools. Investors are encouraged to review the related IFRS financial measure, Net Income, and the reconciliations of Adjusted EBITDA provided below to Net Income and to not rely on any single financial measure to evaluate our business.

    Special Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s business strategy and plans, capabilities of the Company’s project portfolio and achievement of operational objectives, market opportunity, utility demand and potential growth, discussions with commercial counterparties and financing sources, pricing trends for materials, progress of Company projects, including anticipated timing of related approvals and project completion and anticipated production delays, the Company’s future financial results, expected impact from various regulatory developments and anticipated trade sanctions, expectations regarding wind production, electricity prices and windfall taxes, and Revenues and Income and Adjusted EBITDA guidance, the expected timing of completion of our ongoing projects, and the Company’s anticipated cash requirements and financing plans , are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions.

    These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; disruptions in trade caused by political, social or economic instability in regions where our components and materials are made; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; exposure to market prices in some of our offtake contracts; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives or benefits for, or regulations mandating the use of, renewable energy; our ability to effectively manage the global expansion of the scale of our business operations; our ability to perform to expectations in our new line of business involving the construction of PV systems for municipalities in Israel; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, the impact of tariffs on the cost of construction and our ability to mitigate such impact, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with increasingly complex tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel, including the ongoing war in Israel, where our headquarters and some of our wind energy and solar energy projects are located; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”), as may be updated in our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    About Enlight

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023.

    Company Contacts

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Appendix 1 – Financial information

    Consolidated Statements of Income    
        For the three months ended at
    March 31
        2025   2024(*)
        USD in   USD in 
        Thousands   Thousands
             
    Revenues   109,758   90,397
    Tax benefits   20,111   3,264
    Total revenues and income   129,869   93,661
             
    Cost of sales (**)   (26,638)   (15,436)
    Depreciation and amortization   (33,789)   (25,604)
    General and administrative expenses   (11,846)   (8,859)
    Development expenses   (2,564)   (2,418)
    Total operating expenses   (74,837)   (52,317)
    Gains from projects disposals   97,262   27
    Other income (expenses), net   (1,105)   1,517
    Operating profit   151,189   42,888
             
    Finance income   6,695   8,065
    Finance expenses   (30,203)   (19,493)
    Total finance expenses, net   (23,508)   (11,428)
             
    Profit before tax and equity loss   127,681   31,460
    Share of losses of equity accounted investees   (1,227)   (144)
    Profit before income taxes   126,454   31,316
    Taxes on income   (24,651)   (6,831)
    Profit for the period   101,803   24,485
             
    Profit for the period attributed to:        
    Owners of the Company   94,458   16,763
    Non-controlling interests   7,345   7,722
        101,803   24,485
    Earnings per ordinary share (in USD) with a par value of        
    NIS 0.1, attributable to owners of the parent Company:        
    Basic earnings per share   0.80   0.14
    Diluted earnings per share   0.75   0.14
    Weighted average of share capital used in the        
    calculation of earnings:        
    Basic per share   118,783,541   117,963,310
    Diluted per share   125,316,177   122,889,909
             

    (*) The Consolidated Statements of Income have been adjusted to present comparable information for the previous period. For additional details please see Appendix 8.
    (**) Excluding depreciation and amortization.

    Consolidated Statements of Financial Position as of        
             
        March 31   December 31
        2025   2024
        USD in   USD in
        Thousands   Thousands
    Assets        
             
    Current assets        
    Cash and cash equivalents   449,530   387,427
    Restricted cash   82,692   87,539
    Trade receivables   73,125   50,692
    Other receivables   71,475   99,651
    Other financial assets   405   975
    Assets of disposal groups classified as held for sale   –   81,661
    Total current assets   677,227   707,945
             
    Non-current assets        
    Restricted cash   59,964   60,802
    Other long-term receivables   62,092   61,045
    Deferred costs in respect of projects   392,119   357,358
    Deferred borrowing costs   61   276
    Loans to investee entities   32,329   18,112
    Investments in equity accounted investees   49,303   –
    Fixed assets, net   3,961,021   3,699,192
    Intangible assets, net   293,035   291,442
    Deferred taxes assets   8,023   10,744
    Right-of-use asset, net   210,739   210,941
    Financial assets at fair value through profit or loss   74,555   69,216
    Other financial assets   63,903   59,812
    Total non-current assets   5,207,144   4,838,940
             
    Total assets   5,884,371   5,546,885
             
    Consolidated Statements of Financial Position as of (Cont.)        
             
        March 31   December 31
        2025   2024
        USD in   USD in
        Thousands   Thousands
    Liabilities and equity        
             
    Current liabilities        
    Credit and current maturities of loans from banks and other financial institutions   207,662   212,246
    Trade payables   167,765   161,991
    Other payables   101,928   107,825
    Current maturities of debentures   23,049   44,962
    Current maturities of lease liability   10,192   10,240
    Other financial liabilities   5,777   8,141
    Liabilities of disposal groups classified as held for sale   –   46,635
    Total current liabilities   516,373   592,040
             
    Non-current liabilities        
    Debentures   549,517   433,994
    Other financial liabilities   118,891   107,865
    Convertible debentures   232,536   133,056
    Loans from banks and other financial institutions   2,024,315   1,996,137
    Loans from non-controlling interests   79,081   75,598
    Financial liabilities through profit or loss   25,985   25,844
    Deferred taxes liabilities   62,310   41,792
    Employee benefits   1,092   1,215
    Lease liability   209,958   211,941
    Deferred income related to tax equity   387,943   403,384
    Asset retirement obligation   85,141   83,085
    Total non-current liabilities   3,776,769   3,513,911
             
    Total liabilities   4,293,142   4,105,951
             
    Equity        
    Ordinary share capital   3,323   3,308
    Share premium   1,028,528   1,028,532
    Capital reserves   49,890   25,273
    Proceeds on account of convertible options   25,083   15,494
    Accumulated profit   202,377   107,919
    Equity attributable to shareholders of the Company   1,309,201   1,180,526
    Non-controlling interests   282,028   260,408
    Total equity   1,591,229   1,440,934
    Total liabilities and equity   5,884,371   5,546,885
             
    Consolidated Statements of Cash Flows        
             
        For the three months ended
    at March 31
        2025   2024
        USD in   USD in
        Thousands   Thousands
             
    Cash flows for operating activities        
    Profit for the period   101,803   24,485
             
    Income and expenses not associated with cash flows:        
    Depreciation and amortization   33,789   25,604
    Finance expenses, net   22,388   11,486
    Share-based compensation   1,710   3,117
    Taxes on income   24,651   6,831
    Tax benefits   (20,111)   (3,264)
    Other income (expenses), net   1,105   (134)
    Company’s share in losses of investee partnerships   1,227   144
    Gains from projects disposals   (97,262)   (27)
        (32,503)   43,757
             
    Changes in assets and liabilities items:        
    Change in other receivables   (856)   (2,142)
    Change in trade receivables   (20,376)   (16,909)
    Change in other payables   8,604   (539)
    Change in trade payables   7,802   71
        (4,826)   (19,519)
             
    Interest receipts   2,512   2,928
    Interest paid   (22,298)   (15,624)
    Income Tax paid   (1,075)   (798)
             
    Net cash from operating activities   43,613   35,229
             
    Cash flows for investing activities        
    Sale (Acquisition) of consolidated entities, net   36,223   (1,388)
    Changes in restricted cash and bank deposits, net   8,176   (4,988)
    Purchase, development, and construction in respect of projects   (255,862)   (199,733)
    Loans provided and Investment in investees   (7,430)   (11,284)
    Repayments of loans from investees   30,815   –
    Payments on account of acquisition of consolidated entity   (7,447)   (10,851)
    Purchase of financial assets measured at fair value through profit or loss, net   (3,040)   (8,409)
    Net cash used in investing activities   (198,565)   (236,653)
             
    Consolidated Statements of Cash Flows (Cont.)      
        For the three months ended at March 31
        2025   2024
        USD in   USD in
        Thousands   Thousands
             
    Cash flows from financing activities        
    Receipt of loans from banks and other financial institutions   143,578   71,371
    Repayment of loans from banks and other financial institutions   (108,922)   (10,448)
    Issuance of debentures   125,838   –
    Issuance of convertible debentures   114,685   –
    Repayment of debentures   (21,994)   (1,284)
    Dividends and distributions by subsidiaries to non-controlling interests   –   (108)
    Deferred borrowing costs   (35,199)   (2,682)
    Repayment of loans from non-controlling interests   –   (955)
    Increase in holding rights of consolidated entity   (1,392)   –
    Exercise of share options   11   –
    Repayment of lease liability   (4,058)   (3,671)
    Proceeds from investment in entities by non-controlling interest   7,732   152
             
    Net cash from financing activities   220,279   52,375
             
    Increase (Decrease) in cash and cash equivalents   65,327   (149,049)
             
    Balance of cash and cash equivalents at beginning of period   387,427   403,805
             
    Effect of exchange rate fluctuations on cash and cash equivalents   (3,224)   (4,905)
             
    Cash and cash equivalents at end of period   449,530   249,851
             


    Information related to Segmental Reporting

      For the three months ended at March 31, 2025
      MENA(**)   Europe(**)  

    USA

    		   Total reportable segments   Others   Total
      USD in thousands
    Revenues 42,867   51,384   14,678   108,929   829   109,758
    Tax benefits –   –   20,111   20,111   –   20,111
    Total revenues and income 42,867   51,384   34,789   129,040   829   129,869
                           
    Segment adjusted EBITDA 68,017   44,663   30,549   143,229   81   143,310
         
    Reconciliations of unallocated amounts:    
    Headquarter costs (*)   (11,701)
    Intersegment profit   106
    Gains from projects disposals   54,973
    Depreciation and amortization and share-based compensation   (35,499)
    Operating profit   151,189
    Finance income   6,695
    Finance expenses   (30,203)
    Share in the losses of equity accounted investees   (1,227)
    Profit before income taxes   126,454
         

    (*) Including general and administrative and development expenses (excluding depreciation and amortization and share based compensation).

    (**) Due to the Company’s organizational restructuring, the Chief Operation Decision Maker (CODM) now reviews the group’s results by segmenting them into three business units: MENA (Middle East and North Africa), Europe, and the US. Consequently, the Central/Eastern Europe and Western Europe segments have been consolidated into the “Europe” segment, the Israel segment has been incorporated into the MENA segment, and the Management and Construction segment has been excluded. The comparative figures for the three months ended March 31, 2024, have been updated accordingly.

    Information related to Segmental Reporting

      For the three months ended at March 31, 2024
      MENA   Europe  

    USA

    		   Total reportable segments   Others   Total
      USD in thousands
    Revenues 28,474   59,160   1,231   88,865   1,532   90,397
    Tax benefits –   –   3,264   3,264   –   3,264
    Total revenues and income 28,474   59,160   4,495   92,129   1,532   93,661
                           
    Segment adjusted EBITDA 24,528   50,707   3,122   78,357   668   79,025
         
    Reconciliations of unallocated amounts:    
    Headquarter costs (*)   (7,606)
    Intersegment profit   190
    Depreciation and amortization and share-based compensation   (28,721)
    Operating profit   42,888
    Finance income   8,065
    Finance expenses   (19,493)
    Share in the losses of equity accounted investees   (144)
    Profit before income taxes   31,316
         

    (*) Including general and administrative and development expenses (excluding depreciation and amortization and share based compensation).

    Appendix 2 – Reconciliations between Net Income to Adjusted EBITDA

     
    ($ thousands)   For the three months ended at
        March 31, 2025   March 31, 2024
    Net Income   101,803   24,485
    Depreciation and amortization   33,789   25,604
    Share based compensation   1,710   3,117
    Finance income   (6,695)   (8,065)
    Finance expenses   30,203   19,493
    Gains from projects disposals (*)   (54,973)   –
    Share of losses of equity accounted investees   1,227   144
    Taxes on income   24,651   6,831
    Adjusted EBITDA   131,715   71,609
             
    * Profit from revaluation linked to partial sale of asset.
       

    Appendix 3 – Debentures Covenants

    Debentures Covenants

    As of March 31, 2025, the Company was in compliance with all of its financial covenants under the indenture for the Series C, D, F, G and H Debentures, based on having achieved the following in its consolidated financial results:

    Minimum equity

    The company’s equity shall be maintained at no less than NIS 375 million so long as debentures F remain outstanding, NIS 1,250 million so long as debentures C and D remain outstanding, and USD 600 million so long as debentures G and H remain outstanding.

    As of March 31, 2025, the company’s equity amounted to NIS 5,916 million (USD 1,591 million).

    Net financial debt to net CAP

    The ratio of standalone net financial debt to net CAP shall not exceed 70% for two consecutive financial periods so long as debentures F remain outstanding and shall not exceed 65% for two consecutive financial periods so long as debentures C, D, G and H remain outstanding.

    As of March 31, 2025, the net financial debt to net CAP ratio, as defined above, stands at 36%.

    Net financial debt to EBITDA

    So long as debentures F remain outstanding, standalone financial debt shall not exceed NIS 10 million, and the consolidated financial debt to EBITDA ratio shall not exceed 18 for more than two consecutive financial periods.

    For as long as debentures C and D remain outstanding, the consolidated financial debt to EBITDA ratio shall not exceed 15 for more than two consecutive financial periods.

    For as long as debentures G and H remain outstanding, the consolidated financial debt to EBITDA ratio shall not exceed 17 for more than two consecutive financial periods.

    As of March 31, 2025, the net financial debt to EBITDA ratio, as defined above, stands at 8.

    Equity to balance sheet

    The standalone equity to total balance sheet ratio shall be maintained at no less than 20% ,25% and 28%, respectively, for two consecutive financial periods for as long as debentures F, debentures C and D and debentures G and H remain outstanding.

    As of March 31, 2025, the equity to balance sheet ratio, as defined above, stands at 55%.

    An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94346603-d361-4e84-aabc-62db3e22c10c

    The MIL Network –

  • MIL-OSI: Bilibili Inc. to Report First Quarter 2025 Financial Results on Tuesday, May 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 06, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it will report its first quarter 2025 unaudited financial results on Tuesday, May 20, 2025, before the open of U.S. markets.

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

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

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

    About Bilibili Inc.

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

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

    For investor and media inquiries, please contact:

    In China:

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

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

    In the United States:

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

    The MIL Network –

  • MIL-OSI: CBAK Energy to Participate in Shenzhen International Battery Technology Conference & Expo on Tuesday, May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 06, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced its participation in the upcoming Shenzhen International Battery Technology Conference & Expo (“CIBF 2025”, or the “Event”), scheduled from Tuesday, May 15, 2025 to Saturday, May 17, 2025.

    Event Details:

    • Date: May 15-17, 2025 (Beijing Time)
    • Location: Shenzhen International Convention & Exhibition Center, One Zhan Cheng Road, Bao’an District, Shenzhen, PRC
    • Booth Number: Booth 12T008, Hall 12

    CBAK Energy’s sales team and R&D department, along with key members of our management, will be attending the Event. All interested parties are welcomed to visit our booth and engage with our team.

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

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

    About CIBF 2025
    CIBF 2025 is one of the largest and most influential international exhibitions in the global battery industry. Organized by the China Industrial Association of Power Sources, this event is expected to cover an exhibition area of over 300,000 square meters, with more than 3,000 exhibitors and over 400,000 professional visitors. The event will showcase the latest advancements in power batteries, energy storage solutions, hydrogen fuel cells, battery management systems (BMS), and sustainable energy innovations.

    For more information, plesase visit https://www.bat-expo.com

    For further inquiries, please contact:

    In China:

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

    The MIL Network –

  • MIL-OSI Russia: China, European Parliament Decide to Lift Restrictions on Mutual Exchanges – Chinese Foreign Ministry Spokesman

    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 | 06. 05. 2025

    Keywords: representative of the Chinese Foreign Ministry, mutual exchanges, remove, decided, parliament, restrictions, China, representative of the Ministry, of Chinese Affairs, reported, Tuesday

    BEIJING, May 6 (Xinhua) — China and the European Parliament have mutually agreed to simultaneously and comprehensively lift restrictions on mutual exchanges, a Chinese Foreign Ministry spokesman said Tuesday. -0-

    Source: Xinhua

    China and the European Parliament have decided to lift restrictions on mutual exchanges, says Chinese Foreign Ministry spokesman China and the European Parliament have decided to lift restrictions on mutual exchanges, says Chinese Foreign Ministry spokesman

    MIL OSI Russia News –

  • MIL-OSI Russia: Delegation of military officers from African countries to visit China

    Translation. Region: Russian Federal

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

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

    BEIJING, May 6 (Xinhua) — A delegation of nearly 100 middle-aged and young military officers from various African countries began their visit to China on Tuesday at the invitation of the Chinese Defense Ministry.

    The delegation, representing more than 40 African countries including Egypt, Mozambique, Tanzania and Kenya, will tour Chinese cities such as Beijing, Changsha, Shaoshan and several other places. The African military visit will end on May 15.

    The visit, the fourth of its kind, aims to translate the agreements reached at the Beijing Summit of the Forum on China-Africa Cooperation into concrete actions and deepen the traditional friendship between the armed forces of China and African countries, according to the Chinese Ministry of Defense.

    In addition, this visit also aims to strengthen mutual understanding between military officers of China and African countries and contribute to the building of an all-weather China-Africa community with a shared future in the new era. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China welcomes EU leaders’ visit to China – Chinese Foreign Ministry

    Translation. Region: Russian Federal

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

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

    Xinhua | 06. 05. 2025

    Keywords: PRC, EU leaders visit, PRC MFA, China, welcomes, Council Antonio Costa, Ministry representative, due time, Ursula Commission, Der Leyen, China affairs, Chairman, participation, said, EU, Tuesday

    BEIJING, May 6 (Xinhua) — China welcomes European Council President Antonio Costa and European Commission President Ursula von der Leyen to visit China to attend a new round of China-EU summit in due course, a Chinese Foreign Ministry spokesperson said Tuesday. -0-

    Source: Xinhua

    China Welcomes EU Leaders’ Visit to China – Chinese Foreign Ministry China Welcomes EU Leaders’ Visit to China – Chinese Foreign Ministry

    MIL OSI Russia News –

  • MIL-OSI Russia: The 24th “Chinese Language Bridge” competition for students was held in Almaty

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    ALMATY, May 6 (Xinhua) — The 24th international competition “Chinese Language Bridge” for students of higher education institutions was held in Almaty.

    The event was held with the support of the Consulate General of China in Almaty, the Confucius Institute at the Kazakh University of International Relations and World Languages /KazUMR&WL/ named after Ablai Khan and the Department of Oriental Studies of KazUMR&WL.

    The theme of the event was the concept of “One World — One Family”. The competition was attended by 11 students from Almaty, as well as about 100 teachers and students who attended the event as spectators.

    The competition included four stages: individual performance, written test, quiz and creative number.

    The event provided a platform for young people to demonstrate their understanding of Chinese language and culture. The Chinese Language Bridge Competition continues the tradition of cultural dialogue between countries along the historic Silk Road, deepening friendship and mutual understanding between different countries in the region. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: 12 killed, over five injured in Indonesia road accident

    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

    JAKARTA, May 6 (Xinhua) — At least 12 people were killed and more than five others were injured in a bus accident in Padang Panjang city in Indonesia’s West Sumatra province on Tuesday morning, a city transport department official confirmed.

    The Antar Lintas Sumatra (ALS) bus, which was travelling from Medan to Jakarta, reportedly lost control due to brake failure and overturned.

    “The ALS bus had brake failure while driving at high speed. The driver lost control on a turn and the bus overturned,” said Arkes Refagus, head of the Padang Panjang Transport Department.

    He added that the bus lurched to the left and crashed into the fence of a residential building. “The driver survived because he was sitting on the right side,” A. Refagus told Xinhua.

    The official said there were 25 passengers on the bus. All the injured were taken to two local hospitals. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: Xi Jinping, EU leaders exchange congratulations on 50th 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

    Xinhua | 06. 05. 2025

    Keywords: Xi Jinping,President of China,Anniversary of the establishment,EU leaders,Occasion,Congratulations,Relations,Urgent,Council Antonio Costa,Commission Ursula,European Union,Der Leyen,Jinping,Chairman,Exchanged,China

    BEIJING, May 6 (Xinhua) — Chinese President Xi Jinping on Tuesday exchanged congratulatory messages with European Council President Antonio Costa and European Commission President Ursula von der Leyen on the 50th anniversary of the establishment of diplomatic relations between China and the European Union (EU). –0–

    Source: Xinhua

    Breaking: Xi Jinping, EU leaders exchange congratulations on 50th anniversary of diplomatic relations Breaking: Xi Jinping, EU leaders exchange congratulations on 50th anniversary of diplomatic relations

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi

    Source: Republic of China Taiwan

    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
    2025-04-23
    President Lai delivers remarks at International Holocaust Remembrance Day event
    On the afternoon of April 23, President Lai Ching-te attended an International Holocaust Remembrance Day event and delivered remarks, in which he emphasized that peace is priceless, and war has no winners, while morality, democracy, and respect for human rights are powerful forces against violence and tyranny. The president stated that Taiwan will continue to expand cooperation with democratic partners and safeguard regional and global peace and stability, defending democracy, freedom, and human rights. He said we must never forget history, and must overcome our differences and join in solidarity to ensure that the next generations live in a world that is more just and more peaceful. Upon arriving at the event, President Lai heard a testimony from the granddaughter of a Holocaust survivor, followed by a rabbi’s recitation of the prayer “El Maleh Rachamim.” He then joined other distinguished guests in lighting candles in memory of the victims. A transcript of President Lai’s remarks follows: To begin, I want to thank the Israel Economic and Cultural Office (ISECO) in Taipei, German Institute Taipei, Taiwan Foundation for Democracy, and Ministry of Foreign Affairs for co-organizing this deeply significant memorial ceremony again this year. I also want to thank everyone for attending. We are here today to remember the victims of the Holocaust, express sympathy for the survivors, honor the brave individuals who protected the victims, and acknowledge all who were impacted by this atrocity. It was deeply moving to hear Ms. [Orly] Sela share the story of how her grandmother, Yehudit Biksz, escaped the Nazi regime. I want to thank her specially for traveling so far to attend this event. From the 1930s through World War II, the Nazi regime sought to exclude Jewish people from society. In their campaign, they perpetrated systematic genocide driven by their ideology. Policies and directives under the authoritarian Nazi regime resulted in the deaths of approximately 6 million Jews. Millions of others were persecuted, including Romani people, persons with disabilities, the gay community, and anyone who disagreed with Nazi ideology. It is one of the darkest chapters in human history. Many countries, including Taiwan, have enacted anti-massacre legislation, and observe a remembrance day each year. Those occasions help us remember the victims, preserve historical memory, and most importantly, reinforce our resolve to fight against hatred and discrimination. Twenty-three years ago, Chelujan (車路墘) Church in Tainan founded the Taiwan Holocaust Memorial Museum. It is the first Jewish museum in Taiwan, and the second Holocaust museum in Asia. Its founding mission urges us to forget hatred and love one another; put an end to war and advocate peace. Many of the exhibition items come from Jewish people, connecting Taiwan closer with Israel and helping Taiwanese better understand the experiences of Jewish people. In this way, we grow to more deeply cherish peace. When I was mayor of Tainan, I took part in an exhibition event at Chelujan Church. I was also invited by the Israeli government to join the International Mayors Conference in Israel, where I visited the World Holocaust Remembrance Center. I will never forget how deeply that experience moved me, and as a result, peace and human rights became even more important issues for me. These issues are valued by Taiwan and our friends and allies. They are also important links connecting Taiwan with the world. Peace is priceless, and war has no winners. We will continue to expand cooperation with democratic partners and safeguard regional and global peace and stability. We will also continue to make greater contributions and work with the international community to defend democracy, freedom, and human rights. This year also marks the 80th anniversary of the end of World War II. However, we still see wars raging around the world. We see a resurgence of authoritarian powers, which could severely impact global democracy, peace, and prosperous development. Today’s event allows for more than reflection on the past; it also serves as a warning for the future. We are reminded of the threats that hatred, prejudice, and extremism pose to humanity. But we are also reminded that morality, democracy, and respect for human rights are powerful forces against violence and tyranny. We must never forget history. We must overcome our differences and join in solidarity for a better future. Let’s work together to ensure that the next generations live in a world that is more just and more peaceful. Also in attendance at the event were Member of the Israeli Knesset (parliament) and Taiwan friendship group Chair Boaz Toporovsky, ISECO Representative Maya Yaron, and German Institute Taipei Deputy Director General Andreas Hofem.

    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 Russia: Experts: Mutual assistance and unity of the peoples of Russia and China have become important factors in the fight against fascism and militarism

    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 6 (Xinhua) — “The USSR has provided China with valuable assistance, including weapons and military equipment, as well as military advisory support,” said Zhang Jianhua, vice chairman of the All-China Society for the Study of the History of the USSR and Eastern Europe and a professor at Beijing Normal University.

    80 years ago, the dawn of justice broke through the fog of war and the bell of peace echoed across the Eurasian continent.

    The year 2025 marks the 80th anniversary of the victory of the Chinese people in the War of Resistance Against Japanese Aggression, the victory of the Soviet Union in the Great Patriotic War, and the victory in the World Anti-Fascist War.

    As the main theaters of war in Asia and Europe, in the brutal war between good and evil, China and Russia were the main forces in the joint fight against fascism and militarism.

    “China has encountered the vicious Japanese militaristic forces and the most brutal forces in the fascist camp,” said Wang Lei, a professor at the School of Public Administration at Beijing Normal University.

    “The War of Resistance Against Japanese Aggression started earlier and lasted longer than all other battles,” Zhang Jianhua said.

    Zhang Jianhua noted that during the anti-Japanese war, the USSR sent its military advisers and pilots to China, who participated in air battles in the skies over Nanjing, Beijing, Chongqing and other Chinese cities, and among them, more than 200 dead pilots were buried in China.

    According to Sun Yanling, a research fellow at the Institute for the Study of Party History and Documentation under the CPC Central Committee, during the War of Resistance Against Japanese Aggression, the medical assistance provided by the USSR was very important. It mainly included the supply of medicines and medical equipment, as well as the dispatch of medical personnel.

    “Mutual assistance and unity between the peoples of Russia and China during the Second World War became an important factor in the fight against fascism and militarism,” noted the head of Rossotrudnichestvo, Yevgeny Primakov.

    It is worth noting that the Chinese People’s War of Resistance against Japanese Aggression played an important role in winning the World Anti-Fascist War.

    According to Zhang Jianhua, the 14-year anti-Japanese war of the Chinese people contained the Japanese army on the Chinese mainland, preventing their main force from attacking the USSR from northeast China or sending troops to strengthen their military power on the battlefield in Southeast Asia.

    “The European theatre of military operations is certainly not the only one in this tragic history; the millions of victims suffered by the Chinese people should not be forgotten,” noted E. Primakov.

    This year also marks the 80th anniversary of the founding of the United Nations. As founding members of the UN and permanent members of the UN Security Council, China and Russia bear a particularly important responsibility for maintaining world peace and development.

    E. Primakov emphasized that the joint efforts of the two countries to counter the falsification of history and strengthen cooperation in the humanitarian sphere play a key role in maintaining stability in the world.

    80 years later, the smoke of war has long cleared, but the echoes of history are still clear.

    “History teaches us that peace must be defended, and only cooperation can lead to mutual benefit,” Zhang Jianhua said, adding that China and Russia suffered great sacrifices in the World Anti-Fascist War, so the two countries’ desire for peace is particularly deep. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese Institute Launches AI Research Platform “ScienceOne” Based on Large Scientific Foundation Model

    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 6 (Xinhua) — The Institute of Automation of the Chinese Academy of Sciences (CAS) has unveiled a scientific research intelligence platform “ScienceOne” based on a large scientific foundation model, marking a major step in transforming traditional scientific research methods with the help of artificial intelligence (AI) automation.

    The ScienceOne platform was developed to overcome the limitations of general-purpose AI models in scientific research and integrates cutting-edge technologies in data processing, computational optimization, and analytical evaluation.

    The presentation featured two key modules of the platform:

    S1-Literature is an intelligent assistant for working with scientific literature that can analyze thousands of research papers, generate structured reviews and provide in-depth analysis tools, including mind mapping and citation tracking.

    S1-ToolChain is a research process management system that automatically coordinates the work of more than 300 specialized scientific instruments.

    Developed jointly with other ANC institutes, including the Computer Networks Information Centre and the National Science Library, the ScienceOne platform leverages extensive scientific literature databases and interdisciplinary expertise to support research in areas such as mathematics, physics and materials science. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: Romanian Interior Minister Appointed Acting Prime Minister

    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 | 06. 05. 2025

    Keywords: duties of the prime minister, affairs of romania, minister, ministers, temporarily, urgently, resignation of marcel ciolacu, countries, I will, announced

    BUCHAREST, May 6 (Xinhua) — Romanian Interior Minister Catalin Predoiu has been appointed acting prime minister following the resignation of Marcel Ciolacu, the country’s presidential office announced on Tuesday. -0-

    Source: Xinhua

    Breaking News: Romanian Interior Minister Appointed Acting Prime Minister Breaking News: Romanian Interior Minister Appointed Acting Prime Minister

    MIL OSI Russia News –

  • MIL-OSI Russia: Trading on Chinese stock exchanges ends with growth in quotes

    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 6 (Xinhua) — Trading on Chinese stock exchanges ended with a rise in quotations today. The Shanghai Composite, which reflects the situation on the Shanghai Stock Exchange, rose by 1.13 percent compared to the results of the previous trading day and amounted to 3316.11 points.

    The Shenzhen Component, a gauge of business activity on the Shenzhen trading floor, rose 1.84 percent to 10,082.34 points. -0-

    MIL OSI Russia News –