Category: China

  • MIL-OSI China: Former Inner Mongolia senior political advisor under probe

    Source: China State Council Information Office 2

    Wang Zhonghe, former vice chairman of the Inner Mongolia regional committee of the Chinese People’s Political Consultative Conference, is under investigation for suspected severe violations of Party discipline and the law, an official statement said Sunday.
    The investigation is being conducted by the Communist Party of China Central Commission for Discipline Inspection and the National Commission of Supervision, according to the statement. 

    MIL OSI China News

  • MIL-OSI China: China’s Xizang reports surging foreign trade in 2024

    Source: China State Council Information Office

    Foreign trade in southwest China’s Xizang Autonomous Region climbed to 12.67 billion yuan (about 1.77 billion U.S. dollars) in 2024, marking a 15.4 percent increase from the previous year, Lhasa Customs officials said Monday.

    Exports rose 15.3 percent year on year to 11.32 billion yuan, while imports increased 16.9 percent to 1.35 billion yuan, according to the data.

    Xizang has expanded its trade ties to 140 countries and regions. Nepal became its largest trading partner last year, with bilateral trade soaring 84.8 percent to 5.12 billion yuan.

    Private enterprises played a dominant role, contributing 98.6 percent of the region’s total foreign trade, it said.

    Local officials attributed the trade growth to increased exports of specialty products, rising demand for new energy products, improved border trade, and enhanced customs clearance processes.

    Exports of plateau specialty goods such as wool and cashmere surpassed 100 million yuan for the first time in 2024, up more than 20 percent year on year.

    “Our company specializes in wool processing, with products mainly exported to Nepal, the United States and European countries where they are well received,” said Lhapa Trinley, head of a local trading company. “This year, foreign trade orders have increased, and our customer base is expanding.”

    The renewable energy sector also emerged as a key driver, with demand for new energy vehicles (NEVs), lithium batteries, and solar products rising in South Asia. Xizang exported more than 11,800 NEVs worth 1.55 billion yuan in 2024, up 144.82 percent and 126.79 percent year on year respectively.

    “China’s NEVs, with their strengths in electrification and intelligence, are gaining popularity in Nepal,” said Sun Yong, general manager of Xizang Xudatong Trade Co., Ltd.

    As Xizang deepens its opening-up efforts, border trade is picking up. In 2024, 14 traditional border trade points resumed operations, with small-scale border trade reaching 3.53 billion yuan.

    “The rapid growth of foreign trade would not be possible without policy support and trade facilitation,” said Chungda, an official at Lhasa Customs. “We have continuously optimized the business environment at ports and improved customs clearance efficiency, and plan to introduce new clearance models to further enhance logistics and trade facilitation.”

    Xizang’s gross domestic product expanded by 6.3 percent in 2024, and this year the region has set a growth target of over 7 percent, striving to reach 8 percent, according to its government work report.

    The year 2025 marks the 60th founding anniversary of the Xizang Autonomous Region. 

    MIL OSI China News

  • MIL-OSI China: China’s NEV output, sales surge in January

    Source: China State Council Information Office

    An automatic assembly line is pictured at a smart factory of Changan Auto in Chongqing, southwest China, Jan. 9, 2025. (Xinhua/Wang Quanchao)

    China’s new energy vehicles (NEVs) performed strongly, with production surging 29 percent year on year to 1.02 million units in January, industry data showed on Monday.

    NEV sales grew rapidly by 29.4 percent year on year to 944,000 units in January — accounting for 38.9 percent of total new vehicle sales last month, according to the China Association of Automobile Manufacturers (CAAM).

    China’s auto industry witnessed a steady start to the year, with both passenger car production and sales posting year-on-year increases in January.

    Total passenger car output reached 2.15 million units last month, up 3.3 percent year on year, while sales grew 0.8 percent year on year to top 2.13 million units.

    Meanwhile, China’s auto exports rose 6.1 percent year on year last month, totaling 470,000 units in January.

    Boosted by the implementation of pro-consumption measures, such as a consumer goods trade-in program, China’s auto industry will continue to post stable development, said Chen Shihua, deputy secretary-general of the CAAM.

    MIL OSI China News

  • MIL-OSI: BitMart Research Releases In-Depth Analysis on World Liberty Financial (WLFI) and Its Strategic Vision

    Source: GlobeNewswire (MIL-OSI)

    Victoria. Mahe, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released an extensive report on World Liberty Financial (WLFI), a DeFi initiative backed by members of the Trump family. This report provides a comprehensive analysis of WLFI’s financial strategy, political influence, and long-term investment potential, making it a must-read for investors, policymakers, and cryptocurrency enthusiasts.

    World Liberty Financial (WLFI) 

    I. Project Background

    1. Project Introduction

    WLFI is a DeFi project supported by the Trump family, the President of the United States, and officially launched in September 2022. Its core objective is to promote the widespread adoption of stablecoins, strengthen the dominance of the US dollar in the global financial system, and utilize cryptocurrency technology to fulfill the vision of “Make America Great Again.” WLFI is positioned as a DeFi lending platform, initially operating on the Ethereum network. It leverages mature DeFi protocols (such as Aave v3) to optimize user experience rather than launching entirely new financial tools. 

    On December 13, 2024, the World Liberty Financial community approved its first proposal and successfully deployed an instance of Aave v3. Although WLFI has made initial progress, many of its team co-founders are newcomers, and its long-term feasibility and innovation potential remain to be verified.

    On February 12, 2025, WLFI announced the launch of “Macro Strategy,” aimed at establishing strategic token reserves to support leading cryptocurrency projects such as Bitcoin and Ethereum. This strategy will help WLFI enhance stability, promote growth, and build trust, while collaborating with traditional financial institutions to advance tokenization of assets. WLFI is working with several financial institutions to incorporate their tokenized assets into reserves and provide transparency through public blockchain wallets. Additionally, WLFI will collaborate with partner institutions to conduct marketing and brand promotion activities, showcasing its leadership in financial innovation.

    2. Team Information

    Trump Family Roles

    • Donald J. Trump: Listed as the “Chief Cryptocurrency Advocate,” responsible for promoting the project but not deeply involved in technology or operations.
    • Eric Trump & Donald Trump Jr. & Barron Trump: Serve as “Web3 Ambassadors,” mainly responsible for promoting and publicizing the project.

    Core Co-Founders

    • Chase Herro and Zak Folkman: Both co-lead operations but have controversial backgrounds due to a lack of experience in the crypto industry. Chase Herro has been involved in cannabis sales and promoting controversial tokens; Zak Folkman founded a male dating coaching company.

    Witkoff Family

    • Real estate developer Steven Witkoff and his sons Zach and Alex are closely related to the Trump family. Steven donated $2 million to Trump’s campaign. After Trump’s victory, he was appointed as the Middle East envoy.

    Core Technical Personnel

    • Rich Teo: Head of stablecoins and payments, previously founded the exchange itBit and stablecoin company Paxos, currently serves as CEO of Paxos Asia. Rich is also an advisor for the SocialFi project RepubliK.
    • Corey Caplan: Head of technical strategy, co-founder of the DeFi platform Dolomite, responsible for integrating lending and trading functions.
    • Bogdan Purnavel: Chief Developer, previously worked on Dough Finance.

    Advisory Team

    • Alexei Dulub: Founder of Web3 Antivirus, blockchain security expert, participated in L1/L2 development since 2013.
    • Sandy Peng: Co-founder of Ethereum Layer 2 network Scroll, provides scaling technology support.
    • Justin Sun : As a strategic advisor and largest investor (invested $75 million), promotes ecological cooperation with TRON.

    Source: WLFI official website

    II. Funding Sources and Token Utilization
    WLFI’s funding comes from token sales, raising a total of $455 million as of February 9 (Source: WLFI official website). Of this, the first public sale of 21.3 billion tokens was sold out at $0.015 per token, raising $319 million. In the second public sale, the price was increased to $0.05 per token, raising $136 million by February 7. Currently, WLFI’s total value of purchased crypto assets is estimated at approximately $325.8 million, including important projects like ETH, WBTC, DeFi, and RWA. However, it should be noted that this project does not operate like a fund raising money through WLFI tokens to purchase mainstream project tokens with growth potential; WLFI token holders do not have rights to distribute investment returns. Although WLFI defines itself as a DeFi lending platform, it has not yet begun operations or provided DeFi services, so WLFI tokens currently have no value or usage path

    .

    III. Total Holdings

    As of February 9, 2025, WLFI’s total asset value is estimated at approximately $327million, with on-chain assets valued at around $37.79 million and centralized exchange assets valued at approximately $289 million (if unsold, deposited into Coinbase Prime for fund management and business operations).

    WLFI On-chain Assets (Data Source: ARKM)

    WLFI CoinbasePrime Assets (Data Source: SpotonChain)

    IV. Holding Structure Analysis

    As a crypto project strongly associated with the Trump family, WLFI’s asset allocation strategy has attracted market attention and spawned the concept of “presidential picks.” As of February 2025, ETH occupies a core position in WLFI’s crypto holdings (62.3%), followed by WBTC (16.4%), with remaining funds allocated to DeFi and RWA tracks. Notably, despite the decline in ETH/BTC exchange rates since December 2024, WLFI chose to increase its ETH holdings, highlighting its bet on the underlying infrastructure value of the Ethereum ecosystem. In terms of track selection, WLFI focuses on leading projects: Chainlink (LINK) and Aave (AAVE) in the DeFi field; Ondo Finance (ONDO) and Ethena (ENA) in the RWA track, forming a combination of “established protocols + emerging protocols.” 

    In terms of external cooperation, WLFI has formed a deep connection with Sun Yuchen, founder of TRON. The latter has invested $75 million through an HTX address and become the largest institutional investor. This also explains WLFI’s holdings of TRX and WBTC.

    Regarding fund management, WLFI recently transferred $307.4 million in assets to Coinbase Prime for custody and released 194 thousand stETH for liquidity management. Currently, the project still holds $47.49 million in stablecoin reserves. Future investments may focus on three main directions: (1) supplementing core asset holdings; (2) laying out emerging RWA protocols; (3) covering ecological cooperation costs.

    Detailed Holdings Breakdown:

    1. Ethereum (ETH)
    • ETH:78,610 tokens ($209 million, 63.8%)
    1. DeFi
    • AAVE: 16,585 tokens ($4.091 million, 1.3%)
    • LINK: 219,000 tokens ($4.117 million, 1.3%)
    1. RWA
    • ENA: 4.941 million tokens ($2.47 million, 0.8%)
    • ONDO: 456,000 tokens ($612,000, 0.001%)
    1. Justin Sun-related Assets
    • WBTC: 553 tokens ($53.648 million, 16.4%)
    • TRX: 40.71 million tokens ($9.772 million, 3%)
    1. Other Assets
    • USDC: 37.54million tokens ($37.54 million, 11.5%)
    • USDT: 4.14 million tokens ($4.14 million, 1.3%)
    • MOVE: 3.68 million tokens ($1.98 million, 0.3%)

    Analysis of WLFI Project Logic: Political Empowerment and Financial Ambition

    1.Financialization of Political Resources: A Fundraising Tool for the Trump Family

    From the token economic model of WLFI, it is evident that up to 75% of sales revenue directly belongs to the Trump family. Meanwhile, the project’s legal structure deliberately avoids direct association with Donald Trump himself, but strengthens its political binding attributes through public endorsements by family members (such as Eric Trump). This design essentially transforms Trump’s political influence into quantifiable financial assets, making it a political fundraising tool rather than a true decentralized financial product. The market generally views WLFI as a “bet on the prospects of Trump’s support for cryptocurrency policies.” Previously, investors purchasing this token were essentially indirectly supporting Trump’s campaign activities. This model is similar to Trump’s previous Trump MEME token, both serving as alternative financing channels beyond traditional political donations.

    2.Market Sentiment Manipulation: Dual Operation of Capital and Narrative

    The project can leverage Trump’s political influence to create market sentiment for itself and related projects. For example, after receiving investment from Sun Yuchen, WLFI made significant purchases of TRX and WBTC, with the current holding value at approximately $63.41 million. As of February 9, Sun Yuchen had invested a total of $75 million, with 84.5% of the funds used to purchase tokens related to his investments. Additionally, recently WLFI co-founder Chase Herro announced plans to establish a “strategic reserve” using tokens purchased by WLFI. Although he did not specify the goals or reasons for establishing the token reserve, this topic has been highly regarded since Trump committed during his last presidential campaign to establish a token reserve. Last month, Trump signed an executive order to assess the feasibility of creating a digital asset reserve. Against this backdrop, WLFI’s plan to establish a strategic reserve will undoubtedly strengthen market expectations around the concept of “presidential selection.” By deeply binding WLFI with Trump’s cryptocurrency policies, it can not only create market expectations and attract more capital inflows but also potentially facilitate off-market cooperation between the project party and political capital, thereby further expanding its market influence.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join theirTelegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. 

    Risk Warning

    Note: All cryptocurrency investments, including yield products, are highly speculative and involve significant risks. Past performance of products cannot guarantee future results. Cryptocurrency markets are highly volatile, and before making any investment decisions, you should carefully assess whether it is suitable for trading or holding digital currencies based on your investment objectives, financial situation, and risk tolerance, and consult a professional financial advisor. The information in this article is for reference only and does not constitute any investment, legal, or tax advice. The author and publisher do not assume responsibility for any losses incurred due to the use of this information.

    The MIL Network

  • MIL-OSI China: 10 dead, 19 missing after landslide in SW China

    Source: China State Council Information Office 2

    As of Monday noon, a landslide in southwest China’s Sichuan Province had left 10 people dead, 19 missing and two injured, according to the emergency rescue headquarters.
    Houses of 10 households had been buried in the landslide and more than 100 hectares of crops had been damaged.
    The landslide occurred on Feb. 8 in Jinping Village, which is located in Junlian County in the city of Yibin.
    More than 3,000 personnel from the armed police, firefighting, emergency response, transportation, medical and other forces have been dispatched to join the search and rescue efforts, aided by drones, sniffer dogs and life detector equipment.
    Currently, 767 people in 139 households have been evacuated and relocated to safety.
    The post-disaster reconstruction work is being carried out simultaneously in Junlian to restore normal production and living order of the affected people. 

    MIL OSI China News

  • MIL-OSI China: US, Europe face widening rift over Ukraine crisis

    Source: China State Council Information Office

    As the situation in Ukraine continues to evolve, the United States and its European allies have demonstrated increasing divisions regarding resolving the Ukraine crisis, a rift that became particularly pronounced at the just-concluded 61st Munich Security Conference (MSC).

    Keith Kellogg, Ukraine envoy of U.S. President Donald Trump, told a conference event in Munich on Saturday that Europe would not have a seat at the negotiation table. “I think this is not going to happen,” he said, although he confirmed that Ukraine would be involved.

    Trump held a phone call with Russian President Vladimir Putin on Wednesday, during which they discussed immediately engaging in direct negotiations aimed at ending the three-year-long conflict between Russia and Ukraine.

    Speaking to reporters afterward, Trump suggested he might meet Putin in Saudi Arabia.

    The unexpected call caught European leaders off guard, sparking concerns that the United States could reach a deal with Russia that would compromise European security without their involvement.

    In response, top foreign affairs officials from major European countries, including Germany, France and Poland, issued a joint statement, stressing that both Ukraine and Europe must be part of “any negotiation” regarding the Ukraine issue.

    Also attending the MSC, Ukrainian President Volodymyr Zelensky cautioned on Saturday that the era of guaranteed American support for Europe is over, indicating that remarks made by U.S. Vice President J.D. Vance a day before signaled a shift in U.S.-Europe relations.

    Vance had criticized Europe’s approach to democracy and immigration in Munich, stating that the greatest threat to the continent came from within. His comments provoked a strong backlash from European leaders.

    Zelensky also urged Europe to unite to create a joint military force and a coordinated foreign policy strategy.

    Fearing being sidelined on the Ukraine issue, EU leaders have urged unity and action across the continent. “This is an existential moment, and it’s a moment where Europe has to stand up,” said German Foreign Minister Annalena Baerbock during a panel discussion.

    French President Emmanuel Macron has scheduled an emergency meeting in Paris on Monday to discuss Ukraine and security in Europe. The meeting is expected to include leaders from Germany, Britain, Italy, Poland, Spain, the Netherlands and Denmark, as well as the NATO secretary-general and the presidents of the European Council and the European Commission.

    Polish Foreign Minister Radoslaw Sikorski said Saturday at the conference that he expects the meeting to address the challenges posed by Trump.

    On Sunday, British Prime Minister Keir Starmer said he is “ready and willing” to deploy British troops to Ukraine to help guarantee its security.

    Writing in the Daily Telegraph, Starmer said Britain was “ready to play a leading role” in Ukraine’s defense and security, including the commitment of 3 billion pounds (about 3.8 billion U.S. dollars) a year until 2030. 

    MIL OSI China News

  • MIL-OSI China: China leads in foreign-invested enterprises in Uzbekistan

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

    TASHKENT, Feb. 17 — China led in foreign-invested enterprises in Uzbekistan with 3,467 companies, local media reported on Monday, citing the country’s statistics agency.

    As of Feb. 1 this year, the total number of enterprises and organizations with foreign investments operating in Uzbekistan reached 15,163, according to the report.

    The statistics also showed Russia held the second place with 2,973 enterprises, and Türkiye with 1,869.

    According to the press service of the Uzbek president, Uzbekistan plans to attract 43 billion U.S. dollars in investment in 2025.

    MIL OSI China News

  • MIL-OSI China: New school semester starts in China

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

    New school semester starts in China

    Updated: February 18, 2025 07:57 Xinhua
    Middle school students learn about Chinese ancient architecture at an art museum in Shanghai, east China, Feb. 17, 2025. With a mixture of nerves and excitement, many students in China attended their special first class of new semester. [Photo/Xinhua]
    An aerial drone photo shows students interacting with robots at a primary school in Xingye County of Yulin, south China’s Guangxi Zhuang Autonomous Region, Feb. 17, 2025. [Photo/Xinhua]
    A firefighter introduces a fire fighting truck to students at a school in Changning District of Shanghai, east China, Feb. 17, 2025. [Photo/Xinhua]
    Students perform folk dance at a middle school in Wuzhou, south China’s Guangxi Zhuang Autonomous Region, Feb. 17, 2025. [Photo/Xinhua]
    An actor performs Sichuan opera face-changing for students at a primary school in Guang’an, southwest China’s Sichuan Province, Feb. 17, 2025. [Photo/Xinhua]
    Students play games at a primary school in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region, Feb. 17, 2025. [Photo/Xinhua]
    Students watch the performance of an intelligent robot dog at a middle school in Pengshan District of Meishan, southwest China’s Sichuan Province, Feb. 17, 2025. [Photo/Xinhua]
    Students perform at the opening ceremony of the new semester at a primary school in north China’s Tianjin Municipality, Feb. 17, 2025. [Photo/Xinhua]
    Students attend the opening ceremony of the new semester at a primary school in north China’s Tianjin Municipality, Feb. 17, 2025. [Photo/Xinhua]
    A student walks into a primary school in Haidian District of Beijing, capital of China, Feb. 17, 2025. [Photo/Xinhua]
    A student hangs a wish card at a primary school in Guiyang City, southwest China’s Guizhou Province, Feb. 17, 2025. [Photo/Xinhua]
    Students try floor curling at a primary school in Guiyang City, southwest China’s Guizhou Province, Feb. 17, 2025. [Photo/Xinhua]
    Students read books at a classroom of a primary school in Haidian District, in Beijing, capital of China, Feb. 17, 2025. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: Maintenance services for inbound airplanes on upswing in S China’s Hainan

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

    Staff members work on an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]

    HAIKOU, Feb. 17 — Since the one-stop aircraft maintenance base of Hainan Free Trade Port was put into use in 2022, a total of 83 aircraft and 17 engines have been maintained and repaired in the bonded zone, with a total value of 45.05 billion yuan (about 6.2 billion U.S. dollars).

    Staff members remove the original paint of an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]
    A staff member works on an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]
    Staff members work on an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]
    Staff members work on an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]
    A staff member works on an inbound airplane at a one-stop aircraft maintenance base of Hainan Free Trade Port in Haikou, south China’s Hainan Province, Feb. 17, 2025. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI: Move Digital Announces Strategic Expansion into Robotics Manufacturing

    Source: GlobeNewswire (MIL-OSI)

    MAHE, SEYCHELLES, Feb. 17, 2025 (GLOBE NEWSWIRE) — Move Digital, a global leader in blockchain and AI technologies, is proud to announce its strategic expansion into the field of robotics manufacturing. This initiative underscores the company’s commitment to leveraging advanced technologies to enhance everyday living.

    Building upon its recent endeavors to strengthen consultancy services for governments, global leaders, and family offices—particularly in Tokyo, Monaco, Sydney, Hong Kong, and Singapore—Move Digital is now poised to revolutionize the household robotics sector. The company plans to establish state-of-the-art production facilities in China and Vietnam, aiming to develop cutting-edge robotics solutions that elevate the quality of life in private households.

    At the helm of this ambitious venture is CEO Kristof Schöffling, a serial tech entrepreneur with over 15 years of experience leading technology companies. Schöffling’s impressive track record includes several successful exits, positioning him as the ideal leader to navigate Move Digital into the forefront of robotics innovation. His visionary approach and dedication to integrating advanced technologies have been instrumental in shaping the company’s strategic direction.

    “Our expansion into robotics manufacturing represents a significant milestone for Move Digital,” stated Schöffling. “We are committed to developing innovative solutions that not only harness the power of AI and blockchain but also bring tangible benefits to households worldwide. By establishing production facilities in China and Vietnam, we are strategically positioned to leverage regional expertise and resources, ensuring the highest standards of quality and efficiency in our robotics products.”

    The global robotics industry is experiencing unprecedented growth, with projections indicating an expansion from $46 billion in 2024 to $169.8 billion by 2032. This surge is driven by advancements in artificial intelligence and machine learning, enabling robots to perform increasingly complex tasks autonomously. Move Digital’s entry into this dynamic market aligns with these trends, as the company seeks to develop AI-enabled robots equipped with smart digital manufacturing systems.

    In line with its commitment to innovation, Move Digital plans to implement flexible, modular production cells that are digitally connected and networked, served by intelligent autonomous mobile robots. These AI-powered systems will undertake tasks such as assembly and material handling, relieving individuals from these duties and enabling more rewarding activities.

    Kristof Schöffling’s leadership is pivotal in driving this transformative journey. His extensive experience in emerging technologies and his strategic foresight have been crucial in positioning Move Digital at the cutting edge of innovation. Under his guidance, the company is set to make significant contributions to the robotics industry, delivering solutions that enhance daily living and set new standards in technological excellence.

    As Move Digital embarks on this exciting new chapter, it remains steadfast in its mission to harness the power of technology to create meaningful, impactful solutions for individuals and communities around the globe.

    About Move Digital

    Move Digital is a global blockchain and AI technology firm specializing in the development of innovative applications for the B2B sector. With a focus on delivering cutting-edge solutions, the company is dedicated to driving technological advancements that enhance business operations and improve quality of life.

    Media Contact

    Brand: Move Digital Limited

    Contact: Kristof Schöffling

    Email: hello@movedigital.io

    Website: https://movedigital.com

    SOURCE: Move Digital Limited

    The MIL Network

  • MIL-Evening Report: Cook Islanders march in Avarua against Mark Brown government

    By Caleb Fotheringham, RNZ Pacific journalist, in Avarua, Rarotonga

    More than 400 people have taken to the streets to protest against Cook Islands Prime Minister Mark Brown’s recent decisions, which have led to a diplomatic spat with New Zealand.

    The protest, led by Opposition MP and Cook Islands United Party leader Teariki Heather, has taken place outside the Cook Islands Parliament in Avarua — a day after Brown returned from China.

    Protesters have come out with placards, stating: “Stay connected with New Zealand.”

    The protest in Avarua today.    Video: RNZ

    Some government ministers have been standing outside Parliament, including Foreign Minister Tingika Elikana.

    Heather said he was present at the rally to how how much Cook Islanders cared about the relationship with New Zealand and valued the New Zealand passport.

    He has apologised to the New Zealand government on behalf of the Cook Islands government.

    Leader of the opposition and Democratic Party leader Tina Browne said she wanted the local passport to be off the table “forever and ever”.

    “We have no problem with our government going and seeking assistance,” she said.

    “We do have a problem when it is risking our sovereignty, risking our relationship with New Zealand.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Chinese vice premier encourages Japanese companies to invest and develop in China

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

    Chinese vice premier encourages Japanese companies to invest and develop in China

    BEIJING, Feb. 17 — China continues to promote high-level opening-up and encourages Japanese companies to invest and develop in China, Chinese Vice Premier He Lifeng said on Monday.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks in a meeting in Beijing with a Japanese business delegation visiting China.

    Noting that China and Japan boast deeply integrated economies and extensive common interests and space for cooperation, He expressed the hope that the Japanese business community would play a positive role in the win-win cooperation between the two countries. He welcomed companies from Japan and other countries to continue to invest in China and share development opportunities.

    Chairman of the Japan Business Federation Masakazu Tokura, Chairman of Japan-China Economic Association Kosei Shindo, and Chairman of the Japan Chamber of Commerce and Industry Ken Kobayashi said that the Japanese business community is willing to continue to expand investment in China and contribute to the mutually beneficial cooperation between the two countries.

    MIL OSI China News

  • MIL-OSI United Nations: Use Upcoming Tenth Anniversary of Minsk Accord’s Signing to Renew Diplomatic Efforts towards De-escalation in Ukraine, Assistant Secretary-General Urges Security Council

    Source: United Nations MIL OSI b

    The Minsk Agreements show that the signing of a peace pact alone does not ensure a durable end to conflict, the Security Council heard today as it met a decade after the adoption of Council resolution 2202 (2015), which called for the full implementation of those accords.

    The international community must use the 10-year anniversary as an opportunity to “recall past diplomatic efforts towards de-escalation” as well as reflect “on what happens when peacemaking fails”, Miroslav Jenča, Assistant Secretary-General for Europe, Central Asia and Americas in the Departments of Political and Peacebuilding Affairs and Peace Operations, said.  He noted that in one week, it will be “three tragic years” since the Russian Federation’s full-scale invasion of Ukraine.

    Highlighting the crucial role of regional and subregional organizations, he praised the Organization for Security and Cooperation in Europe (OSCE) Special Monitoring Mission for monitoring ceasefire violations and helping to maintain dialogue for “eight difficult years”.  Any peaceful settlement must respect the sovereignty, independence and territorial integrity of Ukraine, he said, welcoming all initiatives with the full participation of Ukraine and the Russian Federation.  Ensuring the conflict does not reoccur or escalate requires genuine political will and understanding of its “multidimensional complexity”, he said.

    Peace Activist Haunted by Dead Ukrainian, Russian Soldiers, Says War Could Have Been Avoided through Diplomacy

    “The people of Ukraine are divided – they are either pro- or anti-Russian,” stated Roger Waters, civil peace activist, who also addressed the Council today.  To those questioning his credentials, he said:  “I’m here to talk about war and peace and love, and my credentials are firmly in place.” “Hundreds of thousands of dead Ukrainian and Russian soldiers […] are in this room with us today [and] they haunt me,” he said. 

    Recalling the Maidan protests in Kyiv, he stressed that this is one of the problems with regime change — “dead bodies, they are somebody’s loved one”. Immediately after the Government change in 2014, Crimea seceded from Ukraine and joined the Russian Federation. “Did it secede or was it annexed?” he asked, pointing to a referendum held at the time, in which 95 per cent of Ukrainians in Crimea voted to secede. 

    The agreements — Minsk I, signed in September 2014, and Minsk II, in February 2015 — outlined steps for ending the conflict in eastern Ukraine through a political settlement.  The latter accord stipulated a ceasefire in certain areas of the Donetsk and Luhansk regions and the withdrawal of military equipment by both sides.  It also included a commitment by Kyiv to organize local elections and grant special status to the separatist-held areas in eastern Ukraine and the reinstatement of Ukraine’s full control over its border.

    Mr. Waters said that despite campaigning on the promise to resume Minsk II, Ukraine President Volodymyr Zelenskyy, who came to power in 2019, did not do so, and in 2022, Russian troops crossed the border to Ukraine. This war could have been avoided through diplomacy, he insisted, adding that President Zelenskyy had started talking to Russian President Vladimir Putin and by the end of April 2014, a ceasefire agreement had been agreed upon in Istanbul.  The war could have been a stillborn, but then United Kingdom Prime Minister Boris Johnson arrived in Kyiv with the message that the war should be continued as it “suits the Americans” — “the longer it takes, the better”. 

    Citing the telephone talks between United States President Donald Trump and President Putin as a potential move in the right direction, he concluded:  “Maybe there is a glimmer of light at the end of this dark tunnel of war — it comes three years and hundreds of thousands of priceless lives too late, but maybe it’s a start.”

    United States Committed to Ending Carnage, Restoring Europe’s Stability, its Speaker Says 

    Washington, D.C., is committed to ending the carnage and restoring Europe’s stability, the representative of the United States said, adding:  “We want a sovereign and prosperous Ukraine but we must start by recognizing that returning to Ukraine’s pre-2014 borders is an unrealistic objective.”  Further, he added:  “Chasing this illusionary goal will only prolong the war and cause more suffering.” At the same time, he underscored that the Russian Federation has consistently undermined the Minsk Agreement; therefore, a durable peace for Ukraine must include robust security guarantees to ensure the war will not begin again.  Describing Moscow’s illegal war of conquest as “a strategic error”, he said that “the easy way out is through negotiations”.  If Moscow, instead, “chooses the hard way”, it will incur greater and escalating costs to its economy and losses on the battlefield, he warned. 

    New United States Administration Has Created Space for Diplomacy, Russian Federation’s Representative Says 

    For his part, the Russian Federation’s delegate said that “the entry into office of the Republican United States Administration” has created space for the emergence of diplomacy.  Those who seized power in Ukraine, following the 2014 anti-constitutional coup, had no intention of implementing the Minsk Agreements, he said.  Citing statements by various Ukrainian officials who described the Agreements as “a noose on the neck” and “not binding in nature”, he said the Agreements were “a smokescreen” for Western countries while they provided Ukraine armaments. 

    Outlining lessons to draw from the failure of the Minsk process, he said European Union countries and the United Kingdom are “unfaithful to their word and they cannot be a party to any future agreement”.  Also stressing the need to provide autonomy to the east of Ukraine and guarantees for its Russian language population, he said that President Zelenskyy “is deathly afraid of elections and is doing everything possible to drag them out”.  A future Ukraine needs to be “a demilitarized neutral State, not a part of any blocs or alliances,” he said, adding that it was the prospect of the entry of Ukraine into the North Atlantic Treaty Organization (NATO) that triggered the crisis.

    Entire History of Minsk Agreement “Long List of Violations’ by Moscow”, Ukraine’s Delegate Says

    However, Ukraine’s delegate countered that the entire history of the Minsk Agreements “was a long list of violations” by Moscow.  In 2022, “on this very day”, “in this very chamber”, when her country expressed concern about the buildup of troops along its border and other developments, the Russian Federation had underscored that there is no alternative to the Minsk Agreements, she recalled.  Four days later, that country recognized the so-called independence of the Donetsk and Luhansk regions of Ukraine.  Among others, it never implemented paragraph 4 of the Minsk Protocol, concerning the establishment of a security area in the border regions of the two countries, she said.

     “It is because people of Ukraine are pro-Ukrainian [that] the Russian Federation has failed,” she added.  Any future arrangement involving the Kremlin must include enforcement mechanisms and preventive measures, she stressed, adding:  “What responsible States see as commitments to be upheld, the Russian Federation treats as a tactical ploy.”  Ukraine is working with its partners to find strong solutions, she said, stressing:  “Weak agreements will not bring real peace; they will only lead to the greater war.” 

    Other Council Members Weigh In

    Denmark’s delegate described the current meeting as “part of an ongoing disinformation campaign” to try and distract the international community from the subjugation of Ukraine.  Welcoming Ukraine’s ratification of the Rome Statute, she expressed support for a special tribunal to investigate crimes conducted in that country.  While “no one wants this war to end more than Ukraine”, the United Kingdom’s delegate said, President Putin’s preconditions for talks have been that Ukraine withdraws from large swathes of its own sovereign territory and abandons its right to choose its alliances.  “No country could accept this,” she said, reaffirming that London will provide concrete support for Ukraine for as long as needed. 

    “The Minsk Agreements were a diplomatic initiative designed to prevent further bloodshed and establish a political pathway to peace in Ukraine,” said Germany’s representative, adding that Moscow obstructed its implementation and chose to pursue expansionist conquest.  “This war should not have been started in the first place,” she stressed, calling on all States to unite behind the draft General Assembly resolution on advancing peace in Ukraine.  Along similar lines, France’s delegate highlighted the tireless mediation by Paris and Berlin, to enable Ukraine and Russian Federation to find common ground. However, Moscow chose war, he said, while Greece’s delegate stressed that “no interpretation of the Minsk Agreements can ever justify the invasion of Ukraine”.

    “We need something more than Minsk III,” Slovenia’s delegate said, adding that the abstract nature of the Agreements allowed for multiple interpretations.  Any future accord must be much be more specific with clear timelines, defined sequencing and a monitoring mechanism, he stressed.  Similarly, Somalia’s delegate underscored the importance of clarity, particularly in diplomatic tools, and said the implementation of ceasefire provisions requires robust and impartial verifying mechanisms.  The Republic of Korea’s delegate stressed that “the entire world is well aware of who is aggressor and who is the victim,” also adding that the Democratic People’s Republic of Korea’s support of the Russian Federation, with troops and munitions, is a grave violation of the Organization’s resolutions. 

    Several speakers expressed concern about the failure of diplomacy, while others called on the international community to rally behind new diplomatic efforts.  Since the onset of the Ukraine crisis, Beijing has been calling for a political solution through dialogue and has been actively engaged in diplomatic mediations, China’s representative, Council President for the month, said in his national capacity.  The legitimate security concerns of all countries should be taken seriously, he said, welcoming the Washington, D.C.-Moscow agreement to start peace talks. 

    “We have been consistent in our calls for restraint,” said Pakistan’s delegate, as he expressed regret that the Minsk Agreement could not reach just and lasting peace in the region.  “We must learn from the past so we do not commit the same errors,” Panama’s delegate added, stressing that dialogue and diplomacy is the only path to peace. 

    “The failed implementation of the Minsk Agreement cannot be the reason to prolong this war,” said Guyana’s delegate, reiterating calls for an end to the hostilities and for the withdrawal of Russian Federation’s forces from Ukraine’s territory.  “Until this day more and more civilians are losing their lives, including women and children,” pointed out Algeria’s representative, while Sierra Leone’s delegate underscored that “the conflict in Ukraine will not be resolved by military means”.

    MIL OSI United Nations News

  • MIL-Evening Report: Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars?

    Source: The Conversation (Au and NZ) – By Felicity Deane, Professor, Queensland University of Technology

    Australian beef exports to the United States are GST-free and should not be subject to any retaliatory tariff. William Edge/Shutterstock

    The latest round of proposed tariffs from US President Donald Trump includes a response to what the White House describes as “unfair” taxes – specifically, value-added taxes such as Australia’s Goods and Services Tax (GST).

    Most economically advanced countries have a value-added tax (VAT) or sales tax on consumption. This applies to domestic goods and services as well as to imports. The United States is one of the few countries that does not impose a sales tax, though many of the states impose their own sales tax.

    So the argument, according to the White House, is these taxes apply to imported goods, but not to exports.

    Is the GST a tax or a tariff?

    The GST is a broad-based consumption tax of 10%. It applies to most goods and services that are consumed in Australia, regardless of their origin.

    An import tariff – sometimes called an import duty – is imposed exclusively on imported goods as a condition of market access.

    Tariffs are not imposed on domestically produced goods at all. This is the main point of difference with a domestic consumption tax. The GST applies equally to imported and domestically produced goods, adhering to long-agreed international trade rules.

    It remains unclear how the Trump administration intends to implement a tariff that is equivalent to the 10% GST. In effect, this becomes a tax on US consumers if they buy Australian goods.




    Read more:
    What’s a trade war?


    Such an indirect tax would be regressive, which means it falls more heavily on lower-income consumers. The expansion of tariffs to include other nations’ VAT systems also represents a significant overreach into national sovereignty. It has long been accepted that sovereign nations have the right to tax their citizens and businesses as they see fit.

    Indeed, Australia’s GST is among the lowest among economically advanced nations, for which the average is 19%, so the wider impact on US consumers will be even greater.

    Goods that are exported to the US face a new round of tariffs.
    Shutterstock

    Trump is clearly (and unapologetically) seeking to reinvigorate US manufacturing. But the reality is that US labour costs are high. It is also inefficient for any country to produce all the goods and services its population requires. This is particularly the case in such a high-consumption nation as the US.

    The US has been described as a consumer of last resort
    because strong consumer demand has been filled by ever rising imports from other countries. The mutually beneficial relationship between the US and China has enabled the rise of the middle class in China. Trump’s tariffs may shift this, causing geopolitical tensions and economic instability.

    Australia’s response: pausing the digital services tax

    While these tariffs primarily harm US consumers, Australian businesses will also feel the effects. However, it is unclear to what extent. Notably, one main export to the US, unprocessed agricultural products such as beef, are GST-free and should not be subject to any retaliatory tariff.

    However, many other Australian exports could be disadvantaged. Trump’s policies will raise the cost of Australian imported goods in the US market, potentially making them less appealing to US consumers.

    The threat of these tariffs is clearly a problem for a federal government facing an impending election, and Prime Minister Anthony Albanese has so far responded cautiously. While a diplomatic approach may secure a minor concession, it’s in stark contrast to Canada’s firm stance, which included immediate threats of retaliatory measures.




    Read more:
    Whether we carve out an exemption or not, Trump’s latest tariffs will still hit Australia


    Trump’s use of tariff threats as a negotiating tactic does appear to be having the desired effect, with a potential suspension of Australia’s proposed big tech levy. This proposal would have imposed a tax on major tech firms such as Meta and Google if they did not reach a direct agreement with local media companies.

    Reports indicate the government has put this proposal on hold due to the risk of retaliatory tariffs from the US. Such a tax would likely have invoked the wrath of the US administration, with the digital services levies of Canada and France specifically referenced in the most recent White House tariff announcement.

    It is fair to say the White House statement deliberately misleads any reader into thinking that tariff percentages directly impact on trade volumes.

    This statement ignores a fundamental principle that has made international trade so appealing since World War II – and why economists have argued in support of it for hundreds of years. Countries produce and trade the goods and services at which they are efficient. Efficiency leads to lower costs which, all else being equal, means consumers are better off.

    The statement from the White House, together with Trump’s past pronouncements, demonstrate that all rules to do with international taxation and fairness have been thrown out.

    This does not appear to be the main concern, however, with Australian negotiators potentially willing to put on hold a crucial policy to ensure the long-term viability of local journalism.

    This is just the beginning. Anyone who felt some comfort and safety in the strength of our own democracy should carefully consider the overreach that is occurring through these threats.

    Felicity Deane 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. Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars? – https://theconversation.com/is-australias-gst-a-tax-or-a-tariff-and-why-has-it-become-a-target-in-the-trade-wars-250041

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss

    Source: The Conversation (Au and NZ) – By Justine Bell-James, Professor, TC Beirne School of Law, The University of Queensland

    Almost 200 nations have signed an ambitious agreement to halt and reverse biodiversity loss but none is on track to meet the crucial goal, our new research reveals.

    The agreement, known formally as the Kunming-Montreal Global Biodiversity Framework, seeks to coordinate global efforts to conserve and restore biodiversity. Its overarching goal is to safeguard biodiversity for future generations.

    Biodiversity refers to the richness and variety within and between plant and animal species, and within ecosystems. This diversity is declining faster than at any time in human history.

    Five years remain until the framework’s 2030 deadline. Our research shows a more intense global effort is needed to achieve the goals of the agreement and stem the biodiversity crisis.

    Biodiversity is in decline

    Biodiversity decline is a growing global issue. Around one million animal and plant species are threatened with extinction.

    The problem is driven by human activities such as land clearing, climate change, pollution, excessive resource extraction and the introduction of invasive species.

    As biodiversity continues to degrade, the foundation of life on Earth becomes increasingly unstable. Biodiversity loss threatens our food, water and air. It increases our vulnerability to natural disasters and imperils ecosystems crucial for human survival and wellbeing.

    The Global Biodiversity Framework was adopted in late 2022 after four years of consultation and negotiation. It involved 23 core commitments to be met by 2030 involving both land and sea. Key to the deal is protecting areas from future harm, and restoring past harms.

    These aims are captured in two targets.

    The first is ensuring 30% of degraded areas are under “effective restoration” to enhance biodiversity. This could involve replanting vegetation, reducing weeds and other pests, or restoring water to drained areas.

    The second is to effectively conserve and manage 30% of land and sea areas – especially those important for biodiversity and the ways ecosystems function and benefit humans. This could mean creating national or marine parks, or nature refuges on private land.

    Importantly, countries should both increase the size of areas protected or under restoration (a matter of quantity), and choose areas where interventions will most benefit biodiversity (a matter of quality).

    Nations were asked to provide an action plan before October 2024. In a paper published today, we reviewed these plans.

    What we found

    Our findings were disappointing. Only 36 countries (less than one quarter of signatory nations) submitted a plan. Australia was one of them.

    And the plans provided were underwhelming. In particular, nations fell badly short on the restoration target. Only nine out of 36 countries committed to restoring a specific percentage of land and sea.

    For example, Italy pledged only to restore “large surfaces of degraded areas” and Australia committed to restoring “priority degraded areas”.

    Defining commitments with numbers is important, because it allows progress to be monitored and measured, and forces nations to be accountable.

    Of those nine countries that made specific restoration commitments, only six committed to the 30% goal: Aruba, China, Curaçao, Japan, Luxembourg and Uganda.

    The results were better when it came to protecting land and sea. Some 22 of the 36 countries set a percentage target for protection. However, only 14 committed to protecting at least 30% of areas, in line with the goals of the deal.

    Again, quality is also important here. Under the deal nations signed up to, protected land should enhance biodiversity, and cover areas very valuable for biodiversity recovery. However, many nations were silent on the issue of quality when outlining their planned protections. It means their efforts could, in some cases, do little for biodiversity.

    A spotlight on Australia

    In recent years, Australia has sought to establish itself as a biodiversity leader on the international stage. This included hosting the global Nature Positive Summit in October last year.

    Following the summit, the federal government claimed it was:

    a tangible demonstration of Australia’s commitments under the Kunming Montreal Global Biodiversity Framework. It showed our willingness to work collaboratively towards the goal of halting and reversing biodiversity loss.

    But despite the rhetoric, our research shows Australia’s plans are not particularly impressive.

    As noted above, Australia does not provide a percentage target for ecosystem restoration. Instead, its plan refers broadly to restoring “priority areas” without defining what these areas are.

    Australia’s plan pledges to identify “priority degraded areas” and define what “under effective restoration” means, but does not outline how this will be done.

    Australia is more aligned with global leaders on protection of biodiversity. It committed to safeguarding 30% of land and water in protected areas.

    However, it provided limited details on how it will select, implement and enforce protection measures. The plan also fails to recognise current shortcomings in protected areas, both in oceans and on land – in particular, Australia’s focus to date on quantity over quality when it comes to selecting sites.

    In contrast, the nation of Slovenia mapped out proposed protected areas.

    So, while Australia did submit an action plan, it has missed the opportunity to be a true global leader.

    Running out of time

    The Global Biodiversity Framework aims to unite nations in the fight to conserve and restore biodiversity. But as our research shows, many countries do not have plans to achieve this, and plans submitted to date are largely inadequate.

    As species and habitats are lost, ecosystems become less stable. This damages human health and wellbeing, as well as economies. Biodiversity loss also undermines vital cultural and spiritual connections to nature.

    All countries must accelerate efforts to avert the biodiversity crisis, and preserve Earth’s precious natural places for future generations.

    Justine Bell-James receives funding from the Australian Research Council, the National Environmental Science Program, and Queensland Government’s Department of Environment, Tourism, Science and Innovation. She is a Director of the National Environmental Law Association.

    James Watson has received funding from the Australian Research Council, National Environmental Science Program, South Australia’s Department of Environment and Water, Queensland’s Department of Environment, Science and Innovation as well as from Bush Heritage Australia, Queensland Conservation Council, Australian Conservation Foundation, The Wilderness Society and Birdlife Australia. He serves on the scientific committee of BirdLife Australia and has a long-term scientific relationship with Bush Heritage Australia and Wildlife Conservation Society. He serves on the Queensland government’s Land Restoration Fund’s Investment Panel as the Deputy Chair.

    ref. With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss – https://theconversation.com/with-just-5-years-to-go-the-world-is-failing-on-a-vital-deal-to-halt-biodiversity-loss-249841

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Security Council Renews Sudan Sanctions Panel, Adopting Resolution 2772 (2025) by 13 Votes in Favour, 2 Abstentions

    Source: United Nations 4

    The Security Council today extended until 12 March 2026 the mandate of the Panel of Experts tasked with assisting its Sanctions Committee concerning Sudan, requesting a final report on the Panel’s findings and recommendations by 13 January 2026.

    Adopting resolution 2772 (2025) (to be issued as document S/RES/2772(2025)) by a vote of 13 in favour to none against, with 2 abstentions (China, Russian Federation), the Council — acting under Chapter VII of the Charter of the United Nations — also requested the Panel to provide the Security Council Committee established pursuant to resolution 1591 (2005) concerning Sudan with an interim report on its activities no later than 12 August.

    Further, the Council requested the Panel to provide updates regarding its activities to that Committee every three months, also expressing its intention to review the Panel’s mandate and take appropriate action regarding its further extension no later than 12 February 2026. It also encouraged all parties, Member States and international, regional and subregional organizations to ensure continued cooperation with the Panel, as well as the safety of its members.

    Speaking after the vote, the representative of the United States — the text’s main author — emphasized that the Panel’s independent reporting will facilitate both Member States’ support for Sudan and “efforts to reach a lasting resolution to a conflict that has caused the world’s largest humanitarian crisis”.  The Panel’s reporting provides unique information crucial to stemming the flow of arms and funds, stopping the fighting and supporting a civilian-led political alternative to both the Sudanese Armed Forces and the Rapid Support Forces, he added.

    Condemning the Rapid Support Forces’ recent attack on the Zamzam refugee camp in Darfur, the representative of the United Kingdom similarly underlined the continued importance of the Panel’s reporting. While welcoming the renewal of the Panel’s mandate, she said that her delegation would have preferred to retain previous language that called on the parties to cease violations of international law and condemned attacks against civilians.  She stressed:  “It is vital that this Council remain focused on protecting civilians in Sudan, given the violence being committed against so many.”

    Several Council members expressed regret that their proposal to align the extension of the Panel of Experts’ mandate with the sanctions measures imposed on Darfur was not taken on board, noting that the former’s mandate extends beyond the latter’s expiration in September.

    “This misalignment, unique to the sanctions regime in Darfur, must be addressed by the Council,” said the representative of Guyana — also speaking for Algeria, Sierra Leone and Somalia.  Nevertheless, they voted in favour of the resolution to reaffirm their continued support for the Panel of Experts, she said, expressing concern over escalating violence, arms flows and child recruitment in Sudan.

    “These developments reinforce the need for sustained monitoring and reporting by the Panel of Experts to keep the Council informed and engaged.”  However, conflict resolution requires a range of tools, and sanction measures alone have not been universally effective in restoring international peace and security.  “There must be a clear and defined pathway for the eventual lifting of sanctions, with periodic evaluations to ensure they serve their intended purpose without causing unintended consequences,” she said.

    Pakistan’s representative also expressed regret that “another opportunity was missed to align the reporting period of the Panel of Experts with that of the sanctions regime in Darfur”, pointing to the author’s “inflexibility to accommodate a six-month extension of the Panel with an automatic extension of 12 months”.  He also voiced concern that the resolution was put to the vote without accommodating the views of all Member States.

    Echoing that, the representative of the Russian Federation said that it is “unacceptable” that the Panel has been instructed to draft reports beyond the timeline of the sanctions regime itself.  “Even any hints” of extending that regime beyond Darfur is also unacceptable, he stressed, as these measures — introduced 20 years ago — “have not benefitted the Sudanese in any way”.  He added that the Panel’s activities must be impartial, “rather than using the mandate as a battering ram against the interests of the Sudanese people and Government”.

    The representative of China, Council President for February, then spoke in his national capacity to observe that the misalignment between the renewal cycles for the Panel’s mandate and the relevant sanctions regime has existed for some time — not because of the complexity of the issue, but fundamentally a lack of political will.  “The solution is quite simple,” he said, pointing out that either the Panel’s mandate or the sanctions regime itself could be extended, once, for six months.

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: HKSAR Government confiscated criminal proceeds of absconders endangering national security in accordance with the law

    Source: Hong Kong Government special administrative region

         The Court of First Instance yesterday (February 17), upon application by the Department of Justice (DoJ), issued the confiscation order under section 9 of Schedule 3 of the Implementation Rules for Article 43 of the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (Implementation Rules), concerning the confiscation of proceeds Hui Chi-fung obtained from committing offences endangering national security. The Hong Kong Special Administrative Region (HKSAR) Government has noted the unfounded smear and malicious attacks online regarding the actions taken by the Court in accordance with the law. The HKSAR Government strongly condemned and opposed this, and it is necessary to rebuke and to set out the following facts to set the record straight.

         An HKSAR Government spokesman stressed, “Hong Kong is a society underpinned by the rule of law and has always adhered to the principle that laws must be obeyed and lawbreakers be held accountable. Amongst others, it is a common and effective practice to make an application to the Court for a confiscation order to prevent offenders from benefiting from their criminal acts. In fact, laws and mechanisms for confiscation of crime proceeds are common around the world. They cover the crime proceeds from commission of any serious offence, including offences endangering national security.”

         “Hui Chi-fung has committed numerous heinous crimes, with a number of criminal charges being laid against him. He conspired with foreign politicians in 2020 to forge documents and deceive the court with false information in order to obtain the court’s permission to leave Hong Kong while he was on bail, and jumped bail and absconded overseas. Afterwards, Hui Chi-fung was suspected to have committed offences endangering national security overseas. On August 12, 2021 and June 21, 2023, two magistrates issued warrants against Hui Chi-fung for allegedly committed crimes of ‘inciting secession’, ‘inciting subversion of state power’, and ‘colluding with foreign or external forces to endanger national security’. Hui Chi-fung is currently a wanted person with reward notice by the Police, and specified as relevant absconder by the Secretary for Security under sections 89(1) of the Safeguarding National Security Ordinance.”

         The spokesman stressed, “The application for and issuance of the confiscation order must comply with the strict conditions specified in Schedule 3 of the Implementation Rules, including that the Court must first be satisfied that the absconded defendant could have been convicted of the relevant offence and must determine whether the defendant has benefited from that offence. The Court must also ascertain the value of the proceeds of the offence endangering national security and the amount that might be realised at the time the confiscation order is made. Therefore, there is absolutely no situation in which private property could be ‘confiscated at any time’ or ‘arbitrarily’. ”

         The spokesman pointed out, “Before and after Hui Chi-fung absconded from Hong Kong, he transferred nearly $2.5 million Hong Kong dollars in personal assets as gifts to his mother and wife. The Court is also satisfied with the relevant transaction evidence submitted by DoJ.”

         According to the law, if a defendant benefits from committing an offence endangering national security and makes a gift at any time from six years before the date of prosecution onwards, the property held by the recipient of the gift may be regarded as the defendant’s realisable property and confiscated. Mechanisms are in place worldwide to prevent criminals from transferring their criminal proceeds to others to evade confiscation.

         “The value of the criminal proceeds ordered for confiscation by the Court is determined strictly based on evidence and in accordance with the law. The value of the criminal proceeds attributed to Hui Chi-fung was calculated based on the relevant evidence to establish a reasonable value.”

         The spokesman reiterated that endangering national security is a very serious crime. The HKSAR Government will do everything possible and use all legal means to pursue and combat criminals who endanger national security as well as to hold them accountable, thereby safeguard national security.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of Vice-President’s Address at Indian Institutes of Science Education and Research (IISER), Mohali (Excerpts)

    Source: Government of India

    Posted On: 17 FEB 2025 6:48PM by PIB Delhi

    Good afternoon all of you. If there has been some disruption in your normal activity, because as Vice-President of the country, I take it as my prime obligation to connect with young minds and important institutions. It is from that perspective I solicited this invitation.

    I am grateful that it was accepted. Professor Anil Kumar Tripathi, Director IISER, a man who brings on the table huge experience, commitment, and in his brief address he has revealed the object, the performance and the potential. Professor Renu Vig, Vice-Chancellor, Punjab University, has two distinctions.

    One, she is the first ever woman Vice-Chancellor of the Punjab University, a very prestigious university. I am sure we can applaud her, and, she is the 14th Vice-Chancellor, appointed by a Chancellor, who happens to be the 14th Vice-President of the country, that’s myself. Both of us missed number 13 very narrowly. Professor R.P. Tiwari, Vice-Chancellor, Central University of Punjab. Have you noticed something unique here? There are three Vices. So, Professor Anil Kumar Tripathi can be happy and delighted. Unless he says that prefix of Vice does not mean vice as it is defined in the dictionary, I would not reflect upon myself. But I can assure you, Vice-Chancellor Renu Vig and Vice-Chancellor R.P. Tiwari have no Vices.

    This is a unique Institution and 7 being in number. Having been Governor in the State of West Bengal for three years, I am aware of these Institutions and the seminal role they play in the evolution of the heart. Every institution is defined by the faculty, and I greet members of the faculty who are very distinguished and are futuristic in their outlook, whatever little I have gathered. We as a nation can take pride that we have an unparalleled legacy unknown to other nations. That long, and if we traverse our civilisational journey of 5000 years, we will find Bharat had been glory of the world,epicenter of knowledge and culture. People from all over the world flocked in pursuit of knowledge. That is your motto. What a motto you have picked up. Nalanda, Taxila, people came from all over the world in search of knowledge, shared knowledge and wisdom.

    We at the moment are at a very critical juncture, and I say so with some amount of nostalgia. I got into the seat of governance 35 years ago when I was elected to Parliament (Lok Sabha) and had the good fortune to be a Minister. I know the situation there. The mood of the nation. Our worrisome foreign exchange disturbed Jammu and Kashmir. I saw it all around, and our government didn’t last long, not because of me. And what I see now, 180 degree difference. The nation has an environment of hope and possibility. Our global image is very high.

    Leadership of the Prime Minister is globally acknowledged. And we have traversed against heavy winds. Difficult terrain. From fragile five economies to the world’s largest five economies at the moment. Ahead of those who ruled us for centuries, the Great Britain. It is a matter of time. That we will be marching ahead of Japan and Germany also to be the third largest in about a year or so. Such a jump. When I was elected first in parliament I had no courage to dream. Then that was the time, young boys and girls, where a Member of Parliament felt really an authority because he or she could give 50 gas connections or 50 telephone connections in a year. Imagine where we have come. In the shortest possible time, 550 million people of the country benefited from banking inclusions. They never had that account.

    Over 100 million households have toilets. Cooking gas in every house, electricity in every house, internet in every remote corner, health centres and education centres around, road connectivity, everything is happening. World class infrastructure we are seeing of global benchmark, and therefore, as I said this morning also, no nation in the world has grown as fast in the last 10 years as Bharat. This has created a challenge. A challenge of aspirational youth. They want more. They are entitled to more because they have tasted development. They see it on the ground. They know that per capita internet consumption of India is more than that of US and China taken together, that speaks of our access to technology and adaptability of technology.

    When it comes to direct transfers, a service delivery driven by technology, our direct digital transactions are four times the combined transactions of USA, UK, France and Germany. We are a nation where global entities, International Monetary Fund, World Bank are appreciating us. I recall my days in 1990 as a minister.

    Our gold had to be shipped in an aeroplane to be placed to two banks in Switzerland because our foreign exchange was around 1 billion US dollars. Now it is 700 times. And not a cause of concern, and therefore, the challenge is how do we meet aspirations of our young minds and my message to young minds. Seriously, look around, the opportunity basket which for you is getting larger and larger by the day. Come out of these silos and groove that are defined jobs only with the government or working in a corporate.

    Startups, unicorns are doing wonders. Let me tell you, IITs and IIMs have given these unicorns. But about 50% are from other institutes. I know the potential this country has because I have been to ISRO. Seen for myself. I have seen emerging space economy, there I came to learn for the first time when our rocket had to be put in space. It was not from Indian soil, and now we put rockets of other countries, USA also, developed countries also, Singapore also, from our and make money. Good value for money. Chandrayaan, Gaganyaan – They are defining us.

    I had the good occasion to have discussion with S. Somnathan, ISRO chairman, he was till recently, now V. Narayanan. Their fire, their zeal, their commitment, very different. In Bangalore, Govindan Rangarajan, Indian Institute of Science, and Dr. Clyde Shelby. I had the occasion to see personally what kind of innovations are being done for larger public welfare by scientific and industrial research. I say so because a country’s reputation, image, power is to be defined by research.

    Research is the bedrock of economic supremacy and global distinction. There was a time when we did not bestow attention on research and we thought somebody will give it to us with a price. And that someone will decide how much to give, on what terms to give but now, we have changed that. Nations that lead in research have global respect in economy, in strategy. And countries depend on them. Just imagine how far we have gone when it comes to meteorological predictions. We are one of the best in the world. As Governor-General of West Bengal, and the state is prone to cyclones, super cyclones, there was no mortality on high seas. The prediction was very accurate. Scientific prowess defines strategic prowess. Conventional wars are gone.

    And we have an ancient legacy of having been researchers, discoverers, giving to the world right from zero in arithmetic or mathematics. Aryabhatta, Brahmagupta laid foundations of global mathematics. Our scientific pantheon, Raman known by Raman effect, Bose, Sarabhai, Chandrasekhar, Shah, Bhatnagar, and our former president, they define India’s research mind, orientation. They exemplify commitment to research. And look at those days, we were in colonial shackles. Raman effect discovered against colonial scepticism.

    It stands as a testament to our Indian scientific beliefs. Cutting edge research is demand of the times. And the research has to correlate to fulfil the needs of the society. A research that is to be put on the shelf, a research that is for the self, a research that embellishes the profile, a research that contributes only to credentials is not the research. A research that only scratches the surface is not the research. The research has to be authentic.

    The research must create a wave. It must have positive, cascading impact on the lives of the people. Industries, business, trade and commerce are driven by research. At the moment, boys and girls, we are living in times we never imagined. You are facing those times as much as I am doing. We call them Artificial Intelligence, Internet of Things, Blockchain, Machine Learning and the kind. Blockchain for some may be Blockchain. Machine Learning may be Machine Learning only. But look at the power these technologies have.

    And these technologies are known as disruptive technologies. But these technologies come with enormous challenges that can uproot us. But they come also with a basket of opportunities. And we must focus on unleashing opportunity out of these disruptive technologies. Our research has to come up to that mark. It is our good fortune that the government is alive to the situation.

    And we as a nation, home to one sixth of humanity, are at the moment focussing on these technologies. Our quantum computing. There is a reflection by the director. About 6 lakh or 8 lakh jobs will be created out of investment of 6 lakh crores. Quantum computing, there is allocation of 6,000 crores and 18,000 crores for green hydrogen mission. These are the opportunities for you people. Space economy, blue economy. These are the opportunities for you.

    And therefore research has to facilitate life of the ordinary person. To improve our industry, our administration. A nation of 1.4 billion and a rich human resource unrivalled in the world. If it is catalysed and activated by temperament of research, the results will be exponential, geometric and revolutionary. Because now Bharat is no longer a nation with a potential. Our rise is unstoppable for last few years.

    It is incremental. And therefore, there has to be a greater commitment that research in the country is in the big league, in the Platinum category. And for that, the faculty has to brainstorm. We cannot have satisfying moments. As reflected by a Greek philosopher much before Socrates’ era, Heraclitus, Boys and Girls, now we are having change every moment. Paradigm shift.

    We are virtually at an industrial revolution. Unknown to the humanity before. And if nations have to go ahead of others, we have to focus on research. There was a time in Silicon Valley otherwise we could hardly see an Indian. And there is now hardly a global corporate that doesn’t have an Indian man or woman at the peak. Our demographic dividend now requires universalist engineering, mathematics. And that is why, after more than three decades, a game-changing education policy was introduced. And that was to give you enough room so that you can go after your aptitude and distance from the package of just degrees.

    I will take the occasion to appeal to corporates that they must come forward to drive the engines of research. Liberally contribute because ultimately they are the beneficiaries. Alongside the government they should be making liberal contributions beyond their CSR funds. If you look at the global corporates, how much they invest you will be surprised. We take pride in the last five years. We have increased our research fiscal commitment in the corporates to 50% above.

    From 0.89% of their revenue to 1.32% of their revenue. I find it deficient. Investment has to be many times more. We take pride also because earlier things were not moving. Now things are moving. When things are moving, we notice a change. Patents have nearly more than doubled in the last ten years. But our patents must be in consonance with our demographic participation in the world. One-sixth we must have. Because we are one-sixth of humanity. And this one-sixth of humanity qualitatively is very different than one-sixth. And therefore, taking note of technology access and adaptability, we need to be in optimal performance mindset.

    Imagine a country where 100 million farmers, three times a year, get direct banking transfers. Young boys and girls were not aware, there was a time when corruption was the password for opportunity, recruitment or business licence. Power corridors were leveraged by lies and agents. All this neutralised. And neutralised also through technological applications. Because middlemen have been shown the door. So when I look at your institute, Director, science, education and research, the triangle, this defines your role. Pursuit of knowledge. It starts with education. Because education as a transformative vehicle is very powerful. It brings about equality. Any one of you can have unicorn and be in the big league of industry. You don’t have to look to the situation. That yes, my father was in the industry, that’s true. We need to fight by technology. That’s the sin we are facing. So education. In education, science is important.

    Because science unfolds your mind to generate creativity, innovation. And then the next step is research. A combination of these will unlock the enormous potential of Indian mind. Will make available avenues and vistas to our population. Every nation hopes to be self-reliant. But we as a nation are very large. Complex on occasions. When the nation is growing so fast, some of us, the number is very small. The traction is large. Put personal interest, commercial interest, political interest, above national interest. This can’t be allowed. This is unfair to boys and girls.

    This is unfair to everyone, because if in our democracy there is someone as a class more serious, significant stakeholder in democracy and growth, than any one of us sitting here, is the youth of the country. Because as we march for Viksit Bharat after 2047, you are the driving force behind engines of growth. And therefore we have to give new dimension now. Make in India, start up India. And look at technology. It has to get into healthcare.

    Technology has to get into education. Technology can catalyse that quality health and quality education is available to one and all. And if that happens, Bharat will be what it has been for centuries.Our lean period started in 12th century. Then marauders came, invaders came, recklessly destroyed our culture. They sacrileged our religious places to an extent that they put their own at the same place. Then came the Britishers who did not give us the education to rule ourselves. They gave us education and taught us history as suited to them. Now things have changed. We are much ahead of UK in economy. We have a bunch of institutions now all over the country. IITs, IIMs, Institutions like yours, and therefore we must have this ecosystem with ears and eyes on the ground. The litmus test is changing the life of the ordinary man. We all stand committed to that because that is our preamble.

    We the people of India want these things. I conclude for time constraint. What Vivekananda said, “Arise, awake, stop not till the goal is achieved”. A motto which you must have. From my side I can give it to you. Have no tension, Have no stress, Never fear failure. Failure is natural. Sometimes you will be surprised, Oh he has succeeded, he should not have succeeded, take it in stride. System is transparent, there will be aberrations. Sometimes you will find, Oh! my own success is unjustified. These are situations natural to us, and then Dr. Kalam whose heart was always in education. I recollect when he met his maker. He was with the students in the North East, and what he said I quote,

    “Dreams transform into thoughts, and thoughts result in action” and therefore my ultimate plea with you, If an idea occurs to you don’t allow your mind to be a parking ground for that idea because you fear you may fail. Get rid of it. Failure is a myth because there is no one who has not failed but they never took failure as failure. Chandrayaan 2 was failure for some who are critics, who are recipe for negativity. Chandrayaan II did not fail, It went that far, and Chandrayaan III did the rest. Let your innovations catalyse India’s scientific renaissance, and advance human progress because we are a country that believes in ‘Vasudhaiva Kutumbakam’ – One Earth, One Family, One Future, that was our motto to the entire world.

    Once again, I am grateful to the Director for making available this opportunity to me at a very short notice. I understand that there has been some inconvenience, I would urge that you overlook it.
    Thank you so much.

    *****

    JK/RC/SM

    (Release ID: 2104169) Visitor Counter : 15

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: The cumulative exports (merchandise & services) during April-January 2024-25 is estimated at USD 682.59 Billion, as compared to USD 636.69 Billion in April-January2023-24, an estimated growth of 7.21%.

    Source: Government of India (2)

    Ministry of Commerce & Industry

    The cumulative exports (merchandise & services) during April-January 2024-25 is estimated at USD 682.59 Billion, as compared to USD 636.69 Billion in April-January2023-24, an estimated growth of 7.21%.

    The cumulative value of merchandise exports during April-January2024-25 was USD 358.91 Billion, as compared to USD 353.97 Billion during April-January2023-24, registering a positive growth of 1.39%.

    Non-Petroleum exports in January2025 valued at USD 32.86Billion registered an increase of14.47% as compared to USD 28.71Billion in January2024.

    The cumulative Non-Petroleum exports in April-January2024-25 valued at USD 305.84Billion registered an increased of7.90% as compared to USD 283.45Billion in April-January2023-24.

    Non-petroleum & Non-Gems & Jewellery exports registered an increase of 14.33% from USD 26.12 Billion in January2024 to USD 29.87 Billion in January2025.

    Major drivers of merchandise exports growth in January2025 include Electronic Goods, Engineering Goods, Drugs & Pharmaceuticals, Rice and Gems & Jewellery.

    Electronic Goods exports increased by 78.97 % from USD 2.29 Billion in January2024 to USD 4.11 Billion in January2025.

    Engineering Goods exports increased by 7.44 % from USD 8.77 Billion in January2024 to USD 9.42 Billion in January2025.

    Drugs & Pharmaceuticals exports increased by 21.46 % from USD 2.13 Billion in January2024 to USD 2.59 Billion in January2025.

    Rice exports increased by 44.61 % from USD 0.95 Billion in January2024 to USD 1.37 Billion in January2025.

    Gems & Jewelleryexports increased by 15.95 % from USD 2.59 Billion in January2024 to USD 3 Billion in January2025.

    Posted On: 17 FEB 2025 6:15PM by PIB Delhi

    • India’s total exports (Merchandise and Services combined) for January2025* is estimated at USD 74.97 Billion, registering a positivegrowth of 9.72 percent vis-à-vis January2024.Total imports (Merchandise and Services combined) for January2025* is estimated at USD 77.64 Billion, registering a positive growth of 12.98 percent vis-à-vis January2024.

     

    Table 1: Trade during January2025*

     

     

    January2025

    (USD Billion)

    January2024

    (USD Billion)

    Merchandise

    Exports

    36.43

    37.32

    Imports

    59.42

    53.88

    Services*

    Exports

    38.55

    31.01

    Imports

    18.22

    14.84

    Total Trade

    (Merchandise +Services) *

    Exports

    74.97

    68.33

    Imports

    77.64

    68.72

    Trade Balance

    -2.67

    -0.39

    * Note: The latest data for services sector released by RBI is for December2024. The data for January2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-January2023-24 and April-September2024 has been revised on pro-rata basis using quarterly balance of payments data.

    Fig 1: Total Trade during January2025*

    • India’s total exports during April-January2024-25* is estimated at USD 682.59 Billion registering a positive growth of 7.21 percent. Total imports during April-January2024-25* is estimated at USD 770.06 Billion registering a growth of 8.96 percent.

    Table 2: Trade during April-January2024-25*

     

     

    April-January2024-25

    (USD Billion)

    April-January2023-24

    (USD Billion)

    Merchandise

    Exports

    358.91

    353.97

    Imports

    601.90

    560.27

    Services*

    Exports

    323.68

    282.71

    Imports

    168.17

    146.48

    Total Trade

    (Merchandise +Services) *

    Exports

    682.59

    636.69

    Imports

    770.06

    706.75

    Trade Balance

    -87.47

    -70.06

    Fig 2: Total Trade during April-January2024-25*      

        

    MERCHANDISE TRADE

    • Merchandise exports during January2025 were USD 36.43 Billion as compared to USD 37.32 Billion in January2024.
    • Merchandise imports during January2025 were USD 59.42 Billion as compared to USD 53.88 Billion in January2024.

     

    Fig 3: Merchandise Trade during January2025

    • Merchandise exports during April-January2024-25 were USD 358.91 Billion as compared to USD 353.97Billion during April-January2023-24.
    • Merchandise imports during April-January2024-25 were USD 601.90 Billion as compared to USD 560.27 Billion during April-January2023-24.
    • Merchandise trade deficit during April-January2024-25 was USD 242.99 Billion as compared to USD 206.29 Billion during April-January2023-24.

    Fig4: Merchandise Trade during April-January2024-25

    • Non-petroleum and non-gems & jewellery exports in January2025 were USD 29.87Billion compared to USD 26.12Billion in January2024.
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in January2025 were USD 41.20Billion compared to USD 34.23Billion in January2024.

     

    Table 3: Trade excluding Petroleum and Gems & Jewellery during January2025

     

    January2025

    (USD Billion)

    January2024

    (USD Billion)

    Non- petroleum exports

    32.86

    28.71

    Non- petroleum imports

    45.99

    38.35

    Non-petroleum & Non-Gems & Jewellery exports

    29.87

    26.12

    Non-petroleum & Non-Gems & Jewellery imports

    41.20

    34.23

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 5: Trade excluding Petroleum and Gems & Jewellery during January2025

    • Non-petroleum and non-gems & jewellery exports in April-January2024-25 were USD 281.46 Billion, compared to USD 256.56 Billion in April-January2023-24.
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-January2024-25 were USD 378.34 Billion, compared to USD 354.86 Billion in April-January2023-24.

    Table 4: Trade excluding Petroleum and Gems & Jewellery during April-January2024-25

     

    April-January2024-25

    (USD Billion)

    April-January2023-24

    (USD Billion)

    Non- petroleum exports

    305.84

    283.45

    Non- petroleum imports

    447.06

    414.77

    Non-petroleum &Non Gems& Jewellery exports

    281.46

    256.56

    Non-petroleum & Non Gems & Jewellery imports

    378.34

    354.86

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-January2024-25

    SERVICES TRADE

    • The estimated value of services export for January2025* is USD 38.55 Billion as compared to USD 31.01Billion in January2024.
    • The estimated value of services imports for January2025* is USD 18.22 Billion as compared to USD 14.84Billion in January2024.

    Fig 7: Services Trade during January2025*

    • The estimated value of service exports during April-January2024-25* is USD 323.68 Billion as compared to USD 282.71 Billion in April-January2023-24.
    • The estimated value of service imports during April-January2024-25* is USD 168.17 Billion as compared to USD 146.48 Billion in April-January2023-24.
    • The services trade surplus for April-January2024-25* is USD 155.52 Billion as compared to USD 136.23 Billion in April-January2023-24.

    Fig 8: Services Trade during April-January2024-25*

    • Exports ofOther Cereals  (103.2%), Electronic Goods (78.97%), Tobacco (59.18%), Coffee (57.07%), Rice (44.61%), Jute Mfg. Including Floor Covering (40.67%), Meat, Dairy & Poultry Products (35.66%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (27.71%), Tea (21.97%), Drugs & Pharmaceuticals (21.46%), Handicrafts Excl. Hand Made Carpet (19.49%), Carpet (18.04%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (16.41%), Gems & Jewellery (15.95%), Plastic & Linoleum (13.31%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.14%), Rmg Of All Textiles (11.45%), Cereal Preparations & Miscellaneous Processed Items (11.13%), Ceramic Products & Glassware (10.44%), Marine Products (7.98%), Engineering Goods (7.44%), Cashew (6.85%), Leather & Leather Products (6.37%), Spices (2.32%) and Fruits & Vegetables (0.81%) record positive growth during January2025 over the corresponding month of last year.
    • Imports of Project Goods (-48.14%), Pearls, Precious & Semi-Precious Stones (-29.11%), Coal, Coke & Briquettes, Etc. (-15.22%) and Petroleum, Crude & Products (-13.49%) record negative growth during January2025 over the corresponding month of last year.
    • Services exports is estimated to grow by 14.49percent during April-January2024-25* over April-January2023-24.
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in January2025 vis a vis January2024 are U S A (39.02%), Japan (53.53%), Bangladesh Pr (17.27%), U K (14.84%) and Nepal (20.84%).
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-January2024-25 vis a vis April-January2023-24 are U S A (8.95%), U Arab Emts (6.82%), Netherland (9.17%), U K (14.17%) and Japan (21.12%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in January2025 vis a vis January2024 are China P Rp (17.06%), Thailand (136.63%), U S A (33.46%), Germany (72.15%) and U K (101.62%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in April-January2024-25 vis a vis April-January2023-24 are U Arab Emts (35.58%), China P Rp (10.6%), Russia (7.17%), Switzerland (16.61%) and Thailand (32.59%).

    *Link for Quick Estimates

    ***

    Abhishek Dayal /  Abhijith Narayanan

    (Release ID: 2104150)

    MIL OSI Asia Pacific News

  • MIL-OSI Global: YouTube at 20: how it transformed viewing in eight steps

    Source: The Conversation – UK – By Alex Connock, Senior Fellow, Said Business School, University of Oxford

    Chay Tee

    The world’s biggest video sharing platform, YouTube, has just turned 20.

    It was started inauspiciously in February 2005 by former PayPal employees Chad Hurley, Steve Chen and Jawed Karim – with a 19-second video of Karim exploring San Diego Zoo.

    That year, YouTube’s disruption of the media timeline was minimal enough for there to be no mention of it in The Guardian’s coverage of TV’s Digital Revolution at the Edinburgh TV Festival.

    Twenty years on, it’s a different story.

    YouTube is a massive competitor to TV, an engagement beast, uploading as much new video every five minutes as the 2,400 hours BBC Studios produces in a whole year. The 26-year-old YouTube star Mr Beast earned US$85 million (£67 million) in 2024 from videos – ranging from live Call of Duty play-alongs to handing out 1,000 free cataract operations.

    As a business, YouTube is now worth some US$455 billion (2024 Bloomberg estimate). That is a spectacular 275 times return on the US$1.65 billion Google paid for it in 2006. For the current YouTube value, Google could today buy British broadcaster ITV about 127 times.

    YouTube has similar gross revenue (US$36.1 billion in 2024) to the streaming giant Netflix – but without the financial inconvenience of making shows, since most of the content is uploaded for free.

    YouTube’s first video: a 19-second look at the elephants of San Diego Zoo.

    YouTube has 2.7 billion monthly active users, or 40% of the entire global population outside China, where it is blocked. It is also now one of the biggest music streaming sites, and the second biggest social network (to Facebook), plus a paid broadcast channel for 100 million subscribers.

    YouTube has built a video Library of Babel, its expansive shelves lined eclectically with Baby Shark Dance, how to fix septic tanks, who would win a shooting war between Britain and France … and quantum physics.

    The site has taken over global children’s programming to the point where Wired magazine pointed out that the future of this genre actually “isn’t television”. But there are flaws, too: it has been described as a conduit for disinformation by fact checkers.

    So how did all that happen? Eight key innovations have helped YouTube achieve its success.

    1. How new creativity is paid for

    Traditional broadcast and print uses either the risk-on, fixed cost of hiring an office full of staff producers and writers, or the variable but risky approach of one-off commissioning from freelancers. Either way, the channel goes out of pocket, and if the content fails to score with viewers, it loses money.

    YouTube did away with all that, flipping the risk profile entirely to the creator, and not paying upfront at all. It doesn’t have to deal with the key talent going out clubbing all night and being late to the set, not to mention other boring aspects of production like insurance, cash flow or contracts.

    2. The revenue model of media

    YouTube innovated by dividing any earnings with the creator, via an advertising income split of roughly 50% (the exact amount varies in practice). This incentivises creators to study the science of engagement, since it makes them more money. Mr Beast has a team employed just to optimise the thumbnails for his videos.

    3. Advertising

    Alongside parent company Google/Alphabet, and especially with the introduction (March 2007) of YouTube Analytics and other technologies, the site adrenalised programmatic video advertising, where ad space around a particular viewer is digitally auctioned off to the highest buyer, in real time.

    That means when you land on a high-rating Beyoncé video and see a pre-roll ad for Grammarly, the advertiser algorithmically liked the look of your profile, so bid money to show you the ad. When that system works, it is ultra efficient, the key reason why the broad, demographics-based broadcast TV advertising market is so challenged.

    4. Who makes content

    About 50 million people now think they are professional creators, many of them on YouTube. Influencers have used the site to build businesses without mediation from (usually white and male) executives in legacy media.

    This has driven, at its best, a major move towards the democratisation and globalisation of content production. Brazil and Kenya both have huge, eponymous YouTube creator economies, giving global distribution to diverse voices that realistically would been disintermediated in the 20th century media ecology.

    5. The way we tell stories

    Traditional TV ads and films start slow and build to a climax. Not so YouTube videos – and even more, YouTube Shorts – which prioritise a big emotive hit in the first few seconds for engagement, and regular further hits to keep people there. Mr Beast’s leaked internal notes describe how to do sequential escalation, meaning moving to more elaborate or extreme details as a video goes on: “An example of a one thru three minute tactic we would use is crazy progression,” he says, reflecting his deep homework. “I spent basically five years of my life studying virality on YouTube.”

    6. Copyright

    Back in 2015, if someone stole your intellectual property – say, old episodes of Mr Bean – and re-broadcast it on their own channel, you would call a media lawyer and sue. Now there is a better option – Content ID – to take the money instead. Through digital rights monetisation (DRM), owners can algorithmically discover their own content and claim the ad revenue, a material new income stream for producers.

    7. Video technicalities

    Most technical innovations in video production have found their way to the mainstream via YouTube, such as 360-degree, 4k, VR (virtual reality) and other tech acronyms. And now YouTube has started to integrate generative AI into its programme-producing suite for creators, with tight integration of Google’s Veo tools.

    These will offer, according to CEO Neal Mohan, “billions of people around the world access to AI”. This is another competitive threat to traditional producers, because bedroom creators can now make their own visual effects-heavy fan-fiction episodes of Star Wars.

    8. News

    YouTube became a rabbit hole of disinformation, misinformation and conspiracy, via a reinforcement-learning algorithm that prioritises view time but not editorial accuracy. Covid conspiracy fans got to see “5G health risk” or “chemtrail” videos, because the algorithm knew they might like them too.

    How can the big, legacy media brands respond? Simple. By meeting the audience where the viewers are, and putting their content on YouTube. The BBC has 14.7 million YouTube subscribers. ITV is exploiting its catalogue to put old episodes of Thunderbirds on there. Meanwhile in February 2025, Channel 4 also announced success in reaching young viewers via YouTube. Full episode views were “up 169% year-on-year, surpassing 110 million organic views in the UK”.

    Alex Connock has worked or consulted for BBC, Channel 4, ITV and Meta.

    ref. YouTube at 20: how it transformed viewing in eight steps – https://theconversation.com/youtube-at-20-how-it-transformed-viewing-in-eight-steps-250083

    MIL OSI – Global Reports

  • MIL-OSI Global: Europe left scrambling in face of wavering US security guarantees

    Source: The Conversation – UK – By Stefan Wolff, Professor of International Security, University of Birmingham

    European leaders are scrambling to respond to what looks like the end of reliable US protection of the continent. It is unclear what the “main European countries” (which includes the UK) might be able to agree at a hastily convened meeting in Paris on Monday February 17. But individual countries, including the UK and Germany, have come forward to put concrete offers on the table for Ukraine’s security, which could include putting their troops on the ground.

    This unusual circling of the wagons was triggered by the 2025 Munich Security Conference, which ended the previous day. It brought to a close a week of remarkable upheaval for Europe, leaving no doubt that two already obvious trends in the deteriorating transatlantic relationship accelerated further.

    What the world saw was unabashed US unilateralism when it comes to the war in Ukraine. Ominously, there was also a clear indication of the extent of American intentions to interfere in the domestic political processes of European countries – most notably the upcoming German parliamentary elections on February 23.

    None of this should have come as a surprise. But the full-force assault by Donald Trump’s envoys to Europe was still sobering – especially once all its implications are considered. What was, perhaps, more surprising was that European leaders pushed back and did so in an unusually public and unequivocal way.

    Over the course of just a few days, two of the worst European fears were confirmed. First, the Trump administration is pushing ahead with its idea of a US-Russia deal to end the war in Ukraine. And all the signs are that Washington plans to leave Ukraine and the EU out of any negotiations and to their own devices when it comes to post-ceasefire security arrangements.

    On February 12, the US president announced he had spoken at length with Russian president Vladimir Putin, and subsequently informed Ukraine’s president Volodymyr Zelensky of the conversation. The same day, US defence secretary Pete Hegseth, confirmed at a press conference after a meeting of Nato defence ministers in Brussels that direct negotiations between Russia and the US would begin immediately. They will not include any European or Ukrainian officials, he said.

    Hegseth also poured cold water on any hopes that there would be robust US security guarantees for Ukraine. He explicitly ruled out US troops for any peacekeeping forces deployed by other Nato members, or that any attack on those forces would be considered an attack on the whole alliance under article 5 of the Nato treaty.

    The European response was swift and, at least on paper, decisive. Right after Hegseth’s comments in Brussels, the Weimar+ group (Germany, France, Poland + Italy, Spain, the United Kingdom, the EU’s diplomatic service and the European Commission) issued a joint statement reiterating their commitment to enhanced support in defence of Ukraine’s independence, sovereignty and territorial integrity.

    On February 14, the EU’s top officials – European council president António Costa and European Commission president Ursula von der Leyen – met with Zelensky on the margins of the conference. They assured him of the EU’s “continued and stable support to Ukraine until a just, comprehensive and lasting peace is reached”.

    The following day, Costa’s speech in Munich reiterated this commitment. Similar to earlier comments by Nato’s secretary general, Mark Rutte, Costa underlined Europe’s determination to “to act better, stronger and faster in building the Europe of defence”.

    But these declarations of the EU’s determination to continue supporting Ukraine do not reflect consensus inside the Union on such a position. Weimar+ only includes a select number of EU member states, institutions and the UK, underlining the continuing difficulties in achieving unanimity on critical security and defence issues. Unsurprisingly, Hungary’s prime minister, Viktor Orbán, issued a scathing condemnation of the Weimar+ statement as a “sad testament of bad Brusselian leadership”.

    Orbán’s comments play right into many Europeans’ fears about another dark side of Trump’s agenda when it comes to transatlantic relations. As foreshadowed in the influential Project 2025 report by a coalition of conservative US thinktanks, the Trump administration is intent on weakening European unity. This will include preventing the UK from slipping “back into the orbit of the EU” and “developing new allies inside the EU – especially the Central European countries”.

    Opening up divides

    The US vice-president, J.D. Vance, used his speech in Munich to claim that the real threat to European security was not coming from Russia or China, but rather “from within”. He went on to chide “EU commissars” and insinuated that Europe’s current leaders had more in common with the “tyrannical forces on this continent” who lost the cold war.

    In Romania, where presidential elections were cancelled after evidence of massive Russian election interference emerged, opposition parties revelled in Vance’s comments that the move had been based on the “flimsy suspicions of an intelligence agency and enormous pressure from its continental neighbours”. The vice-president has further exacerbated political divisions in a key European and Nato ally right on the border with Ukraine.

    Vance subsequently sought out Alice Weidel, the co-leader of the right-wing Alternative for Germany (AfD). The pair reportedly discussed the war in Ukraine, German domestic politics and the so-called brandmauer. This is the agreement between centre-right and left-wing parties in Germany to form a “firewall” to prevent extreme right-wing parties from joining coalitions, which has recently been weakened.

    Their meeting was widely criticised as yet another American attempt for the party to boost its chances at Germany’s upcoming parliamentary elections on February 23. Referring to Germany’s historical experience with Nazism, the German chancellor, Olaf Scholz defended the need to hold the line against far-right political parties like the AfD.

    Polar shift

    There have been many watershed moments and wake-up calls for Europe in the past. What is different now is that a new multipolar order is emerging – and Europe is not one of its poles. Equally importantly, given the determination of this US administration to upend the existing international order, Europe is not a part of any pole anymore either.

    Simultaneously at stake are European unity and the transatlantic relationship. These are the two key pillars that have ensured European security, democracy and prosperity since the end of the second world war. Out of necessity, Europe will most likely have to adjust to a much-weakened transatlantic relationship. But the European project will not survive without unity.

    This is a critical juncture for Europe. The continent needs to define its future place and role in the dysfunctional love triangle of Trump, Putin and Xi, a triumvirate that will shape and dominate the new global order.

    Stefan Wolff is a past recipient of grant funding from the Natural Environment Research Council of the UK, the United States Institute of Peace, the Economic and Social Research Council of the UK, the British Academy, the NATO Science for Peace Programme, the EU Framework Programmes 6 and 7 and Horizon 2020, as well as the EU’s Jean Monnet Programme. He is a Trustee and Honorary Treasurer of the Political Studies Association of the UK and a Senior Research Fellow at the Foreign Policy Centre in London.

    ref. Europe left scrambling in face of wavering US security guarantees – https://theconversation.com/europe-left-scrambling-in-face-of-wavering-us-security-guarantees-249978

    MIL OSI – Global Reports

  • MIL-OSI Africa: Financing Oil and Gas (O&G) Projects in Congo: Increased Investment to Drive Output

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), February 17, 2025/APO Group/ —

    As the Republic of Congo endeavors to boost its oil production to 500,000 barrels per day (bpd) by 2027 and expedite gas exploration and production, the Ministry of Hydrocarbons is simultaneously prioritizing the modernization of downstream infrastructure to address energy insecurity. With new regulatory measures, large-scale infrastructure projects and a strong push toward sustainability, the country has seen an influx of international investment, thereby strengthening Congo’s momentum toward ambitious reforms in the hydrocarbon sector.

    Towards Increased Production

    The Congolese subsidiary of China Oil Natural Gas Oversees Holding Ltd (Cogo) plans to invest $150 million to boost oil production over the next three years in the Conkouati-Koui and Nanga III fields in Congo. The company will drill four wells – two in each field – with the project set to expand to include 3D seismic surveys and further data analysis. On October 3, 2024, the new Director General of Cogo’s Congolese subsidiary Fublert Dzimbe presented the company’s activity roadmap to the Minister of Hydrocarbons Bruno Jean-Richard Itoua.

    Meanwhile, oil and gas supermajor TotalEnergies announced last year that it will invest $600 million to strengthen exploration and production activities in Congo. The investment will be used to finance exploration and maintain production in the country’s deep offshore Moho Nord field, which accounts for approximately half of all Congolese oil production – roughly 140,000 bpd. TotalEnergies’ commitment to Congo’s oil production is set to ensure additional production of 40,000 bpd, adding to the country’s current levels of 267,000 bpd.

    Set to finance a seven-year development program across the Mengo-Kundji-Bindi IIoilfields in Congo, oil and gas company Trident secured a $300 million financing facility from pan-African multilateral financing institution Afreximbank in 2023. The capital will enable the company to increase production – up to 30% of national crude output – while opening job creation opportunities.

    A Focus on Refining

    Currently, the Congolaise de raffinage, a subsidiary of the state-owned Société nationale des pétroles du Congo, operates the nation’s sole refinery in Pointe-Noire. With a processing capacity of one million tons per year, the refinery converts crude oil into finished products such as butane gas, gasoline, kerosene, light diesel and heavy fuel oil, meeting approximately 70% of the country’s refined energy needs.

    To address growing domestic demand and reduce the reliance on imports, the government has initiated the construction of a new refinery in Fouta – near Pointe Noire. Known at the Atlantic Petrochemical Refinery, the project is being developed in partnership with the Chinese firm Beijing Fortune Dingheng Investment, representing an investment of around $600 million. The first phase aims to achieve a production capacity of 2.5 million tons per year, focusing on high-quality gasoline and diesel. The refinery is expected to commence operations by the end of 2025, contributing significantly to national energy security.

    As sub-Saharan Africa’s fourth-largest oil producer, Congo presents significant investment opportunities for global investors. The country aims to attract fresh capital to its oil sector, with a licensing round set to be launched at the inaugural Congo Energy & Investment Forum (CEIF) 2025, taking place in Brazzaville from March 24-26. Meanwhile, the country is preparing to launch its Gas Master Plan alongside a new Gas Code at CEIF 2025, which are set to provide a strategic framework for investing in the country’s gas value chain.

    MIL OSI Africa

  • MIL-OSI Economics: Eddie Yue: Navigating new growth corridors in Asia-Pacific

    Source: Bank for International Settlements

    Ladies and Gentlemen, good morning.

    Let me first thank ASIFMA for inviting me here today, and also for hosting this flagship conference in Hong Kong again.

    The theme of this year’s conference, “Navigating New Growth Corridors in Asia-Pacific”, is very timely. The region is undergoing profound transformation, driven by a host of factors including the realignment of global supply chains, shifting economic landscapes, changing investment and consumption patterns, etc.  These factors have resulted in more frequent economic interaction among some of its key economies, particularly between China and ASEAN.  Over the last couple of years, we have often heard the catchy term “corridor business” or “network business”, which describes the commercial opportunities that could arise from such interaction.  What I hope to do today is to share with you what I see are the fundamental forces underpinning these corridors or networks, how Hong Kong has been positioning itself for the resulting opportunities, and what more needs to be done.

    The New Growth Corridors

    Let me start with the forces that are reshaping cross-border commerce and business in the region.

    First is the changing pattern of trades. Part of that and also the headline-grabbing part is driven by changes in geopolitical dynamics and trade policies in the west.  But there are longer term economic considerations too.  Asia is no longer just the world’s factory or a source of low-cost labour.  It has emerged as a powerhouse of innovation and consumption, with China leading the way.  Policies also play a part.  Trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) are facilitating the flow of goods and services in the region.

    The result of these is a stronger trade relationship between China and ASEAN. By 2024, ASEAN has become China’s largest export destination and import source, accounting for 16.4% of China’s exports and 15.3% of imports in 2024.

    Arguably more important is that we are seeing deeper integration of supply chains in the region. In 2023, close to 10% of ASEAN exports were value added sourced from China, almost doubling the share in 2017.  This reflects how China and ASEAN are more tightly wedded together to form an integral part of the global supply chain.

    The second factor is the growth of cross-border investment. This is the most notable in foreign direct investment.  In 2023, China’s FDI to ASEAN reached USD 25 billion, an increase by over one-third in just one year.  As of July 2024, the cumulative bilateral investment between China and ASEAN surpassed USD 400 billion.  Chinese investments cover not only manufacturing sectors, but also increasingly in emerging fields such as the digital economy and the green economy.  On financial investments, China’s investment in ASEAN securities has also seen rapid growth in recent years, hitting USD 18.5 billion as of June 2024, with a yearly growth of over 20%.

    Hong Kong’s Unique Role

    Now, what is Hong Kong’s role as we see the rapid growth of the China-ASEAN corridor?

    As a leading international financial centre in Asia, Hong Kong has always been a key provider of efficient cross-border payments and financing services to support the region’s trade and investment. Of the roughly USD 50 billion outstanding trade finance loans offered by banks in Hong Kong, around 40% were used to finance merchandise trade not touching Hong Kong, reflecting Hong Kong’s role in financing trades in the broader region.

    In fact, our role in trade finance is becoming more significant as RMB gains recognition as an international currency. Data from SWIFT shows that RMB’s share in the global trade finance reached 6.4% in November 2024, ranking second just after the US dollar.  As the world’s largest offshore RMB hub, Hong Kong handles approximately 75% of all offshore RMB transactions, particularly those related to cross-border trade payment and settlement.  This strong position in RMB business, together with our extensive offshore RMB liquidity pool, allow us to provide the most cost-effective RMB trade finance solutions, so that ASEAN exporters and importers can settle their transactions with China conveniently in offshore RMB.

    Let’s turn to our role in cross border investment. Hong Kong has always been the key intermediary for investment going into and out of the Mainland, handling about two-third of such flows in the past few decades. 

    And we do much more than just passing money from one hand to another. Hong Kong’s capital market has been a key venue for raising capital by firms across the region.  Our equity market has continued to be one of the world’s most liquid and resilient, even with the challenging macro environment.  With improved investor sentiment, our market is rebounding and our IPO market returned to the fourth place globally in 2024.  Less visible but no less important is our bond market.  According to our internal analysis, over USD 130 billion of Asian international bonds were arranged in Hong Kong in 2024, with a yearly growth of more than 50%, making Hong Kong the largest bond arranging hub in the region.  As in the case of trade financing, RMB’s share of investment and fundraising activities in the region has also been on the rise.  In the first three quarters of last year, dim sum bond issuance in Hong Kong totalled over RMB 770 billion, increasing by 35% over 2023.

    Enhancing the Trade and Financial Corridors

    All this is good. But what do we need to do next to strengthen our role in enhancing this important growth corridor?  Naturally, as the region’s trade, economic and investment landscapes continue to shift, Hong Kong would have to broaden and adapt our offerings to maintain our leading position.

    Part of this involves building on our traditional strengths. For example, the HKEX introduced a new listing route in 2023 to facilitate the listing of specialist technology companies, which aims at further supporting companies in accessing capital to fund their innovative ideas and drive growth.  For the bond market too, the HKMA and the SFC have jointly established a task force with market participants to explore ways to further promote Hong Kong’s status as a premier fixed income and currency hub.

    With RMB taking up an increasingly larger share of cross-border trade and investment, we have also been beefing up our RMB offerings. On liquidity for example, just last week, we launched the offshore RMB repo business using Northbound Bond Connect bonds as collateral; and HKEX will also soon allow the use of these bonds as margin collateral at OTC Clearing Hong Kong.  To further support trade financing, the HKMA will introduce the RMB Trade Financing Liquidity Facility next week.  The facility will provide banks in Hong Kong with up to RMB 100 billion in liquidity for up to six months, and that will help reinforce Hong Kong’s position as the global leader in offshore RMB business.

    We are also making systematic efforts to look at what more needs to be done to ensure that Hong Kong continues to stay at the forefront. As announced by the Chief Executive in last year’s Policy Address, the HKMA has established a working group to study future supply chain shifts and develop policy recommendations to enhance Hong Kong’s capacity for the related financial services.  The Hong Kong Association of Banks is also setting up a new committee on corridor business. 

    While this is probably not the right occasion to discuss in details the findings of such groups, I would just like to outline three themes emerging from the study as key to capturing the opportunities from the new business corridors in the region.

    First is the importance of digitalisation and innovation, in order to reduce cost, enhance efficiency, and enhance security and reliability. Trade finance is an area ripe for “digital disruption”.  Over the years there have been attempts within the industry to go “electronic” in trade documentation and in obtaining trade financing.  But there is still a lot more that we collectively can help improve.  For instance, we are experimenting with tokenisation use cases in the area of trade and supply chain finance through our Project Ensemble Sandbox.

    The second key theme is sustainability. If you just look at the news headlines, it is hard to shake the impression that sustainability is on the retreat.  To us at the HKMA though, our commitment to an orderly and inclusive transition is as firm as ever.  Last October, we launched the Sustainable Finance Action Agenda, setting out our vision to further consolidate Hong Kong’s position as the sustainable finance hub in the region and support the sustainable development of Asia and beyond.  This commitment is underpinned by two beliefs.  First, our moral obligations, particularly given that the region is the world’s biggest emitter and many of the region’s emerging markets would be badly affected by climate change.  Hong Kong, as the region’s financial centre, has the duty and capability to help. 

    But our commitment is also underpinned by our belief that sustainability is a good business. Hong Kong is Asia’s largest location for issuing international green and sustainable bonds, with over USD 40 billion of these bonds issued here in 2024, capturing 45% of the regional market.  If we include green and sustainability loans as well, total green and sustainable credits issued in Hong Kong exceeded USD 80 billion.  Despite the news headlines, sustainability initiatives across the world, from disclosure standards and climate risk management practices, are coming into force.  They would bring new opportunities to those that are prepared, and we want to make sure that Hong Kong is at the centre of it.

    The third key theme is engagement. Hong Kong has always been the “China gateway”.  But to continue to effectively perform this role at a time when many Mainland corporations and investors are looking abroad, and when businesses in many Asian markets are looking to do business with China, Hong Kong must also get to know these markets, and to tell them our strength.  To really get to know each of these markets, engagement is critical.  Over the past two years, the HKMA has visited various countries in the region to pursue collaborative initiatives with central banks and have welcomed delegations to Hong Kong.  Some of such interaction are being converted into tangible work.  For example, last October, the HKMA and the Bank of Thailand announced the collaboration on Project Ensemble and Project San. Together, we will explore Payment versus Payment (PvP) and Delivery versus Payment (DvP) tokenisation use cases, including trade payments and carbon credits.  The objective of such central bank collaboration is to lay a foundation for the private sector to build on and turn into concrete businesses.  That should be the focus going forward.

    Conclusion

    To conclude, I would just say that the China-ASEAN corridor is definitely expanding at a rapid pace, and Hong Kong is right in the middle. In performing our role as an international financial centre, apart from leveraging on our traditional strengths in banking services and capital markets, we need to focus more on three things: digitalisation, sustainability, and engagement.  I hope this introduction will help set the scene for your discussions through the day, and I wish you all a very successful conference.

    MIL OSI Economics

  • MIL-OSI China: China unveils measures to bolster new-type energy storage manufacturing

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

    BEIJING, Feb. 17 — Chinese authorities unveiled several measures on Monday to promote the new-type energy storage manufacturing sector, as part of efforts to accelerate the development of emerging industries and the country’s modern industrial system.

    According to an action plan jointly issued by the Ministry of Industry and Information Technology and seven other government organs, the new-type energy storage manufacturing industry refers to the sector that produces energy storage, information processing, safety control, and other products related to new energy storage methods.

    By 2027, the sector is expected to demonstrate international competitive advantages across the entire manufacturing chain, with a greater number of leading enterprises, marked improvements in industrial innovation capabilities, and overall competitiveness while also achieving advancements in high-end, intelligent, and green development, according to the plan.

    According to the document, China will launch initiatives to boost technology innovation in the new-type energy storage sector. These initiatives will include measures to speed up the upgrading of mature technologies such as lithium batteries and support disruptive technological innovations.

    The country will also promote coordinated industrial development. Efforts should be made to strengthen the monitoring and early warning of lithium battery production capacity, prevent reckless investment, and guard against the risk of disorderly development.

    The document underlined the importance of supporting upstream and downstream enterprises in the new-type energy storage manufacturing sector to optimize their energy consumption structure, improve energy utilization efficiency, and expand the proportion of renewable energy in the manufacturing process.

    Efforts will be made to promote the application of new-generation information technologies such as blockchain, big data, artificial intelligence, and 5G in the new-type energy storage manufacturing sector, according to the document.

    To beef up international cooperation in the new-type energy storage sector, China will work to incorporate collaboration in the field into international cooperation mechanisms and frameworks such as the Belt and Road Initiative and BRICS and promote mutually beneficial cooperation on industrial and supply chains.

    MIL OSI China News

  • MIL-OSI Economics: Fabio Panetta: The global economy – navigating uncertainty and change

    Source: Bank for International Settlements

    1. The international economy

    In the advanced economies, inflation is declining and nearing central banks’ targets, leading them to gradually ease monetary tightening. The exception is Japan, where rising inflation has led the central bank to raise official interest rates to 0.5 per cent, the highest level in 17 years.

    Compared with the past, disinflation has been faster and less harmful to economic activity. This is thanks to the rapid unwinding of the shocks that had pushed up consumer prices – such as high energy costs – and to monetary policy, which has kept inflation expectations anchored.

    In the United States, where inflation is falling unevenly amid robust growth, the Federal Reserve is easing monetary conditions more gradually than expected. Its decisions are also being influenced by the recent change in administration, whose new fiscal and trade policies could significantly impact the economy and inflation, with implications for monetary policy. In the midst of this, longer-term yields have risen since the beginning of December, despite the drop in short-term interest rates, spurring an appreciation of the dollar (Figure A.1).

    In the emerging economies, the inflation scenario varies from country to country.

    In China, consumer price inflation is practically nil, while producer price inflation has been negative for two years, exposing the economy to the risk of deflation. Repeated monetary and fiscal interventions have supported financial markets, but their effectiveness in restoring price stability is uncertain.

    By contrast, inflation remains high in Brazil, Türkiye and Argentina, forcing central banks to maintain tight monetary conditions.

    MIL OSI Economics

  • MIL-OSI Global: Cutting funding for science can have consequences for the economy, US technological competitiveness

    Source: The Conversation – USA – By Chris Impey, University Distinguished Professor of Astronomy, University of Arizona

    National Institutes of Health indirect costs, which are under the knife, go toward managing laboratories and facilities. Fei Yang/Moment via Getty Images

    America has already lost its global competitive edge in science, and funding cuts proposed in early 2025 may further a precipitous decline.

    Proposed cuts to the federal agencies that fund scientific research could undercut America’s global competitiveness, with negative impacts on the economy and the ability to attract and train the next generation of researchers.

    I’m an astronomer, and I have been a senior administrator at the University of Arizona’s College of Science. Because of these roles, I’m invested in the future of scientific research in the United States. I’m worried funding cuts could mean a decline in the amount and quality of research published – and that some potential discoveries won’t get made.

    The endless frontier

    A substantial part of U.S. prosperity after World War II was due to the country’s investment in science and technology.

    Vannevar Bush founded the company that later became Raytheon and was the president of the Carnegie Institution. In 1945, he delivered a report to President Franklin D. Roosevelt called The Endless Frontier.

    In this report, Bush argued that scientific research was essential to the country’s economic well-being and security. His advocacy led to the founding of the National Science Foundation and science policy as we know it today. He argued that a centralized approach to science funding would efficiently distribute resources to scientists doing research at universities.

    The National Science Foundation awards funding to many research projects and early career scientists. Pictured are astronomers from the LIGO collaboration, which won a Nobel Prize.
    AP Photo/Andrew Harnik

    Since 1945, advances in science and technology have driven 85% of American economic growth. Science and innovation are the engines of prosperity, where research generates new technologies, innovations and solutions that improve the quality of life and drive economic development.

    This causal relationship, where scientific research leads to innovations and inventions that promote economic growth, is true around the world.

    The importance of basic research

    Investment in research and development has tripled since 1990, but that growth has been funded by the business sector for applied research, while federal investment in basic research has stagnated. The distinction matters, because basic research, which is purely exploratory research, has enormous downstream benefits.

    Quantum computing is a prime example. Quantum computing originated 40 years ago, based on the fundamental physics of quantum mechanics. It has matured only in the past few years to the point where quantum computers can solve some problems faster than classical computers.

    Basic research into quantum physics has allowed quantum computing to develop and advance.
    AP Photo/Ross D. Franklin

    Worldwide, basic research pays for itself and has more impact on economic growth than applied research. This is because basic research expands the shared knowledge base that innovators can draw on.

    For example, a biotech advocacy firm calculated that every dollar of funding to the National Institutes of Health generates US$2.46 in economic activity, which is why a recent cut of $9 billion to its funding is so disturbing.

    The American public also values science. In an era of declining trust in public institutions, more than 3 in 4 Americans say research investment is creating employment opportunities, and a similar percentage are confident that scientists act in the public’s best interests.

    Science superpower slipping

    By some metrics, American science is preeminent. Researchers working in America have won over 40% of the science Nobel Prizes – three times more than people from any other country. American research universities are magnets for scientific talent, and the United States spends more on research and development than any other country.

    But there is intense competition to be a science superpower, and several metrics suggest the United States is slipping. Research and development spending as a percentage of GDP has fallen from a high of 1.9% in 1964 to 0.7% in 2021. Worldwide, the United States ranked 12th for this metric in 2021, behind South Korea and European countries.

    In number of scientific researchers as a portion of the labor force, the United States ranks 10th.

    Metrics for research quality tell a similar story. In 2020, China overtook the United States in having the largest share of the top 1% most-cited papers.

    China also leads the world in the number of patents, and it has been outspending the U.S. on research in the past few decades. Switzerland and Sweden eclipse the United States in terms of science and technology innovation. This definition of innovation goes beyond research in labs and the number of scientific papers published to include improvements to outcomes in the form of new goods or new services.

    Among American educators and workers in technical fields, 3 in 4 think the United States has already lost the competition for global leadership.

    Threats to science funding

    Against this backdrop, threats made in the beginning of President Donald Trump’s second term to science funding are ominous.

    Trump’s first wave of executive orders caused chaos at science agencies as they struggled to interpret the directives. Much of the anxiety involved excising language and programs relating to diversity, equity and inclusion, or DEI.

    The National Science Foundation is particularly in the crosshairs. In late January 2025, it froze the routine review and approval of grants and new expenditures, impeding future research, and has been vetting grants to make sure they comply with orders from the U.S. president.

    The National Institutes of Health announced on Feb. 7, 2024 a decision to limit overhead rates to 15% which sent many researchers reeling though it has since been temporarily blocked by a judge. The National Institutes of Health is the world’s largest funder of biomedical research, and these indirect costs provide support for the operation and maintenance of lab facilities. They are essential for doing research.

    The new administration has proposed deeper cuts. The National Science Foundation has been told to prepare for the loss of half of its staff and two-thirds of its funding. Other federal science agencies are facing similar threats of layoffs and funding cuts.

    The impact

    Congress already failed to deliver on its 2022 commitment to increase research funding, and federal funding for science agencies is at a 25-year low.

    As the president’s proposals reach Congress for approval or negotiation, they will test the traditionally bipartisan support science has held. If Congress cuts budgets further, I believe the impact on job creation, the training of young scientists and the health of the economy will be substantial.

    Deep cuts to agencies that account for a small fraction – just over 1% – of federal spending will not put a dent in the soaring budget deficit, but they could irreparably harm one of the nation’s most valuable enterprises.

    Chris Impey has received funding from NASA, the National Science Foundation, and the Howard Hughes Medical Institute.

    ref. Cutting funding for science can have consequences for the economy, US technological competitiveness – https://theconversation.com/cutting-funding-for-science-can-have-consequences-for-the-economy-us-technological-competitiveness-249568

    MIL OSI – Global Reports

  • MIL-OSI Economics: Samsung Wallet Expands Digital Key Support for Select Volvo Cars and Polestar Vehicles

    Source: Samsung

     
    Samsung Electronics today announced Digital Key compatibility with select Volvo Cars1 and Polestar2 vehicles through Samsung Wallet, offering more drivers a seamless way to use their Galaxy smartphone to unlock, lock and start their vehicle.
     
    “Expanding Samsung Digital Key access is an important part of our commitment to offering connected, secure experiences within the Galaxy ecosystem,” said Woncheol Chai, EVP and Head of the Digital Wallet Team, Mobile eXperience Business at Samsung Electronics. “Our partnership with automakers such as Volvo Cars and Polestar marks another exciting step forward in making everyday activities like driving hassle-free for more Galaxy users worldwide.”
     

     
    ▲ Volvo EX90
     
    ▲ Polestar 3
     
    Built directly into Galaxy devices, Digital Key3 lets users lock, unlock and start the paired vehicle without a physical key. Digital Key offers three ways to control the car: Ultra-wideband (UWB)4 for hands-free access, Near Field Communication (NFC) for tap-to-unlock and start, and Bluetooth low energy (BLE) control via Samsung Wallet. Users can also share Digital Keys with friends and family across OEM devices, managing access as needed.
     
    Samsung Digital Key meets EAL6+5 certification standards, the top-level security for smart devices, to protect against unauthorized access by ensuring secure embedding within the device. UWB technologies, a standardized communication protocol set by the Car Connectivity Consortium (CCC), further reduce the risk of unauthorized vehicle access with precise and reliable functionality. If a device containing a Samsung Digital Key is lost or stolen, users can remotely lock or delete their Digital Key via Samsung Find. Biometric and PIN-based user authentication on Samsung Wallet ensures that every interaction remains secure and private.
     
    Launched in June 2022, Samsung Wallet is a versatile platform that allows Galaxy users to organize Digital Keys, payment methods, identification cards and more in one secure application. Protected by defense-grade security from Samsung Knox and integrated across the Galaxy ecosystem, Samsung Wallet provides seamless connectivity and enhanced security for users in their everyday lives.
     
     
    Availability
    Samsung Digital Key functionality for select Volvo Cars vehicles will roll out starting this month in Europe, North America, Latin America and Asia.6 Samsung Digital Key functionality for select Polestar vehicles will roll out starting this month in Europe, North America and Asia.7
     
     
    About Volvo Car Group
    Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.
     
    “For life. To give people the freedom to move in a personal, sustainable and safe way.” This purpose is reflected in Volvo Cars’ ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
     
    As of December 2024, Volvo Cars employed approximately 42,600 full-time employees. Volvo Cars’ head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars’ production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).
     
    About Polestar
    Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific.
     
    Polestar has three models in its line-up: Polestar 2, Polestar 3 and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.
     
    Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity and Inclusion.
     
     

    1 Volvo vehicles supporting Digital Key include: Volvo EX90. More vehicles will follow.2 Polestar vehicles supporting Digital Key include: Polestar 3. More vehicles will follow.3 Samsung Wallet Digital Key support is available on select devices, including: Galaxy S20 Ultra/S20+/S20, S21 Ultra/S21+/S21/S21 FE, S22 Ultra/S22+/S22, S23 Ultra/S23+/S23/S23 FE, S24 Ultra/S24+/S24/S24 FE, S25 Ultra/S25+/S25, Note20 Ultra/Note20, Z Fold2, Z Fold3, Z Fold4, Z Fold5, Z Fold6, Z Flip 5G, Z Flip3, Z Flip4, Z Flip5, Z Flip6.4 UWB support is available on select devices, including: Galaxy S21 Ultra/S21+, S22 Ultra/S22+, S23 Ultra/S23+, S24 Ultra/S24+, S25 Ultra/S25+, Note20 Ultra, Z Fold2, Z Fold3, Z Fold4, Z Fold5, Z Fold6.5 Evaluation Assurance Level 6 Augmented (EAL6+) is one of the highest security certifications within Common Criteria, an internationally recognized standard for computer security certification.6 Digital Key rollout for Volvo in Asia begins in Australia, Malaysia and Thailand.7 Digital Key rollout for Polestar in Asia begins in Australia, New Zealand, Hong Kong and Singapore.

    MIL OSI Economics

  • MIL-OSI Africa: Why is there so much gold in west Africa?

    Source: The Conversation – Africa – By Raymond Kazapoe, Senior lecturer, University for Development Studies

    Militaries that have taken power in Africa’s Sahel region – notably Mali, Burkina Faso and Niger – have put pressure on western mining firms for a fairer distribution of revenue from the lucrative mining sector.

    Gold is one of the resources at the heart of these tensions. West Africa has been a renowned gold mining hub for centuries, dating back to the ancient Ghana empire, which earned its reputation as the “Land of Gold” because of its abundant reserves and thriving trade networks. The region remains a global leader in gold production. As of 2024, west Africa contributed approximately 10.8% of the world’s total gold output.

    But why is there so much gold in this region? The Conversation Africa asked geologist Raymond Kazapoe to explain.

    How is gold formed?

    The simple answer here is that we are not certain. However, scientists have some ideas.

    Gold, like all elements, formed through high energy reactions that occurred in various cosmic and space environments some 13 billion years ago, when the universe started to form.

    However, gold deposits – or the concentration of gold in large volumes within rock formations – are believed to occur through various processes, explained by two theories.

    The first theory – described by geologist Richard J. Goldfarbargues that large amounts of gold were deposited in certain areas when continents were expanding and changing shape, around 3 billion years ago. This happened when smaller landmasses, or islands, collided and stuck to larger continents, a process called accretionary tectonics. During these collisions, mineral-rich fluids moved through the Earth’s crust, depositing gold in certain areas.

    A quartz vein rock specimen with visible gold. Mangiwau/Getty Images

    A newer, complementary theory by planetary scientist Andrew Tomkins explains the formation of some much younger gold deposits during the Phanerozoic period (approximately 650 million years ago). It suggests that as the Earth’s oceans became richer in oxygen during the Phanerozoic period, gold got trapped within another mineral known as pyrite (often called fool’s gold) as microscopic particles. Later, geological processes – like continental growth (accretion) and heat or pressure changes (metamorphism) released this gold – forming deposits that could be mined.

    Where in west Africa is gold found and what are its sources?

    Most gold production and reserves in west Africa are found within the west African craton. This is one of the world’s oldest geological formations, consisting of ancient, continental crust that has remained largely unchanged for billions of years.

    West African Craton. Wikipedia

    The craton underlies much of west Africa, spanning parts of Mali, Ghana, Burkina Faso, Côte d’Ivoire, Guinea, Senegal and Mauritania. In fact, most west African countries that have significant gold deposits have close to 50% of their landmass on the craton. Notably, between 35% and 45% of Ghana, Mali and Côte d’Ivoire’s territory sits on it – which is why these areas receive so much attention from gold prospectors.

    Gold deposits were formed within west Africa’s craton rocks during a major tectonic event, known as the Eburnean Orogeny, 2.2 billion to 2.08 billion years ago. This event was accompanied by the temperature, pressure and tectonic conditions which promote gold mineralisation events. Most of the gold resources in the west African craton are found within ancient geological formations formed by volcanic and tectonic processes about 2.3 billion to 2.05 billion years ago. These are known as the Rhyacian Birimian granitoid-greenstone belts.

    These gold-bearing belts in Ghana and Mali are by far the most endowed when compared with other countries in the region. Ghana and Mali currently, cumulatively account for over 57% of the combined past production and resources of the entire west Africa sub-region.

    Gold bearing geological structures in Ghana. Gerhard Michael Free/Shutterstock

    Ghana is thought to be home to 1,000 metric tonnes of gold. The country produces 90 metric tonnes each year – or 7% of global production. Gold production in Mali reached around 67.7 tonnes in 2023. Mali has an estimated 800 tons of gold deposits.

    By comparison, the world’s two largest gold producers are China (which mined approximately 370 metric tonnes of gold in 2023) and Australia (which had an output of around 310 metric tonnes in 2023).

    What are some of the modern exploration tools used to find gold?

    Gold was traditionally found by panning in riverbeds, where miners swirled sediment in water to separate the heavy gold particles, or by digging shallow pits to extract gold-rich ores. Over time, methods have evolved to include geochemical exploration techniques, advanced geophysical surveys, and chemical extraction techniques, like cyanide leaching.

    Geological mapping techniques are always evolving, and at the moment, there is a lot of interest in combining remote sensing data with cutting-edge data analytics methods, like machine learning. By combining these two methods, geologists can get around some of the problems caused by traditional methods, like the reliance on subjective judgement to create reliable maps and the need to spend money prospecting in areas with low chances of success.

    In recent years, deep learning computer techniques have made significant progress. They examine various geological data-sets to reduce uncertainty and increase the chances of finding gold mineralisation through advanced artificial intelligence techniques. These methods have proved highly beneficial in identifying specific features and discovering new mineral deposits when applied to remote sensing data.

    Another method, which I’ve researched and which could serve as a complementary gold exploration tool, is the use of stable isotopes. Stable isotopes are elements – like carbon, hydrogen and oxygen – that do not decay over time. Some are responsible for helping to carry gold, in fluids, through rocks to form the deposits. As the gold-bearing fluids interact with the rocks, they transfer the stable isotopes to the rocks, thereby imbuing them with their unique signature. The thinking here is to identify the signature and then use it as a proxy for finding gold, since gold itself is hard to identify directly.

    Advancements in analytical techniques have reduced the cost, volume, and time involved. This makes it a viable alternative to geochemical approaches – the most widely used and relatively efficient method.

    – Why is there so much gold in west Africa?
    – https://theconversation.com/why-is-there-so-much-gold-in-west-africa-248599

    MIL OSI Africa

  • MIL-OSI Global: Why is there so much gold in west Africa?

    Source: The Conversation – Africa – By Raymond Kazapoe, Senior lecturer, University for Development Studies

    Militaries that have taken power in Africa’s Sahel region – notably Mali, Burkina Faso and Niger – have put pressure on western mining firms for a fairer distribution of revenue from the lucrative mining sector.

    Gold is one of the resources at the heart of these tensions. West Africa has been a renowned gold mining hub for centuries, dating back to the ancient Ghana empire, which earned its reputation as the “Land of Gold” because of its abundant reserves and thriving trade networks. The region remains a global leader in gold production. As of 2024, west Africa contributed approximately 10.8% of the world’s total gold output.

    But why is there so much gold in this region? The Conversation Africa asked geologist Raymond Kazapoe to explain.

    How is gold formed?

    The simple answer here is that we are not certain. However, scientists have some ideas.

    Gold, like all elements, formed through high energy reactions that occurred in various cosmic and space environments some 13 billion years ago, when the universe started to form.

    However, gold deposits – or the concentration of gold in large volumes within rock formations – are believed to occur through various processes, explained by two theories.

    The first theory – described by geologist Richard J. Goldfarbargues that large amounts of gold were deposited in certain areas when continents were expanding and changing shape, around 3 billion years ago. This happened when smaller landmasses, or islands, collided and stuck to larger continents, a process called accretionary tectonics. During these collisions, mineral-rich fluids moved through the Earth’s crust, depositing gold in certain areas.

    A newer, complementary theory by planetary scientist Andrew Tomkins explains the formation of some much younger gold deposits during the Phanerozoic period (approximately 650 million years ago). It suggests that as the Earth’s oceans became richer in oxygen during the Phanerozoic period, gold got trapped within another mineral known as pyrite (often called fool’s gold) as microscopic particles. Later, geological processes – like continental growth (accretion) and heat or pressure changes (metamorphism) released this gold – forming deposits that could be mined.

    Where in west Africa is gold found and what are its sources?

    Most gold production and reserves in west Africa are found within the west African craton. This is one of the world’s oldest geological formations, consisting of ancient, continental crust that has remained largely unchanged for billions of years.

    The craton underlies much of west Africa, spanning parts of Mali, Ghana, Burkina Faso, Côte d’Ivoire, Guinea, Senegal and Mauritania. In fact, most west African countries that have significant gold deposits have close to 50% of their landmass on the craton. Notably, between 35% and 45% of Ghana, Mali and Côte d’Ivoire’s territory sits on it – which is why these areas receive so much attention from gold prospectors.

    Gold deposits were formed within west Africa’s craton rocks during a major tectonic event, known as the Eburnean Orogeny, 2.2 billion to 2.08 billion years ago. This event was accompanied by the temperature, pressure and tectonic conditions which promote gold mineralisation events. Most of the gold resources in the west African craton are found within ancient geological formations formed by volcanic and tectonic processes about 2.3 billion to 2.05 billion years ago. These are known as the Rhyacian Birimian granitoid-greenstone belts.

    These gold-bearing belts in Ghana and Mali are by far the most endowed when compared with other countries in the region. Ghana and Mali currently, cumulatively account for over 57% of the combined past production and resources of the entire west Africa sub-region.

    Ghana is thought to be home to 1,000 metric tonnes of gold. The country produces 90 metric tonnes each year – or 7% of global production. Gold production in Mali reached around 67.7 tonnes in 2023. Mali has an estimated 800 tons of gold deposits.

    By comparison, the world’s two largest gold producers are China (which mined approximately 370 metric tonnes of gold in 2023) and Australia (which had an output of around 310 metric tonnes in 2023).

    What are some of the modern exploration tools used to find gold?

    Gold was traditionally found by panning in riverbeds, where miners swirled sediment in water to separate the heavy gold particles, or by digging shallow pits to extract gold-rich ores. Over time, methods have evolved to include geochemical exploration techniques, advanced geophysical surveys, and chemical extraction techniques, like cyanide leaching.

    Geological mapping techniques are always evolving, and at the moment, there is a lot of interest in combining remote sensing data with cutting-edge data analytics methods, like machine learning. By combining these two methods, geologists can get around some of the problems caused by traditional methods, like the reliance on subjective judgement to create reliable maps and the need to spend money prospecting in areas with low chances of success.

    In recent years, deep learning computer techniques have made significant progress. They examine various geological data-sets to reduce uncertainty and increase the chances of finding gold mineralisation through advanced artificial intelligence techniques. These methods have proved highly beneficial in identifying specific features and discovering new mineral deposits when applied to remote sensing data.

    Another method, which I’ve researched and which could serve as a complementary gold exploration tool, is the use of stable isotopes. Stable isotopes are elements – like carbon, hydrogen and oxygen – that do not decay over time. Some are responsible for helping to carry gold, in fluids, through rocks to form the deposits. As the gold-bearing fluids interact with the rocks, they transfer the stable isotopes to the rocks, thereby imbuing them with their unique signature. The thinking here is to identify the signature and then use it as a proxy for finding gold, since gold itself is hard to identify directly.

    Advancements in analytical techniques have reduced the cost, volume, and time involved. This makes it a viable alternative to geochemical approaches – the most widely used and relatively efficient method.

    Raymond Kazapoe receives funding from the African Union and Pan African University to carry out some of the research referenced in this article

    ref. Why is there so much gold in west Africa? – https://theconversation.com/why-is-there-so-much-gold-in-west-africa-248599

    MIL OSI – Global Reports

  • MIL-OSI China: Xi urges healthy, high-quality development of private sector

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

    BEIJING, Feb. 17 — Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country’s private sector.

    Xi, also Chinese president and chairman of the Central Military Commission, made the remarks when attending a symposium on private enterprises, where he delivered an important speech after listening to representatives of private entrepreneurs.

    The private sector enjoys broad prospects and great potential on the new journey in the new era. It is a prime time for private enterprises and entrepreneurs to give full play to their capabilities, Xi said.

    He urged reaching consensus and firming up confidence to promote the healthy and high-quality development of the private sector.

    Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese premier, and Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese vice premier, also attended the symposium.

    Wang Huning, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People’s Political Consultative Conference, presided over the symposium.

    MIL OSI China News