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Category: China

  • MIL-OSI Economics: Japan e-commerce payments to surpass $200 billion 2025, forecasts GlobalData

    Source: GlobalData

    Japan e-commerce payments to surpass $200 billion 2025, forecasts GlobalData

    Posted in Banking

    The e-commerce market in Japan is poised for 7.7% growth in 2025, reaching JPY29 trillion ($206.8 billion). This surge is driven by shifting consumer preferences towards online shopping and strong mobile penetration, reveals GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Japan Cards and Payments – Opportunities and Risks to 2028,” reveals that Japanese e-commerce market registered 8.4% growth in 2024 to reach JPY26.9 trillion ($191.9 billion).

    Shivani Gupta, Senior Banking and Payments Analyst at GlobalData, comments: “Japan is among the leading e-commerce markets in the Asia-Pacific region, trailing just behind China. This is supported by high mobile and online penetration, as well as a strong preference for online shopping due to its ease and time-saving benefits. Furthermore, the popularity of online shopping events such as Black Friday, Cyber Monday, and Singles’ Day has further fuelled the expansion of e-commerce.”

    To capitalize on the growth potential in the e-commerce sector, international brands are also venturing into this space. For instance, Chinese digital commerce group Alibaba launched a new cross-border e-commerce application “TAO” in October 2024 to compete with rivals such as Amazon and Rakuten.

    TAO provides a wide array of around three million products across various categories and incorporates a range of features, including dedicated customer service, reliable delivery and return policies, multiple payment options, and personalized product recommendations, tailored to Japanese customers. The platform also supports various payment methods such as PayPay, the leading digital wallet in Japan, as well as credit cards and convenience store payments.

    Payment cards remain the preferred payment method for online purchases. According to the GlobalData’s 2024 Financial Services Consumer Survey* credit cards alone accounted for over 50%. This can be attributed to the added benefits they offer, such as interest-free instalment payment options, reward programs, cashback, and discounts.

    Alternative payment solutions are the second most preferred payment method. PayPay remains the most preferred alternative payment option, with international brands such as Amazon Pay and PayPal also making their presence felt.

    Gupta concludes: “The upward trajectory of e-commerce sales is expected to persist in the coming years, driven by evolving consumer preferences, the growing popularity of online shopping festivals, and the emergence of new e-commerce companies in the market. Consequently, the e-commerce market is anticipated to increase at a CAGR of 6.1% between 2025 and 2029 to reach JPY36.7 trillion ($261.8 billion) in 2029.”

    *GlobalData’s 2024 Financial Services Consumer Survey was carried out in Q2 2024. Approximately 67,292 respondents aged 18+ were surveyed across 41 countries.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Economics: Digital health adoption in China to accelerate with rapidly evolving AI landscape, says GlobalData

    Source: GlobalData

    Digital health adoption in China to accelerate with rapidly evolving AI landscape, says GlobalData

    Posted in Medical Devices

    The artificial intelligence (AI) sector in China is undergoing swift evolution, positioning it as a key driver for the expansion of the country’s digital health market. Accordingly, the digital health market in China is forecasted to grow at a compound annual growth rate (CAGR) of approximately 30% between 2024 and 2033, according to GlobalData, a leading data and analytics company.

    GlobalData’s report, “China Digital Health Market Outlook and Forecast to 2033 – Electronic Health Records, Regulatory Approved Apps and Telehealth,” reveals that in 2024, China accounted for approximately 20% of the digital health market in the Asia-Pacific (APAC) region. The considerable market share highlights the growing investments in AI-powered solutions and their increasing implementation in the healthcare industry.

    Pratibha Thammanabhatla, Medical Devices Analyst at GlobalData, comments, “The shift towards digital health represents a substantial advancement in conventional healthcare practices. These latest solutions possess the potential to improve convenience and accessibility for patients, especially in remote and resource-constrained environments. The increasing focus on preventive care and continuous health monitoring is anticipated to catalyze widespread adoption of these models.”

    Chinese firms such as DeepSeek, Panoptic AI, Tencent, and Alibaba are substantially investing in AI technologies. In the face of intensifying competition within China’s AI industry, Baidu has announced that its artificial intelligence chatbot, Ernie Bot, featuring an enhanced search function, would be accessible free of charge starting in April of this year. Given the availability of choices, the selection of a suitable model is imperative in healthcare applications to ensure that patients benefit from enhanced disease diagnosis and personalized treatment recommendations.

    Thammanabhatla concludes: “The growing utilization of digital health applications among the Chinese consumers, combined with significant investments from both private and public sectors including the latest National AI Industry Investment Fund, is anticipated to further propel innovations in the forthcoming years. This trend also suggests the possibility of considerable investment opportunities within China’s digital health industry.”

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Asia-Pac: Speech by CE at South China Morning Post China Conference: Southeast Asia 2025 (English only) (with video)

    Source: Hong Kong Government special administrative region

         Following is the video speech by the Chief Executive, Mr John Lee, at the South China Morning Post China Conference: Southeast Asia 2025 today (February 17):
          
    Your Excellency Minister Tengku Zafrul Aziz (Minister of Investment, Trade and Industry of Malaysia), officials and friends from ASEAN (Association of Southeast Asian Nations) and around the world, Ms Catherine So (Chief Executive Officer of South China Morning Post), Ms Tammy Tam (Editor-in-Chief of South China Morning Post), distinguished guests, ladies and gentlemen,
          
         Good afternoon. I am pleased to join you today, virtually, at this remarkable conference in Kuala Lumpur.
          
         For that, I am grateful to the South China Morning Post for organising the China Conference: Southeast Asia, and for putting a prime spotlight on the substantive roles played by China, our country, and Southeast Asia in shaping the global agenda, now and long down the road.
          
         To that end, you have heard today from His Excellency Prime Minister Anwar Ibrahim, as well as a wealth of senior governmental, business and financial leaders and decision-makers from Malaysia, throughout ASEAN and around the world.
          
         For the next few minutes, allow me to speak about Hong Kong – about the role we play in working with our country and in connecting with member states of ASEAN and far beyond.
          
         Long a “super connector”, Hong Kong takes pride in creating value for traditional and emerging markets. We are the natural bridge for ASEAN business looking to Mainland Chinese markets and opportunities. We are, as well, the conduit for Mainland businesses looking to explore overseas opportunities, whether in ASEAN, the Middle East or elsewhere.
          
         Indeed, the Mainland and ASEAN are our two largest trade-in-goods partners, with total trade value reaching US$619 billion and US$165 billion respectively last year.
          
         We are home to about 2 600 offices with parent companies on the Mainland, up 20 per cent over 2023 totals. Last year, too, some 730 offices with parent companies in ASEAN maintained an office in Hong Kong. That’s an increase of about 10 per cent year on year.
          
         And I am confident of continuing growth in the coming years, given the ASEAN-Hong Kong, China Free Trade Agreement and related Investment Agreement, as well as the recently signed amendment to the Agreement on Trade in Services of CEPA – the Mainland and Hong Kong Closer Economic Partnership Arrangement.
          
         The new CEPA Agreement introduces service-sector liberalisation measures, making it easier for Hong Kong suppliers, and international companies with offices in Hong Kong, to do business on the Mainland.
          
         As you know, CEPA is nationality neutral, so I encourage ASEAN companies to enjoy Hong Kong’s world-class professional services and, in doing so, make full use of CEPA in accessing the Mainland market. 
          
         Alongside strong business ties with ASEAN, our people-to-people bonds are long-standing and mutually rewarding. 
          
         Since assuming office, in July 2022, I have led high-profile Hong Kong delegations to seven of the 10 ASEAN countries. Nearly 90 co-operation agreements between Hong Kong and ASEAN countries have been signed over that period – and in so many areas, from economic and trade matters to innovation and technology, cultural exchange, education and more.
          
         And I am committed to building on our gratifying ties.
          
         We have relaxed the criteria for nationals of Cambodia, Laos, Myanmar and Vietnam applying for multiple-entry visas to Hong Kong. We have, as well, extended their validity period from two to three years. 
          
         We will also provide self-service immigration clearance for invited ASEAN-country visitors participating in business, development and related activities in Hong Kong.
          
         And for ASEAN and other non-Chinese residents working in Hong Kong and wishing to travel to the Mainland, the multiple-entry visas have been extended for up to five years, making Mainland entry from Hong Kong fast and efficient.
          
         And to make our ASEAN friends feel at home in Hong Kong, we are compiling a list of restaurants offering halal food, while encouraging hotels and other establishments to provide appropriate worship services.
          
         There’s more. We’re making it easier to communicate with ASEAN business. In addition to our Economic and Trade Offices in Singapore, Jakarta and Bangkok, we are working with the Malaysian government to establish a trade office in Kuala Lumpur.
          
         Allow me to thank ASEAN member states for their staunch support of our accession to the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement. I count on leaders like your good selves to support Hong Kong’s accession bid. 
          
         Ladies and gentlemen, I wish you all the best of business, health and well-being in this auspicious Chinese New Year – the Year of the Snake.
          
         Thank you.

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Volume and price statistics of external merchandise trade in December 2024

    Source: Hong Kong Government special administrative region

    Volume and price statistics of external merchandise trade in December 2024
    Volume and price statistics of external merchandise trade in December 2024
    **************************************************************************

         Further to the external merchandise trade statistics in value terms for December 2024 released earlier on, the Census and Statistics Department (C&SD) released today (February 17) the volume and price statistics of external merchandise trade for that month.      In December 2024, the volume of Hong Kong’s total exports of goods increased by 2.3%, while the volume of imports of goods decreased by 3.6% over December 2023.      Comparing 2024 with 2023, the volume of Hong Kong’s total exports of goods and imports of goods increased by 4.9% and 2.6% respectively.      Comparing the fourth quarter of 2024 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods remained virtually unchanged, while the volume of imports of goods decreased by 0.8%.      Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.      Comparing December 2024 with December 2023, the prices of total exports of goods and imports of goods increased by 2.7% and 2.3% respectively.      As regards price changes in 2024 over 2023, the prices of total exports of goods and imports of goods increased by 3.6% and 3.2% respectively.      Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.      The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2023, the index increased by 0.4% in both December 2024 and 2024 as a whole.      Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.      Comparing December 2024 with December 2023, increases were recorded for the total export volume to Vietnam (47.9%), the mainland of China (the Mainland) (11.2%) and Taiwan (1.2%). On the other hand, the total export volume to the USA (-18.2%) and India (-31.7%) decreased.      Over the same period of comparison, the total export prices to the USA (3.4%), the Mainland (3.3%), Vietnam (2.5%) and Taiwan (2.3%) increased. On the other hand, the total export prices to India decreased by 3.8%.      Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.      Comparing December 2024 with December 2023, declines were recorded for the import volume from Korea (-13.8%), the Mainland (-4.6%) and Japan (-0.7%). On the other hand, the import volume from Taiwan (2.4%) and Singapore (8.3%) increased.      Over the same period of comparison, the import prices from all main suppliers increased: Korea (8.6%), Singapore (3.7%), the Mainland (1.8%), Japan (1.2%) and Taiwan (1.2%). Further information      Details of the above statistics are published in the December 2024 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).      Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).

     
    Ends/Monday, February 17, 2025Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: SFST’s keynote speech at ASIFMA Annual Conference 2025 (English only) (with photo)

    Source: Hong Kong Government special administrative region

         Following is the keynote speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Asia Securities Industry & Financial Markets Association (ASIFMA) Annual Conference 2025 today (February 17):
     
    Peter (Chief Executive Officer of the ASIFMA, Mr Peter Stein), distinguished guests, ladies and gentlemen,
     
         Good morning. It is my great pleasure to join the ASIFMA Annual Conference today, where global leaders, policymakers, and industry experts gather to explore new growth opportunities in the midst of an unprecedented transformation in the global environment.
     
         Our financial market is characterised by deep liquidity, diverse financial products and services, strong emphasis on investor protection, a well-educated and highly efficient workforce, ease of entry for non-local professionals, and effective and transparent financial regulations aligned with international standards. These competitive advantages have been widely recognised by various international institutions. Hong Kong ranked first as Asia’s leading international financial hub in the latest Global Financial Centres Index. Recently, the International Monetary Fund also reaffirmed that our financial system remains resilient, supported by robust institutional frameworks, ample policy buffers, and the smooth functioning of the Linked Exchange Rate System.
     
         And so far, we have made good progress in developing the stock market. Hong Kong’s stock market surged by some 18 per cent and the average daily turnover jumped by 26 per cent from a year earlier. We were also the world’s fourth-largest and Asia’s second-largest initial public offering (IPO) market, with IPO proceeds at about HK$80 billion last year, which is almost double that in the year before last. To strengthen the competitiveness of our market, we have implemented a range of measures including optimising the vetting procedures of listing applications, enhancing the listing regime for specialist technology companies, and enabling market trading under severe weather, to name just a few.
     
         To further boost the efficiency and liquidity of our stock market, the Government, in collaboration with the regulators and HKEX (Hong Kong Exchanges and Clearing Limited), is continuously exploring different market development measures to further enhance our listing regime and trading mechanism, with a view to strengthening overall market competitiveness and expanding our overseas networks. A consultation ongoing is the one concerning optimisation of our IPO price discovery and open market requirements. The consultation will last till March 19 and I am sure Peter will make sure that you are being heard.
     
         The Hong Kong bond market has continued to grow in tandem with the Government’s active promotion. Hong Kong has been the largest centre for arranging bonds issued in the region by Asia-based entities for 16 consecutive years, with nine years being the leader internationally, capturing about a quarter of the market in 2023.
     
         The Government and the regulators will continue to promote the advantages of our bond market to issuers and investors on the Mainland and overseas to deepen our bond market development. We will expand the issuance of Renminbi bonds and support the issuance of more green and sustainable offshore Renminbi bonds in Hong Kong by Mainland and international issuers.
     
         We are expanding our mutual access programmes with the Mainland’s financial market, too. They include expanding the scope of eligible ETFs (exchange-traded funds) under Stock Connect, optimising the arrangements under Swap Connect, as well as the latest enhancement and expansion of Southbound trading of Bond Connect, improving transaction and settlement efficiency while broadening the investment channels for Mainland and offshore investors.
     
         The Government, in collaboration with the regulators and HKEX, will continue to work closely with the Mainland to implement the measures supported by regulators in the two places, including the introduction of Mainland government bond futures in Hong Kong and inclusion of a Renminbi counter under Southbound trading of Stock Connect, and actively exploring further enhancement initiatives.
     
         Building an international gold trading centre is a new growth point for Hong Kong to cement our status as an international financial centre. The Government will promote the development of world-class gold storage facilities and, building on the increased gold holding, scale up associated support and financial services and expand related derivative transactions, hence creating a comprehensive ecosystem in a progressive manner. We already set up a working group last year and we are now working at full steam to formulate a comprehensive implementation plan. Furthermore, we are committed to increasing the storage and delivery of commodities in Hong Kong, not only precious metals but also base metals, and providing better services to Mainland enterprises engaging in international commodity trade. To achieve this, we will facilitate the relevant international commodity exchange which is the London Metal Exchange (LME) to set up accredited warehouses in Hong Kong, enhance associated financial services, and also support the creation of a thriving commodity trading ecosystem.
     
         If you may recall, the 2024 Policy Address announced that the Government will facilitate the opening of new distribution channels for private equity (PE) funds through HKEX’s listings. Alternate asset funds, including PE funds, as eligible collective investment schemes (CISs), may apply for listing in Hong Kong under Chapter 20 of our Listing Rules. The SFC (Securities and Futures Commission) has been engaging with HKEX, industry associations and interested fund managers to explain the relevant regulatory and requirements. On that front, the SFC plans to issue a circular very soon this month to clarify the requirements for authorising closed-end alternative funds for listing on HKEX. The SFC also plans to issue a discussion paper in the first quarter of this year to seek the industry’s views on the viability of allowing retail investors to invest in unlisted alternative funds without committing on any rule changes.
          
         We will also attract more global capital to be managed in Hong Kong. Last March, we launched the New Capital Investment Entrant Scheme. So far, around HK$6.5 billion has been invested. If you look at the amount of financial assets being invested through this HK$6.5 billion, most of them go to financial products, with 45 per cent going to CISs, 39 per cent going to equities and 15 per cent going to debt securities. From March this year, we will relax the net assessment and calculation requirements. We will also accept investments made through an applicant’s wholly owned eligible private company. In addition, we will enhance the profits tax exemption regimes for funds and single family offices. The Government will also put in place an inward company redomiciliation regime which provides a simple and straightforward route for non-Hong Kong incorporated companies to transfer their domicile to Hong Kong while ensuring business continuity. We are confident that these measures will help to bring in more of the world’s top companies and of course talent to our city.
          
         We also strive to deepen our reforms and explore new growth areas using a new mindset amidst changing circumstances. A new growth opportunity is green and sustainable finance, a fast-developing area on the back of climate change. Hong Kong is a leading green and sustainable finance hub in Asia. The total green and sustainable debt, including both bonds and loans, issued in Hong Kong exceeded US$50 billion in 2023. Among which, the volume of green and sustainable bonds arranged in Hong Kong topped the Asian market, accounting for 37 per cent of the regional total.
          
         To solidify the competitiveness of enterprises in Hong Kong to address the global demand for sustainability disclosure, we launched a roadmap on sustainability disclosure in Hong Kong. The roadmap provides a well-defined pathway for large publicly accountable entities (PAEs) to fully adopt the ISSB Standards (International Financial Reporting Standards – Sustainability Disclosure Standards) no later than 2028, leading Hong Kong to be among the first jurisdictions to align our local requirements with those of the ISSB Standards.
            
         Fintech is a new growth area and also one of the new strategic areas. On this front, we issued a policy statement last year to set out the policy stance and approach for promoting the responsible application of artificial intelligence in the financial market. Regarding the sustainable development of virtual assets, we have enhanced the regulatory framework and introduced a bill last year on the regulation of fiat-referenced stablecoin issuers. In addition, the Government will put forward a proposed licensing regime for virtual asset custodian service providers.
          
         And in fact, if you look at the calendar of key events this year, we will very soon have the conference Consensus Hong Kong 2025 which is a world-renowned Web3 global conference. This is the first time they will land in Asia and they have picked Hong Kong as their first stop.
          
         Ladies and gentlemen, the opportunities in Hong Kong are immense despite the complex geopolitical and economic landscape. As we actively integrate into and embrace the opportunities presented by the national development strategies, Hong Kong will remain as an ideal gateway connecting the Mainland capital market with the rest of the world, and provide a prime location and platform for international businesses and investors to tap into the vast business potential and investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, Mainland China and beyond, and of course include the Middle East, ASEAN (Association of Southeast Asian Nations) and India as covered in this year’s conference in many more years to come.
          
         As a leading global financial centre, we will continue to expand and enrich our dynamic capital markets and liquidity pool as well as diversify our product and services offerings to better serve both regional and international investors. We welcome you all to use Hong Kong as a platform to grab the opportunities and at the same time to give us more comments and also views in terms of how we can grow this market further. Thank you.   

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Africa: Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

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

    PARIS, France, February 17, 2025/APO Group/ —

    Africa’s energy sector is seeing growing interest from Islamic financial institutions, as demonstrated by the recent $400 million Murabaha financing secured by Africa Finance Corporation (AFC). This transaction not only underscores the growing role of Islamic finance in Africa’s infrastructure development, but also highlights significant opportunities for deeper financial cooperation between Arab and African nations in the energy sector.

    The strong demand for AFC’s facility, which attracted 11 Islamic financial institutions – including Abu Dhabi Islamic Bank, Al Rajhi Bank and Emirates Islamic Bank – signals growing appetite among Middle Eastern banks to engage in Africa’s development. The facility, upsized from an initial $300 million due to high investor interest, reinforces AFC’s strategy to diversify its funding base and aligns with broader efforts to expand energy investment partnerships between Arab and African countries.

    Islamic finance is emerging as a key source of funding for Africa’s energy sector, particularly for large-scale infrastructure projects. The Murabaha financing structure used in AFC’s deal aligns with Sharia principles, offering an attractive and ethical investment vehicle for Middle Eastern and North African financial institutions seeking exposure to African markets. This move complements AFC’s recent $500 million hybrid bond issuance and the corporation’s ongoing efforts to attract diverse capital sources, including potential Panda bonds in China.

    Opportunities for Arab Investment in Africa’s Energy Future

    The increasing participation of Islamic banks and financial institutions presents a strategic opportunity for Middle Eastern nations to play a larger role in Africa’s energy transition. Countries such as the UAE, Saudi Arabia and Qatar have well-capitalized financial institutions and sovereign wealth funds that can accelerate Africa’s energy infrastructure expansion, particularly in natural gas, renewables and power generation.

    Arab nations already have a growing footprint in Africa’s energy sector. The UAE’s Masdar has been investing in renewable projects across North and sub-Saharan Africa – committing $10 billion to deliver 10 GW of clean energy capacity in Africa by 2030 – while Saudi Arabia’s ACWA Power has been involved in developing solar and desalination projects across the continent. QatarEnergy has been actively advancing hydrocarbon exploration in Africa, expanding its interests in Namibia’s offshore Orange Basin, while ADNOC has strengthened its footprint by acquiring a 10% stake in the Area 4 concession of Mozambique’s Rovuma Basin. However, there remains significant untapped potential for Arab-African cooperation, particularly in financing LNG terminals, gas-to-power projects and oil and gas exploration. Countries like Egypt, Algeria and Libya, which straddle both regions, can serve as financial and logistical bridges between Middle Eastern investors and African energy markets.

    The Role of Energy-Focused Islamic Finance

    The AFC’s Murabaha financing comes at a time when global Islamic finance is experiencing sustained growth, with assets expected to see high single-digit expansion through 2025, according to S&P Global Ratings. This growth is supported by strong balance sheets, high profitability and increasing regulatory backing. The surge in Islamic finance presents a timely opportunity for African energy projects, which require significant capital investment to meet the continent’s growing energy demand.

    One of the major advantages of Islamic finance is its alignment with sustainable investment principles, making it particularly attractive for funding Africa’s energy transition. In addition to AFC’s investment in renewable energy ventures such as Xlinks’ renewable energy initiative and the expansion of Lekela Power’s 3 GW capacity target, Islamic financial institutions could extend their involvement to Africa’s gas sector, which is viewed as a transitional fuel to bridge the energy gap.

    Strengthening Arab-African Partnerships at IAE 2025

    The increasing role of Middle Eastern finance in Africa’s energy sector will be a critical focus at the upcoming Invest in African Energy (IAE) Forum in Paris this May.  Serving as the premier African energy project showcase outside of the continent, IAE 2025 provides a space for African governments, investors and key financial players from the Middle East to explore new partnerships and drive investment in gas, LNG and broader energy infrastructure projects. By tapping into Islamic finance, African countries can secure critical capital to accelerate its energy development. At the same time, Arab nations stand to benefit from deeper economic integration with Africa, gaining access to new markets and resources. The AFC’s successful Murabaha financing serves as a strong indicator that the time is ripe for greater energy sector collaboration between Africa and the Middle East.

    IAE 2025 (http://apo-opa.co/4hC0kAA) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    MIL OSI Africa –

    February 18, 2025
  • MIL-Evening Report: ‘No areas of concern’, says Cook Islands PM on NZ’s China deal fears

    By Caleb Fotheringham, RNZ Pacific journalist in Avarua, Rarotonga

    Cook Islands Prime Minister Mark Brown hopes to have “an opportunity to talk” with the New Zealand government to “heal some of the rift”.

    Brown returned to Avarua on Sunday afternoon (Cook Islands Time) following his week-long state visit to China, where he signed a “comprehensive strategic partnership” to boost its relationship with Beijing.

    Prior to signing the deal, he said that there was “no need for New Zealand to sit in the room with us” after the New Zealand Foreign Affairs Minister raised concerns about the agreement.

    Responding to reporters for the first time since signing the China deal, he said: “I haven’t met the New Zealand government as yet but I’m hoping that in the coming weeks we will have an opportunity to talk with them.

    “Because they will be able to share in this document that we’ve signed and for themselves see where there are areas that they have concerns with.

    “But I’m confident that there will be no areas of concern. And this is something that will benefit Cook Islanders and the Cook Islands people.”

    He said the agreement with Beijing would be made public “very shortly”.

    “I’m sure once the New Zealand government has a look at it there will be nothing for them to be concerned about.”

    Not concerned over consequences
    Brown said he was not concerned by any consequences the New Zealand government may impose.

    The Cook Islands leader is returning to a motion of no confidence filed against his government and protests against his leadership.

    “I’m confident that my statements in Parliament, and my returning comments that I will make to our people, will overcome some of the concerns that have been raised and the speculation that has been rife, particularly throughout the New Zealand media, about the purpose of this trip to China and the contents of our action plan that we’ve signed with China.”

    1News Pacific correspondent Barbara Dreaver was at the airport but was not allowed into the room where the press conference was held.

    The New Zealand government wanted to see the agreement prior to Brown going to China, which did not happen.

    A spokesperson for New Zealand’s Foreign Minister Winston Peters said Brown had a requirement to share the contents of the agreement and anything else he signed under the 2001 Joint Centenary Declaration.

    ‘Healing some of the rift’
    Brown said the difference in opinion provides an opportunity for the two governments to get together and “heal some of the rift”.

    “We maintain that our relationship with New Zealand remains strong and we remain open to having conversations with the New Zealand government on issues of concern.

    “They’ve raised their concerns around security in the Pacific. We’ve raised our concerns around our priorities, which is economic development for our people.”

    Brown has previously said New Zealand did not consult the Cook Islands on its comprehensive strategic partnership with China in 2014, which they should have done if the Cook Islands had a requirement to do so.

    He hoped people would read New Zealand’s deal along with his and show him “where the differences are that causes concern”.

    Meanwhile, the leader of Cook Islands United Party, Teariki Heather, said Cook Islanders were sitting nervously with a question mark waiting for the agreement to be made public.

    Cook Islands United Party leader Teariki Heather stands by one of his trucks he is preparing to take on the planned protest. Image: Caleb Fotheringham/RNZ Pacific

    “That’s the problem we have now, we haven’t been disclosed or told of anything about what has been signed,” he said.

    “Yes we hear about the marine seabed minerals exploration, talk about infrastructure, exchange of students and all that, but we haven’t seen what’s been signed.”

    However, Heather said he was not worried about what was signed but more about the damage that it could have created with New Zealand.

    Heather is responsible for filing the motion of no confidence against the Prime Minister and his cabinet.

    The opposition only makes up eight seats of 24 in the Cook Islands Parliament and the motion is about showing support to New Zealand, not about toppling the government.

    “It’s not about the numbers for this one, but purposely to show New Zealand, this is how far we will go if the vote of no confidence is not sort of accepted by both of the majority members, at least we’ve given the support of New Zealand.”

    Heather has also been the leader for a planned planned today local time (Tuesday NZ).

    “Protesters will be bringing their New Zealand passports as a badge of support for Aotearoa,” he said.

    “Our relationship [with New Zealand] — we want to keep that.”

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

    MIL OSI Analysis – EveningReport.nz –

    February 17, 2025
  • MIL-OSI Asia-Pac: Director General David Cheng-Wei Wu and Mrs. Wu Celebrated Taiwan’s Night Lunar New Year with the Australian Taiwanese Friendship Association (ATFA)

    Source: Republic Of China Taiwan 2

    Director General David Cheng-Wei Wu and Mrs. Wu were delighted to celebrate Taiwan’s Night Lunar New Year with the Australian Taiwanese Friendship Association (ATFA), joined by VIPs including Federal MP Paul Fletcher, NSW MPs Hugh McDermott, Tim James, and Matt Cross, as well as Willoughby Mayor Tanya Taylor and Councilors, all coming together to show their strong support for TW-AU friendship and the Taiwanese community。
    In his remarks, DG Wu highlighted:

    As Prime Minister Anthony Albanese said at Ryde Lunar New Year Festival, the Lunar New Year is a wonderful time of year—one that has become such a cherished fixture on the Australian calendar, with families, friends, and communities coming together in joy and celebration to share in centuries of tradition.
    Indeed, the Taiwanese community brings energy and vibrancy to Australia’s economy while embodying its spirit of diversity and inclusivity. Overseas Taiwanese play a key role in connecting TW with AU and the world, strengthening Taiwan’s international image and influence.
    Taiwan is Australia’s only top-10 export market without an FTA. We urge the launch of FTA negotiations and look forward to Australia’s support, as the 2025 rotating chair, for Taiwan’s accession to CPTPP.

    During the speeches, Federal MP Paul Fletcher expressed heartfelt gratitude for the Taiwanese community’s longstanding support and looked forward to Gisele continuing to advocate for the community. NSW MPs echoed DG Wu’s calls for a TW-AU FTA and Taiwan’s accession to the CPTPP. Mayor Tanya acknowledged the contributions of the Taiwanese community and highlighted that 10 out of 13 city councillors—nearly all—were present in support of the community.
     

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI China: ‘Ne Zha 2’ finishes top five at N. American box office on opening weekend

    Source: China State Council Information Office 3

    Chinese animated blockbuster “Ne Zha 2” rounded out the top five at the North American box office on its opening weekend, making it the biggest opening weekend for any Chinese production in recent years.

    Data from measurement firm Comscore showed on Sunday that the highly-anticipated film has generated an estimated three-day cume of 7.2 million U.S. dollars in North America through Sunday.

    The animated epic fantasy film’s North American pre-sale box office alone has exceeded the opening weekend box office record in North America for any Chinese-language film in the past 20 years.

    Marvel’s “Captain America: Brave New World” debuted atop the North American box office this weekend with an estimated 88.5 million dollars in 4,105 theaters.

    “Ne Zha 2” is being released by CMC Pictures in Mandarin with English subtitles in about 750 selected theaters in North American cities including Los Angeles, San Francisco, Houston, Chicago, New York, Boston, Atlanta, Toronto, Vancouver and a few other cities with a large overseas Chinese population, according to the company.

    Paul Dergarabedian, a senior media analyst at Comscore, noted that “Ne Zha 2” is a “global box office juggernaut.”

    “The widely reported global box office success and amazing reviews of this incredible and beautifully presented animated film has put it high on the must-see list for movie fans in the North American market and that was reflected in the solid numbers this weekend,” he told Xinhua.

    A lady, who gave her name as Emily Li, told Xinhua that she brought her two children to watch the movie.

    “Kids love the story. They even watched the original Ne Zha film online in advance for the plot,” she added.

    “Ne Zha 2” is a sequel to the 2019 animated blockbuster “Ne Zha.” Both films were inspired by China’s 16th-century classic novel “The Investiture of the Gods.”

    The animated film has captivated Chinese audiences with its exquisite animation production, grand visual imagination and rich cultural expression. After opening on Jan. 29, the film swiftly smashed box office records, becoming the highest-grossing film of all time in China.

    As the film continues its record-breaking run, it has grossed an astounding 11.9 billion yuan (about 1.64 billion U.S. dollars) through Sunday. It has become the first non-Hollywood production to break into the top 20 highest-grossing films ever worldwide.

    Industry insiders believe the Chinese movie is on track to becoming the highest-grossing animated film of all time globally. So far, the highest-grossing animated film of all time is Disney’s 2024 film “Inside Out 2,” which earned 1.699 billion dollars worldwide.

    The success of “Ne Zha 2” has attracted widespread attention from the international media.

    CNN reported that “An unruly Chinese boy who battles dragons and defies destiny has made his way to Western cinema screens after smashing box office records in China.”

    “For decades, China’s movie market had been dominated by Hollywood blockbusters. But in recent years, homegrown titles — in genres from action and sci-fi to romance and animation — have increasingly outpaced Western films, a pivot fueled by rising cultural pride, more sophisticated storytelling and rapid technological progress,” the news outlet said.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI Asia-Pac: President Lai meets former United States Deputy National Security Advisor Matthew Pottinger

    Source: Republic of China Taiwan

    Details
    2025-02-11
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

    Details
    2025-02-11
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-11
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-11
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-11
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI United Kingdom: Munich Security Conference: G7 foreign ministers’ statement, February 2025

    Source: United Kingdom – Government Statements

    G7 foreign ministers and the EU gave a joint statement on the margins of the Munich Security Conference on 15 February 2025.

    Foreign Secretary David Lammy with G7 foreign ministers and Vice-President of the European Commission Kaja Kallas at the Munich Security Conference.

    Joint statement:

    The G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America and the High Representative of the European Union, met on the margins of the Munich Security Conference for the first time under Canada’s 2025 Presidency.

    The G7 members discussed Russia’s devastating war in Ukraine.  They underscored their commitment to work together to help to achieve a durable peace and a strong and prosperous Ukraine and reaffirmed the need to develop robust security guarantees to ensure the war will not begin again.  

    The G7 members welcomed their discussion today with Andrii Sybiha, Minister of Foreign Affairs of Ukraine.  They recalled the G7’s important contribution towards ending the war in Ukraine, including through measures pursuant to the G7 Joint Declaration of Support for Ukraine, by supporting Ukraine financially through the use of extraordinary revenues stemming from Russian Sovereign Assets, by imposing further cost on Russia, if they do not negotiate in good faith, through caps on oil and gas prices, and by making sanctions against Russia more effective. Any new, additional sanctions after February should be linked to whether the Russian Federation enters into real, good-faith efforts to bring an enduring end to the war against Ukraine that provides Ukraine with long-term security and stability as a sovereign, independent country.  The G7 members reaffirmed their unwavering support for Ukraine in defending its freedom, sovereignty, independence and territorial integrity.

    The G7 members discussed the provision to Russia of dual-use assistance by China and of military assistance by DPRK and Iran.  They condemned all such support.

    The G7 members discussed political, security and humanitarian issues in the Middle East, including in Israel, Gaza, Lebanon, Syria and Iran, and their commitment to advancing regional peace and stability.  They underscored the importance of a durable, Israeli-Palestinian peace.  They reaffirmed their support for the full implementation of the ceasefire reached between Israel and Hamas, including for the release of all hostages and the expansion of humanitarian aid in Gaza.  The G7 members stand behind the ongoing efforts of Egypt, Qatar and the United States in continuing to work towards a permanent ceasefire.  They reiterated their unequivocal condemnation of Hamas and the need to ensure that Hamas neither reconstitutes militarily nor participates in governance.  They recognized Israel’s inherent right to self-defence, consistent with international law. 

    The G7 members welcomed the outcomes of the International Conference on Syria, hosted by France on February 13, 2025.  They reiterated their shared commitment to the people of Syria and their support for an inclusive political transition process, in the spirit of UN Security Council Resolution 2254.  They welcomed, as well, positive developments in Lebanon, including the recent election of President Joseph Aoun, the designation of Nawaf Salam as Prime Minister, and the formation of a new government.  The G7 members reaffirmed their commitment to both countries’ stability, sovereignty, and territorial integrity.

    The G7 members unequivocally condemned Iran’s destabilizing actions, including its rapid advancement of uranium enrichment without credible civil justification, its facilitation of terrorism organizations and armed groups across the Middle East and Red Sea, its proliferation of ballistic missiles and drones, and its transnational repression and violation of fundamental human rights.

    The G7 members reiterated their commitment to a free, open and secure Indo-Pacific region, grounded in respect for the rule of law and sovereignty.  They strongly opposed any attempts to change unilaterally the status quo using force and underscored the importance of resolving disputes peacefully.  They strongly opposed China’s attempts to restrict freedom of navigation through militarization and coercive activities in the East and South China Sea. 

    The G7 members expressed serious concern over the DPRK’s nuclear and ballistic missile programs and reaffirmed their commitment to the complete denuclearization of the Korean Peninsula. They demanded that the DPRK abandon all its nuclear weapons, existing nuclear programs, and any other weapons of mass destruction (WMD) and ballistic missile programs in a complete, verifiable, and irreversible manner in accordance with all relevant United Nations Security Council resolutions (UNSCRs). They underscored that direct DPRK support for Russia’s war of aggression against Ukraine marks a dangerous expansion of the conflict, with serious consequences for European and Indo-Pacific security. They urged the DPRK to cease immediately all assistance for Russia’s war of aggression against Ukraine, including by withdrawing its troops. The called upon DPRK to resolve the abductions issue immediately.

    The G7 members also discussed urgent situations of conflict and instability elsewhere in the world, including in the Democratic Republic of the Congo and Sudan, and in Haiti and Venezuela.

    The G7 Foreign Ministers looked forward to their meeting in Canada in Charlevoix, Quebec on March 12-14.

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    Updates to this page

    Published 15 February 2025

    MIL OSI United Kingdom –

    February 17, 2025
  • MIL-OSI China: New York stages 27th Lunar New Year parade in Chinatown

    Source: China State Council Information Office 3

    The 27th Lunar New Year parade and festival returned to Chinatown in Lower Manhattan, New York City, on Sunday despite unusual downpours.

    The rain didn’t dampen the high spirits of the celebration’s participants, who enjoyed a display of floats, bands and performances like dragon and lion dances. Thousands of people from far and near lined up the streets in Chinatown and they also had a chance to patronize booths and restaurants in the area.

    Huang Shanren, a calligraphist originally from southeast China’s Fuzhou city joined the parade, holding his calligraphy work — a big-sized golden character “Fu” which means good fortune in Chinese — on red paper.

    Chinese “Fu” culture has a history of thousands of years and there’s a need to carry it on, said Huang.

    The lanterns hung over the streets in Chinatown make people recognize the area easily and the decorations are really interesting, British tourist Louise Phosie told Xinhua. She said that she got to know the parade from a YouTube video and wanted to see traditional Chinese symbolisms like the dragon and the dressing up.

    “Though it’s raining, I heard rain promises a good harvest,” said Anne, a New Yorker from Brooklyn, expressing her hope for a prosperous year in 2025.

    The celebrations also had the presence of guests like Senator of New York and Senate Minority Leader Chuck Schumer, Manhattan District Attorney Alvin Bragg and Chinese Consul General in New York Chen Li.

    The annual event has become a cultural attraction that helps bring foot traffic and business to Chinatown. 

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: ‘Ne Zha 2’ joins all-time global box office top 10 with 12 billion yuan haul

    Source: China State Council Information Office 3

    Chinese animated powerhouse “Ne Zha 2” has surpassed Disney’s 2019 “The Lion King” to claim a spot among the 10 highest-grossing films of all time, with global earnings, including presales, exceeding 12.05 billion yuan (about 1.67 billion U.S. dollars), according to data from ticketing platform Maoyan as of Monday afternoon.

    This achievement comes on the 20th day since the film’s release during the Chinese New Year on Jan. 29.

    It adds to a growing list of records for the film, which became the first to gross 1 billion U.S. dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: China’s auto output, sales see solid increases in January

    Source: China State Council Information Office

    This photo shows a Yangwang U7 of BYD at the 22nd Guangzhou International Automobile Exhibition at the China Import and Export Fair Complex in Guangzhou, south China’s Guangdong Province, Nov. 15, 2024. [Photo/Xinhua]

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

    Total auto 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, according to the China Association of Automobile Manufacturers.

    New energy vehicles performed strongly, with sales surging 29.4 percent year on year to 944,000 units in January — accounting for 38.9 percent of total new vehicle sales last month.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: China’s Xiamen exports over 30 mln e-commerce parcels via air route to Sao Paulo

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

    China’s Xiamen exports over 30 mln e-commerce parcels via air route to Sao Paulo

    Updated: February 17, 2025 15:58 Xinhua

    China’s Xiamen has exported over 30 million cross-border e-commerce parcels since an air cargo route linking it with Sao Paulo in Brazil was launched two years ago.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: More foreign language editions of ‘Understanding Xi Jinping’s Educational Philosophy’ published

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

    More foreign language editions of ‘Understanding Xi Jinping’s Educational Philosophy’ published

    BEIJING, Feb. 17 — The French, Russian, Spanish, and Arabic editions of “Understanding Xi Jinping’s Educational Philosophy” have been jointly published by the Foreign Language Teaching and Research Press and the Higher Education Press.

    Originally published in Chinese in 2020, the book offers a comprehensive and in-depth analysis of the important educational discourses of Xi Jinping, general secretary of the Communist Party of China Central Committee.

    The newly released French, Russian, Spanish, and Arabic editions, alongside the previously published English version, are valuable resources for international readers to understand the historical context and rich content of China’s educational reform and development in the new era.

    The translations were carried out under the guidance of the Ministry of Education.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI Asia-Pac: Taiwan FDI Statistics Summary Analysis (January 2025)

    Source: Republic Of China Taiwan 2

    According to the statistics, 122 foreign direct investment (FDI) projects with a total amount of US$1,111,398,000 were approved in January 2025. This indicates a decrease of 34.05% in the number of cases, but an increase of 88.94% in FDI amount compared to the same period of 2024.

    With regard to inward investment from Mainland China, 2 cases were approved with an amount of US$96,052,000 in January 2025. This indicates a decrease of 33.33% in the number of cases, but an increase of 3050.06% in the FDI amount compared to the same period of 2024. From July 2009 to January 2025, 1,624 cases were approved with a total investment amount added up to US$2,989,221,000.

    In terms of Taiwan’s outbound investment (excluding Mainland China), 43 projects were registered in January 2025 with a total amount of US$422,313,000, indicating a decrease of 29.51% in the number of cases, and a decrease of 5.60% in the amount, as compared to the same period of 2024.

    As for Taiwan’s outward investment to Mainland China, 18 applications have been approved in January 2025, indicating a decrease of 21.74% compared to the same period of 2024. The approved investment amount is US$91,417,000, 4.39% less than the same period in 2024.

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI China: China begins construction of new aeroengine test facility

    Source: China State Council Information Office 2

    China’s first privately-funded aeroengine test facility has begun construction in Chongzhou, Sichuan Province.
    The groundbreaking ceremony on Feb. 13 marked the official launch of the 2.25-billion-yuan (about 314 million U.S. dollars) project, led by ZhongFaTianXin (SiChuan) Aviation Technology Co., Ltd, which aims to address long-standing challenges in high-altitude testing for small and medium-sized aircraft engines, according to the publicity office of the Chongzhou municipal government.
    Slated for completion by 2027, the facility, also a light aircraft engine production base, will provide critical research and development support for next-generation aircraft, including drones, flying cars, and low-altitude vehicles, while advancing China’s burgeoning low-altitude economy, said Liu Chen, chairman of ZhongfaTianxin.
    Aeroengines, often dubbed the “heart of aircraft,” require rigorous testing under extreme conditions to ensure reliability. In recent decades, China has invested heavily in high-altitude simulation infrastructure to develop indigenous engines.
    Li Tao, head of the regional cooperation department of the Chongzhou economic development zone, said that there are currently limited high-performance testing platforms for aeroengines in the country, and those available for the civil market are even rarer.
    “A high-performance testing platform that serves all society will provide significant support for the development of Chongzhou’s low-altitude aviation economy and facilitate the gathering of upstream and downstream industries. This will become the testing ground for the ‘heart of aircraft,’” said Li.
    The Chongzhou facility will enable manufacturers to test engines for thrust, durability, and safety without relying on foreign technology.
    “This facility is 100 percent domestically designed and controlled, with performance reaching international standards,” said Liu, noting that the project timeline has been shortened from five to three years to accelerate innovation.
    Additionally, Feb. 13 also marked a major milestone for the Hongyuan aviation power industrial park project in Chongzhou. With a total investment of 600 million yuan, the project aims to establish a research, manufacturing, and maintenance base for large turbofan engine components. The base will also see the completion of drones, small aeroengines, as well as carbon fiber prepregs and composite structural components, according to the publicity office of the Chongzhou municipal government.
    These projects underscore Chongzhou’s ambition to build a “Sky City” by 2027 — a vision of integrated manufacturing, testing and urban air mobility services.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: GDP of 27 Chinese cities surpasses 1 trillion yuan in 2024

    Source: China State Council Information Office

    The gross domestic product of 27 Chinese cities surpassed 1 trillion yuan ($137.87 billion) in 2024, according to People’s Daily overseas edition on Monday.

    Shanghai, China’s financial hub, and Beijing, the capital city, claimed the first and second positions in the rankings, with respective GDPs of 5.39 trillion yuan and 4.98 trillion yuan in 2024.

    Shenzhen, Chongqing and Guangzhou each exceeded 3 trillion yuan in GDP, while Suzhou, Chengdu, Hangzhou and Wuhan surpassed 2 trillion yuan last year.

    In terms of growth rate, six cities saw GDP growth rates above 6 percent, with Quanzhou leading at 6.5 percent.

    These cities generally possess a well-established industrial system and large-scale industries, said Pan Helin, a member of the expert committee for information and communication economy under the Ministry of Industry and Information Technology.

    The industries in these cities cover high-end manufacturing, modern service industry and scientific and technological innovation, forming a diversified economic structure, according to Pan.

    These cities focus on innovation-driven economies, boasting strong scientific research capabilities and innovation potential, which enables continuous industrial upgrading and transformation.

    In addition, their advantageous geographical locations and transportation networks facilitate resource aggregation and circulation, promoting rapid economic growth, Pan noted.

    In the future, these cities should continue to foster a more convenient, efficient and transparent business environment, focus on improving people’s livelihoods and social services, and strengthen the development of public service systems, Pan added.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Success of ‘Ne Zha 2’ testifies to fast progress of China’s animation

    Source: China State Council Information Office 3

    A moviegoer walks past film posters at a cinema in Jiaxing City, east China’s Zhejiang Province, Feb. 3, 2025. (Photo by Jin Peng/Xinhua)

    “Ne Zha 2,” a Chinese animated blockbuster, has become a testament to the fast progress of China’s animation with its state-of-the-art technology, world-class visuals and compelling storytelling.

    The film, which was released during the Chinese New Year, has shattered multiple box office records, becoming the first film to cross 1 billion U.S. dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

    As its box office continues to climb, the film’s stunning visual effects and animation are nothing short of monumental.

    State-of-the-art technology

    With around 2,000 special effects shots, three times the number of characters in its predecessor “Ne Zha”, and a team of more than 4,000 creators, the film “Ne Zha 2” has redefined what animation can achieve.

    One of the key technologies used in the film is the self-developed dynamic ink-wash rendering engine, which brings traditional Chinese ink-wash painting to life.

    In one notable scene, as Ao Bing swings his weapon across the screen, the ink flows and blends, all in a fleeting 0.8 seconds. This scene, though brief, took the film’s production team an astounding nine months to perfect.

    For years, animators have been struggling to capture the fluidity and essence of ink-wash painting in the digital realm. This breakthrough, however, solved that challenge. It allows real-time simulations of ink spreading on rice paper, authentically reproducing its dynamic, ever-changing beauty.

    With this technique, even the most subtle details — from characters’ skin texture to the flow of their clothing and hair — are imbued with the ink-wash effect. Take Ne Zha, for example. The movements of his iconic weapons, Huntian Cloth and Fire-tip Spear, are enhanced by the ink-wash effects, creating a balance of both power and grace.

    World-class visuals

    “Our goal was to create something that audiences had never seen before, something that would deliver a strong visual impact and offer a fresh artistic expression. This is the kind of work we believe is truly worth doing,” said Yang Yu, director of “Ne Zha 2,” who goes by the nickname Jiaozi.

    According to Shi Chaoqun, the film’s visual effects supervisor, the scale of the film required extensive collaboration among multiple teams. Nearly 140 domestic animation companies contributed to the project, handling everything from animation production to 3D assets and effects composition.

    These companies range from established media giants and specialized animation companies to smaller and lesser-known studios.

    Huang Gong, the film’s technical development director, likened the project to an “Olympic Village” that attracted the best animation talents from across China, according to a media report.

    This collaboration highlights the growing strength of China’s animation ecosystem, showcasing its capacity to manage large-scale, complex productions.

    Compelling storytelling

    “Ne Zha 2” and its predecessor the 2019 blockbuster “Ne Zha” were both inspired by the classic 16th-century novel “The Investiture of the Gods.”

    Set after the events of the first film, the sequel follows Ne Zha and Ao Bing as their souls are saved but their physical forms face dissolution. With the help of the immortal Taiyi Zhenren, who uses the Seven-Colored Lotus to reconstruct their bodies, the two heroes must face numerous challenges.

    The film, with a rich narrative rooted in traditional folklore, takes audiences on an emotional journey that blends action, humor, and heart.

    Before the success of “Ne Zha 2”, “Monkey King: Hero is Back”, “Legend of Deification” and “White Snake: Afloat”, which are also inspired by Chinese mythologies, raised expectations for home-grown animated films.

    “Chinese traditional culture is a huge treasure trove for animated films”, Jiaozi noted, “Animation needs to combine China’s excellent traditional culture with a youthful, contemporary expression.”

    To this end, “Ne Zha 2” incorporates numerous elements of Chinese aesthetics: its visual style draws inspiration from Dunhuang murals; its narrative structure is influenced by the myths of the ancient text “Shan Hai Jing” (Classic of Mountains and Seas); while its soundtracks blend the features of both the Peking Opera and electronic music.

    Hollywood producer Robert King praised the film’s quality and scale after watching the premiere, saying that Chinese films have made significant strides in storytelling in recent years.

    By pushing the boundaries of both traditional Chinese aesthetics and modern animation techniques, “Ne Zha 2” sets a new standard. This breakthrough is not just an artistic triumph. It marks a critical transition in the Chinese animation industry, from “outsourcing” to developing original, world-class technology.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Xi attends symposium on private enterprises, delivers speech

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

    BEIJING, Feb. 17 — Xi Jinping, general secretary of the Communist Party of China Central Committee, on Monday attended a symposium on private enterprises.

    Xi, also Chinese president and chairman of the Central Military Commission, delivered an important speech after listening to representatives of private entrepreneurs.

    Li Qiang and Ding Xuexiang also attended the symposium, which was presided over by Wang Huning.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: US tourists begins first-ever themed tour to China’s GBA

    Source: China State Council Information Office 2

    A group of U.S. tourists departed on Sunday on a first-ever themed trip to China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
    Designed to offer American tourists an immersive experience of a technologically advanced, safe, open and vibrant China, the tour to Beijing, Macao, Hong Kong and Shenzhen was the first GBA-themed trip organized by the China National Tourist Office and the U.S. Tour Operators Association.
    Byron Lorenz, one of the travelers, told Xinhua that this was his first visit to China. “We’re going to four different places in China. I am looking forward to enjoying the Chinese culture, exploring local tours, and doing some shopping.”
    He believes that traveling in person, rather than relying on books or videos, provides a deeper understanding of the culture and environment. “It definitely allows you to understand the culture more.”
    In December last year, China announced a significant relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travelers from the original 72 and 144 hours to 240 hours, or 10 days.
    Following the first GBA tour from Los Angeles, more travel routes to China will be organized in collaboration with American travel agencies, according to Air China North America.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Artificial intelligence use by kids sparks concerns

    Source: China State Council Information Office 2

    A teacher instructs students to interact with an intelligent robot at the No.1 Primary School in Boxing County, east China’s Shandong Province, Feb. 13, 2025. [Photo/Xinhua]
    With schools set to reopen after the winter vacation, students will return to their classrooms with rapidly evolving artificial intelligence tools that have become efficient assistants for those rushing to complete their assignments. But the trend has also sparked concerns about AI’s growing role in education.
    With just a few simple prompts, students can use AI tools such as DeepSeek or Kimi to tackle their schoolwork. Typical assignments in primary and secondary schools — ranging from solving math problems and writing essays to designing posters — can now be easily handled with generative AI.
    “AI tools have saved me a lot of time tutoring my child,” said Su Min, a 40-year-old mother of a sixth grader in Beijing. “I learn how to solve problems with AI and then teach my daughter.”
    However, Su emphasized that her daughter does not use AI tools for schoolwork on her own.
    “Simply copying the results generated by AI is not beneficial,” she said.
    Chen Zhuo, a 16-year-old 11th grader from Hangzhou, Zhejiang province, said she started using AI out of curiosity.
    “I used AI to generate a framework for my essay and then refined it myself,” she said. “But I found it lacked emotional depth and was disconnected from current events.
    “While it may lead to reliance, I don’t use it for my math homework because copying answers from AI is meaningless. Ultimately, I need to learn how to solve problems on my own.”
    Parents on social media are now sharing their experiences with using AI to help their children with their assignments, particularly those they see as unimportant.
    “Given the tight schedule of a ninth grader during winter vacation, AI tools help with time-consuming tasks that don’t significantly impact grades, like simple writing or making posters,” one user commented on Chinese lifestyle app RedNote.
    While AI tools make schoolwork easier, some teachers are concerned about unauthorized use, as students’ homework increasingly contains AI-generated content.
    Although some universities have implemented strict guidelines for AI use in research and thesis writing, primary and secondary schools have largely lacked clear regulations.
    In December, the Ministry of Education issued guidelines aimed at strengthening AI education in primary and secondary schools. The initiative includes developing a systematic AI curriculum and expanding AI education nationwide by 2030.
    To promote the responsible use of AI, some schools are exploring ways to integrate it into assignments. The affiliated primary school of Beijing No 12 Middle School, for example, assigned an AI-related homework project over the winter break. Younger students were tasked with generating AI-assisted paintings of Spring Festival, while older students wrote an English research report on the festival’s cultural influence and consumption trends using AI tools.
    “While AI is often touted as a tool to enhance education, its impact on children’s self-development could be more detrimental,” said Xiong Bingqi, director of the 21st Century Education Research Institute. “Relying on AI for knowledge acquisition hinders the development of their capabilities.”
    Xiong said uniquely human skills such as imagination and creativity are becoming increasingly valuable in the face of rapid AI development.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Announcement on Open Market Operations No.31 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.31 [2025]

    (Open Market Operations Office, February 17, 2025)

    In order to keep the liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB190.5 billion through quantity bidding at a fixed interest rate on February 17, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB190.5 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年02月17日

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI Submissions: Appointments – Simon Davies announced as new SAP Regional President, Asia Pacific

    Source: SAP

    AUCKLAND, 17 February 2025 – SAP Asia Pacific (APAC) announced Simon Davies as President for the newly-created APAC region, effective immediately. Based in Singapore, Davies will oversee strategy, operations, people, sales, services, partners, and profitability across Asia Pacific for SAP SE (NYSE: SAP). After five years in the role, Paul Marriott returns to Europe to be closer to family.

    With SAP market units operating in Australia and New Zealand (ANZ), Greater China, India, Japan, Korea, and Southeast Asia, Davies will be responsible for overseeing more than 31,000 employees across 78 offices. Across the APAC region, SAP services leading customers including NEC Corporation, Coles Group, Wipro, Fujitsu Limited, Shiseido, Hyundai Motor Company, Kia Corporation, Himalaya, Cochlear, and Japan Airlines.

    Prior to this appointment, Davies has spent 25 years building, selling, and implementing IT solutions in Asia Pacific, working with some of the world’s leading software companies, including Microsoft, Salesforce, and Oracle. Most recently, he was Senior Vice President and General Manager of Asia Pacific and Japan at Splunk, a position he held for over three years. Davies also serves on the board of several pre-IPO technology companies and is a member of the Australian Institute of Company Directors (MAICD).

    Manos Raptopoulos, Chief Revenue Officer for APAC, EMEA, and MEE, said “Our next chapter is being fuelled by accelerated cloud and AI innovation, underpinned by our purpose, our people, and our partnerships. Simon combines experience in Asia’s fast-growth, innovation-hungry markets with proven expertise in building high-performance, diverse, and inclusive teams. I’m confident that, under Simon, SAP APAC will build on the tremendous momentum established during Paul’s leadership and continue to be a catalyst for innovation and supporting customer success.”

    Simon Davies said, “I’m very excited for this new chapter to begin. Across Asia Pacific and Japan, we see forward-thinking businesses accelerating strategic transformation supported by SAP. Establishing a solid foundation in the cloud and leveraging business data is the gateway to exploring new avenues of growth in areas like artificial intelligence, data analytics, and sustainability.”

    About SAP
    As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

    MIL OSI – Submitted News –

    February 17, 2025
  • MIL-OSI New Zealand: Deputy PM to visit Middle East and North Asia

    Source: New Zealand Government

    Deputy Prime Minister Winston Peters will travel to Saudi Arabia, the United Arab Emirates, China, Mongolia, and the Republic of Korea later this week.

    “New Zealand enjoys long-standing and valued relationships with Saudi Arabia and the UAE, both highly influential actors in their region. The visit will focus on building on economic growth opportunities, as well as discussing Middle East issues,” Mr Peters says.

    In Riyadh, Mr Peters will also attend the 2025 Saudi Cup – one of the world’s richest horse race meetings, where he will meet with potential investors in the New Zealand racing sector. 

    He will also attend Kiwi boxer Joseph Parker’s world heavyweight IBF title challenge against Briton Daniel Dubois, with the bout attracting global attention. 

    “Saudi Arabia is expanding investment in foreign bloodstock markets, and we will explore interest in New Zealand which could have significant growth potential for our racing sector.

    “And Joseph Parker’s world heavyweight title bout is a unique opportunity to capitalise on promoting New Zealand in the sporting and commercial sectors in the Middle East,” Mr Peters says.

    In Beijing, Mr Peters will hold talks with senior Chinese leaders, including Foreign Minister Wang Yi.This will continue a personal connection with China by Mr Peters spanning four decades.

    “China is one of New Zealand’s most significant and complex relationships, encompassing important trade, people-to-people, and cultural connections. We intend to maintain regular high-level political dialogue with China,” Mr Peters says. 

    “We will discuss the bilateral relationship, as well as Pacific, regional, and global issues of interest to both countries.”

    Mr Peters will then travel on to Ulaanbaatar, where he will discuss areas of cooperation in agriculture and tourism, as well as mark the 50th anniversary of New Zealand’s diplomatic relations with Mongolia. 

    Mr Peters will also visit Seoul to meet Korean Foreign Minister Cho Tae-yul and look at economic opportunities for New Zealand.

    Mr Peters departs New Zealand on 20 February and returns on 2 March.

    MIL OSI New Zealand News –

    February 17, 2025
  • MIL-OSI China: Chinese scientists identify key genes to fight against crop parasites

    Source: China State Council Information Office 2

    Chinese scientists have identified two critical genes responsible for sorghum’s resistance to Striga, a parasitic plant that causes significant crop losses.
    The study, published in the journal Cell, was conducted by researchers from the Institute of Genetics and Developmental Biology (IGDB) of the Chinese Academy of Sciences, China Agricultural University and other institutions.
    Striga, also known as “witchweed,” is a destructive parasitic plant that depends on host plants for nutrients and water, severely affecting crop yields and agricultural ecosystems.
    Sorghum, a vital crop in many regions, is vulnerable to Striga infestation. Sorghum roots release strigolactones (SLs), a class of plant hormones that help recruit mycorrhizal fungi for nutrient uptake. However, these same SLs inadvertently act as signals for dormant Striga seeds in the soil, triggering their germination and subsequent infestation of the host plant, explained Xie Qi, a researcher from IGDB.
    “The parasitization process of the Striga is extremely insidious and difficult to control,” Xie said.
    Using gene mining techniques alongside big data analysis and other technologies, the research team has identified two key genes, SbSLT1 and SbSLT2, for the first time. Their findings reveal that knocking out these genes inhibits SL secretion. Under these conditions, Striga is unable to germinate and infect the host.
    Field trials demonstrated that sorghum with knocked-out SbSLT1 and SbSLT2 genes exhibited 67 to 94 percent lower infestation rates and 49 to 52 percent reduction in yield loss, according to the study.
    These findings offer valuable genetic resources and technical support for breeding Striga-resistant sorghum varieties, Xie said.
    The researchers emphasized that the discovery of SbSLT1 and SbSLT2 could provide crucial tools for combating parasitic plants, potentially addressing food security challenges in countries severely affected by parasitic plants, especially African and Asian countries. Future research will focus on validating these genes in crops such as maize, tomato and millet. 

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Chinese military effectively deals with Canadian warship’s transit through Taiwan Strait: spokesperson

    Source: China State Council Information Office 2

    The Chinese military monitored the passage of a Canadian frigate through the Taiwan Strait on Sunday and has effectively dealt with it, said a spokesperson for the Eastern Theater Command of the People’s Liberation Army. 
    Follow China.org.cn on Twitter and Facebook to join the conversation.ChinaNews App Download

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Two more Nanjing Massacre survivors die, 28 left

    Source: China State Council Information Office 2

    Two survivors of the Nanjing Massacre passed away on Saturday, bringing the number of living registered survivors to 28, according to the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders on Sunday.
    Yi Lanying, who died at the age of 99, had a front tooth knocked out by a Japanese officer during the massacre. She also witnessed a Japanese soldier stab to death with his bayonet a young man who had been eating breakfast, as well as a group of Japanese soldiers searching homes and abducting more than 70 young men.
    These traumatic experiences left her with deep fear that led to panic attacks, heart palpitations and tinnitus. During her life, she expressed her hope that future generations would never forget the innocent lives that were lost in the massacre.
    Tao Chengyi, who died at the age of 89, lost his father, uncle and cousin at the hands of the Japanese invaders. “After my father was killed, my mother struggled to make a living by running a small business with us children. The war destroyed my childhood,” Tao had said.
    The Nanjing Massacre occurred when Japanese troops captured the then Chinese capital on Dec. 13, 1937. Over six weeks, they killed approximately 300,000 Chinese civilians and unarmed soldiers in one of the most barbaric episodes of World War II.
    In 2014, China’s top legislature designated Dec. 13 as a national memorial day for the victims of the Nanjing Massacre. 

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI China: Surge in cross-border travel for Chinese New Year holiday

    Source: China State Council Information Office

    A French couple Tristan and Anouk Masselin visit Yuyuan Garden area in east China’s Shanghai, Feb. 1, 2025. [Photo/Xinhua]

    Cross-border tourism has emerged as a driving force for the Spring Festival travel market in the Year of the Snake, thanks to expanded visa-free policies, said travel agencies and experts.

    A Trip.com report revealed that overall cross-border travel orders increased by 30 percent compared to last year, with a staggering 180 percent growth in inbound ticket orders and over 60 percent growth in inbound hotel bookings.

    Data from another travel portal Qunar show that during the Spring Festival period, the number of non-Chinese passport holders booking domestic flights increased by 70 percent compared to last year, with more foreigners exploring second and third-tier cities.

    This trend is further confirmed in a set of data released by Hainan Airlines. During the Spring Festival holiday period (Jan 28 — Feb 4), Hainan Airlines transported over 20,000 visits of foreign passengers.

    While many foreigners traveled to China, a significant number of Chinese people chose to celebrate the Chinese New Year overseas.

    Data from Trip.com reveal that short-haul outbound trips to Japan doubled compared to last year’s Spring Festival. Long-haul destinations like the United States, Spain, Italy and France also saw a surge in popularity, with increases of 53 percent, 82 percent, 56 percent and 50 percent, respectively.

    Looking at bookings on Qunar, Chinese tourists’ footprints spanned over 2,100 overseas cities this Spring Festival, marking a 50 percent increase from last year.

    Shanghai residents were truly global holidaymakers, with the highest total number of outbound flight tickets purchased during the Spring Festival period among all Chinese cities, showing a 57 percent year-on-year increase.

    Notably, as more countries offer visa exemptions and decrease in airfare and hotel prices for outbound travel, coupled with the increasing number of new flight routes, it means that more residents of smaller cities are able to more easily experience the joy of celebrating the Chinese New Year abroad.

    “Residents of third-tier and below cities accounted for over 30 percent of the total outbound flight ticket purchases during Spring Festival, more than doubling compared to last year. Cities with the highest growth rates include Zhangjiakou in Hebei province, Binzhou in Shandong province, Ordos in Inner Mongolia autonomous region, and Yangjiang in Guangdong province, with their residents booking increasing more than twice on a year-on-year basis during Spring Festival,” said Xiao Peng, a researcher at Qunar.

    “Overall, Thailand remains a top choice for many Chinese travelers during Spring Festival,” said Cai Muzi, a researcher at Qunar’s big data research institute, citing its proximity, visa-free access, affordability and pleasant weather. However, Japan’s popularity surged, overtaking Thailand as the most popular outbound destination during Spring Festival this year.

    As Chinese travelers become more experienced with outbound travel, their overseas travel methods have diversified. Trip.com’s overseas platform shows a 42 percent increase in overseas car rental orders compared to last year, and a significant 20 percent growth in overseas chartered tours during Spring Festival.

    The platform also saw a record high in overseas transfers to airport hauling service orders during the Spring Festival holiday, with a 58 percent year-on-year increase in transaction value. Notably, Japan, South Korea and Thailand experienced even more significant growth during Spring Festival, with Japan’s gross merchandise volume increasing by 120 percent compared to 2024.

    Zhou Huijie, a researcher with Trip.com, said that the influx of international travelers visiting China for the Chinese New Year and the trendy topics of “UNESCO intangible cultural heritage Spring Festival” on global social media platforms have elevated the Chinese New Year experience, with Chinese people traveling abroad and foreigners coming to China to celebrate the festival.

    In addition to popular inbound tourism cities like Beijing, Shanghai, Guangzhou and Shenzhen, destinations rich in intangible cultural heritage such as Shijiazhuang, Fuzhou and Xi’an saw respective increases of 50 percent, 52 percent and 97 percent in inbound travel orders compared to last year’s Spring Festival.

    MIL OSI China News –

    February 17, 2025
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