Category: China

  • MIL-OSI China: China, Mongolia eye synergy of development strategies

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

    HARBIN, Feb. 14 — Chinese Premier Li Qiang on Friday met with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene in Harbin, capital city of northeast China’s Heilongjiang Province.

    Oyun-Erdene is here for the closing ceremony of the 9th Asian Winter Games.

    China and Mongolia are friendly neighbors connected by mountains and rivers, said Li, noting that close cooperation and joint development are in the common interests of both sides.

    China is willing to work with Mongolia to further implement the important consensus reached by the two heads of state, firmly grasp the right direction for the development of bilateral ties, consolidate political mutual trust, carry forward the traditional friendship, deepen mutually beneficial cooperation and bring more benefits to the two peoples, Li said.

    Li added that China is ready to strengthen the synergy of development strategies and policy coordination with Mongolia, maintain the positive momentum of bilateral cooperation, and boost cooperation in traditional fields such as mineral, energy, connectivity and infrastructure, as well as expand cooperation in emerging areas such as artificial intelligence and green development.

    Li called on both sides to deepen cooperation in fields such as culture, education and tourism, support youth exchanges, and consolidate public support for friendship between the two countries.

    China is ready to work with Mongolia and other Asian countries to uphold the common values of peace, unity and cooperation, closely coordinate and cooperate with each other, practice genuine multilateralism, jointly safeguard regional peace, stability and development, and better safeguard common interests, the premier noted.

    Oyun-Erdene extended his warm congratulations to China for successfully hosting the 9th Asian Winter Games, emphasizing that the event would further promote Asian values and amplify Asian voices.

    Noting that Mongolia and China are eternal neighbors, he said developing long-term, stable and friendly relations with China is Mongolia’s primary foreign policy focus.

    Oyun-Erdene said Mongolia firmly adheres to the one-China policy and looks forward to making joint efforts with China to strengthen high-level exchanges and strengthen the connection between Mongolia’s development strategy and the Belt and Road Initiative.

    Mongolia is ready to deepen practical cooperation with China in fields such as economy and trade, connectivity, energy, resources and infrastructure, and push comprehensive strategic partnership to a higher level, Oyun-Erdene added.

    MIL OSI China News

  • MIL-OSI: China Medical System (867.HK) is Included in the S&P Global Sustainability Yearbook 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, CHINA, Feb. 14, 2025 (GLOBE NEWSWIRE) —  In February 11th 2025, with a Corporate Sustainability Assessment (CSA) score of 61, surpassing 93% of global peers, China Medical System Holdings Limited (“CMS” or the “Group”) has been included in the S&P Global Sustainability Yearbook 2025 (the “Yearbook 2025”). This marks the Group’s first inclusion in the global edition of S&P Global Sustainability Yearbook (the “Yearbook”), following the S&P Global Sustainability Yearbook (China Edition) inclusion for consecutive two years.

    Since its launch in 2008, the Yearbook’s professionalism and authority have been highly recognized by global ESG investors and other stakeholders. The Yearbook aims to identify outstanding companies in sustainable development from each industry. 7,690 companies across 62 industries were assessed, while only 780 stood out and were included in the Yearbook 2025. The inclusion in the Yearbook 2025 represents a high recognition of sustainable development practices of CMS.

    CMS has been actively responding to the United Nations Sustainable Development Goals (SDGs) for years, by integrating ESG governance into its corporate strategy and formulating an ESG strategy covering various dimensions in operation. The Group continues to invest in innovation to enhance the accessibility of advanced diagnostic and treatment technologies, and actively take its social responsibilities to create greater value at the business, industry, and societal levels. The Group’s sustainability performance has also been recognized by several authoritative ESG rating institutions. The Group’s MSCI ESG rating has been maintained at “AA”; the Hong Kong Quality Assurance Agency (HKQAA) sustainability rating is in the top 10% of the industry; and the Sino-Securities Index ESG rating is “AA”.

    In the future, with its ESG vision of “becoming a world-leading sustainable pharmaceutical enterprise”, CMS will strengthen its practices in corporate governance, social contributions, and environmental protection, working together with all stakeholders to promote sustainable development and contribute to the realization of a more habitable planet.

    About CMS
    CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

    CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

    CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its dermatology and medical aesthetics business, and ophthalmology business, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.

    CMS Disclaimer and Forward-Looking Statements
    This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

    This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

    Media Contact

    Brand: China Medical System Holdings Ltd.

    Contact: CMS Investor Relations

    Email: ir@cms.net.cn

    Website: https://web.cms.net.cn/en/home/

    Source: China Medical System Holdings Ltd.

    The MIL Network

  • MIL-OSI China: Hukou Waterfall showcases icy wonder with rainbow

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

    Recently, the iconic Hukou Waterfall on the Yellow River has transformed into a breathtaking icy wonderland. Located at the border of Shanxi and Shaanxi provinces, the waterfall is now a stunning display of ice floes, frozen cascades, and even a vibrant rainbow!

    MIL OSI China News

  • MIL-OSI China: China pushes for high-level self-reliance in agricultural tech

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

    BEIJING, Feb. 14 — China’s Ministry of Agriculture and Rural Affairs issued a notice on Friday outlining key sectors for agricultural technology innovation from 2024 to 2028, with the goal of accelerating progress toward high-level self-reliance in agricultural technology.

    A new wave of agricultural technology revolution, driven by biotechnology and information technology, is on the verge of achieving significant breakthroughs, according to the document.

    The notice highlights that emerging technologies such as gene editing and artificial intelligence are evolving rapidly, accelerating the restructuring of industrial and supply chains in the agricultural sector.

    Breeding new varieties is one of the focuses of agricultural technology development over the next five years, as outlined in the document. China aims to accelerate the research, development and application of biotechnological breeding, while also cultivating high-quality varieties with independent intellectual property rights.

    Other key areas of focus include improving the quality of arable land, developing and manufacturing agricultural machinery as well as ensuring the quality and safety of agricultural products, according to the notice.

    MIL OSI China News

  • MIL-OSI China: Closing ceremony of 9th Asian Winter Games to be held in Harbin

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

    Closing ceremony of 9th Asian Winter Games to be held in Harbin

    Updated: February 14, 2025 20:27 Xinhua
    The Harbin Ice and Snow World Park is seen prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    Artists perform prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The cauldron is seen at the Harbin Ice and Snow World Park prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The Harbin Ice and Snow World Park is seen prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The cauldron is seen at Harbin Ice and Snow World Park prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    Children perform prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    Children perform prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The cauldron is seen behind a snowman at Harbin Ice and Snow World Park prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The Harbin Ice and Snow World Park is seen prior to the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]
    The cauldron is seen at the Harbin Ice and Snow World Park before the closing ceremony of the 9th Asian Winter Games in Harbin, northeast China’s Heilongjiang Province, Feb. 14, 2025. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: China, Kyrgyzstan to deepen law enforcement, security cooperation

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

    BEIJING, Feb. 14 — Chinese State Councilor and Minister of Public Security Wang Xiaohong met with Kamchybek Tashiev, deputy chairman of the Cabinet of Ministers of the Kyrgyz Republic and chairman of Kyrgyzstan’s State Committee for National Security on Friday in Beijing.

    China is willing to work with Kyrgyzstan to implement the important consensus reached by the two heads of state, seize the important opportunity of high-quality Belt and Road cooperation, deepen practical cooperation in areas such as counter-terrorism, combating transnational crimes, border management and border inspection at ports, Wang said.

    China is also ready to work with Kyrgyzstan to promote the safe and stable implementation of major projects such as the China-Kyrgyzstan-Uzbekistan Railway, jointly safeguard the common interests of the two countries, and promote the building of a China-Kyrgyzstan community with a shared future, Wang added.

    Tashiev said that Kyrgyzstan is willing to make joint efforts with China to push law enforcement and security cooperation between the two countries to a new level.

    MIL OSI China News

  • MIL-OSI Global: Serbia is facing its largest-ever protest movement – why is Europe looking away?

    Source: The Conversation – UK – By Andi Hoxhaj, Lecturer in Law, King’s College London

    On November 1 2024, the roof of a newly €55 million renovated railway station in Novi Sad, Serbia’s second biggest city, collapsed and killed 15 people. The deaths sparked Serbia’s largest wave of student-led anti-government protests since Yugoslavia’s disintegration in 2000.

    The protests pose the most serious threat to Serbian president Aleksandar Vučić’s power since he became prime minister in 2014, and president in 2017. The protest movement has highlighted Vučić’s growing authoritarian rule and widespread corruption in Serbia.

    Serbians believe that the deadly roof collapse was caused by government corruption. The station was renovated by a Chinese-led consortium as part of China’s Belt and Road Initiative investments and growing political ties with Serbia. The Chinese consortium and Vučić refused to publish the railway station restoration procurement contract after protesters demanded it.

    The protesters have four demands: the publication of all procurement documents concerning the renovation of the station, a stop to the prosecution of students arrested during the protests, the prosecution of police and security forces involved in attacking students during the protests and a 20% increase in the budget for higher education.

    However, the Serbian government and media — most of which Vučić controls through a network of political patronage and cronyism – are downplaying the protests and threatening students.

    Vučić claims that foreign powers are behind the protests to topple him and destabilise Serbia. Russia and China have fully supported Vučić’s claims that Serbia is the target of a western plot to orchestrate the protesters and overthrow Vučić.

    Serbia’s history of corruption

    In the decade after former president Slobodan Milošević was overthrown, Serbia implemented a number of democratic and anti-corruption reforms. As a result, the country climbed to 72nd place out of 180 countries in Transparency International’s Corruption Perception Index in 2013. Serbia opened EU membership negotiations the following year.

    However, since Vučić took office, Serbia has become more authoritarian. Corruption is widespread, and the government has exploited tensions and instability with most of its western Balkans neighbours, primarily Kosovo, for political gain.

    Serbia was downgraded to partly free by Freedom House in 2019, and the V-Dem Institute (Varieties of Democracy) labelled it as as an “electoral autocracy”. Serbia dropped to 105th place in Transparency International’s Corruption Perception Index in 2024.

    Many international organisations monitoring anti-corruption, human rights and democracy have reported Vučić’s authoritarian tendencies and corruption in Serbia.

    A report from Amnesty International published in December 2024 describes Serbia as a “digital prison”. It has been reported that Serbian authorities are using surveillance technology to monitor and suppress the protesters and other political opponents.

    International response

    The EU has mostly stayed silent since the protests began. After receiving letters from NGOs and activists, EU Commissioner for Enlargement Marta Kos stated that the EU is following the protests in Serbia, and backed the rule of law and freedom of assembly.

    This is a far cry from the EU’s response to protests in Georgia last year. EU commission president Ursula von der Leyen said “the Georgian people are fighting for democracy” – yet has stayed silent on the protests in Serbia.

    Some argue this (lack of) response is because in August 2024, Vučić made a deal with the EU to provide lithium to the bloc – a boon to the EU’s electric vehicle production. There were also widespread protests against the lithium deal over its transparency and concerns that the mine would cause irreversible environmental destruction to Serbia’s Jadar Valley.

    The US has also stayed quiet. President Donald Trump’s associates were recently granted permission to build a Trump hotel in Belgrade. Further, Rod Blagojevich, the former governor of Illinois who served eight years in prison for corruption, is being considered as the new US ambassador to Serbia. Blagojevich, whose father is from Serbia, expressed support for Vučić and visited the country.

    What is next for Serbia?

    Serbia’s prime minister, Miloš Vučević, and Novi Sad’s mayor, Milan Đurić, both resigned in an effort to de-escalate the protests. Following the resignation of the PM, Vučić has said that he is open to the new government making the documents about the station collapse public.

    While this may be a sign that the protests are loosening Vučić’s grip, the movement has only intensified, spreading to more than 200 towns on February 1.

    Vučić has pledged to either form a new government within one month, or organise a new parliamentary election in the spring to address the protesters’ demands. However, this would barely paper over the cracks of systemic corruption in Serbia.

    The student movement has revealed how democracy and the rule of law have eroded since Vučić came to power in 2014.

    The protests have also exposed the international community’s complicity in supporting Vučić under the premise that he is a constructive partner for regional cooperation and stability in the western Balkans.

    But to have a lasting impact in Serbia, the protesters should also demand a transitional government to undertake anti-corruption and democratic reforms to strengthen the rule of law, and to organise the next elections.

    At the heart of these reforms must be constitutional changes, such as term limits on elected public office. Research shows stricter term limits can reduce the costs of corruption, abuse of power and attacks on the rule of law and democracy.

    Term limits would also prevent figures with authoritarian tendencies, like Vučić, from becoming the state themselves with unlimited and unaccountable power.

    The EU also has a role to play here. By not putting pressure on Vučić, the EU is empowering his authoritarian tendencies. Second, in EU membership negotiations, it should introduce electoral reform as a new requirement for all EU candidate countries.

    Other leaders in the western Balkans have adopted similar authoritarian government models and patronage systems as Serbia to maintain power. These would undermine and threaten the EU rule of law, if they were to join the bloc today.

    The EU must also publicly support student protesters who want Serbia to become more democratic and accountable. After all, the students are fighting for the very ideals on which the EU was founded.

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

    ref. Serbia is facing its largest-ever protest movement – why is Europe looking away? – https://theconversation.com/serbia-is-facing-its-largest-ever-protest-movement-why-is-europe-looking-away-249388

    MIL OSI – Global Reports

  • MIL-OSI China: Philippines’ introduction of Typhon missile system is like giving open invitation to burglar and assisting evildoer 2025-02-14 Senior Colonel Zhang Xiaogang, spokesperson for China’s Ministry of National Defense, said on Friday that China has made clear multiple times its firm opposition against the US deployment of the mid-range missile system in the Philippines.

    Source: People’s Republic of China – Ministry of National Defense 2

    BEIJING, Feb. 14 — “China requires the Philippine side to recognize the high sensitivity and severe consequences of the deployment of Typhon missile system, remove the system as soon as possible to honor its previous open promises, and return to the right track of dialogue and consultations at an early date,” said a Chinese defense spokesperson at a press briefing on Friday.

    The US Indo-Pacific Command recently said that the Typhon strategic mid-range missile system had been relocated from the Laoag airfield to another location on the island of Luzon, and that the relocation, however, was not an indication that the system would be permanently deployed in the Philippines. The Philippine side said that it would return the Typhon system to the US so long as China stops claiming Philippine territory, harassing Philippine fishermen and attacking Philippine ships.

    In response, Senior Colonel Zhang Xiaogang, spokesperson for China’s Ministry of National Defense, said that China has made clear multiple times its firm opposition against the US deployment of the mid-range missile system in the Philippines.

    “The Typhon missile system is a strategic asset and an offensive weapon. The Philippine side has repeatedly gone back on its words and brought in the system to cater to the US,” said the spokesperson, pointing out that such decision would only place the Philippines’ own security and national defense in the hands of others, and lead to geopolitical confrontation and risks of arms race in the region. It’s like giving an open invitation to the burglar and assisting the evildoer.

    The spokesperson mentioned that the territory of the Philippines is defined by a series of international treaties, including the 1898 Treaty of Peace between the United States of America and the Kingdom of Spain, the 1900 Treaty between the United States of America and the Kingdom of Spain for Cession of Outlying Islands of the Philippines, and the 1930 Convention between His Majesty in Respect of the United Kingdom and the President of the United States regarding the Boundary between the State of North Borneo and the Philippine Archipelago.

    “China’s Nansha Qundao and Huangyan Dao fall outside the Philippine territory defined by these treaties,” said the spokesperson, adding that China’s law-enforcement activities in relevant waters are reasonable, lawful and beyond reproach.

    “By using the deployment of Typhon as a bargaining chip on the South China Sea issue, the Philippine side is selling out its own national security, putting the well-being of its people and regional peace and stability at grave risks. Such behavior is ridiculous and very dangerous,” said the spokesperson.

    The spokesperson urged the Philippine side to recognize the high sensitivity and severe consequences of this issue, remove the Typhon missile system as soon as possible to honor its previous open promises, and return to the right track of dialogue and consultations at an early date.

    The spokesperson stressed that China will continue to take necessary measures to resolutely counter provocations and infringements and safeguard China’s territorial sovereignty and maritime rights and interests.

    MIL OSI China News

  • MIL-OSI Africa: Africa Finance Corporation and the Export-Import Bank of China (CEXIM) Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa

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

    BEIJING, China, February 14, 2025/APO Group/ —

    Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to deepen collaboration in financing strategic infrastructure and trade projects across Africa.

    The agreement builds upon an existing relationship between the two institutions, dating back to 2018, and reinforces a shared commitment to accelerating economic development through sustainable investments. To date, AFC has secured a total of US$700 million in financing from CEXIM, including a US$300 million facility in 2018 and another US$400 million loan in 2023. This renewed partnership will focus on financing trade and investment projects in key sectors such as clean energy, transportation, telecommunications, and climate change mitigation, while also facilitating knowledge exchange and collaboration on best practices in project structuring and risk management.

    “Our partnership with CEXIM strengthens Africa’s trade and investment ties with China, creating new pathways for infrastructure development and industrial growth,” said Samaila Zubairu, President & CEO of AFC. “Strategic collaborations like this are key to accelerating Africa’s industrialisation and with CEXIM’s support, we are unlocking opportunities to build more resilient economies, mobilise capital at scale, and drive long-term prosperity across the continent.”

    AFC has been steadily expanding its presence in the Chinese financial markets recently securing an AAA domestic credit rating from China Chengxin International Credit Rating Co. Ltd (CCXI) and an AAAspc issuer credit rating from S&P Ratings (China) Co., Ltd. These ratings demonstrate AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding. AFC also finalised a US$1.16 billion syndicated loan last year, co-led by the Bank of China and the Industrial and Commercial Bank of China (ICBC) London Branch.

    This collaboration underscores AFC and CEXIM’s mutual goal of fostering economic integration and sustainable development across Africa. Through this partnership, the two institutions will work together to mobilise funding for high-impact projects, enhance trade finance solutions, and support private sector growth across the continent.

    MIL OSI Africa

  • MIL-OSI Asia-Pac: CE meets Guangzhou official

    Source: Hong Kong Information Services

    Chief Executive John Lee met Secretary of the CPC Guangzhou Municipal Committee Guo Yonghang at Government House today to discuss deepening Hong Kong’s co-operation with Guangzhou.

    Welcoming Mr Guo and his delegation to Hong Kong, Mr Lee outlined that Hong Kong and Guangzhou are both core cities of the Greater Bay Area and have maintained co-operation in various sectors over the years.

    Mr Lee also highlighted that the 15th National Games, due to be held later this year, will be co-hosted by Guangdong, Hong Kong and Macau, adding that this will be the first time the GBA has hosted the country’s most significant multisport games.

    He said the Hong Kong Special Administrative Region Government will dedicate its fullest efforts to co-hosting a successful National Games, adhering to the “simple, safe and wonderful” principle.

    The Chief Executive remarked that in the Global Innovation Index 2024, the Shenzhen-Hong Kong-Guangzhou science and technology cluster was ranked second globally for a fifth consecutive year, adding that this demonstrates that the three places are embracing the potential of innovation and technology (I&T) development and establishing the GBA as a global leader in I&T.

    Mr Lee also mentioned that the Hong Kong University of Science & Technology (Guangzhou), established in Nansha, welcomed its first cohort of undergraduate students in the 2023/24 academic year. He said the university is cultivating talent in such areas as artificial intelligence and data science, and will foster the joint creation of a major I&T platform spanning Hong Kong and Guangzhou, thereby contributing to the establishment of China as a strong country in science and technology.

    Stressing that Hong Kong will continue to promote the integrated development of the GBA, Mr Lee said the city will seek to leverage complementary advantages with Guangzhou and foster high-level collaboration with it to promote high-quality development in the bay area, thereby contributing to the country’s reform, opening up and rejuvenation.

    MIL OSI Asia Pacific News

  • MIL-OSI: Gravity Reports Preliminary Unaudited 4Q 2024 Results and Business Updates

    Source: GlobeNewswire (MIL-OSI)

    Seoul, South Korea, Feb. 14, 2025 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the fourth quarter ended December 31, 2024, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

    PRELIMINARY UNAUDITED FOURTH QUARTER 2024 FINANCIAL RESULTS

    Tentative consolidated revenue for the fourth quarter of 2024 is KRW 130 billion, and tentative consolidated operating profit is KRW 16 billion.

    The preliminary fourth quarter of 2024 result is mainly attributed by increased revenues from THE RAGNAROK launched in Southeast Asia on October 31, 2024, Ragnarok: Rebirth launched in Taiwan, Hong Kong and Macau on October 31, 2024, and Ragnarok X: Next Generation launched in Japan on November 20, 2024. Tentative consolidated revenue for the fourth quarter of 2024 represented a 1.3% increase in QoQ and a 10.7% decrease in YoY.

    Unaudited preliminary consolidated revenue for 2024 is KRW 501 billion, and the operating profit is KRW 85 billion.

    The preliminary 2024 figures are unaudited and subject to revision. Final result for the fourth quarter and year ended December 31, 2024 will be provided by our annual report for the fiscal year ended December 31, 2024 on Form 20-F.

    Liquidity

    The balance of cash and cash equivalents and short-term financial instruments was KRW 553,202 million as of December 31, 2024.

    GRAVITY BUSINESS UPDATES

    Two Ragnarok IP-based Games Received ISBN Codes in China

    Ragnarok: Back to Glory (Ragnarok: Rebirth, Chinese title: 仙境传说:重生) and PROJECT ABYSS (Chinese title:  仙境传说:初心) have received ISBN codes from the Chinese government on December 24, 2024 and January 21, 2025, respectively.

    Ragnarok Online IP-based Games

    • THE RAGNAROK, an MMORPG Mobile and PC game

    THE RAGNAROK was officially launched in Southeast Asia on October 31, 2024.

    • Ragnarok in Wonderland, a Casual Healing Tycoon Mobile game

    Ragnarok in Wonderland was officially launched in Korea on December 4, 2024.

    • Ragnarok Classic, an MMORPG PC game

    Ragnarok Classic was officially launched in Indonesia on December 5, 2024.

    • Ragnarok Begins (Chinese Title: RO 仙境傳說:一定要可愛), an Action Side-Scrolling MMORPG Mobile and PC game

    Ragnarok Begins (Chinese Title: RO 仙境傳說:一定要可愛) was officially launched in Taiwan, Hong Kong and Macau on February 13, 2025.

    • Ragnarok M: Classic, an MMORPG Mobile game

    Ragnarok M: Classic, a renewal version of Ragnarok M: Eternal Love, is officially launched in Southeast Asia on February 14, 2025, and is underway for its launch in Taiwan, Hong Kong and Macau in the first half of 2025.

    • Ragnarok 3, an MMORPG Mobile and PC game

    Ragnarok 3, the new sequel game of Ragnarok Online, is being prepared to be launched in Global within 2026.

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

    Ragnarok X: Next Generation was officially launched in Japan on November 20, 2024 with preparations underway for its launch in North, Central, and South America and Europe in the first half of 2025.

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

    Ragnarok V: Returns will be officially launched in all nations of Southeast Asia in March 2025.

    • Ragnarok M: Eternal Love 2, an MMORPG Mobile and PC Game

    Ragnarok M: Eternal Love 2, the next generation new sequel game of Ragnarok M: Eternal Love, is on development.

    • Ragnarok Crush, a Puzzle and Tower Defense Mobile game

    Ragnarok Crush will be launching in Global except for China and Japan in the third quarter of 2025.

    • Ragnarok: Back to Glory (Ragnarok: Rebirth), an MMORPG Mobile game

    Ragnarok: Back to Glory (Ragnarok: Rebirth) will be re-launched in Southeast Asia and launched in Korea, in the second quarter of 2025.

    • Ragnarok Idle Adventure Plus, an MMORPG Mobile game

    Ragnarok Idle Adventure Plus is underway for its launch in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan in February 2025 and in Taiwan, Hong Kong and Macau in the first half of 2025.

    • Ragnarok Promised Adventure (tentative English title), an MMORPG Mobile game

    Ragnarok Promised Adventure (tentative English title) is scheduled to be launched within 2025.

    • Ragnarok Online, an MMORPG PC game

    Ragnarok Online is scheduled to be direct-serviced in Latin America in the second quarter of 2025.

    • Ragnarok Landverse, an MMORPG Blockchain and PC game

    Ragnarok Landverse Genesis, a global new server onboarding in RONIN platform, will be released in Global in March, 2025.
    Ragnarok Landverse will be launched in Vietnam in the first half of 2025 and in Latin America in the second half of 2025. Ragnarok Landverse launching in Vietnam is a PC game without Blockchain.

    Other IP-based games

    • TOKYO PSYCHODEMIC, a 2D Cinematic Profiling Adventure PC and Console game

    TOKYO PSYCHODEMIC was officially launched in Global on November 28, 2024.

    • KAMiBAKO, a World Craft RPG PC and Console game

    KAMiBAKO was officially launched in Global on January 30, 2025.

    • Heroes Gambit, a Strategic Card Battle Mobile game

    Heroes Gambit will be launched in Global in the first half of 2025.

    • Scorp Hero, a Character Collecting RPG Mobile game

    Scorp Hero is underway for its launch in Japan within 2025.

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

    Snow Brothers 2 Special will be launched in Global in April 2025.

    • Gunbound an MMO Turn-Based Artillery PC game

    Gunbound will be launched in Southeast Asia and Latin America in the first half of 2025.

    • Dragonica New Origin, an MMORPG PC game

    Dragonica New Origin will be launched in Southeast Asia in May 2025.

    Expansion of Other IP business

    Gravtiy Co., Ltd. has signed a publishing agreement of Nobunaga’s Ambition: The Road to the World (tentative English title), a simulation mobile game based on Nobunaga‘s IP, in Japan with Kingnet Technology (HK) Limited.

    Investor Presentation

    Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the fourth quarter in 2024 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

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

    Forward-Looking Statements:

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

    Contact:

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

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

    The MIL Network

  • MIL-OSI Economics: Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Source: GlobalData

    Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Posted in Strategic Intelligence

    The global ecommerce market is on a trajectory of rapid expansion, set to reach $11 trillion in 2028, driven by technological advancements, seamless delivery services, and rising internet penetration. With China and the US dominating the landscape, companies must continuously innovate to meet evolving consumer expectations, embrace ESG compliance, and leverage data-driven strategies to maintain competitiveness in an increasingly dynamic sector, says GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Ecommerce,” reveals that the global value of transactions for the ecommerce market  is set to grow at a compound annual growth rate (CAGR) of 11.1% between 2023 and 2028, driven by improved technology and delivery services and wider internet adoption.

    Aisha U-K Umaru, Strategic Intelligence Analyst at GlobalData, comments: “The global ecommerce industry is dominated by China and the US, with market shares in 2023 of 33% and 30%, respectively. These countries are home to some of the world’s biggest tech companies, including Alibaba and Amazon, which benefit from the huge troves of data generated by user activity on their platforms.”

    Subscription-based services are a growing ecommerce segment. Beauty brands like Estrid and Harry’s started with subscription services and have enjoyed great success. Both are now available in physical stores, further boosting sales. Harry’s filed for an IPO in March 2024 after reaching nearly $1 billion in revenue. However, some subscription services have struggled after a rapid rise. Once valued at almost $2 billion, meal-kit subscription service Blue Apron was bought for about $100 million by food delivery company Wonder in 2023.

    Umaru continues: “Consumers are also concerned with the social and governance factors of ESG. As a result, it remains high on the agenda for ecommerce companies, both to comply with relevant regulations and to meet consumer demands. ESG regulations such as the EU taxonomy for sustainable activities are also a method of clamping down on greenwashing, the practice of inflating a company’s ESG performance for marketing purposes.”

    Other terms such as carbon neutral, green, and environmentally friendly are being regulated, and ecommerce companies must ensure they comply with relevant guidelines to mitigate the risk of litigation.

    Umaru conlcudes: “Initiatives like the Fifteen Percent Pledge, which urges US retailers to allocate at least 15% of their shelf space to Black-owned businesses, highlight the increasing emphasis on social equity within the ecommerce sector. Additionally, issues such as supply chain transparency and diversity remain critical, as brands strive to align with the evolving ESG priorities of Gen Z and Millennial consumers.”

    MIL OSI Economics

  • MIL-OSI Economics: APAC deal activity down by 10.2% YoY in January 2025, says GlobalData

    Source: GlobalData

    The total number of deals announced in the Asia-Pacific (APAC) region fell by 10.2% year-on-year (YoY) in January 2025, with a decline in volume experienced across all the deal types under coverage (comprising mergers & acquisitions (M&A), private equity and venture financing deals), according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database revealed that the total number of deals announced in the APAC region decreased from 1,189 in January 2024 to 1,068 in January 2025. When looking at the breakdown by deal type, the number of M&A deals decreased by 7.8% during January 2025 compared to the same period in the previous year, whereas the volumes of private equity and venture financing deals were down by 4.8% and 12.3% YoY, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “When looking at the breakdown by key markets, there was a notable variation in deal volumes. Countries like China, South Korea and Australia saw significant decreases in deal volume, whereas there were also some bright spots in certain key markets like India and Japan, which saw improvement in deal activity during this period.”

    China, the largest market in the region by number of deals, saw a significant decline of 30.4% in deal volume in January 2025 compared to January 2024. South Korea and Australia also experienced notable decreases in deal volume, with respective YoY declines of 28.3% and 17.3%. On the other hand, countries like India and Japan saw their respective deal volume improving by 27.3% and 35% YoY during January 2025.

    Bose adds: “The mixed trend across different APAC markets underscores the diverse nature of deal-making activity in the region. The overall decline could be reflective of broader economic challenges and uncertainties in the region. However, the growth in certain key markets like India and Japan indicates pockets of opportunities as well.”

    MIL OSI Economics

  • MIL-OSI Russia: Implementing sustainable development principles attracts more investment

    Translartion. Region: Russians Fedetion –

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

    Economists from HSE and RUDN University have analyzed the problems associated with the digital transformation of companies. The introduction of digital solutions into the work of companies reduces the number of patents in the field of green technologies by 4% and creates additional financial difficulties. However, if a company pays attention to sustainable development and increases its environmental, social and governance (ESG) rating, the negative effects are reduced. Moreover, with a high ESG rating, digitalization can even increase the number of patents by 2%. Articlepublishedin the leading international journal Sustainability.

    Digital transformation gives businesses new tools to improve efficiency and competitiveness. Companies use new technologies to collect data, work with customers, and analyze. However, this is costly and increases energy consumption, which diverts resources from environmental initiatives. As a result, companies are faced with ambiguous manifestations of the “double transformation” effect and a necessary choice: to invest in digitalization or to develop green technologies. This problem is especially acute among Chinese companies. China, one of the largest energy consumers, faces serious environmental problems. Therefore, companies have to combine the goals of digital modernization and sustainable development.

    The economies of Russia and China are similar, and the experience and strategies used by Chinese companies can be applied to Russian practice. Employees Schools of Finance Faculty of Economic Sciences, National Research University Higher School of Economics Irina Ivashkovskaya and Wu Yanfei with colleagues from Department of Applied Economics HSE and RUDN University studied how Chinese business is responding to this challenge. They analyzed data from 1,443 companies listed on the Shanghai Stock Exchange for the period from 2013 to 2022.

    For each company, the level of digitalization, sustainability indicators, financial constraints and their impact on green innovation of the firms were determined. To determine the level of digital transformation, the researchers analyzed the frequency of repetition of more than 70 keywords-markers related to digital innovation in the companies’ annual reports. Then, the relationship between two transformation processes – the level of digitalization and innovation in technologies, expressed by the number of patents in the field of green technologies – was examined.

    The results showed that increasing the level of digitalization reduces the number of green patents by 4%. This is due to competition for financial resources between digital and environmental projects. Financial constraints also increase: it is more difficult for firms to attract investment. However, increasing the ESG rating weakened this effect, increasing the number of patents by 2-3% on average. Companies with a high ESG profile were better able to cope with challenges related to financing and internal resource allocation.

    To obtain a more visual result, the authors also divided the companies into two groups: with a high and low degree of digital transformation. If the business was not engaged in sustainable development and its ESG rating was low, an increase in investment in digitalization reduced the number of patents on green innovations by 12%. However, if the company’s rating was high, this transition, on the contrary, increased investment in green technologies by 6%. The study shows that the dependencies between digital and ESG transformation work differently in companies with state participation and in private ones. In both groups, digitalization creates the effect of financial constraints. However, in companies with state ownership, the mitigating effect of the ESG profile on the results of green innovation does not work.

    The authors note that companies should strategically balance internal resources and not sacrifice other areas for the sake of accelerating digitalization. And regular disclosure of ESG indicators will increase transparency and attract additional funding.

    “Despite the fact that the study was conducted on data from Chinese companies, its results are also relevant for Russia. Our country has a similar type of economy, among large public companies resource and energy-consuming firms dominate, a significant number of companies are partially owned by the state,” commented Irina Ivashkovskaya, head of the School of Finance of the Faculty of Economic Sciences at the National Research University Higher School of Economics.

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

    MIL OSI Russia News

  • MIL-OSI: Aurora Mobile’s GPTBots.ai Launches Advanced Audio LLM Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Feb. 14, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise-grade AI platform, GPTBots.ai, has launched new Audio LLM capabilities, setting a new standard for real-time, voice-driven AI interactions. This update enables seamless voice-to-voice communication powered by OpenAI’s native audio multimodal LLM, eliminating the need for traditional ASR (Automatic Speech Recognition) and TTS (Text-to-Speech) processes. By significantly reducing latency, GPTBots delivers faster, more natural voice interactions in dozens of major languages, making it a versatile solution for industries heavily reliant on customer engagement and lead generation.

    Transforming Voice Interactions Across Industries

    The new Audio LLM capabilities are designed to address the growing demand for high-quality voice interactions in scenarios that prioritize customer service and lead acquisition. From retail and e-commerce to sales and support, GPTBots’ Audio LLM empowers businesses to deliver real-time, personalized voice experiences that enhance customer satisfaction and operational efficiency.

    In addition to enabling voice-to-voice communication, GPTBots has enhanced its Audio LLM by integrating it with its RAG (Retrieval-Augmented Generation) framework, workflow orchestration tools, and plugin ecosystem. These integrations allow audio messages to seamlessly interact with complex knowledge bases, execute intricate workflows, and call external plugins, enabling businesses to handle knowledge-intensive and dynamic scenarios with ease.

    Laying the Foundation for Voice-Driven AI SDR Solutions

    This Audio LLM update is a strategic step toward GPTBots’ vision of delivering a comprehensive AI SDR (Sales Development Representative) solution. By enabling real-time, voice-driven interactions, GPTBots is equipping businesses with the tools to revolutionize their sales processes. From lead qualification to personalized follow-ups, the enhanced Audio LLM functionality will play a pivotal role in automating and optimizing sales workflows, driving higher conversion rates and customer satisfaction.

    “Voice interactions are becoming a cornerstone of modern AI applications, and our Audio LLM capabilities are designed to meet the growing demand for real-time, intelligent, and natural communication,” said Jerry Yin, VP of GPTBots.ai. “This update not only enhances our platform’s multimodal capabilities but also lays the groundwork for future innovations in voice-driven customer engagement and sales automation.”

    DeepSeek: A Recent Addition to the GPTBots Platform

    While this update focuses on GPTBots’ advancements in audio-based AI, it follows the recent integration of DeepSeek, a trending large language model (LLM) known for its lightweight architecture and domain-specific optimizations. DeepSeek’s inclusion in the GPTBots platform has further enhanced its ability to deliver scalable and cost-effective AI solutions across industries, reinforcing GPTBots’ commitment to enterprise-grade AI innovation.

    Driving the Future of Multimodal AI

    With this launch, GPTBots continues to strengthen its position in voice-enabled AI solutions, offering businesses the tools they need to stay ahead in an increasingly competitive landscape. By combining cutting-edge technology with practical, scalable solutions, GPTBots is empowering enterprises to unlock the full potential of AI in customer engagement, sales, and beyond.

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen
    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    Email: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network

  • MIL-OSI: GPTBots.ai Launches Advanced Audio LLM Capabilities, Paving the Way for Comprehensive AI SDR Solutions

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 14, 2025 (GLOBE NEWSWIRE) — GPTBots.ai, a leading enterprise-grade AI platform, has announced the launch of its latest Audio LLM capabilities, setting a new standard for real-time, voice-driven AI interactions. This update enables seamless voice-to-voice communication powered by OpenAI’s native audio multimodal LLM, eliminating the need for traditional ASR (Automatic Speech Recognition) and TTS (Text-to-Speech) processes. By significantly reducing latency, GPTBots delivers faster, more natural voice interactions in dozens of major languages, making it a versatile solution for industries heavily reliant on customer engagement and lead generation.

    Transforming Voice Interactions Across Industries

    The new Audio LLM capabilities are designed to address the growing demand for high-quality voice interactions in scenarios that prioritize customer service and lead acquisition. From retail and e-commerce to sales and support, GPTBots’ Audio LLM empowers businesses to deliver real-time, personalized voice experiences that enhance customer satisfaction and operational efficiency.

    In addition to enabling voice-to-voice communication, GPTBots has enhanced its Audio LLM by integrating it with its RAG (Retrieval-Augmented Generation) framework, workflow orchestration tools, and plugin ecosystem. These integrations allow audio messages to seamlessly interact with complex knowledge bases, execute intricate workflows, and call external plugins, enabling businesses to handle knowledge-intensive and dynamic scenarios with ease.

    Laying the Foundation for Voice-Driven AI SDR Solutions

    This Audio LLM update is a strategic step toward GPTBots’ vision of delivering a comprehensive AI SDR (Sales Development Representative) solution. By enabling real-time, voice-driven interactions, GPTBots is equipping businesses with the tools to revolutionize their sales processes. From lead qualification to personalized follow-ups, the enhanced Audio LLM functionality will play a pivotal role in automating and optimizing sales workflows, driving higher conversion rates and customer satisfaction.

    “Voice interactions are becoming a cornerstone of modern AI applications, and our Audio LLM capabilities are designed to meet the growing demand for real-time, intelligent, and natural communication,” said Jerry Yin, VP of GPTBots.ai. “This update not only enhances our platform’s multimodal capabilities but also lays the groundwork for future innovations in voice-driven customer engagement and sales automation.”

    DeepSeek: A Recent Addition to the GPTBots Platform

    While this update focuses on GPTBots’ advancements in audio-based AI, it follows the recent integration of DeepSeek, a trending large language model (LLM) known for its lightweight architecture and domain-specific optimizations. DeepSeek’s inclusion in the GPTBots platform has further enhanced its ability to deliver scalable and cost-effective AI solutions across industries, reinforcing GPTBots’ commitment to enterprise-grade AI innovation.

    Driving the Future of Multimodal AI

    With this launch, GPTBots continues to strengthen its position in voice-enabled AI solutions, offering businesses the tools they need to stay ahead in an increasingly competitive landscape. By combining cutting-edge technology with practical, scalable solutions, GPTBots is empowering enterprises to unlock the full potential of AI in customer engagement, sales, and beyond.

    About GPTBots

    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, visit www.gptbots.ai.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network

  • MIL-OSI China: Announcement on Open Market Operations No.30 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.30 [2025]

    (Open Market Operations Office, February 14, 2025)

    The People’s Bank of China (PBOC) issued the second and third batches of central bank bills in 2025 on the Central Moneymarkets Unit (CMU) bond tendering platform of the Hong Kong Monetary Authority (HKMA) through interest rate bidding on February 14, 2025 (Friday).

    Issue

    Volume

    Maturity

    Rate

    The Second Batch of Central Bank Bills (2025) (Hong Kong)

    RMB40 billion

    3 months

    (91 days)

    2.60%

    The Third Batch of Central Bank Bills (2025) (Hong Kong)

    RMB20 billion

    1 year

    2.32%

    Date of last update Nov. 29 2018

    2025年02月14日

    MIL OSI China News

  • MIL-OSI China: China never engages in aggression or expansion and will firmly counter all threats and challenges: Defense Spokesperson 2025-02-14 “As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang.

    Source: People’s Republic of China – Ministry of National Defense 2

      BEIJING, Feb. 14 — “As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang at a press briefing on Friday.

      It is reported that after being sworn  in as the new US Secretary of Defense, Pete Hegseth made clear that the US would restore the warrior ethos and work with allies and partners to deter aggression in the Asia-Pacific by China.

      When being asked to share comment, the defense spokesperson first expressed firm opposition to the groundless accusation made by the US side, adding that China pursues a national defense policy that is defensive in nature and a military strategy of active defense. The Chinese military has always been a staunch force in safeguarding world peace. As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges.

      The spokesperson went on to emphasize that major country competition should not be the underlying logic of the times. Instead, a steady, sound and sustained China-US diplomatic and defense relationship will serve the common interests of the two countries and meet the general expectation of the international community.

      “Standing at a new starting point, we hope the US will work with China on the principles of mutual respect, peaceful coexistence and win-win cooperation, to deepen state-to-state and military-to-military exchanges and cooperation, so as to inject more certainty and positive energy into the world”, said the spokesperson.

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    MIL OSI China News

  • MIL-OSI China: Beijing announces district plans to boost development

    Source: China State Council Information Office 2

    Beijing has outlined new development plans for its five districts – Shunyi, Daxing, Yizhuang, Changping, and Fangshan – to promote Beijing-Tianjin-Hebei regional cooperation and integrated growth, the Beijing Municipal Commission of Development and Reform announced on Thursday. 
    The plans focus on developing industrial parks, enhancing talent services, improving transportation, education, and healthcare infrastructure, and fostering urban vitality, according to Yang Xiuling, director of the municipal commission. 
    These areas will adopt innovative resource allocation strategies to achieve distinctive and fast development. For example, Shunyi will center its economic development on the Daxing airport, Changping will take advantage of its strengths in technology and education, and Fangshan will focus on smart manufacturing industries. 
    According to the plan, urban and rural planned construction land in these five districts will account for about 40% of Beijing’s total, offering vast potential due to their proximity to Hebei and Tianjin. 
    This year marks the 10th anniversary of the Beijing-Tianjin-Hebei integrated development initiative.

    MIL OSI China News

  • MIL-OSI Asia-Pac: President Lai holds press conference following high-level national security meeting

    Source: Republic of China Taiwan

    Details
    2025-01-01
    President Lai delivers 2025 New Year’s Address
    On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Taiwan Global Pathfinders Initiative is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.

    Details
    2025-01-01
    President Lai delivers 2024 National Day Address
    President Lai Ching-te on the morning of October 10 attended the ROC’s 113th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “Taiwan Together for Our Shared Dream.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Prime Minister of Tuvalu Feleti Teo and Madame Tausaga Teo, heads of delegations from diplomatic allies and friendly nations, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today, we gather together to celebrate the birthday of the Republic of China, praise the beautiful Taiwan of today, and usher in the better Taiwan for tomorrow. One hundred and thirteen years ago, a group of people full of ideals and aspirations rose in revolt and overthrew the imperial regime. Their dream was to establish a democratic republic of the people, to be governed by the people and for the people. Their ideal was to create a nation of freedom, equality, and benevolence. However, the dream of democracy was engulfed in the raging flames of war. The ideal of freedom had for long eroded under authoritarian rule. But we will never forget the Battle of Guningtou 75 years ago, or the August 23 Artillery Battle 66 years ago. Though we arrived on this land at different times and belonged to different communities, we defended Taiwan, Penghu, Kinmen, and Matsu. We defended the Republic of China. We will never forget the Kaohsiung Incident 45 years ago, or wave after wave of democracy movements. Again and again, people who carried the dream of democracy and the ideal of freedom, through valiant sacrifice and devotion, gave their lives to open the door to democracy. Over more than a century, the people’s desire to master their own destiny has finally been fulfilled. My fellow citizens, though the Republic of China was driven out of the international community, the people of Taiwan have never exiled themselves. On this land, the people of Taiwan toil and labor, but when our friends face natural disasters or an unprecedented pandemic, we do not hesitate to extend a helping hand. “Taiwan Can Help” is not just a slogan. It is a movement by the people of Taiwan to cherish peace and do good for others. In the past, our people, going out into the world equipped with only a briefcase, sparked Taiwan’s economic achievements. Now, Taiwan’s chip technology drives the whole world, and has become a global force for prosperity and development. The people of Taiwan are diverse, and they are fearless. Our own Nymphia Wind is a queen on the world stage. The people of Taiwan are truly courageous. Lin Yu-ting (林郁婷), a daughter of Taiwan, is a queen of the boxing world. At 17 years old, Taiwan’s own Tsai Yun-rong (蔡昀融) put steady hands to work and won first place for woodwork in a global skills competition. Chen Sz-yuan (陳思源), at 20, took first for refrigeration and air conditioning, using the skills passed down by his father. A new generation of “Made in Taiwan” youth is putting a new shine on an old label. I want to thank generation after generation of fellow citizens for coming together and staying together through thick and thin. The Republic of China has already put down roots in Taiwan, Penghu, Kinmen, and Matsu. And the Republic of China and the People’s Republic of China are not subordinate to each other. On this land, democracy and freedom are growing and thriving. The People’s Republic of China has no right to represent Taiwan. The 23 million people of Taiwan, now more than ever, must reach out our branches to embrace the future. My fellow citizens, we have overcome challenge after challenge. All along, the Republic of China has shown steadfast resolve; and all along, the people of Taiwan have shown unwavering tenacity. We fully understand that our views are not all the same, but we have always been willing to accept one another. We fully understand that we have differences in opinion, but we have always been willing to keep moving forward hand in hand. This is how the Republic of China Taiwan became what it is today. As president, my mission is to ensure that our nation endures and progresses, and to unite the 23 million people of Taiwan. I will also uphold the commitment to resist annexation or encroachment upon our sovereignty. It is also my mission to safeguard the lives and property of the public, firmly carry out our Four Pillars of Peace action plan, strengthen national defense, stand side by side with democratic countries, jointly demonstrate the strength of deterrence, and ensure peace through strength, so that all generations can lead good lives. All the more, my mission is to care for the lives and livelihoods of the 23 million people of Taiwan, actively develop our economy, and expand investment in social care. I must also ensure that the fruits of our economic growth can be enjoyed by all our people. However, Taiwan faces relentless challenges, and the world’s challenges are just as much our own. The world must achieve sustainable development as we grapple with global climate change. Sudden outbreaks of infectious diseases impact human lives and health around the globe. And expanding authoritarianism is posing a host of challenges to the rules-based international order, threatening our hard-won free and democratic way of life. For these reasons, I have established three committees at the Presidential Office: the National Climate Change Committee, the Healthy Taiwan Promotion Committee, and the Whole-of-Society Defense Resilience Committee. These committees are interrelated, and they are closely connected by the theme of national resilience. We intend to build up a more resilient Taiwan, proactively deal with challenges, and bring Taiwan into deeper cooperation with the international community. We must strengthen Taiwan’s ability to adapt to the risks associated with extreme weather, continue promoting our second energy transition, and ensure a stable power supply. We must steadily advance toward our goal of net-zero transition by 2050 through the development of more forms of green energy, deep energy saving, and advanced energy storage. In terms of health, we must effectively fight the spread of global infectious diseases, and raise the population’s average life expectancy while reducing time spent living with illness or disability. We must achieve health equality so that people are healthy, the nation is stronger, and so that the world embraces Taiwan. Finally, we must strengthen resilience throughout Taiwan in national defense, economic livelihoods, disaster prevention, and democracy. As the people of Taiwan become more united, our nation grows more stable. As our society becomes better prepared, our nation grows more secure, and there is also greater peace and stability in the Taiwan Strait. Taiwan is resolved in our commitment to upholding peace and stability in the Taiwan Strait and achieving global security and prosperity. We are willing to work with China on addressing climate change, combatting infectious diseases, and maintaining regional security to pursue peace and mutual prosperity for the well-being of the people on the two sides of the Taiwan Strait. For a long time now, countries around the world have supported China, invested in China, and assisted China in joining the World Trade Organization, thereby promoting China’s economic development and enhancing its national strength. This was done out of the hope that China would join the rest of the world in making global contributions, that internally it would place importance on the livelihoods of the people, and that externally it would maintain peace. As we stand here today, international tensions are on the rise, and each day countless innocents are suffering injuries or losing their lives in conflict. We hope that China will live up to the expectations of the international community, that it will apply its influence and work with other countries toward ending Russia’s invasion of Ukraine and conflicts in the Middle East. And we hope that it will take up its international responsibilities and, along with Taiwan, contribute to the peace, security, and prosperity of the region and the globe. In an era when the international landscape is becoming increasingly chaotic, Taiwan will become more calm, more confident, and stronger; it will become a force for regional peace, stability, and prosperity. I believe that a stronger democratic Taiwan is not only the ideal of our 23 million people, but also the expectation of the international community. We will continue to make Taiwan stronger and promote cross-sector economic development. Taiwan’s economic strength is no “miracle”; it is the result of the joint efforts of all the people of Taiwan. We must strive for an innovative economy, a balanced Taiwan, and inclusive growth; we must stay on top of changes in global trends, and continue to remain a key player in supply chains for global democracies. Going forward, in addition to our 5+2 innovative industries plan and Six Core Strategic Industries policy, we will more vigorously develop Taiwan’s Five Trusted Industry Sectors, namely semiconductors, AI, military, security and surveillance, and next-generation communications, and help expand their global presence. We will also promote the transformation and development of medium, small, and micro enterprises and help them develop their international markets. My fellow citizens, we will continue working to achieve a Taiwan that is balanced across all its regions. In the central government’s proposed general budget plan for next year, general grants for local governments and general centrally funded tax revenues increased significantly, by NT$89.5 billion, reaching a total of NT$724.1 billion, a record high. And our budget for flood control will be raised by NT$15.9 billion from this year, bringing the total to NT$55.1 billion. This will help municipalities across the country in addressing the challenges of extreme weather.  We will also expedite improvements to the safety of our national road network and create a human-friendly transportation environment. Furthermore, we will improve our mass rapid transit network and connect the greater Taipei area comprising Taipei, New Taipei, Keelung, and Taoyuan. We will roll out the new Silicon Valley plan for Taoyuan, Hsinchu, and Miaoli to form a central technology cluster connecting the north with the south and launch the Smart Technology Southern Industrial Ecosystem Development Plan. We will accelerate promotion of safety in our eastern transportation network so that locals can go home on safer roads. We will also enhance basic infrastructure in the outlying island areas to raise the quality of life for locals and increase their capacity for tourism. My fellow citizens, we must all the more ensure the well-being of our people across the generations. To our young parents, we will continue to promote version 2.0 of our national childcare policy for ages 0–6. We are going even further by already increasing childcare subsidies, and we will also enhance the quality of preschool services. Children are the future of our country, and the government has the responsibility to help take care of them. To our young students, we will continue to provide free tuition for students of high schools and vocational high schools, and we will also continue to subsidize tuition for students of private junior colleges, colleges, and universities. And we are taking that a step further by establishing the Ten-Billion-Dollar Youth Overseas Dream Fund. Young people have dreams, and the government has the responsibility to help youth realize those dreams. To our young adults and those in the prime of life, next year, the minimum wage will once again be raised, and the number of rent-subsidized housing units will be increased. We will expand investment in society and provide more support across life, work, housing, and health, and support for the young and old. Raising a family is hard work, and the government has a responsibility to help lighten the load. To our senior citizens all around Taiwan, next year, Taiwan will become a “super-aged society.” In advance, we will launch our Long-term Care 3.0 Plan and gradually implement the 888 Program for the prevention and treatment of chronic diseases. We will also establish a NT$10 billion fund for new cancer drugs and advance the Healthy Taiwan Cultivation Plan. We will build a stronger social safety net and provide enhanced care for the disadvantaged. And we will bring mental health support to people of all ages, including the young and middle-aged, to truly achieve care for all people of all ages throughout the whole of our society. I am deeply aware that what everyone cares about the most is the pressure of high housing prices, and that what they most detest is rampant fraud. I give the people my promise that our administration will not shirk these issues; even if it offends certain groups, we will address them no matter the price. We will redouble our efforts to combat fraud and fight housing speculation. We will expand care for renters and strike a balance with the needs of people looking to change homes. We will walk together, continuing down the path toward achieving housing justice. We have with us today former President Chen Shui-bian, former President Tsai Ing-wen, and leaders from different political parties. I want to thank all of you for attending. Your presence represents the strength our nation has built up over generations, as well as the values and significance of Taiwan’s diverse democracy. Our nation must become more united, and our society must grow more stable. I also want to thank Legislative Yuan President Han and Premier Cho for recently initiating cooperation among the ruling and opposition parties to facilitate discussion among the ruling and opposition party caucuses. In democratic countries, political parties internally promote the nation’s progress through competition, and externally they unite to work toward achieving national interests. No matter our political party, no matter our political stances, national interests come before the interests of parties, and the interests of parties can never take precedence over the interests of the people. And this is precisely the spirit upheld by those who sacrificed, who gave everything they had, in order to establish the Republic of China. This is the lesson we take from our predecessors who, generation upon generation, overcame authoritarianism, and sacrificed and devoted themselves to the pursuit of democracy. That is precisely why, regardless of party affiliation or regardless of our differences, we are gathered here today. Regardless of what name we choose to call our nation – the Republic of China; Taiwan; or the Republic of China Taiwan – we must all share common convictions: Our determination to defend our national sovereignty remains unchanged. Our efforts to maintain the status quo of peace and stability in the Taiwan Strait remain unchanged. Our commitment to hoping for parity and dignity, and healthy and orderly dialogue and exchanges between the two sides of the strait remains unchanged. Our determination, from one generation to the next, to protect our free and democratic way of life remains unchanged. I believe this is the dream that Taiwan’s 23 million people all share; it is also the shared ideal that Taiwanese society and the international community hold. The stronger the commitment of the Taiwanese people, the greater the tenacity of democracy around the world. The greater the tenacity of the Taiwanese people, the stronger the commitment of democracy around the world. Let’s keep going, Republic of China! Let’s keep going, Taiwan! Regardless of our differences, let’s keep going forward! Thank you.

    Details
    2025-01-01
    President Lai’s remarks on legislative amendments
    On the morning of June 24, President Lai Ching-te delivered his remarks on recent legislative amendments. In remarks, President Lai emphasized opposition to an expansion of legislative power, not legislative reforms, and said that the legislature should naturally engage in reforms, but refrain from an excessive expansion of power, adding that any proposal for legislative reform should remain legal and constitutional. Particularly, the president said, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan, and more importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, the president stated that he will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. Emphasizing that the president’s role is as a guardian of democratic and constitutional governance, President Lai said that given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon him to perform his duties as president and take action. Today, he said, he has decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. Stating that this approach is responsible to our nation and to our history and actually reflects the expectations of the people, the president expressed his hope that all of our fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. A translation of President Lai’s remarks follows: One month ago, I was sworn in as president, taking an oath before the people to observe the Constitution and faithfully perform my duties. Therefore, following the legislature’s passing of amendments to the Law Governing the Legislative Yuan’s Power and to the Criminal Code, earlier this morning, I signed these amendments into law in accordance with the Constitution, and will promulgate the bills today. However, aside from the deliberative process over the amendments raising pronounced concerns from the public, the contents of the bills also risk compromising the constitutional principle of separation of powers, as well as that of checks and balances. A moment ago, Attorney Hong Wei-sheng (洪偉勝) explained our reasons for seeking to petition for a constitutional interpretation. I would like to share with our fellow citizens that it is the responsibility and mission of the president to safeguard our free and democratic constitutional system and protect the rights of the people. In a free and democratic constitutional system, core principles include separation of powers, checks and balances, and the protection of human rights. Separation of powers should be based on the Constitution, with the branches working independently while respecting one another. Regarding checks and balances, branches should function according to their institutional design to ensure constitutionally responsible government. Therefore, I must emphasize that we are opposing an expansion of legislative power, not legislative reforms. The legislature should naturally engage in reforms, but refrain from an excessive expansion of power. Any proposal for legislative reform should remain legal and constitutional. Particularly, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan. More importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, I will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. On the issue of the president giving an address on the state of the nation at the Legislative Yuan, there are already existing regulations in place in the Constitution and the Law Governing the Legislative Yuan’s Power. During legislative sessions, the legislature may invite the president to give a state of the nation address on national security and major policies. I have previously said that on the condition of legal and constitutional procedures, I am willing to deliver a state of the nation address at the Legislative Yuan. However, recent amendments passed by the legislature redefine the president’s address on the state of the nation as compulsory and require that the address be followed with an on-the-spot question and answer session, in an attempt to change the design of responsible government in the Constitution. This disrupts the institution of the Executive Yuan being responsible to the Legislative Yuan, leading to concerns about an overreaching expansion of the power originally bestowed to legislators by the Constitution. As president, I will not impose my personal opinions on the constitutional order; nor will I place my personal interests before national interests. As a physician, I deeply understand that any diagnosis should be made with care. When performing organ transplants, the physician must carefully evaluate and match various attributes, such as blood type, physical constitution, and other conditions. The same principles for treating illness hold true for governing a country. Institutional or legal transplants performed in the absence of careful evaluation or discussion could lead to negative outcomes for the nation’s constitutional governance and the protection of the people’s rights. We must address these issues seriously. Every law has far-reaching impact on our nation, our society, and the next generation. The president’s role is as a guardian of democratic and constitutional governance. Given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon me to perform my duties as president and take action. Today, I have decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. This approach is responsible to our nation and to our history and actually reflects the expectations of the people. The Constitution stands as the supreme legal basis of our nation, and the Constitutional Court is the highest judicial organ that works to maintain the constitutional order and protect the rights of citizens. As to the interpretation, ruling and opposition parties must respect and accept the results, no matter what they turn out to be. And we also hope that the public will be able to support the results. In the coming days, as this process of constitutional interpretation unfolds, there will be much discussion and debate among the public. I am confident that this will be a reaffirmation, by Taiwanese society, of our democratic and constitutional governance, and that it will make our democratic society even more mature. For democracy to be even more deeply entrenched, it needs defending, and it needs dialogue. And the historic moment to defend the constitutional structure of free democracy is now. I hope that all of my fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. Thank you. Also in attendance were Secretary-General to the President Pan Men-an (潘孟安), Deputy Secretary-General to the President Xavier Chang (張惇涵), and agent ad litem Attorney Hong.

    Details
    2025-01-01
    President Lai holds press conference to mark first month in office
    On the morning of June 19, President Lai Ching-te held a press conference marking his first month in office titled “Building Trust through Policy Initiatives: A New Taiwan for an Era of Innovation” to announce the establishment of three committees at the Presidential Office: the National Climate Change Committee, Whole-of-Society Defense Resilience Committee, and Healthy Taiwan Promotion Committee. In remarks, President Lai noted that the goal of the committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. President Lai said he believes that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger, emphasizing that as Taiwan embraces the world, the world also embraces Taiwan. He stated that we are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. A translation of President Lai’s remarks follows: As I am about to reach a full month in office as president, I am here today to announce the establishment of three committees at the Presidential Office. The goal of these committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. Taiwan occupies a strategic position on one of the world’s busiest shipping lanes; we play a crucial role on the frontline of the democratic world; our advanced supply chains hold the key to the next generation of technological development. The Taiwan of today is a Taiwan of the world. Anything that happens to Taiwan could send ripples through the entire globe. Therefore, Taiwan’s issues are international issues, and international issues are Taiwan’s issues. Today, climate change, social resilience, and the promotion of health are three major issues that receive international attention; they also create the largest impact on our citizens. In response to these challenges, as well as for further cooperation with other countries, I have decided to establish three committees at the Presidential Office, with myself as the convenor. These committees aim to consolidate forces from government and civil society, to provide effective solutions for our country and for the world. First of all, the impact of climate change and extreme weather events is definitely the largest challenge that humanity faces. In 2022, an annual report from the United Nations pointed out that without proactive measures, average surface temperatures could rise by 2.8 degrees Celsius before the end of the century. And in 2023, we already witnessed the hottest summer in recorded history. The UN has warned that the issue is not only global warming, but that we have rather already entered an era of global boiling. The World Meteorological Organization has also recorded that Asia is a region heavily struck by climate-related disasters. We must face the pressing problems of climate breakdown, and the nations of the world must work together. In response to global climate change, we must address these issues faster, stronger, and more proactively.  Whether it is neighboring Japan or Korea, or other advanced democracies such as the United States, many countries have established agencies to address climate change at the level of the president or prime minister, with the goal of adopting proactive measures. Therefore, I will establish a National Climate Change Committee, with Executive Yuan Vice President Cheng Li-chiun (鄭麗君), Academia Sinica President James C. Liao (廖俊智), and Pegatron Corporation Chairman Tung Tzu-hsien (童子賢) as deputy convenors. The committee will promote climate governance from a national perspective and further transnational cooperation. Taiwan must not only continue to promote energy transition, but also put into practice the twin green and digital transition, as well as a just transition. We aim to realize a net-zero pathway, build a sustainable green lifestyle and green finance, and enhance environmental resilience to foster a sustainable homeland. I must also emphasize that transition to net-zero emissions by 2050 is no longer just an idealistic proposal, but an inevitable future. This path is extremely challenging, so we must face reality and rally the entire nation to strive together. We need a more comprehensive strategy to guide businesses and the public, implementing changes in energy, industry, finance, and daily life. Secondly, in the face of severe disasters caused by earthquakes and climate change, Taiwan must accelerate its efforts to strengthen the resilience of our entire society. The world is watching how Taiwan can demonstrate strong resilience in defending itself and deter the ambitions that seek to disrupt regional peace and stability. Only when our entire society possesses a strong will for self-defense and an unwavering confidence in ourselves can Taiwan effectively respond to various disasters and risks and grow stronger. Just days ago, the G7 leaders issued a communiqué, reaffirming that “maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity.” This means that as the resilience of Taiwanese society is strengthened, Taiwan’s security is enhanced; and as Taiwan’s security is strengthened, we also enhance global security and prosperity. Therefore, I will establish the Whole-of-Society Defense Resilience Committee, with Vice President Bi-khim Hsiao, Secretary-General to the President Pan Men-an (潘孟安), and National Security Council (NSC) Secretary-General Joseph Wu (吳釗燮) serving as deputy conveners. By thinking ahead and being prepared, we aim to make Taiwan stronger and instill greater confidence in our people. In times of national emergency or natural disaster, both the government and society will be able to maintain normal operations. We need to expand the training and utilization of civilian forces, enhance material preparation and critical supply distribution systems, and strengthen energy and critical infrastructure security. We must improve social welfare and medical networks, as well as evacuation facilities, ensuring the safety of information, transportation, and financial networks. We need to conduct a comprehensive review and propose solutions to problems, strengthening our resilience in national defense, economic livelihoods, disaster prevention, and democracy. Our goal is to build a stronger and more robust democratic society where we not only safeguard national security, but also maintain regional peace and stability. Finally, I will establish the Healthy Taiwan Promotion Committee to address the challenges of the post-pandemic era. In recent years, major challenges threatening our citizens include antibiotic-resistant superbugs, transnational diseases of unknown origin, and cancer, which is the leading cause of death among the Taiwanese population. Our vision for creating a Healthy Taiwan is to enable people to live long and healthy lives. Dr. Chen Jyh-hong (陳志鴻), convener of the Healthy Taiwan Promotion Alliance, President Wong Chi-huey (翁啟惠) of the Institute for Biotechnology and Medicine Industry, and Minister without Portfolio Chen Shih-chung (陳時中) of the Executive Yuan will serve as deputy conveners for the Healthy Taiwan Promotion Committee. We aim to advance the Healthy Taiwan Cultivation Plan through a health charter. We will improve the employment environment to attract and retain talent. We will optimize the National Health Insurance system for sustainable operation. We are committed to promoting holistic healthcare models and accelerating the application of smart healthcare technologies. Furthermore, we will establish a NT$10 billion fund for new cancer drugs, fully advancing our national plan for cancer prevention and treatment. I have never forgotten my mission as a doctor. I hope to gradually build a Taiwan where the number of years that people live with illness or disability is reduced, and that spent in health is increased. In the future, we must take action to promote healthy living for all, enhance lifelong care, and align Taiwan with sustainable health development around the globe. We must also look toward international cooperation to foster global solidarity in the post-pandemic era. These three committees not only signify unity and collaboration within the current administration and across ministries, but also embody a spirit of interdepartmental, cross-disciplinary, and public-private sector cooperation. These three committees will convene quarterly meetings. We will establish efficient communication platforms to foster social consensus and actively translate our goals into action. By harnessing the strengths of industry, government, academia, research institutions, and civil society sectors, we can effectively address global issues, making Taiwan’s strategies a global solution. In today’s interconnected world, every step Taiwan takes forward is a step forward for the world. Taiwan has capability, technology, and experience to share with the global community. According to last year’s rankings from the Economist Intelligence Unit and this year’s report from the Centre for Asian Philanthropy and Society, Taiwan is recognized as the most democratic and charitable country in Asia. Our achievements in democracy and our actions as a force for good have received international recognition. I believe that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger. As Taiwan embraces the world, the world also embraces Taiwan. I also want to emphasize that addressing these global issues and challenges requires significant effort and long-term investment of resources to yield results. If we do not start taking action today, we will fall behind tomorrow. So, the time for action is now. Today, the government shoulders its responsibility and leads by example. We are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. Thank you. Also in attendance were Vice President Hsiao, Secretary-General Pan, NSC Secretary-General Wu, and Deputy Secretary-General to the President Xavier Chang (張惇涵).

    Details
    2025-01-01
    President Lai interviewed by Time magazine
    In a recent interview with Time magazine, President Lai Ching-te responded to questions regarding diplomacy, cross-strait relations, the semiconductor industry, and Taiwan’s domestic economic development. Following is the text of the questions and the president’s responses: Q: Thank you so much for sparing us the time today and congratulations on your election victory. How are you settling into the new job? I know you’ve just moved one level down from where you were previously, but I hope that your access to bubble tea has not been adversely impacted by the new job. President Lai: My interest in bubble tea has not changed. The transition into my new job has also been steady, having just moved from the fourth to the third floor. I had previously served as a legislator, premier, and was vice president for four years, so I have a clear understanding about national policies and the direction of former President Tsai Ing-wen’s past governance. So far, it has been very smooth. Thank you. Q: Obviously you’ve had four months now since your election victory to prepare for this role. How have you spent that time and what advice has [former] President Tsai given you about taking the most important job in Taiwan? President Lai: Over the past four months, the most important task was the transition process with former President Tsai. This included foreign affairs, national defense, cross-strait affairs, and key domestic issues. Some of this took place in meetings at the Presidential Office and some at military facilities and different government agencies. I also worked to assemble a cabinet, inviting Cho Jung-tai (卓榮泰) to be premier. Cheng Li-chiun (鄭麗君) was invited to serve as vice premier, and former National Development Council Minister Kung Ming-hsin (龔明鑫) as secretary-general of the Executive Yuan. Premier Cho has invited people based on talent across political affiliations to form the cabinet. So far, the public response has been positive. As for advice and encouragement from former President Tsai, she emphasized to me that the president’s job is to safeguard the country and uphold the constitutional system of freedom and democracy. Second, we must listen to public opinion and take care of the people. Third, faced with difficult challenges, we should collectively discuss a course of action forward. This way there will be less headwind. Q: Speaking of headwinds, it was just 48 hours after your election victory that Beijing announced that one of Taiwan’s diplomatic allies, Nauru, was now going to switch recognition to Beijing. This seems to be quite a clear signal to you before you’d even stepped into office or made any policy decisions or anything. How concerned are you by Taiwan’s dwindling recognition on the world stage? President Lai: We cooperate with our diplomatic allies in a sincere way, holding to the principles of mutual benefit and reciprocity. We cherish our friendships with our diplomatic allies and thank them for voicing support for Taiwan in the international community, as well as creating greater international space for us. We also greatly value the cooperation projects we have with our diplomatic allies because these help the people of both countries. Taiwan has always held firm to these principles, regardless of which political party is in power. In the case that our diplomatic allies decide to switch allegiances to the People’s Republic of China (PRC), while we wish them well, such harmful actions by the PRC will not affect Taiwan’s status as a beacon of freedom and a bastion of democracy in the world. So, [on this issue of recognition], we are not deeply worried. Q: You chose and invited Bi-khim Hsiao to be your vice president and she left Washington, DC, where she was serving as your de facto ambassador to the US. Does that signify that US-Taiwan relations are going to take on newfound importance for your administration? President Lai: During Vice President Hsiao’s term as ambassador to the United States, she performed exceedingly well. Taiwanese society has recognized her as amongst the very best within our ambassadors to the US. The international community, including the US, has also recognized her outstanding performance. Now as vice president, she can support the new administration in furthering trusted channels with the US, which will help advance our bilateral cooperation. With Bi-khim’s support, we will engage in more substantive cooperation on national security and defense, the economy, and other substantive exchanges. I trust that we will make much progress, as Bi-khim has been instrumental in bridging Taiwan together with the US. Q: In your inauguration speech, you called for resumption of cross-strait dialogue, trade, and educational exchanges but caveated that on dignity and equivalence. What exactly do you mean by dignity and equivalence with the PRC? President Lai: First, the PRC should recognize that the Republic of China (ROC) exists. They should be sincere in building exchanges and cooperation with the popularly elected and legitimate government of Taiwan. Second, each issue should be mutually beneficial and reciprocal. For example, if Taiwan allows tourists to go to China, they should allow tourists to visit Taiwan. And if we let our students go to China, their students should be allowed to come here. Third, as we conduct exchanges and cooperate with each other, we should share a common conviction to enhance the well-being of people on the two sides of the Taiwan Strait, working toward an objective of peace and mutual prosperity. Q: Also, in your speech, you said that the ROC and the PRC are not subservient to each other. That obviously provoked a reaction from Beijing. We saw the military drills but also some of your political opponents here have said that this undermines the strategic ambiguity which has been the bedrock of peace and stability. How do you counter that? Do you think that you were unnecessarily provocative in hindsight? President Lai: What I said was the truth. Moreover, I was not the first person to express this truth. My intention was not to provoke. During her 2021 National Day Address, former President Tsai said as part of her Four Commitments that the ROC and PRC should not be subordinate to each other. Former President Ma Ying-jeou had also once said the ROC is a sovereign and independent state and that neither side of the strait is subordinate to the other. Third, I stated this in accordance with Articles 2 and 3 of the ROC Constitution, given that in Taiwan we have had our own citizens, land, sovereignty, and government for decades. According to international law, we are already a sovereign and independent country. My goal is to bring the people of Taiwan together. Q: In April, US Secretary of State Antony Blinken traveled to Beijing and met with Xi Jinping. From diplomatic sources, he became quite animated when discussing the status of Taiwan and US support for Taiwan. Do you worry that President Xi is becoming emboldened and impatient about resolving the so-called Taiwan issue? President Lai: Peace and stability across the Taiwan Strait are indispensable elements of global peace and prosperity. In my inaugural address, I told the international community that I would uphold former President Tsai’s Four Commitments. We will neither yield nor provoke. We will maintain the status quo and fulfill our responsibilities. I also urge President Xi to understand that conflict in the Taiwan Strait and disruptions to peace and stability in the Indo-Pacific region will not be accepted by the international community. I invite President Xi to jointly shoulder with us the responsibility of maintaining peace and stability, building regional prosperity, and advancing world peace. Q: Since we last spoke, China’s economic problems continue to mount. Do you feel that this makes Taiwan more vulnerable, or is this an opportunity for further engagement for mutual benefit? President Lai: I have always believed that a stable China leads to a safer Taiwan. A prosperous Taiwan can also bring about progress in China. Therefore, I do not wish to see growing difficulties in China’s economy or its society become more unstable. Indeed, economic relations between Taiwan and China are the result of divisions of labor within global supply chains. In the past, China was the world’s factory as well as the world’s market. Many countries, including Taiwan, invested in manufacturing in China and sold products manufactured at home via China to the entire world. But today things have changed because China’s business environment has worsened. China has placed ever stricter controls on the free market. They have adopted a policy of placing state-owned businesses first, at the expense of the private sector. China’s intellectual property rights protection has also long fallen short of international expectations. In addition, China’s military expansionism in the East and South China Seas has impacted regional peace and stability. This is why capital investment from Taiwan and other countries is no longer heading to China at the pace it was in the past. Taiwanese companies have pulled out of China’s manufacturing sector en masse, favoring countries in the Indo-Pacific – including Japan – the US, and Europe. In 2010, investments in China accounted for 83.8 percent of Taiwan’s total foreign investment, meaning that for every NT$100, NT$83.8 was invested in China. During the same period of time, over half of Taiwan’s foreign trade was dependent on China. Parts and equipment produced in Taiwan were sent to China for assembly or used in the production of other goods, and then the finished products were sold internationally. Last year, investment in China accounted for only 11.4 percent of Taiwan’s total foreign investment, dropping from 83.8 percent. Taiwan’s foreign trade with China also fell from its previous high of over 50 percent, totaling 35.5 percent in 2023. Despite this, Taiwan’s economic growth rate has averaged 3.15 percent over the past eight years – ranking first among the Four Asian Tigers. During former President Tsai’s eight-year term, the stock market grew by 155.5 percent and its value increased 1.8-fold. When former President Tsai first assumed office, the stock market was a little over 8,000 points; it has now surpassed 20,000 points. In other words, even as China’s economy has continued to decline, Taiwan’s economy has continued to grow and has not been affected by China. Taiwan’s new government is willing to assist China and advance peace and prosperity across the Taiwan Strait. Q: Obviously Taiwan is central to global supply chains when it comes to semiconductors, producing 90 percent of the most advanced chips, but US export restrictions are preventing those chips from going to China. You mentioned that Taiwanese investment in China is plummeting. At the same time, Taiwan companies like TSMC are benefiting from billions of dollars from the US Chips Act. Do you fear that key players in Taiwan’s business industrial base moving closer to the US and being kept apart from China is increasing the risk of conflict? President Lai: In this era of smart technologies, semiconductors have become crucial industrial products. In the future, if all aspects of life – including food, clothing, housing, and transportation – are to be technologically advanced and intelligent, semiconductors will be indispensable. The industry runs on a global division of labor. From research and development, design, manufacturing, raw materials, and equipment, it is a worldwide industrial chain. Taiwan is involved in integrated circuit design, wafer manufacturing, and end-of-line packaging and testing, but raw materials are distributed across other countries. For example, components, equipment, and technology are sourced from the US, Japan, and the Netherlands. As we can see, this is an industry with a global division of labor. Although Taiwan has an advantage in the semiconductor industry, Taiwan also has a responsibility to promote global prosperity and development. Consequently, if semiconductor companies, including Taiwan Semiconductor Manufacturing Company (TSMC), decide to expand in the US, Japan, Europe, or other countries consistent with their own business interests, the government will respect their decisions. Geopolitical changes will continue to impact the distribution of semiconductor companies. Given that the restructuring of global supply chains is not specific to any single country, I do not believe that this will increase the risk of conflict. Q: Your only trip to China was in 2014 when you were serving as mayor of Tainan. I understand that you had some quite open and frank discussions with students in Shanghai about Taiwanese aspirations for independence. What did you learn from that interaction? President Lai: In 2014, I visited Shanghai because the Tainan City government organized a traveling art exhibition to commemorate the 120th anniversary of Chen Cheng-po’s (陳澄波) birth. During my interactions with the Shanghai municipal government and Fudan University, I made it clear that the two sides of the Taiwan Strait should seek common ground and set aside differences. Through exchanges and cooperation, we should promote mutual understanding, empathy, reconciliation, and peaceful development. Q: You won the election with over 40 percent of the vote, but the DPP lost control of the legislature, and so you need to work across the aisle with opposition parties to get your domestic agenda across. It’s not been a very harmonious time in the Legislative Yuan at the moment. We’ve seen brawls and a lot of sniping over the new bill to increase scrutiny of the executive branch. How confident are you that you can overcome these differences to have a constructive relationship with the opposition parties? President Lai: I remain fully confident about the future development of Taiwan. This is because of our democracy. After decades of collective effort, as well as the numerous sacrifices and contributions of many people, the vitality and values of democracy are deeply imbued within the Taiwanese people. These democratic values are an important foundation as I promote future national policy priorities. In my inaugural address, I mentioned that a divided legislature is the will of the people. This provides an opportunity for each party to share their ideas and jointly bear the responsibility of serving the nation. At the same time, if any one party does not live up to public expectations, I trust that people will respond accordingly so that the country can still move forward. In my address, I also pointed out that Taiwan will continue to move in the direction of democracy, peace, and prosperity, linking us with the international community. I will pursue policies that further entrench Taiwan’s democracy, maintain regional peace, and allow Taiwan to engage with the international community to enhance global prosperity and development. This roadmap will benefit both our country and its people. I do not think opposition parties will strongly oppose bills related to this roadmap. Q: Some of your DPP colleagues have pointed out that 17 KMT lawmakers went to China recently and met with Wang Huning, and they have openly accused the KMT of being a fifth column for the CCP in trying to disrupt your administration. Is that an opinion that you share? President Lai: In a democratic society, the interests of the people should take precedent; this is the principle of democracy at work. As a result, political parties should put national interests above their own – that is their sacred duty . As Taiwan faces different forms of pressure from China, everybody, regardless of party affiliation, should put the people first and prioritize national interests. They should not let themselves be influenced by any authoritarian country. Q: The CCP has refused to engage with your administration or the DPP. Is it beneficial for the KMT to have trips to China and engagements with China, whether it’s Ma Ying-jeou on an unofficial basis or KMT lawmakers? President Lai: The people of Taiwan and all political parties – regardless of affiliation – should recognize and respond to the fact that China’s ambition to annex Taiwan is part of their national policy. Only by coming together domestically and strengthening our global linkages can we maintain our sovereignty, freedom, and democratic way of life. By doing so, we will have the capacity and opportunity to determine our own future. No political party should sacrifice national sovereignty for political gain. Q: Following the devastating Hualien earthquake just a month ago, China offered to send aid to Taiwan but was rebuffed. You hadn’t taken office at that point. But do you feel that was the right decision? Do you think it could have been an opportunity to mend bridges across the strait? President Lai: Taiwan very much cherishes the expressions of concern and support we received from the global community. International assistance creates a positive feedback loop that helps us come together in times of need. This helps support global development and stability. With this being said, at the time, China had offered 100 prefabricated homes, which was not what the people affected by the Hualien earthquake required. When central Taiwan was struck by a major earthquake on September 21, 1999, the government had provided such homes to alleviate housing shortages at the time. However, over the past 20 or 30 years, Taiwan has accumulated greater experience and capacity for search and rescue and post-disaster reconstruction. We have moved past the period of requiring prefabricated housing. Today, if a home is made unsafe by an earthquake, a red notice will be attached to the structure. We will consequently provide financial support for both the property and its reconstruction. If people need to live in a hotel or guesthouse, stay with a relative, or rent a place to stay, these costs will also be subsidized until the home has been rebuilt. Therefore, we did not require prefabricated homes. People living in hotels or guesthouses also supported the tourism industry, which was affected by a large drop in visitors following the earthquake. Q: Some in the opposition want to restart negotiations for the cross-strait service trade agreement for close economic integration with China. Why do you oppose such a move?  President Lai: In short, the time for this has long passed. As I said, many Taiwanese businesses have left China. Looking ahead, we can see substantive differences opening up between Taiwan’s economy and China’s present economic structure. If the cross-strait service trade agreement were passed, Chinese business owners could come to Taiwan and set up shop with as little as NT$6 million dollars. And it is not just a matter of the owners – they could also bring employees over. This would greatly affect Taiwan’s local economy. Q: Beijing is aggressively courting the Global South to back its claim over Taiwan with 28 nations, according to recent reporting, firmly supporting China’s push for reunification. How important is it to win the argument over Taiwan’s right for autonomy amongst the international community, especially those of the Global South? President Lai: I hope that all countries will respect the choice of Taiwan’s people. The will of the people should not be subject to decisions made by a majority or show of hands [in international fora]. Neither should our people be threatened by violence or the threat of war. China is presently engaged in lawfare, which is affecting support for Taiwan internationally. While Taiwan will do its best to speak up for our own rights and interests, I hope that the international community will also continue to assist, understand, and support Taiwan. This is because if China’s attempts at lawfare were to succeed, this would affect Taiwan’s global backing, be it in times of peace or war. Q: Domestically in Taiwan, a lot of Taiwan people are struggling with a growing but slow economy, rising prices, and stagnated wages. What is your plan to try to help the average Taiwanese person? President Lai: I have been deeply focused on supporting the salaries and lives of our grassroots workers. I also prioritize reducing the gap between the rich and poor, as well as efforts to give our young people a brighter future. I will faithfully implement the Minimum Wage Act that was passed under former President Tsai. With this act, minimum wage increases will be based on how the GDP or prices increase. More importantly, we must help our industries upgrade and our economy transform. In my inaugural address, I said that economic development will take a threefold approach. First, we will have a clear view for a smart, sustainable future. In other words, we must use technology to address climate change and respond to the global era of smart technologies. We will have an innovative economy and create a new Taiwan that is both smart and sustainable. Second, we will expand the space industry, exploring the future by developing medium- and low-orbit communications satellites and drones. We will also use our strengths as a maritime nation to explore the ocean, helping related industries grow and develop in many directions. Third, we will help our enterprises expand their presence and markets internationally. We will improve Taiwan’s investment environment and take care of our small- and medium-sized enterprises while helping our industries in their global reach. This will grow Taiwan’s economy, leading to development and creating an environment conducive to higher wages. During my election campaign, I put forward a National Project of Hope. With this, we will invest more in our society, take better care of both young and elderly people, as well as all those who need care. We will close the wealth gap, while supporting the people’s welfare and the future of our young people. Q: President Lai, thank you. You’ve been very generous with your time. But just to end off, we spoke before how you grew up in Wanli in a poor family and your father died when you were very young. You worked very hard to become a doctor and your mother wasn’t very keen about you taking a diversion route into politics. Now you’ve reached the very top of the political ladder in Taiwan, do you think that your mother would be proud, that she would have forgiven you for defying her? President Lai: My mother was just an ordinary person and, like many mothers in Taiwan’s society at that time, worked hard, took care of her family, and hoped that her children would grow up safe and sound. What probably mattered most to my mother was that I was safe and healthy. It did not matter to her whether I became a politician or not, just as I had no expectation that one day I would sit here in the Presidential Office. In fact, when I was little, I hoped to become a doctor so as to take care of the sick, relieve suffering, and save lives. But during the process of Taiwan’s democratization, many young people devoted themselves to politics, including myself. I had no idea that I would continue down this path, much less be here today. My mother told me that if people support me, then I should run for election; if not, then I should continue as a doctor. In other words, my mother felt that I probably would not pursue politics for very long. We were from the countryside and did not come from a political family. However, I attribute my success to Taiwan’s democratization. If it were not for the sacrifices, contributions, and achievements of countless individuals up until now, I could not have been afforded the opportunity to sit here. My responsibility is to further deepen Taiwan’s democracy and enable hardworking people from all walks of life to realize their ideals and contribute to our country.

    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

  • MIL-OSI China: China denounces Australia’s provocative actions in South China Sea

    Source: China State Council Information Office 2

    A spokesperson for China’s Ministry of National Defense on Friday condemned Australia’s deliberate provocations in violating China’s sovereignty in the South China Sea.
    Zhang Xiaogang, the spokesperson, urged Australia to impose stricter controls on its military activities in the region, warning that such provocations could harm both Australia and regional stability.

    MIL OSI China News

  • MIL-OSI China: China’s GalaxySpace, Thailand’s True Corp partner on satellite internet

    Source: China State Council Information Office

    Chinese satellite internet firm GalaxySpace and True Corporation, Thailand’s leading telecom operator, signed a memorandum of understanding on Feb. 10, 2025, to deepen cooperation in satellite internet.

    The two companies will collaborate in areas that include low Earth orbit (LEO) satellite communication technology, space-ground integrated network solutions, and direct-to-handset satellite communication technology. They will jointly advance research and development, explore new satellite applications, and build digital infrastructure.

    Xu Ming, CEO of GalaxySpace (left), and Manat Manavutiveth, CEO of True Corporation, sign a memorandum of understanding in Thailand on Feb. 10, 2025. [Photo courtesy of GalaxySpace]

    True Corp CEO Manat Manavutiveth said he has high expectations for the collaboration.

    “LEO satellite internet represents a significant leap forward in global communications, which will drive transformative changes in Thailand and the world’s socioeconomic landscape,” he said.

    He added that True Corp is committed to upgrading Thailand’s digital telecommunications infrastructure. Manavutiveth said the partnership will enhance the coverage and robustness of its communication network, providing communication services to Thai businesses and benefiting the public.

    Xu Ming, CEO of GalaxySpace, expressed confidence in the collaboration, noting Thailand’s business environment and market potential and describing True Corp as an ideal partner. 

    He added that the cooperation would expand the applications of satellite internet in Thailand and the ASEAN region in the maritime, agriculture, education and connected vehicle sectors.

    Xu said commercial aerospace is driving global economic development through innovation, noting that GalaxySpace would work with its Thai partners to boost communication in ASEAN and globally.

    2025 marks the 50th anniversary of diplomatic relations between China and Thailand. The collaboration is an example of China’s commercial aerospace sector expanding globally to support the construction of the Belt and Road Initiative Space Information Corridor. The program aims to provide space information service capabilities to countries along the Belt and Road.

    GalaxySpace, which previously launched China’s first LEO broadband test constellation (nicknamed “little spider web”), became the first Chinese firm to deploy LEO broadband satellite internet overseas, completing network testing in Thailand in 2024. This set the stage for the current cooperation.

    In recent years, Chinese commercial aerospace firms have steadily expanded their presence in international markets. For instance, Beijing-based rocket manufacturer CAS Space, a subsidiary of the Chinese Academy of Sciences, launched Oman’s first intelligent remote sensing satellite on Nov. 11, 2024. The satellite was sent into orbit aboard a Lijian-1 Y5 carrier rocket as part of a mission that deployed 15 satellites.

    The launch marked the first time a Chinese commercial aerospace company provided launch services to an international client. The Omani satellite is equipped with AI computing payloads and an intelligent operating system, supporting applications such as land surveys and disaster monitoring.

    From confirmation to launch, the entire process took less than six months, demonstrating the capabilities of Chinese commercial rockets. The launch was also a notable example of aerospace cooperation under the Belt and Road Initiative.

    The Lijian-1 Y5 carrier rocket lifts off from the Dongfeng Commercial Aerospace Innovation Test Zone in Jiuquan city, northwest China’s Gansu province, Nov. 11, 2024. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: Announcement on Open Market Operations No.29 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.29 [2025]

    (Open Market Operations Office, February 14, 2025)

    In order to keep liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB98.5 billion through quantity bidding at a fixed interest rate on February 14, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB98.5 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年02月14日

    MIL OSI China News

  • MIL-OSI NGOs: Microplastics in your body: From your heart to your brain, and even your future kids

    Source: Greenpeace Statement –

    Close up of microplastics found on beach. © The 5 Gyres Institute

    Science is only beginning to understand the long-term effects of plastic on human health, yet the evidence so far is alarming. Microplastics—tiny plastic particles less than 5 millimeters in size—have been found everywhere, from the deepest oceans to the food we eat to the air we breathe. More concerningly, they’re now inside our bodies.

    Microplastics in human bodies:

    1. HEART:
    A study in Environmental Science and Technology found microplastics in the hearts of patients undergoing cardiac surgery—the first confirmed presence of these particles in human heart tissue.

    2. BRAIN:
    Research shows a rising trend of micro- and nanoplastics in brain tissue, with postmortem studies from 1997 to 2024 detecting their accumulation.

    3. LUNGS:
    Microplastics have been discovered deep in the lungs of living people. The most common particles were polypropylene (used in packaging and pipes) and PET (found in bottles).

    4. BLOOD:
    Scientists have detected microplastics in human blood, with nearly 80% of tested individuals carrying these particles. This shows that microplastics can travel through the bloodstream and potentially lodge in organs.

    5. SEMEN:
    Studies in China and Italy have found microplastics in human semen, raising concerns about potential reproductive harm.

    6. PLACENTA & BREASTMILK:
    Microplastics have been detected in the placentas of unborn babies and in breastmilk, suggesting exposure begins at the earliest stages of human development.


    Plastics contain over 16,000 chemicals, many untested and potentially toxic to human health. At least 4,200 of these are highly hazardous to both people and the planet. With microplastics already invading our bodies, we are constantly exposed to the threats of these harmful substances.

    This is a global crisis, and it needs a global solution. We must push for a strong Global Plastics Treaty that cuts plastic production and enables a just transition to reuse and refill systems. Protect the health of future generations. Sign the petition now.

    ###

    STRONG PLASTICS TREATY NOW!

    Help build a safer, plastic-free future

    SIGN THE PETITION

    MIL OSI NGO

  • MIL-OSI Security: Four Admit Selling Machine Gun Conversion Devices, Methamphetamine

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ST. LOUIS – Four people have admitted selling methamphetamine or multiple machine gun conversion devices to an undercover federal agent.

    Reginald Smith, 28, of Jennings, pleaded guilty Thursday in U.S. District Court in St. Louis to three counts of possession of one or more machine guns, one count of unlawfully dealing in firearms and one count of aiding and abetting the distribution of methamphetamine.

    Three others have also admitted their roles in the case. Delance Bland Jr., 20, pleaded guilty to one count of possession of one or more machine guns. Kevin Burrow, 26, of St. Louis, pleaded guilty to one count of possession with intent to distribute fentanyl and cocaine base, one count of conspiracy to distribute methamphetamine, one count of aiding and abetting the distribution of methamphetamine and two counts of distributing methamphetamine. Tamika Patterson, 45, of Jennings, pleaded guilty to one count of conspiracy to distribute methamphetamine and three counts of aiding and abetting the distribution of methamphetamine.

    After learning that Smith was selling machine gun conversion devices (MCDs) on Facebook, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Drug Enforcement Administration and the U.S. Postal Inspection Service began an investigation. MCDs, also known as switches or auto sears, convert a semi-automatic firearm into a fully automatic weapon.

    On Dec. 5, 2023, an undercover ATF agent bought a Glock pistol and two Glock switches from Smith in St. Louis. On December 11, Smith sold another pistol to the agent and introduced him to his mother, Patterson, who said she could sell him meth. On December 13, the agent and Patterson met with Burrow, Patterson’s source of meth, and the agent bought 55.5 grams of the drug. Smith sold the agent a stolen pistol. Smith claimed he and Bland were the main dealers of MCDs in St. Louis, and that they ordered them 10 at a time from China.

    The agent then purchased a total of 35 MCDs in a series of transactions.

    Smith is scheduled to be sentenced on May 15. The machine gun charge carries a penalty of up to 10 years in prison. The unlawful dealing of a firearm charge carries a penalty of up to five years. The aiding and abetting the distribution of meth carries a penalty of up to 20 years.

    Burrow is scheduled to be sentenced March 19, and Patterson’s sentencing is set for May 7. Bland was sentenced to 21 months in prison.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration and the U.S. Postal Inspection Service investigated the case.  Assistant U.S. Attorney Paul D’Agrosa is prosecuting the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI

  • MIL-OSI China: Honda, Nissan call off merger talks amid disagreements

    Source: China State Council Information Office 3

    This photo taken on Dec. 23, 2024 shows a Honda dealer in Tokyo, Japan. [Photo/Xinhua]

    Honda Motor Co. and Nissan Motor Co. on Thursday announced the decision to terminate discussions on a potential merger, bringing an end to the restructuring attempt that could have created one of the world’s largest automotive group.

    Both companies held board meetings on Thursday, where they agreed to withdraw the basic agreement signed in December 2024 and officially end merger discussions.

    In the rapidly changing market environment in the age of electrification, prioritizing decision-making speed and the execution of management measures would make it more appropriate to forgo the merger at this time, Nissan said in a statement on its website.

    Despite the end of merger talks, the companies will continue to collaborate within the framework of the strategic partnership memorandum, the two companies said in separate statements.

    This photo taken on Dec. 23, 2024 shows a Nissan dealer in Tokyo, Japan. [Photo/Xinhua]

    The two automakers initially focused on forming a holding company that would oversee both brands, but negotiations stalled over the shareholding structure as tensions escalated when Honda proposed making Nissan its subsidiary, an idea Nissan strongly opposed.

    According to local media, Honda has been pushing Nissan to accelerate its restructuring efforts. In November 2024, Nissan announced plans to cut 9,000 jobs worldwide and reduce its global production capacity by 20 percent after reporting a more than 90 percent drop in net profit for the April-September period.

    The integration, if materialized, was expected to enhance development capabilities for electric vehicles (EVs) and software while reducing costs through cooperation. However, with the negotiations terminated, both companies must now reassess their strategic direction.

    On Thursday, Nissan revised its financial outlook for the fiscal year, estimating a net loss of 80 billion yen (about 520 million U.S. dollars). The company cited rising costs for restructuring its struggling U.S. operations, along with expenses related to workforce reductions.

    Revenue projections were also lowered, while operating income, which indicates profit from core business, is expected to be 120 billion yen, 30 billion yen less than the previous forecast.

    At a press conference, Nissan’s CEO Makoto Uchida acknowledged the challenges of continuing as an independent entity but ultimately believed that a holding company structure, rather than full acquisition, would have been the best way for Nissan to compete globally.

    He also signaled Nissan’s intention to seek partnerships in various fields to ensure future sustainability.

    Honda’s CEO Toshihiro Mibe expressed deep regret that both companies could not reach a consensus and take a step forward toward the merger.

    However, through these discussions, Honda and Nissan recognized the potential synergy effects of collaboration, he noted. Honda stated that they would leverage this understanding in their ongoing strategic partnership with Mitsubishi Motors, which was announced in August last year.

    The focus moving forward will be on intelligent and electrified mobility solutions, with plans to put these ideas into practice, Honda stressed.

    Honda said Thursday that it booked a net profit of 805.26 billion yen in the nine months through December, down 7.4 percent from the previous year.

    MIL OSI China News

  • MIL-OSI China: ‘Ne Zha 2’ derivatives ride blockbuster wave

    Source: China State Council Information Office 3

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    Fans of record-breaking blockbuster Chinese movie “Ne Zha 2” are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY character-shaped dolls and food items.

    Since the film’s debut on the first day of the Chinese New Year, which was Jan. 29 this year, sales of its collectibles, ranging from mystery toy boxes and cards to fridge magnets and badges, have reportedly topped 50 million yuan (about 6.97 million U.S. dollars) on Taobao, a leading e-commerce platform in China.

    This sequel to the 2019 hit “Ne Zha,” with inspirations derived from Chinese mythological tales, has already drawn over 200 million cinema-goers, the highest number in the country’s film history.

    The film became an instant holiday box office hit thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists. As of Wednesday, it had grossed over 9 billion yuan, igniting high public enthusiasm for its collectibles.

    Customers inquiring about toys featuring characters from the film are often left disappointed at stores across China. A salesperson at a trendy toy store in downtown Nanjing in east China’s Jiangsu Province said even display samples were sold out. “We expect to restock items like laser cards later.”

    Notably, Hunan Sunny & Sandy Toys Manufacturer Co. Ltd., the film’s sole licensed manufacturer of 3D food-grade plastic toys in China, reported sales of over 450,000 mystery toy box sets through live-streaming in just 11 days — ranking first in terms of the sales of board-game merchandise on the video platform. In addition, more than 10 million of these sets have been sold through offline partnerships.

    Yang Zhenlin, assistant to the company’s chairman, said their factory workshops had to resume operations ahead of schedule after the Spring Festival holiday, with their hundreds of staff members working tirelessly to replenish inventory. “We had great confidence in the film even before its release, so we promptly secured the copyright,” Yang told Xinhua.

    This week, on e-commerce platforms, some stores have gradually restored supplies. Businesses in the second-hand market have remained brisk.

    Fans have also discovered that the gold bracelets they had purchased after the first Ne Zha film came out in 2019, with designs inspired by the “universe ring” on Ne Zha’s arm, have tripled in value on the second-hand market, thanks to both the success of “Ne Zha 2” and a higher gold price.

    Some fans have gone so far as to make their own versions of it, using wood, plasticine, flour and even thread. Coinciding with the Lantern Festival on Feb. 12, netizens shared creative improvisations of Ne Zha-shaped glutinous rice dumplings, a festive food.

    Miao Lingyi, a 10-year-old girl living in east China’s Shanghai, expressed her admiration for the character Ao Bing, the son of the Dragon King, stating her desire to use her pocket money to buy a collectible featuring him. “I really love the character and I don’t mind waiting a while for the collectible,” she said.

    According to experts, the film’s huge success stemming from its captivating plot and stunning special effects, has evoked emotional attachment and resonance with characters among its audiences, while some related products feature limited edition designs — thereby enhancing their value as collectibles and stimulating consumer purchasing enthusiasm.

    Ye Guofu, founder of MINISO, a Chinese retailer known for its fashionable but affordable household products, said that Chinese consumers’ growing focus on emotional value attached to commodities, particularly among the younger generations, is expected to further drive the consumption of IP-featured products, such as those related to domestic animated films and games.

    With this lucrative market rapidly expanding, experts have stressed the importance of both IP innovation and product quality, while warning against risks of market irregularities and intellectual property rights violations.

    Law professor Zheng Ning with Communication University of China suggested that market regulators strengthen oversight to combat potential price gouging and the sale of substandard products — thereby ensuring a more orderly market environment.

    Zhao Liangshan, a lawyer in northwest China’s Shaanxi Province, cautioned that handcrafted items made for personal use are not allowed for commercial purposes.

    As “Ne Zha 2” enters international markets, Hunan Sunny & Sandy Toys Manufacturer Co., Ltd. aims to target global markets — particularly in Asia, North America and Europe.

    The film is set to be screened in various countries, including the United States, Canada, Australia, New Zealand, South Africa, Egypt, Singapore, Japan and the Republic of Korea, with premieres in Los Angeles and Sydney having received positive responses from professionals and fans alike.

    MIL OSI China News

  • MIL-OSI China: ​New ‘Harry Potter’ attraction to open in Shanghai in 2027

    Source: China State Council Information Office 3

    Warner Bros. Discovery Global Experiences announced on Feb. 12 that it has partnered with Jinjiang International, a leading travel and hospitality conglomerate in China, to develop “Warner Bros. Studio Tour Shanghai – The Making of Harry Potter,” set to open in 2027.

    A concept image of Diagon Alley at the planned “Harry Potter” studio tour attraction in Shanghai. [Image courtesy of Warner Bros. Discovery Global Experiences]

    The attraction, pending regulatory approval, will be China’s first “Harry Potter” studio tour and will be located at Shanghai Jinjiang Action Park. It represents the first major expansion of Warner Bros. Discovery Global Experiences’ portfolio since the division was formed in September.

    The indoor facility will guide visitors on an enchanting behind-the-scenes journey of the “Harry Potter” films, including iconic sets designed by the films’ creative team. The tour will feature authentic costumes, props and interactive displays, allowing visitors to step into scenes from the films and discover the creative process that brought the beloved book series to the screen, according to the press release.

    “Warner Bros. Studio Tour Shanghai – The Making of Harry Potter” will occupy approximately 53,000 square meters, comprising an indoor soundstage and an outdoor backlot that visitors can tour in roughly half a day. A landscaped park area will be created in front of the attraction for both tour visitors and the general public.

    The “Harry Potter” franchise continues to captivate audiences 25 years after its debut. J.K. Rowling’s best-selling novels have inspired eight blockbuster “Harry Potter” movies, three “Fantastic Beasts” films, the stage production “Harry Potter and the Cursed Child,” and various video games. Fans can currently visit five themed areas at Universal Studios parks worldwide and take studio tours in London and Tokyo. Warner Bros. is also developing a new HBO Original series based on the books.

    MIL OSI China News

  • MIL-OSI China: How UNESCO-listed Hoh Xil transforms from poaching hotspot to model for wildlife protection

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

    How UNESCO-listed Hoh Xil transforms from poaching hotspot to model for wildlife protection

    Over the past 30 years, more than 100 patrollers have dedicated themselves to safeguarding the Hoh Xil National Nature Reserve on the Qinghai-Xizang Plateau, which is known as the “roof of the world.”

    MIL OSI China News

  • MIL-OSI China: US stocks close higher after Trump signs memo on reciprocal tariffs

    Source: China State Council Information Office 3

    U.S. stocks advanced on Thursday as investors reacted to U.S. President Donald Trump’s announcement of planned reciprocal tariffs.

    The Dow Jones Industrial Average gained over 0.7 percent, adding more than 350 points, while the S&P 500 rose over 1 percent to close at 6,115.06, just shy of its record 6,118.71. The Nasdaq Composite climbed more than 1.5 percent, driven by strong performances from Nvidia and Tesla.

    Sector performance was largely positive, with 10 of 11 S&P 500 sectors closing in the green. Materials rose 1.74 percent, followed by Consumer Discretionary at 1.50 percent and Technology at 1.42 percent, leading the gains. Meanwhile, Utilities increased 0.23 percent and Industrials edged up 0.10 percent, posting more modest advances.

    Trump signed a memorandum directing his administration to develop a plan for reciprocal tariffs, aiming to match the tariffs that other countries impose on U.S. exports.

    The announcement led to a surge in the Dow Jones Industrial Average, as investors anticipated potential benefits for domestic industries. Additionally, Trump suggested that further tariffs, including those on auto imports, could be forthcoming, indicating a more aggressive stance on trade policy in the near future.

    Meanwhile, the Producer Price Index (PPI) for final demand increased by 0.4 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported on Thursday.

    The 10-year Treasury yield fell after the inflation data and was recently down about 10 basis points to 4.535 percent, as of 4:36 p.m. Eastern Time.

    “The components that feed into PCE is, I think, where we’re getting the celebration today. That’s helping bring yields down a little bit as well,” said Adam Turnquist, chief technical strategist at LPL Financial.

    “We’re watching 4.5 percent as the line in the sand for this upturn that’s been in place since September. A break below that would be a welcome sign for equity markets,” he added.

    The U.S. labor market continued to exhibit resilience, as evidenced by a decline in initial jobless claims. For the week ending Feb. 8, applications for unemployment benefits decreased by 7,000 to a seasonally adjusted 213,000, surpassing analysts’ expectations of 215,000.

    In January, the United States added 143,000 jobs, and the unemployment rate fell to 4 percent. However, the labor market’s strength is juxtaposed with recent announcements of workforce reductions by major corporations. Meta Platforms, for instance, has initiated company-wide layoffs affecting approximately 5 percent of its workforce, targeting what it identifies as its “lowest performers.” Similarly, companies like Workday, Dow, CNN, and Starbucks have also announced job cuts in 2025.

    MIL OSI China News