Category: China

  • MIL-OSI China: Saudi Arabia’s 1st ETF tracking Hong Kong stocks debuts

    Source: China State Council Information Office

    Saudi Arabia’s first exchange-traded fund (ETF) tracking the Hong Kong equity market debuted Wednesday on the Saudi Stock Exchange.

    With an initial size of over 1.2 billion U.S. dollars, the ETF, the Albilad CSOP MSCI Hong Kong China Equity ETF, became the largest ETF in the Middle East upon its listing.

    The index fund allows Saudi investors to directly trade Hong Kong stocks across such sectors as consumer goods, healthcare, and technology.

    The listing of the ETF provides a convenient investment channel for investors from the Middle East to access markets of the Chinese mainland and Hong Kong, promoting the two-way flow of capital between the two sides, and strengthening the connections in their capital markets, Financial Secretary of the Hong Kong Special Administrative Region Paul Chan said.

    In November last year, Asia’s first ETF tracking shares listed in Saudi Arabia debuted in Hong Kong.

    MIL OSI China News

  • MIL-OSI China: EU tariffs on Chinese EVs face backlash

    Source: China State Council Information Office

    China does not acknowledge or accept the European Union’s final ruling to impose additional tariffs on electric vehicles manufactured in the Chinese market, the Ministry of Commerce said on Wednesday, vowing to take all necessary measures to protect the interests of companies.

    The European Commission, the EU’s executive arm, announced on Tuesday the conclusion of its anti-subsidy investigation, resulting in the imposition of definitive countervailing duties on EVs produced in China. The measures will expire at the end of a five-year period unless an expiration review is initiated before that date, the commission said in a news release.

    In response, China has filed a complaint under the World Trade Organization’s dispute settlement mechanism.

    China has repeatedly pointed out that the EU’s anti-subsidy investigation into EVs manufactured in China is irrational and fraught with numerous noncompliance issues, and is a protectionist move under the guise of “fair competition”, the Ministry of Commerce said in an online statement.

    Noting that the EU is still willing to continue talks on price commitments for Chinese-made EVs, the ministry said that China always advocates the resolution of trade disputes through dialogue and consultation.

    The EU’s new tariffs will range from 7.8 percent for the Chinese output of United States EV maker Tesla Inc, to 18.8 percent for Zhejiang Geely Holding Group, and up to 35.3 percent for Shanghai-based carmaker SAIC Motor Corp, in addition to the EU’s existing 10 percent duty on imported cars.

    Other Chinese EV manufacturers face an average tariff of 20.7 percent, with rates reaching up to 35.3 percent for those classified as “noncooperative”.

    SAIC Motor expressed disappointment on Wednesday with the decision and said that it plans to pursue necessary legal action by filing a lawsuit with the Court of Justice of the European Union to ensure its legitimate rights and interests.

    The Chinese automaker said that it is implementing a series of measures to strengthen its resilience against the EU’s trade barriers.

    These tariffs on Chinese, European and US EV producers operating in China neither enhance the EU’s resilience in EV manufacturing nor promote innovation or job creation. Instead, they represent a politically motivated approach, the Brussels-based China Chamber of Commerce to the EU said on Wednesday.

    Market watchers warned that these additional tariffs will likely intensify trade friction between China and the EU, and may trigger a global rise in trade protectionism within the automotive industry.

    Zhang Yongjun, secretary-general of the China Center for International Economic Exchanges in Beijing, said that based on the principle of reciprocity, the EU’s decision will inevitably trigger countermeasures, potentially having an impact on competitive EU export industries that trade with China.

    “Under such circumstances, European consumers may suffer, facing either increased costs for Chinese EVs or limited options from alternative suppliers,” he added.

    Wei Jianguo, former vice-minister of commerce, said that the EU’s move could weaken Chinese investors’ confidence in Europe, especially those in the automobile, power battery, industrial parts and logistics industries.

    Erik Solheim, former executive director of the United Nations Environment Program, told China Daily on Wednesday: “Tariffs on superior Chinese electric cars go contrary to all economic wisdom. It will make us all poorer and slow down the green transformation in Europe.

    “Green competition is a race to the top, tariffs and protectionism is a race to the bottom. Europe should invite investments from BYD and all the other Chinese car makers to help share technology and help shape competition so that European car makers can catch up.”

    Also on Wednesday, Foreign Minister Wang Yi reiterated China’s opposition to the EU’s tariff measure. The move clearly violates WTO rules and contradicts the principles of free trade, Wang said while meeting in Beijing with Finnish Foreign Minister Elina Valtonen.

    China has always believed that openness leads to progress while protectionism has no future, and universally beneficial and inclusive economic globalization serves the interests of all parties, Wang added.

    Believing that dialogue is the best path forward, Chen Huiqing, head of the legal service branch at the Beijing-based China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said that talks remain the most effective way to prevent the escalation of bilateral economic and trade tensions.

    Currently, technical teams from both sides are engaged in a new phase of consultations, according to the Ministry of Commerce.

    MIL OSI China News

  • MIL-OSI China: Taoyangli’s rich culture gets a refreshing look

    Source: China State Council Information Office 3

    Zheng Dazhe never imagined he would end up spending an entire afternoon touring porcelain workshops, engaging with craftsmen, and becoming captivated by their stories and creations, but when he visited the Taoyangli historical and cultural district in Jingdezhen in Jiangxi province, that’s exactly what happened.

    Zheng visited the popular tourist destination in September to learn about porcelain. After exploring the Jingdezhen Imperial Kiln Museum, he found himself fascinated by the area’s many porcelain workshops in their centuries-old courtyards, and had engaging conversations with the craftsmen, learning about the intricate process of making porcelain, from the initial shaping of the clay, to the hand-painting of the designs.

    “It’s like being in a movie. The porcelain artisans have lived and worked here for centuries. The buildings are old, and the city’s glorious history of porcelain making comes vividly alive,” says Zheng.

    The Taoyangli historical and cultural district at the heart of Jingdezhen, which is known as the “porcelain capital of China”, consists of significant remains and ruins that bear witness to its millennium-old porcelain industry. This includes imperial and ordinary kilns dating back to the Ming (1368-1644) and Qing (1644-1911) dynasties, as well as workshops and trading houses once inhabited by ceramics makers and business owners.

    Restored in 2016, the area has since become a popular destination for tourists like Zheng who are interested in porcelain. According to Liu Zili, president of the Jingdezhen Ceramic Culture Tourism Group, which oversees the district’s operation and restoration, Taoyangli received more than 3.7 million visits last year. During the National Day holiday earlier this month, daily visits peaked at 80,000.

    Liu says that Taoyangli owes its birth to ceramics, and went on to develop a rich culture. The group aims to revitalize the historical district, and entice more young people to engage with its deeply rooted ceramic traditions.

    Some 40 ceramic artisans and 300 apprentices are currently working in the historical workshops, mainly to demonstrate the intricacy of making porcelain and share their stories with visitors — tales of tradition, innovation, and the pursuit of beauty.

    Sun Lixin, a fourth-generation inheritor of blue-and-white porcelain craftsmanship, continues the family legacy at his Taoyangli workshop. Growing up immersed in ceramic culture, he learned the craft from his grandfather, who also worked there.

    The 57-year-old makes porcelain every day and enjoys engaging with the visitors who enter his courtyard. He has 60 apprentices, some of whom practice alongside him in the workshop.

    “Most of the tourists coming here are young people. The district is a good window onto our porcelain culture. I believe as long as it interests young people, ceramic culture will continue to thrive and remain vibrant,” he says.

    Apart from the traditional workshops, new shops have also been introduced. Two years ago, when Wen Jing first visited, she was captivated by Taoyangli’s blend of ancient architecture and old kilns. This January, she moved her aromatherapy shop from Shanghai to the district.

    “Taoyangli is different to other ancient districts. It has not only imperial kilns and many old workshops, but also an abundant alleyway culture. It’s amazing to see all these well-preserved old homes and production spaces packed into such a small area,” says the 34-year-old.

    Wen took the area’s tradition of ceramics into consideration when she worked with her designer to create a stylish bottle for her aromatherapy products. It is covered in thorns, like those of a rose, and so has to be handcrafted, and Wen says the mass production of such an item is only possible in Jingdezhen.

    “It has a well-established system for everything, from molding to making porcelain, and there are many skilled craftsmen who can work with us,” she says.

    Her shop is located in a centuries-old house and the interior can’t be changed due to preservation laws, so Wen has added some stylish furniture and decorations to create a blend of old and new.

    “Being here allows us to connect with more young people and directly interact with customers, which is really helpful for developing our future products. We get a lot of valuable feedback from them,” she says.

    As artisans deftly continue age-old traditions, visitors are invited to step back in time and experience the enduring legacy of this unique cultural enclave.

    Taoyangli hosts numerous ceramic culture-related events each year to attract visitors. In addition to trying their hands at ceramics and exploring shops, tourists can visit the archaeological sites of the kilns that used to produce porcelain for the imperial families, participate in ceremonies held to mark the removal of freshly fired porcelain from the kilns, visit immersive ceramics exhibitions at the museum, and even do some role-playing.

    “We will continue to explore cultural resources as a driving force for the integrated development of culture and tourism in Taoyangli,” says Liu.

    In recent years, the group has been reaching out to former residents and craftsmen who moved out of Taoyangli, inviting them to return for a visit, and to record oral history videos.

    “Their stories are an inseparable part of the culture and history of the old neighborhood.”

    MIL OSI China News

  • MIL-OSI China: Kazan singer feels blossoming bond for Chinese folk music

    Source: China State Council Information Office 3

    In a small studio in Kazan, the capital of Russia’s Tatarstan Republic, the air was suffused with the melodic strains of the famous Chinese folk song “Jasmine Flower”, or Mo Li Hua in Chinese.

    This impressive rendition of the iconic Chinese song came from an unexpected source: Saida Mukhametzyanova, a 23-year-old Tatar singer who has developed a special affinity for Chinese music.

    Saida’s endeavor at Chinese folk music began over a year ago, driven by her curiosity and love for exploring music from different cultures.

    Upon hearing “Jasmine Flower” for the first time, she perceived its striking similarities to the Tatar folk song “Galiyabanu” and was captivated by its beauty. Both songs feature a pentatonic scale and share flowing melodies and themes about the pursuit of love.

    “That’s why I had the idea to blend these two beautiful folk songs,” Saida said.

    Later, she discovered a seamless and natural way to blend the two songs, alternating between Chinese and Tatar lyrics while combining their melodies.

    To perfect her performance of the Chinese portion, Saida dedicated herself to learning the language, focusing on every detail of the tone and pronunciation.

    When she released this cultural mashup online, it garnered significant attention, with listeners praising the fresh take on both traditions.

    This experience with Chinese folk songs has opened up more opportunities for Saida to perform at various China-Russia cultural exchange events, including one during the Games of the Future, a national event held in Kazan earlier this year.

    Saida’s keen apprehension about Chinese music has profoundly influenced her artistic vision. “Chinese culture often draws parallels between people and nature, which captivates me because it brings us closer to nature,” she said.

    “The melody is very beautiful, everything in it is harmonious, and it touches the soul. I told my parents that I need to focus my creativity and resources on China and Asia,” she added.

    She has embarked on a project to create an album featuring both Chinese and Tatar folk songs, which she hopes will serve as a musical bridge between the two cultures.

    Saida also dreams of visiting China, a country of which she has yet to gain firsthand experience.

    “I’ve sung Chinese songs, but I’ve never been to China,” she said. “It has such a rich culture that has preserved its uniqueness for thousands of years. I want to see it with my own eyes.”

    MIL OSI China News

  • MIL-OSI China: ‘World Cities Culture Forum 2024’ kicks off in Dubai

    Source: China State Council Information Office 3

    The “World Cities Culture Forum 2024” kicked off in Dubai, the United Arab Emirates, on Wednesday, bringing together representatives from more than 36 cities worldwide to exchange ideas and strategies around cultural and creative growth.

    Held under the theme “Tomorrow’s Culture: How Will the Next Generation Shape Our World?” the forum marks its first appearance in the Middle East and North Africa region, spanning three days to underscore the role of cities in fostering creative economy.

    It will discuss key topics including investment in cultural and creative industries, nurturing talent, and creating opportunities for talents to help reshape the future of cities.

    On the forum’s opening day, Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of the Dubai Culture and Arts Authority, announced the launch of the “Future of Education in the Creative Economy” report. This report examines the educational landscape within cultural and creative sectors and emphasizes the crucial role of education in developing an innovative, knowledge-based economy.

    Sheikha Latifa called for a collaborative effort to establish an innovative framework aimed at empowering youths globally to achieve their ambitions and enhance the creative economy’s impact.

    “We will unify all efforts through this forum to advance the youths as leaders and innovators of tomorrow, and we will strive to empower them with strong foundations in education,” the chairperson said.

    The World Cities Culture Forum is a global network of over 40 cities that champions the belief that culture is at the heart of city planning and investment. 

    MIL OSI China News

  • MIL-OSI China: Introducing France to China, word by word

    Source: China State Council Information Office 3

    The 16th edition of the Fu Lei Translation and Publishing Prize will be held on Nov 30 and Dec 1 in Beijing. The event is part of the cultural activities commemorating the 60th anniversary of diplomatic relations between China and France, Nicolas Pillerel, minister counselor for culture, education and scientific affairs at the French embassy in China, announced during a news conference on Oct 24.

    Established in 2009 by the French Embassy in China and French-speaking Chinese intellectuals, including Dong Qiang, author, translator and professor of French literature at Peking University, the Fu Lei prize is awarded for the translation of French books into Chinese, and also promotes the dissemination of these translations.

    Supported by intellectuals, including Nobel laureates in literature Jean-Marie Gustave Le Clezio and Mo Yan, the prize acknowledges the crucial role of translators as conveyors of words, as well as their role in bolstering cultural exchange between France and China.

    The prize is given in three categories — “Literature”, “Essay”, and since 2013, the “Young Shoots” category to encourage the next generation of translators.

    “We are aware that without the participation and involvement of young people, and without the emergence of outstanding young translators, the translation industry will inevitably face a talent gap,” says Dong.

    This year, 47 titles are competing for the Fu Lei prize, with 28 in the “Essay” category and 19 in the “Literature” category. Notably, 42 of the 60 translators were born after 1980.

    Yu Zhongxian, chairman of the jury this year, says that the finalists are younger than those in previous years, and a majority are women.

    In the “Essay” category, the original versions of some of the translations are lengthy, difficult books on which multiple people worked to complete the translation.

    In the “Literature” category, translations cover an impressive array, including not only books from the last century, but also those that reflect the contemporary lifestyles of young people in France.

    Yu says that, given the increasing variety of books introduced in recent years, there is a need for younger publishers to discover them, and for younger translators to translate them.

    Ten books — five about social sciences and five literary titles — made it to the final list and the winners will be announced in Beijing on Nov 30.

    The finalists include Francois Furet and Mona Ozouf’s A Critical Dictionary of the French Revolution, Delphine de Vigan’s novel Children Are Kings, which addresses the pitfalls of social networks, Dany Sandron’s Notre-Dame de Paris: History and Archaeology of a Cathedral, and Nastassja Martin’s In the Eye of the Wild, which explores the relationship between humans and nature. These books demonstrate the diversity and vitality of French-to-Chinese translations today.

    Since 2013, China has been the largest buyer of French copyrights abroad. Last year, 1,383 contracts were signed between French and Chinese publishers.

    “The enduring appeal of French literature and thought is inseparable from the contribution of translators, and we should be grateful for their work. For this reason, we place great importance on supporting translators,” says Pillerel.

    He says that translators are usually obscure like shadows, but that at least once a year, there is a need to “cast the spotlight” on them.

    In addition, the French embassy in China financially supports the publishing of at least 30 translations, in addition to translation training programs to nurture more young talent.

    This year marks the 60th anniversary of the establishment of Sino-French diplomatic ties, as well as the China-France Year of Culture and Tourism. Pillerel says that the series of activities organized by the French embassy around both themes throughout the year culminates with the prize.

    MIL OSI China News

  • MIL-OSI China: China’s pilot FTZs see double-digit trade growth

    Source: China State Council Information Office 3

    An aerial drone photo taken on March 27, 2024 shows a construction site at Lingang new area of the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    Foreign trade of China’s pilot free-trade zones (FTZs) expanded 11.99 percent year on year in the first three quarters of 2024, customs data showed Wednesday.

    Total imports and exports of these pilot FTZs reached 6.09 trillion yuan (about 853.1 billion U.S. dollars) during the first nine months, according to the General Administration of Customs.

    Exports rose 16.1 percent year on year to 2.74 trillion yuan, while imports climbed 8.83 percent year on year to 3.35 trillion yuan during the period, the data showed.

    China has built 22 pilot FTZs across the country. These pilot zones, regarded as pacesetters for the country’s high-standard reform and opening up, have contributed about 20 percent of foreign investment and import-export volume of the nation.

    China’s foreign trade, or total goods imports and exports, expanded 5.3 percent year on year in yuan terms in the first three quarters of this year, official data showed.

    MIL OSI China News

  • MIL-OSI China: 100-day countdown to 9th Asian Winter Games Harbin 2025 marked

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

    100-day countdown to 9th Asian Winter Games Harbin 2025 marked

    Updated: October 31, 2024 09:07 Xinhua
    Guests attend a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    Guests attend a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024.[Photo/Xinhua]
    Artists perform during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The giant screen shows the 9th Asian Winter Games torch during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    Guests attend a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    Performers act during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games medals are unveiled during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games torch is unveiled during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games torch is unveiled during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games gold medal is seen during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games torch is unveiled during a ceremony celebrating the 100-day countdown to the 9th Asian Winter Games Harbin 2025 in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    People take photos in front of a theme decoration in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. The countdown to the 9th Asian Winter Games Harbin 2025 hit the 100-day mark on Oct. 30, 2024. [Photo/Xinhua]
    People take selfies with a 9th Asian Winter Games mascot in Harbin, northeast China’s Heilongjiang Province, Oct. 29, 2024. [Photo/Xinhua]
    People pass by a theme decoration in a subway station in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]
    The 9th Asian Winter Games mascots are seen in Harbin, northeast China’s Heilongjiang Province, Oct. 30, 2024. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: Torch, medal, anthem for Asian Winter Games unveiled

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

    This picture shows the torch for the 9th Asian Winter Games in Harbin, capital of northeast China’s Heilongjiang Province. [Photo/Xinhua]

    HARBIN, Oct. 30 — The torch, medals and anthem for the 2025 Asian Winter Games in Harbin were officially unveiled on Wednesday.

    The height of the torch is 735mm, with a top diameter of 115mm and a grip diameter of 50mm. The theme of the design, “Surging”, aims to capture the vibrant and dynamic energy of life in nature. It symbolizes that the 9th Asian Winter Games will be filled with vitality and passion. The overall torch design incorporates international aesthetic features while blending classical and modern Chinese art.

    The design takes the form of a blossoming lilac, integrating colors such as China Red, Lilac Purple, and Snow White, symbolizing the sincerity, warmth, openness, and inclusivity of Heilongjiang Province and the characteristics of the host city, Harbin.

    The torch features a burner nozzle that combines a lilac floral design with a hollow center, creating a three-dimensional effect. The outer wall of the upper combustion chamber is designed with hollow snowflakes, harmonizing the beauty of order with the overall biomimetic natural aesthetic, blending culture and technology with natural artistry. The outer shell resembles a blossomed lilac, transitioning from transparent ice crystal to Snow White. The inner core transitions from China Red to Lilac Purple. When lit, the torch presents an effect of ice and fire merging, highlighting the radiant energy of winter sports that springs from challenge and passion.

    This picture shows the front of the medals for the 9th Asian Winter Games. [Photo/Xinhua]

    The medals for the Asian Winter Games, titled “Spirit of Speed”, were also released on the same day. The front of the medals combines the streamlined shape of a racetrack with the emblem of the 9th Asian Winter Games, capturing the powerful and graceful motion of athletes in action. This design embodies the strength and beauty of competitive sports. The flowing curves of the racetrack incorporate the silhouette of the Harbin Grand Theatre, reflecting the city’s unique aesthetic.

    This picture shows the reverse side of the medals for the 9th Asian Winter Games. [Photo/Xinhua]

    The reverse side of the medal features a picturesque landscape of Yabuli, with mountain ranges and forests that mirror the terrain of the Greater and Lesser Khingan ranges, creating a vibrant portrayal of Heilongjiang’s rich and bountiful landscape. At the center, the emblem of the Olympic Council of Asia is embedded with a rare Xunke red agate gem from Heilongjiang — symbolizing the sun shining brightly over the vibrant land. The ribbon clasp at the top of the medal is inspired by the Sun Gate of Sun Island Scenic Area, adding a distinctive local character to the design.

    The anthem for the Asian Winter Games is titled “Snow of Harbin”, written by lyricist and director Wang Pingjiu and composed by renowned domestic music producer Chang Shilei. The lyrics and melody express the vision of unity, friendship, and a shared commitment to peace and development among the people of Asian countries and regions, working together to build a community with a shared future for mankind.

    MIL OSI China News

  • MIL-OSI China: Chinese foreign minister holds talks with Finnish counterpart

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, holds talks with Finnish Foreign Minister Elina Valtonen in Beijing, capital of China, Oct. 30, 2024. [Photo/Xinhua]

    Chinese Foreign Minister Wang Yi on Wednesday said that China hopes Finland can play a constructive role in urging the European Union (EU) to avoid politicizing economic and trade issues, properly resolve differences through dialogue and consultation, and jointly safeguard the overall situation of China-EU relations.

    Wang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during his talks with Finnish Foreign Minister Elina Valtonen.

    Wang noted that in 2017, the two heads of state jointly decided to elevate China-Finland relations to a future-oriented new-type cooperative partnership, which is unique in China’s foreign relations and fully reflects the distinctiveness and adaptability of the China-Finland relationship.

    Finnish President Alexander Stubb’s state visit to China, accompanied by a high-profile delegation, is not only a continuation of friendship but also an opportunity to expand cooperation, Wang added.

    The foreign ministries of the two countries should maintain close communication and coordination, implement the important consensus reached by the two heads of state, strengthen mutually beneficial cooperation in various fields, jointly tackle global challenges, and push China-Finland relations to a higher level, Wang said.

    The EU imposing tariffs on Chinese electric vehicles obviously violates WTO rules and the principle of free trade, Wang stressed, noting that China has always believed that a universally beneficial and inclusive economic globalization is in the interests of all parties involved.

    Valtonen said Finland looks forward to working closely with China to implement the important consensus reached by the two heads of state, strengthen cooperation in areas such as low-carbon, green energy and circular economy, and jointly address global challenges such as climate change.

    As a member of the EU, Finland hopes that EU-China relations will maintain constructive development and supports both sides to strengthen cooperation and properly handle differences, Valtonen said.

    It is expected that China will play a greater role in resolving international hotspot issues such as the Ukraine crisis, Valtonen added. 

    MIL OSI China News

  • MIL-OSI China: China’s top legislator holds talks with speaker of Zambia’s National Assembly

    Source: China State Council Information Office

    China’s top legislator Zhao Leji held talks with Speaker of Zambia’s National Assembly Nelly Mutti in Beijing on Wednesday.

    Zhao, chairman of the National People’s Congress (NPC) Standing Committee, said that China is ready to work with Zambia to implement the important consensus reached by the two heads of state, take the opportunity of the 60th anniversary of the establishment of diplomatic ties to closely forge synergy between high-quality Belt and Road cooperation and Zambia’s eighth national development plan, deepen the traditional friendship and all-round practical cooperation, and work together to build an even closer China-Zambia community with a shared future.

    Noting that the exchange and cooperation between the legislative bodies of China and Zambia is an important part of the friendly relations between the two countries, Zhao said the NPC of China is willing to work with Zambia’s National Assembly to continuously strengthen exchanges at various levels and in various fields.

    Zhao called on both sides to continue to deepen political mutual trust, firmly support each other, and further build the political foundation of bilateral relations. He thanked Zambia for its firm support to China on issues concerning China’s core interests and major concerns.

    Based on the functions and responsibilities of the legislative body, the two sides should promote the promulgation and revision of relevant legal documents to provide legal guarantees for practical cooperation, Zhao said.

    Zhao also called on the two sides to actively promote international cooperation, step up coordination in multilateral mechanisms, strengthen communication and coordination on international multilateral institutional reforms, tackling climate change and other issues, and work together to practice true multilateralism.

    The two sides should jointly implement the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation, advance relevant work in a solid and steady manner, and ensure early harvests, Zhao added.

    Noting that China is a good and trustworthy partner, Mutti expressed the willingness to deepen cooperation in various fields. She said the National Assembly of Zambia is willing to strengthen communication and cooperation with the NPC of China on multilateral occasions, and play an active role in promoting the in-depth development of Zambia-China relations. 

    MIL OSI China News

  • MIL-OSI China: Hezbollah’s new leader says to continue his predecessor’s war strategy

    Source: China State Council Information Office

    A screen shows Hezbollah’s new leader Sheikh Naim Qassem delivering a televised speech on Oct. 30, 2024. [Photo/Xinhua]

    Hezbollah’s new leader Sheikh Naim Qassem said on Wednesday he will continue the war strategy adopted by his predecessor Sayyed Hassan Nasrallah by supporting the Gaza front, Lebanese TV channel al-Manar reported.

    “My work program is a continuation of Sayyed Hassan Nasrallah’s program in all fields, political, jihadist, social, and cultural,” Qassem said in his first televised speech following his appointment as the new secretary-general of Hezbollah.

    Qassem emphasized that supporting Gaza is essential to confront the threat posed by Israel in the region.

    “You will certainly be defeated because this is our land. Get out of our lands; if you stay, you will pay a heavy price,” he said, addressing the Israelis.

    Qassem also said that Iran has been supporting Hezbollah without any hidden intentions.

    “We are liberating Lebanese land when we fight Israel with Lebanese men on our borders; Iran is not using us to fight Israel as some people were saying,” he said.

    While acknowledging that Hezbollah was impacted by the assassination of Nasrallah, Qassem reiterated that the group is capable of filling all vacant positions.

    Since September 23, the Israeli army has been conducting an unprecedented and intensive air campaign against Lebanon, marking a dangerous escalation with Hezbollah.

    Since Oct. 8, 2023, Hezbollah and the Israeli army have been exchanging fire across the Lebanese-Israeli border amid concerns of a broader conflict, as the war between Hamas and Israel continues in the Gaza Strip.

    MIL OSI China News

  • MIL-OSI China: Death toll of spanish floods climbs to 95

    Source: China State Council Information Office

    This photo taken on Oct. 30, 2024 shows the view of a flood-hit street in Aldaya, Valencia province of Spain. [Photo/Xinhua]

    At least 95 people have been killed in flooding as torrential rain battered Spain’s eastern region of Valencia and the neighboring provinces of Albacete and Cuenca, according to Angel Victor Torres, Minister for Territorial Policy and Democratic Memory.

    Exceptionally heavy rainfall, totaling over 400 liters per square meter, flooded parts of Valencia and the provinces of Albacete and Cuenca within just a few hours between Tuesday night and early Wednesday morning.

    More than 60 roads have been closed due to flooding, including major highways along the eastern coast and between Madrid and Valencia. Local train services have been halted, and the high-speed rail connection between Valencia and the capital is also suspended.

    Prime Minister Pedro Sanchez will visit the affected regions on Thursday, the government said in an official communique.

    Sanchez convened an emergency cabinet meeting Wednesday morning and made a formal declaration at midday, pledging full support from his government to the families of flood victims.

    Around 1,000 members of the Spanish Military’s Emergency Response United (UME) have been deployed to the affected areas, assisting with rescue and clean-up efforts. However, operations have been hampered by power outages and collapsed phone networks in many areas.

    Meteorologists attribute the torrential rain to a phenomenon known as “isolated high-altitude depression,” or DANA in Spanish, which occurs when a cold air front crosses the warm waters of the Mediterranean Sea. While its impacts are often localized, similar events wreaked havoc in 1966 and 1957, with the River Turia overflowing and devastating the city of Valencia.

    MIL OSI China News

  • MIL-OSI China: Chinese FM meets with Russian deputy FM in Beijing

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Russian Deputy Foreign Minister Andrey Rudenko in Beijing, capital of China, Oct. 30, 2024. [Photo/Xinhua]

    Chinese Foreign Minister Wang Yi met with Russian Deputy Foreign Minister Andrey Rudenko in Beijing on Wednesday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that the China-Russia comprehensive strategic partnership of coordination is grounded in a natural logic of history and driven by strong internal dynamics, no matter how the international situation changes.

    The development of the China-Russia relations does not target any third party or is subject to interference by any third party, he said.

    Wang said under the leadership of the two heads of state, the China-Russia relations have maintained a sound momentum of development, which serves common interests of the people of both nations and allows them to make their respective contributions to safeguarding the purposes and principles of the UN Charter.

    He noted that not long ago, the BRICS Summit was successfully held in Russia’s Kazan, making positive progress on the BRICS mechanism, promoting unity and self-strengthening of the Global South, and playing an important and constructive role in world peace and stability.

    He urged the two sides to make joint efforts to coordinate cooperation in various fields and exchanges at all levels, and implement the consensus reached by the two heads of state.

    China has taken over the rotating presidency of the Shanghai Cooperation Organization (SCO) and stands ready to work closely with Russia to promote new development of the SCO, Wang added.

    Rudenko said that the head-of-state diplomacy has laid a good foundation for the development of bilateral relations.

    Russia is ready to work with China to earnestly implement the arrangements made by the two heads of state, maintain close high-level exchanges, strengthen practical cooperation, continue to maintain coordination on international and regional affairs, and push for new development of the Russia-China relations, Rudenko said.

    They exchanged views on the Ukraine crisis. 

    MIL OSI China News

  • MIL-OSI China: Chinese medical team donates medical equipment to Tanzania’s hospital

    Source: China State Council Information Office 3

    The 27th Chinese medical team to Tanzania has donated video laryngoscopes to the anesthesiology department of Muhimbili National Hospital (MNH), the country’s leading medical facility.

    According to an MNH statement released Wednesday, the equipment, valued at about 150,000 yuan (around 21,000 U.S. dollars), will aid the anesthesiology department in transitioning from broad to precision anesthesia techniques.

    The hospital expressed gratitude to the Chinese medical team for its longstanding technical guidance and medical assistance, saying the video laryngoscopes are “a timely help” that will enhance patient safety during anesthesia and address a persistent challenge in the department.

    Zhang Junqiao, the team leader and anesthesiologist, said that the team identified an urgent need for visual equipment like video laryngoscopes within the department.

    The Chinese medical team will remain committed to ongoing support for Tanzania, he added.

    MIL OSI China News

  • MIL-OSI China: Zelensky confirms Ukraine asked for Tomahawk missiles from US

    Source: China State Council Information Office 3

    Ukrainian President Volodymyr Zelensky confirmed on Wednesday that the country has requested long-range Tomahawk missiles from the United States, the Ukrayinska Pravda media outlet reported.

    “This was confidential information between Ukraine and the White House,” Zelensky said, commenting on recent media reports that suggested Kiev had requested for Tomahawk missiles.

    The president said Ukraine asked for the long-range missiles as part of its “victory plan” planning to use them only if Russia “continues escalating” the conflict.

    “I said it was a preventive tool,” Zelensky said.

    Earlier this week, western media reported that Zelensky asked for Tomahawk missiles from the United States as part of the “non-nuclear deterrence package” in his “victory plan.”

    The Tomahawk missiles have a range of about 2,400 km, according to local media reports.

    MIL OSI China News

  • MIL-OSI China: 31 killed, 27 injured in Israeli airstrikes on Lebanon

    Source: China State Council Information Office 3

    Israeli airstrikes targeted dozens of towns and villages in eastern and southern Lebanon on Wednesday, killing 31 people and injuring 27 others, according to official and military sources in Lebanon.

    The Lebanese military sources, who spoke anonymously, told Xinhua that Israeli warplanes and drones carried out 55 airstrikes on towns and villages in southern Lebanon, including 17 raids on the southeast village of Khiam.

    The official National News Agency (NNA) said that Israeli warplanes targeted the nuns’ neighborhood in the city of Nabatieh on Wednesday, destroying several buildings.

    Meanwhile, towns and villages surrounding the eastern city of Baalbek were also subjected to 15 raids.

    NNA reported that there was a massive displacement movement following Israel’s evacuation warning in Baalbek, in which about 100,000 citizens left their homes within several hours.

    Many teams from the Civil Defense, the Lebanese Red Cross, and the Islamic Health Authority are still working to remove the rubble of destroyed homes in search of missing persons.

    For its part, Hezbollah said in a series of statements that its fighters bombed several Israeli targets with dozens of missiles and drones, including the Adam Camp for special forces training southeast of Tel Aviv and a missile defense and regional brigade base east of Hadera.

    Since Sept. 23, the Israeli army has been launching an unprecedented, intensive air attack on Lebanon in a dangerous escalation with Hezbollah.

    Since Oct. 8, 2023, Hezbollah and the Israeli army have been exchanging fire across the Lebanese-Israeli border amid fears of a broader conflict as the war between Hamas and Israel continues in the Gaza Strip.

    MIL OSI China News

  • MIL-OSI China: China, Canada to increase direct flights

    Source: China State Council Information Office 2

    China and Canada will increase direct flights to meet demands for travel and trade between the two countries, the Civil Aviation Administration of China (CAAC) said Wednesday.
    Air Canada plans to increase the frequency of its weekly round-trip flights from Vancouver to Shanghai from the current four to seven from Dec. 7 onwards, according to the CAAC.
    Furthermore, Air Canada will resume the operation of its route from Vancouver to Beijing from Jan. 15, 2025 — offering seven round-trip flights per week.
    Meanwhile, Chinese airlines are also expediting their application process for additional flights.
    The surge in direct flights between China and Canada will help satisfy personnel exchange and economic and trade demands, and promote the further recovery of their shared air transport market, the CAAC said. 

    MIL OSI China News

  • MIL-OSI China: Complex, reliable methods track wild panda population

    Source: China State Council Information Office 2

    Giant panda Xian Xian is pictured at the second-phase giant panda wild training fields of Tiantai Mountain in Wolong National Nature Reserve in southwest China’s Sichuan Province, June 24, 2024. [Photo/Xinhua]
    China’s successful giant panda conservation efforts have seen the extinction risk of the species downgraded from endangered to vulnerable in 2016, with the population of giant pandas in the wild growing steadily from around 1,100 in the 1980s to nearly 1,900 as of last year.
    Against that background, giant panda lovers around the world have cheered the growing tribe of China’s national treasure.
    However, an article in The New York Times earlier this month voiced some concerns. Citing comments made by experts in 2006 and 2010, it said the methods used by China to survey the wild panda population were “not ideal” and that “China keeps its methodology a secret”.
    Chinese experts have responded by noting that assessing the population of pandas in the wild is by no means easy, although various complex and reliable methods are employed to enhance the accuracy of the count.
    Furthermore, there have been four giant panda censuses since the 1970s, with the most recent being completed in 2015 — a full five years after the 2010 comments were made by the sources cited by The New York Times.
    “Population assessment is a challenge in wildlife conservation research, especially for forest dwelling animals like giant pandas, which are often difficult to directly observe and count, and can only be assessed through collecting relevant trace information,” said Xu Weihua, vice-president of the Institute for National Parks.
    The nation’s protected area for giant panda habitats has expanded from 1.39 million hectares in the 1980s to 2.58 million hectares today.
    The establishment of the Giant Panda National Park in 2021, spanning the provinces of Sichuan, Shaanxi and Gansu, ensures the protection of about 70 percent of the pandas’ wild habitat. Thanks to careful monitoring, the number of giant pandas captured on camera and encountered in the wild has increased, according to the National Forestry and Grassland Administration.
    In the third national giant panda survey, which began in 1999, and the fourth survey, which began in 2011, researchers set up survey lines every two square kilometers in key areas within the panda distribution range. In areas with fewer pandas, survey lines were set up every six sq km.
    “This is high-intensity information gathering. Surveyors collected data on panda feces and bite marks, and used distance and bite mark differentiation methods for a comprehensive analysis to evaluate the population of giant pandas nationwide,” Xu said, noting that both methods are scientifically validated and effective for conducting surveys on wild populations.
    The term “bite marks” refers to the undigested bamboo stem fragments found in pandas’ feces.
    The distance differentiation method involves calculating the distance between panda trace points obtained during field surveys, such as feces, footprints and fur, to determine if they come from the same panda, thereby confirming the number of pandas in the area.
    Regarding the counting method involved, Xu said: “Giant pandas are solitary animals, and except during mating and seasonal migration periods, their movement within a certain time frame is limited and stable. By determining the home range and dispersal ability of giant pandas, we can confirm whether trace points belong to the same panda. If the distance between two trace points exceeds the normal activity range of a giant panda, it is preliminarily determined that there is more than one panda in the area.”
    When the distance between two trace points falls within the potential activity range of a single panda, further identification using bite mark differentiation can be applied to enhance the accuracy of the census.
    “Ninety-nine percent of a giant panda’s diet consists of bamboo, which they cannot fully digest…. Due to variations in individual digestive capabilities, there can be significant differences in the average number of bite marks in feces,” Xu said.
    “By comparing characteristics like bite mark length, we can determine if the feces in an area was left by the same panda,” he added.
    In the article in The New York Times, some foreign experts proposed using infrared cameras and DNA analysis to assess the panda population.
    However, Chinese experts have argued that due to the similar appearance of pandas, it is challenging to differentiate individual pandas by examining photos from infrared cameras. In addition, DNA analysis requires fresh panda feces, making it impractical for large-scale operations and unsuitable for reflecting the total panda population nationwide.
    “The survey methods used by Chinese giant panda experts have a complete process flowchart and calculation method, and are currently the most reliable among existing methods,” Xu said.
    “We are also exploring new technologies for giant panda population assessment and individual identification. With advancements in technology, especially the application of artificial intelligence, big data and the emergence of new equipment, future panda surveys will be more efficient, and population assessments will be even more accurate,” he added.

    MIL OSI China News

  • MIL-OSI China: Eurozone GDP up 0.4% in Q3

    Source: China State Council Information Office

    The eurozone’s seasonally adjusted gross domestic product (GDP) grew by 0.4 percent in the third quarter of 2024, marking an improvement from the 0.2 percent growth seen in the previous quarter, according to preliminary data released Wednesday by Eurostat.

    The GDP in the European Union (EU) grew by 0.3 percent in the third quarter, maintaining the same pace as in the second quarter, according to data from the EU’s statistical office.

    Year-on-year, seasonally adjusted GDP grew by 0.9 percent in both the euro area and the EU from July to September, up from a 0.6 percent increase in the euro area and 0.8 percent in the EU in the second quarter.

    Germany, the eurozone’s largest economy, reversed its second-quarter contraction to achieve 0.2 percent growth in the third quarter, according to Eurostat data. Meanwhile, France and Spain saw growth rates of 0.4 percent and 0.8 percent, respectively.

    Ireland posted the highest growth rate in the third quarter, with a 2 percent increase, while Hungary saw a significant decline of 0.7 percent. Latvia and Sweden also reported negative growth during the same period.

    Bert Colijn, senior economist at ING, noted that third-quarter GDP growth in the eurozone was partly fueled by one-off factors, including Ireland’s volatile GDP growth influenced by multinational accounting activities and a boost in French GDP driven by the Olympics.

    Colijn expressed caution regarding the eurozone’s economic outlook, forecasting weaker GDP growth in the fourth quarter. In a research report, he noted that “the eurozone economy remains sluggish for the moment.”

    MIL OSI China News

  • MIL-OSI China: US GDP grows at annual rate of 2.8% in Q3

    Source: China State Council Information Office

    The U.S. GDP grew at an annual rate of 2.8 percent in the third quarter of this year, the U.S. Department of Commerce reported in an advance estimate released Wednesday.

    In the second quarter, real GDP rose 3.0 percent, according to the department’s Bureau of Economic Analysis (BEA).

    The increase in real GDP in the third quarter primarily reflected increases in consumer spending, exports and federal government spending. Imports, a subtraction in the calculation of GDP, increased.

    The report noted that the slowdown in real GDP growth in the third quarter, compared to the second quarter, primarily reflected a downturn in private inventory investment and a larger drop in residential fixed investment.

    These declines were partly offset by accelerations in exports, consumer spending and federal government spending, while imports also rose.

    Disposable personal income rose by 3.1 percent in the third quarter, down from a 5.0 percent increase in the second quarter, suggesting potential weakness in future consumption.

    Real disposable personal income, adjusted for taxes and inflation, grew by 1.6 percent, down from a 2.4 percent increase in the previous period.

    The newly released GDP estimate for the third quarter is based on incomplete source data that may be revised by the BEA, the report said. The second estimate for the third quarter, based on more complete source data, will be released on Nov. 27.

    MIL OSI China News

  • MIL-OSI China: Sino-French agricultural trade cooperation center unveiled

    Source: China State Council Information Office

    The Guangdong-Hong Kong-Macao Greater Bay Area Agricultural Produce Trading Center was inaugurated on Tuesday in Guangzhou, capital of south China’s Guangdong Province, marking a new chapter in Sino-French agricultural trade cooperation.

    The joint endeavor was launched by China’s KINGOLD Group and France’s Rungis International Market, and is set to become the largest “vegetable basket” project in the region, aiming to bring high-quality French farm products directly to Chinese consumers.

    Located in Guangzhou’s Baiyun District, the center spans an area of 2,000 mu (approximately 133 hectares), with its first phase covering over 910,000 square meters.

    The complex will feature multi-level trading centers, a global food showcase center, a smart cold chain center, urban distribution hubs and an international exhibition center, catering to such products as fresh produce, imported ingredients, seafood and cut flowers. Its first phase is expected to host more than 2,000 vendors.

    “The trading center will serve as a one-stop, high-quality procurement platform with an expected annual turnover exceeding 100 billion yuan (about 14 billion U.S. dollars),” said Zhou Zerong, chairman of KINGOLD Group.

    According to Zhou, Rungis’ well-established management and operational expertise will contribute to an internationally oriented platform with standards that can facilitate the global flow of premium Chinese and French products.

    Rungis International Market, known worldwide for its sophisticated food safety management and logistics systems, signed a close cooperation agreement with KINGOLD Group in April 2024.

    Sylvain Fourriere, consul general of France in Guangzhou, said that the center will not only meet local needs but will also be an international hub for agricultural products, connecting the Greater Bay Area to global supply chains. It will launch a new era for agri-food trade, setting high standards in quality, sustainability and logistics.

    “Among our strengths of cooperation, agri-food is a sector where our two countries share complementary expertise and know-how, as well as a real passion for gastronomy, particularly in the province of Guangdong,” Fourriere said.

    MIL OSI China News

  • MIL-OSI China: Upcoming CIIE bringing benchmark tech to China

    Source: China State Council Information Office

    Exhibitors to the 7th CIIE introduce their products during a preparatory meeting in July. [Photo/Xinhua]

    The China International Import Expo will continue to cement its status as the global launchpad for new products, technologies and services, attracting a growing number of companies eager to capitalize on the immense potential of the Chinese market and grow a global network of collaborative partners.

    This year’s expo, the seventh edition to be held in Shanghai from Nov 5 to 10, will feature the debut of more than 400 representative new products, technologies and services across a wide range of cutting-edge sectors, including high-end equipment, advanced materials, marine engineering, biotechnology and innovative agricultural technologies.

    The speed at which exhibited products have been converted into top-selling items has exceeded the expectations of many participants, while the event’s ability to connect global companies with prospective partners has grown tremendously, said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation.

    Intuitive Fosun, a robotics-assisted medical device manufacturer founded by US company Intuitive Surgical and Shanghai-based Fosun Pharma, will showcase a new transcranial magnetic resonance guided ultrasound device during the event.

    This innovative technology is poised to provide noninvasive surgical treatment options for Parkinson’s disease, which is difficult to manage with medication alone, said Wu Yifang, chairman of Fosun Pharma.

    Exhibiting at the CIIE allows businesses to leverage favorable policies and incentives to aid in the introduction and commercialization of their new products and technologies, Wu said.

    The company’s ion robotic bronchoscopy, a robotics-assisted minimally invasive biopsy system first showcased at the CIIE in 2019, has now received regulatory approval and entered commercial deployment after a rigorous review process.

    The CIIE has not only helped streamline the overall process of bringing innovative products to market, but has also created numerous opportunities for companies to drive their continued expansion in China, Wu added.

    China’s substantial imports of a wide range of products, from premium consumer goods to advanced equipment, have also served to satisfy the needs of both industrial and consumption upgrades, said Xu Hongcai, deputy director of the China Association of Policy Science’s Economic Policy Committee.

    China’s imports climbed 4.1 percent year-on-year to 13.71 trillion yuan ($1.92 trillion) in the first three quarters, said the General Administration of Customs.

    The debut of groundbreaking new products and technologies during the CIIE has also enabled participants to forge valuable collaborative partnerships.

    The CIIE is a great platform that fosters global collaboration and opens new opportunities in the Chinese market. Six consecutive years of participation reflects German pharmaceutical company Boehringer Ingelheim’s confidence in driving accelerated innovation in China, said Mohammed Tawil, president and CEO of Boehringer Ingelheim Greater China.

    “We aim to leverage the CIIE to advance various partnerships on open innovation. While advancing our own growth, we are focused on contributing to China’s high-quality development and deepening cooperation on innovation between China and the rest of the world,” Tawil said.

    MIL OSI China News

  • MIL-OSI China: China’s manufacturing PMI at 50.1 in October

    Source: China State Council Information Office

    An aerial drone photo taken on Aug. 28, 2024 shows an interior view of the digital factory at a manufacturing enterprise in Yinchuan, northwest China’s Ningxia Hui Autonomous Region. [Photo/Xinhua]

    The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.1 in October, up from 49.8 in September, official data showed Thursday.

    MIL OSI China News

  • MIL-OSI China: EU’s protectionist tariffs on Chinese EVs face backlash from industry, officials

    Source: China State Council Information Office 3

    The European Commission on Tuesday announced the imposition of anti-subsidy tariffs on Chinese-made electric vehicles (EVs), a decision that has sparked strong opposition from within the EU and key industry stakeholders.

    Starting Wednesday, these tariffs will remain in place for five years with varying rates: 17 percent for BYD, 18.8 percent for Geely, and 35.3 percent for SAIC, among China’s leading automakers.

    Additional firms that cooperated in the investigation will be subject to a 20.7-percent duty, while non-cooperative companies will incur the maximum 35.3-percent rate, according to the commission’s statement.

    Despite this decision, the European Commission noted that the EU and China are still exploring alternative measures within WTO guidelines to address trade concerns.

    The decision has sparked widespread discontent among EU member states and industry stakeholders alike. Critics argue that such tariffs could burden European consumers, strain EU-China trade and investment ties, hinder Europe’s transition to a greener automotive sector, and ultimately undermine global efforts to mitigate climate change.

    Germany’s economy ministry reaffirmed its commitment to “open markets,” underscoring the country’s reliance on global trade networks and calling for continued negotiations with China to ease tensions while protecting EU industries.

    Slovakia, a dissenting voice in the October vote, opposed the tariff increase. Prime Minister Robert Fico noted that China is “20 years ahead of us when it comes to EVs,” cautioning that heightened trade barriers could ultimately harm Europe more than China.

    Industry leaders in the automotive sector echoed these concerns. Hildegard Muller, president of the German Association of the Automotive Industry, criticized the tariffs as a “step backwards for global free trade,” warning of potential job losses, stunted economic growth, and weakened market prosperity, along with further trade disputes.

    “The door for negotiations remains open. This is the only positive news today,” she said, urging sustained efforts toward open negotiations.

    Major European automakers, including Volkswagen, BMW, and Mercedes-Benz, voiced a unified stance against the tariffs, advocating for open markets that support fair competition.

    BMW CEO Oliver Zipse warned that the tariffs could “harm the business model of globally active companies, limit the supply of electric cars to European customers and thus slow down decarbonization in the transport sector.”

    Michael Schumann, chairman of the Board of the German Federal Association for Economic Development and Foreign Trade, criticized the tariffs as counterproductive, arguing that they contradict Europe’s objectives of promoting electric mobility and advancing climate protection.

    “The transition to electric mobility is a cornerstone of climate protection, and we need to support and advance that transition,” Schumann told Xinhua.

    Experts have also weighed in, highlighting broader geopolitical influences. Boyan Chukov, a former foreign policy advisor to Bulgaria’s Prime Minister, argued that the United States is leveraging the EU in its economic competition with China.

    “China is one of the countries most compliant with environmental regulations. In this regard, it stands as an example for other countries to follow,” he said, adding that the additional tariffs are driven by “political imperatives.”

    Liang Guoyong, a senior economist with the United Nations Conference on Trade and Development, described the EU tariffs as “counterproductive.”

    He noted that protective and restrictive trade measures on green products, such as EVs, conflict with global efforts to reduce carbon emissions and could increase costs for European consumers.

    “Imposing these tariffs would only undermine the economic interests of both importers and exporters and threaten global climate change progress,” Liang warned.

    MIL OSI China News

  • MIL-OSI China: Microsoft reports Q1 results

    Source: China State Council Information Office 3

    Microsoft on Wednesday posted a revenue of 65.6 billion U.S. dollars for the first quarter of its 2025 fiscal year ending Sept. 30, 2024, up 16 percent from the same period of the previous year.

    The company generated quarterly net profits of 24.7 billion dollars, an increase of 11 percent year on year. Diluted earnings per share were 3.3 dollars, up 10 percent, compared to the same period a year ago.

    Its operating income was 30.6 billion dollars, an increase of 14 percent from the same period last year, Microsoft said in its financial report.

    The company’s revenue in Productivity and Business Processes was 28.3 billion dollars, an increase of 12 percent; its revenue in Intelligent Cloud was 24.1 billion dollars, up 20 percent; and its revenue in More Personal Computing was 13.2 billion dollars, increasing 17 percent.

    Microsoft returned 9.0 billion dollars to shareholders in the form of share repurchases and dividends in the first quarter of fiscal 2025.

    “AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process,” said Satya Nadella, chairman and chief executive officer of Microsoft. “We are expanding our opportunity and winning new customers as we help them apply our AI platforms and tools to drive new growth and operating leverage.”

    “Strong execution by our sales teams and partners delivered a solid start to our fiscal year with Microsoft Cloud revenue of 38.9 billion dollars, up 22 percent year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

    MIL OSI China News

  • MIL-OSI China: ‘Smart factory’ for offshore oil, gas equipment fully operational

    Source: China State Council Information Office 3

    A drone photo taken on Oct. 30, 2024 shows a view of an intelligent manufacturing base under China Offshore Oil Engineering Company in north China’s Tianjin. [Photo/Xinhua]

    China’s first intelligent manufacturing base for offshore oil and gas equipment was put into full operation on Wednesday in north China’s Tianjin Municipality.

    Covering an area of about 575,000 square meters, this base built along the coast of the Bohai Sea focuses on producing offshore oil and gas platforms and high-end offshore products such as liquefied natural gas modules, according to its constructor China Offshore Oil Engineering Company (COOEC), a subsidiary of the China National Offshore Oil Corporation.

    The base consists of four intelligent production workshops, eight production auxiliary centers, 16 final assembly stations and core facilities such as docks facilitating product transportation via large ships. There are also over 600 intelligent production machines at this base.

    Compared to the traditional manufacturing process, a series of operations such as material retrieval, pipe coiling, cutting and hydraulic bending can be achieved via a single click through an intelligent manufacturing management platform available at the Tianjin facility.

    According to Wang Lei, one of the senior executives of the Tianjin branch of COOEC, there are a variety of offshore oil and gas equipments, and in the past, producing them featured complicated manufacturing processes, and customized and non-standard requirements.

    As a result, COOEC opted to develop an intelligent manufacturing management platform to achieve intelligent production under complex conditions, said Wang. “More manufacturing processes are now achieved through the use of equipment, while only a small number of workers are needed to undertake detail adjustment tasks.”

    The base was constructed in two phases. The first phase of the project was put into use in June 2022, and delivered 35 offshore oil and gas platforms to countries such as China and Canada, with total weight exceeding 87,000 tonnes.

    In the second construction phase of this project, eight final assembly stations and an intelligent pipe production line were added, while the capacity of docks was increased.

    “Production efficiency achieved by the intelligent pipe production line has increased by about 20 percent when compared to what was possible in the first phase, and the overall production capacity of the factory has doubled through digital intelligent manufacturing and precise management,” Wang revealed.

    In 2023, China’s offshore crude oil production had exceeded 62 million tonnes, a year-on-year increase of 3.4 million tonnes — accounting for about 70 percent of China’s total crude oil production increase last year.

    MIL OSI China News

  • MIL-OSI China: Guangdong expressway cuts down travel time

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

    A new expressway linking three major cities in Guangdong province officially opened on Wednesday afternoon, further promoting the integrated and high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area.

    Through the new Nansha-Zhongshan Expressway, vehicles can travel from Guangzhou’s Nansha district to the Shenzhen special economic zone in less than 20 minutes and to Zhongshan in about 15 minutes. Connected with the Shenzhen-Zhongshan Link that operates across the estuary of the Pearl River, it further advances economic ties between cities in the eastern and western parts of the Pearl River delta.

    Previously, it took more than an hour for drivers to complete the journey between Zhongshan and the Shenzhen special economic zone via the Humen or Nansha bridges, which have witnessed heavy traffic jams during peak periods. Now, they can drive between the two areas in about 30 minutes.

    The 32.4-kilometer-long, six-lane two-way expressway, with a speed limit of 100 kilometers per hour, consists of the 21.6-kilometer-long main road and the 10.8-kilometer-long Wanqingsha Branch road. It will help Nansha Port improve its gateway function and achieve high-quality development.

    The project is also expected to strengthen the direct connection between Nansha, located at the mouth of the Pearl River, and major cities in the GBA, said Guo Sheng, deputy director of Nansha district’s housing and urban-rural development bureau.

    The expressway will provide huge opportunities for Nansha, a shipping hub in the southern Chinese region, to participate in the construction of the GBA and help the district open up more to the outside world.

    The new highway further connects the three pilot free trade zones of Qianhai in Shenzhen, Hengqin in Zhuhai and Nansha together. Together with the Shenzhen-Zhongshan Link, people in Guangzhou, Shenzhen and Zhongshan can reach each city within 30 minutes.

    “Nansha already has subways, light railways and intercity railway networks to connect with major cities in the GBA,” said Guo.

    Li Jing, chief planner with Department of Transport of Guangdong Province, said the province would further accelerate the construction of infrastructure and actively expand effective investment in transportation to further improve the highway network along the Shenzhen-Zhongshan Link and surrounding areas.

    The move aims to promote high-level connectivity within and outside the GBA, playing a pioneering role in transportation to better serve and support Guangdong’s opening-up to the outside world and high-quality development, Li said.

    Meanwhile, transportation departments in Guangzhou and Shenzhen have also opened intercity bus routes to link Nansha district to Shenzhen and Nansha to the Shenzhen Bao’an International Airport to strengthen the connection between the two cities on Wednesday.

    The Shenzhen-Zhongshan Link, which opened in June, connects the city clusters of Shenzhen, Dongguan and Huizhou in the eastern part of the Pearl River Delta to the prosperous cities of Guangzhou, Zhuhai, Foshan, Zhongshan, Jiangmen and Zhaoqing in the western part, further enhancing infrastructure connectivity, cooperation and exchanges among the GBA cities.

    MIL OSI China News

  • MIL-OSI Economics: Samsung Electronics Announces Results for Third Quarter of 2024

    Source: Samsung

    Samsung Electronics today reported financial results for the third quarter ended Sept. 30, 2024.
     
    The Company posted KRW 79.1 trillion in consolidated revenue, an increase of 7% from the previous quarter, on the back of the launch effects of new smartphone models and increased sales of high-end memory products. Operating profit declined to KRW 9.18 trillion, largely due to one-off costs, including the provision of incentives in the Device Solutions (DS) Division.
     
    The strength of the Korean won against the U.S. dollar resulted in a negative impact on company-wide operating profit of about KRW 0.5 trillion compared to the previous quarter.
     
    In the fourth quarter, while memory demand for mobile and PC may encounter softness, growth in AI will keep demand at robust levels. Against this backdrop, the Company will concentrate on driving sales of High Bandwidth Memory (HBM) and high-density products. The Foundry Business aims to increase order volumes by enhancing advanced process technologies. Samsung Display Corporation (SDC) expects the demand of flagship products from major customers to continue, while maintaining a quite conservative outlook on its performance. The Device eXperience (DX) Division will continue to focus on premium products, but sales are expected to decline slightly compared to the previous quarter.
     
    For 2025, the Company will remain focused on enhancing competitiveness in advanced technologies and strengthening leadership in premium products and AI capabilities amid ongoing macroeconomic uncertainties. The DS Division will address demand for differentiated products based on advanced technologies and high value-added products such as HBM and server SSDs. In addition, the Company plans to leverage the mass production on the 2 nanometer (nm) Gate-All-Around (GAA) process to win new clients. SDC will aim to maintain leadership in the high-end product category and broaden its product portfolio. The DX Division will continue to deliver exceptional customer experiences through enhanced AI features and product connectivity.
     
    With over 500 million diverse products being delivered to consumers globally every year, the Company is tailoring its AI technology in each product to help lead the market. By leveraging the SmartThings platform with 360 million users and capabilities in product intelligence, spatial intelligence, and personalization, the Company plans to firmly establish itself in the home of the future, where AI will be widespread. In the AI era for the home, the Company will focus on the security of its products, convenience in device connectivity, intelligent technology to save energy and time, and the health and well-being of users and their families.
     
     
    Memory Achieves Revenue Growth in Q3
    The DS Division posted KRW 29.27 trillion in consolidated revenue and KRW 3.86 trillion in operating profit in the third quarter.
     
    For the Memory Business, demand for AI and conventional servers was strong, as major datacenter and technology companies continued to invest. But mobile demand was relatively soft due to inventory adjustments by some customers, and the supply-demand situation was impacted somewhat by the increasing supply of legacy products in the China market.
     
    The Company focused on actively responding to the demand for AI and server products while depleting aging inventories of legacy products to further improve the inventory level and mix. Therefore, compared to the previous quarter, the Company achieved significant revenue growth in HBM, DDR5 and Server SSD.
     
    However, performance decreased due to a reduced reversal of inventory valuation loss compared to the previous quarter, one-off expenses such as the provision of incentives, and currency effects due to a weak dollar.
     
    For the fourth quarter, the demand trends experienced in the previous quarter are expected to continue. The Company plans to accelerate the conversion of cutting-edge nodes in legacy lines and aims to strengthen its business fundamentals by completing the normalization of the inventory level and mix by the end of the year.
     
    For DRAM, the Company plans to expand sales in line with the increase in HBM capacity, accelerate the transition to 1b nanometer1 for server DDR5 and actively expand the sales portion of high-density modules based on 32Gb DDR5. For NAND, the Company will expand sales of 8th generation (V8) based PCIe Gen5 and plans to mass-produce the 64TB product for the quad-level cell (QLC) market, which has high growth potential.
     
    Looking ahead to 2025, datacenter and enterprise investments are likely to remain strong in association with AI, and build demand for conventional servers, in addition to AI servers, is expected to be steadily strong.
     
    For DRAM, the Company plans to expand the sales of HBM3E and the portion of high-end products such as DDR5 modules with 128GB density or higher for servers and LPDDR5X for mobile, PC, servers, and so on. For NAND, the Company will proactively respond to the high-density trend based on QLC products — including 64TB and 128TB SSDs — and solidify leadership in the PCIe Gen5 market by accelerating the tech migration from V6 to V8.
     
    The System LSI Business posted modest sales growth, but earnings declined due to increased one-off costs. System-on-chip (SoC) shipments increased as flagship products were adopted for new models by a major customer. Sales of image sensors were affected by H1’s inventory accumulation, resulting in some adjustments, while display driver IC (DDI) sales expanded with new model launches by key customers.
     
    In the fourth quarter, supply of the Exynos 2400 will continue to expand with higher customer adoption, but weak demand for image sensors is expected to continue. For DDIs, the System LSI Business is focusing on growth areas, such as the expansion of IT-oriented OLED products.
     
    Looking ahead to 2025, the momentum of on-device AI is expected to remain strong, and the Company will focus on capturing opportunities in areas such as SoCs and cameras. The System LSI Business plans to concentrate on supplying SoCs for flagship products of a major customer while preparing for next-generation 2nm products. Image sensors will aim to maximize new product supply through HDR, low-power and zoom features, while DDIs will seek to develop low-power products using advanced processes.
     
    The Foundry Business saw its overall earnings decline compared to the previous quarter due to the impact of one-off costs. Still, the Foundry Business successfully met its order targets — particularly in sub-5nm technologies — and released the 2nm GAA process design kit (PDK), enabling customers to proceed with their product designs.
     
    While mobile and PC demand may remain weak in the fourth quarter, high performance computing (HPC) and AI-related demand will continue to be robust. The Foundry Business will strive to acquire customers by improving the process maturity of its 2nm GAA technology, and it will continue to develop competitive technology and design infrastructure to expand additional business opportunities.
     
    For 2025, the overall foundry market is expected to show double-digit growth, driven by HPC and AI applications in advanced technology nodes. The Foundry Business aims to expand revenue through ongoing yield improvements in advanced technology while securing major customers through successful 2nm mass production. In addition, integrating advanced process nodes and packaging solutions to further develop the HBM buffer die is expected to help acquire new customers in the AI and HPC sectors.
     
     
    Mobile Display Records Solid Results; Will Maintain Leadership in the High-End Market
    SDC posted KRW 8.0 trillion in consolidated revenue and KRW 1.51 trillion in operating profit for the third quarter.
     
    For the mobile display business, SDC achieved sequential improvements in both sales and profits thanks to the flagship product launches of major customers. For the large display business, SDC reported a slight weakening in operating profit, but sales volume improved from the previous quarter, driven by the stable demand of TV and monitor products.
     
    In the fourth quarter, SDC expects continued demand for flagship products from major customers, and sales growth of IT and automotive products. However, SDC’s performance outlook is quite conservative compared to the previous quarter, due to headwinds from rising competition among panel makers.
     
    For the large display business, SDC will keep striving to expand sales by meeting the fourth quarter demand of major customers through improved production efficiency, and it aims to respond to the demand for new products in 2025 with timely supply.
     
    In 2025, SDC will continue to maintain its leadership in the foldable and high-end smartphone markets, based on innovative OLED technologies optimized for AI devices and accelerate the expansion of IT and automotive products to further diversify its business portfolio.
     
    For the large display business, SDC will continue to leverage the performance advantage of QD-OLED panels to strengthen its position in the premium TV market. And for monitors, SDC will broaden its lineup by adding high-resolution products and diverse refresh rate options, aiming not only to solidify its competitive edge in the gaming monitor market but also to actively enter the B2C monitor market.
     
     
    MX Business To Achieve Double-Digit Annual Sales Growth in Flagships
    The MX and Networks businesses posted KRW 30.52 trillion in consolidated revenue and KRW 2.82 trillion in operating profit for the third quarter.
     
    Overall market demand for smartphones grew modestly as the residual effects of global inflation slowed the recovery in consumer spending.
     
    The MX Business recorded sequential growth in both revenue and operating profit, bolstered by the launch of new smartphone, tablet and wearable products. Sales increased — with a focus on flagship models — and profitability neared double digits, despite rising material costs as product specifications improved to boost competitiveness.
     
    In the fourth quarter, seasonal factors are expected to lead to sequential growth in the smartphone market. At the same time, competition in the mass market segment is expected to increase as a result of rising demand, particularly in emerging markets.
     
    The MX Business will continue to maintain solid sales of its AI smartphones, such as foldables and the S24 series, with various sales promotions in anticipation of the holiday season, aiming for annual flagship sales growth of double digits. In addition, the MX Business will expand sales linked to year-end seasonality for tablets and wearables, especially on new premium products with significantly enhanced performance, to contribute to the MX Business’ sales and profits.
     
    In 2025, the macroeconomic environment is expected to stabilize to a degree as a result of interest rate cuts, leading to slight growth in the smartphone market. The mass market segment is expected to grow, along with demand for ecosystem products, and the smartwatch and true wireless stereo (TWS) markets will expand with broader applications of AI capabilities.
     
    The MX Business will drive sales growth and improve profitability with a focus on flagship products, including smartphones, foldables, tablets and wearables, based on further advancements of Galaxy AI.
     
     
    Visual Display To Focus on Premium Models and Service Expansion
    The Visual Display and Digital Appliances businesses posted KRW 14.14 trillion in consolidated revenue and KRW 0.53 trillion in operating profit in the third quarter.
     
    The Visual Display Business saw improved profitability both from the previous quarter and a year earlier by prioritizing sales of strategic products such as Neo QLEDs, OLEDs, and big TVs. Additionally, service business sales increased.
     
    In the fourth quarter, overall demand in the TV market is expected to recover due to year-end peak seasonality amid intensifying competition. The Visual Display Business plans to capture peak season demand by enhancing sales programs through strategic collaborations with major retail partners, and will focus on expanding sales and securing profitability by emphasizing the competitiveness of TVs in terms of security, design, and content.
     
    In 2025, the overall TV market is expected to post modest growth, with strategic products like QLEDs, OLEDs, and big TVs continuing to gain market share. To solidify its leading position globally, the Visual Display Business will continue to differentiate AI functionalities and innovate its products centering on premium and Lifestyle screens.
     
    By utilizing AI, the Company aims to enhance core TV features such as picture and sound quality, while also improving the overall user experience within the SmartThings ecosystem. The Company plans to drive sales of premium products centered on Neo QLED, OLED and super big TVs, and it will maintain leadership in the Lifestyle screen category by leveraging well-established competitive advantages.
     
    Furthermore, by capitalizing on the extensive installed base that has been established through hardware leadership, the Visual Display Business will continue to expand the service platform business through advertisement and media such as Samsung TV Plus.
     
     
    1 Refers to Samsung’s fifth-generation 10nm class DRAM

    MIL OSI Economics

  • MIL-OSI Economics: ADB, Canvest Sign Deal to Support Waste-to-Energy and Municipal Solid Waste Management in PRC

    Source: Asia Development Bank

    BEIJING, PEOPLE’S REPUBLIC OF CHINA (31 October 2024) — The Asian Development Bank (ADB) signed a $50 million loan (in yuan equivalent) with Canvest Environmental Protection Group Company Limited (Canvest) to promote efficient municipal solid waste management and waste-to-energy (WTE) in the People’s Republic of China (PRC).

    ADB’s funding will help Canvest develop, construct, and operate a WTE plant at Huizhou City in Guangdong province, and to expand municipal solid waste management services in Quyang County in Hebei province. Canvest provides a range of services across the municipal solid waste value chain including cleaning, segregation, collection, transportation, sorting, recycling, and energy generation.

    “Segregating and recycling solid waste has been a challenge in the PRC, so cities have turned to the private sector for an efficient and integrated approach to waste management,” said ADB Director General for Private Sector Operations Suzanne Gaboury. “However, private sector participation in waste management is still nascent in the PRC. This project can demonstrate the viability of sector while contributing to low-carbon development.”

    The PRC is one of the world’s largest sources of municipal solid waste, with a total volume of 244 million tons in 2022 which is expected to reach 332.4 million tons a year by 2025. The project’s WTE plant is expected to treat at least 300,000 tons of municipal solid waste a year, generating at least 93 gigawatt-hours of energy annually. This will help reduce at least 346,700 tons of annual greenhouse gas emissions. The project will also support the annual collection of at least 147,825 tons of waste by 2026.

    “Canvest helps cities to better manage their solid waste problem in a more cost-effective and sustainable way. We value ADB’s support in enhancing the environmental, social, and gender impacts of our operations,” said Canvest Chair Lee Wing Yee Loretta. “We are pleased to collaborate with ADB to share with the wider waste management community the benefits of integrated waste management solutions and the lessons learned.”

    Established in 2003, Canvest is a leading provider of waste management services in the PRC. As of June 2024, the company operated 33 WTE projects, with a total treatment capacity of 43,690 tons per day. Additional projects with a daily capacity of 10,850 tons are under development. Canvest also has 22 municipal solid waste management projects.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region. 

    MIL OSI Economics