Category: China

  • MIL-OSI China: 2nd ‘Smile of Cambodia’ event kicks off at famed Angkor Wat

    Source: China State Council Information Office 3

    The second “Smile of Cambodia” event was held in front of the famed Angkor Wat here in northwest Siem Reap province on Tuesday, aiming at promoting culture and the world heritage site to tourists.

    Angkor Wat is a major ancient temple in the UNESCO-listed Angkor Archaeological Park.

    Speaking at the opening ceremony of the two-day event, Phoeurng Sackona, minister of culture and fine arts, said the event was designed to promote culture and enhance tourism to attract international visitors to the Angkor.

    “This event has not only promoted Cambodia’s arts, culture, tradition and custom, but also contributed to revitalizing the tourism sector, which is one of the key catalysts for the kingdom’s economic growth,” she said.

    Sackona said the event was hosted by the APSARA National Authority (ANA), a government agency responsible for managing, safeguarding and preserving the Angkor Archaeological Park, in collaboration with the Khmer Artists Association.

    According to the ANA, activities during the two-day event include exhibitions of local cuisine and souvenirs, entertainment programs, and cultural shows, among others.

    The 401-square-km Angkor Archaeological Park, which is Cambodia’s most popular tourist destination, is home to 91 ancient temples, built from the ninth to the 13th centuries.

    The ancient park attracted almost 700,000 international visitors during the January-September period of 2024, earning a gross revenue of 32.5 million U.S. dollars from ticket sales, according to the state-owned Angkor Enterprise. 

    MIL OSI China News

  • MIL-OSI China: Zhang Yiming tops the list of Chinese billionaires

    Source: China State Council Information Office 3

    ByteDance’s founder Zhang Yiming’s wealth value has topped 350 billion yuan ($49.15 billion) this year, increasing by 105 billion yuan from 2023, and nominated as China’s richest person of 2024, according to the Hurun Research Institute on Tuesday.

    This is his first time being nominated as China’s richest person, the first one to make the list who was born after the 1980s and an entrepreneur that started from scratch, the report said.

    ByteDance’s global revenue surpassed 850 billion yuan in 2023, up 30 percent year-on-year, according to the report.

    The Hurun Rich List report for 2024 based wealth calculations as a snapshot of Aug 30, 2024. It identified the threshold for top 10 at 165 billion yuan.

    A total of 1,094 entrepreneurs with a personal wealth of more than 5 billion yuan made the list this year, the institute said.

    Nongfu Spring’s Zhong Shanshan and Tencent’s Ma Huateng grabbed the second and third spots on the list, with wealth values of 340 billion yuan and 315 billion yuan, respectively.

    Moreover, the top five sectors of wealth for listed entrepreneurs are industrial products, consumer goods, general health, real estate as well as food and beverage.

    The top three cities with the highest concentration of entrepreneurs on the list are Beijing, Shanghai and Shenzhen.

    MIL OSI China News

  • MIL-OSI China: China extends duties on imported ethanolamines

    Source: China State Council Information Office 3

    China’s Ministry of Commerce (MOC) on Tuesday announced its decision to renew anti-dumping duties on ethanolamines imported from the United States, Saudi Arabia, Malaysia, and Thailand.

    The duties were initially introduced in 2018 for a period of five years as such imports had caused substantial damage to China’s domestic industry.

    Following the end of the term last year, the MOC launched investigations to review the anti-dumping at the request of the domestic industry.

    The MOC said in a ruling that if the duties were terminated, the dumping practice and related damage would likely continue or reoccur.

    The duties will be levied for another five years starting Wednesday.

    MIL OSI China News

  • MIL-OSI China: China expresses disapproval for EU’s tariff ruling

    Source: China State Council Information Office 3

    China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua]

    China does not approve of or accept the European Commission’s decision to impose extra tariffs on China-made electric vehicles, a spokesperson with the Ministry of Commerce said on Wednesday.

    MIL OSI China News

  • MIL-OSI China: Hamas says open to agreements on permanent ceasefire

    Source: China State Council Information Office

    Hamas expressed on Tuesday its openness to any agreements or ideas for establishing a permanent ceasefire in the Gaza Strip.

    Sami Abu Zuhri, a senior Hamas official, said in a televised speech that the movement is open to any agreements or ideas that would end the suffering of the people in Gaza and establish a permanent ceasefire.

    Abu Zuhri added that the agreements or ideas should include the withdrawal of the Israeli army from the entire Gaza Strip, the lifting of the blockade, and the provision of relief, support, and shelter for the population, as well as reconstruction and a serious prisoner swap deal.

    He added that the movement has responded to mediators’ requests to discuss new proposals regarding a ceasefire and prisoner exchange. The Hamas official noted that his group has already held some meetings on this topic and that additional meetings will follow.

    On Sunday, Egyptian President Abdel-Fattah al-Sisi announced a proposal for a two-day ceasefire in Gaza to exchange four Israeli hostages for Palestinian prisoners, with plans for negotiations within ten days to work toward a permanent truce.

    Sisi’s announcement came as efforts continue to resume Gaza ceasefire negotiations. Recently, a Hamas delegation discussed “ways to overcome obstacles” blocking the truce in Cairo.

    Since the outbreak of the conflict between Hamas and Israel in October last year, Egypt, Qatar, and the United States have been working to mediate a ceasefire in Gaza.

    Several rounds of talks in this regard have been held in Doha and Cairo over the past months but failed to produce any serious agreements to end the yearlong conflict.

    MIL OSI China News

  • MIL-OSI USA: Background Press Call on U.S. Efforts to Address U.S. Investments in Certain National Security Technologies and Products in Countries of  Concern

    US Senate News:

    Source: The White House
    Via Teleconference
    2:38 P.M. EDT
    MODERATOR:  Good afternoon, everyone.  Thanks so much for joining today’s call.  As a reminder, this call will be on background, attributable to senior administration officials, and it is embargoed until 5:00 p.m. Eastern today.
    For your awareness, not for your reporting, on the call today we have [senior administration official], [senior administration official], [senior administration official], and [senior administration official]. 
    We’ll follow up shortly after the call with embargoed materials as well, but I will turn it over to [senior administration officials] who will have a few words at the top, and then we’ll take your questions. 
    Over to you.
    SENIOR ADMINISTRATION OFFICIAL:  Thanks, Eduardo, and thanks to everybody for joining us today.
    Since the earliest days of the administration, President Biden has said we are at an inflection point with respect to advanced technologies.  And as he’s often said, we will see more technological change in the next 10 years than we saw in the last 50.
    And that has motivated historic investments, mobilizing hundreds of billions of dollars in private investment to rebuild American manufacturing and innovation. 
    The flipside of that, of course, of promoting critical technologies is, of course, protecting them.  And recognizing how transformative certain technologies can be, the President directed his national security team to ensure that where we have significant advantages, our world-leading technologies and know-how are not used against us to undermine our national security.  That’s been the guiding principle for the Biden-Harris administration’s export control policies, as well as the Outbound Investment Program that we’re glad to announce is being finalized today. 
    As many of you know, we’ve been working on this approach to address certain outbound investments in sensitive technologies and critical sectors that could undermine American national security for some time.  And, in particular, we’ve been focused on the exploitation of certain intangible benefits that often accompany U.S. outbound investments and that help companies succeed through, for example, enhancing their standing and prominence, providing certain types of assistance, introducing investment and talent networks, opening up market access, and enhancing access to additional financing. 
    The People’s Republic of China has a stated goal, as you know: to develop key sensitive technologies that will directly support the PRC’s military modernization and related activities, including weapons development, and it has exploited U.S. investments to develop domestic, military, and intelligence capabilities. 
    So, today, the Treasury Department will issue a Final Rule to implement President Biden’s Executive Order 14105, from August of 2023, which is entitled “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.” 
    The Final Rule provides the operative regulations and a detailed, explanatory discussion regarding its intent and application.  And as directed in the President’s executive order, the Final Rule does prohibit U.S. persons from engaging in certain transactions involving a defined set of technologies and products that pose a particularly acute national security risk to the United States. 
    The Final Rule also requires U.S. persons to notify the Treasury Department of certain other transactions involving a defined set of technologies and products that may contribute to a threat to the national security of the United States. 
    Covered technologies fall into three categories: semiconductors and microelectronics, quantum information technologies, and artificial intelligence.  This set of technologies, we believe, is core for the next generation of military, cybersecurity, surveillance, and intelligence applications, providing what we believe are force multiplier capabilities. 
    The United States already prohibits and restricts the export to countries of concern of many of the technologies and products covered by the Final Rule.  This program complements the United States’ existing export control and inbound screening tools by preventing U.S. investment from advancing the development of these technologies and products in countries of concern. 
    The Treasury Department, as [senior administration official] will lay out, has used feedback through the notice and comment process to help design a carefully tailored approach.  And we also want to commend Senators Casey and Cornyn, Representatives DeLauro, Fitzpatrick, and Pascrell, as well as Representatives Meeks and McCaul in particular, for their leadership on this issue. 
    The overwhelmingly bipartisan vote on Senators Casey and Cornyn’s Outbound Investment Transparency Act as an amendment to the Senate NDAA demonstrates the shared will of Congress and the administration to meaningfully regulate outbound investments. 
    So, with that, I’ll turn it over to [senior administration official] to provide more detail on the content of the Final Rule. 
    Over to you.
    SENIOR ADMINISTRATION OFFICIAL:  Thanks very much.  As mentioned today, Treasury is issuing, at the direction of the President, a targeted and narrowly scoped regulation that implements a new program to address this threat to U.S. national security.  The Final Rule has clear thresholds and definitions to implement the executive order, and provides detailed, explanatory discussion regarding its intent and application to assist investors and other stakeholders to help them navigate this new program. 
    The Final Rule does two things at its core, as previewed: First, it prohibits U.S. persons from engaging in certain transactions involving semiconductors, quantum, and artificial intelligence.  And second, it requires U.S. persons to notify Treasury of certain other transactions involving semiconductors and artificial intelligence. 
    The rule explains in detail the scope of the program, definitions, processes, requirements, and penalties for non-compliance, among other things.  Importantly, this rule has benefited from the input of a variety of stakeholders, industry experts, and allies and partners. 
    We had two rounds of formal comments on the rulemaking to implement the executive order, first with the August 2023 ANPRM that was issued alongside the ENO and on which we got 60 comments from stakeholders.  Those comments were integral in developing the Notice of Proposed Rulemaking that we issued in June of this year and on which we received more than 40 additional comments, which further informed the development of the Final Rule.
    Over two-plus years, Treasury, along with the Departments of State and Commerce, have led extensive engagements with stakeholders across the globe.  These engagements and our deliberate decision to offer two rounds of public comment have helped us receive insightful feedback that has helped inform the Final Rule to ensure to choose our national security objectives while taking into account the need to be focused, targeted, and clear. 
    Now, I’ll briefly discuss a few key aspects of the rule. 
    First, as [senior administration official] suggested, the rule imposes requirements on U.S. persons.  This includes prohibiting U.S. persons from engaging in certain transactions with what the rule identifies as covered foreign persons, and requires the U.S. persons to notify the Treasury Department about other transactions that involve covered foreign persons. 
    Second, the Final Rule focuses on specific categories of investment transactions where the target of the investment has a nexus to the PRC and activities involving sensitive technologies and products. 
    In terms of what transactions are covered, the Final Rule applies to, among other things, a U.S. person’s acquisition of an equity interest or contingent equity interest, certain debt financing, certain greenfield investments, or investments that could result in corporate expansion and joint ventures.  This would include, for example, a U.S. investment firm taking an equity stake in an advanced semiconductor manufacturer in the PRC.  It would also cover a U.S. company’s purchase of land in the PRC to develop a quantum computing research facility. 
    There are exceptions for certain types of transactions that are less likely to contribute to the national security threat we’re worried about. 
    For example, the Final Rule excepts or carves out certain investments by a U.S. person to publicly trade securities and certain investments made by a limited partner in a pooled investment fund, among others.
    In light of our ongoing conversations with allies and partners on the importance of multilateral efforts in this area, the Final Rule also includes an exception for certain transactions involving a person of a country or territory outside the United States where the Secretary of the Treasury has determined that the country or territory is addressing national security concerns posed by outbound investment. 
    And third, in terms of the technologies and products in scope for the program, the Final Rule provides technical details on the subsets of semiconductors, quantum, and artificial intelligence that are relevant to the program. 
    For example, a U.S. person is prohibited from acquiring equity in a PRC entity that manufactures advanced semiconductors or that is developing an AI system designed exclusively or intended for a military end use.  A U.S. person would be required to notify Treasury if they are acquiring equity in a PRC company that manufactures legacy semiconductors. 
    Other examples include direct equity investments by a company or private equity fund into any PRC company that is repurposing an AI model for penetration testing or automated vulnerability detection and exploitation, which would be covered under the rule as either notifiable or prohibited, depending on the design end use and computing power used to train an AI system. 
    In addition to direct investments, indirect investments through a parent of a PRC company that is using AI models to improve targeting, intelligence, reconnaissance, and surveillance, or autonomous weapons systems for military use would be prohibited, as would such indirect investments in a PRC company developing or scaling quantum computers or networks to undermine encryption systems.  These technologies can be used for advanced code breaking, the development of next-generation military applications, or offensive cyber operations. 
    Additionally, in general, the rule is based on a U.S. person’s knowledge of the relevant facts, rendering a transaction to be covered under the rule.  Enforcement and penalties are consistent with the International Emergency Economic Powers Act, or IEEPA, the authority by which the President issued the executive order. 
    The Final Rule takes effect on January 2nd, giving stakeholders time to organize internal infrastructure and processes to ensure compliance with the rule. 
    The lengthy preamble to the rule summarizes the response to the comments received, as well as provides an explanation of the changes since the proposed rule issued over the summer. 
    And let me make two additional and final points before concluding. 
    First, this program is calibrated to help ensure our actions can be supported multilaterally, which is a critical component to maximize its effectiveness and reduce backfill from other investors.  The administration has been engaged in extensive conversations with allies and partners on the issue, and we are encouraged to see some allies and partners, including the European Commission and the United Kingdom, exploring the issue of outbound investment security in their own jurisdictions.
    Second, cross-border investment flows have long contributed to U.S. economic vitality.  This targeted action is focused on national security and scope to address specific risks posed by certain U.S. outbound investment, and it maintains our longstanding commitment to open investment. 
    Thanks.  And back to you, Eduardo, for questions.
    MODERATOR:  Thank you.  We now have time for a few questions.  If you’d like to ask a question, please use the “Raise Your Hand” feature on Zoom, and we’ll come to you. 
    First up, we’ll go to Michael Martina.
    Q    Hi there.  Appreciate you doing this.  So, what you described sounds quite similar to the notice for proposed rulemaking earlier in the year.  I’m wondering if you can detail any specific or key changes that you made to the original notice you said it was used to inform this Final Rule.  So, are any changes from earlier?
    And just an effort at clarification.  You know, given the exemptions for publicly traded securities, is it the White House’s contention that China has not significantly exploited publicly traded security purchases by U.S. investors to enhance their military or intelligence capabilities?  My understanding is that this is perfectly fine — you could trade public securities for Chinese defense companies under this; that’s totally within the rules.  Is that correct?  Thanks. 
    SENIOR ADMINISTRATION OFFICIAL:  So, maybe I’ll take the first question, Eduardo.  And then, [senior administration official], if you want to chime in on the second from a White House perspective.
    So, I think while largely consistent with the NPRM in scope and structure, the Final Rule does contain some changes, including with respect to clarity of the rule and thinking forward to compliance. 
    So, for example, we’ve selected clear technical thresholds for notifiable and prohibited transactions involving AI systems based on the amount of compute power to train an AI system that is open in the NPRM; refine how the rule applies to U.S. persons with investment banking authority and non-U.S. entity, such that it clearly applies only to those who actually exercise authority, for example; and clarifying with respect to compliance and enforcement with the rule. 
    And so, there are a number of areas where we have honed and focused and sharpened the rule since then, and those are some examples.
    SENIOR ADMINISTRATION OFFICIAL:  Thanks for the question, Michael.  So, I will say we do have existing authorities to address the threat you were discussing.  So, for example, Treasury has authorities — the Chinese military industrial complex sanctions regulations that are intended to address U.S. persons from purchasing or selling publicly traded securities and companies that are involved in this sector, and there are others as well. 
    MODERATOR:  Next up, we’ll go to the line of Anita Powell.
    Q    Thank you so much.  As you guys are surely aware, Elon Musk is developing a data center in China to train the algorithm to work on self-driving cars.  That’s a lot simpler than I think it really is.  But anyway, is this the type of investment that might be restricted under this new rule?  Can you just kind of flesh that out for us?
    SENIOR ADMINISTRATION OFFICIAL:  Sure.  Happy to start. 
    Look, I don’t think we’re going to get into hypothetical scenarios, but just reiterate some of the points that I’ve said. 
    What the rule is really targeted on is capital and the intangibles that can flow from such American capital to go into the development of PRC-based — not just based, but PRC-based entities that are developing these advanced technologies.  And so, that’s sort of the scope of the rule. 
    And one thing I will mention is that Treasury will provide some guidance and other documents during this interim period before the rule goes online.  That’s certainly our intent to help flesh this out.  But I think going back to the core tenets of the rule is the best way to answer that.
    MODERATOR:  Next up, we’ll go to the line of (inaudible).
    Q    Yeah, hi.  Thanks for doing this and for taking my question.  Could you talk a little bit more about the engagement with allies and partners in the process of finalizing this rule, specifically which allies specifically you engaged with and whether there are any allies who are going to create similar rules of their own?  Thank you.
    SENIOR ADMINISTRATION OFFICIAL:  [Senior administration official], maybe you could start with engagements with allies that you’ve had, but then maybe, [senior administration official], if we could go to you, you could talk a little bit about the G7 as well.  That might be helpful.
    SENIOR ADMINISTRATION OFFICIAL:   Yeah, sure.  Thanks. 
    So, in terms of — just to sort of put a topper before going to [senior administration official], we’ve had a number of engagements with partners and allies, which have resulted in not only sort of technical exchanges about what we are doing and why we’re doing it, but also various statements.  And [senior administration official] will allude to one of them with regard to the G7, but obviously the European Commission and the United Kingdom have made statements in support of these goals.  And so, it’s an ongoing process and one that will continue.
    SENIOR ADMINISTRATION OFFICIAL:  Yeah, and just to add on to what [senior administration official] said, this is something that, you know, even from the White House level we engage with our closest allies and partners on.  And [senior administration official] referenced, you know, a line in the G7 leaders’ statement from Apulia early this year that refers to, you know, recognizing that appropriate measures designed to address risk from outbound investments are important to complement our existing toolkit. 
    So, it’s a conversation that we’re frequently having with our key partners and allies.
    MODERATOR:  And we have time for one more.  We’ll go to the line of Patrick Tucker.
    Q    Hey.  Thanks.  Patrick Tucker from Defense One.
    So, when you say the rule prohibits people from acquiring equity in a PRC entity that manufactures semiconductors that might be used in autonomous weapons systems or that might be repurposed for AI penetration testing, is that based on an observation that there are U.S. firms that currently have investments in those areas of autonomous weaponry and penetration testing for China?  Or are you making the rule now in anticipation that firms might begin to invest in that sort of thing?  I’m trying to get a sense of the degree to which U.S. firms have exposure and have willingly made investments in these areas of the Chinese military.
    SENIOR ADMINISTRATION OFFICIAL:  So let me start, [senior administration official], and then perhaps, [senior administration official], pass it to you. 
    I think what we are worried about, which I would focus on, is the kinds of scenarios that we have outlined, which is supported by data.  And one statistic that comes to mind — and I won’t get it exactly right, so I’d refer you to the Georgetown Center for — I think it’s Technology — that had a statistic that said something to the effect of: For a five-year period, I think between 2016 and 2020 or 2021, 17 percent of investment in Chinese artificial intelligence companies included U.S. participation, and of that, 91 percent was at the venture capital stage. 
    I think if you think about those sets of facts and scenarios, that’s the kind of situation that when it comes to certain artificial intelligence capable of impacting our national security, from military intelligence, cyber, other related perspectives, that’s what we’re concerned about. 
    SENIOR ADMINISTRATION OFFICIAL:  Yeah, I would just add to that that part of the motivation, as we were looking at some case studies to inform the development of this executive order and the regulation, actually was focused on cybersecurity, where we had a number — we saw a number of VC investments directly into firms working on cybersecurity that ended up on the entity list for working with Chinese military or intelligence services.
    MODERATOR:  Thanks, everyone, for joining.  That’s all the time we have for today.  As a reminder, this call was on background, attributable to senior administration officials, and the contents of the call are embargoed until 5:00 p.m. Eastern. 
    We’ll follow up shortly with embargoed materials as well. but do reach out to us, to the NSC or Treasury, with any questions in the meantime.  Thanks so much.
    3:00 P.M. EDT  

    MIL OSI USA News

  • MIL-OSI China: China deplores US rule on investment restrictions

    Source: China State Council Information Office 3

    China deplores and rejects the latest U.S. rule on investment restrictions aimed at China, Chinese foreign ministry spokesperson Lin Jian said on Tuesday.

    Lin made the remarks at a daily press briefing when asked to respond to reports that the Biden administration has finalized restrictions on investments by U.S. individuals and companies into advanced tech in China, including the semiconductor, quantum computing and AI sectors.

    Lin said China deplores and rejects the United States’ Final Rule to curb investment in China. “China has protested to the United States and will take all measures necessary to firmly defend its lawful rights and interests.”

    MIL OSI China News

  • MIL-OSI Security: Pacific Marine saves two from drowning in Hawaii

    Source: United States INDO PACIFIC COMMAND

    On June 16, 2023, U.S. Marine Corps Cpl. Sean Olson, administrative clerk, Headquarters and Service Battalion, U.S. Marine Corps Forces, Pacific, went to China Walls, a favorite cliff-jumping spot on Oahu’s coast. The cliffs, known for their stunning ocean views and crystal-clear waters, regularly draws crowds seeking both thrills and relaxation. The sea was restless that day, its waves beginning to stir and crashing against the rocks. Olson, a former lifeguard, had seen rough waters before, but nothing could have prepared him for what came next.

    The casual events of the day quickly shifted when Olson spotted a young woman struggling to stay afloat in the rough surf below the cliffs. Olson’s instincts kicked in as he began to monitor the situation. He knew all too well how quickly the ocean’s mood can change. As the waves rose, the young woman fought to keep her head above water. Without hesitation, he leapt into the sea.

    As the situation intensified, Olson’s training and experience took over. “As soon as I saw her plunge into the water, that’s when I knew it was time to jump in,” said Olson.

    He reached the panicked woman, who was thrashing in the water and remained calm as he steadied her, allowing them to navigate through the hazardous surf. Battling strong currents and waves that seemed to crash harder with every second, Olson skillfully brought the woman through the waves and to safety at the base of the cliffs.

    Just as the adrenaline of the rescue subsided, another figure caught Olson’s attention- a second woman who was further out, intoxicated, and struggling to stay afloat. Despite the exhaustion setting in, Olson jumped back into the water. He reached the woman and began guiding her when a wave crashed over him, slamming him into the cliffs. Protecting his head with his arms, he felt a sharp sting as his back scraped the surface, leaving a deep gash.

    Olson’s former lifeguard skills were sharpened by his time in the Marine Corps, where water survival training is a continuous effort. “I want to be a MCIWS, a Marine Corps Water Instructor, it’s pretty much what got me into the Marine Corps,” Olson said afterward. His swift and decisive actions that day reflected not only his physical abilities but also his mental resilience, a combination of both his civilian and military experiences.

    For his bravery and quick-thinking actions, Cpl. Olson was awarded the Navy and Marine Corps Commendation Medal. His selfless act at China Walls, putting his own safety at risk to save others, is a testament to his dedication both as a Marine and as a person. In addition to the commendation, Cpl. Olson was also meritoriously promoted during the ceremony for his continuous hard work and dedication to his unit. His colleagues and superiors celebrated both achievements, highlighting the positive impact he continues to have within the community.

    MIL Security OSI

  • MIL-OSI Economics: Bladder cancer diagnosed incident cases across 8MM to reach 0.34 million in 2033, forecasts GlobalData

    Source: GlobalData

    Bladder cancer diagnosed incident cases across 8MM to reach 0.34 million in 2033, forecasts GlobalData

    Posted in Pharma

    The diagnosed incident cases of bladder cancer in the eight major markets (8MM*) are set to register an annual growth rate (AGR) of 2.24% from 0.28 million in 2023 to 0.34 million in 2033, forecasts GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Bladder Cancer – Epidemiology Forecast to 2033,” reveals that the US will have the highest number of diagnosed incident cases of bladder cancer among the 8MM at 0.10 million cases, whereas France will have the lowest number at 0.02 million cases in 2033.

    Antara Bhattacharya, Associate Project Manager, Epidemiology team at GlobalData, comments: “In 2023, men are more affected than women with approximately 78% men and 22% women.”

    Older adults in ages 60 years and above accounted for almost 87% of the diagnosed incident cases of bladder cancer in the 8MM in 2023, while younger adults in ages 18–59 years accounted for approximately 13% of the cases.

    GlobalData estimates that in 2023, approximately 45% of the incident cases of bladder cancer were diagnosed in the early stages by AJCC TNM staging, whereas only 6% of cases had a delayed diagnosis. Additionally, approximately 79% of the incident cases by tumor “T” stage at diagnosis were diagnosed in earlier stages, whereas only 4% cases were in severe stages.

    The high rate of diagnosis at earlier stages can be attributed to the success of increasing rates of cystoscopy, which is an invasive and expensive procedure. Approximately 74% of diagnosed prevalent cases of NMIBC relapse or recurred to MIBC.

    Bhattacharya concludes: “Bladder cancer is the ninth most common cancer type, and timely detection of the disease is both challenging and expensive. Diagnosis relies mainly on cystoscopy, which is an invasive procedure and difficult in low-resource settings. Even after being diagnosed in early stages when the disease is highly treatable, the relapse and recurrence rates are high.

    “Hence, adequate research and medical interventions are needed to facilitate different medical approaches for the timely detection and treatment. Epidemiological studies focusing on bladder cancer stages with relapse or recurrence can improve treatment outcomes. Additionally, bladder cancer treatment requires a multifaceted approach that integrates medical and surgical interventions, lifestyle modifications, ongoing support, along with immunotherapy, targeted therapy, clinical trials, and follow-up care.”

    *8MM: The US, 5EU (France, Germany, Italy, Spain, the UK), Japan, and urban China.

    MIL OSI Economics

  • MIL-Evening Report: US elections: Editorial writers at LA Times, Washington Post resign after billionaire owners block Kamala Harris endorsements

    Democracy Now!

    This is Democracy Now!, “War, Peace and the Presidency.” I am Amy Goodman, with Juan González:

    The Los Angeles Times and The Washington Post newspapers are facing mounting backlash after the papers’ publishers announced no presidential endorsements would be made this year. The LA Times is owned by billionaire Patrick Soon-Shiong, and The Washington Post is owned by Amazon’s Jeff Bezos.

    National Public Radio (NPR) is reporting more than 200,000 people have cancelled their Washington Post subscriptions, and counting.

    A number of journalists have also resigned, including the editorials editor at the Los Angeles Times, Mariel Garza, who wrote, “How could we spend eight years railing against Trump and the danger his leadership poses to the country and then fail to endorse the perfectly decent Democrat challenger — who we previously endorsed for the U.S. Senate?”

    Veteran journalists Robert Greene and Karin Klein have also resigned from the L.A. Times editorial board.

    At The Washington Post, David Hoffman and Molly Roberts both resigned on Monday from the Post editorial board. Michele Norris also resigned as a Washington Post columnist, and Robert Kagan resigned as editor-at-large.

    David Hoffman, who just won a Pulitzer Prize for his series “Annals of Autocracy,” wrote, “I believe we face a very real threat of autocracy in the candidacy of Donald Trump. I find it untenable and unconscionable that we have lost our voice at this perilous moment.”

    David Hoffman joins us now, along with former Los Angeles Times editorials editor Mariel Garza.

    David Hoffman, let’s begin with you. Explain why you left The Washington Post editorial board. Oh, and at the same time, congratulations on your Pulitzer Prize.

    DAVID HOFFMAN: Thank you very much.

    I worked for 12 years writing editorials in which I said over and over again, “We cannot be silent in the face of dictatorship, not anywhere.” And I wrote about dissidents who were imprisoned for speaking out.

    And I felt that I couldn’t write another editorial decrying silence if we were going to be silent in the face of Trump’s autocracy. And I feel very, very strongly that the campaign has exposed his intention to be an autocrat.

    JUAN GONZÁLEZ: And, David Hoffman, is there any precedent for the publisher of The Washington Post overruling their own editorial board?

    DAVID HOFFMAN: Yeah, there’s lots of precedent. It’s entirely within the right of the publisher and the owner to do this. Previous owners have often told the editorial board what to say, because we are the voice of the institution and its owner. So, there’s nothing wrong with that.

    What’s wrong here is the timing. If they had made this decision early in the year and announced, as a principle, they don’t want to issue endorsements, nobody would have even blinked. A lot of papers don’t. People have rightly questioned whether they actually have any impact.

    What matters here was, we are right on the doorstep of the most consequential election in our lifetimes. To pull the plug on the endorsement, to go silent against Trump days before the election, that to me was just unconscionable.

    JUAN GONZÁLEZ: And, Mariel Garza, could you talk about the situation at the LA Times and your reaction when you heard of the owner’s decision?

    MARIEL GARZA: Certainly. It was a long conversation over the course of many weeks. We presented our proposal to endorse Kamala Harris. And, of course, there was — to us, there was no question that we would endorse her. We spent nine years talking about the dangers of Trump, called him unfit in 5 million ways, and Kamala Harris is somebody that we know. She’s a California elected official.

    We’ve had a lot of conversations with her. We’ve seen her career evolved. We were going to — we were going to endorse her. And there was no indication that we were going to suddenly shift to a neutral position, certainly not within a few weeks or months of the election.

    At first, we didn’t get a clear answer — sounds like it’s the same situation that happened at The Washington Post — until we pressed for one. We presented an outline with — these are the points we’re going to make — and an argument for why not only was it important for us, an editorial board whose mission is to speak truth to power, to stand up to tyranny — our readers expect it.

    We’re a very liberal paper. There is no — there is no question what the editorial board believes, that Donald Trump should not be president ever.

    AMY GOODMAN: Mariel, I wanted to —

    MARIEL GARZA: So, it was perplexing. It was mystifying. It was — go ahead.

    AMY GOODMAN: Mariel, I wanted to get your response to the daughter of the LA Times owner. On Saturday, Los Angeles Times owner Patrick Soon-Shiong’s daughter Nika Soon-Shiong posted a message online suggesting that her father’s decision was linked to Kamala Harris’s support for Israel’s war on Gaza.

    Nika wrote, “Our family made the joint decision not to endorse a presidential candidate. This was the first and only time I have been involved in the process.

    “As a citizen of a country openly financing genocide, and as a family that experienced South African Apartheid, the endorsement was an opportunity to repudiate justifications for the widespread targeting of journalists and ongoing war on children,” she wrote.

    Her father, Patrick Soon-Shiong, later disputed her claim, saying that she has no role at the Los Angeles Times. Mariel Garza, your response?

    MARIEL GARZA: Look, I really don’t know what to say, because I have — that was — if that was the case, it was never communicated to us. I do not know what goes on in the conversation in the Soon-Shiong household. I know that she is not — she does not participate in deliberations of the editorial board, as far as I know. I’ve never spoken to her.

    We all know how she feels about Gaza, because she’s a prolific tweeter. So, I really can’t say. And this is part of the bigger problem, is we were never given a reason for why we were being silent.

    If there was a reason — say it was Israel — we could have explained that to readers. Instead, we remain silent. And that’s — I mean, this is not a time in American history where anybody can remain silent or neutral.

    JUAN GONZÁLEZ: And, David Hoffman, this whole issue has been raised by some critics of Jeff Bezos that his company has a lot of business with the US government, and whether that had any impact on Bezos’s decision. I’m wondering your thoughts.

    DAVID HOFFMAN: I can’t be inside his mind. His company does have big business, and he’s acknowledged it’s a complicating factor in his ownership. But I can’t really understand why he made this decision, and I don’t think it’s been very well explained. His explanation published today was that he wants sort of more civic quiet, and he thought an endorsement would add to the sense of anxiety and the poisonous atmosphere.

    But I disagree with that. I think, like in the LA Times, I think readers have come to expect us to be a voice of reason, and they’ve looked to endorsements at least for some clarity. So, frankly, I also feel that we’re still lacking an explanation.

    AMY GOODMAN: You know, you have subtitle, the slogan of The Washington Post, of course, “Democracy Dies in Darkness.” It’s being mocked all over social media. One person wrote, “Hello Darkness My Old Friend.”

    David Hoffman, your response to that? But also, you won the Pulitzer Prize for your series “Annals of Autocracy,” and you talk about digital billionaires, as well, and what this means. How does this fit into your investigations?

    DAVID HOFFMAN: You know, I would hope everybody would understand and acknowledge that we’ve done a lot of good for democracy and human rights. You know, I’ve had governments react sharply to a single editorial. When we call them out for imprisoning dissidents, it matters that we are very widely read.

    And that’s another reason why I feel this was a big mistake, because we actually were on a path, for decades, of championing democracy and human rights as an institution.

    And, you know, I have to tell you, I wrote a book in Russia about oligarchs. I understand how difficult it is when you have a lively and independent group of journalists. And ownership really matters. And, you know, we’re not just another widget company.

    This is actually a group of very, very deep-thinking and oftentimes very aggressive people that have a desire to change the world. That’s the kind of journalism that The Washington Post has sponsored and engaged in.

    In 2023, we published a series of editorials that took a look deep inside how China, Russia, Burma, you know, other places — how these autocracies function. One of the findings was that many of these dictatorships are using technology to clamp down on dissent, even things as tiny as a single tweet.

    Young people, young college students are being thrown in prison in Cuba, in Belarus, in Vietnam. And I documented these to show how this technology actually isn’t becoming a force for freedom, but it’s being turned on its head by dictatorship.

    AMY GOODMAN: We have to leave it there, David Hoffman, Washington Post reporter, stepped down from the Post editorial board when they refused to endorse a presidential candidate; Mariel Garza, LA Times editorials editor who just resigned.

    I’m Amy Goodman, with Juan González.

    This programme is republished under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States Licence.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China’s Shenzhou-19 spaceship docks with space station combination

    Source: China State Council Information Office 2

    China’s Shenzhou-19 crewed spaceship successfully docked with the space station combination on Wednesday, according to the China Manned Space Agency.
    The spaceship made a fast, automated rendezvous and docking with the front port of the space station’s core module Tianhe at 11 a.m. (Beijing Time).
    The astronaut trio aboard the spaceship will then enter the Tianhe module. Meanwhile, the Shenzhou-18 crew members are ready for their arrival.
    The spaceship, atop a Long March-2F carrier rocket, blasted off from the Jiuquan Satellite Launch Center in northwest China early on Wednesday. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)

    Source: Hong Kong Government special administrative region

    Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)
    Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)
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         The Hong Kong Heritage Museum (HKHM) will stage the exhibition “Buddhist Pilgrimage: Treasures from the Donation of The Tsui Art Foundation” starting tomorrow (October 30) by selecting 70 Buddhist treasures from the ancient Chinese artefacts collection donated by the late Dr Tsui Tsin-tong for display. Precious exhibits include thangka paintings, gilt-bronze Buddhist statues and rare artefacts such as ritual objects and scriptures. With a multimedia educational display zone, the exhibition, with free admission, aims to present the introduction of Buddhism to China, its influence from the historical, artistic and cultural perspectives, as well as its impact on cultural exchanges between China and other countries.           The opening ceremony of the exhibition was held today (October 29). Addressing the ceremony, the Acting Director of Leisure and Cultural Services, Miss Eve Tam, said that during the early stage of the development of the HKHM, Dr Tsui provided full support in establishing the T. T. Tsui Gallery of Chinese Art, where the precious artefacts he donated to the HKHM were on display. Having witnessed the dispersal of Chinese artefacts abroad, Dr Tsui determined to protect the treasures. Through years of dedicated study and acquisition, he gradually built an extensive thangka art collection. Dr Tsui’s passion for collecting Chinese artefacts transcends mere personal interest, embodying his significant contribution to the cause of Chinese national rejuvenation.           Other officiating guests included representatives of the Tsui Art Foundation Mr Tsui Ho-chuen and Ms Tsui Ching-ming; the Chairman of the History Sub-committee of the Museum Advisory Committee, Professor Joshua Mok; and the Museum Director of the HKHM, Mr Brian Lam.           The Tibetan Buddhist artefacts showcased in this exhibition are all acquired by Dr Tsui through his extensive travels and purchases since the 1970s, including 29 exquisite thangka paintings from the 17th to the 20th century, 18 gilt-bronze Buddhist statues and 23 rare ritual objects, scriptures and other items. Being an artistic form unique to Tibetan Buddhism, thangkas typically portray major Buddhist deities or respected religious patriarchs surrounded by a divine entourage on cotton or silk, to illustrate the stories of their lives or the realms over which they preside. The gilt-bronze Buddhist statues demonstrate the artisanship and the ingenuity of the metalworking craft, reflecting the mutual influence exerted by the cultures of the region throughout various periods.           Highlight exhibits include “Votive thangka of Padmasaṃbhava”, which is the largest thangka on display at this exhibition, measuring 254.5 centimetres high and 202cm wide. The content of this thangka is based on the “Pad-ma thang-yig” (Life of the Master Padmasaṃbhava), and describes the charitable and pious deeds performed during the life of a great religious master. Another thangka, “Amitābha”, portrays the main deity Amitābha in the centre and being surrounded by the Eight Great Bodhisattvas. The layout of the work is extremely detailed and powerful. The delicately painted “Eleven-faced Avalokiteśvara”, with vivid colours, depicts an Avalokiteśvara with eight hands. The first pair of hands is held together in front of the chest, holding a precious jewel. The three hands on the right hold crystal beads, the Wheel of the Law, and the lower hand is in the “abhaya mudrā”. On the left, the hands hold a lotus, a bow and arrows, as well as a kuṇḍikā. “Gilt-bronze figure of Bodhisattva Avalokiteśvara” wears a pair of big earrings, and his exposed chest is adorned with strings of jewellery inlaid with turquoise. In addition, an exquisitely decorated “Conch shell” and a hand written “Buddhist sutra” with illustrations are also on display.           The curatorial team of the HKHM specially designated a multimedia educational display zone, utilising presentation techniques and multimedia installations alongside the artefacts on display, with a view to deepening visitors’ understanding of the inclusiveness of Chinese culture and enhancing their interest in Chinese history and culture. The HKHM also commissioned designer Chiu Kwong-chiu and his team to produce an animation to interpret the pilgrimage to India of the great Buddhist master of the Tang dynasty, Xuanzang, and the contribution he made to cultural exchanges between China and the world. The multimedia installations manifest the influence of Buddhist culture in daily life in a lively way, such as pointing out the Buddhist origins behind everyday expressions, and briefly describing the content of the Heart Sutra and displaying the beauty of calligraphy.           For details of the exhibition, please visit hk.heritage.museum/en/web/hm/exhibitions/data/buddhist2024.html, or call 2180 8188 for enquiries.           The exhibition is one of the activities of the Chinese Culture Promotion Series. The Leisure and Cultural Services Department has long been promoting Chinese history and culture through organising an array of programmes and activities to enable the public to learn more about the broad and profound Chinese culture. For more information, please visit www.lcsd.gov.hk/en/ccpo/index.html.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 19:45

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI China: China-donated aid distributed to needy families in W. Afghanistan

    Source: China State Council Information Office

    Photo taken on Dec. 18, 2022 shows China-donated humanitarian aid in Nimroz province, Afghanistan. [Photo/Xinhua]

    Afghan authorities distributed China-donated aid, including blankets and rice, to needy families in Zaranj city, the provincial capital of western Afghanistan’s Nimroz province, an official said on Tuesday.

    The distribution of the assistance to the 350 needy families in Zaranj city started on Monday, said provincial director of the Natural Disaster Management Authority Mohammad Qasim Mohammad, adding that the process of distribution would last two or three days.

    Mohammad also thanked China for sending assistance in the hours of need.

    “I have received 6 liters of cooking oil, two blankets, and a bag of rice. I am thankful to China for its good neighborhood and for helping us,” Ismael Noorudin, an aid recipient, told Xinhua.

    China has provided humanitarian aid, including winter clothes, tents, and foodstuff, to needy Afghans over the past years.

    MIL OSI China News

  • MIL-OSI China: Yemeni Houthi group launches drone strike on Israeli industrial zone

    Source: China State Council Information Office

    Yemen’s Houthi group claimed on Tuesday that its forces conducted a drone attack targeting an industrial zone in Ashkelon, southern Israel.

    Yahya Sarea, the group’s military spokesman, announced on the Houthi-operated Al-Masirah television channel that the operation was executed by the group’s drone air force unit, describing it as a “qualitative military operation.”

    “The drones successfully reached their designated targets in the industrial zone of the Israeli enemy in the Ashkelon area, south of occupied Palestine,” Sarea stated.

    Meanwhile, the IDF reported on Tuesday that a drone launched from Yemen exploded in an open area in Ashkelon with no casualties.

    The Yemeni military spokesman emphasized that the Houthi forces would persist with their military operations in response to what he described as “Israeli crimes” in Gaza and Lebanon. He indicated that such operations would continue until “the aggression stops, the siege on the Gaza Strip is lifted, and the aggression on Lebanon stops.”

    Since October 2023, the Houthi group has been conducting intermittent missile and drone attacks against Israeli targets. The group has also targeted vessels in the Red Sea, Bab al-Mandab Strait, and Gulf of Aden that it claims have connections to Israel.

    MIL OSI China News

  • MIL-OSI Asia-Pac: SJ attends conference in Singapore

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam today attended the 14th China-ASEAN Prosecutors-General Conference in Singapore, where he delivered a speech at the plenary session.

    The conference, organised by the Attorney-General’s Chambers of Singapore, brought together officials, prosecutors and legal experts from 13 delegations to share their views on the conference’s theme “Fostering Co-operation on Combating Financial Crimes”.

    Addressing the plenary session, Mr Lam elaborated that Hong Kong has been adopting a multipronged approach in combating financial crimes with international elements, including adopting international regulatory standards, establishing a collaborative network for effective prosecution and asset recovery, making better use of emerging technologies and encouraging knowledge and experience sharing, in order to build a trustworthy and secure financial environment.

    He also mentioned that Hong Kong has established a comprehensive co-operation regime for the mutual legal assistance and surrender of fugitives, and that geopolitical considerations should not be allowed to hinder international co-operation in fighting financial crimes.

    The fight against financial crimes with international elements is a daunting and ongoing challenge, Mr Lam said, adding that he hoped Hong Kong and all other jurisdictions will continue to strengthen collaboration to jointly combat related crimes.

    At the conference’s closing session, the justice chief remarked that the 15th China-ASEAN Prosecutors-General Conference will be held in Hong Kong next year.

    During his visit to Singapore, Mr Lam attended other related activities. As a member of the Chinese delegation, he attended bilateral meetings between the delegation and member states of the Association of Southeast Asian Nations – Singapore, Myanmar, Vietnam, Brunei, Laos and Thailand, to exchange views on issues of mutual interest.

    Yesterday, he attended a lecture given by Prosecutor-General of the Supreme People’s Procuratorate Ying Yong on the theme “The Chinese Prosecutorial System in the Process of Comprehensive Implementation of the Rule of Law”.

    Mr Lam will conclude his visit to Singapore tomorrow and return to Hong Kong.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: EEB signs Cooperation Arrangement on Capacity Building for Ecological and Environmental Protection Staff with Hong Kong and Macao Affairs Office of the Ministry of Ecology and Environment (with photos)

    Source: Hong Kong Government special administrative region

         The Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong and Macao Affairs Office of the Ministry of Ecology and Environment (HKMAO of MEE) of the People’s Republic of China signed the Cooperation Arrangement on Capacity Building for Ecological and Environmental Protection Staff today (October 29). The Cooperation Arrangement leverages on the HKSAR’s advantages to strengthen the work of both parties on implementing international environmental conventions and pressing ahead with the ecological and environmental protection work for the green Belt and Road.
         
         The Cooperation Arrangement was signed by the Permanent Secretary for Environment and Ecology (Environment), Miss Janice Tse, and the Director of the HKMAO of MEE, Ms Zhou Guomei. It covers the strengthening of high-level exchanges, information sharing, staff training and related capacity building, as well as organisation of and participation in important events in respect of ecological and environmental protection. The Secretary for Environment and Ecology, Mr Tse Chin-wan, and the Secretary of the Leading Party Members Group and Vice Minister of the MEE, Mr Sun Jinlong, attended the signing ceremony.
         
         The implementation of the Cooperation Arrangement will effectively promote exchanges between high-level officials of both sides; pressing ahead with the establishment of effective, reliable and efficient communication channels; strengthening the sharing of information, documents, reports and data on international environmental conventions and green Belt and Road development; and taking forward training and related capacity building for ecological and environmental protection staff including arranging staff exchanges and learning in respective organisations.
         
         The delegation from the MEE will join Eco Expo Asia 2024 during their stay in Hong Kong, and the head of delegation, Mr Sun, the Secretary of the Leading Party Members Group and Vice Minister of the MEE, will give a speech at the opening ceremony of Eco Expo Asia 2024 tomorrow (October 30).           

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: “I would be interested in talking to Chinese farmers”

    Translation. Region: Russian Federation –

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

    Veronika Smirnova studies the Chinese approach to global food security and spent a year at the Renmin University of China in Beijing. In an interview with the HSE Young Scientists project, she spoke about Xi Jinping’s flagship initiatives, her interest in FAO’s John Boyd Orr, and her love of malatan and xiao long bao.

    How I got started in science

    It wasn’t a strategic plan. Science chose me, like many future scientists who enjoyed studying many subjects at school. Surprisingly, math and physics were the easiest for me, but I ended up choosing the humanities.

    Around the 9th grade, I thought about what direction I would like to choose in the future, and the topic of international relations seemed interesting to me. At that time, I was not yet interested in Chinese culture, I only heard in the news that Russian-Chinese relations were developing at a rapid pace. When it was time to choose a second language (internationalists always learn two), I spent a long time choosing between German and French. But then something sank in my heart, and I began to study Chinese, not yet knowing what awaited me in the future. This is how my love for China began, I gradually began to take an interest in culture and politics.

    In my undergraduate studies at Nizhny Novgorod State University, we had amazing courses on analytics for government bodies. I really liked this subject, and I became interested in working in this field. When I went to the master’s program at HSE, I saw that CCEMI, where I now work, was recruiting interns, and I applied. That’s how my path in science began. Then I went to graduate school and continued scientific research.

    What am I studying?

    China’s participation in the global food security system. Interest in this topic did not develop immediately. In my bachelor’s degree, I studied more about culture and soft power. But in my master’s degree, I thought: I would like to study something more practice-oriented, which could contribute to the improvement of Russian-Chinese relations. The food topic found me itself.

    The HSE education system involves earning several credits for projects during the course of study. In my Master’s program, I chose a project that was conducted by the School of Oriental Studies together with Azbuka Vkusa. Against the backdrop of Covid, we studied how retail is developing in Asian countries. I was doing research on China. And then one of the teachers said that there was an opportunity to do an internship at the UN.

    At first I wasn’t interested, but my friend, who had this experience, explained that it was a very interesting track where you act as a manager of an educational course.

    I applied for the next intake and was accepted to this project. The internship was online. I helped organize a course for UNITAR (United Nations Institute for Training and Research) and FAO (FAO, Food and Agriculture Organization of the United Nations). The course was designed for officials from the post-Soviet space on the topic of agriculture in international trade agreements.

    I thought it was an interesting topic because China and Russia were developing relations in the agricultural sector, so I decided to take it up more seriously and continued to study it in graduate school.

    What was my master’s thesis about?

    I studied Chinese concepts in global governance. This topic is close to my PhD thesis, where I examine how China promotes its approaches to food security co-operation internationally.

    In my master’s degree, I was interested to see how China’s policy ambitions are growing in practical terms, what approaches it offers – whether it is trying to take the place of the United States or is offering something unique.

    I decided to look at the theoretical approaches of Chinese scholars and compare them with the statements of Chinese leaders Hu Jintao and Xi Jinping. And I saw that, in principle, the same thing happened to the concept of global governance developed in the West as to many other Western concepts in China – from complete rejection to active participation.

    At first, China came out with sharp criticism, claiming that the concept was aimed at Western countries controlling global development. Then with interest – how to apply it with Chinese specifics. Then, gradual testing began in specific areas. For example, Chinese scientists separately studied issues of sovereignty, participation of non-profit organizations. And already at the next stage, they proposed their own approaches.

    At the same time, Chinese leader Xi Jinping put forward the concept of a Community of Shared Future for Humanity and the flagship Belt and Road Initiative, and Chinese scholars were studying how to develop global governance together with other countries through these projects.

    What is the Community of Shared Destiny for Humanity?

    Xi Jinping put forward this concept in 2013 — by the way, he first spoke about it in Moscow, at MGIMO. At the first stage, it was quite simple, it could be characterized by his words: “In me there is you, in you there is me.” The world is interconnected, and we need to manage things together, because if one participant starts having problems (as we saw during the pandemic), they arise for others as well.

    A more correct translation of the name is “the concept of a common destiny.” “A common destiny” implies unification. And China insists that everyone has the right to follow their own path of development, and this community is expressed in the fact that we develop together, but in different ways.

    Why China Believes the World Needs Food Security

    China is primarily interested in ensuring internal security. It relies on the concept of self-sufficiency. This issue is particularly sensitive for it. In the past, periods of famine were associated with political instability.

    During the Cold War, when China suffered famine, the country also faced a food embargo from the United States. And now China believes that “it must hold the rice bowl firmly in its own hands,” as Xi Jinping says.

    But having joined the WTO and participated in world trade, one cannot be completely autonomous. If there are problems in the food security sphere somewhere, it affects everyone. China is interested in maintaining general world stability. It is also developing cooperation in the “south-south” direction. This is cooperation between a developing country and a similar country, where it acts not as a donor, but as a partner, sharing its experience in solving problems.

    In the area of food security, China’s experience is a strong case: the country was able to defeat hunger with very few resources, land and water. Therefore, this is one of the key areas for cooperation with developing countries. China focuses on them, and mainly seeks to develop partnerships with them.

    Russian-Chinese relations

    Our relations are now at the peak of prosperity. During the Cold War, Sinologists had a hard time. Relations were tense, we had different views on what communism should be. The Chinese reacted quite sharply to the debunking of Stalin’s personality cult. We had border conflicts. China then, especially against the backdrop of rapprochement with the United States, diverged even more from the USSR.

    I remember my first academic supervisor in my bachelor’s degree told me that he was criticized in his close circle for studying the language of a country where he would never go, with which we are at odds. But he said that he was right. The prerequisites for normalizing relations began to emerge in the Brezhnev era, later the issues of demarcation and delimitation of the border were resolved, economic relations also developed, and now our relations have become the best.

    What results and achievements I am proud of

    I spent the last year in China, and returned in July. I was accepted to the New Sinology program for postgraduate students. It is designed to develop new approaches to China studies, building connections so that scholars can see their subject up close. I chose Renmin University of China, one of the largest in Beijing. I was able to work on my topic with a Chinese supervisor, Professor Song Wei, who is developing the theoretical framework I used in my work.

    My other achievements are not really in the scientific sphere. Within my center, I am actively involved in the implementation of joint humanitarian projects between Russia and China.

    We organized a Russian-Chinese summer school for students, and we had a project called “China Perspective,” where students from our department met with China experts and learned how to build a career in cooperation with the PRC.

    Basically, my journey of getting to know HSE and CCEIS began with me being a participant in the Russian-Chinese summer school — the 9th intake. And the next time, I was already on the organizing committee. The school was held online because of COVID, but there were many participants, some even joined from Brazil.

    What I dream about

    I am very interested in getting more field experience. For example, going to Chinese villages and talking to farmers. In China, most agricultural products are still produced on small farmsteads.

    Where I was in China

    I traveled a lot around China, visited ten cities: Beijing, Shanghai, Shenzhen, Hangzhou, Suzhou, Xi’an, Luoyang, Tianjin, Chengdu and Chongqing. In Shanghai, colleagues from my center organized a conference of the Valdai Club together with the East China Normal University. I was included in the delegation.

    There was also a trip to a conference in Shenzhen, to MSU-PPI – a joint university of Moscow State University and Beijing Polytechnic University. I already went to other cities with friends, to immerse myself in Chinese culture. A guy from India studied with me on the program, we became friends, he was more advanced in studying Chinese culture, and I went on my first trip with him.

    Science for me is a way of life, a space of connections. You are constantly looking for something to talk about, something to study.

    If I hadn’t become a scientist, I could have become a manager or producer of educational courses in the humanities. I still combine this with my scientific career, but I would have concentrated on it.

    Who would I like to meet?

    For my dissertation, I would like to meet the first FAO Secretary-General, John Boyd Orr, and talk more about his failed initiatives. My research is more in the area of international cooperation, while his research is specifically looking at how certain policies reduce malnutrition in the world.

    I was very inspired by the history of the creation of FAO. Boyd Orr was the first Secretary-General, he stood at its origins. He advocated a comprehensive approach to food security. At that time, food security was considered to be only access to products and their availability. He suggested looking at the problem more broadly and advocated that the newly formed organization should control not only development issues and information collection, but also trade, production, and food delivery.

    For example, during World War II, scientists discovered that if you increase the rations for pregnant women, then infant mortality drops sharply. They made several such discoveries, were inspired, and thought that this new knowledge would allow them to significantly reduce hunger within the organization.

    But due to the onset of the Cold War, due to the importance and criticality of this topic for the world’s major powers, there was not enough space for trust to be created so that a common supranational structure in the form of a UN institution could control all these processes.

    What my typical day looks like

    Now my typical day is loaded with work: the last year of graduate school, finishing my dissertation, going to the pre-defense. So I wake up, have breakfast, go to work and sit here for a long time. I solve work issues, and when I have a free minute, I finish the text of the dissertation.

    What will I do after my defense?

    I will continue working at CCEMI. I think that there will be more time for scientific work. I would like to study the topic of Russian-Chinese agricultural cooperation in more detail. It is also interesting to look at the development of the foodtech sphere in China, startups in this area. I would also try to publish in Chinese journals. They are not taken into account in our systems, which is critical for a postgraduate student, and after the defense this issue will no longer be so acute.

    Do I get burnout?

    I think it was at the beginning, when I didn’t understand how to combine work and study, but here my colleagues helped. We have a friendly atmosphere in the team, everyone supports each other. I adhere to the approach that there are always many interesting projects, but it is important to refuse most of them and concentrate on the most important, otherwise burnout can occur.

    What are my interests besides science?

    I love yoga. It helps me maintain a sports regimen during periods of intense work. I also like digital drawing, sometimes I even do something design-related. At the launch stage of our project “Chinese Perspective”, I made posters for the VKontakte group.

    Where do I recommend starting your acquaintance with China?

    I would recommend looking at VK groups dedicated to China. In our Russian-speaking community, for example, there is a group called “Grey Mocha” that publishes cultural notes about China. The Vyshka Chinese Club also provides a lot of useful information.

    China has its own social networks. If you want to watch Chinese videos, you should go not to YouTube, but to Bilibili and Kuaishou. WeChat is a must to communicate with Chinese colleagues. They have an interesting service called “Little Red Book” — something like a combination of Instagram and Telegram, it helped me a lot while traveling around China. You can type in “Tasty places there,” and it will show you. You could even find out which of the many cafeterias at my university serves the best food. Or figure out how to take a photo in the Temple of Heaven without people being visible. But to immerse yourself in the Chinese blogosphere, you need to know the language and understand how it works. If you come to China with only English, it will be more difficult.

    The leading contemporary Chinese writer

    Probably Mo Yan. In the book “Frogs” he describes the social reality of the “One Family – One Child” era. I also liked the plot of the book “Children of the Herd Age” written by Liu Zhenyun. One of the stories describes how a man gave a large ransom for a woman, and she ran away with this ransom without marrying him, and his sister tries to find her.

    Popular Chinese Attractions Among Russians

    Beijing, Shanghai and Harbin — because of the proximity of the border. In Beijing, the heritage of ancient culture is interesting: the Forbidden City, the Temple of Heaven, the Great Wall of China. In Shanghai, people walk along the embankment, look at the Pearl Tower, there are more monuments of Western culture there. Hainan Island is also popular, especially among residents of Siberia and the Far East. The sea there is very clean. There are many interesting delicacies, for example, candies made from shark meat. Other destinations are for more advanced tourists who are also interested in nature. For example, the province of Sichuan, where pandas live and there are national parks.

    Differences between Western and Chinese culture

    There are, and very strong ones. In China, they tend to be collectivist, not individualistic. We have the concept of conscience, and they have shame. This is a capacious topic, it is difficult to talk about briefly, but it can be outlined with a series of illustrations by Chinese artist Yan Liu.

    What was the last thing I read and watched?

    Our colleague Ivan Yuryevich Zuenko recently published a book, “China in the Era of Xi Jinping.” I read it and even attended the presentation.

    Because of my dissertation, everything is about China now, and I watch something to support Chinese. For example, the talk show “This is China” with Professor Zhang Weiwei and the program “Round Table” with the popular host Dou Wentao.

    Advice to young scientists

    Get involved in the scientific community early on, as talking to colleagues helps you understand early on what to watch out for and what new and interesting perspectives there are on the issues you’re studying.

    Try to publish and speak at conferences. The sooner you gain such experience, the easier it will be to move along this path. And for a sinologist, it is especially important to have your own knowledge base and know exactly where to find certain materials. Order disciplines and helps in scientific work.

    Favorite place in Moscow

    VDNKh. I lived there during my first year of graduate school, and often walked there. This place is associated with my first pleasant memories after moving to Moscow.

    Favorite places in Beijing

    First of all, Beihai Park. Chinese parks are different from ours. When I came there for the first time in the evening, I felt like I was in a fairy tale. I also love Houhai, it’s also in the center, a walking place around the lake. And Qianmen Street, it’s quite lively, there are a lot of Chinese eateries, street food.

    At first, I didn’t quite have the right idea of Beijing. I thought it was high-rise and modern. But if you travel around southern cities, you’ll notice that Beijing has many low buildings in the center and it’s not so densely built up. There are hutongs on Qianmen Street – ancient buildings. And a nice coffee shop called Metal Hands.

    Chinese cuisine

    I like it. I often ate xiao long bao (steamed meat buns like dumplings), malatan (a spicy soup where you put the ingredients yourself), and different types of beef noodles. Because of my Indian friends, I also fell in love with Indian food. But in general, there are a couple of places in Beijing where you can eat Russian food. When I started missing mashed potatoes with a cutlet, it was easy to get them.

    Where would I go in China

    See the natural attractions near the cities of Chengdu and Chongqing. You need to go there in a group and think everything through in advance. There are two large national parks near Chengdu. And next to Chongqing is the Wulong Karst geological park. And there is also a beautiful place Zhangjiajie, you also need to go there for five days, preferably with a group and a guide.

    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 Asia-Pac: US tech investment curbs rejected

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government today rejected a US measure restricting investment in China, including the Hong Kong SAR, on semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems.

    In a statement this evening, the Hong Kong SAR Government expressed strong objection to the US for intentionally targeting China and the Hong Kong SAR using various excuses out of political interests, causing damage to normal trade and investment activities as well as severely undermining the principles of a free market and economic order.

    The US will ultimately reap the consequences, in particular the impact on the trade surplus it has realised in bilateral trade with Hong Kong throughout the years, the statement added.

    It pointed out that in 2023, the US was Hong Kong’s third-largest trading partner, with the total merchandise trade value amounting to HK$472.2 billion or US$60.3 billion.

    Meanwhile, Hong Kong is the 27th largest trading partner of the US. As at end 2022, the US ranked sixth in inward direct investment (IDI) into Hong Kong, with an IDI stock of HK$351.4 billion, or US$45 billion.

    The US was placed eighth in outward direct investment (ODI) from Hong Kong, with an ODI stock of HK$164.2 billion, or US$21 billion.

    In addition, the US has realised a trade surplus of US$271.5 billion with Hong Kong during the past 10 years, the largest among its global trading partners.

    These figures demonstrate the close economic interaction between Hong Kong and the US, as well as the vast business interests of US businesses in Hong Kong, the Hong Kong SAR Government noted.

    It said US politicians once again have shown that they have acted out of their own political interests, causing damage to normal trade and investment, the free market and economic order.

    The so-called restriction not only causes damage to normal business activities between Hong Kong and the US, but also affects the stability of the global supply chain.

    Such a restriction, which would also harm US enterprises, as well as their business interests, and adversely impact bilateral economic activities, was politically driven and in nobody’s interest, it added.

    The Hong Kong SAR Government reiterated that it would work with our country to safeguard our national interests and protect the interests of Hong Kong enterprises.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE meets top ecology official

    Source: Hong Kong Information Services

    Chief Executive John Lee today met Leading Party Members Group of the Ministry of Ecology & Environment Secretary Sun Jinlong to exchange views on issues of mutual concern.

    Mr Lee welcomed Mr Sun’s visit with his delegation to attend the opening ceremony of the 19th Eco Expo Asia and to learn more about Hong Kong’s work in improving harbour water quality and waste management through site visits. 

    The Chief Executive also thanked the central government and the Ministry of Ecology & Environment for their strong support to the Hong Kong Special Administrative Region Government’s work in protecting the ecological environment.

    He said the Third Plenary Session of the 20th Central Committee of the Communist Party of China focused on achieving the objective of building a beautiful China by ramping up green transition in all areas of economic and social development and improving the environmental governance system.

    “The Hong Kong SAR Government will continue to work closely with the Ministry of Ecology & Environment and the governments of provinces and cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to promote environmental governance in the GBA, including improving water quality of Shenzhen River and enhancing regional air quality, in efforts to build a beautiful China and a beautiful Hong Kong.”

    Mr Lee also stated that the Hong Kong SAR Government will leverage the city’s unique advantages of enjoying strong national support while maintaining unparalleled connectivity with the world to introduce ecological protection and development technologies from the Mainland and internationally, with a view to establishing Hong Kong as a demonstration base for green technologies.

    He added that Hong Kong will play its role as a super connector and a super value-adder, combining its world-class professional services and advantages in financing to contribute to ecological protection and development.

    Secretary for Environment & Ecology Tse Chin-wan and Director of the Chief Executive’s Office Carol Yip also attended the meeting.      

    MIL OSI Asia Pacific News

  • MIL-OSI: Linklogis Releases Q3 Results: Transaction Volume Exceeds RMB100 Billion, Hitting a Record High

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, China, Oct. 29, 2024 (GLOBE NEWSWIRE) — On October 23, 2024, Linklogis Inc. (09959.HK, “Linklogis”) released its business update for the third quarter of 2024. In the third quarter of 2024, the total transaction volume processed by the technology solutions of Linklogis reached RMB105 billion, representing an 18% year-over-year growth, with the quarterly transaction volume surpassing RMB100 billion for the first time,  setting a new historical record. The company’s core growth driver, the Multi-tier Transfer Cloud, continued to excel, processing a total volume of supply chain assets of RMB47.7 billion, a year-over-year increase of 29%. Additionally, the ABS Cloud regained its growth momentum by launching new products, achieving an impressive 325% growth despite a challenging overall market environment.

    Linklogis is dedicated to high-quality development, prioritizing the enhancement of efficiency and quality in its core business. Linklogis continues to diversify its customer base while strategically optimizing its business structure by reducing low-margin product lines. In the third quarter, Linklogis’ revenue and income from principal activities saw year-on-year growth, accompanied by a notable improvement in gross profit margin.

    Focusing on Core Business Development, ABS Cloud Achieves 325% Growth Against Market Trends 

    In the third quarter of 2024, the total transaction volume processed by the technology solutions of Linklogis reached RMB105 billion, marking an 18% year-on-year increase. Within this, Anchor Cloud processed supply chain assets amounting to RMB64.4 billion, up 13% year-over-year, while FI Cloud handled supply chain assets totaling RMB34.6 billion, a 16% increase. Driven by a focused investment in its core business, the Multi-tier Transfer Cloud within the Anchor Cloud experienced robust growth, processing supply chain assets totaling RMB47.7 billion, a 29% rise year-over-year. Additionally, the ABS Cloud within the FI Cloud successfully launched new products to meet the increasing demand for diversified asset allocation in the current low-interest-rate environment. This initiative expanded services from upstream payable assets to downstream receivable assets, resulting in an impressive transaction volume of RMB22 billion for ABS Cloud in the third quarter, reflecting a remarkable 325% year-over-year growth and achieving success despite market challenges.

    In the third quarter of 2024, Linklogis successfully won bids for the development of the supply chain finance service platform for Yangtze River Industry Investment Group and Genertec Universal Medical Group. Additionally, Linklogis has partnered with several large enterprises and financial institutions, including Shandong Binzhou Urban Construction Group, Huayuan Landport Capital Operation, Hubei Wanchuan State-owned Capital Investment and Operation Group, Changsha Broad Homes Industrial Group, Huaxia Bank, and China Bohai Bank, to collaborate in the supply chain finance technology sector and launch the first batch of multi-tier transfer businesses.

    Linklogis accelerated its high-quality customer acquisition in the third quarter, adding 103 new customers and 184 partners, bringing the total number of customers to 959 and total partners to 2,270. This includes 1,917 anchor enterprises and 353 financial institutions. Notable new anchor enterprise customers include Wahaha Group, Jingye Group, Shanghai Electric Group, Yunnan Provincial Investment Holdings Group, and Yangtze River Pharmaceutical Group. Linklogis continues to expand and optimize its customer base, focusing on key industries such as infrastructure, construction, renewable energy, and public utilities, achieving a remarkable customer retention rate of 96%. 

    Acquisition of Bytter to Advance Treasury Development 

    According to the announcement on October 29, 2024, Linklogis has officially signed an equity acquisition agreement with the current controlling shareholder of Shenzhen Bytter Technology Co., Ltd. (“Bytter”) for the acquisition of 29.38% of its shares. Upon completion of the acquisition, Linklogis’s total shareholding will increase to 54.38%, making it the controlling shareholder of Bytter. The two companies will enhance their product offerings by integrating their core strengths in fund management and supply chain finance technology. Together, they aim to support state-owned enterprises as well as large and medium-sized private enterprises in building a world-class financial management platform. Linklogis will combine external mergers and acquisitions with internal growth to embark on a new chapter in the development of smart industry-finance treasury solutions.

    Linklogis is dedicated to enhancing shareholder returns through active share repurchases. As of the end of the third quarter of 2024, the company has repurchased 142 million shares for approximately HK$280 million. Moving forward, Linklogis will continue to monitor market trends, seize growth opportunities, and focus on sustainable high-growth core businesses. Linklogis aims to maintain rapid customer acquisition while steadily advancing in technological innovation and service expansion, striving to create long-term value for both customers and investors.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining can involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network

  • MIL-OSI: GDS Announces US$1.0 Billion Equity Raise By Its International Affiliate Led By Prestigious New US Investors

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) — GDS Holdings Limited (the “Company” or “GDSH”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited (“GDS International” or “GDSI”), which acts as the holding company for GDSH’s data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity investors (the “Investors”) to subscribe for US$1.0 billion of Series B convertible preferred shares (the “Series B”) newly issued by GDSI.

    GDS International was established in 2022 with its corporate headquarters in Singapore. Its portfolio currently comprises approximately 480 MW of data center capacity in service and under construction and an additional 590 MW held for future development across strategic locations in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo).

    The US$1 billion Series B investment is mostly comprised of new US investors, led by Coatue Management with substantial participation by The Baupost Group. Together with GDSI’s existing equity, the Series B raise will be sufficient to capitalize the development of up to 1 GW of total data center capacity.

    GDSH has determined not to exercise its pre-emption rights for the Series B equity raise. Post closing and on an as-converted basis, GDSH will own approximately 37.6% of the equity interest of GDSI in the form of ordinary shares. The value of GDSH’s equity interest in GDSI implied by the Series B subscription price is approximately US$1.3 billion, equivalent to approximately US$6.75 per American Depositary Share of GDSH. Post closing, GDSH will no longer consolidate GDSI for accounting purposes and GDSH will no longer have the right to appoint a majority of directors to the Board of GDSI.

    “I am delighted to announce this new capital raising for our international business,” said Mr. William Huang, Chairman and CEO of GDSH and Chairman of GDSI. “Within a short period of time, we have created new markets in and around Singapore-Johor-Batam which are attracting both regional and global hyperscale demand. We see tremendous opportunities for growth in these markets as well as in other new markets which we are currently evaluating. The Series B equity issue benchmarks significant incremental value creation for our shareholders. We look forward to further achievements by our international business as we take it to the next level.”

    “Data centers are mission critical infrastructure to support the future of AI and cloud,” said Philippe Laffont, Founder of Coatue. “We have been very impressed by the management team, and its capabilities to execute and expand the footprint of the business in such a short period of time. We are excited to work alongside management to expand GDSI into a global leading data center platform.”

    “GDSI has emerged as one of the most rapidly expanding data center platforms in the APAC region,” said Robert Yin, Partner at Coatue. “We believe GDSI is strategically positioned to capitalize on demand for future AI and hyperscale solutions, and we look forward to supporting the business in its continued expansion of next-generation infrastructure.”

    “As a shareholder of GDSH, we are extremely impressed with William and his team and GDSI’s ambitious and credible international expansion plan,” said Richard Carona, Partner, The Baupost Group. “We’re pleased to support their growth as part of this Series B financing.”

    The Closing is expected to occur as soon as the closing conditions provided in the definitive agreements are satisfied. It is expected that the Series B issuance will be exempted from registration under the Securities Act of 1933, as amended, (the “Securities Act”) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering or Regulation S under the Securities Act.

    The Series B shares and the ordinary shares deliverable upon conversion of the Series B shares have not been registered under the Securities Act or any state securities laws. They may not be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

    GDSI’s financial and legal advisors for this transaction are Morgan Stanley Asia Limited and White & Case, respectively. Latham & Watkins served as the legal advisor for Coatue.

    About GDS Holdings Limited

    GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in mainland China and, through an equity investment in its international affiliate, in Hong Kong and South East Asia. The Company’s facilities are strategically located in primary economic hubs where demand for high-performance data center services is concentrated. The Company also builds, operates and transfers data centers at other locations selected by its customers in order to fulfill their broader requirements. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 23-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations.

    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 “aim,” “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “guidance,” “intend,” “is/are likely to,” “may,” “ongoing,” “plan,” “potential,” “target,” “will,” and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings’ beliefs and expectations regarding the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings’ strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) on Forms 20-F and 6-K, in its current, interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings’ actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings’ goals and strategies; GDS Holdings’ future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China and South East Asia; GDS Holdings’ expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings’ expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the continued adoption of cloud computing and cloud service providers in China and South East Asia; risks and uncertainties associated with increased investments in GDS Holdings’ business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings’ ability to maintain or grow its revenue or business; fluctuations in GDS Holdings’ operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings’ business operations; competition in GDS Holdings’ industry in China and South East Asia; security breaches; power outages; and fluctuations in general economic and business conditions in China, South East Asia and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in GDS Holdings’ filings with the SEC, including its annual report on Form 20-F, and with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

    GDS Holdings Limited
    Laura Chen
    Phone: +86 (21) 2029-2203
    Email: ir@gds-services.com

    Piacente Financial Communications
    Ross Warner
    Phone: +86 (10) 6508-0677
    Email: GDS@tpg-ir.com
    Brandi Piacente
    Phone: +1 (212) 481-2050
    Email: GDS@tpg-ir.com

    The MIL Network

  • MIL-OSI Banking: Pan Gongsheng: Strike the right balance and pursue high-quality development of the Chinese economy

    Source: Bank for International Settlements

    Distinguished Party Secretary Yin Li, Mayor Yin Yong, Mr. Wang Jiang, Mr. Li Yunze, Mr. Wu Qing, Mr. Fu Hua, Mr. Zhu Hexin, and dear guests,

    Good morning!

    It is a great pleasure to attend the Financial Street Forum. I would like to take this opportunity to exchange views with you on three issues.

    I. Progress in implementing a package of incremental monetary policies

    According to arrangements of the CPC Central Committee, financial regulators announced a package of policies to support stable economic growth on September 24. The move attracted great attention and received extensive support. The day before yesterday, the PBOC, the National Financial Regulatory Administration (NFRA), and China Securities Regulatory Commission (CSRC) organized a meeting with major commercial banks, securities firms, and fund companies to make arrangements for prompt implementation of the package of policies. Here I would like to share with you our progress in implementing relevant policies.

    In terms of the required reserve ratio (RRR) and interest rate cut, on September 27, the RRR was cut by 0.5 percentage points, the 7-day reverse repo rate was cut by 0.2 percentage points, and the medium-term lending facility (MLF) rate was cut by 0.3 percentage points from 2.3 percent to 2 percent. We might further cut the RRR by 0.25-0.5 percentage points at proper time, depending on the market liquidity before the year-end. This morning, the commercial banks have announced to lower the deposit rates, and the loan prime rate (LPR) to be released on October 21 is also expected to drop by 0.2-0.25 percentage points. The four policies related to real estate finance have all been rolled out. Specifically, the adjustment of rates on existing housing loans is a policy to benefit people’s livelihood unveiled at the decision of the CPC Central Committee. It will benefit 50 million households, whose interest expenses will be reduced by about RMB150 billion each year. As for the two financial instruments to support stable development of the capital market, the PBOC has established a special working group together with the CSRC and NFRA. Securities, funds and insurance companies swap facility (SFISF) are now open to financial institutions for application. The policies related to special central bank lending for shares buyback and holdings increase have been officially released today for implementation.

    Since it was announced and implemented, the policy package has received positive feedback both at home and abroad. It has vigorously boosted social confidence and played an effective role in promoting stable economic and financial performance. We have taken three main factors into consideration while formulating these policies.

    First, given the current economic performance, we need to implement strong macro aggregate policies. Major problems in the current economic operation, as reflected at the macro level, are insufficient effective demand, weak social expectations and low prices. A common market view is that we need to launch strong macro policies. According to the arrangements of the CPC Central Committee, the PBOC has conducted in-depth researches and prepared policy plans in advance. Against this backdrop, the CPC Central Committee promptly made the decision to launch a package of incremental policies, which reflect its determination to secure the economy, stabilize expectations, boost consumption and benefit people’s livelihood. The market responded to the initiative positively.

    Second, the economy still faces some prominent challenges, which are mainly related to the real estate market and the capital market. Drawing on international experience and China’s practices in the past, we need to unveil targeted policies in response.

    In terms of the real estate market, the PBOC, based on its mandate, has improved four real estate finance-related policies, supporting risk defusing and sound development of the real estate market from a macro-prudential perspective.

    In terms of the capital market, the PBOC, together with the CSRC, has developed two instruments to facilitate the stable development of the capital market. The two instruments were designed completely based on market principles, and internationally there had been successful practices. Regarding the SFISF, the central bank does not provide fund support for the market directly, so it does not expand the central bank’s money supply and base money. The central bank lending for shares buyback and holdings increase is targeted. The credit funds must not enter the stock market in violation of financial regulation. This remains a red line. The two instruments showcase the efforts of the PBOC to expand and explore its mandate of maintaining financial stability. We will keep on cooperating with the CSRC to gradually improve the instruments in practice, and explore day-to-day institutional arrangements.

    Third, the central bank needs to observe and evaluate financial market risks, and adopt proper measures to cut off or moderate the accumulation of financial market risks from the perspective of macro-prudential management. Recently, the PBOC strengthened communications with the market on the long-term government bond yield. We aimed to contain the potential systemic risk derived from one-sided downward movement of long-term government bond yield driven by herd effect. The financial markets are highly sensitive, which means they rapidly react to and price in changes in policies and various factors. From a macro and in-depth point of view, the real economy and the capital market are interwoven and interactive. The valuation recovery helps the capital market to perform its functions of investment and financing. It breaks the vicious cycle of market slump and equity pledge risks, thus promoting the healthy development of listed companies, improving social expectations, and invigorating consumption and investment demand.

    II. The right balance and high-quality development of the Chinese economy

    The objective of macroeconomic adjustments is to calibrate the economic development trajectory in the short term, while that of reforms and economic restructuring focuses on the mid- to long-term, which is to achieve high-quality development and sustainable economic growth.

    Since the 18th National Congress of the CPC, General Secretary Xi Jinping and the CPC Central Committee have been highlighting the importance of improving the quality and benefits of economic growth. The 19th National Congress of the CPC made it clear that the Chinese economy had been transitioning from a phase of rapid growth to a stage of high-quality development. A requisite for China to adapt to the evolution of the principal contradiction facing the Chinese society, high-quality development focuses on addressing the problem of unbalanced and inadequate development, so as to better harmonize the major ratios in the national economy.

    In physics, balance means that an object remains relatively stable under the combined action of several forces. The right balance in economic development refers to a dynamic process of the interaction and improvement of various economic structures and ratios, and it is a common phenomenon in the economic development of various countries.

    Since the beginning of this century, the global economy has gone through three major balancing periods in which China were deeply engaged and made active contributions.

    The first period was between 2001 and 2007. After China’s accession to the WTO, its low cost factors fully integrated into the global industrial division of labour, which effectively expanded global supply, and enhanced the production efficiency. It helped to tame the global inflation and boost economic growth.

    The second period was between 2008 and 2017. After the Global Financial Crisis, the world economy featured “three lows and one high”, namely, low growth rate, low inflation, low interest rate, and high debt level. When the global demand was dampened, China took the initiative to vigorously boost domestic demand. The efforts helped spur the world economy and avoid its deflation. During the decade, China’s contribution to the world economic growth was stable at around 30 percent.

    The third period was after the outbreak of the COVID-19. Due to supply shocks and potent demand side stimulus, the global inflation once surged and stayed elevated. While China’s supply chain system remained stable, it helped to fill the global supply gap, presenting China’s sustained contribution to bringing down inflation and achieving economic balance in the world.

    The Chinese economy has also undergone profound restructuring and balancing processes. In recent years, with the deepening of supply-side structural reforms, the acceleration in the establishment of a new development paradigm, and the adoption of other strategic measures, China has made continued efforts to shift its economic growth model from the traditional focus on high-speed growth to an innovation-driven, quality- and efficiency-oriented mode. As a result, the quality and efficiency of supply have been improving while the value added of high-tech manufacturing has accounted for an expanding share. With the contribution from consumption continuously on the rise, consumption, investment, and net exports made up 56 percent, 42 percent, and 2 percent of China’s GDP in 2023, respectively, as compared with the corresponding data of 49 percent, 47 percent, and 4 percent in 2010.

    To promote high-quality economic development and sustainable growth, we need to strike the right balance in economic operation from the following three perspectives.

    First, we need to strike the right balance between the pace and quality of economic growth. Given the vast size of the Chinese economy, we need to keep economic growth at a reasonable rate in order to boost employment and people’s income. As the transformation of the economic development model and economic restructuring will likely affect economic growth in the short term, we need to strike the right balance, put effort into fostering the new drivers of economic growth, and firmly support stable economic growth so as to effectively upgrade and appropriately expand China’s economic output.

    Second, we need to strike the right balance between internal and external concerns in achieving economic growth. In recent years, the Chinese economy has seen effective improvements in its external equilibrium. China’s current account surplus-to-GDP ratio, which fell from around 10 percent in 2007 to approximately 2 percent in 2011, has stayed within an internationally accepted range of 1-2 percent in recent years. Currently, as international geopolitical tensions have led to economic deglobalization, international trade politicalization and instrumentalization, the world’s sustainable economic growth and welfare growth are facing obstacles. Upholding free trade and fair competition, we will remain committed to expanding two-way opening-up, and we will make better use of both domestic and international markets as well as their resources to further enhance the international competitiveness of Chinese enterprises and to accelerate the establishment of a new development paradigm.

    Third, we need to strike the right balance between investment and consumption. During past economic cycles in the history, we have confronted economic downward pressures mainly by boosting investment and maintaining supply-side productive capacity, which has played a significant and effective role. In pursuing high-quality development, we need to follow the direction of economic restructuring to adjust investments and channel more of them to areas such as sci-tech innovation and basic livelihoods. We will continue to apply a people-centered development philosophy, focus on raising household income, optimize the structure of fiscal expenditures, enhance the social security system, and promote consumption growth, thus giving rise to a virtuous cycle in which “government encourages consumption, consumption activates markets, markets lead businesses, and businesses expand investment”.

    To achieve the right balance in the economy, we need to deal with the following priorities. First, macro economic policies should pivot from over-emphasis on investment to both consumption and investment, with more focus on consumption. Second, the relationship between government and market should be handled in a more appropriate manner, which calls for a scientific management and balance of the boundaries between government and market, and an enhanced pertinence as well as targetedness of policies regarding market concerns. Third, reform and opening-up will be further deepened to foster a favorable economic environment based on the rule of law and to create a more equitable and vibrant market environment.

    III. The positive role the PBOC plays in serving high-quality development of the economy

    The PBOC is both a financial regulator and a supervisory authority of the macro economy. Focused on the primary mandate of serving high-quality development, we will intensify the counter-cyclical adjustments of monetary policies and macro-prudential policies, and enhance the precision and effectiveness of financial support policies, so as to create a sound monetary and financial environment for the stable growth and structural adjustments of the economy. We will steadily advance the financial opening-up at a high level and strike the right balance of the economy.

    First, we will further improve the monetary policy framework. I elaborated on the framework in Lujiazui Forum in June. Today, I would like to emphasize the following points. In terms of policy objectives, we will take reasonable prices rise as an important consideration, and give a bigger role to price-based policy tools, such as interest rate. In terms of policy implementation, we will enrich the monetary policy toolbox on an ongoing basis, make good use of structural monetary policy tools, and gradually increase transactions of government bonds in open market operations. The PBOC and the Ministry of Finance (MOF) have established a joint working group, and relevant institutional arrangements will be improved continuously. In terms of policy transmission, we will continue to enhance the transparency of monetary policies, improve the independent pricing capabilities of financial institutions, and heighten consistency with fiscal policies, industrial policies, and regulatory policies, in a bid to achieve a more efficient transmission of monetary policies.

    Second, we will provide more adaptive and targeted financial services to support economic restructuring and rebalancing. We will further intensify the macro credit management, continue to promote technology finance, green finance, inclusive finance, old-age finance and digital finance, and step up efforts to provide prime financial services for major national strategies, key areas and weak links. We will continue to build a financial market that is well-regulated, transparent, open, dynamic and resilient, and support developing diversified financing channels.

    The high-quality development is inseparable from sci-tech innovation. Modern sci-tech innovation projects are characterized by long investment cycle, huge investment, high risk and uncertainty. They call for diversified financial services. In particular, enterprises in seed stage and start-ups are highly reliant on equity financing. Therefore, active private equity investments (PEs) and venture capitals (VCs) are very important market participants. The PBOC will strengthen communication and cooperation with relevant authorities, improve the financial policies supporting sci-tech innovation, cultivate a financial market ecology that is conducive to sci-tech innovation, so as to continuously enhance the capacity, intensity and quality of financial support for sci-tech innovation.

    Third, we will improve the macro-prudential framework and the mechanism for systemic financial risk prevention and resolution. From a macro perspective, we will maintain a right balance between economic growth, economic restructuring and financial risk prevention, improve the system of risk monitoring, early warning and resolution, and enhance the financial stability guarantee system. We will closely watch the economic and financial performance, make timely counter-cyclical adjustments, and preemptively forestall and defuse systemic financial risks.

    Fourth, we will build a new and open financial system at a higher level. We will steadily expand the institutional opening-up of financial services and financial markets, expand the connectivity between domestic and overseas financial markets, facilitate trade, investment and financing. In line with the market-driven principle and based on the independent decision-making of market participants, we will make steady and solid progress in advancing RMB internationalization. We will take an active part in global economic and financial governance and cooperation, and promote the balanced and sustainable economic development of China and the world as a whole.

    Last but not least, I’d like to wish this forum a complete success! Thank you!

    MIL OSI Global Banks

  • MIL-OSI Global: On foreign policy, Trump opts for disruption and Harris for engagement − but they share some of the same concerns

    Source: The Conversation – USA – By Garret Martin, Senior Professorial Lecturer, Co-Director Transatlantic Policy Center, American University School of International Service

    Who will represent the U.S. better on the global stage? Justin Sullivan/Getty Images

    According to conventional wisdom, U.S. voters are largely motivated by domestic concerns and especially the economy.

    But the upcoming presidential election may be somewhat of an outlier. In a September 2024 poll, foreign policy actually ranks quite high in voters’ concerns – with more Democrats and Republicans combined saying it was “very important” to their vote than, say, immigration and abortion.

    As such, understanding where Republican presidential nominee Donald Trump and Democratic rival Kamala Harris stand on the significant international issues of the day is important. And we can do so by looking at the records of their respective administrations in the three regions they prioritized: the Indo-Pacific, Europe and the Middle East.

    Donald Trump: Disrupter-in-chief

    In his 2017 inaugural address, Trump painted a dark picture of the U.S. In his telling, his country was being taken advantage of by other nations, especially in trade and security, while neglecting domestic challenges.

    To disrupt this, Trump promised an “America First” approach to guide his administration.

    And in practice, his foreign policy certainly proved disruptive. He showed a clear willingness to buck traditions and undid some of former President Barack Obama’s signature policies, such as the Iran nuclear deal, which exchanged sanctions relief for restrictions on Tehran’s domestic nuclear program, and the Trans-Pacific Partnership trade agreement.

    In so doing, he ruffled the feathers of allies and foes alike.

    Trans-Atlantic relations were tense under Trump, especially because of his hostility toward NATO. After deriding the Atlantic alliance on the campaign trail, Trump stuck to the same tune while in office. He routinely insulted allies at high-level summits and allegedly came close to withdrawing from the alliance altogether in 2018.

    While NATO did make inroads in bolstering its Eastern flank in that period, the alliance was primarily defined by internal turmoil and limited cohesion during Trump’s time in office. U.S. relations with the European Union hardly fared better. In 2018, the U.S. imposed steel and aluminum tariffs on the European Union, citing national security concerns.

    Trump also broke with previous U.S. presidents in his administration’s Asia policy. One of his first moves in 2017 was to abandon the Trans-Pacific Partnership, a trade deal negotiated by Obama. Trump’s late 2017 national security strategy also announced a major shift toward China, labeling it as a “strategic competitor” – implying a greater emphasis on containing China as opposed to cooperating with it.

    This hawkish turn played out especially in the field of trade. Trump’s administration imposed four rounds of tariffs in 2018-19, affecting US$360 billion of Chinese goods. Beijing, of course, responded with tariffs of its own. The two countries did sign a so-called phase-one deal in January 2020 that sought to lower the stakes of this trade war. But the COVID-19 pandemic nullified any chance of success, and relations soured further with each Trump utterance of the pandemic being a “Chinese virus.”

    Trump showcased somewhat contradictory impulses toward the Middle East and other issues. He pushed for disengagement and to undo Obama’s major policies. Besides withdrawing from the Paris climate accords in 2017, Trump abandoned the Iran nuclear deal in 2018. His administration also signed a deal to end the U.S. presence in Afghanistan, and it withdrew forces from northern Syria.

    But at the same time, Trump continued the bombing campaign against the Islamic State group in Syria and Iraq and authorized the killing of Iranian Gen. Qasem Soleimani in 2020. The latter was consistent with a policy that aimed to pressure and isolate Iran economically and diplomatically. The key example of the diplomatic pressure came through especially via the Abraham Accords through which Trump helped facilitate the establishment of normal diplomatic ties between Israel and the UAE, Bahrain and Morocco.

    Kamala Harris: Alliance and engagement

    Although not taking a driving role in foreign policy, Harris has been part of an administration that has committed the U.S. to repairing alliances and engaging with the world.

    This came across by undoing some major actions from the Trump administration. For example, the U.S. quickly rejoined the Paris climate accords and overturned a decision to leave the World Health Organization.

    But in other areas, the Biden administration has shown more continuity with Trump than many expected.

    For instance, the U.S. under Biden has not fundamentally deviated from strategic competition with China, even though the tactics have differed a little. The administration maintained Trump’s tariff approach, even adding its own targeted rounds against Beijing on electric vehicles.

    Moreover, it cultivated different diplomatic platforms in the Indo-Pacific to act as a counterweight to China. This included the cultivation of the Quad dialogue with Australia, India and Japan, and the AUKUS deal with Australia and the U.K., both of which attempted to further the Biden administration’s strategy of containing China’s influence by enlisting regional allies. Finally, the Biden administration did maintain some channels of communication with China at the highest level as well, with Biden meeting Xi Jinping twice during his presidency.

    Ukraine President Volodymyr Zelenskyy walks alongside Vice President Kamala Harris at the White House compound on Sept. 26, 2024.
    Tom Brenner/Getty Images

    The Biden administration’s Middle Eastern policy displayed significant continuity with Trump’s approach – at first. While it turned out to be chaotic, the U.S. completed the withdrawal of its troops from Afghanistan in summer 2021, as had been agreed under Trump. The Biden administration also embraced the format and goals of the Abraham Accords. It even tried to build on them, with the goal of fostering Israeli-Saudi diplomatic ties.

    Of course, the attacks of Oct. 7, 2023, in Israel completely changed the equation in the Middle East. Preventing the spiral of violence in the region has become an all-consuming task. Since then, Biden and Harris have tried, largely unsuccessfully, to balance support for Israel with mediation efforts to liberate the hostages and to ensure a cease-fire.

    Trans-Atlantic relations, however, are an area where there were marked differences in the past four years. The tone of the Biden-Harris administration has been in sharp contrast with that of Trump, reaffirming frequently its clear commitment to NATO. And once Russia launched its illegal invasion in February 2022, the U.S. placed itself at the forefront of supporting Ukraine.

    Harris has suggested that she would continue Biden’s policy of providing Kyiv with extensive and continuous military support. In conjunction with allies, the White House of Biden and Harris also implemented a broad range of sanctions against Russia. But the U.S. under Biden has not yet been willing to support Ukraine’s immediate entry into NATO.

    What next?

    Based on their records, what could we expect of a Trump or Harris presidency?

    It’s unlikely either candidate will abandon strategic competition with China. But Trump is more likely to seriously escalate the trade war, promising extensive tariffs against Beijing. Trump’s commitment to defending Taiwan is also more ambiguous in comparison with Harris’ pledges.

    U.S. policy toward Europe will largely depend on the results of the election. Harris has frequently underlined her steadfast support for NATO, as well as for Ukraine. Trump, on the other hand, is showing signs that he is unwilling to further aid the regime in Kyiv.

    And for the Middle East, it remains to be seen whether either Trump or Harris would be able to better shape events in the region.

    Garret Martin receives funding from the European Union for the research institute he co-directs, the Transatlantic Policy Center.

    ref. On foreign policy, Trump opts for disruption and Harris for engagement − but they share some of the same concerns – https://theconversation.com/on-foreign-policy-trump-opts-for-disruption-and-harris-for-engagement-but-they-share-some-of-the-same-concerns-238847

    MIL OSI – Global Reports

  • MIL-OSI China: Ya’an City in SW China makes full use of strategic position to develop local tourism

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

    Ya’an City in SW China makes full use of strategic position to develop local tourism

    Updated: October 29, 2024 20:21 Xinhua
    This aerial drone photo taken on Oct. 27, 2024 shows a base camp for road trips along the National Highway 318 at the Tianquan highway service area in Ya’an City, southwest China’s Sichuan Province. The Sichuan-Xizang highway connecting southwest China’s Sichuan Province and the Xizang Autonomous Region serves as the artery linking the plateau region and the country’s inland areas. It is an important part of the National Highway 318 (coded G318), known for steep mountains and rugged terrain through which it winds, and has been bustling with travelers and adventure lovers. In recent years, Ya’an City has made full use of its strategic position along the G318 highway to develop local tourism and enable better experience for tourists. [Photo/Xinhua]
    This drone photo taken on Oct. 27, 2024 shows the Feixian’guan suspension bridge (front) and the newly built Feixian’guan bridge (back) in Lushan County, Ya’an City, southwest China’s Sichuan Province. [Photo/Xinhua]
    This aerial drone photo taken on Oct. 27, 2024 shows one section of the Sichuan-Xizang highway in Ya’an, southwest China’s Sichuan Province. [Photo/Xinhua]
    This drone photo taken on Oct. 27, 2024 shows a highway service area near the Feixian’guan bridge in Lushan County, Ya’an City, southwest China’s Sichuan Province. [Photo/Xinhua]
    Tourists pose for photos in an exhibition space introducing the National Highway 318 in Ya’an, southwest China’s Sichuan Province, Oct. 27, 2024. [Photo/Xinhua]
    Tourists visit an exhibition space introducing the National Highway 318 in Ya’an, southwest China’s Sichuan Province, Oct. 27, 2024. [Photo/Xinhua]
    Tourists visit an exhibition space introducing the National Highway 318 in Ya’an, southwest China’s Sichuan Province, Oct. 27, 2024. [Photo/Xinhua]
    This drone photo taken on Oct. 27, 2024 shows tourists posing for photos with a mark of the National Highway 318 at Tianquan highway service area in Ya’an City, southwest China’s Sichuan Province. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: China to roll out gradient cultivation system for smart factories

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

    BEIJING, Oct. 29 — China will conduct a gradient (progressive) cultivation campaign for the country’s smart factories, according to a circular.

    The circular, jointly issued by the Ministry of Industry and Information Technology (MIIT) and five other government authorities, stated that gradient cultivation for the smart factories will be carried out at four levels.

    Since the beginning of the 14th Five-Year Plan (2021-2025) period, departments including the MIIT have implemented an intelligent manufacturing project, successfully cultivating a number of high-level and iconic smart factories.

    The project has also motivated more than 10,000 manufacturers around the country to carry out the construction of digital workshops and smart factories.

    Establishing the gradient cultivation system for smart factories will drive the formation of a safe, controllable and complete high-level supply system for the intelligent manufacturing sector. It will also help establish more complete intelligent manufacturing standards and an evaluation system, the ministry said.

    MIL OSI China News

  • MIL-OSI Global: Corporate social responsibility disclosures are a double-edged sword, new research suggests

    Source: The Conversation – USA – By Vivek Astvansh, Associate Professor of Quantitative Marketing and Analytics, McGill University

    Hoping to win over customers, businesses from Amazon to Zoom have taken to touting their good deeds in corporate social responsibility reports.

    CSR reports let companies spotlight what they’ve done for workers, consumers, communities and the environment – essentially all their goals beyond simply making a profit. Research shows that CSR statements are linked to rising sales.

    As a marketing professor, I thought that raised an interesting question: When companies find success with CSR disclosures, are they bringing in new customers – or are their extra sales coming from their existing base alone?

    In a recent study of several hundred Chinese companies, a colleague and I put the question to the test. We found that a CSR disclosure lowers a business’s dependence on current customers by 2.1%.

    That’s welcome news for businesses. It means those additional sales are coming from new customers, who are indeed impressed by the company’s CSR efforts.

    But the findings weren’t all positive.

    To sell more products, companies generally need to buy more supplies. So a logical follow-up question is: Does a company’s CSR disclosure lead it to source purchases from new suppliers?

    In fact, we found the opposite. Companies that released CSR disclosures seemed to scare away new suppliers. This is probably because suppliers often bear the costs when a company chooses to prioritize social responsibility.

    Becoming dependent on suppliers comes at a cost to businesses. When suppliers know a company depends on them, they tend to demand payment in cash rather than credit. That can hurt a company, because it now has less cash for investments.

    So while CSR reports impress customers, they appear to antagonize suppliers – and that comes at a price.

    Why it matters

    Prior research has shown that CSR disclosures can boost sales, but it’s long been unclear whether these additional sales are sourced from old customers or newly acquired ones. Our work brings clarity that businesses can use in making decisions.

    The findings are also of interest to lawmakers, regulators and corporate responsibility advocates who are debating making CSR reports mandatory.

    The U.S. doesn’t require businesses to release CSR reports, but some countries do. One is China, which in 2008 mandated that all public companies submit annual CSR reports starting in 2009. This created the conditions for the nearly natural experiment we conducted.

    Interestingly, the U.S. Securities and Exchange Commission has reportedly considered making some form of corporate social responsibility reporting mandatory. In the absence of requirements, many American corporations will continue to voluntarily report their CSR.

    In other words, the need for empirical evidence on the cost and benefits of CSR disclosure is greater than ever.

    What’s next

    The increasing incidence of extreme weather events and weather-related fatalities and injuries has piqued my interest in environmental responsibility. I have two ongoing research projects.

    First, I’m using a company’s public disclosures to measure its environmental risks and the activities it has undertaken to mitigate them. Second, I am researching how CEO incentives shape a company’s environmental disclosure, activities and spending – or the lack thereof.

    The Research Brief is a short take on interesting academic work.

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

    ref. Corporate social responsibility disclosures are a double-edged sword, new research suggests – https://theconversation.com/corporate-social-responsibility-disclosures-are-a-double-edged-sword-new-research-suggests-241540

    MIL OSI – Global Reports

  • MIL-OSI Europe: ASIA/CHINA – World Missionary Month in Chinese Catholic communities

    Source: Agenzia Fides – MIL OSI

    Beijing (Agenzia Fides) – Prayers for peace in the world, donations for the mission, works of charity, pilgrimages, concerts and theatrical performances and sporting events. The participation of many Chinese Catholic communities in initiatives and moments of community during the World Missionary Month in October, which the Church dedicates in a special way to mission throughout the world was spontaneous and creative.The highlight of World Missionary Month in China was also World Mission Sunday, celebrated on the penultimate Sunday of the month (this year on Sunday 20 October). On that day, many parishes held the “Collection for the Missions” (which in China is carried out in addition to the usual collection of funds for charitable and missionary works on Palm Sunday). In the homilies of many priests, reference was made to the history and spirit of World Missionary Sunday, recalling the mandate of witness and proclamation of the Gospel that Jesus entrusted to all his disciples.On Sunday, October 27, a total of 26 priests, nuns and lay people from the Tangshan community took part in the “Tangshan Marathon 2024”. In the midst of 20,000 participants from 13 countries around the world, the Catholic marathon runners of Tangshan wanted to offer a simple public witness of the faith that unites them and drives them to proclaim the Gospel with perseverance and endurance, sharing with everyone the difficulties, joys and encounters along the way, as happens in a marathon.In the parish of Hushan (diocese of Ningbo), a play inspired by biblical themes was performed on the occasion of World Mission Sunday, also to celebrate 30 years of Bible courses in the parish and the Year of Sacred Scripture in the diocese. On Saturday, October 19, a concert centered on the devotion to Our Lady entitled “Our Lady of the Rosary” was organized at the Cathedral of the Diocese of Zhengding (Shijiazhuang) to encourage the baptized to follow in Our Lady’s footsteps and to become missionaries.On the last weekend of World Mission Month, the youth group of the Shanghai Cathedral made a pilgrimage to Suzhou Cathedral, where they prayed together with the local community. The youth of the parish of Lucheng (Diocese of Wenzhou) also made a pilgrimage along the Way of Our Lady of the Rosary, meeting a group of Dominican sisters at the Shrine in Fujian Province to pray the Rosary together.Fifteen Chinese bishops took part in the spiritual retreat on the theme of “Synodality and Encounter with the Lord” held at the National Seminary in Beijing during the World Mission Month, in the spirit of fraternal communion.In October, priestly ordinations were celebrated in the dioceses of Taizhou and Chifeng (Inner Mongolia), while nuns made their final vows in the diocese of Wuhan (Hubei province).On the occasion of the Feast of the Elderly, which in China falls during the World Mission Month (October 11), both parishes and communities of nuns organized moments of gathering with the elderly to show them the communities’ gratitude for the witness of faith they give in the circumstances of daily life. Throughout the World Mission Month, prayers for peace were held in the churches, often combined with the daily recitation of the Rosary. The communities also accepted Pope Francis’ invitation to participate in the day of prayer and fasting for peace, asking for the gift of peace and an end to conflicts in the world. (NZ) (Agenzia Fides, 29/10/2024)
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    MIL OSI Europe News

  • MIL-OSI China: Xi holds talks with Finnish president

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

    BEIJING, Oct. 29 — Chinese President Xi Jinping held talks with Finnish President Alexander Stubb in Beijing on Tuesday.

    Xi noted that Finland was one of the first Western countries to establish diplomatic ties with the People’s Republic of China and the first Western country to sign an intergovernmental trade agreement with China.

    Since the establishment of diplomatic ties, China and Finland have always enjoyed friendly relations based on mutual respect and trust, setting a fine example of state-to-state relations that transcends historical, cultural and institutional differences, and promotes equal exchanges, Xi said.

    “As the world is undergoing accelerated changes unseen in a century and the risks and challenges facing human society are increasing, the future-oriented new-type cooperative partnership between China and Finland holds exceptional value and should be cherished and advanced,” Xi said.

    China is willing to work with Finland to strengthen strategic cooperation, carry forward friendly traditions, and further advance this cooperative partnership to better benefit the two countries and peoples and make new contributions to world peace and development, Xi added.

    MIL OSI China News

  • MIL-OSI China: China to experience warmer November: meteorologist

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

    BEIJING, Oct. 29 — Most parts of China are expected to register above-normal temperatures in November this year, according to the National Climate Center on Tuesday.

    Specifically, temperatures in parts of northeastern, northwestern, northern and eastern China will be notably higher next month, said Jia Xiaolong, deputy head of the center, at a press conference.

    High temperatures, dry and windy weather and less precipitation will increase the risks of meteorological drought, as well as forest and grassland fires in parts of eastern and central China, as well as Yunnan Province in the southwest, said Jia.

    Provincial-level regions of Inner Mongolia, Heilongjiang, Xinjiang, Jiangsu, Shanghai, Zhejiang and Hainan will see more rainfall in November, said Jia.

    He advised areas expecting more precipitation in November to take preventive measures against the adverse effects of low temperatures and rain and snow-related disasters on transportation, energy, electricity and people’s health.

    MIL OSI China News

  • MIL-OSI Security: NMRTC Twentynine Palms Sailors prepare for Keen Sword exercise in Japan

    Source: United States Navy (Medical)

    As U.S. forces gear up for the latest iteration of Keen Sword, Navy personnel from across the globe are preparing for one of the largest bilateral military exercises between the United States and Japan.

    Among those participating are Sailors from Navy Expeditionary Medical Facility (EMF) Bravo, currently stationed at Navy Medicine Readiness and Training Command (NMRTC) Twentynine Palms. These Sailors will provide essential medical support throughout the exercise, ensuring operational readiness extends to medical care in the field. Their involvement highlights the critical role that medical teams play in maintaining the health and effectiveness of deployed forces.

    The Oct. 23 to Nov. 1 exercise, aimed at testing operational readiness and strengthening combat interoperability, will bring together key military assets from both nations for a coordinated effort in maintaining regional security.

    Since 1986, Keen Sword has brought together thousands of American and Japanese service members to train for potential real-world conflicts, with a specific focus on joint operations. The exercise serves as a platform for the U.S. military to work alongside Japan’s Self-Defense Forces in a simulated, yet highly realistic, mass casualty environment.

    One of the many Sailors participating in the exercise is Hospital Corpsman 1st Class (HM1) Raymond Black from Colorado City, Arizona, a biomedical equipment repair technician. Black explained that the primary role of his team during the exercise is to set up and maintain a field hospital capable of receiving casualties in the event of an emergency.

    “Much of the operation will be conducted by the Navy on ships, but our role will be setting up the field hospital to be on standby for patient evacs,” said Black. “That way if this were a real-world event, we would be prepared to receive casualties.”

    The medical team participating in Keen Sword includes a wide variety of specialties, bringing together a broad range of medical expertise to support the mission effectively.

    “It’s pretty much anything you’d need,” Black expressed. “We’ve got biomeds like myself. We’ve got radiology. We’ve got preventative medicine. We’ve got a surgical team, admin — we’re going to be basically a full hospital.”

    Black, a seasoned biomed, has extensive experience serving overseas, having deployed to Iraq twice and Kuwait once. His deployments have given him a unique perspective on the challenges of maintaining and repairing medical equipment in a field setting.

    “Trying to perform maintenance and repairs while deployed is significantly harder,” Black said. “You might have to wait weeks for parts, or the equipment could be so old that they don’t make parts for it anymore. That experience helps me prepare for the unexpected challenges we might face in this exercise.”

    Lieutenant Junior Grade Belinda Larche, a patient administration officer originally hailing from Cameroon emphasized the importance of the exercise in evaluating readiness.

    “Keen Sword is designed to assess EMF Bravo’s ability to deploy within 10 days and provide Role III healthcare support in an austere environment,” she said.

    Larche, who has previously served overseas as a medical regulator (MEDREG) in Iraq, believes the skills she gained from her deployments will be critical during Keen Sword.

    “I served in Iraq as the MEDREG of 28 Joint and 9 Coalition Units across the Combined Joint Task Force Area of operations in the U.S. Central Command (CENTCOM),” Latched explained. “As the MEDREG for Navy Expeditionary Medical Unit Role-2E, I led a team of three medical operations personnel in executing 25 urgent, priority, and routine intra and inter-theater medical evacuations. I believe the skills I honed during that mission will greatly assist me and my team to accomplish Keen Sword successfully.”

    One of the less visible but equally essential roles during the exercise will be filled by Information Systems Technician 3rd Class Christopher Logan from Long Beach, California. Logan’s responsibilities include ensuring communication systems are fully operational, allowing seamless coordination during medical evacuations.

    “I am going to help run the systems, make sure that nothing goes down, and try to maintain network stability as a system administrator,” Logan said. “We’ll also be setting up communications so we can transmit medical information and better coordinate patient care.”

    HM1 Isai Lopez, a surgical technician from Florida, will assist in setting up and maintaining a sterile environment for potential surgeries. Lopez, who has previously served at NMRTC Rota and aboard the USS Essex, emphasized the value of training in realistic environments.

    “In this exercise, we have the privilege of training to receive patients in a mass casualty situation for multiple days to create the stressful environment the medical force may receive in a real-life scenario. This allows us to find ways to be as efficient as possible,” Lopez said. “It’s crucial that this isn’t the first time we’re exposed to these situations. The way this (exercise) becomes most effective is for those attending Keen Sword to share their experience with every Sailor.”

    Black also highlighted the exercise’s value for further bolstering strategic interoperability with Japan.

    “Keen Sword helps us work out problems so we can operate smoothly with our Japanese allies,” he said. “Because, with any operation, the main issue is always communications — who’s doing what, what needs to happen, and when. The goal is to make sure that, if a conflict arises, these questions are already answered to the point that we’re fully ready.”

    Keen Sword, which occurs every two years, reflects the ongoing commitment of the U.S. and Japan to maintain regional stability in the Indo-Pacific. This year’s exercise comes amid growing concerns about the security dynamics in the region, particularly with China’s increasing military presence.

    “We need to be prepared for anything,” Black added. “That’s why exercises like Keen Sword are so important.”

    MIL Security OSI