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Category: China

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • MIL-OSI Russia: Youth delegation from Russian sister city visited Weihai

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 15 (Xinhua) — A youth delegation from Russia’s sister city of Sergiev Posad recently visited Weihai City in east China’s Shandong Province, learning about modern science and traditional culture at the Weihai Branch of Harbin Institute of Technology and an intangible cultural heritage exhibition at the city’s cultural center.

    According to the Weihai City Government website, the Weihai Branch of Harbin Institute of Technology held a robotics technology seminar, where participants visited laboratories, demonstrated developments, and exchanged experiences. At the intangible cultural heritage exhibition, delegates studied in detail the technique of making sea grass houses, observed the craftsmanship of making tin inlay, admired the art of making colorful steamed buns “bobo” and the beautiful performance of the traditional dance “yangge” of Rushan City, deeply feeling the historical and cultural heritage of the region.

    A spokesperson for the Weihai Municipal Foreign Affairs Office stressed the city’s intention to deepen the “sister city” cooperation model, using people-to-people and cultural exchanges to promote multilateral cooperation and create a new high of high-level openness.

    Sergiev Posad, one of the famous “Golden Ring cities” of Russia and an important industrial, scientific and agricultural center of the Moscow region, established sister city relations with Weihai in September 2023. Since then, the cities have successfully held a dialogue on trade and economic cooperation “Silk Road Cities: Weihai-Sergiev Posad”, organized an exhibition “Weihai Meets Russia: Cultural Features of Sister Cities”, and implemented a series of projects in the fields of education, culture and tourism. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI China: Xi meets Russian FM in Beijing

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

    Chinese President Xi Jinping meets with Russian Foreign Minister Sergey Lavrov at the Great Hall of the People in Beijing, capital of China, July 15, 2025. [Photo/Xinhua]

    BEIJING, July 15 — Chinese President Xi Jinping said Tuesday that China and Russia should bolster mutual support within multilateral frameworks, safeguard their development and security interests, unite the Global South countries, and push the international order toward a more just and equitable direction.

    Xi made the remarks during his meeting with Russian Foreign Minister Sergey Lavrov in Beijing, calling on both sides to support each other in steering the development direction of the Shanghai Cooperation Organization (SCO), injecting new momentum into the SCO, and making the strategic platform more substantive and stronger.

    MIL OSI China News –

  • MIL-OSI Russia: ExxonMobil has begun operating a major chemical complex in southern China /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    GUANGZHOU, July 15 (Xinhua) — Energy giant ExxonMobil on Tuesday commissioned its flagship chemical complex in southern China, the first major petrochemical project in the country that the U.S. company has wholly owned.

    The move underscores ExxonMobil’s confidence in the world’s second-largest economy and comes amid China’s ongoing efforts to promote high-level opening-up and attract foreign investment.

    The first phase of the project, located in the Dayawan Petrochemical Industrial Park in Huizhou City, Guangdong Province, southern China, includes a flexible feedstock steam cracker with an annual capacity of 1.6 million tons of ethylene, a key ingredient in the production of plastics and fibers used in a wide range of products such as packaging.

    The site also houses production facilities for high-performance polyethylene and polypropylene.

    At the launch ceremony, ExxonMobil Senior Vice President Jack Williams called the complex a “new chapter” in the company’s long history in China and said the project would be a key element in developing a powerful petrochemical industry in Guangdong Province.

    Construction of the complex in Huizhou began in April 2020 and includes two stages. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI China: Xi meets Australian PM in Beijing

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

    Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese, who is on an official visit to China, at the Great Hall of the People in Beijing, capital of China, July 15, 2025. [Photo/Xinhua]

    BEIJING, July 15 — Chinese President Xi Jinping met with Australian Prime Minister Anthony Albanese in Beijing on Tuesday.

    Xi once again congratulated Albanese on his re-election. He said that with the joint efforts of both sides, China-Australia relations have emerged from their low point and achieved a turnaround in recent years, bringing tangible benefits to the people of both countries.

    The most important insight this gives us is that treating each other as equals, seeking common ground while shelving differences, and engaging in mutually beneficial cooperation serve the fundamental interests of both China and Australia and the two peoples, Xi said.

    Noting that the China-Australia comprehensive strategic partnership has entered its second decade, Xi said China stands ready to work with Australia to further advance their relations for sound development to bring greater benefits to the two peoples.

    Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese, who is on an official visit to China, at the Great Hall of the People in Beijing, capital of China, July 15, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Russia: V. Zelensky held telephone conversations with the US President and NATO Secretary General

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    Kyiv, July 15 /Xinhua/ — Ukrainian President Volodymyr Zelensky said on Telegram on Tuesday night that he had telephone conversations with US President Donald Trump and NATO Secretary General Mark Rutte.

    According to V. Zelensky, during the conversation with the head of the White House, issues such as strengthening the air defense system of Ukraine, etc. were raised.

    The parties also agreed to call each other more often and continue to coordinate their steps.

    During the conversation with M. Rutte, V. Zelensky thanked the allies for their willingness to provide Ukraine with additional Patriot air defense systems. According to him, the United States, Germany and Norway are working together on this issue.

    Separately, the NATO Secretary General informed V. Zelensky about the details of his talks with D. Trump and cooperation between Europe and the United States to increase support for Ukraine. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: UN Security Council extends mandates of missions in Haiti and Yemen

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    UNITED NATIONS, July 15 (Xinhua) — The Security Council on Monday adopted two separate resolutions to extend the mandates of U.N. missions in Haiti and Yemen.

    Resolution 2785 extends the mandate of the UN Integrated Office in Haiti for six and a half months, until 31 January 2026. The document expresses the Security Council’s intention to consider the UN Secretary-General’s recommendations of February 2025 regarding options for a possible UN role in Haiti, in particular the establishment of a UN office to provide logistical and operational support to the multinational police force in Haiti.

    In accordance with resolution 2786, the mandate of the UN Mission to Support the Implementation of the Hodeida Agreement (UNMHA) is extended for six and a half months, until 28 January 2026.

    The resolution expresses the intention of the Security Council to consider the full range of options for the UNMHA mandate, including an assessment of the future viability and completion timeframe of the mission, and to make any necessary adjustments to improve efficiency, reduce costs, etc., as may be required in connection with developments on the ground, including a durable ceasefire throughout the country.

    The document calls on UN Secretary-General António Guterres to submit a further review of UNMHA to the Security Council by 28 November 2025.

    Both resolutions were adopted unanimously. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Agreement between Kazakhstan and China on simplifying customs procedures demonstrates the potential of the SCO – Kazakh expert

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    Astana, July 15 (Xinhua) — The agreement between Kazakhstan and China on simplifying customs procedures demonstrates the potential of the SCO as a platform for testing and implementing advanced solutions, Gulnar Shaimergenova, director of the Kazakhstan Center for China Studies, said at the 2025 SCO Think Tank Forum in Shanghai.

    In her speech, she emphasized the importance of expanding joint educational programs, including organizing schools for young leaders and retraining courses for civil servants in the field of sustainable development and digital governance at SCO universities.

    G. Shaimergenova also noted the need for legal harmonization, proposing to develop a model law for cross-border arbitration and unified law enforcement, which would simplify the interaction of businesses and institutions in the SCO space.

    In addition, she stressed the importance of active integration of business, banks and investors into SCO projects, as well as the need for synergy between regional and global initiatives, support for UN reforms and the promotion of the principles of justice, inclusiveness and sovereign equality in international affairs. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: US tech giant Nvidia CEO praises China’s AI development

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 15 (Xinhua) — U.S. tech giant Nvidia CEO Jensen Huang praised China’s rapid progress in artificial intelligence (AI) during his visit to Beijing on Tuesday, calling the Chinese market “big” and “dynamic.”

    “AI is growing very fast in China,” Jensen Huang said in an interview, highlighting China’s thriving AI ecosystem and pointing to the abundance of startups and large cloud service providers.

    He added that China has a strong talent pool, noting that the country is home to 50 percent of the world’s artificial intelligence researchers.

    “AI is everywhere, from consumer apps, online shopping, grocery delivery to self-driving cars and other incredible applications,” added Jensen Huang.

    He said he was “very happy” to see the development of artificial intelligence in China, citing the high level of education in science and mathematics.

    On Wednesday, Jensen Huang will attend the opening ceremony of the 3rd China International Supply Chain Exposition (CISCE) and participate in related activities. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI China: Announcement on Open Market Outright Reverse Repo Tenders No.3 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Outright Reverse Repo Tenders No.3 [2025]

    (Open Market Operations Office, July 14, 2025)

    In order to keep liquidity adequate in the banking system, the People’s Bank of China will conduct outright reverse repo operations in the amount of RMB1400 billion on July 15, 2025 through variable-rate tenders with a fixed quantity and multi-price auctions.

    Details of the Outright Reverse Repo Operations

    Maturity

    Volume

    3 months (91 days)

    RMB800 billion

    6 months (182 days)

    RMB600 billion

    Date of last update Nov. 29 2018

    2025年07月14日

    MIL OSI China News –

  • MIL-OSI China: Announcement on Open Market Operations No.134 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.134 [2025]

    (Open Market Operations Office, July 15, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB342.5 billion through quantity bidding at a fixed interest rate on July 15, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB342.5 billion

    RMB342.5 billion

    Date of last update Nov. 29 2018

    2025年07月15日

    MIL OSI China News –

  • MIL-OSI China: Announcement on Open Market Operations No.134 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.134 [2025]

    (Open Market Operations Office, July 15, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB342.5 billion through quantity bidding at a fixed interest rate on July 15, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB342.5 billion

    RMB342.5 billion

    Date of last update Nov. 29 2018

    2025年07月15日

    MIL OSI China News –

  • MIL-OSI China: Xi addresses Central Urban Work Conference, listing priorities for urban development 2025-07-15 15:17:28 Chinese President Xi Jinping laid out the overall requirements, key principles and priority tasks for urban work at a key conference held in Beijing from Monday to Tuesday.

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

      Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at the Central Urban Work Conference in Beijing, capital of China. The conference was held in Beijing from Monday to Tuesday. (Xinhua/Xie Huanchi)

      BEIJING, July 15 (Xinhua) — Chinese President Xi Jinping laid out the overall requirements, key principles and priority tasks for urban work at a key conference held in Beijing from Monday to Tuesday.

      Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivered an important speech at the Central Urban Work Conference, which was also attended by members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi.

      Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at the Central Urban Work Conference in Beijing, capital of China. The conference was held in Beijing from Monday to Tuesday. Members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the conference. (Xinhua/Xie Huanchi)

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    MIL OSI China News –

  • MIL-OSI China: Xi addresses Central Urban Work Conference, listing priorities for urban development 2025-07-15 15:17:28 Chinese President Xi Jinping laid out the overall requirements, key principles and priority tasks for urban work at a key conference held in Beijing from Monday to Tuesday.

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

      Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at the Central Urban Work Conference in Beijing, capital of China. The conference was held in Beijing from Monday to Tuesday. (Xinhua/Xie Huanchi)

      BEIJING, July 15 (Xinhua) — Chinese President Xi Jinping laid out the overall requirements, key principles and priority tasks for urban work at a key conference held in Beijing from Monday to Tuesday.

      Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivered an important speech at the Central Urban Work Conference, which was also attended by members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi.

      Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at the Central Urban Work Conference in Beijing, capital of China. The conference was held in Beijing from Monday to Tuesday. Members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the conference. (Xinhua/Xie Huanchi)

    loading…

    MIL OSI China News –

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • MIL-OSI China: China’s home price decline continues to narrow in June

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

    The decline in the prices of commercial residential homes in China’s 70 large and medium-sized cities continues to ease on a year-on-year basis in June, official data showed on Tuesday.

    In the four first-tier cities, namely, Beijing, Shanghai, Guangzhou, and Shenzhen, new home prices dropped 1.4 percent from a year earlier, with the pace of decline narrowing by 0.3 percentage points from May, according to the National Bureau of Statistics (NBS).

    Notably, Shanghai, the country’s economic hub, recorded a 6 percent year-on-year increase in new home prices last month, the NBS said.

    Second- and third-tier cities saw new home prices fall by 3 percent and 4.6 percent year on year in June, with the declines narrowing by 0.5 and 0.3 percentage points, respectively.

    MIL OSI China News –