Category: China

  • MIL-OSI China: China issues guidelines on accelerating development, utilization of data resources

    Source: China State Council Information Office 2

    The general offices of the Communist Party of China Central Committee and the State Council have unveiled a set of guidelines on accelerating the development and utilization of public data resources, to provide solid support for making the digital economy strong and building new competitive advantages for the country.
    By 2025, the system and rules for the development and utilization of public data resources will be preliminarily established. Data products and services will continue to be enriched, and significant progress should be made in the development and utilization of public data resources in key industries and regions, according to the guidelines.
    By 2030, a comprehensive system for the development and utilization of public data resources will be established, with compliant and efficient data circulation and use. In the meantime, public data will play a full role as an essential factor in empowering the real economy, expanding consumer demand and investment space, as well as improving governance capacity.
    A sound policy system for data opening should be built, the guidelines said, stressing that measures should be taken to ensure data is made open in an orderly manner in accordance with the law and regulations, under the premise of safeguarding national data security, protecting personal information and business secrets.
    The guidelines also encourage innovative application to promote the healthy development of the data industry, and call for coordinating development and security to create a sound environment for the development and utilization of public data resources. 

    MIL OSI China News

  • MIL-OSI China: Mainland spokesperson urges adherence to one-China principle

    Source: China State Council Information Office 2

    A Chinese mainland spokesperson on Wednesday slammed an upcoming visit of Tsai Ing-wen, former leader of the Taiwan region, to Europe, urging relevant countries to adhere to the one-China principle.
    In response to a media query about Tsai’s visit to the Czech Republic and some other European countries, Zhu Fenglian, spokesperson for the State Council Taiwan Affairs Office, said the Democratic Progressive Party authorities are engaging in “Taiwan independence” separatist activities under various pretexts, deceiving the international community.
    “No matter what they say or do, it cannot change the fact that Taiwan is part of China, nor can it alter the doomed fate of ‘Taiwan independence.’ These actions do not contribute to peace and stability in the Taiwan Strait or the well-being of the Taiwanese people,” Zhu said.
    “We urge the relevant countries to adhere to the one-China principle, handle the Taiwan question with caution, refrain from sending erroneous signals to the ‘Taiwan independence’ separatist forces, and avoid providing any platform for the dissemination of their separatist rhetoric,” she added. 

    MIL OSI China News

  • MIL-OSI China: Xinjiang’s protection of blue skies shows China’s determination to air pollution control

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

    Xinjiang’s protection of blue skies shows China’s determination to air pollution control

    URUMQI, Oct. 9 — Zhang Xin still remembers the complaints she saw on social media some years ago: “In winter, you can’t see the sun clearly in the city of Urumqi,” and “The snow is all black.”

    Zhang, who works in the ecology and environment bureau of Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, has participate in the air pollution prevention and control work for a long time.

    Urumqi is among an economically vibrant urban cluster located on the northern slope of the Tianshan Mountains, which also contains parts of Changji Hui Autonomous Prefecture and the cities of Wujiaqu and Shihezi. The urban cluster is collectively referred to as the Wu-Chang-Shi area by locals.

    For a long time, Wu-Chang-Shi has been a key and challenging area for air pollution prevention and control in Xinjiang due to its heavy industrial and coal-dominated energy structure.

    However, 2023 was the year with the most significant improvement in air quality in the past decade for the urban cluster, thanks to the concerted and unremitting efforts made by the local ecology and environment authorities, enterprises and scientists.

    An aerial panoramic drone photo taken on May 9, 2024 shows a city view of Wujiaqu, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    The transformation of Wu-Chang-Shi is a microcosm of China’s air pollution control efforts. Following the introduction of an action plan to prevent and control air pollution in 2013, China became the first developing country in the world to impose large-scale efforts to reduce PM2.5 density.

    China has announced that it will peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

    IMPROVED AIR QUALITY

    Years ago, the Chinese government began publishing air quality rankings in major cities, and the cities in Wu-Chang-Shi, such as Urumqi, often ranked at the bottom of the list.

    “Surrounded by mountains on three sides, Urumqi has poor conditions for diffusion in both horizontal and vertical directions. According to an assessment, Urumqi’s self-purification capacity in winter is only one-tenth of that in summer,” said Zhang.

    In winter, when temperatures often drop to minus 20 to 30 degrees Celsius, residents in Urumqi relied heavily on coal-fired heating, which led to more pollutant emissions.

    Zhang said that with the central government funding, Urumqi has initiated projects, such as clean-energy heating. “The city has begun to improve its heating structure, from centralized heating and cogeneration to clean heating for all bulk coal users, which is a particularly effective experience in air pollution control,” she added.

    In 2012, the central urban area of Urumqi completed the transformation from coal to gas for large-scale coal-fired heating boilers. In October 2023, the city completed the treatment of the remaining villages and households in rural areas that were using bulk coal for heating, making it among the first cities in China to achieve full coverage of clean-energy heating.

    An aerial drone photo taken on April 25, 2024 shows a wind farm in Dabancheng District of Urumqi, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    From Oct. 10, 2023 to April 10, 2024, Urumqi boasted 144 days of good air quality, an increase of 33 days year on year. The average concentrations of six major air pollutants, including PM2.5, decreased by 8.8 percent to 22.7 percent, reaching the best level since the monitoring began.

    Social media, which acts as an unofficial “air quality monitoring station,” also reflects the effectiveness of air pollution control measures.

    In recent years, Zhang noticed some positive changes on social media — residents in Urumqi often post photos and videos of the blue skies of the city.

    KEY INDUSTRIES, TARGETED MEASURES

    Located in the city of Shihezi in the Wu-Chang-Shi area, Tianwei Cement Co., Ltd. is a major cement-producing company in the city.

    China is among the world’s largest producers and consumers of cement. However, due to factors such as large emissions during production, the cement industry is also a major contributor to carbon emissions.

    In 2023, the regional government of Xinjiang proposed to spend three to five years to completely solve the air pollution problem in Wu-Chang-Shi. Various departments have implemented pollution control measures in key enterprises in the area.

    Tianwei Cement is among the 135 industrial enterprises in Wu-Chang-Shi that have been given priority treatment, which altogether accounts for more than 92 percent of the total pollutant emissions in the area.

    According to the ecology and environment bureau of Shihezi, in terms of the comprehensive management of air pollution, the city has implemented a performance-based grading system of key industries to cope with heavy-pollution weather, in sync with other regions across China.

    This photo taken on Aug. 22, 2023 shows a photovoltaic project in Shihezi City, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    The four-tier grading system, involving 39 key industries including steel and chemicals, is a measure to implement differentiated control in response to heavy-pollution weather, with A representing the highest and D the lowest. When heavy-pollution weather occurs, Class-A enterprises can take measures independently based on their actual situations to reduce emissions without stopping or limiting production.

    To attain the Class-A rating as quickly as possible, Tianwei Cement has collaborated with the city’s ecology and environment bureau to develop a tailored pollution control plan. Measures have been taken during various processes of production, including the installment of dust-reduction devices in its warehouses.

    Last year, the company obtained the Class-A rating after completing the ultra-low emission transformations. Thanks to the upgrades, the company made a profit of over 80 million yuan (about 11.34 million U.S. dollars) in 2023.

    Meanwhile, Shihezi’s air quality in 2023 reached the best level since 2017, data shows.

    BUILDING TALENT BASE

    Sitting in an office of the air-pollution prevention and control center of Changji, Ma Tong can oversee the pollutant emissions in the entire prefecture in real time through a large screen, which displays data and charts, such as the forecast and dynamic control of heavy-pollution weather. However, she still worries.

    “A lot of data has been integrated into the platform, but the problem is how to effectively utilize it. We lack skilled personnel who can use the platform and information equipment,” she said.

    This photo taken on May 20, 2024 shows staff members working at an office of the air-pollution prevention and control center in Changji Hui Autonomous Prefecture, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    Ma is an expert from the Chinese Research Academy of Environmental Sciences. Five years ago, she came to Xinjiang to provide intellectual support for local air pollution control. “Changji is already at the forefront of Xinjiang in terms of air-pollution treatment through sci-tech means, but compared with the whole country, the prefecture lacks equipment and talent,” said Ma.

    Since last year, the regional government of Xinjiang has pooled 10 billion yuan in funding to establish the Xinjiang talent development fund, which is used to introduce talent from other parts of China, among other objectives.

    In early 2024, the Urumqi-based Xinjiang University introduced Huang Haibao, an air-pollution control expert from Sun Yat-sen University in south China’s Guangdong Province.

    “In addition to cultivating talent ourselves, we have also introduced a group of scholars from universities including Beijing University of Chemical Technology,” said Huang.

    Within six months, Huang and his colleagues have established the air pollution control and research center at the university. He is working to establish the Xinjiang environmental science society, which will serve as a gathering place for the top scientific research talent in Xinjiang and a platform for international cooperation and exchange.

    He also stresses the importance of collaboration between academia and industry. “Ultimately, emission reduction needs to be implemented at the enterprise level,” he said, adding that his team has visited over 10 companies to strengthen cooperation in terms of technology and scientific research.

    “We will try to bring in the technologies, talent and companies from across the country to contribute to air pollution prevention and control work in Xinjiang,” he said.

    MIL OSI China News

  • MIL-OSI China: China’s railways handle 177M passenger trips during National Day holiday

    Source: China State Council Information Office 2

    China’s railway passenger flow surged during the 10-day travel rush for the National Day holiday, data from China State Railway Group Co., Ltd. (China Railway) showed Wednesday.
    From Sept. 29 to Oct. 8, a total of 177 million railway passenger trips were made nationwide, said China Railway.
    The average daily number of railway passenger trips reached about 17.74 million, it added.
    On Oct. 1, the number of passenger trips served by China’s railways reached about 21.45 million, a new record high for single-day passenger traffic, according to China Railway.
    During the holiday, the railway passenger flow was sustained at a high level and an average of 12,237 passenger trains were operated daily, hitting a record high, it said. 

    MIL OSI China News

  • MIL-OSI China: Senior political advisors study guiding principles from Xi’s speech on CPPCC

    Source: China State Council Information Office 2

    The Chinese People’s Political Consultative Conference (CPPCC) National Committee started a standing committee session on Wednesday to study an important speech that Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, delivered on Sept. 20 to celebrate the 75th founding anniversary of the CPPCC.
    Wang Huning, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the CPPCC National Committee, attended the opening meeting.
    The meeting was presided over by Shi Taifeng, a member of the Political Bureau of the CPC Central Committee and vice chairman of the CPPCC National Committee. Shi called on CPPCC members to take the study and implementation of Xi’s important speech as a major political task, and give full play to CPPCC’s role as a specialized consultative body, so as to build consensus and pool strength for advancing Chinese modernization.
    Li Shulei, also a member of the Political Bureau and head of the Publicity Department of the CPC Central Committee, was invited to the meeting and gave a report on the advances on cultural fronts.
    The senior political advisors also heard reports on a number of topics, including developing fine traditional Chinese culture, building sci-tech innovation centers and improving foreign-related legal services.
    During the two-and-a-half-day session, they will also hold themed consultations with regional CPPCC committees in Henan, Guangdong and Xinjiang via videolink. 

    MIL OSI China News

  • MIL-OSI China: Jiangsu steps up efforts on affordable, reliable childcare

    Source: China State Council Information Office 2

    East China’s Jiangsu Province boasted more than 3,300 nurseries at the end of September, signifying its continuous efforts to enhance the childcare service system and reduce the burden on child-rearing families, according to the Jiangsu Commission of Health.
    The province had also provided 324,000 available childcare slots, with 3.8 slots per 1,000 people by the end of 2023. Various service models are now available, such as community-based childcare, employer-run nurseries, family day-care and comprehensive childcare centers.
    Spanning over 2,000 square meters, the comprehensive childcare center in the Jianye District of Nanjing, the capital of Jiangsu Province, offers 80 childcare slots.
    “We are very satisfied with the center’s clean environment, reasonable fees and trustworthy childcare staff,” said Zhang Feng, a resident who enrolled her two-year-old daughter there.
    Jiang Xuexia, deputy director of the childcare center, noted that Jianye District has the youngest population demographic in Nanjing, with many young parents striving to balance work and family life.
    To help ease the burden on parents, the center has implemented an integrated medical and childcare service system to improve the quality of infant and childcare services in the district. Since its opening in September last year, all of its slots have been fully booked.
    More and more cities in Jiangsu have stepped up efforts to provide more families with universal day-care services for children under three in recent years.
    Suzhou is pushing hard to build a 15-minute childcare service circle, and plans to add 100 community-based childcare centers, offering full-day, half-day, temporary and time-based childcare services at the end of this year. Wuxi and Taizhou have set up childcare facilities within enterprises and industrial parks to provide free or favourable childcare services for employees.
    Data from the National Health Commission shows that there are currently over ten million children aged under three in need of childcare services.
    Looking ahead, Jiangsu aims to scientifically allocate childcare resources and improve support policies, foster talents at a faster pace, and promote the high-quality development of accessible, affordable and reliable childcare services. 

    MIL OSI China News

  • MIL-Evening Report: Israel has banned the UN secretary-general. Is this legal – or right?

    Source: The Conversation (Au and NZ) – By Samuel Berhanu Woldemariam, Lecturer in law, University of Newcastle

    In early October, Israel’s foreign minister, Israel Katz, announced on X he had declared the United Nations secretary-general, António Guterres, persona non grata. In other words, he had banned Guterres from setting foot in Israel.

    Katz said Guterres’ failure to “unequivocally condemn” Iran’s recent attack on Israel was the reason he was no longer welcome. The strongly worded statement further accused the UN chief of failing to “denounce” Hamas’ massacre in southern Israel on October 7 2023. He added:

    A secretary-general who gives backing to terrorists, rapists and murderers from Hamas, Hezbollah, the Houthis and now Iran — the mothership of global terror — will be remembered as a stain on the history of the UN.

    Security Council members expressed their support for Guterres after Katz’s declaration. And Guterres’ spokesperson called it “a political statement” and “just one more attack […] on UN staff” by the Israeli government.

    What is the significance of Israel’s declaration? And what kind of impact could it have?

    What does persona non grata mean?

    The Latin phrase persona non grata means “an unwelcome person”. In international law, it refers to the right of states to exclude a diplomat or consular officer from their territory. This can take the form of expelling a diplomat or denying them entry.

    Under international conventions, nations are not required to provide a reason for such a declaration.

    Diplomats and consular staff enjoy a wide range of immunities and privileges under international law. Among other things, they cannot be subjected to any form of arrest or detention, nor can they face legal action in a criminal or civil court.

    The diplomat’s home nation must waive immunity for this kind of action to be taken.

    The concept of persona non grata was therefore devised as a way to balance against these immunities and privileges. A nation that is aggrieved by the actions of a diplomat or consular officer can simply bar them from their territory, without even providing a reason.

    Can UN officials be declared persona non grata?

    There is a longstanding debate between the UN and its member states about the legality of such declarations.

    The UN maintains its officials cannot be barred from member nations because they are not diplomats accredited to those countries. Rather, they are international civil servants who are accountable to a global organisation.

    The UN also notes that declaring its officials persona non grata seriously interferes with the organisation’s functions, as well as the powers of the UN secretary-general under the UN Charter.

    Many countries, however, do not agree with the UN’s position. In recent years, Ethiopia, Mali, Sudan and Armenia have all declared UN officials to be persona non grata, just to name a few.

    Israel’s declaration is only the second time a nation has specifically banned the UN secretary-general. The first time was in the 1950s when both the Soviet Union and the Republic of China declared the first secretary-general, Trygve Lie, persona non grata.

    In 1961, the Soviet Union also said it would not recognise Secretary-General Dag Hammarskjold as an “official of the United Nations”.

    Power must be handled with restraint

    I am researching this issue, which has not yet been widely explored. My study is looking at two main questions: whether states have the right to bar UN officials and the implications of doing this.

    On the first question, I believe there are strong legal reasons to support the rights of states to kick out – or keep out – UN officials.

    For one, nations have a wide scope of sovereign rights to decide who enters and leaves their territory. This is a cardinal principle of sovereignty.

    If UN officials are suspected of engaging in conduct harmful to a country’s national interests and security, it also has a right to defend and protect itself. One way of doing so is to expel the suspected UN official.

    Lastly, there is no direct rule under international law that prohibits this kind of action.

    Beyond these legal rights, however, is the important issue of what such an action means for the longer-term credibility and efficacy of the UN.

    Because countries are not required to provide a reason for banning a foreign diplomat, this makes it a powerful political weapon if used against a UN official.

    And banning UN officials specifically could also seriously jeopardise the organisation’s work and put innocent lives at risk. This is especially true in the context of armed conflicts where the UN is called upon to provide humanitarian assistance.

    For example, in 2021, Ethiopia expelled five UN humanitarian officials who were providing food, medicine, water and other life-saving items to more than 5 million people in a region that was engaged in armed conflict with the federal government. Given the expelled officials were high-ranking staff, the action disrupted the co‑ordination and provision of assistance.

    And banning the secretary-general, in particular, is perhaps the strongest indicator of the breakdown of the relationship between a state and the UN.

    The secretary-general is the chief international civil servant and the embodiment of the organisation. Their leadership is also critical for providing emergency relief, brokering ceasefires and promoting peace.

    Declaring the secretary-general persona non grata, therefore, seriously damages his or her standing, especially in the context of an armed conflict. It’s also a strong political statement against the UN more broadly, which could significantly complicate its humanitarian work.

    Therefore, while countries do have the sovereign power to declare UN officials persona non grata, they need to exercise restraint in how they use this power. What such restraint should look like is an open question, but one that must be urgently addressed.

    The author’s ongoing research work on the topic has received internal funding support from the College of Humanities and Social Futures at The University of Newcastle, NSW.

    ref. Israel has banned the UN secretary-general. Is this legal – or right? – https://theconversation.com/israel-has-banned-the-un-secretary-general-is-this-legal-or-right-240674

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: US Fed minutes show officials divided on half point rate cut in September

    Source: China State Council Information Office 3

    U.S. Federal Reserve officials were divided on the size of the rate cut in its recent policy meeting, according to the minutes of the Fed’s Sept. 17-18 meeting released Wednesday.

    “Noting that inflation was still somewhat elevated while economic growth remained solid and unemployment remained low, some participants observed that they would have preferred a 25 basis point reduction of the target range at this meeting, and a few others indicated that they could have supported such a decision,” the minutes showed.

    Eleven out of the 12 voting members of the Federal Open Market Committee (FOMC) voted for the 50 basis point reduction, according to an earlier statement. Voting against this action was Michelle W. Bowman, who preferred to lower the target range for the federal funds rate by 25 basis points.

    “Several participants noted that a 25 basis point reduction would be in line with a gradual path of policy normalization that would allow policymakers time to assess the degree of policy restrictiveness as the economy evolved,” the minutes said.

    “A few participants also added that a 25 basis point move could signal a more predictable path of policy normalization,” the minutes continued.

    The minutes also noted that a few participants remarked that the overall path of policy normalization, rather than the specific amount of initial easing at this meeting, would be more important in determining the degree of policy restriction.

    After its Sept. 17-18 meeting, the Fed slashed the target range for the federal funds rate by 50 basis points to 4.75 percent to 5 percent, amid cooling inflation and a weakening labor market. This marked the first rate cut in over four years and signals the start of an easing cycle.

    U.S. Federal Reserve Chair Jerome Powell said recently that if the economic data stays stable, future rate cuts are expected to be smaller than the half-percentage-point reduction in September.

    According to data released by the Labor Department on Friday, U.S. employers added 254,000 jobs in September, as unemployment rate edged down to 4.1 percent, signaling that the labor market remains steady.

    The Fed will hold its next policy meeting from Nov. 6 to 7. The Chicago Mercantile Exchange Group’s FedWatch tool, which acts as a barometer for the market’s expectation of the Fed funds target rate, showed that as of Wednesday, the probability of the Fed cutting rates by 25 basis points at the November meeting is nearly 80 percent.

    MIL OSI China News

  • MIL-OSI China: China says anti-dumping measures on EU brandy legitimate

    Source: China State Council Information Office 3

    China’s commerce ministry said Wednesday the country’s anti-dumping move on brandy imported from the European Union (EU) is a “legitimate trade remedy measure and entirely in accordance with World Trade Organization (WTO) rules.”

    The decision to take anti-dumping measures against EU brandy imports, which was announced Tuesday, was based on legal investigations in response to a request from the domestic industry, the ministry said in a statement.

    Meanwhile, the ministry noted that the EU’s anti-subsidy probe into Chinese electric vehicles was not launched at the industry’s request. Furthermore, the EU move has been strongly opposed by relevant EU member states and their industries.

    The EU’s action seriously lacked factual and legal basis and clearly violated WTO rules, which was a practice of protectionism in the name of trade remedies, the ministry said.

    To defend the legitimate rights and interests of China’s electric vehicle industry, the country has lodged strong representation at the WTO and appealed to the WTO dispute settlement over relevant anti-subsidy measures, it said.

    China has always opposed the abuse of trade remedy measures, the ministry said, urging the EU to immediately correct its wrong practices and work with China to safeguard the overall economic and trade situation between the two sides.

    MIL OSI China News

  • MIL-OSI China: Cypriot gov’t approves urgent dispatch of humanitarian aid for Lebanon

    Source: China State Council Information Office

    The Cypriot government has approved an urgent dispatch of medicine and other consumables for Lebanon, government spokesman Konstantinos Letymbiotis said on Wednesday.

    The spokesman said the health ministry has studied a request by Lebanon, “for the provision of pharmaceutical assistance and consumables to address the humanitarian crisis.”

    He added that the Cypriot government has also approved additional financial aid specifically for the Palestinians.

    The spokesman also announced that more than 2,000 people of 20 different nationalities have been evacuated from Lebanon through Cyprus.

    The vast majority of them have already departed to their countries of origin, with the remaining being hosted at accommodation facilities prepared by Cypriot authorities until they find flights out of Cyprus, he said.

    MIL OSI China News

  • MIL-OSI China: Chinese, Japanese FMs hold phone talks

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi on Wednesday held phone talks with Japan’s newly appointed Minister of Foreign Affairs Takeshi Iwaya.

    Iwaya said the new Japanese cabinet is willing to comprehensively promote the strategic relationship of mutual benefit between Japan and China and is committed to building a constructive and stable bilateral relationship.

    There is huge potential for Japan-China cooperation in various fields, and Japan is willing to strengthen communication with China at all levels to resolve pending issues through consultation, so as to bring more benefits to the two peoples, said Iwaya.

    Japan and China bear significant responsibilities for the peace and stability of Asia and the world, said Iwaya, noting that in the face of a turbulent international situation, the new Japanese cabinet is committed to advancing diplomacy through dialogue and coordination, and is willing to jointly work with China to strengthen cooperation and make greater contributions to promoting regional peace and stability and addressing global challenges.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China appreciates the positive signals sent by the new Japanese cabinet and Iwaya since taking office, which reflect a desire to stabilize and develop bilateral relations.

    Wang noted that China and Japan are close neighbors, and that mutual cooperation and shared development are in the fundamental interests of both peoples, expressing his hope that the new Japanese cabinet would bring new momentum and foster fresh developments in China-Japan relations.

    Wang called on both sides to learn from history, stay true to their original aspirations, expand cooperation, eliminate disruptions, and comprehensively advance their strategic relationship of mutual benefit, so as to build a constructive and stable bilateral relationship that meets the requirements of the new era.

    Wang emphasized that China’s policy toward Japan has always maintained consistency and stability. He expressed hope that Japan would honor its political commitments on the Taiwan question, adhere unwaveringly to the one-China principle, and establish an objective, rational, positive, and friendly perception of China.

    He urged Japan to translate the important consensus including “being partners, not threats” into concrete actions, promoting the healthy and stable development of bilateral relations along the right path.

    In light of the complex and turbulent international situation, Wang stressed that the overall peace and stability in the region is hard-won and should be cherished, particularly by preventing external forces from stirring up regional division and confrontation. 

    MIL OSI China News

  • MIL-OSI China: China’s central bank launches swap facility

    Source: China State Council Information Office

    China’s central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for “the healthy and stable development of the capital market.”

    The SFISF will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds and central bank bills, the People’s Bank of China said in a statement.

    The scale of the SFISF could be expanded depending on the development of the situation, according to the central bank.

    Starting Thursday, applications from eligible securities, funds and insurance companies will be accepted.

    MIL OSI China News

  • MIL-OSI China: Growth target within reach despite challenges

    Source: China State Council Information Office

    A worker is pictured at the production line of a textile company in Jimo district of Qingdao city, East China’s Shandong province, Oct 7, 2024. [Photo/Xinhua]

    China will likely hit this year’s annual growth target of around 5 percent with a projected pickup in fourth-quarter GDP growth, given the recently unveiled, bolder than expected stimulus policy measures and forthcoming incremental policies, economists said.

    They also said that the weaker than expected economic indicators in recent months point to persistent challenges stemming from sluggish domestic demand, prompting calls for intensified policy support to sustain growth. The key focus should be expanding effective investment, boosting consumption and stabilizing the real estate sector, they added.

    The economists’ comments came after Premier Li Qiang emphasized on Tuesday the need for faster and more effective implementation of economic policies to achieve China’s growth targets for the year, as authorities ramped up measures in recent days to further bolster the world’s second-largest economy.

    Speaking at a symposium with business leaders and economists, Li called for swift actions to put in place the newly rolled out policies, which are designed to stabilize growth and enhance support for businesses.

    Citing a package of incremental policies announced recently, Guo Liyan, deputy director of the Chinese Academy of Macroeconomic Research’s Economic Research Institute, said the move aims to address pressing challenges and pressures faced by the economy, which will significantly boost confidence among investors and consumers.

    “In fact, some economic indicators have shown fluctuations since the third quarter, and the economic contribution in the fourth quarter is significant for the entire year,” she said. “Implementing a package of incremental policies at this juncture is conducive to strengthening confidence for meeting the annual growth target.”

    To promote closer monetary and fiscal policy coordination, the People’s Bank of China, the country’s central bank, and the Ministry of Finance held their first joint working group meeting on the treasury bond trade, vowing to provide a conducive market environment for treasury bond trade operations, according to a statement released on Wednesday.

    In addition, as part of the country’s ongoing efforts to meet the annual growth target, the National Development and Reform Commission announced on Tuesday that the country will move ahead to this year part of the investment plans set for 2025.

    Raymond Ma, Invesco’s chief investment officer for the Chinese mainland and Hong Kong, said: “We believe that the NDRC’s further confirmation, together with the recently announced supportive monetary and fiscal policies, will bolster the economy. This reinforces our long-term positive outlook on Chinese equities.”

    After a strong rally following stimulus announcements by Chinese authorities, Chinese stocks dropped on Wednesday as the market eagerly awaited bolder moves to revive the economy, with the benchmark Shanghai Composite Index slumping 6.62 percent to close at 3,258.86 points.

    “While achieving the around 5 percent annual growth target may be challenging, the government’s newly announced policies are expected to provide substantial stimulation for the economy in 2024 and beyond,” Zhu Baoliang, former chief economist of the State Information Center, said, adding that the nation can meet its annual growth target this year.

    Du Yue, an associate researcher at the investment research institute of the NDRC, said that to coordinate macro policies for this year and next to ensure steady growth, it is important to optimize and implement policies aimed at spurring investment as soon as possible, including enlarging the support provided by local government special bonds.

    Du said that the policy of moving to this year the allocation of 200 billion yuan ($28.3 billion) in investment plans and projects that were set for 2025 will help the country’s fixed-asset investment maintain reasonable growth while lifting market expectations.

    Zhang Ming, deputy director of the Institute of Finance and Banking, which is part of the Chinese Academy of Social Sciences, suggested at a recent forum establishing a national institution to manage the acquisition of existing commercial housing in lower-tier cities, which will help avoid the creation of new local government debt.

    MIL OSI China News

  • MIL-OSI China: China Post tops global postal operators by revenue, profits

    Source: China State Council Information Office

    Staff members distribute parcels at a distribution center of China Post Group Co., Ltd. in Shijiazhuang, north China’s Hebei Province, Jan. 21, 2023. [Photo/Xinhua]

    China Post ranked first among global postal operators by both revenue and profits in the 2024 Fortune Global 500 list, according to company sources on Wednesday.

    Liu Aili, chairman of China Post Group Corporation Limited, said that the company had continually strengthened its core competitiveness. China Post has established an extensive delivery network, operating 120,000 delivery trucks and 42 cargo aircraft.

    The state-owned postal service provider maintained stable operation in the first eight months of this year, with revenue of 472.17 billion yuan (66.9 billion U.S. dollars) and profits of 70.48 billion yuan, Liu said in a speech marking the 55th World Post Day, which falls on Wednesday.

    Looking ahead, the company will focus on further enhancing the rural delivery system, integrating local industries into larger economic networks and helping small agricultural producers reach national markets, Liu added.

    MIL OSI China News

  • MIL-OSI China: Nation’s housing market sizzles on policy measures

    Source: China State Council Information Office

    Optimization measures rolled out by China’s central government as well as major cities, along with large-scale promotional activities by real estate developers, have led to a better-than-expected housing market performance during the weeklong National Day holiday, industry experts said on Wednesday.

    To seize market opportunities brought on by favorable policies, property developers are looking to strengthen their competitiveness by enhancing quality and branding instead of resorting to price wars, experts said.

    Despite a conventional low season for home transactions, the just-concluded National Day holiday saw greater transaction volumes for new homes in several Chinese cities, according to Chen Wenjing, director of research at the China Index Academy.

    “The conditions are more evident in first-tier cities. In Guangzhou and Shenzhen of South China’s Guangdong province, new home transaction volumes of projects monitored by China Index Academy are double that from the whole of September, and the number of deals inked during the same period surpassed that of September in Beijing and Shanghai,” Chen said.

    “It is worth noting that similar hot sales took place in second-tier cities including Chengdu of Sichuan province and Hangzhou of Zhejiang province,” she said, attributing it to the bigger discounts that helped activate the real estate market.

    During the first seven days of October, new home transactions in the key 22 cities tracked by China Real Estate Information Corp soared 26 percent in terms of space year-on-year, and that of Beijing, Shenzhen and Guangzhou surged 42 percent, according to Ding Zuyu, CEO of E-House (China) Enterprise Holdings Ltd.

    Along with the improved new home trade volumes, major real estate developers also reported outstanding sales. Some of the top 20 developers saw their sales grow between 60 percent and 150 percent, Ding said.

    “The positive figures indicated that the home market confidence is steadily recovering,” said Ding.

    Policies announced by the central and local governments to stabilize the home market have played a great role in boosting market confidence. Meanwhile, significant promotions by real estate developers have also contributed to the market performance, said Li Yujia, a researcher on residential policy in Guangdong province.

    According to Li, several residential projects resorted to offering gold, new energy vehicles and huge discounts to homebuyers, but regardless of the appealing gifts or discounts, the bestselling projects are always the ones with reasonable prices and high quality under big-name developers.

    With the home market entering its conventional peak season, some developers are adjusting their pricing strategy, which is also in line with the central government’s call for market stabilization, according to local news portal ThePaper.cn.

    MIL OSI China News

  • MIL-OSI China: Beijing issues first catering business license to multitask cooking robot

    Source: China State Council Information Office

    Beijing recently issued the first catering business license to a type of robot, pioneering regulation of embodied intelligence application in the country’s catering industry amid rapid development in the sector.

    Unlike single-task robots, such as pancake-making or noodle-cooking machines, the embodied intelligence robots developed by EncoSmart Technology, a Beijing-based company, can cook different types of cuisine.

    The robots, which look like robotic arms, can also keep learning to create new menus and avoid safety risks based on the working environment.

    “Artificial intelligence is an inevitable trend in the food and beverage industry,” said Xia Pingping, head of the catering department of the Haidian District Market Regulation Bureau, which granted EncoSmart the city’s first food business license for its embodied intelligence robots.

    “Before issuing the license, we rigorously examined the product to ensure it complies with national food safety regulations. The robot design prioritizes safety, from hardware materials to software algorithms,” she said.

    Tian Yan, head of smart project development at EncoSmart, said: “We’ve already deployed our first-generation robot offering fried food in certain office buildings in Haidian. By the end of the year, we plan to expand the services to chain restaurants, rolling out robots capable of making ice cream, drinks and salads.”

    A report issued by the Beijing Municipal Commerce Bureau in April highlighted challenges in the local restaurant industry, including high rents, labor costs and ingredient prices, coupled with low profits.

    Tian said she believes that embodied intelligence technology can help reduce costs, streamline food processing, and meet consumer demand for precise and consistent flavors.

    “Our goal is to make consumer-grade robots more affordable and accessible,” she said. “Safety is the core. Our robots can learn through algorithms to improve heating efficiency in order to make the food more tasty. The sensors on robots can monitor the temperatures of oil in order to avoid any kitchen fire risks.”

    Chen Zhen, CEO of EncoSmart, said the company would tap the overseas market in the following two years, starting with two major robot products aimed at Western catering markets.

    “The overseas market has great opportunities, but it’s also pretty challenging,” he said. “It’s essential for us to obtain the product certifications and win the trust of the clients there.”

    To address new challenges facing food safety, the State Administration for Market Regulation revised the measures for the administration of food trade licensing, which now include provisions for automated food service devices. The measures took effect on Dec 1.

    Haidian district is leading AI-driven food safety regulation, setting standards for embodied AI in food processing, including basic safety, system design, food hygiene and operational norms, filling a regulatory gap in the AI-powered catering industry.

    AI food safety oversight differs from traditional restaurant regulation, said Duan Xing, head of the market regulation office in Haidian’s Huayuanlu subdistrict.

    “Our approach focuses on three areas, including process and equipment control to guarantee smooth operation, as well as data control to maintain traceability throughout,” Duan said.

    A report released at the 2024 Beijing Catering Brand Conference noted that 4,842 new restaurants were registered in the city in the first half of the year, with an average of 26.5 new restaurants opening daily. While overall restaurant consumption remains stable, the industry is undergoing rapid change, requiring businesses to enhance their resilience and quality.

    Wang Xinwei, deputy secretary-general of the Beijing Branch of the World Federation of Chinese Catering Industry, said, “The first embodied AI robot food business license signifies that this cutting-edge technology is quickly entering the food and beverage market, allowing for large-scale commercialization and reducing the complexity of recipe replication and chef hiring.”

    “While the spread of embodied AI robots may increase short-term employment pressure, in the long run, they will drive the restaurant industry toward greater intelligence, creating new jobs. The key is balancing technological progress with social responsibility to ensure harmonious economic and social development,” Wang said.

    MIL OSI China News

  • MIL-OSI China: Malta’s China Cultural Center expands with new classes

    Source: China State Council Information Office 3

    People attend a Chinese language class in Valletta, Malta, on Oct. 8, 2024. (Xinhua/Chen Wenxian)

    The China Cultural Center in Malta launched its 2024-2025 term on Tuesday, introducing a fresh lineup of classes in Chinese language, traditional Chinese painting, and calligraphy, offering locals new ways to immerse themselves in Chinese culture.

    The Chinese language classes, taught by instructors from the Confucius Institute at the University of Malta, span from beginner to intermediate levels and are tailored to different age groups and skill levels. For the first time, the center has introduced a dedicated Chinese reading class for children under eight, a reflection of the rising interest in the language among Malta’s younger learners.

    Among the students is 66-year-old Ray Magri, who has been studying Chinese for five years, driven by his passion for Chinese culture. Citing the old Chinese saying, “Never too old to learn,” Magri shared his intention to continue learning for as long as he can.

    Another student, Piero Di Meglio, hopes to become fluent in Chinese, including speaking, reading, and writing. A seasoned traveler to China, Di Meglio has reached HSK Level 3, the international benchmark for Chinese proficiency, and aims to advance to Levels 4 and 5 in the coming years.

    Newcomer Jonathan Xuereb embraced the challenge of learning Chinese, acknowledging its complexity but calling it “one of the hardest yet most rewarding languages to learn.” Xuereb, open to exploring new cultures, sees language as a gateway to understanding different traditions.

    Since 2004, the China Cultural Center has offered Chinese language classes to local residents, expanding in 2023 to include courses in traditional Chinese painting and calligraphy. According to Yuan Yuan, the center’s director, these programs provide an important platform for locals to delve into Chinese culture and art.

    During the event, Yuan also introduced the English edition of “China in Maltese Eyes”, a book co-published by Heritage Malta and the China Cultural Center. Featuring contributions from over 20 Maltese individuals of varied backgrounds, the book shares personal reflections on China’s culture, history, and contemporary developments, highlighting the growing connection between the two countries. 

    MIL OSI China News

  • MIL-OSI China: China’s central bank launches swap facility to boost capital market development

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

    BEIJING, Oct. 10 — China’s central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for “the healthy and stable development of the capital market.”

    The SFISF will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds and central bank bills, the People’s Bank of China said in a statement.

    The scale of the SFISF could be expanded depending on the development of the situation, according to the central bank.

    Starting Thursday, applications from eligible securities, funds and insurance companies will be accepted.

    MIL OSI China News

  • MIL-OSI China: Change announced in higher education format

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

    Aiming to optimize lifelong learning, the two forms of higher education — “correspondence” and “part-time” — will be unified as “non-full-time” education, starting next fall.

    The name change was included in a circular issued by the Ministry of Education to announce the 2024 national adult college entrance examination that will take place from Oct 19 to 20.

    Universities are encouraged to adopt a flexible combination of online and offline teaching methods based on the needs of students and industry demands. Those offering continuing education will have a standardized admissions process through adult college entrance examinations, maintain the same basic requirements for professional teaching and provide unified graduation certificates, the ministry said.

    Last year, the number of candidates registering for the adult college entrance examination reached 12 million, a 0.5 percent increase year-on-year, according to the ministry.

    This year’s 820 majors for the continuing higher education programs that have been filed by the ministry comprise 411 undergraduate and 409 associate degree courses.

    Currently, the continuing higher education programs include full-time, part-time and correspondence courses. The latter two will be unified under the non-full-time category to streamline and enhance the educational experience, said Xiong Bingqi, director of the 21st Century Education Research Institute.

    The reform, first mentioned in a 2022 directive, highlights the changing landscape of adult education and seeks to offer courses based on societal needs and institutional capabilities, Xiong said.

    Correspondence education originally referred to a teaching method where instructors and students communicated via mailed letters. It has since evolved into a remote education model that includes postal letters, online platforms and phone communication. Students focus on self-study and attend intensive in-person sessions lasting seven to 15 days each semester.

    On the other hand, part-time education programs are organized on evenings and weekends for concentrated face-to-face instruction.

    The format of correspondence education has shifted from its original method of mail-based teaching to predominantly online learning, while part-time programs have also incorporated online teaching methods and moved beyond the requirement for learners to attend in-person night classes.

    “The distinction between correspondence and part-time formats arose during a time when online education was less developed, allowing students to choose based on their work and life schedules. However, this division has created limitations for schools in organizing teaching,” Xiong said.

    Typically, correspondence education is often perceived as inferior to part-time programs, while part-time programs are considered less important than full-time studies.

    “By standardizing these formats under non-full-time education, learners will no longer feel pressured by these distinctions, allowing institutions to organize their teaching more flexibly,” Xiong said.

    More importantly, the value of continuing education credentials does not depend on the mode of instruction, but rather on course evaluation and graduation assessments.

    “It is crucial to ensure that nonfull-time education diplomas receive the same recognition as those from full-time programs,” he said.

    In addition, some training institutions and recruitment agencies may urge learners to take advantage of correspondence programs while they can, as the new pattern will take effect by the fall of 2025.

    In response, the ministry has warned against misleading marketing tactics by some training institutions, urging a crackdown on fraud and exam disruptions to protect the integrity of the adult education system.

    MIL OSI China News

  • MIL-OSI China: Authority outlines measures to beef up fire alert systems

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

    China’s top forest and grassland fire prevention authority has recently issued a notice to bolster the construction of a fire warning and monitoring system, as the country enters the seasons of autumn and winter, which are high-risk periods for wildfires.

    The notice was released by the National Forest and Grassland Fire Prevention and Control Command at the end of last month, according to a news release from the Ministry of Emergency Management on Tuesday.

    The release said that the notice serves as a directive document for enhancing the forest and grassland fire warning and monitoring systems in the current and future periods.

    According to the notice published on the command’s official website, the system will rely on the existing national fire risk prediction and forecasting system, which is supported by the emergency management, forestry, grassland and meteorological departments.

    It aims to integrate data collection, improve joint consultation and assessment, and promptly issue various forecasts and warnings.

    The notice outlines 13 specific tasks and measures from the perspectives of the warning and monitoring systems, including real-time data sharing, dynamic and precise consultation and assessment and rapid response mechanisms.

    Additionally, it provides a step-by-step implementation plan and a timeline for specific tasks, noting that over the next five years, a national warning and monitoring system on forest and grassland fires will be established at an early stage.

    Simultaneously, a national forecast system on forest fire risk will be developed.

    Routine grassland fire risk forecasting is required to be initiated, and the notice pointed out that this task has been completed this year.

    Moreover, comprehensive monitoring stations for forest and grassland fire risk factors will be set up in key areas to establish a preliminary fire risk sensing network, according to the notice.

    The fire risk consultation mechanism is also required to be optimized to enhance rolling assessments and short-term warning capabilities.

    By 2025, mechanisms for data aggregation and information sharing at all levels will be established. In addition, fires caused by lightning strikes are a key focus, with the notice saying that by 2026, a lightning fire monitoring network will be established in key areas to improve monitoring and warning capabilities targeting the fire factor.

    Notably, the notice aims to achieve a fusion of “top-down macro fire forecasting and broad-area monitoring with bottom-up short-term forecasting and real-time monitoring” by 2030.

    Last Sunday, the China Meteorological Administration held a special meeting to analyze and assess the forest and grassland fire risk climate trends for autumn and winter, and to deploy next-phase meteorological services.

    The meeting emphasized the need to fully utilize modern technologies such as satellite remote sensing and drone monitoring to strengthen rolling monitoring, forecasting and warning of forest and grassland fire risks in key areas and periods, according to a news release from the meteorological agency.

    Additionally, it highlighted the importance of strengthening joint consultation and information sharing to ensure timely decision-making.

    On Tuesday, the general offices of the Communist Party of China Central Committee and the State Council released a separate notice on further enhancing grassroots emergency management capabilities, which was published by Xinhua News Agency.

    The notice called for promoting a shift in public safety governance toward preemptive prevention, further increasing the accuracy of warnings.

    It also emphasized strengthening the construction of monitoring networks for natural disasters such as floods and mudslides, as well as safety production and fire safety risks.

    The notice also suggested establishing a system of full-time or part-time information reporters to enhance data aggregation, sharing and comprehensive risk assessment.

    It pointed out that local authorities should regularly conduct risk source identification and assessment, actively using advanced technologies such as the internet of things and big data to strengthen real-time risk monitoring in high-risk areas such as aging gas pipelines, bridges, tunnels and dangerous reservoirs, and to formulate safety prevention measures.

    MIL OSI China News

  • MIL-OSI China: Mozambicans vote for new leaders

    Source: China State Council Information Office

    Ossufo Momade (Front) of Mozambique’s main opposition party Renamo is seen after casting his vote at a polling station in Maputo, Mozambique, on Oct. 9, 2024. [Photo/Xinhua]

    Mozambicans began voting on Wednesday for a new president.

    Around 17 million people are registered to vote, including 333,839 voters registered in the diaspora participating from seven African and two European countries as part of Mozambique’s global electoral process.

    The 2024 general elections mark the seventh presidential election, with the ruling party Frelimo’s candidate, Daniel Chapo, 47, aiming to succeed incumbent President Filipe Nyusi, who is completing his maximum of two terms.

    Chapo faces competition from three other candidates: Lutero Simango of the Democratic Movement of Mozambique, Ossufo Momade of the main opposition party Renamo, and independent candidate Venancio Mondlane backed by Optimistic Party for the Development of Mozambique.

    In addition to the presidential race, voters will elect 250 members of parliament and 794 members for provincial assemblies, with 35 political parties competing for national parliamentary seats and 14 parties and civic groups vying for provincial positions.

    According to observers from national and international organizations, the one-day electoral process is proceeding smoothly. Reports indicate that 92.8 percent of the 3,297 voting stations visited by 800 electoral observers had the presence of party delegates.

    After casting his vote at around 7:05 a.m. local time on Wednesday at the Josina Machel Secondary School in the country’s capital of Maputo, President Nyusi urged for calm throughout the voting process.

    “The game has 90 minutes. Only after the whistle do we know the result. We must avoid declaring victory prematurely, after 15 or 20 minutes, or even during halftime,” he stated, emphasizing that results should not be announced before the official conclusion.

    He also underscored the necessity of maintaining peace and transparency during the election, saying “Let’s ensure our democracy strengthens the development of our country.”

    Despite the rainy weather in the capital, which he referred to as a “blessing,” Nyusi encouraged all eligible voters to head to the polls within Mozambique and in the nine other countries where they are voting.

    Chapo, if elected, would become the first leader born after Mozambique’s independence. After casting his vote in Inhambane Province in southern Mozambique, he called for a peaceful continuation of the electoral process, urging that the celebratory spirit of the campaign carry through to the voting and counting phases.

    “We saw that during the campaign, all Mozambicans were in a festive mood. The campaign was orderly, peaceful, and without violence. Our appeal is that we continue in this manner today, even after the polls close, during the counting, and the announcement of results,” Chapo said.

    Momade expressed his desire for the elections to be free, fair, and transparent, respecting the will of the voters. “We want free, fair, and transparent elections. We want the decision of Mozambicans to be respected,” Momade said shortly after voting at Josina Machel Secondary School in Maputo.

    After casting his vote at the 25 de Setembro Primary School in Maputo, Mondlane called for continued vigilance among voters, especially the youth, until results are announced.

    “Today is a pivotal day for our future. I think it’s a historic moment. History is anxious, announcing a generational transition, a democratic changeover,” he said to journalists, warning that if there are signs of fraud, the reaction will not be as peaceful as in previous elections.

    Vote counting is expected to begin immediately after polls close. The National Election Commission (CNE) has up to 15 days to deliver the full results to the Constitutional Council for validation and formal declaration.

    According to the CNE, the electoral process is being monitored by 11,516 national observers and 412 international observers, including delegations from the Community of Portuguese-Speaking Countries, the European Union, and the Southern African Development Community. 

    MIL OSI China News

  • MIL-OSI China: Chinese envoy urges Israel to stop weaponizing humanitarian assistance

    Source: China State Council Information Office

    Fu Cong, China’s permanent representative to the United Nations, urged Israel on Wednesday to stop weaponizing humanitarian assistance, lift the blockade of Gaza and the restrictions on humanitarian access, and cooperate fully with the UN and other humanitarian agencies.

    In remarks at the UN Security Council briefing on the humanitarian situation in Gaza, Fu said the Gaza conflict and the situation in the Middle East have been at the forefront of the council’s work since October last year, but the situation has not improved so far, and “instead, it has continued to deteriorate.”

    “The authority of international law seems to exist in name only for certain states, and the bottom line of international humanitarian law has been repeatedly shattered,” he lamented.

    Fu stressed, “We cannot accept that death and hunger have become the new normal in Gaza.”

    Underscoring that humanitarian aid is the hope for survival for the people in Gaza, the ambassador said the role of UNRWA, the UN relief agency for Palestinians, is indispensable and irreplaceable. “China firmly opposes Israel’s smearing and suppression of UNRWA, and is gravely concerned about the relevant Knesset bills targeting the agency.”

    He said the international community cannot allow the conflict to drag on and expand, and cannot “just sit back and watch the entire Middle East plunging into an all-out war.”

    “The harsh reality has proved that winning a war does not necessarily mean having peace, military might alone cannot guarantee lasting security, and the obsession with force only creates more killings and hatred,” Fu pointed out, urging Israel to cease all military operations in Gaza and put an end to the collective punishment of the people in Gaza.

    He said the intensified settlement activities and violence in the West Bank were a de-facto obliteration of the foundation of the two-State solution, and must stop immediately.

    “Lebanon must not become the next Gaza,” he said, adding that China calls on all parties to exercise restraint and achieve a ceasefire, and urges Israel in particular to stop taking actions that would further escalate the situation. 

    MIL OSI China News

  • MIL-OSI China: Fed minutes show officials divided on half point rate cut

    Source: China State Council Information Office

    U.S. Federal Reserve officials were divided on the size of the rate cut in its recent policy meeting, according to the minutes of the Fed’s Sept. 17-18 meeting released Wednesday.

    “Noting that inflation was still somewhat elevated while economic growth remained solid and unemployment remained low, some participants observed that they would have preferred a 25 basis point reduction of the target range at this meeting, and a few others indicated that they could have supported such a decision,” the minutes showed.

    Eleven out of the 12 voting members of the Federal Open Market Committee (FOMC) voted for the 50 basis point reduction, according to an earlier statement. Voting against this action was Michelle W. Bowman, who preferred to lower the target range for the federal funds rate by 25 basis points.

    “Several participants noted that a 25 basis point reduction would be in line with a gradual path of policy normalization that would allow policymakers time to assess the degree of policy restrictiveness as the economy evolved,” the minutes said.

    “A few participants also added that a 25 basis point move could signal a more predictable path of policy normalization,” the minutes continued.

    The minutes also noted that a few participants remarked that the overall path of policy normalization, rather than the specific amount of initial easing at this meeting, would be more important in determining the degree of policy restriction.

    After its Sept. 17-18 meeting, the Fed slashed the target range for the federal funds rate by 50 basis points to 4.75 percent to 5 percent, amid cooling inflation and a weakening labor market. This marked the first rate cut in over four years and signals the start of an easing cycle.

    U.S. Federal Reserve Chair Jerome Powell said recently that if the economic data stays stable, future rate cuts are expected to be smaller than the half-percentage-point reduction in September.

    According to data released by the Labor Department on Friday, U.S. employers added 254,000 jobs in September, as unemployment rate edged down to 4.1 percent, signaling that the labor market remains steady.

    The Fed will hold its next policy meeting from Nov. 6 to 7. The Chicago Mercantile Exchange Group’s FedWatch tool, which acts as a barometer for the market’s expectation of the Fed funds target rate, showed that as of Wednesday, the probability of the Fed cutting rates by 25 basis points at the November meeting is nearly 80 percent.

    MIL OSI China News

  • MIL-OSI China: China calls on US to lift sanctions

    Source: China State Council Information Office

    People visit the China Homelife USA expo at the Los Angeles Convention Center in Los Angeles, the United States, on Sept. 11, 2024. [Photo/Xinhua]

    Stable China-United States business ties would contribute to the security and stability of global industrial supply chains, fostering a favorable policy environment for collaboration between companies from both sides, said market watchers and business executives on Wednesday.

    China’s Ministry of Commerce said on Tuesday that China has called on the US to promptly lift sanctions on Chinese companies and enhance the business environment for its firms operating in the US.

    During a phone call with US Secretary of Commerce Gina Raimondo on the same day, China’s Minister of Commerce Wang Wentao expressed serious concerns over US policies on semiconductors, targeting China, and restrictions on Chinese intelligent connected vehicles.

    It is necessary to clarify national security boundaries in the economic and trade fields, as it is conducive to maintaining the security and stability of global industrial supply chains and creating a favorable policy environment for cooperation between the business communities from the two countries, Wang stressed.

    This conversation was part of the institutional communication arrangement between the commerce authorities of both countries, said the Ministry of Commerce.

    As many global industries, such as electronics, automotive and pharmaceuticals, rely on components and materials sourced from both China and the US, a stable relationship can minimize disruptions and prevent production delays and supply shortages in many business areas, said Wang Zhongmei, a researcher at the Institute of World Economy of Shanghai Academy of Social Sciences.

    Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing, warned that given various factors such as the upcoming US election in early November, it is critical to view Sino-US economic and trade relations with caution.

    In the short term, there will be challenges, but in the long run, the trend of mutually beneficial cooperation between China and the US remains unchangeable, said Zhang.

    “For US companies, China is an indispensable market,” he added. “If trade tensions escalate, these companies may once again urge the US government to adopt a more proactive and balanced economic and trade policy. Business needs can, to a certain extent, influence government actions.”

    According to the 2024 Kearney FDI (foreign direct investment) Confidence Index, reflecting investors’ expectations for FDI over the next three years, China’s global ranking has risen from seventh to third place.

    “Multinational companies initially looked at China as a supplier and then as a huge market. But now, increasingly, we are looking at China as an innovation center,” said Andrew Wu, general manager of the China branch of US-based commercial data and analytics firm Dun & Bradstreet.

    Also viewing China as crucial to its global business strategy, Willie Tan, CEO of Skechers China, South Korea and Southeast Asia, said that despite external challenges, China remains a crucial market for global brands. Its vast consumer base, strategic importance in global supply chains and ongoing commitment to reform and innovation create significant opportunities.

    With over 3,500 stores in China, the US footwear brand plans to continue market expansion in the coming years.

    Mark Jaffe, CEO of the Greater New York Chamber of Commerce, said that no one wants to halt cooperation and exchange between the two countries. China and the US have already established long-term partnerships in fields such as artificial intelligence and pharmaceuticals.

    In the face of increasingly intense global competition, Jaffe said it will be necessary for the two sides to further expand and deepen trade relations in the future.

    In the first eight months of 2024, the US remained China’s third-largest trading partner, with the total trade value between the two countries reaching 3.15 trillion yuan ($446.21 billion), up 4.4 percent year-on-year and accounting for 11 percent of China’s total foreign trade value, statistics from the General Administration of Customs showed.

    MIL OSI China News

  • MIL-OSI China: Xi congratulates Saied on re-election as Tunisian president

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

    BEIJING, Oct. 10 — Chinese President Xi Jinping on Wednesday sent a congratulatory message to Kais Saied on his re-election as president of the Republic of Tunisia.

    Xi pointed out that China and Tunisia enjoy profound traditional friendship. In recent years, under the joint guidance of both leaders, bilateral relations have developed in a sound and steady manner, with fruitful exchanges and cooperation in various fields and ever deepening traditional friendship, Xi said.

    Xi said he and Saied announced the establishment of China-Tunisia strategic partnership during Saied’s successful state visit to China in May, pushing bilateral relations to a new level.

    Xi said he highly values the development of China-Tunisia relations and is ready to work with Saied to take the 60th anniversary of the diplomatic ties this year as an opportunity to carry forward China-Tunisia friendship, deepen exchanges and cooperation in various fields and push for steady and long-term growth of China-Tunisia strategic partnership.

    MIL OSI China News

  • MIL-OSI Economics: Secretary-General of ASEAN joins the 27th ASEAN-China Summit

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, attended the 27th ASEAN-China Summit, which took place this morning in Vientiane, Lao PDR. The Summit was attended by the ASEAN Leaders or their representatives, the Premier of the State Council of China, and the Secretary-General of ASEAN. Timor-Leste attended as Observer.

    The Leaders reviewed the progress of ASEAN-China cooperation and discussed its future direction, particularly on advancing the ASEAN-China Comprehensive Strategic Partnership. The Leaders adopted a Joint Statement on Deepening Cooperation in People-to-People Exchanges, in line with the theme of the ASEAN-China Year of People-to-People Exchanges. The Leaders also exchanged views on regional and international issues of common interest and concern.

    The post Secretary-General of ASEAN joins the 27th ASEAN-China Summit appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Banking: Secretary-General of ASEAN joins the 27th ASEAN-China Summit

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, attended the 27th ASEAN-China Summit, which took place this morning in Vientiane, Lao PDR. The Summit was attended by the ASEAN Leaders or their representatives, the Premier of the State Council of China, and the Secretary-General of ASEAN. Timor-Leste attended as Observer.

    The Leaders reviewed the progress of ASEAN-China cooperation and discussed its future direction, particularly on advancing the ASEAN-China Comprehensive Strategic Partnership. The Leaders adopted a Joint Statement on Deepening Cooperation in People-to-People Exchanges, in line with the theme of the ASEAN-China Year of People-to-People Exchanges. The Leaders also exchanged views on regional and international issues of common interest and concern.

    The post Secretary-General of ASEAN joins the 27th ASEAN-China Summit appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Asia-Pac: Speech by SITI at LSCM Logistics Summit 2024 (English only)

    Source: Hong Kong Government special administrative region

    Speech by SITI at LSCM Logistics Summit 2024 (English only)
    Speech by SITI at LSCM Logistics Summit 2024 (English only)
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         Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the LSCM Logistics Summit 2024 today (October 10):萬部長 (Deputy Director-General of the Youth Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Ms Wan Ning), 謝書記 (Deputy Secretary of the CPC Working Committee of Nansha Development Zone, Guangzhou Mr Xie Wei), Alan (Chairman of the Logistics and Supply Chain MultiTech R&D Centre (LSCM), Professor Alan Lam), Simon (Chief Executive Officer of the LSCM, Mr Simon Wong), distinguished speakers and guests, ladies and gentlemen,     Good morning. It is my great pleasure to join you today again at the LSCM Logistics Summit, the annual signature event that brings together industry experts, business leaders, and academics to exchange ideas on the latest developments in innovation and technology (I&T) and to promote technology adoption.     In recent years, we have witnessed remarkable advancements in I&T that have accelerated our efforts in building a smart city and bolstering the digital economy. This Summit, themed “The New Era of Digitalisation: From Smart City to Digital Economy”, represents a much-welcome opportunity to explore how the evolving technologies are shaping and digitalising Hong Kong and the entire Greater Bay Area (GBA).      Promoting digital economy and smart city development in Hong Kong is one of our major strategic directions as set out in the Hong Kong I&T Development Blueprint promulgated in late 2022. Smart Mobility and Smart Living are also key areas in smart city development. Paying heed to these strategies and priorities, the Government works closely with our key stakeholders such as the LSCM to collaborate on the I&T adventure.      The LSCM is an active partner in our endeavours on smart city development. It participates in a number of pilots and proofs-of-concept involving government bureaux and departments. A notable example is the development of the Cross-boundary Public Services self-service kiosks. The kiosks currently support around 70 public services from the Government, covering tax, company registration, property and vehicle, among others. Setting up in various GBA Mainland cities such as Zhuhai, Guangzhou and Shenzhen, these kiosks facilitate access to Hong Kong’s public services for residents and enterprises in the GBA Mainland cities, doing away with the need for in-person visits and providing significant convenience.         The LSCM’s efforts have gained wide recognition both locally and internationally, as evident by the eight awards they received at the International Exhibition of Inventions Geneva in April this year, including the self-service kiosk I shared just now. Other award-winning solutions cover a broad range of technologies such as satellite signal monitoring and Internet of things.       All these demonstrate the strong capability and creativity of the LSCM, and represent a testimony to Hong Kong’s strengths and commitment to turning our vision of becoming an international I&T centre into reality.      I am excited to learn that the LSCM will expand its collaboration networks by signing three MOUs with three leading research institutes from Mainland China respectively covering different fields of information technology such as software and container logistics. I am confident that these collaborations will inject new impetus into the LSCM’s work to generate more breakthroughs in the areas of smart city-related solutions.      Ladies and gentlemen, the development of a smart city will remain a priority of the Government. Collaboration will be the key. We will continue to join hands with our partners in the public and private sectors to push forward the smart city development of Hong Kong.         Before I close, I wish you all a rewarding experience at the LSCM Summit 2024.  Thank you very much.

     
    Ends/Thursday, October 10, 2024Issued at HKT 11:45

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    MIL OSI Asia Pacific News

  • MIL-OSI China: Tracing the origins of Confucian inspiration

    Source: China State Council Information Office 3

    Across the span of human history, many great thinkers have shone like bright stars, profoundly shaping civilization. Confucius is one of them. Throughout the millennia since his time around the 5th century BC, the school of thought he founded and the Confucianism that developed from it has continued to offer inspiration for people, not only in China.

    A new exhibition at the Palace Museum in Beijing opened on the National Day holiday to demonstrate the lasting legacy of the sage through 380 cultural relics on loan from nearly 30 institutions from home and abroad. It will run for more than three months.

    In the Meridian Gate Galleries, above the southern entry of the former Chinese imperial palace also known as the Forbidden City, When the Great Way Prevails: Special Exhibition of Confucian Culture launches a time travel spectacle resonating with ancient ritual and wisdom.

    Through the objects on display, this exhibition aims to illustrate the historical context, core concepts, and far-reaching influence of Confucian culture.

    “The agricultural civilization of China shaped the nation’s cultural genes: order, stability, humility and peace as the core values,” says Da Weijia, deputy director of department of objects and decorative arts of the Palace Museum, who is in charge of organizing the exhibition.

    “From these, Confucianism developed, and continually influenced people’s values, ways of thinking and behavioral norms, producing a distinctive Confucian culture,” she says. “It still resonates with our modern life today.”

    Exhibited ceremonial musical instruments and ritual bronze wares, showing the hierarchical social status from the Western Zhou Dynasty (c. 11th century-771 BC) to Confucius’ time, display his lofty pursuit.

    The authority of Zhou kings declined as feudal lords vied for supremacy, bringing devastating damage to the ritual system.

    Confucius decided that his mission was to revive the rituals in the hope of reestablishing the social order, Da explains. “At that time, many schools of thought put forward their ideas in response to the disorder and division. These greatly expanded the breath and depth of people’s thinking.”

    By “interpreting rituals with benevolence”, Confucius, a pioneering educator who also first initiated private schools in China, established an all-encompassing moral code that was closely tied to human nature.

    More than 300 years later, Emperor Wu of the Han Dynasty (206 BC-AD 220), who ruled a unified country of vast territory, supported Confucian thought, with Confucius’ teachings as its key exemplar, to become the official orthodoxy.

    Exhibits ranging from figure paintings to various editions of Confucian classics show how Confucianism has been a vital source of spiritual nourishment for the Chinese nation in its continuous growth. “This culture has kept pace with the times and evolved in response to historical changes,” Da says.

    On a Ming Dynasty (1368-1644) hanging scroll, Confucius Giving a Lecture, a romantic imagination on how the educator inspired his disciples was featured. In China, Confucius deserves his reputation as an exemplary teacher of any age for the moral principles and love of learning he set.

    A Tang Dynasty (618-907) portrait of centenarian Fu Sheng, whose long life spanned the 3rd to 2nd centuries BC, urges visitors to remember this brave scholar, who spent his lifetime protecting Confucianism during a time of war and social upheaval. This precious painting, on loan from Osaka City Museum of Fine Arts, is often credited to Tang poet Wang Wei, a household name for Chinese people.

    Confucian classics engraved on stones, across several dynasties, demonstrated their status as the official guiding thoughts. This physical evidence may have fallen into fragments but the highlighted wisdom they recorded seem to have lasted much longer.

    “Confucianism advocates fulfilling responsibilities to the family and the state, extending moral conduct from cultivating the self and regulating the family to rightly governing the state, bringing peace to all under heaven,” Wang Guangyao, a researcher with the Palace Museum and a curator of the exhibition, explains.

    Calligraphic works left by iconic Confucian philosophers, such as Wang Shouren, also known as Wang Yangming from the Ming Dynasty, demonstrated how generations of Chinese literati pursued the ideals portrayed by the ancient sages. For the Common Good, a handwritten scroll by last century’s revolutionary pioneer Sun Yat-sen demonstrating his signature slogan, probably reflects Confucian mindset in national governance in a modern context.

    Archaeological findings also help to further record ancient people’s Confucian practices in detail. A group of displayed bamboo slips that were unearthed from a Han Dynasty tomb in Wuwei, Gansu province, usher modern people to review how those who lived in ancient times respected the elderly.

    This was a cornerstone of Confucian moral codes. In Confucianism, a goal is “to build a society where the elderly have a place to live, the strong have a place to work, the young have a place to grow, and the widowed, the orphaned, the disabled, and the sick are all taken care of”.

    As the exhibition also shows, Confucian culture has spread far and wide. In the East, Confucianism had its deep impact on neighboring Asian countries. In the West, Confucianism even inspired Enlightenment philosophers like Voltaire with its humanist and rationalist spirit.

    Sacrificial bronze wares from the Temple of Confucius in Qufu, Shandong province, also the sage’s hometown, and a group of Edo-era animal-shaped bronze vessels used for Confucius-honoring ceremonies from Tokyo National Museum are jointly displayed to provide a glimpse of a shared cultural circle.

    A Joseon Dynasty edition of ancient Chinese Confucian classic Zuo’s Commentary on the Spring and Autumn Annals and a screen with Chinese characters promoting core values of Confucian virtues, both from the National Folk Museum of Korea in Seoul also reflect significance of Confucianism in people’s daily life on the Korean Peninsula.

    “To this day, the profound wisdom, ideals and moral standards of Confucian culture continue to inspire people from different civilizations around the world to understand each other and learn from each other,” Wang Guangyao says.

    This curator wants to create not only width, but also a long lineage in this review of Confucianism. That is why the time span of displayed relics started from a period much earlier than Confucius’ time. A section of the exhibition is particularly designed for many milestone relics from Neolithic period to trace the roots of the rites and ceremonies that were admired by Confucius.

    Jiahu bone flute, dating back 9,000 years, and ceremonial jade artifacts, more than 5,000 years old, may belong to different eras than Confucius’, but the ritual system and shared cultural community they contributed to build may create a foundation for his school of thought.

    “Confucius’ philosophies didn’t suddenly pop out,” Wang Guangyao explains. “These relics reflect our ancestors’ concern for virtues and order, and they explain how a united China chose Confucianism as a guiding mindset in national governance.”

    MIL OSI China News

  • MIL-OSI China: Xi extends greetings to elderly on eve of China’s Seniors’ Day

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

    BEIJING, Oct. 10 — Chinese President Xi Jinping has extended greetings to the elderly on the eve of the country’s Seniors’ Day, which falls on Friday this year.

    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, expressed the hope that the elderly are well provided for, enjoy their lives, and continue their pursuits.

    Xi made the remarks in a letter to representatives of seniors who participate in a national voluntary initiative.

    MIL OSI China News