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Category: China

  • MIL-OSI China: China unveils raft of measures to stabilize property market

    Source: China State Council Information Office

    This file photo shows a renovated residential building in a community in Yanta District of Xi’an, northwest China’s Shaanxi Province. [Photo/Xinhua]

    The People’s Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market.

    The mortgage rates for first homes, second homes and more are required to be reduced no lower than 30 basis points below the loan prime rate (LPR) by Oct. 31, 2024 to ease financial burdens on property owners.

    In principle, 18 national commercial banks need to release their plans for adjustments before Oct. 12.

    The minimum down payment ratio for individuals’ commercial housing mortgages will be lowered to no less than 15 percent for both first-home and second-home purchases.

    The pricing mechanism for interest rates of individuals’ commercial housing mortgages will be refined so that the rates can be adjusted dynamically based on agreements between borrowers and banks.

    The central bank will increase funding for financial institutions if they issue loans to support local state-owned enterprises to acquire completed yet unsold commercial housing at reasonable prices for use as affordable housing.

    In addition, some financial policies for the property market will be extended.

    This array of stimulus measures came after a recent meeting of the Political Bureau of Communist Party of China Central Committee underlined efforts to reverse the downturn of and stabilize the real estate market.

    MIL OSI China News –

  • MIL-OSI China: 4 killed, 49 wounded in Israeli airstrikes on Yemen’s Hodeidah

    Source: China State Council Information Office

    At least four people were killed and 49 others wounded on Sunday in Israeli airstrikes on Yemen’s Red Sea port city of Hodeidah, the Houthi-run al-Masirah TV reported, citing health sources.

    The al-Masirah TV described the attacks as “Israeli aggression,” detailing that the port in the Ras Issa area and power stations in the districts of Al-Hali and Al-Katheeb were attacked.

    “Four people were killed, including a port worker and three engineers at Al-Hali electricity power station,” the television said, adding that 49 others were injured and rescue operations are still ongoing.

    Earlier in the day, Israel’s military said it had conducted airstrikes on Houthi targets in Hodeidah, striking power plants and a seaport which it alleged the Houthis used for transferring weapons, military supplies, and oil.

    The air raid involved dozens of aircraft, including fighter jets, mid-air refueling planes, and intelligence aircraft, with the targets located approximately 1,800 km from Israel.

    A pro-government Yemeni official, speaking on condition of anonymity, told Xinhua that more than ten airstrikes targeted key infrastructure, including oil tanks, airport, and other port facilities along the Red Sea coast.

    Meanwhile, residents said they heard jets roaring overhead, and ambulances were seen rushing through the streets. They added that Houthi fighters have cordoned off the targeted areas.

    Meanwhile, the Houthi group issued a statement, informing residents in areas under its control that “it has already taken the necessary measures for any emergency and that the fuel supply is stable.”

    The Israeli military said that “the strikes were carried out in response to recent attacks by the Houthis against Israel,” referring to two missiles launched toward central Israel from Yemen — one fired at a military target in the Jaffa area of Tel Aviv on Friday and the other targeting the Ben Gurion Airport, near Tel Aviv, on Saturday. Both missiles, intercepted by Israel’s aerial defenses, caused no injuries.

    The Israeli airstrikes on Houthi targets expanded its confrontation with Iran’s allies in the region after killing Hezbollah’s top leader, Sayyed Hassan Nasrallah, on Friday in an escalating conflict in Lebanon.

    Yemen’s Houthis have launched sporadic attacks on Israel and disrupted “Israeli-linked” shipping in the Red Sea since November last year, allegedly to support Palestinians in their conflict with Israelis.

    MIL OSI China News –

  • MIL-OSI China: Remains of 8 martyrs identified in Xizang

    Source: China State Council Information Office 2

    China’s Ministry of Veterans Affairs on Sunday announced that it has confirmed the identities of eight martyrs whose remains were found in the Ngari Prefecture of the country’s southwestern Xizang Autonomous Region last year.
    Xi Yufeng, the ministry official in charge of the recovery of martyrs’ remains, said at a press conference that a national search team and a DNA lab that identifies martyrs’ remains have been working together since 2023 to recover and identify the eight sets of remains in Ngari.
    It was the first time a national search team has worked in a high-altitude environment since China officially established these teams in 2022, according to the ministry.
    The ministry also worked on facial reconstruction with forensic experts at Shanghai’s Fudan University.
    At a press conference earlier this month, it announced that it had located living family members of over 60,000 martyrs through an online service, which collects inquiries from the public. 

    MIL OSI China News –

  • MIL-OSI China: Taiwan gathering expresses opposition to ‘Taiwan independence’ narrative

    Source: China State Council Information Office 2

    Around 1,600 people from various sectors in Taiwan gathered at an event Saturday, calling for a distancing from “Taiwan independence” and expressing their desire and determination for peace, dialogue and reunification.
    Most attendees wore coordinated jackets with the following message printed on the back: “Supporting the 1992 Consensus, caring for people’s well-being, rejecting ‘Taiwan independence,’ and advocating cross-Strait peace and shared prosperity.”
    The event in New Taipei City involved a number of political parties and civil organizations.
    The 1992 Consensus serves as the political foundation for mutual trust between the two sides of the Taiwan Strait, with its core meaning being that both sides belong to one China, said Hung Hsiu-chu, former chairperson of the Chinese Kuomintang party and chair of the Taiwan-based Chinese Cyan Geese Peace Education Foundation, at the event.
    Hung criticized the Democratic Progressive Party (DPP) authorities for ignoring and distorting history, suppressing dissent on the island, clinging to the United States, and provoking confrontation with the mainland.
    Calling on the two sides of the Strait to work together toward national reunification, she urged the people of Taiwan, especially the youth, to understand and identify with Chinese history and cultural traditions, and to be aware of the historical mission they shoulder.
    “I am Chinese and I am proud. As Chinese people, we should not be afraid to say it openly,” said Wu Cheng-tien, chairman of the New Party, at the event.
    For both sides of the Strait, there is no better path than peaceful reunification and people in Taiwan bear the great responsibility to strive together for the cause, Wu added.
    Wu Jung-yuan, chairman of the Labor Party in Taiwan, urged the people of Taiwan to be highly vigilant given the current situation where Taiwan, through the collusion of “Taiwan independence” separatists and external forces, has been tied to a war machine — which is dragging the island toward the brink of conflict.
    The event, at which people stood up to voice opposition to war and “Taiwan independence” and show support for peaceful reunification, aimed to demonstrate that the “Taiwan independence” path is not supported by most people in Taiwan, said Gao An-go, a retired military officer and one of the event’s organizers.
    “We all earnestly hope for a peaceful and stable environment, but right now, this beautiful island is rapidly slipping into a dangerous situation, and the people of Taiwan feel a deep sense of fear and helplessness about the future,” said Xiong Zi-jie, president of the Hunan Chamber of Commerce in Taiwan.
    “This is why we must completely sweep ‘Taiwan independence’ separatists into the dustbin of history and restore a peaceful and prosperous Taiwan for its people. Once the scourge of ‘Taiwan independence’ is removed, peaceful reunification will be within reach,” he said.

    MIL OSI China News –

  • MIL-OSI China: China-ASEAN commercial arbitration cooperation center inaugurated

    Source: China State Council Information Office

    The China-ASEAN Commercial Arbitration Cooperation Center has been inaugurated in Nanning, south China’s Guangxi Zhuang Autonomous Region, according to China’s Ministry of Justice.

    An inauguration ceremony was held at the China-ASEAN Commercial Law Forum to mark the event.

    Initiated by the arbitration association of Guangxi, the center is a non-profit communication and cooperation platform for international commercial arbitration. It was established jointly by arbitration bodies, legal services agencies, business associations and university think tanks from China and ASEAN countries.

    It aims to deepen and expand exchange and cooperation on arbitration among China and ASEAN countries, according to the ministry. It also aims to provide high-quality, efficient and professional arbitration-related services and support for China-ASEAN trade and regional economic development.

    The center’s first batch of initiating units comprises the arbitration association of Guangxi, the ASEAN Law Association, the Asian Institute of Alternative Dispute Resolution and eight other units.

    MIL OSI China News –

  • MIL-OSI China: China’s top political advisor urges renewed efforts in building community for Chinese nation

    Source: China State Council Information Office 2

    Wang Huning, China’s top political advisor, on Sunday called for greater efforts in building the community for the Chinese nation.
    Wang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People’s Political Consultative Conference, made these remarks while meeting with a visiting group of role models for ethnic unity and progress honored by the CPC Central Committee and the State Council this year.
    Hailing the role models for their remarkable contributions, Wang expressed hope that they would continue to set good examples of supporting the Party, being patriotic and loving the people.
    He also urged them to take the lead in forging a sense of community for the Chinese nation, promoting comprehensive and in-depth reform, and realizing common prosperity for people of all ethnic groups.
    A grand meeting honoring role models for ethnic unity and progress was held in Beijing this Friday, where 352 groups and 368 individuals were honored. 

    MIL OSI China News –

  • MIL-OSI China: Chinese researchers achieve breakthrough in DNA-based storage of brain MRI data

    Source: China State Council Information Office 2

    Tianjin University’s Frontiers Science Center for Synthetic Biology, in collaboration with Tianjin Huanhu Hospital, has made a major breakthrough in DNA-based data storage, introducing the innovative DNA Palette coding scheme.
    This new method enables the successful encoding of brain magnetic resonance imaging (MRI) data into DNA, as well as lossless decoding and the 3D reconstruction of imaging data, paving the way for the development of advanced medical data storage technologies.
    The results of the study that saw this breakthrough have been published in the National Science Review.
    Brain MRI scans are an essential tool for clinical diagnosis, surgical planning and treatment evaluation. However, the vast amounts of data generated during these scans pose significant challenges for long-term storage methods.
    This issue is particularly critical for diseases such as juvenile Parkinson’s, epilepsy and neurogenetic disorders, as lifelong data accumulation and analysis are essential in such cases. Current storage mediums struggle to meet the high demand for large-scale, long-term data storage.
    DNA, known to have exceptional stability and storage density, has emerged as a promising medium for data storage. The Tianjin University research team successfully encoded 11.28 megabytes of brain MRI data into approximately 250,000 DNA sequences, achieving an impressive data density of 2.39 bits per base.
    The encoded oligos, which are single strands of synthetic DNA, are stored in dry powder form, weigh just 3 micrograms and support over 300 read operations under current technical standards. This breakthrough demonstrates DNA’s potential as a long-term, efficient, secure storage medium for medical data.
    This study marks a crucial step toward the practical application of DNA data storage, offering a new technical route for the secure storage of large amounts of medical data and accelerating the broader adoption of DNA-based storage technologies. 

    MIL OSI China News –

  • MIL-OSI China: Xizang transmits 14.6B kWh of clean energy out of region

    Source: China State Council Information Office 2

    As of Aug. 30, southwest China’s Xizang Autonomous Region has transmitted 14.6 billion kilowatt-hours (kWh) of clean energy outside the region since 2015, according to a press conference held on Sunday.
    The power has been transmitted to provincial-level regions in other parts of China, helping reduce the use of standard coal by about 4.48 million tonnes and cutting carbon dioxide and sulfur dioxide emissions by approximately 11.17 million tonnes and 340,000 tonnes, respectively, said the State Grid Xizang Electric Power Company Limited.
    In recent years, Xizang’s power grid has experienced rapid development. As of August, the accumulated investment in the region’s power grid construction has reached nearly 85.6 billion yuan (about 12.21 billion U.S. dollars) and its total installed capacity has reached nearly 6.82 million kilowatts, an increase of some 5.8 million kilowatts compared with 2012.
    Boasting abundant solar and wind power resources, Xizang began sending electricity to other provincial-level regions for the first time in 2015.
    Xizang now has a comprehensive energy system with hydropower as the main source, complemented by geothermal, wind and solar energy, among others. 

    MIL OSI China News –

  • MIL-OSI China: China issues revised regulations for commending fallen heroes

    Source: China State Council Information Office 2

    China has released a set of revised regulations for commending fallen heroes ahead of the country’s Martyrs’ Day, which falls on Sept. 30.
    Premier Li Qiang signed a State Council decree to promulgate the revised regulations, which emphasize upholding the leadership of the Communist Party of China, safeguarding the dignity and honor of fallen heroes, and protecting the rights and interests of their families.
    The revised regulations stipulate improved criteria and assessment procedures for identifying martyrs, better financial support and preferential treatment for their families, and strengthened protection and management of their memorial facilities. The revised regulations also highlight the need to strengthen the dissemination of martyrs’ heroic deeds and improve the protocols when paying homage to them.
    The revised regulations will take effect on Jan. 1, 2025. China has been marking Martyrs’ Day annually since 2014. 

    MIL OSI China News –

  • MIL-OSI China: German carmakers eye increased, deeper NEV cooperation with China

    Source: China State Council Information Office 3

    German carmakers have expressed optimism about cooperation with China in the new energy vehicle (NEV) industry when speaking at the 2024 World New Energy Vehicle Congress which concluded Sunday in Haikou, capital of south China’s Hainan Province, with China’s NEV market continuing to boom.

    Jochen Goller, a member of the board of management of BMW AG, credited the success of China’s NEV market to supportive government policies, suitable regulations and technological innovations.

    Goller emphasized BMW’s commitment to keeping the market open and expressed hopes of having more Chinese battery manufacturers in Europe.

    Oliver Blume, chairman of the board of management of Volkswagen AG, noted that this year marks a significant milestone as Volkswagen celebrates 40 years in the Chinese market.

    “Over the past four decades, we have taken great pride from having become an integral part of Chinese life and in shaping the development of the Chinese automotive industry,” Blume said, while highlighting that the foundation of Volkswagen’s success lies in its strong partnerships — particularly with Chinese EV companies like SAIC and FAW.

    Blume added that China has emerged as “the epicenter of the automotive industry’s future,” while Volkswagen is committed to being an even more integral part of the local industry ecosystem.

    “We have significantly enhanced our local research and development capacities and concluded partnerships with local original equipment manufacturers and technology leaders in the fields of software, autonomous driving and batteries,” he explained.

    In April, Volkswagen announced an investment of 2.5 billion euros (about 2.79 billion U.S. dollars) in expanding its production and innovation hub in the city of Hefei in east China — to increase its pace of innovation in the country.

    The company also committed to accelerating the production of two Volkswagen-brand smart electric vehicles, which are currently under joint development with Chinese manufacturer Xpeng.

    China’s production and sales of NEVs continued to maintain fast growth, with the NEV market share steadily increasing in the domestic market.

    Data from the China Association of Automobile Manufacturers revealed that in the first eight months of 2024, NEV production had reached about 7.01 million units, rising 29 percent year on year, while sales during this period stood at around 7.04 million units — growing by 30.9 percent from a year earlier.

    Wan Gang, chairman of the China Association for Science and Technology, said that expanding bilateral trade cooperation and investment, along with increasingly close industrial and supply chain collaboration between the Chinese and German automotive industries, have become vital for the high-quality development of the global automotive sector.

    “In the future, we hope that the automotive industries of China and Germany will embrace development and reform, jointly promoting the further advancement of the NEV industry to contribute to global low-carbon transformation and sustainable development,” Wan added.

    MIL OSI China News –

  • MIL-OSI China: Guangzhou lifts restrictions on home buying

    Source: China State Council Information Office 3

    This aerial photo taken on June 12, 2023 shows the urban view along the Zhujiang River in Guangzhou, south China’s Guangdong Province. [Photo/Xinhua]

    The city of Guangzhou in south China’s Guangdong Province has lifted restrictions on buying home properties, a significant step for the first-tier city to optimize the property market further.

    Starting on Monday, the qualification for purchasing homes will no longer be reviewed and there will be no restrictions on the number of homes purchased for families and single individuals with or without local household registration in the city, according to a circular issued by the general office of the municipal government issued on Sunday night. 

    MIL OSI China News –

  • MIL-OSI China: 1st helicopter route from Sanya to Zhanjiang makes inaugural flight successfully

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

    1st helicopter route from Sanya to Zhanjiang makes inaugural flight successfully

    Updated: September 30, 2024 10:40 Xinhua
    A helicopter is prepared ahead of the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. The first helicopter route from Sanya to Zhanjiang successfully made its inaugural flight on Sunday. Operated by China Southern Airlines, the route is expected to have a flight duration of 60 minutes. [Photo/Xinhua]
    Staff members prepare for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    A staff member prepares for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    A staff member refuels a helicopter ahead of the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    A helicopter takes off for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    Passengers board a helicopter for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    A helicopter prepares to take off for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]
    A helicopter takes off for the inaugural flight of the first helicopter route from Sanya of south China’s Hainan Province to Zhanjiang of south China’s Guangdong Province, in Sanya, Sept. 29, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Chinese FM expounds on contribution of Chinese modernization to world in UN speech

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

    Chinese FM expounds on contribution of Chinese modernization to world in UN speech

    UNITED NATIONS, Sept. 28 — Chinese Foreign Minister Wang Yi expounded on the contribution of Chinese modernization to the world during his speech Saturday at the 79th session of the United Nations General Assembly (UNGA 79).

    During the General Debate of UNGA 79, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, explained in detail the implication of Chinese modernization for the world, touching on such four aspects as world peace and stability, common development, global governance and human civilization.

    Chinese modernization will contribute robustly to world peace and stability, Wang said.

    Noting that the Chinese culture values peace and the Chinese nation has no tradition of external expansion, Wang said “China is the only major country that has written peaceful development into its constitution, and the only country among the five nuclear-weapon states to pledge no-first-use of nuclear weapons.”

    “We are actively exploring and putting into practice the Chinese way of addressing hotspot issues, boosting the prospects for resolving the security dilemma and improving security governance, and paving the ground for conflict settlement and peacebuilding,” Wang said, adding that “every step in China’s development is an increase in the force for peace.”

    Chinese modernization will contribute robustly to the common development for all, Wang said.

    “China does not only care about its own development. We are ready to develop hand in hand with all countries.” Wang said, mentioning such Chinese efforts as further expanding high-standard opening up, granting visa-free entry to citizens of a growing number of countries, promoting high-quality Belt and Road cooperation, making concrete steps to support the 2030 Agenda for Sustainable Development, as well as speeding up the support of Global South cooperation and Africa’s peace and development.

    Chinese modernization will contribute robustly to improving global governance, Wang said.

    Stressing the fact that China has been an abiding supporter of the UN’s continued reform and development, Wang pledged that China will continue to fulfill its international obligations, provide financial support and send our best minds to the United Nations. The UN system needs to respond to the legitimate calls of developing countries and increase the representation and voice of those in the Global South, he added.

    Chinese modernization will contribute robustly to the advancement of human civilization, Wang said.

    Chinese modernization has created a new form of human advancement, and provided a new choice to other countries in exploring modernization paths, Wang said, adding that China believes different civilizations should respect and learn from one another, and jointly contribute to the progress of human civilization.

    “China has proposed the setting up of an International Day for Dialogue among Civilizations. We call for more people-to-people exchanges and cooperation across the world, to strengthen mutual understanding and amity among people of all countries,” Wang said.

    MIL OSI China News –

  • MIL-OSI China: 2nd China supply chain expo to boost support for African participants

    Source: China State Council Information Office 3

    The second China International Supply Chain Expo (CISCE), scheduled from Nov. 26 to 30 this year, will offer increased support for participants from African countries, the China Council for the Promotion of International Trade (CCPIT) said on Sunday.

    The enhanced support aims to “voluntarily and unilaterally open the Chinese market wider to Africa,” following a decision made during the 2024 Summit of the Forum on China-Africa Cooperation earlier this month, CCPIT spokesperson Wang Linjie told a press conference.

    Specifically, the expo will tailor country-specific strategies to better match supply and demand, helping African businesses find suitable partners and purchasers in China, Wang said.

    It will also feature forums and sideline events bringing together delegates from African governments, business associations, think tanks and international organizations, aiming to bolster Africa’s presence in global industrial and supply chain cooperation, the spokesperson added.

    “We will leverage the CISCE’s role in promoting trade, investment, innovation and exchange to help Chinese and African companies deepen industrial and supply chain cooperation, while fostering mutual business growth, shared interests and common advancements,” Wang added.

    Multiple African countries, including Ethiopia, Cote d’Ivoire, Rwanda and Morocco, along with the African Union, have confirmed their participation in the second CISCE, focusing on sectors such as agriculture and mining.

    A recent official report showed that China has remained Africa’s largest trading partner for the 15th consecutive year, with bilateral trade reaching 282.1 billion U.S. dollars in 2023.

    China has announced that it will give all the least developed countries having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 percent tariff lines.

    MIL OSI China News –

  • MIL-OSI China: 170 dead in Nepal’s floods, landslides

    Source: China State Council Information Office

    Rescuers evacuate residents trapped by flood in a neighborhood in Lalitpur, Nepal, Sept. 28, 2024. [Photo/Xinhua]

    Nepal’s hydropower plants and irrigation facilities were badly damaged in floods and landslides triggered by incessant rainfalls in recent days, with an estimated initial loss of 4.35 billion Nepali rupees (32.6 million U.S. dollars).

    Addressing a press meeting on Sunday, officials at Nepal’s Ministry for Energy, Water Resources and Irrigation said that disasters spelt by continuous rains on Friday and Saturday had caused an estimated loss of 3 billion rupees (22.5 million dollars) to hydropower and transmission projects, while river control and irrigation projects suffered an estimated loss of 1.35 billion rupees (10.1 million dollars).

    According to the officials, floods had damaged 11 operating hydropower plants with a combined generation capacity of 625.96MW and forced other operating plants to shut down. As a result, 1,100MW in generation capacity was halted, nearly one-third of the total capacity of the country’s operating power plants.

    Fifteen hydropower plants under construction were damaged as well, it was noted.

    As power plants and transmission lines were damaged, power supply in different parts of the country has been disrupted.

    “Managing enough power for the country in the upcoming winter could be challenging as it takes time to maintain and repair the damaged power plants,” said Kul Man Ghising, managing director of Nepal Electricity Authority.

    Nepal produces surplus hydropower during the monsoon season, but in the dry season it generates around one-third of the power.

    Meanwhile, the death toll from floods and landslides hit 170 by Sunday evening, the Home Ministry said in a statement. Furthermore, 111 were injured and 42 others missing, the ministry said, noting that about 4,000 victims had been rescued.

    The Ministry of Physical Infrastructure and Transport said in a statement that 47 of 80 national highways in Nepal had remained obstructed.

    MIL OSI China News –

  • MIL-OSI China: Sanitary, living conditions across Gaza ‘inhumane’: UN agency

    Source: China State Council Information Office

    A temporary shelter is pictured in the northern Gaza Strip city of Jabalia, on Sept. 22, 2024. [Photo/Xinhua]

    The health and living conditions in the Gaza Strip are “inhumane,” the UN agency for Palestine refugees said Sunday.

    “Sanitary and living conditions across Gaza are inhumane,” The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) said on social media platform X.

    “Mountains of garbage are piling up in Gaza’s middle areas as sewage leaks onto the streets,” it said.

    “Families have no choice but to live beside the accumulated waste, exposed to the reek and the threat of a looming health disaster,” it said, calling for an immediate ceasefire.

    Israel has launched a large-scale offensive against Hamas in Gaza to retaliate against a Hamas rampage through the southern Israeli border on Oct. 7, 2023, during which about 1,200 people were killed and more than 250 others taken hostage.

    The Palestinian death toll from the ongoing Israeli attacks on Gaza has risen to 41,595, with 96,251 others injured, local health authorities said Sunday in a statement.

    MIL OSI China News –

  • MIL-OSI China: Cutting-edge technologies, products of NEV showcased in Hainan

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

    Cutting-edge technologies, products of NEV showcased in Hainan

    Updated: September 30, 2024 10:14 Xinhua
    This photo taken on Sept. 28, 2024 shows an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province. More than 30 NEV firms showcased their new energy vehicles, batteries and intelligent-connected technology at the exhibition. [Photo/Xinhua]
    This photo taken on Sept. 28, 2024 shows a Global Intelligent Electric Architecture (GEA) at the booth of Geely during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province, Sept. 28, 2024. [Photo/Xinhua]
    This photo taken on Sept. 28, 2024 shows a MIGHTY Fuel Cell vehicle at the booth of Hyundai during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province. [Photo/Xinhua]
    This photo taken on Sept. 28, 2024 shows a chassis with AI technology at the booth of Geely during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province, Sept. 28, 2024. [Photo/Xinhua]
    This photo taken on Sept. 28, 2024 shows a hydrogen fuel cell system at the booth of Hyundai during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province. [Photo/Xinhua]
    This photo taken on Sept. 28, 2024 shows Shendun short-blade battery at the booth of Geely during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China’s Hainan Province. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: China’s manufacturing PMI at 49.8 in September

    Source: China State Council Information Office

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

    The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49.8 in September, up from 49.1 in August, official data showed Monday.

    MIL OSI China News –

  • MIL-OSI China: Mergers, acquisitions in Chinese capital market gain steam

    Source: China State Council Information Office

    This panoramic aerial photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    Mergers and acquisitions (M&A) among Chinese listed firms have gathered pace in recent months thanks to favorable policies to consolidate companies’ competitiveness, contributing to the high-quality development of the country’s capital market.

    The number of such M&A cases saw a marked increase from the same period last year, with 46 major asset reorganization deals disclosed between May and mid-September, according to information made public by companies listed on the A-share market.

    “So far this year, M&A has been particularly active among technology firms, state-owned enterprises (SOEs) and securities companies, with market forces playing a bigger role in the deals,” said Tian Lihui, head of the Institute of Finance and Development at Nankai University.

    A telling example is the acquisition of APT Medical, a manufacturer and supplier listed on Science and Technology Innovation Board (STAR) market, by Mindray, an industry leader in medical equipment development and manufacturing.

    The transaction was announced in January and completed in April. By combining APT Medical’s advantages in the field of electrophysiology and vascular intervention medical devices and Mindray’s R&D capability and overseas marketing experience, the deal improved the competitiveness of both companies.

    Semi-annual financial reports show that the net profits of Mindray and APT Medical increased by 17.37 percent and 33.09 percent, respectively, in the first six months of this year.

    In June, the China Securities Regulatory Commission (CSRC) publicized a slew of measures to further reform the STAR market and pledged greater efforts to support M&A activities among companies listed in the market.

    The CSRC said it will support industrial chain integration among the companies, and make M&A institutions more inclusive by supporting companies to acquire high-quality tech firms that are yet to make profits.

    Driven by such measures, the transaction values of M&A deals of the companies on the STAR market exceeded 3 billion yuan (about 427.34 million U.S. dollars) in the first half of the year, doubling that of the same period in the previous year, data from the Shanghai Stock Exchange showed.

    Technology companies can accelerate innovation and industrial upgrading through M&A activities, said Tian.

    In addition, SOEs at both central and local levels are also leveraging M&A to drive industrial specialization and integration, enhancing industrial synergy with business partners.

    In September, two listed subsidiaries of China State Shipbuilding Corporation announced a plan to merge, which is expected to be one of the largest M&A transactions in the A-share market by market value in recent years.

    The merger is projected to propel the new entity to a leading global position in shipbuilding, characterized by comprehensive research and innovation capabilities, along with a rich product structure and production lines, according to a research note from Huatai Securities.

    Securities firms also saw major M&A deals this year, with Guotai Junan Securities and Haitong Securities planning to merge through a share swap.

    In recent years, the CSRC has continuously promoted market-oriented reform in the M&A of listed companies. This has been achieved through a slew of measures, including streamlining approval procedures and optimizing regulatory requirements.

    The effort was intensified this year. In the context of global industrial transformation and China’s accelerated economic structural upgrade, it is “urgent” for companies to harness M&A’s pivotal role in promoting industrial integration as well as enhancing industry quality and efficiency, CSRC Chairman Wu Qing said at a press conference on Tuesday.

    On the same day, the CSRC rolled out new measures to support Chinese listed companies in pursuing M&A activities, vowing to help channel more resources toward new quality productive forces, encourage the companies to enhance industrial consolidation and elevate their investment value through improving market value management.

    Tian anticipated that the regulator’s latest policies will further invigorate China’s M&A market and drive the transformation and upgrading of listed companies.

    “The M&A trend is expected to continue and play an important role in sharpening companies’ competitiveness, especially in areas related to SOE reform, sci-tech innovation and financial service integration,” he said.

    MIL OSI China News –

  • MIL-OSI China: China provides vibrant digital trade cooperation platform with int’l expo

    Source: China State Council Information Office

    Sales staff promote African products via livestreaming during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    The third Global Digital Trade Expo (GDTE), concluding on Sunday, has been a vibrant platform for fostering global partnerships in digital commerce and thus sustainable growth.

    Held in Hangzhou, a city known for blending ancient charm and modern innovation, the expo featured more than 1,500 enterprises, including over 300 international companies.

    Attendees experienced cutting-edge innovations like AI-driven robots and hydrogen-powered drones and were presented with over 400 new products and technologies.

    Valuable experience

    Kazakh Minister of Digital Development, Innovation, and Aerospace Industry Zhaslan Madiyev highlighted China’s role as a global leader in e-commerce and digital technologies, noting that China is accelerating the digital transformation of markets worldwide.

    In a written interview with Xinhua, Madiyev said China’s experience offers valuable insights for countries in the early stages of developing their digital markets, aiding global growth and helping reduce digital inequality. He cited Kazakhstan’s efforts to improve telecommunications and cybersecurity by learning from China.

    In addition to cutting-edge technologies, China’s experience in e-commerce also set an example for countries seeking to capitalize on the rapid growth of digital trade.

    Kilimall, an e-commerce platform founded by Chinese entrepreneurs in Africa in 2014, has become one of the most popular shopping websites among Africans. It has generated about 10,000 local jobs in logistics, courier services, customer support and regional sales.

    The cooperation between China and Africa in digital economy “represents a new model of economic cooperation that creates tangible value for businesses and people on both sides” said Ugandan Ambassador to China Oliver Wonekha.

    Digitalization is a technological leap and a key driver of future development for countries and businesses, said Jean Louis Robinson, ambassador of Madagascar to China. “We are eager to work closely with Chinese companies to learn from China’s advanced experience in digital economy and promote sustainable development in Madagascar,” he added.

    Robots perform dance at a booth during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Vast opportunities

    China’s advanced digital economy and vast market scale are creating immense opportunities for the world, said experts and attendees at the expo.

    “For us, China is not just a sales market,” said Lyu Feng, division head of public relations at Yokogawa China, a Japanese electric firm. He highlighted China’s vast emerging industries, strong market demand, and numerous high-tech companies.

    Lyu added that the company emphasizes collaborating with Chinese enterprises to explore new opportunities, particularly in digital transformation and carbon emissions management in the manufacturing sector.

    Zhu Lili, vice president of AstraZeneca China, expressed that the pharmaceutical giant is “highly confident” in the Chinese market and its innovation ecosystem. She emphasized the company’s goal to partner with more local firms to explore the application of digital technologies in healthcare, driving sustainable and high-quality growth for both the healthcare industry and the broader economy.

    In the first half of 2024, China’s cross-border e-commerce imports and exports reached 1.22 trillion yuan (about 170 billion U.S. dollars), an increase of 10.5 percent year over year, according to customs data.

    Kazakhstan has opened national pavilions on Chinese e-commerce platforms like Alibaba and JD.com to promote products such as powdered milk, safflower oil, and honey, boosting bilateral e-commerce ties, Serik Korzhumbayev, editor-in-chief of Delovoy Kazakhstan, told Xinhua.

    Yao Hongchun, vice president of the Thai Chinese New Generation Business Association, emphasized its potential for collaboration with China, mainly through advanced e-commerce technologies tailored to Thai consumers.

    A foreign merchant consults about a small intelligent translation device at the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Cooperation platform

    “E-commerce can be successful and further developed in the long run if everyone can find their way in it, if it is based on close international cooperation, if it is diversified and if as many countries as possible are involved on both the manufacturer and the buyer side,” Hungarian National Assembly’s Deputy Speaker Lajos Olah said at the opening ceremony of the expo.

    By July 2024, China has signed e-commerce cooperation memorandums of understanding with 33 countries spanning five continents.

    Additionally, China has been involved in digital economy collaborations through multilateral frameworks like the Shanghai Cooperation Organization, BRICS, the APEC Economic Leaders’ Meeting, and the G20, according to an e-commerce development report released by China’s Ministry of Commerce during the expo.

    Beyond exhibitions, this year’s GDTE also featured multiple forums, meetings, and seminars, providing officials and industry leaders with platforms to exchange views and discuss prospects for international collaboration.

    Through participating in the expo, Thailand is ready to work with partners in trade, investment, research, and development to expand its digital products and services, aiming to integrate into key global supply chains, Thailand’s Deputy Permanent Secretary of the Ministry of Commerce, Ekachat Seetavorarat told Xinhua on the sidelines of the expo.

    Madiyev also highlighted the GDTE as a unique opportunity to exchange experiences with leading global players in the digital economy and expand economic ties with other countries, particularly China.

    MIL OSI China News –

  • MIL-OSI China: Chinese PLA Navy to host open-ship events celebrating 75th anniversary of PRC

    Source: China State Council Information Office 2

    The naval forces of the Chinese People’s Liberation Army (PLA) Northern Theater Command will open five vessels to the public to celebrate the 75th founding anniversary of the People’s Republic of China (PRC).
    The event, to be held from Oct. 1 to 3, will take place at two harbors in Qingdao, east China’s Shandong Province. It is expected to attract more than 120,000 visitors.
    The five vessels, including two missile frigates, two missile destroyers and one comprehensive supply ship, were all independently designed and built by China.
    In addition to the event, the PLA Navy will host similar open-ship events in Guangdong Province and Guangxi Zhuang Autonomous Region.

    MIL OSI China News –

  • MIL-OSI China: China eyes long-term funds to promote stable, sustainable capital market

    Source: China State Council Information Office

    China is intensifying moves to channel long-term funds into its capital market as part of the efforts to boost investor confidence and enhance market stability.

    Central authorities recently issued guidelines to streamline the entry of medium- and long-term capital from social security funds, insurance funds and wealth management funds into the market.

    The main measures contained in the guidelines include fostering a favorable long-term investment ecosystem, promoting the development of public and private equity funds, and improving related policies for medium- and long-term stock investment, according to the office of the Central Financial Work Commission and the China Securities Regulatory Commission.

    Financial analysts have expressed widespread recognition of the value of these policies. Du Xingye, an associate professor at the University of International Business and Economics, emphasized the necessity of attracting long-term funds. Ming Ming, chief economist at CITIC Securities, believes the move will help build long-term confidence.

    The entry of long-term capital can help reduce market fluctuations and enhance overall market stability as such funds typically possess well-structured research teams capable of discovering a company’s value and executing long-term investment strategies, said Liu Xinyu, co-general manager of the public investment department of Rivers Fund, a public equity fund.

    In recent years, calls for increasing long-term fund participation have intensified in China, and related measures have been introduced. However, while some progress has been made, an institutional environment friendly to long-term investment has not yet been fully established.

    At the end of August 2024, institutional investors, including public equity, insurance and various pension funds, collectively held 14.5 trillion yuan (about 2 trillion U.S. dollars) of circulating A-shares. Their proportion of the total market value increased from 17 percent at the beginning of 2019 to 22.2 percent by August.

    There is significant room for growth for long-term funds in the capital market, experts said, noting that the increasing participation of such funds, which feature higher professional standards and stability, will optimize the investor structure.

    The latest guidelines achieved substantial policy breakthroughs in areas such as long-cycle assessment for funds, policy synergy and the building of a supportive market ecosystem.

    A three-year long-cycle assessment mechanism for insurance funds and various pension funds will be established, and investment policies will also be improved for the national social security fund and basic pension insurance fund, according to the guidelines.

    Problems in the current short-sighted assessment approach for funds are prominent, as the undue emphasis on short-term profit targets has overshadowed the importance of long-term metrics.

    Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, said the guidelines specifically address assessment challenges, thereby helping to reduce obstacles preventing long-term funds from flowing into the stock market.

    Additionally, Pan Hongsheng, chief economist of the China Institute of Finance and Capital Markets, said the guidelines support institutional investors’ participation in corporate governance, which will solidify the market foundation for long-term fund entry. It is crucial to create an ecosystem where long-term funds can “enter, stay and thrive,” Pan added.

    China’s central bank, top securities regulator and financial regulator Tuesday announced a raft of monetary stimulus, property market support and capital market strengthening measures to boost the country’s high-quality economic development.

    The Political Bureau of the Communist Party of China Central Committee held a meeting on Thursday to analyze and study the current economic situation and make further arrangements for economic work.

    The meeting called for efforts to boost the capital market, vigorously guide medium- and long-term funds to enter the capital market, and clear obstacles for social security, insurance and wealth management funds to invest in the capital market.

    Thanks to the new measures, the investor confidence has improved significantly, with the stock market on an upward streak in recent days.

    The benchmark Shanghai Composite Index closed at 3,087.53 points on Friday — a 12.81 percent weekly gain. The Shenzhen Component Index soared 17.83 percent in the week to close at 9,514.86 points.

    On Friday alone, the combined turnover of the two indices neared 1.45 trillion yuan, surpassing the 1-trillion-yuan mark for a third consecutive day.

    MIL OSI China News –

  • MIL-OSI China: Experts report big boom in summer travel

    Source: China State Council Information Office

    China’s tourism market rebounded strongly this summer, with travel experts reporting significant growth in passenger numbers, spending, and both inbound and outbound trips as the country continues to emerge from the COVID-19 pandemic.

    Domestically, travel surged during the summer holiday, which typically runs from early July to late August. The Civil Aviation Administration reported that domestic airlines transported 117 million passengers from July 1 to Aug 20.

    Meanwhile, China Railway Group said it handled 887 million passengers from July 1 to Aug 31, a 6.7 percent increase year-on-year.

    “Summer is always peak season for domestic tourism, but this year, tourists showed more interest in lesser-known destinations and traveled with more reasonable budgets,” said a spokesperson for Tuniu, a travel portal.

    The domestic tourism market performed more evenly throughout the summer, with demand peaking in mid-July and lasting through the end of August.

    Long-distance tours and family trips were the most popular choices — in fact, over half Tuniu’s summer bookings were for far-flung destinations. Besides traditional tourist hot spots like Beijing and Shanghai, smaller destinations such as Yanbian Korean autonomous prefecture in Jilin province, Datong in Shanxi province and Chengde in Hebei province gained popularity for their cultural offerings and cooler climates.

    “I took my 6-year-old daughter to Yanji in late July,” said Ye Xiao, a 31-year-old teacher from Beijing, speaking of the county-level city that serves as the seat of Yanbian. “The weather was pleasant, and we enjoyed exploring the Korean ethnic culture. It was a memorable trip with fewer tourists and great food at reasonable prices.”

    China’s inbound tourism also experienced robust growth, buoyed by relaxed visa policies, including the 144-hour transit policy for citizens of 54 countries and the “ChinaTravel” topics that trended on international social media platforms.

    And the 2024 Paris Olympics provided an additional boost to outbound travel, with LY.com reporting a 300 percent increase in hotel bookings in Paris and neighboring areas and an 80 percent surge in flight bookings from China’s major cities to the French capital.

    Qunar, another travel portal, noted that bookings for domestic flights by travelers using non-Chinese passports were 1.8 times higher compared to last year. Trip.com Group reported a 70 percent year-on-year increase in mainland tourism bookings, with South Korea, Thailand, Singapore, and the United States contributing the most visitors. Shanghai, Beijing and Guangzhou were the top destinations for international tourists.

    Southeast Asia remained the top choice for Chinese traveling overseas due to cheaper flights, affordable hotels and favorable visa policies.

    Dai Bin, president of the China Tourism Academy, told China Central Television that this summer marked the highest level of travel enthusiasm in recent years, with increases in the number of travelers, tourism spending and cross-border trips.

    MIL OSI China News –

  • MIL-OSI China: Xi pays tribute to fallen heroes on Martyrs’ Day

    Source: China State Council Information Office 2

    Chinese President Xi Jinping and other Party and state leaders attended a ceremony to present flower baskets to fallen heroes at Tian’anmen Square in central Beijing on Monday.
    The event was held to mark Martyrs’ Day.
    Follow China.org.cn on Twitter and Facebook to join the conversation.ChinaNews App Download

    MIL OSI China News –

  • MIL-OSI Australia: Allens advises Northern Minerals on $48m equity raising

    Source: Allens Insights

    Allens has advised Northern Minerals on a capital raising to progress its Browns Range heavy rare earth element (HREE) Project, including a $43 million two-tranche private placement and $5 million share purchase plan.

    The private placement, offered to existing and new institutional and sophisticated investors, attracted a significant level of demand.

    Located in Western Australia’s East Kimberley region, the Browns Range Project is one of the most high grade and advanced HREE projects outside China. The dysprosium and terbium resources it expects to supply are essential for high-performance permanent magnets used in electric vehicles and wind turbines.

    Allens advised on all elements of the capital raising from concept to execution, including capital raising structures, execution of the equity raising and regulatory considerations.

    ‘Strong demand continues among investors for rare earths exposure, as evidenced by the response to Northern Minerals’ private placement as well as sizeable raisings conducted by other developing players in the space throughout this year,’ said lead Partner Bryn Hardcastle.

    ‘We congratulate Northern Minerals on its successful capital raising and look forward to seeing what’s ahead for the Browns Range Project.’

    Allens legal team

    Bryn Hardcastle (Partner), Andrew Wong (Mergers and Acquisitions Counsel), Chris Bailey (Senior Associate), Alex Forster (Associate), Christopher Shields (Lawyer)

    MIL OSI News –

  • MIL-OSI Asia-Pac: Director General David Cheng-Wei Wu attended Taiwan Tourism Promotion

    Source: Republic Of China Taiwan 2

    Taiwan Tourism Administration held a tourism promotion event in Sydney at Four Seasons Hotel on Sep 23 2024. It was a great turnout with nearly 70 Australian travel agencies joining to explore the great business opportunities.
    Director General David Cheng-Wei Wu spoke about Taiwan’s beauty in different ways. Taiwan and Australia are not only geographically close, but also sharing same core values, which makes Taiwan one of the safest and best places to Australian travelers. New initiative, Taiwan-Waves of wonder, allows you to experience its charms all year-around. Even Hollywood action movie “Weekend in Taipei” was 100% shot in Taiwan, which shows the city’s landscapes and diversities are also recognized by entertainment industry. The huge potential for the travel market is undeniable.
    The event was followed by PR representative’s briefing about Taiwan’s attractions, introduction of Meet Taiwan by Taiwan Trade Center and travel agents from Taiwan shared their ideas and packages. Then a few rounds of the match-making meetings were very successful.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China provides vibrant digital trade cooperation platform

    Source: China State Council Information Office 3

    Sales staff promote African products via livestreaming during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    The third Global Digital Trade Expo (GDTE), concluding on Sunday, has been a vibrant platform for fostering global partnerships in digital commerce and thus sustainable growth.

    Held in Hangzhou, a city known for blending ancient charm and modern innovation, the expo featured more than 1,500 enterprises, including over 300 international companies.

    Attendees experienced cutting-edge innovations like AI-driven robots and hydrogen-powered drones and were presented with over 400 new products and technologies.

    Valuable experience

    Kazakh Minister of Digital Development, Innovation, and Aerospace Industry Zhaslan Madiyev highlighted China’s role as a global leader in e-commerce and digital technologies, noting that China is accelerating the digital transformation of markets worldwide.

    In a written interview with Xinhua, Madiyev said China’s experience offers valuable insights for countries in the early stages of developing their digital markets, aiding global growth and helping reduce digital inequality. He cited Kazakhstan’s efforts to improve telecommunications and cybersecurity by learning from China.

    In addition to cutting-edge technologies, China’s experience in e-commerce also set an example for countries seeking to capitalize on the rapid growth of digital trade.

    Kilimall, an e-commerce platform founded by Chinese entrepreneurs in Africa in 2014, has become one of the most popular shopping websites among Africans. It has generated about 10,000 local jobs in logistics, courier services, customer support and regional sales.

    The cooperation between China and Africa in digital economy “represents a new model of economic cooperation that creates tangible value for businesses and people on both sides” said Ugandan Ambassador to China Oliver Wonekha.

    Digitalization is a technological leap and a key driver of future development for countries and businesses, said Jean Louis Robinson, ambassador of Madagascar to China. “We are eager to work closely with Chinese companies to learn from China’s advanced experience in digital economy and promote sustainable development in Madagascar,” he added.

    Robots perform dance at a booth during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Vast opportunities

    China’s advanced digital economy and vast market scale are creating immense opportunities for the world, said experts and attendees at the expo.

    “For us, China is not just a sales market,” said Lyu Feng, division head of public relations at Yokogawa China, a Japanese electric firm. He highlighted China’s vast emerging industries, strong market demand, and numerous high-tech companies.

    Lyu added that the company emphasizes collaborating with Chinese enterprises to explore new opportunities, particularly in digital transformation and carbon emissions management in the manufacturing sector.

    Zhu Lili, vice president of AstraZeneca China, expressed that the pharmaceutical giant is “highly confident” in the Chinese market and its innovation ecosystem. She emphasized the company’s goal to partner with more local firms to explore the application of digital technologies in healthcare, driving sustainable and high-quality growth for both the healthcare industry and the broader economy.

    In the first half of 2024, China’s cross-border e-commerce imports and exports reached 1.22 trillion yuan (about 170 billion U.S. dollars), an increase of 10.5 percent year over year, according to customs data.

    Kazakhstan has opened national pavilions on Chinese e-commerce platforms like Alibaba and JD.com to promote products such as powdered milk, safflower oil, and honey, boosting bilateral e-commerce ties, Serik Korzhumbayev, editor-in-chief of Delovoy Kazakhstan, told Xinhua.

    Yao Hongchun, vice president of the Thai Chinese New Generation Business Association, emphasized its potential for collaboration with China, mainly through advanced e-commerce technologies tailored to Thai consumers.

    A foreign merchant consults about a small intelligent translation device at the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Cooperation platform

    “E-commerce can be successful and further developed in the long run if everyone can find their way in it, if it is based on close international cooperation, if it is diversified and if as many countries as possible are involved on both the manufacturer and the buyer side,” Hungarian National Assembly’s Deputy Speaker Lajos Olah said at the opening ceremony of the expo.

    By July 2024, China has signed e-commerce cooperation memorandums of understanding with 33 countries spanning five continents.

    Additionally, China has been involved in digital economy collaborations through multilateral frameworks like the Shanghai Cooperation Organization, BRICS, the APEC Economic Leaders’ Meeting, and the G20, according to an e-commerce development report released by China’s Ministry of Commerce during the expo.

    Beyond exhibitions, this year’s GDTE also featured multiple forums, meetings, and seminars, providing officials and industry leaders with platforms to exchange views and discuss prospects for international collaboration.

    Through participating in the expo, Thailand is ready to work with partners in trade, investment, research, and development to expand its digital products and services, aiming to integrate into key global supply chains, Thailand’s Deputy Permanent Secretary of the Ministry of Commerce, Ekachat Seetavorarat told Xinhua on the sidelines of the expo.

    Madiyev also highlighted the GDTE as a unique opportunity to exchange experiences with leading global players in the digital economy and expand economic ties with other countries, particularly China.

    MIL OSI China News –

  • MIL-OSI China: Chinese FM outlines China’s vision for addressing global challenges

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

    UNITED NATIONS, Sept. 29 — Chinese Foreign Minister Wang Yi on Saturday outlined China’s vision for tackling the world’s most urgent challenges, reaffirming the country’s role as a proactive force in global governance and cooperation.

    “As the world faces increasingly serious challenges, China has never opted to be an indifferent spectator. Instead, we have been playing a bigger part in global governance than ever before,” said Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, in his speech at the general debate of the 79th session of the United Nations General Assembly.

    Wang referenced the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative proposed by President Xi Jinping as examples of China’s leadership in proposing solutions to the difficult issues facing humanity.

    “They carry China’s wisdom for resolving various difficult issues confronting humanity, and bring impetus from China for improving global governance,” he said.

    In the face of uneven and inadequate global development, China’s proposal is to put development at the top of the global agenda, focus on delivering the Sustainable Development Goals of the U.N. 2030 Agenda, increase input in development, and help developing countries better respond to different risks and challenges, said Wang.

    At the recent Beijing Summit of the Forum on China-Africa Cooperation, Xi outlined 10 partnership actions to be taken together with Africa to advance modernization, and announced the decision to give over 40 least developed countries (LDCs), including those in Africa, zero-tariff treatment for 100 percent tariff lines.

    “China is the first major developing country and the first major economy to take such a significant step,” Wang said.

    He pointed out that in the face of unilateral, bullying acts such as sanctions and blockade, China firmly supports countries in defending their legitimate rights, upholding the equity and openness of the international system, making global development more coordinated and beneficial for all, and jointly opposing technology blockade and rejecting decoupling or severing supply chains.

    “Sanctions and pressure will not bring monopolistic advantages. Suppressing and containing others will not solve problems at home. The right of people of all countries to pursue a better life should not be taken away. Here, we once again urge the United States to completely lift its blockade, sanctions and terrorism-related designation against Cuba,” said Wang.

    In the face of aggravating ecological challenges, Wang said, China is firmly committed to a path of green, low-carbon and sustainable development.

    “We will move from carbon peaking to carbon neutrality in the shortest time span in world history, contributing China’s efforts to harmonious coexistence between humanity and nature,” he said.

    At the global level, the principle of common but differentiated responsibilities must be upheld, and the Paris Agreement must be implemented in earnest, he added.

    “Developed countries should assist developing countries in building their capacity to cope with climate change. Touting the need of climate response while suppressing the green industries of others will only hold back global progress in green transition,” said Wang.

    Addressing the rapid rise of artificial intelligence (AI), Wang stressed China is committed to taking a people-centered approach, developing AI for good, and putting equal emphasis on development and security.

    “We are working to explore and establish widely-recognized international rules and standards,” he said, adding China supports the U.N.’s role as the main channel for global AI governance and is committed to strengthening international cooperation on AI capacity-building.

    “China has put forth the AI Capacity-Building Action Plan for Good and for All, and is ready to make more contributions to the sound, orderly, fair and inclusive development of AI,” said Wang.

    On human rights protection, Wang reiterated China’s stance that all countries should have the right to independently choose their path of human rights development. He rejected external interference in others’ internal affairs citing human rights as an excuse, asserting that no country should impose its own will on others.

    “In human rights protection, China is committed to putting people first and promoting the free and well-rounded development of the people. We have found a path of human rights development that suits China’s national conditions,” he said. “China is ready to engage in dialogue and exchanges with all countries and UN human rights bodies on an equal footing, and jointly promote the sound development of the global human rights cause.”

    MIL OSI China News –

  • MIL-OSI Asia-Pac: 2024 Industrial Parks Summit Forum unveils Taiwan’s New Direction for Industrial Parks.

    Source: Republic Of China Taiwan 2

    As global industrial competition intensifies, to enhance the competitiveness of Taiwan’s industrial parks, the Bureau of Industrial Parks (BIP) of the Ministry of Economic Affairs (MOEA) held the “2024 Industrial Parks Development Policy Summit Forum” on October 23, 2024. The forum brought together elites from central and local governments, academia, and industries to jointly explore how to promote comprehensive upgrades in park safety management through smart transformation and achieve sustainable economic development goals.
    The Director of BIP, Yang, Po-Keng, stated that the Industrial Park Policy Summit Forum has entered its 10th year, and this year’s forum is even more significant as it is the first held after the BIP’s reorganization under the MOEA. After the reorganization, the BIP now oversees 80 industrial parks nationwide. In the future, the BIP will strive to attract more enterprises to settle in the parks and provide more comprehensive value-added services.
    The Director also mentioned that many industrial parks are currently facing infrastructure aging. To address this, the BIP will actively seek funding from the Forward-looking Infrastructure Development Program to carry out major renovations of industrial zones. In addition, with more than 13,000 manufacturing companies operating in the parks, the BIP will assist businesses in developing research and sales capabilities. At the same time, The BIP will also accelerate the promotion of digital, intelligent, and AI-based production. Therefore, this forum focuses on the theme of ‘Smart, Safe, and Sustainable: Park Upgrades and Cross-Disciplinary Cooperation” to discuss the future development direction of Taiwan’s industrial parks and how to integrate hardware and software strategies to achieve the mission of smart, safe, and sustainable development.
    As one of the highlights of the forum, Lin, Chien-Yuan, the professor of National Taiwan University, delivered a speech titled “Industrial Park Development and Spatial Optimization Upgrades,” providing an in-depth analysis of the current state and future challenges of industrial park development. He emphasized that with the ever-changing demands of industries, industrial parks need to continuously innovate, focusing on spatial optimization and smart technology to meet future challenges. Following this, Zheng, Xiu-Rong, the Director of the Southern Taiwan Science Park Bureau of the National Science and Technology Council shared successful experiences in smart operations and investment environment optimization, noting that these experiences will serve as important references for the development of other parks.
    In the second half of the forum, discussions shifted toward how central and local governments can work together to promote the construction of smart parks. Lin, Rong-Chuan, the Director of the Tainan City Government’s Economic Development Bureau and Sheng Hsiao-Rung, the Deputy Director of the New Taipei City Government’s Economic Development Bureau each introduced their cities’ innovative initiatives in promoting smart parks. They emphasized that cooperation between local and central governments is key to unleashing the full potential of smart technology in park management and realizing sustainable industrial development.
    The forum concluded with insightful dialogues between representatives from industry and government on topics such as the application of smart technology in park management and the close connection between smart city construction and industrial parks. The participants unanimously agreed that close cooperation between central and local governments and the introduction of innovative technologies will be crucial to enhancing the competitiveness of Taiwan’s industrial parks in the future.
    The successful hosting of this forum demonstrated the BIP’s firm commitment to promoting smart and sustainable development. In the future, the bureau will continue to advance smart transformation policies, deepen cooperation between central and local governments, and lead Taiwan’s industrial parks to a more advantageous position on the global stage.

    Spokesman: Mr. Liu Chi Chuan (Deputy Director General, BIP)
    Contact Number: 886-7-3613349, 0911363680
    Email: lcc12@bip.gov.tw

    Contact Person: Luo, Fong-Ying (Industrial Parks Development Division, BIP)
    Contact Number: 886-7-361-1212 ext 121
    Email: luofeng@bip.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Cross-genre production “ChoreoMusica Soiree” to be performed at 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival (with photos)

    Source: Hong Kong Government special administrative region

    Cross-genre production “ChoreoMusica Soiree” to be performed at 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival (with photos)
    Cross-genre production “ChoreoMusica Soiree” to be performed at 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival (with photos)
    ******************************************************************************************

         The Leisure and Cultural Services Department and Xinghai Concert Hall from Guangdong Province will present “ChoreoMusica Soiree” during the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival. Talented artists from Guangzhou and Hong Kong will deliver a cross-genre performance that blends with music, dance and visual art at the Studio Theatre of the Hong Kong Cultural Centre in October, offering audiences a rich audio-visual experience and showcasing the diverse cultural charm of the region.      “ChoreoMusica Soiree” is originated from a music and dance production presented by Xinghai Concert Hall, featuring outstanding artists from the Greater Bay Area. It premiered to critical acclaim in Guangzhou last year. The Hong Kong version will be led by renowned cross-disciplinary artist Tsang Man-tung as artistic director, director and choreographer. With his unique aesthetic, Tsang will bring a fresh style to the production.      The performance will include two music pieces from the premiere in Guangzhou, namely Ravel’s “Sonata for Violin and Cello, M.73” performed by Peng Ke, the concertmaster of Guangzhou Symphony Orchestra (GSO) and Pan Chang, the Associate Principal Cello of the GSO. The GSO chamber music ensemble, under the baton of the GSO’s Assistant Conductor Ding Jiaying, will perform Piazzolla’s “The Four Seasons of Buenos Aires” (arranged by Desyatnikov). Four young local dancers, Natalie Mak, Alice Ma, Liu Heung-man and Rex Cheng, will weave their way through music, blending seamless movement with pulsating tunes to present multifaceted artistic concepts.      Unlike traditional chamber music concert, the programme will feature a two-sided auditorium design, with the stage set in the centre of the venue. The audience will be able to appreciate the performances of the musicians and dancers up close. With the integration of special multimedia art and stage lighting to create rich visual effects, the performances will guide the audience to feel the emotional resonance of each note and step.      Xinghai Concert Hall is one of the most influential performance venues in Mainland China, showcasing top-tier performing arts and serving as a hub of multiculturalism. Over the years, it has attracted many of the world’s leading performing arts groups and musicians to perform there. Xinghai Concert Hall is also committed to bringing music and arts into people’s daily lives. Its two major resident orchestras, the Guangzhou Symphony Orchestra and the Guangdong National Orchestra, organise a variety of concerts and arts promotion activities throughout the years. Since its founding in 1957, the GSO has developed into one of the Mainland’s most artistically exceptional and vibrant orchestral institutions, praised by the Financial Times in the UK as “China’s nexus of musical tradition and innovation”. It is now under the leadership of Music Director Huang Yi, a renowned conductor.      Tsang Man-tung is a local interdisciplinary artist whose practice incorporates theatre, visual arts, music, and arts education. He employs a minimalist design approach to achieve spiritual balance and harmony, infusing his designs with the aesthetics of Transcend to the Beyond. He has received numerous local and international awards for scenography, including the Award for Best Artist (Theatre) at the 2008 Hong Kong Arts Development Awards and the Silver Prize for Set Design at 2017 World Stage Design with the dance drama “Storm Clouds”. He is renowned for his conceptual and minimalist style, as shown in his theatrical mediation productions, such as “Ashtanga” and “Cankramati”.      Natalie Mak was nominated for the “Outstanding Performing Female Dancer” award at the Hong Kong Dance Awards in 2017. Alice Ma is a part-time lecturer at the City Contemporary Dance Company Dance Centre and Hong Kong Academy for Performing Arts. Liu Heung-man is a freelance dancer and dance teacher. Rex Cheng is a part-time lecturer at the Hong Kong Academy for Performing Arts and a freelance dancer and choreographer.      “ChoreoMusica Soiree” will be held at 8pm on October 25 and 26 (Friday and Saturday), and at 3pm on October 27 (Sunday) at the Studio Theatre of Hong Kong Cultural Centre. Tickets priced at $300 and $440 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. Discount schemes are available for the programmes under the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival (including “ChoreoMusica Soiree”, “POP KONG”, Cantonese Opera Film “The Legend of The White Snake”, 2024 Zhuhai-Hong Kong-Macao Choral Concert, “Songs Echo My Voice” and Dance Drama “Wing Chun” Special Edition by Shenzhen Opera and Dance Theatre), including group booking discount and package booking discount. For programme enquiries and concessionary schemes, please call 2734 2960 or visit http://www.gbacxlo.gov.hk/en/programmes/choreomusica-soiree. This programme is also part of the celebratory programmes of the 35th anniversary of the Hong Kong Cultural Centre.      A post-performance talk (in Cantonese and Putonghua) will be held on October 25 (Friday). Members of the audience are welcome to stay behind to join.　      Hong Kong is the host city of the Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival for the first time this year. It organises and co-ordinates over 260 performances and exchange activities to be held across the “9+2” cities of the Greater Bay Area. The festival aims to showcase the vibrant and diverse cultural richness of the region and foster cultural exchange and co-operation among the cities. For detailed information about the festival, please visit http://www.gbacxlo.gov.hk.

     
    Ends/Monday, September 30, 2024Issued at HKT 14:00

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