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Category: China

  • Rivers in southwest China breach warning levels, thousands evacuated

    Source: Government of India

    Source: Government of India (4)

    Twenty-five rivers in southwestern China exceeded safe levels on Thursday, state media said, after more than 10,000 people were evacuated as the remnants of former typhoon Danas converged with East Asian monsoon rains.

    Extreme rainfall and severe flooding, which meteorologists link to climate change, increasingly pose major challenges as they threaten to overwhelm ageing flood defences, displace millions and wreak havoc on a $2.8-trillion agricultural sector.

    Heavy rains also hit the capital, Beijing, with one area in the sprawling Chaoyang district receiving 68.2 mm (2.7 inches) of rain in a single hour on Thursday morning, the state-run Beijing Daily said.

    Ten southwestern rivers, including the Longyan, which flows through the densely populated region of Chongqing, could burst their embankments and levees at any time, broadcaster CCTV warned, citing the water resources ministry.

    The remaining 15 had exceeded levels at which they could burst their banks, but posed less of a risk, it added.

    More than 24 hours of torrential rain took levels in the Chishui River of Guizhou province to their highest since records began in 1953, the broadcaster said, while the Xiaocao River in Sichuan province stood at its highest in 29 years.

    More than 10,000 people were evacuated on Wednesday from cities in the provinces of Sichuan and Yunnan, state media said, as the East Asian monsoon rains pushed north from India.

    One county in Yunnan recorded 227.8 mm (9 inches) of rainfall in 24 hours, for its highest total in a single day since records began in 1958 while two people died as torrential rain hit Yunnan’s Zhaotong city, Xinhua said on Thursday.

    Beijing health authorities warned that the combination of frequent downpours, high temperatures and humidity increased the risk of water and food contamination.

    -Reuters

  • MIL-OSI Russia: 2 dead, over 7,200 evacuated as heavy rains hit southwest China

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    KUNMING, July 10 (Xinhua) — Two of the five people who went missing after heavy rain hit Zhaotong City in southwest China’s Yunnan Province as of 6:40 p.m. Thursday have been confirmed dead, local authorities said.

    Active search and rescue operations are underway for the three remaining missing persons.

    Since 07:00 on July 8, continuous heavy rain has covered most of Zhaotong City, seriously affecting several counties including Zhenxiong, Weixin and Yongshan.

    Two houses collapsed as a result of the disaster in Luobu Township, Weixin County.

    Zhaotong authorities have mobilized all forces to organize emergency rescue operations. As of 7 p.m. Thursday, local authorities have already managed to evacuate more than 7,200 residents. –0–

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

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  • MIL-OSI Africa: Egypt: President El-Sisi Meets Premier of the State Council of China

    Source: APO


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    Today, President Abdel Fattah El-Sisi received the Premier of the State Council of China, Li Qiang, in the presence of Prime Minister Dr. Mostafa Madbouly, along with several ministers and senior officials from both sides.

    The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said that the Premier of the State Council of China conveyed the greetings of the Chinese president to President El-Sisi. He also emphasized that President El-Sisi is a dear friend of China and is always warmly welcomed in Beijing. He expressed China’s pride in having close relations with Egypt, which are built on a long history of strategic partnership, mutual respect, and common interests. The Premier noted the rapid development in bilateral relations and the close coordination between the two countries on both regional and international levels, appreciating Egypt’s pivotal role as a cornerstone of stability in the Middle East.

    President El-Sisi affirmed Egypt’s commitment to enhancing cooperation with China in various areas of mutual interest and working to activate the comprehensive strategic partnership between the two countries, especially with the upcoming celebration, to be held in 2026, of the 70th anniversary of the establishment of diplomatic relations between Egypt and China.

    President El-Sisi lauded the contributions of Chinese companies to implementing development projects in Egypt and expressed the country’s interest in attracting more Chinese investments, particularly in the sectors of new and renewable energy and electric vehicle manufacturing. This is in addition to enhancing the flow of Chinese tourism and strengthening cooperation in the manufacturing and development fields in general.

    President El-Sisi also expressed Egypt’s interest in continuing coordination with China on the issue of debt swaps and the effective and efficient implementation of related agreements.

    Views were exchanged on regional and international developments. Both sides stressed the importance of underpinning the ceasefire agreement between Israel and Iran, and resuming the diplomatic path to resolve the crisis through peaceful means. Both parties also underscored the necessity of reaching a ceasefire in the Gaza Strip, ensuring the immediate delivery of humanitarian aid, and the importance of reaching a just and comprehensive solution to the Palestinian issue.

    Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.

    MIL OSI Africa –

  • MIL-OSI China: Trade, tariff wars have no winners: FM spokesperson

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

    China has all along opposed moves to overstretch the concept of national security, and has always upheld that trade and tariff wars have no winners, a Foreign Ministry spokesperson said in Beijing on Thursday.

    Spokesperson Mao Ning made the remarks when commenting on the U.S. announcement on Wednesday that a 50 percent tariff would be imposed on imported copper, citing national security concerns.

    China’s position is very clear, Mao said, adding that the abuse of tariffs is in no one’s interest.

    MIL OSI China News –

  • MIL-OSI Russia: China to increase basic pension payments

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 10 (Xinhua) — Chinese authorities on Thursday announced that basic pension payments for retirees will be increased in 2025.

    The average monthly old-age pension benefit will be increased by 2 percent from the 2024 level starting from Jan. 1, 2025, for those who retired before the end of 2024, according to a notice jointly released by the Ministry of Human Resources and Social Security and the Ministry of Finance. -0-

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

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  • MIL-OSI Russia: China takes steps to combat smuggling of strategic minerals

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 10 (Xinhua) — China has taken measures to crack down on smuggling of strategic minerals while continuing to process legitimate applications for their export for civilian use, Ministry of Commerce spokeswoman He Yongqian said Thursday.

    Responding to a question about strategic minerals reportedly transiting to the United States, He Yongqian said at a press conference that strategic minerals such as antimony and gallium have obvious dual-use properties, and export controls on them are in line with internationally accepted practices.

    In order to resolutely prevent the illegal export of such minerals, China launched a special operation to combat their smuggling in May this year, He Yongqian said, adding that relevant information is available on the ministry’s website.

    She stressed that China, as a responsible major country, fully takes into account the reasonable civilian needs of various countries for these strategic minerals.

    China reviews applications for export licenses in accordance with laws and regulations and approves those that meet the requirements, she said. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Lu Ban’s Workshop Becomes a Bridge for Humanitarian Exchanges between SCO Countries

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TIANJIN, July 10 (Xinhua) — Igor Khodachek, director of the Eurasian Studies Center of the European University at St. Petersburg, entered his name on a computer while visiting the Tianjin Vocational Institute of Light Industry and a laser marking machine engraved his name on the surface of a metal plate.

    “This is a wonderful souvenir of this trip,” said I. Khodachek, who participated in the “Dialogue of World Mayors – SCO Summit Cities,” which was held from July 6 to 9 in Tianjin, northern China. During the event, guests at the aforementioned institute visited an exhibition hall dedicated to Lu Ban’s Workshop and a base integrating production and training in the field of high-precision instrument manufacturing and intelligent manufacturing.

    Lu Ban Workshop, named after the famous ancient Chinese craftsman Lu Ban, is a brand of international vocational education initiated and promoted by Tianjin City Government.

    To date, China has built 34 Lu Ban Workshops in 30 countries and regions around the world. 10 of them were established in Kazakhstan, Tajikistan, Uzbekistan, Russia, Pakistan, Cambodia, Egypt and other SCO countries.

    With the construction of a practical training center and the provision of modern teaching equipment in Lu Ban Workshop, Chinese teachers and technical personnel are also sent to learn technical skills from local teachers who may be invited to China for experience exchange.

    Since 2022, Wu Zhengpeng, a teacher from Tianjin Vocational and Technical Institute of Urban Administration and Construction, has been teaching at Lu Ban Workshop in Tajikistan using China’s advanced equipment and 3D teaching resources.

    “We had a comprehensive discussion with the teachers of the Tajik side and jointly formulated the curriculum, discussed the methodology and agreed to invite them to Tianjin for exchanges,” Wu Zhengpeng shared. In July last year, representatives of the teachers and students of the Tajik Technical University named after Academician M.S. Osimi visited Tianjin as planned.

    Lu Ban’s workshop provides an opportunity for more and more young people from SCO countries to study abroad.

    Ibrahim Maher, a 21-year-old student from Egypt, is currently studying at Tianjin Light Industry Vocational and Technical Institute under the Lu Ban Workshop project, majoring in Computer Numerical Control (CNC) technology.

    “Lu Ban Workshop has many advanced teaching equipment and data centers from China, which enables students to transform theoretical knowledge into practical skills and adapt to the working environment more quickly. We are also provided with many opportunities to visit companies, participate in internships, and experience a large number of projects in practice,” he said.

    At the end of the tour, Director of the Institute of World Politics of Kyrgyzstan Sheradil Baktygulov said that Lu Ban’s Workshop provides assistance to Kyrgyzstan in developing such areas as robotics, autonomous driving and computer technology.

    At present, Lu Ban’s Workshop is an important platform for international exchanges and cooperation in the field of professional education, and also serves as a bridge to promote humanities exchanges and the rapprochement of peoples. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Wang Yi talks about the achievements of mutually beneficial cooperation between China and ASEAN

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    KUALA LUMPUR, July 10 (Xinhua) — Chinese Foreign Minister Wang Yi, a member of the Politburo of the Communist Party of China Central Committee and a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, spoke about the fruitful achievements of bilateral cooperation while delivering a speech at the China-ASEAN foreign ministers’ meeting here on Thursday.

    First, the community of shared future between neighboring countries has become stronger. In April 2025, Chinese President Xi Jinping made successful visits to Vietnam, Malaysia and Cambodia, which brought the construction of bilateral communities of shared future to a higher level and promoted mutually beneficial cooperation in the direction of improving quality.

    Secondly, steps towards regional openness and cooperation have become more decisive. The negotiations on the China-ASEAN Free Trade Area 3.0 have been fully completed, and the protocol is expected to be signed within a year. The ASEAN-China-GCC (Gulf Cooperation Council) summit has launched a new model of interregional cooperation.

    Third, security cooperation has deepened. The two sides completed the third reading of the draft text of the Code of Conduct in the South China Sea, effectively resolving differences and maintaining overall maritime stability. China has also joined hands with Myanmar, Laos, Thailand and other countries to combat transnational crimes such as online gambling and cyber fraud.

    Fourth, mutual travel has become easier. Over the past two years, the two sides have held more than 100 cultural and humanitarian events. The issuance of “Lancang-Mekong visa” and “ASEAN visa” has officially begun, making mutual travel as convenient and frequent as family reunions.

    Wang Yi noted that China always regards ASEAN as a priority area of its diplomatic relations with its neighbors. Beijing views this region as a pioneering platform for the creation of a community with a common future for mankind, the minister added.

    According to him, China will continue to adhere to the principles of good-neighborliness, stable and prosperous neighborhood, benevolence, sincerity, mutual benefit, inclusiveness and common destiny. China is willing to work with ASEAN to promote Asia’s values of peace, cooperation, openness and inclusiveness, and build a common home of peace, security, prosperity, beauty and friendship, Wang said. He also said that China and ASEAN will actively promote the building of an even closer community with a shared future, accelerating the rise of Asia amid the rapid strengthening of the Global South. –0–

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

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  • MIL-OSI Russia: China is a reliable partner for ASEAN in addressing complex challenges: Wang Yi

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    KUALA LUMPUR, July 10 (Xinhua) — China has always been the most reliable stabilizing force in a turbulent world and the most reliable partner for members of the Association of Southeast Asian Nations (ASEAN) in tackling difficult challenges, Chinese Foreign Minister Wang Yi, a member of the Politburo of the Communist Party of China (CPC) Central Committee, said at a China-ASEAN foreign ministers’ meeting here on Thursday.

    Noting that China and ASEAN have similar development concepts, common requirements and integrated interests, he added that Beijing regards ASEAN as a priority area for diplomatic relations with its neighbors and a pioneering platform for promoting the building of a community with a shared future for mankind.

    “We should support each other and achieve success for each other in advancing the modernization process of Asia,” Wang said.

    The minister spoke about the achievements of China-ASEAN cooperation and put forward four proposals.

    First, it must become a benchmark for upholding international justice. Wang said China and ASEAN must resolutely uphold the global system with the UN at its core and the international order based on international law.

    China supports ASEAN’s central position in the regional architecture and its greater role in regional and international affairs. China is willing to work with ASEAN to practice open regionalism and genuine multilateralism and make greater contributions to regional and global governance.

    Secondly, it should be a model for maintaining peace and stability in the region. Peace and stability in the region are extremely valuable and must be reliably protected, and geopolitical conflicts or bloc confrontations should not spread to Asia, Wang Yi said. China is ready to take a leading role in signing the Protocol to the Treaty on a Nuclear-Weapon-Free Zone in Southeast Asia, he added.

    The South China Sea is a common home for regional countries, not a “gladiator arena” for major powers, and China is willing to expand cooperation with ASEAN countries in areas such as marine environmental protection, shipping safety, maritime law enforcement and key maritime infrastructure, fully implement the Declaration on the Conduct of Parties in the South China Sea, facilitate consultations on the Code of Conduct in the South China Sea and always hold the initiative in the South China Sea issue, the Foreign Minister stressed.

    Third, it is necessary to set an example of mutually beneficial cooperation. According to Wang Yi, Beijing is ready to cooperate with ASEAN in building the China-ASEAN Free Trade Area 3.0, effectively implement the Regional Comprehensive Economic Partnership (RCEP), and build a high-level free trade network.

    China is willing to continue to use high-quality cooperation under the Belt and Road Initiative as a core platform, strengthen communication and cooperation with ASEAN in industrial and supply chains, and advance cooperation in areas such as artificial intelligence, digital transformation and clean energy, the minister said.

    China highly appreciates ASEAN’s firm commitment to free trade and the multilateral trading system, and holds that economic and trade differences should be resolved through equal dialogue and mutual benefit, while upholding its own dignity and fundamental principles and not encroaching on the interests of third parties, Wang said.

    Fourth, we should set an example in promoting inclusiveness and mutual learning. China is willing to continue to advocate dialogue, exchanges and mutual learning among different civilizations with ASEAN countries, the foreign minister said. The two sides should jointly hold a successful Year of People-to-People Exchanges, intensify exchanges in the fields of education, youth, think tanks, media and other areas, take concrete measures to implement the Global Civilization Initiative and promote mutual understanding, friendship and integration among peoples.

    The participating countries noted that China-ASEAN cooperation is the most dynamic and fruitful. China has always been one of ASEAN’s most important dialogue partners, they said, expressing gratitude to China for supporting the association’s central position. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Xizang’s first scheduled cargo flight opens

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LHASA, July 10 (Xinhua) — China’s SF Airlines on Thursday launched a cargo flight linking Lhasa in China’s Xizang Autonomous Region and Ezhou in Hubei Province.

    The Boeing 757-200 of the company left Lhasa Konggar International Airport at 12:10 p.m., carrying agricultural products including tomatoes, chicken eggs, rapeseed oil and barley to Ezhou, becoming the first scheduled flight in Xijiang dedicated exclusively to cargo.

    According to the plan, round trip flights on this air route will be carried out once a week. The aircraft is capable of delivering more than 30 tons of cargo on the Lhasa-Ezhou route.

    The opening of the flight on the new route will make it more convenient to deliver products from Xizang not only to other regions of the country, but also beyond its borders, said Liu Shuxin, an employee of the Xizang branch of SF Airlines.

    Given Xijiang’s strategic location as the “gateway to South Asia,” the launch of the Lhasa-Ezhou route will help other regions in the country expand their supply of products to the South Asian market, he added.

    According to official data, airports in the Xizang Autonomous Region served 3.7 million passengers in the first half of this year. At the same time, the cargo turnover and the volume of parcels through them amounted to 26 thousand tons. These figures increased by 3.0 percent and 7.9 percent, respectively, year-on-year. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Europe: AFRICA – “Neocolonialism in fishing”: The fishing industry in West African countries is in crisis

    Source: Agenzia Fides – MIL OSI

    photo nigrizia.it

    by Cosimo GrazianiBanjul (Agenzia Fides) – In West African countries, the local fishing industry is in crisis. European countries are also to blame for this. Gambian activist Mustapha Manneh also spoke out at the United Nations World Oceans Conference, which took place this year in Nice from June 9 to 13.The core of the problem is the fishing of local species to produce fish feed for aquaculture farms in Greece and Turkey. The phenomenon affects the entire region and has the same characteristics: local species such as sardines and bonga are caught in large quantities and processed locally into fish feed for aquaculture; the produced material is shipped to Turkey, Greece, and China (these are the currently known destinations), where it is used in fish farms. The fish produced, in the case of Turkish farms, are mainly sea bream and bass. These farmed fish reach the stores of the destination countries and the tables of consumers, unaware that the consumed fillets are causing social and economic problems for entire populations on the African continent, where in the meantime, hundreds of families have lost their only source of income. As Manneh points out, the fishermen can no longer bring home enough fish to feed their families and face ever-increasing fuel costs: Whereas they used to be able to catch large quantities of fish in a shorter time, using only 20 liters of diesel, they now have to stay away longer to ensure a sufficient catch, and the amount of fuel required has at least tripled.The fishermen are not the only ones hit hard: an entire social fabric has been affected by this problem. In Senegal and Gambia, the fish was caught by men and sold by women, a system that, in its own way, also ensured relative social and economic equality. Now that catches are scarce, markets have disappeared in many cases, along with the stalls run by women, who must now find other sources of income. Another problem that fishermen in West Africa have faced in recent years is the presence of fishing boats from other countries—for example, from China—which significantly reduces the availability of fish to catch. In Guinea-Bissau, fishing boats from other countries often use trawling, which is prohibited due to the damage it can cause to ecosystems. The presence of foreign fishing boats in African waters is often regulated by agreements such as those concluded by the European Union with these countries. According to Manneh, their presence in Gambia is viewed with growing hostility by the local population, especially young people. The EU signed the last of a long line of fishing protocols with Gambia in 2019, which expire on July 30. This protocol stipulated that vessels from Spain, Greece, and France could fish in Gambian territorial waters for an annual fee of €550,000, a fee that was intended, among other things, to finance measures to protect the marine ecosystem. Similar agreements have been concluded with other countries in the region: In the case of Guinea-Bissau, the agreement was approved by the European Parliament last April and provides for compensation of up to €100 million per year. Alongside this agreement, the Parliament adopted a recommendation calling on the European Commission and Guinea-Bissau to improve fishing controls in the African country’s territorial waters. The fishing crisis in West African countries is also fueling illegal emigration to Europe. From the coasts of Senegal, it is possible to reach the Canary Islands, which belong to Spain. While reaching the Canary Islands represents an alternative to poverty for many, others become smugglers for the same reason, earning a living by transporting migrants. In Gambia, earnings for a single trip on a boat full of migrants can reach up to €200,000, an unimaginable sum for a Gambian fisherman. (Agenzia Fides, 10/7/2025)
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    MIL OSI Europe News –

  • MIL-OSI China: China eyes deeper Belt and Road cooperation with Egypt — premier

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

    Chinese Premier Li Qiang meets with Egyptian President Abdel Fattah El-Sisi in Cairo, Egypt, July 10, 2025. [Photo/Xinhua]

    CAIRO, July 10 — Chinese Premier Li Qiang said here on Thursday that China is willing to strengthen Belt and Road cooperation with Egypt in such areas as economy, trade, finance, manufacturing, new energy, science and technology, and cultural and people-to-people exchanges.

    During his meeting with Egyptian President Abdel Fattah El-Sisi, Li also said that China is willing to encourage more capable Chinese enterprises to invest in Egypt.

    Li conveyed to Sisi cordial greetings from Chinese President Xi Jinping, saying that China-Egypt relations have flourished in recent years under the strategic guidance of the two heads of state.

    The Chinese side, Li said, is ready to work with Egypt to take the 70th anniversary of diplomatic ties between the two countries next year as an opportunity to carry forward the traditional friendship, consolidate political mutual trust, and continue to firmly support each other on issues concerning each other’s core interests.

    China is also willing to join Egypt to continue to enrich the China-Egypt comprehensive strategic partnership, push for more achievements in cooperation in various fields between the two nations, and keep moving forward to the goal of building a China-Egypt community with a shared future in the new era.

    The international landscape is marked by mounting turbulence and escalating disorder, with prolonged and unresolved conflicts particularly afflicting the West Asian and North African regions, Li said.

    China stands ready to maintain close communication with Egypt and promote an early ceasefire in Gaza, Li said.

    The Chinese side is also ready to join Egypt in alleviating the humanitarian crisis, preventing the spillover and escalation of the conflict, and making unremitting efforts for a comprehensive, just and lasting settlement of the Palestinian issue, said the Chinese premier.

    He said China is willing to work with Egypt to enhance communication and coordination within multilateral platforms including the United Nations, BRICS and the Shanghai Cooperation Organization, and practice true multilateralism.

    Li added that China will work with Egypt to promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, and push for the steady and long-term development of China-Arab and China-Africa cooperation.

    Chinese Premier Li Qiang meets with Egyptian President Abdel Fattah El-Sisi in Cairo, Egypt, July 10, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: China to work with Egypt to practice true multilateralism — Chinese premier

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

    CAIRO, July 10 — China is willing to work with Egypt to practice true multilateralism, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Chinese Premier Li Qiang said here on Thursday.

    Li’s remarks came during his meeting with Egyptian President Abdel Fattah El-Sisi. Li is on an official visit to the country at the invitation of Egyptian Prime Minister Mostafa Kamal Madbouly.

    MIL OSI China News –

  • MIL-OSI China: China raises basic pension benefits for retirees

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

    BEIJING, July 10 — China announced Thursday that it will raise basic pension benefits for retirees in 2025.

    The average monthly payment for pensioners is set to be lifted by 2 percent from the 2024 level, according to a circular jointly issued by the Ministry of Human Resources and Social Security and the Ministry of Finance.

    MIL OSI China News –

  • MIL-OSI China: China raises basic pension benefits for retirees

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

    BEIJING, July 10 — China announced Thursday that it will raise basic pension benefits for retirees in 2025.

    The average monthly payment for pensioners is set to be lifted by 2 percent from the 2024 level, according to a circular jointly issued by the Ministry of Human Resources and Social Security and the Ministry of Finance.

    MIL OSI China News –

  • MIL-OSI China: Xi calls for global dialogue, cooperation network among civilizations

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

    BEIJING, July 10 — Chinese President Xi Jinping said on Thursday that China is ready to work with other countries in building a global network for dialogue and cooperation among civilizations.

    Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the statement in a congratulatory letter to the Global Civilizations Dialogue Ministerial Meeting, which opened in Beijing.

    He pledged that China will work with other countries to champion equality, mutual learning, dialogue and inclusiveness among civilizations, and implement the Global Civilization Initiative, in a bid to provide fresh impetus for advancing human civilizations and promoting world peace and development.

    “The world is, in nature, a place of diverse civilizations,” Xi said in the letter. “History has shown us that exchanges and mutual learning among civilizations are essential for civilizations to flourish and human progress to be made.”

    In a world where transformations and turbulences are interwoven and humanity stands at a new crossroads, there is an ever-pressing need for civilizations to transcend estrangement through exchanges, and to transcend clashes through mutual learning, Xi said.

    He also expressed his hope that participating representatives would engage in in-depth exchanges to build consensus and contribute their wisdom and strength to the goal of promoting understanding and friendship among peoples, and achieving harmonious coexistence among civilizations.

    Themed “Safeguarding Diversity of Human Civilizations for World Peace and Development,” the two-day meeting is co-hosted by the Publicity Department of the CPC Central Committee and the International Department of the CPC Central Committee.

    MIL OSI China News –

  • MIL-OSI China: China honors international contributors to cultural exchange

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

    BEIJING, July 10 — The second Orchid Awards ceremony was held in Beijing on Thursday, honoring China’s foreign friends and organizations that have promoted the shared values of humanity, facilitated cultural exchange between China and the rest of the world, and strengthened popular support for jointly building a community with a shared future for humanity.

    Among the awardees were nine foreign nationals, including Irina Bokova from Bulgaria, Rashid Alimov from Tajikistan and Maxime Vivas from France. The Philadelphia Orchestra from the United States also received the award.

    In their remarks, awardees stressed the importance of cultural dialogue in a world facing growing uncertainty. They said that the world should seek common ground while shelving differences, deepen mutual learning, and make a shared commitment to peace and cooperation.

    Hosted by the China International Communication Group, the event drew over 300 participants from relevant central departments, international organizations, diplomatic envoys in China, and representatives of Chinese and foreign think tanks and media organizations.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: FS views I&T facilities in Seoul

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan today concluded his visit to Seoul by touring leading Korean innovation and technology (I&T) enterprise NAVER and Seoul’s Digital Media City.

    NAVER engages in diverse fields such as electronic payments, e-commerce, fintech, information technology, cloud services, AI and robotics.

    Mr Chan was briefed by the company’s management and research and development (R&D) heads on its development journey, technological innovations, application scenarios and future business directions.

    He also had in-depth exchanges with them, and watched a demonstration of NAVER’s AI and robotics applications.

    The Financial Secretary noted that Hong Kong is also making great strides in developing its AI sector and is actively enhancing the related infrastructure. Institutions such as the Hong Kong Science & Technology Parks and Cyberport are working to build a more vibrant I&T ecosystem.

    He highlighted that under the “one country, two systems” principle, Hong Kong, being an international financial centre, offers a comprehensive range of fundraising options and a robust legal system that safeguards data and intellectual property rights.

    Mr Chan welcomed NAVER to collaborate with Hong Kong partners in R&D and business development, and to leverage Hong Kong as a fundraising platform to support its international expansion.

    The finance chief also visited Seoul’s Digital Media City where he met the management team to learn more about the project’s development history and future plans, and toured an exhibition showcasing how extended reality technology is being used to support urban development.

    A project led by the Seoul Metropolitan Government, Digital Media City is home to numerous companies in digital media, film and entertainment, gaming and animation, information technology and more.

    In addition, Mr Chan paid a courtesy call on Chinese Ambassador to the Republic of Korea Dai Bing, to brief him on Hong Kong’s latest social and economic developments as well as the recent trends in its economic and trade relations with Korea.

    They also exchanged views on the global geopolitical and economic landscape, regional trade co-operation and the development of China-Korea relations.

    Mr Chan will depart for Hong Kong in the evening.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: FS views I&T facilities in Seoul

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan today concluded his visit to Seoul by touring leading Korean innovation and technology (I&T) enterprise NAVER and Seoul’s Digital Media City.

    NAVER engages in diverse fields such as electronic payments, e-commerce, fintech, information technology, cloud services, AI and robotics.

    Mr Chan was briefed by the company’s management and research and development (R&D) heads on its development journey, technological innovations, application scenarios and future business directions.

    He also had in-depth exchanges with them, and watched a demonstration of NAVER’s AI and robotics applications.

    The Financial Secretary noted that Hong Kong is also making great strides in developing its AI sector and is actively enhancing the related infrastructure. Institutions such as the Hong Kong Science & Technology Parks and Cyberport are working to build a more vibrant I&T ecosystem.

    He highlighted that under the “one country, two systems” principle, Hong Kong, being an international financial centre, offers a comprehensive range of fundraising options and a robust legal system that safeguards data and intellectual property rights.

    Mr Chan welcomed NAVER to collaborate with Hong Kong partners in R&D and business development, and to leverage Hong Kong as a fundraising platform to support its international expansion.

    The finance chief also visited Seoul’s Digital Media City where he met the management team to learn more about the project’s development history and future plans, and toured an exhibition showcasing how extended reality technology is being used to support urban development.

    A project led by the Seoul Metropolitan Government, Digital Media City is home to numerous companies in digital media, film and entertainment, gaming and animation, information technology and more.

    In addition, Mr Chan paid a courtesy call on Chinese Ambassador to the Republic of Korea Dai Bing, to brief him on Hong Kong’s latest social and economic developments as well as the recent trends in its economic and trade relations with Korea.

    They also exchanged views on the global geopolitical and economic landscape, regional trade co-operation and the development of China-Korea relations.

    Mr Chan will depart for Hong Kong in the evening.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Yuri Trutnev: VEB.RF will support the creation of more than 1,000 new jobs in the Far East

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    The state corporation VEB.RF will provide preferential credit funds (with a Far Eastern subsidy) in the amount of 16 billion rubles for the construction of the world’s first interstate cable car, which will connect Russia and China across the Amur River. In addition, three more projects in the Amur Region and Primorye will be financed. The implementation of these projects will ensure the creation of more than 1 thousand jobs. The corresponding decision was made following a meeting of the Presidium of the Government Commission on the Socio-Economic Development of the Far East, chaired by Deputy Prime Minister – Plenipotentiary Representative of the President in the Far Eastern Federal District Yuri Trutnev.

    “Attracting investment to the regions creates conditions for growth. We help all investors who are ready to work and develop the Far East, invest in the territory of Russia. Investors in the Far East receive a wide range of benefits provided by the conditions of preferential regimes, reimbursement of infrastructure costs. A number of projects significant for the Far East are already receiving preferential lending from the state corporation VEB.RF. We will continue to support investment projects aimed at developing the economy of the Far Eastern regions and improving the quality of life of Far Easterners,” said Yuri Trutnev.

    “VEB.RF will provide preferential financing in the amount of more than 16 billion rubles for the construction of the world’s first interstate cable car, which will connect Russia and China via the Amur. Support will be provided, among other things, for the construction of a production and logistics complex in Belogorsk for the deep processing of soybeans and rapeseed, the creation of a fishing port on the Nazimov Peninsula in Vladivostok, and the construction of the Artem multimodal transport and logistics center in Primorsky Krai. The implementation of these projects will ensure the creation of more than 1,000 jobs,” said Artem Dovlatov, Deputy Chairman of VEB.RF.

    The Blagoveshchensk-Heihe cable car construction project is the creation of the world’s first cable car that will connect not only neighboring cities, but also countries. The cross-border cable car is an innovative and high-tech infrastructure solution that facilitates communication between two neighboring countries. The project involves the construction of cable car stations and passenger terminals on opposite banks of the Amur River on the Russian and Chinese sides.

    The project to create a cross-border cable car is being implemented within the framework of the intergovernmental agreement between Russia and China dated September 3, 2015. According to the design documentation, the journey along the future cable car from Blagoveshchensk to Heihe should take about three minutes, and the capacity of the cable car terminal will be 6,850 passengers per day, or up to 2.5 million passengers per year.

    The project to build a production and logistics complex in the city of Belogorsk in the Amur Region will also receive preferential financing from the 16 billion rubles allocated by VEB.RF. Deep processing of soybeans and rapeseed will be organized at one of the largest processing plants in Russia. The new enterprise should be launched next year.

    Two projects in Primorye will also receive support. The first is for the development of a fishing port on the Nazimov Peninsula (stage II) in Vladivostok. The project envisages the construction of a modern cold warehouse with a capacity of 25 thousand tons of one-time storage of fish products, a crab holding pool, and a site for storing refrigerated containers.

    The second is the construction of the multimodal transport and logistics center “Artem”. The creation of a high-tech logistics complex includes the construction of modern railway, terminal, warehouse and customs infrastructure: a container site, 70 km long intra-terminal railway tracks with a connection to the Artem-Primorsky-1 and Artem-Primorsky-2 stations of the Far Eastern Railway.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: China to reap bumper summer grain harvest in 2025

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 10 (Xinhua) — China has produced a stable and bumper summer grain harvest this year, totaling 149.74 million tonnes, official data showed Thursday.

    According to the National Bureau of Statistics (NBS), China’s grain harvest in the summer period slightly decreased by 0.1 percent compared with last year due to difficult weather conditions.

    The decline in the summer grain harvest was minimal, and the overall harvest remained stable overall, said Wei Fenghua, an official with the National Grain Bureau.

    “A stable and large grain harvest in China in 2025 lays a solid foundation for overall annual grain production, providing strong support for responding to the complex international environment and promoting sustainable economic growth,” he said.

    A severe drought has hit major agricultural areas including Henan and Shaanxi provinces, causing some problems. However, active irrigation measures including large-scale water diversion have ensured that most farmland is effectively irrigated, Wei Fenghua explained.

    As China enters its main flood season, the Ministry of Agriculture and Rural Affairs has launched a 100-day campaign to boost crop yields, mitigate disasters and ensure the autumn grain harvest, which is of great significance to China’s food security.

    To achieve China’s grain production target of about 700 million tons this year, the ministry will dispatch teams to guide field work to ensure reliable crop emergence, prevent natural disasters and control pests. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Ministerial meeting of the Global Dialogue of Civilizations opens in Beijing

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 10 (Xinhua) — The ministerial meeting of the Global Dialogue of Civilizations on “Preserving the Diversity of Human Civilizations for World Peace and Development” kicked off in Beijing on Thursday.

    The two-day event, which will focus on the importance of cultural diversity and mutual learning in advancing human progress, attracted more than 600 guests from 140 countries and regions.

    At the parallel sub-forums, participants will discuss the key role of inter-civilizational exchanges and mutual enrichment in creating an inclusive world, promoting global development and prosperity, activating cultural heritage and innovation, strengthening mutual understanding and friendship among peoples, stimulating scientific and technological progress and expanding academic exchanges.

    The meeting is organized by the Propaganda Department of the CPC Central Committee and the International Relations Department of the CPC Central Committee. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese and Turkish freight carriers launch regular express trains from Southwest China to Europe

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    CHONGQING, July 10 (Xinhua) — An express train loaded with telecommunications equipment, auto parts and other goods departed from the southwest Chinese metropolis of Chongqing on the China-Europe international rail freight route at around 12 p.m. on Wednesday, marking the start of regular freight express service on the route.

    The new services are said to be a new logistics product jointly developed by Chongqing-based supply chain management company Yuxinou and Turkish company Pacific Global Logistics.

    The train will cross the border at the Khorgos checkpoint in Northwest China’s Xinjiang Uyghur Autonomous Region, pass through Azerbaijan and Georgia, and eventually reach Turkey and then European cities.

    Regular operation of such an express will reduce the time for delivery of goods from Chongqing to Europe via the Middle Corridor /Trans-Caspian International Transport Route/ to 25-30 days, which is at least ten days faster than the traditional method, said the chairman of the board of the above-mentioned Turkish company, Askar Sadik.

    On the same day, a project was also signed to transform Chongqing into an international procurement hub along the Middle Corridor, establish a cooperation network for enterprises in the fields of trade, industrial chains and supply chains in Eurasia, and establish a mechanism for their regular dialogue. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: China Ready to Facilitate Early Ceasefire in Gaza – Li Qiang

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    CAIRO, July 10 (Xinhua) — China is ready to maintain close communication with Egypt and promote an early ceasefire in the Gaza Strip, Chinese Premier Li Qiang said at a meeting with Egyptian President Abdel Fattah al-Sisi here on Thursday.

    According to him, the Chinese side is also willing to work with Egypt to alleviate the humanitarian crisis, prevent the spread and escalation of the conflict, and make unremitting efforts for a comprehensive, fair and lasting settlement of the Palestinian issue. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: China Considering Deepening Cooperation with Egypt under Belt and Road Initiative – Li Qiang

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    CAIRO, July 10 (Xinhua) — China is willing to strengthen cooperation with Egypt under the Belt and Road Initiative in areas including economy, trade, finance, manufacturing, new energy, science and technology, as well as cultural and people-to-people exchanges, Chinese Premier Li Qiang said here on Thursday during a meeting with Egyptian President Abdel Fattah el-Sisi.

    China is ready to encourage more competitive Chinese companies to invest in Egypt’s economy, he added. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Mongolia’s annual inflation rate reached 8.2 percent in June 2025

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    ULAN BATOR, July 10 (Xinhua) — Mongolia’s annual inflation rate reached 8.2 percent in June 2025, the country’s National Statistical Committee said on Thursday.

    This indicator was directly affected by the increase in prices for imported goods and socially significant food products, the official statement says.

    Currently, the Central Bank of Mongolia is working to maintain the inflation rate within 5 percent (plus or minus 2 percentage points) in order to ensure macroeconomic and financial stability in the medium term.

    According to the Central Bank, in May 2025, annual inflation in Mongolia was 8.3 percent. At the same time, in the capital Ulaanbaatar, where more than half of the country’s population lives, this figure rose to 9.4 percent. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI China: Chinese peacekeeping multi-role engineering company to Lebanon passes UN equipment inspection 2025-07-09 17:25:45 Recently, the 23rd Chinese Peacekeeping Multi-Role Engineering Company to the United Nations Interim Force in Lebanon (UNIFIL) passed the UN equipment inspection withhigh standards.

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

      BEIJING, July 9 — Recently, the 23rd Chinese Peacekeeping Multi-Role Engineering Company to the United Nations Interim Force in Lebanon (UNIFIL) passed the UN equipment inspection withhigh standards.

      The equipment inspection is conducted under the requirements of the memorandum of understanding (MOU) signed by the UN with the troop-contributing countries to assess whether the peacekeeping troops’ weapons, equipment, and facilities meet corresponding standards.

      The inspection team, composed of more than ten members dispatched by the UNIFIL headquarters, thoroughly inspected over 10,000 pieces of equipment in 27 categories including weapons and ammunition, vehicles, mine-clearing equipment, and medical equipment.

      Since its deployment, the 23rd Chinese Peacekeeping Multi-Role Engineering Company to UNIFIL has completed minefield clearing, road barrier removal, medical assistance, and various other tasks, contributing to maintaining world peace with concrete actions.

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    MIL OSI China News –

  • MIL-OSI China: 8th NDU International Defense Forum held in Beijing 2025-07-10 18:06:18 The 8th International Defense Forum hosted by the National Defense University (NDU) of the Chinese People’s Liberation Army (PLA) kicked off in Beijing recently.

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

      BEIJING, July 10 — The 8th International Defense Forum hosted by the National Defense University (NDU) of the Chinese People’s Liberation Army (PLA) kicked off in Beijing recently. More than 200 military and civilian scholars from nearly 100 countries participated in the forum. Under the theme of “International Security Cooperation amid Interweaving Turbulence and Changes”, the forum focused on three topics including the 80th anniversary of the founding of the UN and maintaining world peace, international and regional security amid interweaving turmoil, and new paths and initiatives for global and regional security governance.

      Through forms such as keynote speeches, sub-topic presentations, group discussions, and plenary discussions and interactions, the participants had exchanges on the joint promotion of peaceful development, artificial intelligence (AI) and future warfare, Global Security Initiative (GSI), China’s solutions to global security challenges, and other topics.

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    MIL OSI China News –

  • MIL-OSI China: Xi calls for global dialogue, cooperation network among civilizations 2025-07-10 18:30:31 Chinese President Xi Jinping said on Thursday that China is ready to work with other countries in building a global network for dialogue and cooperation among civilizations.

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

      BEIJING, July 10 (Xinhua) — Chinese President Xi Jinping said on Thursday that China is ready to work with other countries in building a global network for dialogue and cooperation among civilizations.

      Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the statement in a congratulatory letter to the Global Civilizations Dialogue Ministerial Meeting, which opened in Beijing.

      He pledged that China will work with other countries to champion equality, mutual learning, dialogue and inclusiveness among civilizations, and implement the Global Civilization Initiative, in a bid to provide fresh impetus for advancing human civilizations and promoting world peace and development.

      “The world is, in nature, a place of diverse civilizations,” Xi said in the letter. “History has shown us that exchanges and mutual learning among civilizations are essential for civilizations to flourish and human progress to be made.”

      In a world where transformations and turbulences are interwoven and humanity stands at a new crossroads, there is an ever-pressing need for civilizations to transcend estrangement through exchanges, and to transcend clashes through mutual learning, Xi said.

      He also expressed his hope that participating representatives would engage in in-depth exchanges to build consensus and contribute their wisdom and strength to the goal of promoting understanding and friendship among peoples, and achieving harmonious coexistence among civilizations.

      Themed “Safeguarding Diversity of Human Civilizations for World Peace and Development,” the two-day meeting is co-hosted by the Publicity Department of the CPC Central Committee and the International Department of the CPC Central Committee. 

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    MIL OSI China News –

  • MIL-OSI Africa: Afreximbank President Launches New Edition of Structured Trade Finance Book at 32nd Annual Meetings

    Source: APO

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) launched the second edition of Foundations and Evolution of Structured Trade Finance, a landmark publication on a specialised field of trade finance shaped by decades of real-world application.

    Authored by Professor Benedict O. Oramah, President and Chairman of the Board of Directors of Afreximbank and a pivotal figure in the development of Structured Trade Finance (STF), the book provides a practical, step-by-step guide to structuring trade finance transactions. It delves into real-world case studies, explores risks and the theoretical foundations of STF, and broadens its scope beyond commodities to address a wide range of trade scenarios.

    The updated edition introduces dedicated chapters on reserve-based lending, supply chain finance, and the use of emerging technologies in structured trade finance. These additions make the book particularly relevant in today’s complex and increasingly risk-sensitive global regulatory environment.

    Speaking at the book launch and signing event held during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, Professor Oramah reflected on the significant progress made in trade finance since the early 1990s.

    “When I joined Afreximbank in 1994 the world was still grappling with a severe sovereign debt crisis, and structured trade finance was just beginning to emerge as a tool for financing trade in challenging markets.

    “As Afreximbank began operations in 1994, we embraced structured trade finance for its ability to mitigate risk. At its core, structured trade finance enables practitioners to be innovative, as its fundamental principle allows for the transfer of risks from parties who are less able to bear them to those who are more capable of absorbing shocks,” said Professor Oramah.

    The first edition of the book highlighted trade finance structures that largely supported North-South trade—an approach that contributed to trade diversion, with businesses often favouring extra-African over intra-African trade due to more accessible financing.

    Today, global trade dynamics have shifted dramatically. South-South trade now dominates, with Africa’s trade with other developing countries rising from approximately 23% of its total trade in 1995 to an estimated 68% in 2024. Over the same period, Africa’s trade with advanced economies has declined to less than 50%.

    Structured Trade Finance has played a transformative role in reversing Africa’s trend of de-industrialisation. By extending beyond commodity-based structures, STF has supported the emergence of African manufacturing hubs, fostered regional and domestic value chains, and enabled the growth of small and medium-sized enterprises. Afreximbank continues to build the continent’s economic future on this foundation of innovation and resilience.

    The second edition of Foundations and Evolution of Structured Trade Finance is now available via Globe Law and Business (www.GlobeLawAndBusiness.com), Amazon, and major retailers including Blackwell’s, Waterstones, Wildy’s, Baker & Taylor, and Gardners.

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

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