Category: Russia

  • MIL-OSI Russia: Breaking: Pakistan Convenes National Command Meeting to Discuss Use of Nuclear Capabilities Against India

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: Pakistan convened, discussions on the use, potential, urgently, command, India, conditions of escalation of tension, use of missile, discussions of possible, Sharif, Saturday, reported, convened, prime minister, measures, command

    ISLAMABAD, May 10 (Xinhua) — Pakistan Prime Minister Shahbaz Sharif on Saturday convened an emergency meeting of the National Command Authority to discuss possible missile and nuclear retaliation amid escalating tensions with India, a local state television channel reported.

    Source: Xinhua

    Breaking: Pakistan convenes National Command Meeting to discuss using nuclear capability against India Breaking: Pakistan convenes National Command Meeting to discuss using nuclear capability against India

    MIL OSI Russia News

  • MIL-OSI Russia: China’s CPI fell 0.1 pct in April 2025

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: PRC, consumer price index, fell, percent, China, year, April, main inflation indicator, Saturday state, annualized, prices, management, reported

    BEIJING, May 10 (Xinhua) — China’s consumer price index (CPI), a key measure of inflation, fell 0.1 percent year on year in April 2025, the National Bureau of Statistics (NBS) said Saturday. -0-

    Source: Xinhua

    China’s CPI down 0.1 pct in April 2025 China’s CPI down 0.1 pct in April 2025

    MIL OSI Russia News

  • MIL-OSI Russia: China’s PPI fell 2.7 pct in April 2025

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: producer price index, China, fell, percent, China, year, April, producer prices of goods, indicator of change, year-on-year, services, management, Saturday, testify

    BEIJING, May 10 (Xinhua) — China’s producer price index (PPI), a measure of wholesale prices of goods and services, fell 2.7 percent year on year in April 2025, data from the National Bureau of Statistics (NBS) showed Saturday. -0-

    Source: Xinhua

    China’s PPI fell 2.7 pct in April 2025 China’s PPI fell 2.7 pct in April 2025

    MIL OSI Russia News

  • MIL-OSI Russia: China’s online literature market sees strong growth in 2024

    Translation. Region: Russian Federal

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

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

    BEIJING, May 10 (Xinhua) — China’s online literature market was worth 43.06 billion yuan (about 5.97 billion U.S. dollars) by the end of 2024, up 6.8 percent year on year, according to a study released Friday by the Chinese Academy of Social Sciences.

    According to the study, by the end of last year the readership of literature reached 575 million people, with an increase of 10.58 percent.

    In 2024, a series of works featuring realistic themes and the best achievements of Chinese traditional culture appeared on the country’s online literature market, which became vivid bearers of the society’s core values and the results of encouraging cultural innovation, the study said.

    Another feature of the market is the expansion of the commercialization of intellectual property. According to the study, the market size of online literary adaptations will exceed 298 billion yuan in 2024, helping to create synergies with mini-series, games and other forms of content on various user terminals. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Breaking: Pakistan Launches Military Operation Against India

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: Pakistan, started, operation, India, urgently, Saturday, official sources, continuous provocations, as a response, reported, Pakistan, started

    ISLAMABAD, May 10 (Xinhua) — Pakistan has launched a large-scale military operation in response to India’s continued provocations, official sources said Saturday.

    Source: Xinhua

    Breaking: Pakistan Launches Military Operation Against India Breaking: Pakistan Launches Military Operation Against India

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  • MIL-OSI Russia: ​China Brings More Confidence to Global Economy

    Translation. Region: Russian Federal

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

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

    Leaders of multinational companies, taking into account the actual situation of scientific and technological innovation, social development and other aspects in China, hope to jointly explore new synergies in the fields of digital technology, artificial intelligence and healthcare.

    “I am very happy to be back in China. IKEA has been in China for 60 years, but we are thinking about the next 60 years,” Inter IKEA Group CEO Jon Abrahamsson Ring said recently, adding that long-term cooperation with China is important and that the development of Chinese renewable energy technologies is “very good,” which will contribute to IKEA’s future sustainable development.

    Sean Green, President and CEO of BMW Group China, noted that “Chinese consumers are on average around 20 years younger than Europeans.” BMW is addressing the digital needs of young Chinese consumers and is deepening strategic collaborations with Chinese technology companies, deeply integrating cloud-based interactive capabilities and personalized generative AI experiences so that vehicles can more seamlessly adapt to China’s smart city infrastructure in the future. André Hoffmann, Deputy Chairman of the Roche Group, noted that China’s healthcare needs, coupled with an aging society, are growing and will provide greater opportunities for innovative medicines to develop. He stressed that Roche looks forward to working closely with the Chinese government, healthcare providers and industry partners.

    Schneider Electric Group Chairman Jean-Pascal Tricoire said Schneider Electric is working with multiple Chinese suppliers to implement carbon-reducing practices. Its plant in Shanghai’s Putuo district has reduced its new product development cycle by 63% and increased its average production efficiency per person by 82%, setting a model for existing plants. By 2027, Amway plans to upgrade and improve more than 100 spaces where people can use its products to promote a healthy, quality lifestyle. The company will also undertake research projects such as building its own organic farms, anti-aging plant breeding, and space breeding…

    The rapidly growing Chinese market will continue to create new growth poles and bring more dynamism and confidence to the global economy. “The transformation of the Chinese mainland economy has opened up enormous opportunities for the world. Various breakthrough innovations are transforming the economic structure and driving economic growth,” said Hong Kong Stock Exchange Chairman Tang Jiacheng. “As a leading financial center in Asia, Hong Kong can provide important financial support for these innovations,” he added.

    Standing at a new historical turning point, the Chinese market has transformed from a uniform production base into a global source of innovation. Foreign-invested enterprises need to seize the breakthrough opportunities of “future technologies” such as artificial intelligence and quantum computing, and deeply develop “markets in third-tier cities and below” that are closely related to people’s social security.

    MIL OSI Russia News

  • MIL-OSI Russia: China hopes to work with Slovakia and other countries to confront challenges and uphold international fairness and justice – Xi Jinping

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 (Xinhua) — China hopes to work with Slovakia and other countries to address challenges through unity and cooperation and uphold international fairness and justice, Chinese President Xi Jinping said on Friday.

    The Chinese leader expressed hope that Slovakia will play an active role in promoting the positive and progressive development of China-EU relations.

    Xi Jinping made the relevant statements during a meeting with Slovakian Prime Minister Robert Fico on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    The Chinese President pointed out that promoting the comprehensive, deep and high-level development of China-Slovakia relations meets the fundamental interests of the peoples of the two countries and is in line with the historical trend of open cooperation and mutual benefit.

    Noting that the important consensus reached by the leaders of the two countries during R. Fico’s visit to China in November 2024 is being actively implemented, Xi Jinping stated that the Chinese-Slovak strategic partnership relations are entering the “fast lane”.

    According to Xi Jinping, the two sides should consistently deepen traditional friendship, increase high-level exchanges, firmly support each other, expand mutually beneficial cooperation, promote high-quality cooperation within the framework of the Belt and Road, and promote the sustainable and long-term development of China-Slovakia and China-Europe ties.

    China welcomes Slovakia’s participation as a guest of honor at the 4th EXPO China – Central and Eastern European Countries and International Consumer Goods Fair, which will help increase the export of high-quality Slovak products to China, Xi Jinping noted. He added that China is pleased to see more Chinese enterprises investing in Slovakia and setting up business in the country.

    R. Fico, for his part, assured that deepening the Slovak-Chinese strategic partnership is one of the main priorities of his country’s foreign policy.

    According to him, Slovakia intends to firmly adhere to the one-China policy, actively promote friendly and mutually beneficial cooperation with China, expand trade and investment cooperation, strengthen cultural and humanitarian exchanges, contributing to new progress in bilateral relations.

    Noting that healthy and stable relations between the European Union and China are in the common interests of both sides, R. Fico stressed that Slovakia seeks to promote the development of European-Chinese relations.

    According to the Prime Minister, Slovakia supports major initiatives put forward by China, such as the creation of a community with a shared future for mankind, and highly values China’s position and constructive role in issues such as Ukraine and the Middle East.

    Slovakia expects to work together with China to uphold multilateralism, protect free trade rules, and safeguard the stability of global production and distribution chains, added R. Fico. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Georgian Prime Minister Congratulates WWII Veterans on 80th Anniversary of Victory Over Fascism

    Translation. Region: Russian Federal

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

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

    Tbilisi, May 10 (Xinhua) — Georgian Prime Minister Irakli Kobakhidze on Friday paid tribute to those killed in the Great Patriotic War and laid a wreath at the bust of Georgian soldier Meliton Kantaria in the Veterans’ Recreation and Culture Park, the country’s government administration said.

    I. Kobakhidze congratulated the veterans of World War II who gathered in the park on the 80th anniversary of the victory over fascism.

    “We honor the memory of those who died during World War II. Fascism was a great evil, and the defeat of fascism is a very important event. I would like to congratulate all veterans on this day once again,” the head of government emphasized.

    The Prime Minister was at the Veterans’ Recreation and Culture Park together with Georgian President Mikheil Kavelashvili, Chairman of Parliament Shalva Papuashvili, Tbilisi Mayor Kakha Kaladze and other representatives of the executive and legislative branches.

    Around 300,000 Georgians died in the war, which lasted from 1941 to 1945. According to the latest data, 74 participants of the Second World War currently live in Georgia.

    This day is officially a non-working day in the country. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Breaking: India Launches Missile Strikes on Three Air Bases in Pakistan

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: three airbases, india, struck, urgently, pakistan, class missiles, rawalpindi, khan, reported, representative, surface, noor, islamabad, india, launched, air

    ISLAMABAD, May 10 (Xinhua) — India fired air-to-surface missiles at three Pakistani air bases, including Nur Khan in Rawalpindi, near Islamabad, a Pakistani army spokesman said.

    Source: Xinhua

    Breaking: India launches missile strikes on three air bases in Pakistan Breaking: India launches missile strikes on three air bases in Pakistan

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping Calls on China, Myanmar to Steadily Push Forward Key Projects of China-Myanmar Economic Corridor

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 (Xinhua) — Chinese President Xi Jinping on Friday called on China and Myanmar to deepen strategic cooperation and steadily advance the implementation of key projects of the China-Myanmar Economic Corridor.

    Xi Jinping made the statement during a meeting with Myanmar leader Min Aung Hlaing on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    The Chinese President emphasized that China and Myanmar are members of a community with a shared future, sharing joys and sorrows and supporting each other. According to him, the Five Principles of Peaceful Coexistence and the “Bandung Spirit” that China and Myanmar jointly uphold have not lost their relevance over time, and their contemporary significance is becoming increasingly visible.

    Recalling that this year marks the 75th anniversary of the establishment of diplomatic relations between the two countries, Xi Jinping assured that China will firmly adhere to the concept and strategy of a friendly, secure and prosperous neighborhood, benevolence, sincerity, mutual benefit, inclusiveness and common destiny.

    China will work with Myanmar to deepen the building of a community with a shared future, advance high-quality cooperation under the Belt and Road Initiative, and implement the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative, which will bring greater benefits to the peoples of both countries, Xi promised.

    He recalled that not long ago a strong earthquake occurred in Myanmar’s Mandalay, which led to large casualties and significant material damage, and noted that China was the first to send rescue teams and provide emergency humanitarian aid. China is ready to continue to provide assistance to Myanmar in its recovery from the disaster, the Chinese leader added.

    The Chinese side, Xi Jinping continued, supports Myanmar in following a development path that suits its national conditions, in protecting its sovereignty, independence, territorial integrity and national stability, and in confidently advancing its domestic political agenda.

    The Chinese president expressed hope that Myanmar will take concrete measures to ensure the safety of Chinese personnel, institutions and projects on its territory, and step up efforts to combat cross-border crimes such as online gambling and telecom fraud.

    Xi called on the parties to jointly uphold the international system with the UN at its core and the international order based on international law, and safeguard the legitimate rights and interests of developing countries.

    Min Aung Hlaing, for his part, noted that after the powerful earthquake in Myanmar, China immediately expressed sincere condolences and was the first to provide assistance in eliminating the consequences of the disaster, demonstrating fraternal friendship and readiness to lend a helping hand in difficult times. The people of Myanmar will always remember this, Min Aung Hlaing assured.

    Under the wise leadership of President Xi Jinping, China has made remarkable progress in advancing Chinese-style modernization, he said, adding that Myanmar attaches great importance to its relations with China and will always be a friendly neighbor that China can trust.

    Min Aung Hlaing said Myanmar is committed to advancing cooperation with China in areas such as economy, trade and energy, and will make every effort to ensure the safety of Chinese projects and personnel on its territory.

    Myanmar highly values the three global initiatives proposed by China and the concept of building a community of shared destiny with neighboring countries, and hopes to work with China to address common challenges, the Myanmar leader added. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China supports Cuba in defending sovereignty and resisting foreign interference: Xi Jinping

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 (Xinhua) — China firmly supports Cuba in defending its national sovereignty and opposing foreign interference and blockade, Chinese President Xi Jinping said in the Russian capital on Friday.

    Xi Jinping made the statement during a meeting with Cuban President Miguel Diaz-Canel on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    As the Chinese President noted, the Chinese side also supports Cuba’s efforts to promote socio-economic development. The two countries, as important members of the Global South, should strengthen coordination and cooperation within such structures as BRICS and the China-CELAC Forum (Community of Latin American and Caribbean States), oppose power politics and unilateral bullying, and uphold international fairness and justice, the Chinese leader stressed.

    Xi Jinping recalled that in recent years, he has met with M. Diaz-Canel on several occasions and together they have brought China-Cuba relations to a new stage, characterized by deeper political mutual trust, closer strategic cooperation and stronger popular support.

    This year marks the 65th anniversary of the establishment of diplomatic relations between China and Cuba, Xi said, adding that China is willing to further strengthen the ironclad friendship with Cuba, build a closer China-Cuba community with a shared future, and set a model for solidarity and cooperation among socialist countries and sincere mutual assistance among developing countries.

    Xi called on the two sides to promote steady progress in exchanges at all levels and cooperation in various fields, ensuring that high-level political mutual trust always remains the hallmark of inter-party and inter-state relations.

    M. Diaz-Canel, for his part, stated that Cuba and China are close friends and brothers, stressing that his country is grateful to China for its long-term and strong support for Cuban socio-economic development.

    According to the President, Cuba strictly adheres to the one-China principle and is ready to strengthen mutually beneficial cooperation with China, enhance friendly exchanges between the peoples, intensify coordination and cooperation in international and regional affairs, deepen the construction of a community with a shared future, and promote further progress in bilateral relations.

    Cuba supports the three major global initiatives put forward by China and hopes to work together with China to resist unilateralism and protectionism, defending the common interests of the international community, added M. Diaz-Canel. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China Will Always Firmly Support Venezuela in Safeguarding Sovereignty, National Dignity, and Social Stability: Xi Jinping

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 (Xinhua) — China and Venezuela are reliable partners who trust each other and develop together. China will always firmly support Venezuela in safeguarding its sovereignty, national dignity and social stability, Chinese President Xi Jinping said in Moscow on Friday.

    Xi Jinping made the statement during a meeting with Venezuelan President Nicolas Maduro on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    Pointing out that amid the changing international situation, China and Venezuela have established an unbreakable friendship, Xi Jinping said that since the two countries upgraded their bilateral relations to an all-weather strategic partnership in 2023, they have enjoyed lively exchanges in all fields and at all levels, bilateral trade has steadily expanded, new progress has been made in investment cooperation and cultural and people-to-people exchanges, and the China-Venezuela friendship has been deeply rooted in the hearts of the two peoples.

    Xi Jinping noted that China always views and develops relations with Venezuela from a strategic height and a long-term perspective, and is committed to expanding exchanges of experience in governance, steadily deepening practical cooperation in various fields, and continuously elevating bilateral ties to new heights so as to bring greater benefits to the peoples of both countries.

    China hopes to work with Venezuela and other Latin American countries to firmly uphold the international system with the UN at its core and the international order based on international law, and promote sustainable and long-term progress in building a community with a shared future for China and Latin American and Caribbean countries, the Chinese president added.

    N. Maduro, for his part, noted that China is a great friend of Venezuela and expressed gratitude for the constant and selfless support that the PRC provides to his country in defending national sovereignty and socio-economic development.

    Venezuela hopes to strengthen its all-weather strategic partnership with China and deepen cooperation in areas such as trade, energy, agriculture, science, technology and education to achieve new tangible results and bring greater benefits to the peoples of the two countries, the president said.

    Noting that Xi Jinping’s concept of building a community with a shared future for mankind opens up bright prospects for peace and development throughout the world, N. Maduro stressed that Venezuela is ready to strengthen coordination and cooperation with China to consistently pursue multilateralism, uphold international fairness and justice, and protect the common interests of the international community. –0–

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  • MIL-OSI Russia: Xi Jinping Calls for Advancing Construction of Chinese-Serbian Community of Shared Future

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 /Xinhua/ — China and Serbia should develop unbreakable friendship, strengthen mutually beneficial cooperation and advance the high-quality construction of a China-Serbia community with a shared future, Chinese President Xi Jinping said on Friday.

    Xi Jinping made the statement during a meeting with Serbian President Aleksandar Vucic on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    Recalling his successful state visit to Serbia last May, Xi Jinping noted that over the past year, the construction of a Chinese-Serbian community with a shared future in the new era has made a good start and brought results that are obvious to all.

    As the world undergoes accelerated changes unseen in a century and numerous risks and challenges pile up, China and Serbia must maintain strategic resolve and focus on doing their own affairs well, Xi said.

    China, the PRC Chairman continued, is ready to deepen strategic communication with Serbia, strengthen mutual support, enhance trade and investment cooperation, continue to support the construction and operation of relevant projects, fully utilize their demonstration effect and achieve new results that bring mutual benefit and common gain.

    Xi Jinping stressed that 80 years ago, the peoples of China and Serbia made important contributions to the victory in the World Anti-Fascist War in the Asian and European theatres of war, respectively.

    China hopes to work with all countries in the world, including Serbia, to confront challenges through unity and cooperation, jointly uphold world peace, international fairness and justice, safeguard the achievements of economic globalization, and promote the building of a community with a shared future for mankind, the Chinese leader added.

    A. Vučić, for his part, noted that China is Serbia’s most valuable friend, which constantly offers its selfless support and assistance to help Serbia develop its economy and improve the well-being of its people.

    Serbia firmly adheres to the one-China principle and consistently proceeds from the fact that Taiwan is an integral part of Chinese territory, the president assured.

    Serbia is ready to expand trade and economic exchanges with China, A. Vucic continued, stating that his country invites even more Chinese enterprises to invest and establish business in Serbia and will create a favorable business environment for them.

    The President expressed hope that China will take an active part in the specialized exhibition EXPO-2027 in Belgrade.

    A. Vucic praised China’s continued support for multilateralism, noting that China’s ideas and actions strengthen the courage and confidence of the international community in protecting common interests.

    Serbia expects to work together with China to counter the challenges of unilateralism and protectionism, A. Vucic added. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Premier of the State Council of the People’s Republic of China holds an executive meeting of the State Council

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — Chinese Premier Li Qiang on Friday chaired an executive meeting of the State Council to study and implement the guiding spirit of the important speech delivered by Xi Jinping, general secretary of the Communist Party of China Central Committee, at the meeting on China’s economic and social development during the implementation of the 15th Five-Year Plan (2026-2030).

    The State Council meeting also heard a report on improving the quality and efficiency of pilot free trade zones, studied measures to deepen reforms and innovations in national-level economic and technological development zones, reviewed and approved a draft regulation on the joint use of government data, discussed a national plan for the deployment of a water transport safety and rescue control system for 2025-2035, and gave orders to improve industrial safety.

    The meeting participants emphasized the importance of rationally defining goals and objectives in various areas for the 15th Five-Year Plan period.

    The need to ensure that pilot free trade zones comply with high standards of international trade and economic rules and to continue promoting institutional innovation was noted.

    The meeting called for deepening reforms and innovations in national-level economic and technological development zones and promoting deep reforms and high-quality development of the country through high-level external openness.

    Participants pointed out the need to establish a national integrated government big data system, promote the integrated application of information resources, enhance social governance capabilities and develop industrial ecosystem, so as to inject new impetus into economic development.

    The meeting also noted the need to accelerate the creation of a modern water transport safety and rescue control system, strengthen coordination and interaction between relevant departments and local authorities, intensify innovation in the field of basic equipment and key technologies, create conditions for attracting public capital to participate in large-scale engineering control and rescue projects, providing reliable support for building a powerful transport power.

    In addition, participants emphasized the need to carefully identify risks and hidden dangers and resolutely prevent major accidents at work. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Moscow hosts parade dedicated to 80th anniversary of Victory in Great Patriotic War

    Translation. Region: Russian Federal

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

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

    Moscow, May 9 (Xinhua) — A grand military parade was held on Moscow’s Red Square on May 9 to mark the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War. Russian President Vladimir Putin spoke in his speech about the need to remember the lessons of World War II, not to allow history to be distorted, and to remember all those who gave their lives for the Victory.

    More than 11,500 servicemen and over 180 units of equipment took part in the Victory Parade. Leaders from over 20 countries were present. Representatives of all strata of Russian society and veterans from various countries who participated in the war against fascism were on the podium.

    “Today, we are all united by feelings of joy and sorrow, pride and gratitude, admiration for the generation that crushed Nazism and, at the cost of millions of lives, won freedom and peace for all of humanity,” said V. Putin.

    “We remember the lessons of World War II and will never agree with the distortion of its events, with attempts to justify the executioners and slander the true victors,” the Russian leader emphasized.

    In memory of the fallen, the Russian President declared a minute of silence.

    V. Putin noted that the complete defeat of Nazi Germany, militaristic Japan and their satellites was achieved through the joint efforts of the countries of the anti-Hitler coalition.

    “We will always remember that the opening of the second front in Europe – after the decisive battles on the territory of the Soviet Union – brought Victory closer. We highly value the contribution to our common struggle of the soldiers of the allied armies, the participants of the Resistance, the courageous people of China. All those who fought for a peaceful future,” added the head of the Russian state. “Glory to the victorious people!”

    Servicemen from the Ministry of Defense and other law enforcement agencies of the Russian Federation – the Federal Security Service, the Ministry of Emergency Situations, the Russian National Guard, cadets from military schools and academies of the Russian army and navy, and members of the youth patriotic organization Yunarmiya marched in a ceremonial march across Red Square.

    This was followed by parade units from friendly states: China, Belarus, Kazakhstan, Egypt, Vietnam and other countries.

    The mechanized column consisted of 183 units of combat equipment from the Great Patriotic War and modern models in service with the Russian army: T-90M Proryv, T-72B3M and T-80BVM tanks, BMP-2M and BMP-3 infantry fighting vehicles, BMD-4 airborne combat vehicles, BRM-1K combat reconnaissance vehicles, BTR-82A armored personnel carriers, Tigr-M armored vehicles, transport vehicles, S-400 anti-aircraft missile systems, Iskander-M missile systems, Yars strategic missile systems, Orlan-10, Orlan-30, Lancet-51, Lancet-52, and Geran unmanned aerial vehicles.

    For the first time, modern models of the Tornado-S multiple launch rocket systems, the Tosochka heavy flamethrower systems, and the Malva and Giatsint-K artillery systems took part in the parade.

    The parade was completed by pilots of the aerobatic teams “Russian Knights” and “Swifts” on Su-30 and MiG-29 fighters. Six Su-25 attack aircraft closed the parade formation.

    After the parade, Russian and foreign leaders laid flowers at the Tomb of the Unknown Soldier near the Kremlin Wall.

    In addition to Moscow, military parades dedicated to the 80th anniversary of Victory were held in 27 other Russian cities, including St. Petersburg, Volgograd, Yekaterinburg, Khabarovsk and Vladivostok. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Mauritania: IMF Reaches Staff-Level Agreement on Fourth Review of Extended Fund and Extended Credit Facilities and the Third Review of Resilience and Sustainability Facility

    Source: IMF – News in Russian

    May 9, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Mauritanian authorities and IMF staff have reached staff-level agreement on the Fourth Review of Mauritania’s economic program under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF), and the Third Review of the Resilience and Sustainability Facility (RSF).
    • Economic activity was stronger than expected in 2024, and is projected to decelerate slightly in 2025, reflecting a contraction in the extractive sector.
    • Pursuing the authorities’ rule-based fiscal policy and exchange rate flexibility will help support the economy’s resilience amid heightened global uncertainty; and executing the national governance action plan, in line with best practices, will foster the role of the private sector in the economy.

    Washington, DC: An International Monetary Fund (IMF) team, led by Felix Fischer, visited Nouakchott and Nouadhibou during April 28– May 9, 2025 to hold discussions on the Fourth Review of Mauritania’s economic program under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF), and the Third Review of the RSF arrangement. At the end of the mission, Mr. Fischer issued the following statement:

    “The Mauritanian authorities and IMF staff have reached a staff level agreement on policies to complete the Fourth Review of Mauritania’s 42-month blended EFF/ECF-supported program and the Third review of the RSF. Subject to approval by the IMF Executive Board, Mauritania will receive a disbursement of SDR 6.4 million (about $ 8.6 million) under the ECF and EFF arrangements and SDR 14.86 million (about $ 20.1 million) under the RSF arrangement, bringing the total disbursement under the EFF/ECF and the RST to SDR 111 million (about $ 148.4 million).

    “Economic activity was stronger than expected, with a growth rate of 5.2 percent in 2024, higher than the initial projection of 4.6 percent. Economic growth rate in 2025 is projected to decelerate to 4.0 percent, due to a contraction in the extractive sector. The medium-term outlook remains broadly positive assuming further reforms will be implemented to diversify the economy and lift non-extractive economic growth.

    “Performance under the program is broadly on track— all quantitative targets for end-December 2024 have been met. The fiscal adjustment was in line with the program targets due to higher tax revenue and spending restraint. The authorities’ commitment to a rule-based fiscal policy and exchange rate flexibility serves the country well in the context of heightened global uncertainty, and will help preserve macroeconomic stability and enhance resilience to shocks.

    “The authorities committed to maintain the non-extractive primary deficit at MRU 15.4 billion (3.4 percent of GDP) in 2025. Improved domestic revenue mobilization and better spending efficiency will help create fiscal space to meet Mauritania’s significant development needs while preserving the medium-term budget credibility.

    “The IMF team welcomed the recent progress in structural reforms, including enacting the central bank and banking laws and the new investment code. They encouraged authorities to move swiftly to finalize the implementing decrees of the laws on SOEs, the investment code, and the free zone of Nouadhibou. Steadfast execution of the homegrown Governance Action Plan, including the laws on the declaration of assets and interests and the anti-corruption authority, in line with the best practices, will foster transparency and accountability and enhance the business climate.

    “The authorities continue to advance their climate agenda to strengthen Mauritania’s resilience to climate change. The parliament introduced the climate contribution and adopted regulations allowing access of private energy producers to power transmission infrastructure. The mission discussed next steps towards introducing the automatic fuel price mechanism and stressed the importance of scaling up well-targeted compensatory measures to mitigate the effects on the vulnerable households.

    “The team met with His Excellency President Mohamed Ould Ghazouani, President of the National Assembly Mohamed Ould Megett, Prime Minister Mokhtar Ould Diay, Governor of the Central Bank Mohamed Lamine Ould Dhehby, Minister of Economy and Finance Sid’Ahmed Bouh, Minister of Justice Mohamed Boya, Minister of Energy and Oil Mohamed Ould Khaled, Minister of Mining and Industry Thiam Tidjani, Minister of Hydraulics and Sanitation Amal Mint Mouloud, Minister Delegate in charge of the Budget Codioro Moussa N’guénore, other senior government officials, the civil society, the banking association and other representatives of the private sector, and the donor community.

    “The IMF team would like to thank the Mauritanian authorities and various stakeholders for the excellent hospitality and cooperation and candid discussions during the mission.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/09/pr-25138-mauritania-imf-reaches-agreement-4th-rev-of-ef-and-ecf-and-3rd-rev-of-rsf

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  • MIL-OSI Russia: Chairman of NPC Standing Committee calls for effective legislative work to promote high-quality development

    Translation. Region: Russian Federal

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

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

    FUZHOU, May 9 (Xinhua) — Zhao Leji, chairman of the Standing Committee of the National People’s Congress (NPC), has called on local people’s congresses (NPCs) to fulfill their duties in accordance with the law and make contributions to advancing the country’s high-quality development.

    Zhao Leji, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of Fujian Province in eastern China from May 7 to 9.

    During the visit, the Chairman of the Standing Committee of the NPC talked with local deputies and representatives of the masses, hearing their opinions and suggestions regarding improving the work of the NPC and promoting legal construction.

    He stressed the important role of the People’s Congresses in ensuring the comprehensive and effective implementation of the Constitution and laws of the PRC, their leading role in legislative work and their significant role in exercising oversight functions within the system of party and state supervision.

    Zhao Leji, who led the NPC Standing Committee’s oversight group, also inspected the implementation of the Forestry Code of the People’s Republic of China in Fujian Province.

    He called for strengthening the protection and cultivation of forest resources, promoting forestry reform and development with a firm foundation on the rule of law, and ensuring the practical implementation of the provisions of the Forest Code on forest management and use. –0–

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  • MIL-OSI Russia: Breaking News: China Expects to Face Challenges Together with Other Countries, Uphold International Fairness and Justice – Xi Jinping

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: Xi Jinping, China expects together, Chairman of the People’s Republic of China, other countries, honesty, justice, defend, challenges, urgently, progressive development of China, during the meeting, promoting positive, in the field of celebrations, Chinese leader, European relations, anniversary of the victory

    Moscow, May 9 (Xinhua) — China hopes to work with Slovakia and other countries to address challenges through unity and cooperation and uphold international fairness and justice, Chinese President Xi Jinping said on Friday.

    The Chinese leader expressed hope that Slovakia will play an active role in promoting the positive and progressive development of China-EU relations.

    Xi Jinping made the relevant statements during a meeting with Slovakian Prime Minister Robert Fico on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War. –0–

    Source: Xinhua

    Breaking News: China hopes to work with other countries to confront challenges, uphold international fairness and justice — Xi Jinping Breaking News: China hopes to work with other countries to confront challenges, uphold international fairness and justice — Xi Jinping

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  • MIL-OSI Russia: IMF Executive Board Completes First Review of the Extended Fund Facility Arrangement with Pakistan and Approves the Request for an Arrangement under the Resilience and Sustainability Facility

    Source: IMF – News in Russian

    May 9, 2025

    • The IMF Executive Board completed the first review under the Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw the equivalent of about $1 billion. The authorities have demonstrated strong program implementation, which has contributed to improving financing and external conditions, and a continuing economic recovery.
    • Moving forward, policy priorities will include advancing reforms to strengthen competition, raise productivity and competitiveness, reform SOEs, improve public service provision and energy sector viability, and build climate resilience.
    • The Executive Board also approved the authorities request for an arrangement under the Resilience and Sustainability Facility (RSF), which will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters, with access of around $1.4 billion.

    Washington, DC: Today, the Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic reform program supported by the EFF Arrangement. This decision allows for an immediate disbursement of around $1 billion (SDR 760 million), bringing total disbursements under the arrangement to about $2.1 billion (SDR 1.52 billion). In addition, the IMF Executive Board approved the authorities’ request for an arrangement under the Resilience and Sustainability Facility (RSF), with access of about US$1.4 billion (SDR 1 billion).

    Pakistan’s 37-month EFF was approved on September 25, 2024, and aims to build resilience and enable sustainable growth. Key priorities include (i) entrenching macroeconomic sustainability through consistent implementation of sound macro policies, including rebuilding international reserve buffers and broadening of the tax base; (ii) advancing reforms to strengthen competition and raise productivity and competitiveness; (iii) reforming SOEs and improving public service provision and energy sector viability; and (iv) building climate resilience.

    Pakistan’s policy efforts under the EFF have already delivered significant progress in stabilizing the economy and rebuilding confidence, amidst a challenging global environment. Fiscal performance has been strong, with a primary surplus of 2.0 percent of GDP achieved in the first half of FY25, keeping Pakistan on track to meet the end-FY25 target of 2.1 percent of GDP. Inflation fell to a historic low of 0.3 percent in April, and progress on disinflation and steadier domestic and external conditions, have allowed the State Bank of Pakistan to cut the policy rate by a total of 1100 bps since June 2025. Gross reserves stood at $10.3 billion at end-April, up from $9.4 billion in August 2024, and are projected to reach $13.9 billion by end-June 2025 and continue to be rebuilt over the medium term.

    The RSF will support the authorities’ efforts to reduce vulnerabilities to natural disasters and to build economic and climate resilience. The authorities’ program: (i) prioritizes resilience to natural disasters and strengthen public investment processes at all levels of government; (ii) makes the use of scarce water resources more efficient, including through better pricing; (iii) strengthens coordination of natural disaster response and financing between federal and provincial governments; (iv) improves the information architecture, for and disclosure of, climate-related risks by banks and corporates; and (v) supports Pakistan’s efforts to meet its mitigation commitments and reduce related macro-critical risks.

    Following the Executive Board discussion, Nigel Clarke, Deputy Managing Director and Chair, made the following statement:

    “Pakistan has made important progress in restoring macroeconomic stability despite a challenging environment. Since the approval of the Extended Fund Facility, the economy continues to recover, with inflation sharply lower and external buffers notably stronger. Risks to the outlook remain elevated, however, particularly from global economic policy uncertainty, rising geopolitical tensions, and persistent domestic vulnerabilities. Against this backdrop, the authorities need to maintain sound macroeconomic policies and accelerate reforms to safeguard the macroeconomic gains and underpin stronger and sustainable, private sector-led medium-term growth.

    “The steadfast implementation of the FY2025 budget and the passage of key fiscal reforms, notably the Agricultural Income Tax, underpin the process of rebuilding policy making credibility. Continuing to mobilize greater revenue from undertaxed sectors and the noncompliant will make the tax system more equitable and efficient. This, combined with federal and provincial spending discipline, will strengthen sustainability, build resilience, and reduce the public sector’s crowding out of private credit.

    “Timely implementation of power tariff adjustments has helped reduce the stock and flow of circular debt. Meanwhile, cost-side reforms are showing early signs of success but need to be accelerated to safeguard the energy sector’s viability and improve Pakistan’s competitiveness.

    “The State Bank of Pakistan’s (SBP) tight monetary policy stance has been pivotal in reducing inflation to historic lows. Monetary policy should remain appropriately tight and data-dependent to ensure inflation is anchored within the SBP’s target range. A more flexible exchange rate will facilitate the adjustment to external and domestic shocks, aiding the rebuilding of reserves. Prompt action to address undercapitalized financial institutions and vigilance over the financial sector are necessary for financial stability. Strengthening of AML/CFT frameworks is also needed.

    “Accelerating structural reforms will unlock Pakistan’s competitiveness, creating conditions to attract high-impact private investment. Reform priorities include reducing trade and investment barriers, advancing SOE reforms, and decisively strengthening governance and anti-corruption institutions.

    “Reducing Pakistan’s vulnerability to extreme weather events will enhance macroeconomic stability and fiscal sustainability. The reforms under the Resilience and Sustainability Facility aim to build resilience to natural disasters by strengthening public investment processes, supporting efficient use of scarce water resources, strengthening coordination of natural disaster response and financing, improving the information on climate-related risks, and supporting Pakistan in meeting its international commitments.”

    Table 1. Pakistan: Selected Economic Indicators, FY2023–FY2025 1/

    Population: 236.0 million (2023/24)

    Per capita GDP: US$1,566.0 (2023/24)

    Quota: SDR 2,031 million

    Poverty rate: 21.9 percent

    Main exports: Textiles (US$16.3 billion, 2023/24)

    (national line; FY2019)

    Key export markets: European Union, United States, UAE

    FY2024

    FY2025

    FY2026

    Proj.

    Proj.

    Output and prices (% change)

    Real GDP at factor cost

    2.5

    2.6

    3.6

    Employment (%)

    Unemployment rate

    8.3

    8.0

    7.5

    Prices (%)

    Consumer prices, period average

    23.4

    5.1

    7.7

    Consumer prices, end of period

    12.6

    6.5

    6.6

    General government finances (% GDP)

    Revenue and grants

    12.6

    15.9

    15.2

    Expenditure

    19.4

    21.6

    20.3

    Budget balance, including grants

    -6.8

    -5.6

    -5.1

    Budget balance, excluding grants

    -6.8

    -5.7

    -5.1

    Primary balance, excluding grants

    0.9

    2.1

    1.6

    Underlying primary balance (excluding grants) 2/

    0.9

    1.0

    1.6

    Total general government debt excl. IMF obligations

    67.9

    71.2

    69.2

    External general government debt

    22.7

    24.0

    22.2

    Domestic general government debt

    45.2

    47.3

    47.0

    General government debt incl. IMF obligations

    70.1

    73.6

    71.9

    General government and government guaranteed debt incl. IMF

    74.1

    77.6

    75.6

    Monetary and credit (% change, unless otherwise indicated)

    Broad money

    16.0

    11.0

    14.6

    Private credit

    6.0

    11.0

    17.5

    Six-month treasury bill rate (%) 3/

    21.5

    Balance of Payments (% GDP, unless otherwise indicated)

    Current account balance

    -0.5

    -0.1

    -0.4

    Foreign direct investment

    0.6

    0.5

    0.6

    Gross reserves (millions of U.S. dollars) 4/

    9,390

    13,921

    17,682

    Months of next year’s imports of goods and services

    1.6

    2.3

    2.8

    Total external debt

    31.7

    33.1

    31.3

    Exchange rate (% change)

    Real effective exchange rate

    15.4

       Sources: Pakistani authorities; World Bank; and IMF staff estimates and projections.

       1/ Fiscal year ends June 30.

     

     

                 

       2/ Excludes one-off transactions, including asset sales. In FY25 it excludes the projected windfall from exceptionally high SBP dividends.

     

       3/ Period average.

                   

       4/ Excluding gold and foreign currency deposits of commercial banks held with the State Bank of Pakistan.

                   
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/09/pr-25137-pakistan-imf-completes-1st-rev-of-eff-arrang-and-approves-req-for-arrang-under-rsf

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  • MIL-OSI Russia: Cooperation between China and Central and Eastern Europe is developing steadily and opening up wide opportunities – Ministry of Commerce of the People’s Republic of China

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — Economic and trade relations between China and Central and Eastern European (CEE) countries are developing soundly and steadily, opening up great opportunities for further cooperation, China’s Ministry of Commerce said Friday.

    Since 2012, China’s trade with Central and Eastern European countries has grown by an average of 8.8 percent per year, while imports from these countries have grown by an average of 7.4 percent per year, outpacing the growth rate of China’s foreign trade over the same period, Deputy Minister of Commerce Yan Dong said at a departmental press conference.

    In 2024, trade volume between China and CEE countries increased by 6.3 percent year-on-year to reach a record high of $142.3 billion, according to the ministry.

    At the same time, both sides have also seen increasingly active investment activities, Yan Dong said, adding that Chinese investment in CEE countries has now exceeded US$24 billion.

    In recent years, a new bright spot has emerged in the investment cooperation between China and CEE countries: Chinese enterprises in the upstream and downstream sectors of the electric vehicle and traction battery production chains have increased their momentum in research and investment in CEE countries, he noted.

    He said that China’s efforts to comprehensively expand the country’s high-level opening up to the outside world and build various economic and trade platforms that provide a basis for both sides to carry out multi-faceted cooperation will open up important opportunities for cooperation between China and Central and Eastern Europe countries in the future.

    The strong trade and economic complementarity between China and the Central and Eastern European countries provides new space for cooperation in the industrial, trade in goods and trade in services sectors, Yan Dong added.

    The 4th China-CEEC Expo and China International Consumer Goods Fair will be held in Ningbo, east China’s Zhejiang Province, from May 22 to 25 this year. The event will be a major platform for showcasing branded products from CEEC countries, expanding imports from CEEC countries, and promoting mutual investment between China and these countries, the Ministry of Commerce said. -0-

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  • MIL-OSI Russia: Breaking: China supports Cuba in defending sovereignty, resisting foreign interference – Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Moscow, May 9 (Xinhua) — China firmly supports Cuba in defending its national sovereignty and opposing foreign interference and blockade, Chinese President Xi Jinping said in the Russian capital on Friday.

    Xi Jinping made the statement during a meeting with Cuban President Miguel Diaz-Canel on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    As the Chinese President noted, the Chinese side also supports Cuba’s efforts to promote socio-economic development. The two countries, as important members of the Global South, should strengthen coordination and cooperation within such structures as BRICS and the China-CELAC Forum (Community of Latin American and Caribbean States), oppose power politics and unilateral bullying, and uphold international fairness and justice, the Chinese leader stressed. -0-

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  • MIL-OSI Russia: Lightning: Slovakia’s Prime Minister has declared his readiness to adhere to multilateralism, uphold free trade rules, and protect the stability of global supply chains together with China

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords:

    Source: Xinhua

    Flash: Slovakian Prime Minister says he is ready to work with China to adhere to multilateralism, uphold free trade rules, and protect the stability of global supply chains Flash: Slovakian Prime Minister says he is ready to work with China to adhere to multilateralism, uphold free trade rules, and protect the stability of global supply chains

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  • MIL-OSI Russia: Breaking News: China Will Always Firmly Support Venezuela in Safeguarding Sovereignty, National Dignity, Social Stability: Xi Jinping

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: Xi Jinping, sovereignty protection, PRC Chairman, social stability, national dignity, support, China, Venezuela, urgently, during the meeting, jointly develop, in the field of celebrations, each other, anniversary of the victory, Venezuela are, Jinping

    Moscow, May 9 (Xinhua) — China and Venezuela are reliable partners who trust each other and develop together. China will always firmly support Venezuela in safeguarding its sovereignty, national dignity and social stability, Chinese President Xi Jinping said on Friday.

    Xi Jinping made the statement during a meeting with Venezuelan President Nicolas Maduro on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War. –0–

    Source: Xinhua

    Urgent: China will always firmly support Venezuela in safeguarding its sovereignty, national dignity and social stability: Xi Jinping Urgent: China will always firmly support Venezuela in safeguarding its sovereignty, national dignity and social stability: Xi Jinping

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  • MIL-OSI Russia: China’s Bond Market Launches ‘Science and Technology Platform’

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — The first batch of science and technology innovation bonds was issued in China on Friday, marking the opening of a “science and technology platform” in the Chinese bond market.

    The Beijing Financial Capital Exchange held a roadshow, attended by the first eight companies that issued scientific and technological innovation bonds on the interbank bond market.

    The “science and technology platform” is designed to help financial institutions, science and technology enterprises and direct equity investment institutions issue science and technology innovation bonds, Pan Gongsheng, director of the People’s Bank of China (PBOC, the central bank), said in March.

    According to a notice published by the Central Bank on May 7, such bonds include corporate bonds, enterprise bonds and debt financial instruments issued by non-financial enterprises.

    Issuers are encouraged to apply flexible bond servicing terms and issue bonds with longer maturities, which will better suit the characteristics and needs of the scientific and technological innovation sector when using equity funds.

    As Duan Dawei, Senior Vice President of iFLYTEK, noted, technology enterprises must remain committed to innovation, which requires long cycles, cost-effective solutions and a variety of financial instruments.

    According to him, a series of innovative solutions presented on the “scientific and technical platform” of the bond market flexibly combine with the financing needs of scientific and technical companies and expand the range of financial support instruments.

    According to preliminary estimates by the PBOC, nearly 100 market institutions are preparing to issue sci-tech innovation bonds worth over 300 billion yuan (about 41.7 billion U.S. dollars). More participants are expected to join the initiative in the future. –0–

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  • MIL-OSI Russia: China’s central bank to step up financial support to boost consumption

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — The People’s Bank of China (PBOC) will roll out a package of measures to improve financial services to boost consumer spending, the central bank said in a report on Friday.

    According to the PBOC’s monetary policy report for the first quarter of 2025, the bank will continue to consistently implement a moderately accommodative monetary policy while exploring the use of structural monetary policy tools. These measures aim to guide financial institutions to provide greater support to key consumption areas, including tourism, catering, entertainment and education.

    The report stressed that the PBOC will develop a comprehensive package of financial measures to stimulate consumption with an emphasis on supply-side support.

    Financial institutions will be encouraged to optimize credit products and services targeted at key consumer scenarios, priority strategies and key population groups.

    In addition, the NBC will provide support to auto finance companies and consumer credit companies in issuing financial bonds.

    Attention will also be paid to creating an efficient and convenient payment ecosystem, including improving the convenience of payments for overseas visitors to China. -0-

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  • MIL-OSI Russia: China’s current account surplus was $165.6 billion in the first quarter of 2025

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — China’s current account surplus stood at $165.6 billion in the first quarter of 2025, data released by the State Administration of Foreign Exchange (SAFE) showed Friday.

    During the reporting period, the positive balance of trade in goods amounted to USD 237.6 billion, and the deficit in trade in services amounted to USD 59.3 billion.

    In terms of special drawing rights (SDRs), China’s current account surplus in the first three months of this year reached SDR 126.2 billion.

    The SDR is an interest-bearing international reserve asset created by the International Monetary Fund to supplement other reserve assets of member countries. -0-

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  • MIL-OSI Russia: Beijing to Achieve Improved Air, Water Quality in 2024: Report

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — China’s capital made new progress in improving air and water quality last year, an official report showed Friday.

    According to the 2024 Beijing Environmental Report, the average concentration of fine particulate matter PM2.5, a key indicator of air pollution, was 30.5 micrograms per cubic meter, down 65.9 percent from 2013. The city recorded 290 days of excellent air quality and only two days of severe pollution.

    Beijing has also made significant progress in improving water quality. According to the document, 87.2 percent of sections of the capital’s five major river systems, with a total length of 2,551.6 kilometers, were assessed as having excellent water quality in 2024. This is an increase of 15.9 percentage points year-on-year and nearly 40 percentage points higher than in 2013.

    In addition, according to the report, Beijing’s environmental quality index was 71.4 last year, up 0.85 percent year-on-year. This shows that the city has seen a steady improvement in environmental quality. From 2020 to 2024, 7,121 biological species were documented in Beijing, including rare species such as the freshwater jellyfish Craspedacusta and the Oriental stork.

    “Beijing will continue to implement targeted, scientific and law-based anti-pollution measures,” said Liu Baoxian, deputy head of the city’s ecology and environment bureau, which compiled the report. He added that the capital will further coordinate environmental protection with high-quality development. –0–

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  • MIL-OSI Russia: Breaking: Xi Jinping Calls on China, Myanmar to Steadily Push Forward Key Projects of China-Myanmar Economic Corridor

    Translation. Region: Russian Federal

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

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

    Xinhua | 10. 05. 2025

    Keywords: Xi Jinping, Chairman of the People’s Republic of China, projects Chinese, China, implementation, promote, Myanmar, corridor, urgently, leader of Myanmar Min, field of celebrations, anniversary of victory, meeting time, Jinping, Hlaing, union

    Moscow, May 9 (Xinhua) — Chinese President Xi Jinping on Friday called on China and Myanmar to deepen strategic cooperation and steadily advance the implementation of key projects of the China-Myanmar Economic Corridor.

    Xi Jinping made the statement during a meeting with Myanmar leader Min Aung Hlaing on the sidelines of celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War. –0–

    Source: Xinhua

    Breaking News: Xi Jinping Calls on China, Myanmar to Steadily Push Forward Key Projects of China-Myanmar Economic Corridor Breaking News: Xi Jinping Calls on China, Myanmar to Steadily Push Forward Key Projects of China-Myanmar Economic Corridor

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  • MIL-OSI Russia: China expands financial support for elderly care and service consumption through new refinancing mechanism

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — The People’s Bank of China (PBOC, the central bank) announced on Friday the establishment of a refinancing mechanism for the service consumption and elderly care sectors, in a move to encourage financial institutions to step up support for these sectors.

    According to the PBOC, the refinancing quota is 500 billion yuan (about 69.35 billion US dollars), with an interest rate of 1.5 percent per annum and a term of one year.

    According to the Central Bank, this mechanism is available to 21 national-level financial institutions, including political banks and state-owned commercial banks, as well as five city commercial banks, including Bank of Beijing and Bank of Shanghai.

    The new refinancing mechanism will be in effect until the end of 2027. The PBC emphasized that it intends to encourage financial institutions to strengthen financial support for key areas of the service sector, such as the hotel and restaurant business, culture, sports and entertainment, education, and the elderly care industry. –0–

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  • MIL-OSI Russia: China Congratulates Cardinal R.F. Prevost on His Election as New Pope

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — China has congratulated Cardinal Robert Francis Prevost on his election as the new pope, Foreign Ministry spokesman Lin Jian said on Friday.

    The diplomat made the corresponding statement at a regular briefing, answering a question about the new head of the Vatican.

    Lin Jian noted that China hopes that under the leadership of the new pope, the Vatican will continue to engage in constructive dialogue with China, conduct in-depth communication on international issues of mutual interest, jointly promote the continuous improvement of China-Vatican relations, and contribute to world peace, stability, development and prosperity. –0–

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