Chengdu Museum’s path to international cooperation

Chengdu Museum Photo: Screenshot from webiste

The Chengdu Museum Photo: Screenshot from webiste

 

The Chengdu Museum has joined hands with the Louvre Museum and the British Museum to explore future cooperation. On the eve of International Museum Day, Chengdu Museum launched in-depth cooperation discussions with these two world-class museums through online conferences.

The Chengdu Museum and the Louvre Museum discussed cooperation matters such as exhibition exchanges and talent training through an online meeting on the afternoon of May 14th. The Louvre Museum expressed its appreciation for the Chengdu Museum’s ability to attract large audiences and raised hopes of deepening the partnership through the introduction of high-quality exhibitions over the next five years. The initial plan is to promote a series of exhibitions that can reflect better times and people’s lives in France to Chengdu in 2026-2027.

The Louvre’s classic exhibitions will be actively introduced to the Chengdu Museum in the next three years, providing Chengdu citizens with the opportunity to experience the cultural charm of romantic France at their doorstep.

The following day, an online meeting between the Chengdu Museum and the British Museum was also successfully held. During the meeting, the two parties had a detailed discussion on the themes and directions of future exhibitions. The British Museum recognizes the Chengdu Museum’s international exhibitions and exchange activities.

In the past few years, the Chengdu Museum has maintained close cooperation with top museums in France, the United Kingdom, and other places. The Chengdu Museum said it will continue to play its role as a bridge for cultural exchanges, committed to introducing more high-quality exhibitions, promoting cultural exchanges, and contributing to Chengdu’s creation of a world-famous cultural city.

China’s growing policy support lifts expectations for real estate sector

real estate Photo:Xinhua

real estate Photo:Xinhua

Market expectations for China’s real estate industry have significantly improved, with the shares of major developers skyrocketing on Thursday, as Chinese cities step up policy efforts to reduce inventory levels and boost market activity, including plans by some cities to purchase unsold homes to be used in affordable housing programs.

Coming after a top meeting at the end of April, the growing list of policy measures adopted by various localities will help tackle challenges in the housing market, including developers’ financing problems and disruptions in delivering homes, and inject much-needed vitality into one of the crucial sectors of the Chinese economy, experts said. 

In a remarkable turn of events, share prices of major Chinese real estate developers, which had been in an extended slump, skyrocketed on Thursday. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, surged by nearly 5 percent on Thursday. Sino-Ocean Group Holding’s shares jumped by more than 46 percent, while those of CIFI Holdings (Group) Co gained nearly 29 percent. 

The gains followed multiple news reports of major policy moves to revitalize the real estate sector. Notably, a Bloomberg report on Wednesday said that Chinese policymakers were mulling a proposal to have local governments buy millions of unsold homes, “in what would be one of its most ambitious attempts yet” to clear excess housing inventory. 

While there was no official confirmation of the Bloomberg report as of press time on Thursday, announcements of similar plans made by some localities this week drew widespread attention.

On Tuesday, the Housing and Urban-Rural Development Bureau of Lin’an district in Hangzhou, East China’s Zhejiang Province announced that it would buy housing units totaling no more than 10,000 square meters and turn them into public rental housing.

 

While the announcement by Lin’an drew great attention, there have been similar plans in other parts of China. In April, a district in the city of Shaoxing, also in Zhejiang, made a similar announcement. Other cities implemented similar moves as early as 2022, according to news outlet thepaper.cn.

Yan Yuejin, research director at Shanghai-based E-house China R&D Institute, said that while there have been various trials in different places where local governments purchased unsold homes to use them in affordable housing programs, the move by Lin’an carries extra significance, not least the timing of the announcement. 

“The Political Bureau meeting stressed the reduction of inventory… and this is implementing the spirit of the meeting. In this perspective, this is a very important policy shift,” Yan told the Global Times on Thursday, noting that the move could send a very strong policy signal and provide strong confidence for localities to reduce inventory levels.

A meeting of the Political Bureau of Communist Party of China Central Committee on April 30 demanded research on policies to reduce housing inventory levels and improve the quality of newly added housing, noting that efforts should be pursued to establish a new model of the real estate sector to promote its high-quality development.

Chinese localities have moved swiftly to reduce inventory levels, with a growing list of measures, including lifting long-existing restrictions on home purchases in some major cities such as Hangzhou and Xi’an in Northwest China’s Shaanxi Province.

Many cities also announced trade-in programs to encourage homeowners to trade their old homes for new ones, in an effort to boost sales. 

Yan said that the move in Lin’an could be followed by other cities, as it represents another major policy innovation in the real estate industry, after the trade-in promotions. “Such policies will have great effects and deserve special attention,” he said. 

Moreover, the combination of policies from different levels of government will help tackle challenges in the housing market and promote high-quality development in the industry, which will offer a huge boost for China’s overall economic recovery, experts said. 

“The purchase of commercial housing for public rental housing, in my view, could solve both funding problems and destocking problems. It is a logically better approach,” Song Ding, a research fellow at the China Development Institute, told the Global Times on Thursday. 

Song said that the plan would effectively help address huge debt pressures faced by developers, which in turn would ensure the delivery of homes to buyers and solve other related issues. 

“This approach will help resurrect an entire economic chain that has been stuck,” he said, adding that this will offer a huge boost for the economic recovery. 

Slovak police charge man with attempted murder of PM Fico: media

A man displays a newspaper article detailing the attack on Slovak Prime Minister Robert Fico outside the F. D. Roosevelt University Hospital in Banska Bystrica, Slovakia, May 16, 2024. /CFP

A man displays a newspaper article detailing the attack on Slovak Prime Minister Robert Fico outside the F. D. Roosevelt University Hospital in Banska Bystrica, Slovakia, May 16, 2024. /CFP

Slovak police have charged a man with attempted murder of Prime Minister Robert Fico, local media organization tvnoviny.sk reported on Thursday.

Fico was shot five times in an assassination attempt on Wednesday afternoon after attending a government meeting in the town of Handlova, some 150 km northeast of the capital Bratislava.

Deputy Prime Minister Robert Kalinak said doctors had managed to stabilize Fico’s condition overnight, and procedures were underway to secure further improvement.

“Unfortunately, the condition continues to be very serious due to the complicated nature of the wounds, but we all want to believe firmly that we will succeed in managing the situation,” he said.

The suspect, who was detained on the spot, is reported to be a 71-year-old man.

Slovak news media said the 71-year-old shooter was a former security guard at a shopping mall, an author of three collections of poetry, a member of the Slovak Society of Writers and a legal holder of a gun license.

(With input from agencies)

Self-sufficiency via technology: China-made petrochemical machines changing energy dynamics

A view of China National Petroleum Corporation (CNPC) Fushun Petrochemical Company, Fushun City, Liaoning Province, northeast China. /CGTN

A view of China National Petroleum Corporation (CNPC) Fushun Petrochemical Company, Fushun City, Liaoning Province, northeast China. /CGTN

China’s capabilities in ensuring energy security has constantly improved over the past decade, with the country’s energy self-sufficiency rate maintained at more than 80 percent. What role does self-developed technology play for the country’s energy security?

In one of China’s oldest oil refineries, the China National Petroleum Corporation (CNPC) Fushun Petrochemical Company, some of its equipment couldn’t stand the test of time. Located in Fushun City of northeast China’s Liaoning Province, the plants are fed with oil from China’s Daqing field and Russia’s Siberia. Its traditional products include paraffin, solvent oil and ethylene. And the new upgraded equipment brings a new line of business – jet fuel.

Lu Chuantao, the deputy manager of Refinery No. 3 in CNPC Fushun Petrochemical Company talks to CGTN reporter, Fushun City, northeastern China’s Liaoning Province. /CGTN

Lu Chuantao, the deputy manager of Refinery No. 3 in CNPC Fushun Petrochemical Company talks to CGTN reporter, Fushun City, northeastern China’s Liaoning Province. /CGTN

An illustration shows how the refineries convert crude oil into petroleum products for use as fuels for transportation, heating, paving roads, and as feedstock for making chemicals. /CGTN

An illustration shows how the refineries convert crude oil into petroleum products for use as fuels for transportation, heating, paving roads, and as feedstock for making chemicals. /CGTN

Staff on duty at CNPC Fushun Petrochemical Company in Fushun City, northeastern China’s Liaoning Province. /CGTN

Staff on duty at CNPC Fushun Petrochemical Company in Fushun City, northeastern China’s Liaoning Province. /CGTN

“A lot of equipment was replaced by domestically made ones… like hydrotreaters and deaerators. The purity of aviation fuel is of vital importance. It means better engine performance and lower wear and tear costs. We are confident about the potential of this new business division due to the post-pandemic air travel recovery,” Lu Chuantao, the deputy manager of Refinery No. 3 in CNPC Fushun Petrochemical Company told CGTN.

With a few inefficient, polluting, less valuable capacities still in place, the industry needs to upgrade and restructure for greener development. Refineries convert crude oil into petroleum products for use as fuels for transportation, heating, paving roads and as feedstock for making chemicals. In the world of refinery, hydrocrackers are particularly valuable in terms of maximizing production and reducing residual fuel oil.

A view of the world’s largest hydrocracker reactor developed by China First Heavy Industries Group. /CGTN

A view of the world’s largest hydrocracker reactor developed by China First Heavy Industries Group. /CGTN

The hydrocracker upgrades low-quality heavy gas oils into high-quality, clean-burning jet fuel, diesel and gasoline. /CGTN

The hydrocracker upgrades low-quality heavy gas oils into high-quality, clean-burning jet fuel, diesel and gasoline. /CGTN

The new reactor is capable of treating large amounts of distillate to obtain kerosene, naphtha and gasoline, hence increasing the efficiency for refinery operations. /CGTN

The new reactor is capable of treating large amounts of distillate to obtain kerosene, naphtha and gasoline, hence increasing the efficiency for refinery operations. /CGTN

In May, the largest hydrocracker reactor ever manufactured in the world was completed by China First Heavy Industries Group. The handover of the 3,000-tonne iron giant – the equivalent of 100 Boeing 737 – has broken many world records for forging, welding and delivery.

With a length exceeding 70 meters and a wall thickness of 320 millimeters, welding engineer Zhu Lin from China First Heavy Industries Group (Dalian) and his team has performed a consistent, precise and reliable weld throughout the entire operation.

Zhu told CGTN that “the reactor consists of three tubes, with each weighing over 1,000 tonnes. So, two welding teams have to carry out the work simultaneously. Every step and technique has to be identical as the three tubes are heated and rotated at exactly equal speeds – like a set of twins. Also, both teams have to ensure the detection and rectification of flaws before they become critical.”

Welding engineer Zhu Lin from China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

Welding engineer Zhu Lin from China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

Worker from China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

Worker from China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

In simple terms, the hydrocracker upgrades low-quality heavy gas oils into high-quality, clean-burning jet fuel, diesel and gasoline. The expansion of China’s refining sector accelerated for many years to meet its fast-growing domestic demand. Because of the size of the new reactor, it is capable of treating large amounts of distillate to obtain kerosene, naphtha and gasoline, hence increasing the efficiency for refinery operations.

For decades, China has relied heavily on foreign technologies to build the more sophisticated processing units that can convert the country’s heavy crude oils into various petrochemical products. The 3,000-tonne domestically built hydro cracker reactor helps reduce such reliance.

Zhang Lin, the deputy chief engineer from China First Heavy Industries Group (Dalian), talks with CGTN reporter, Dalian City, northeast China’s Liaoning Province. /CGTN

Zhang Lin, the deputy chief engineer from China First Heavy Industries Group (Dalian), talks with CGTN reporter, Dalian City, northeast China’s Liaoning Province. /CGTN

Workers on duty at hydrocracking reactor production line of China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

Workers on duty at hydrocracking reactor production line of China First Heavy Industries Group (Dalian), northeast China’s Liaoning Province. /CGTN

“Hydrocracking reactor design is a proprietary technology with each licensor having his own specific design based on operating experience, catalyst technology and engineering expertise. In addition, each reactor’s design is somewhat unique in the refining industry due to a combination of process requirements. The project has broken the longtime foreign monopoly on the manufacturing of high-end refinery equipment,” Zhang Lin, the deputy chief engineer from China First Heavy Industries Group (Dalian), told CGTN.

China is becoming more self-sufficient in energy supplies thanks to rising domestic oil and gas production in recent years. However, with more than 70 percent of its crude oil feedstock from overseas, experts say that refinery efficiency has played an integral role in China’s quest for energy security. No doubt, getting the most out of each barrel at a lower cost and with less emission requires more technological breakthroughs.

China slams alleged “overcapacity” as groundless

The alleged“overcapacity” in China’s new energy sector is “contrary to common sense” and completely groundless and untenable, He Yadong, a spokesperson for the Chinese Ministry of Commerce, said on Thursday.

Generally speaking, the global new energy industry is still in its initial stage of development and undergoing rapid growth. Instead of overcapacity, the production capacity of the industry is relatively insufficient, He said at a regular press conference.

He pointed out that the demand for new energy products will continue to expand even as green and low-carbon industries become mainstream alongside the global green transformation.

In line with international trade practices, the emergence and development of international trade means that countries would carry out division of labor and cooperation based on their comparative advantages, which can effectively improve the efficiency and well-being of the global economy, He said.

Talk to Sinologists: What makes a book a classic?

02:15

In the world of education and cultural promotion, the importance of teaching often goes hand in hand with the need for promotion. This rings especially true when the aim is to enlighten a broader audience about the core principles of Taoism. Just as crucial as imparting knowledge is the active dissemination of it, ensuring that the profound insights and wisdom of Taoist philosophy are widely accessible.

This balance between teaching and promotion is exemplified by the work of Misha Tadd, associate professor at Nankai University’s College of Philosophy and director of the Global Laozegetics Research Center. In his capacity, Tadd not only delves into the scholarly exploration of Taoist texts but also takes on the essential role of sharing these discoveries with a wider audience.

The term “Global Laozegetics” encapsulates the dual mission of the center, Tadd explained, highlighting its aim to adopt a worldwide perspective while also addressing tangible realities. Over time, Tadd has undertaken a global endeavor to gather all the diverse translations of the “Tao Te Ching” in various languages. This ancient text has undergone many translations and publications, with the count growing rapidly each year. Presently, there are over 2,052 translations available in 97 languages, making it one of the most translated books in history.

Tadd noted that what makes a classic is not just its age but its enduring relevance – each generation finds new value in these ancient words. For instance, the “Tao Te Ching” struck a chord with him as a 14-year-old American, and its resonance persists into the 20th century.

Furthermore, exploring these historical encounters, such as how renowned figures like Leo Tolstoy drew inspiration from the “Tao Te Ching,” unveils a vast and captivating topic. It highlights the universal allure of Taoist wisdom and its capacity to inspire and enlighten individuals across diverse cultures and eras.

(Cover image designed by Yu Peng; video edited by Qi Jianqiang)

A shared maritime future: China’s efforts in advancing marine ecology

03:14

Will a plastic bottle drifting in the sea become waste that endangers marine life, or will it become a recycled resource?

A Chinese environmental initiative named the Blue Circle has an answer to this question. Using blockchain technology and the Internet of Things (IoT), the initiative comprehensively monitors the entire life cycle of plastic pollution, encompassing collection, regeneration, re-manufacturing and re-sale.

Last October, the UN Environment Programme honored the initiative with the 2023 Champions of the Earth award for its innovative marine plastic treatment technology.

Based on the harmonious coexistence of humans and nature, China protects marine biodiversity, as well as develops and utilizes marine resources in an orderly manner.

A shared maritime future: China’s efforts in promoting marine economy

02:02

Promoting the development of the marine economy is essential to building a maritime community with a shared future.

Over the years, China has continuously strengthened the blue partnership and deepened practical maritime cooperation and sci-tech exchanges.

In the future, China will continue to build a platform for open cooperation and win-win sharing for coastal countries around the world and promote maritime connectivity and pragmatic cooperation for the development of the blue economy.

Kremlin on Shoigu’s New Post: This is High Government Post With Wide Range of Tasks

The position of Secretary of the Russian Security Council, to which former Defense Minister Sergei Shoigu has been appointed, is a high government post with a wide range of tasks and implies direct contacts with the head of state, Kremlin spokesman Dmitry Peskov said on Tuesday.

“This is a very high government post, with a very wide scope of tasks, and is of great importance for the entire country. Of course, the head of this body is constantly in direct contact with the head of state and bears great responsibility,” Peskov told reporters.

Russian President Vladimir Putin on Sunday proposed appointing Deputy Prime Minister Andrei Belousov as the minister of defense replacing Sergei Shoigu, who is now appointed the chief of Russia’s Security Council.