भारतीय रोज़ नई ख़बरें – Page 19 – भारतीय रोज़ न्यूज़ भारत की सबसे अधिकारपूर्ण, समय पर और विश्वसनीय समाचार सलाहकार वेबसाइट है

Chinese Premier urges accelerated construction of resilient capital market, to boost sound development

stock market Photo:VCG

Chinese Premier Li Qiang on Monday called for accelerating the construction of a secure, regulated, transparent, open, dynamic and resilient capital market, so as to support the country’s effort to build itself into a financial powerhouse and pursue Chinese modernization.

Li made the remarks while chairing a study session of the State Council, the cabinet, that focused on further deepening capital market reforms and promoting the stable and sound development of the capital market, underscoring China’s intensifying efforts to boost the stock market.

The efforts, which include a slew of measures aimed at tackling risks, tightening regulations and improving the protection of investors, have helped lift the sentiment of investors and will ensure the stable and sound development of the capital market in the long run, analysts said.

At the study session on Monday, Li stressed the importance of the capital market in the country’s economic and social development and called for continuously deepening reforms in the securities market. Specifically, Li called for accelerating the improvement of the basic institutional system of the capital market, improving key systems such as listing, trading and delisting, and promoting a virtuous cycle of investment and financing and a dynamic balance of listing and delisting.

Also, efforts will be made to improve the quality of listed companies, improve and strengthen capital market supervision and increase punishment for violations of laws and regulations, and effectively strengthen the protection of the rights and interests of small and medium-sized investors and create an open, fair and just market environment, Li said.

Promoting the stable and healthy development of the capital market is an important manifestation of economic development and governance capability, Li stressed.

The study session further underscored increasing efforts to boost China’s capital market. On April 12, the State Council released a sweeping guideline to strengthen regulation, forestall risks and promote the high-quality development of the stock market. Widely known as the State Council Nine-Point Guideline, the document, only the third of its kind, mapped out plans to boost the capital market through 2035.

Cao Heping, an economist at Peking University, said that following the release of the guideline, concrete actions are needed to implement it and the study sessions are likely focused on the progress of the implementation of the guideline.

“It is crucial to evaluate the implementation process and continue to make necessary adjustments so as to promote the sound development of the capital market,” Cao told the Global Times on Monday.

Following the release of the guideline, Chinese securities regulators and stock exchanges also issued multiple notices related to regulations in various areas such as listing applications, delisting of unqualified companies and high-frequency trading.

Also on Monday, in an article published in the People’s Daily, the Party committee of the China Securities Regulatory Commission (CSRC) vowed to take concrete measures to boost the market, so as to support the development of the new quality productive forces, better protect investors, and improve mechanisms to monitor and tackle risks.

Cong Yi, a professor at the Tianjin University of Finance and Economics, said that China has in recent months drawn a clear direction for the sound development of the country’s stock market, which focuses on tackling existing issues such as speculation and illegal activities.

“In terms of the development room of the capital market, we actually have a very huge potential,” Cong told the Global Times on Monday, pointing to China’s massive savings and the need to guide more capital to help boost the real economy.

Israel ups pressure on Hamas as UNICEF decries child deaths in Gaza

Israeli Prime Minister Benjamin Netanyahu comes to a meeting in Jerusalem, Israel, April 17, 2024. /CFP

Israeli Prime Minister Benjamin Netanyahu on Sunday vowed to ramp up military pressure on Hamas, despite the United Nations Children’s Fund (UNICEF) warning last week that one child was being killed or injured every 10 minutes in the Gaza Strip.

“With one child killed or injured every 10 minutes (in Gaza), above anything else, we need a ceasefire. It is the only way to stop the killing and maiming of children,” UNICEF Communication Specialist Tess Ingram said during a press briefing in Geneva on April 16.

With no breakthrough yet in truce talks between Israel and Hamas, Netanyahu pledged to intensify the military crackdown in Hamas in a video address. “We will strike it with additional painful blows – and this will happen soon,” he said without elaborating on the time and place.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages and achieve our victory.”

The prime minister’s latest remarks came a day after U.S. lawmakers approved $13 billion in new military aid to Israel, even as global criticism mounts over the dire humanitarian crisis in the besieged Gaza Strip.

Smoke rises above buildings during Israeli bombardment in Rafah in the southern Gaza Strip, April 21, 2024. /CFP

Netanyahu also condemned an anticipated U.S. sanction against a unit of its army forces. “If anyone thinks they can impose sanctions on a unit in the IDF (Israel Defense Forces), I will fight it with all my might.”

The Biden administration is slated to announce sanctions against the IDF’s Netzah Yehuda battalion for alleged human rights abuses against Palestinians in the West Bank, which would be the first time the U.S. has ever taken such a step.

Israeli war cabinet minister Benny Gantz also urged U.S. Secretary of State Antony Blinken in a phone call to reconsider potential sanctions against an Israeli military unit, his office said on Sunday.

Gantz told Blinken that the move would harm Israel’s legitimacy in time of the ongoing Gaza conflict, asserting that “it has no justification because Israel has a strong and independent judicial system.”

Two U.S. officials familiar with the situation said the U.S. announcement could come as soon as Monday, AP reported.

The officials told AP that about five Israeli units were investigated and all but one had been found to have taken action to remedy the violations. The Leahy Law, named for former Senator Patrick Leahy, bars U.S. aid from going to foreign military units that have committed human rights abuses.

The U.S. review was launched before the Israel-Hamas conflict and not connected to recent Israeli actions inside Gaza or the West Bank.

The incidents that were the subject of allegations took place in the West Bank and mostly occurred before the Israel-Hamas conflict, the outlet said.

Before the Gaza conflict, violence had already been on the rise in the West Bank and it has risen since with frequent Israeli raids, Palestinian street attacks and settler rampages in Palestinian villages.

(With input from agencies)

China Shenzhou-18 manned mission ready for launch after full rehearsal

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China’s Shenzhou-18 crewed spacecraft is poised for take-off in the coming days, as the Jiuquan Satellite Launch Center conducted a full-system rehearsal on Sunday.

The Shenzhou-18 mission will be the 13th manned mission of China and the 18th overall flight of the Shenzhou program. It is expected to send three taikonauts, or Chinese astronauts, to the China Space Station for a six-month stay as is standard with Shenzhou missions.

The rehearsal was carried out according to the real launch procedure as the tower, rocket, spacecraft and other subsystems underwent functional checks, simulating the entire process from flight preparation and ignition to spacecraft separation.

The Shenzhou-18 taikonauts simulated the whole process of the mission, and after entering the spacecraft’s re-entry capsule, they began a joint inspection and test of the personnel, spacecraft, rocket and ground systems.

They completed all critical operations in the waiting and launch phases during the simulated rocket lift-off.

This rehearsal further verified the reliability and safety of each system.

The Astronaut Center of China says the Shenzhou-18 taikonauts are all in good condition. An engineer confirmed all systems are working normally ahead of the launch and next, the center will fill of fuel and oxidizer.

“We will enter the pre-launch inspection and launch procedures according to the scheduled launch window,” said Gao Minzhong who works at the center.

Exploring Huizhou’s traditional dwellings

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Huizhou’s traditional dwellings are the embodiment of profound Chinese aesthetics. Known for their simple and understated architectural style, these buildings, with their black-tiled roofs and white walls decorated with traditional wood and stone carvings, exude a rustic yet elegant beauty. The layout of the courtyards emphasizes the balance of Yin and Yang, drawing inspiration from the bagua theory in the Book of Changes.

42 Neolithic sites found in NE China

A total of 42 sites from the Hongshan culture, an important part of the Neolithic Age, were recently unearthed in Fuxin, northeast China’s Liaoning Province.

According to the Liaoning Provincial Institute of Cultural Relics and Archaeology, the 42 newly discovered sites are concentrated in the foothills or extended plateaus of the Nulu’erhu Mountain and the Yiwulv Mountain in Fuxin.

“The significant number of sites unearthed in the Fuxin area exhibit notable characteristics of clustering. These findings from the Hongshan culture display similarities with neighboring regions like Chaoyang City and Chifeng City, while also showing unique attributes,” said Zheng Junfu, a faculty member of the Archaeology and Museology School of Liaoning University.

Since initiating a new round of investigation into the relics of the Hongshan culture in the province in March last year, Liaoning has completed a survey of 4,900 square kilometers in the middle reach of the Daling River, the Xihe River basin and the main stem of the Liaohe River. This has resulted in the discovery of 129 new Hongshan culture sites.

Compared with previous field surveys, the new round of investigation has expanded beyond the Yiwulv Mountain to the Liaohe River basin, breaking the traditional notion that the eastern boundary of the Hongshan culture ends at the mountain.

This investigation has also led to a fresh understanding of early Hongshan culture settlements, productivity, the construction of ritual sites and the development of settlement forms.

The Hongshan culture is an important prehistoric archaeological culture dating back approximately 5,000 to 6,000 years. Its distribution covers western Liaoning Province, northern Hebei Province and eastern Inner Mongolia Autonomous Region. Among them, Liaoning is the core area of Hongshan culture distribution and the focal region for studying this culture.

(Cover: A jade dragon, a symbolic relic from China’s Hongshan culture of the Neolithic Age, on display at the National Museum of China. /CFP)

Source(s): Xinhua News Agency

Xie Feng: China to pursue Chinese modernization at home, forge community with a shared future for mankind internationally

Chinese Ambassador to the United States Xie Feng delivers a speech during the opening ceremony of the Harvard Kennedy School China Conference 2024, April 20, 2024. /Chinese Foreign Ministry

In a turbulent world, China chooses Chinese modernization at home and forge a community with a shared future for mankind internationally, Chinese Ambassador to the United States Xie Feng said on Saturday, calling the U.S. side to work with China and find a right way to get along in the new era, based on the principles of mutual respect, peaceful coexistence and win-win cooperation.

Xie made the remarks while delivering a speech titled “Chinese Modernization, a Community with a Shared Future for Mankind and China-U.S. Relations” during the opening ceremony of the Harvard Kennedy School China Conference 2024.

“The world is again at a crossroads. All countries are in the same boat. Amidst the raging torrents, we need to pull together, not pull apart. China’s choice is clear and firm: At home, we will focus on achieving Chinese modernization. Internationally, we will forge a community with a shared future for mankind,” Xie said.

He said a peaceful international environment is necessary for pursuing both Chinese modernization and building a community with a shared future for mankind, adding that a stable China-U.S. relationship is vital.

“At present, we are facing grave challenges in China-U.S. relations. Whether the younger generation can continue to enjoy the eight-decade-long peace and development as their parents did largely depends on whether China and the United States can find a right way to get along in the new era,” Xie said.

China is ready to make joint efforts with the U.S. side, live up to our mission, show good faith and sincerity and take concrete actions to implement the important consensus reached between the two heads of state and turn the “San Francisco vision” into reality, and steer the relationship forward along the track of sound, stable and sustainable development, he added.

Xie outlined five key points for boosting the China-U.S. relationship. He said the two sides should jointly develop the right perception of each other, manage disagreements effectively, advance mutually beneficial cooperation, shoulder responsibilities as major countries and promote people-to-people exchanges.

China-U.S. relations cannot go back to the old days, but the two countries can jointly usher in a brighter future for the relationship, Xie said, noting that the hope lies in the youth, who are known for vitality, creativity, and the will to act.

The ambassador encouraged American youth to travel the expanse of China with their own feet and see the true, dynamic and panoramic China; to put their heads together and contribute wisdom to how our two countries can get along well on this planet; and to spring into action and promote exchanges and cooperation between China and the United States to create a future of lasting peace and prosperity for all.

The theme of the conference this year is “Rebuilding Trust in Turbulent Times.” More than 300 people attended the conference, including representatives of the political, business and academic communities from both countries, faculty members and students of Harvard University and Chinese students in the United States.

We Talk: Poetry knows no borders, it belongs to all humanity

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Chinese poet Yu Xiuhua shared her poems at a special event themed “Writing in the Clouds, Living in the Earth” at the British Library in London on April 19. The event featured some of Yu’s representative works, and previewed excerpts from the upcoming dance-theatre production “Ten Thousand Tons of Moonlight” adopted from her poetry. Yu told CGTN that poetry brings people closer together and fosters friendships between the Chinese and British people. Local audience members said Yu’s work gives Western people insight into contemporary China where “great stories with extraordinary people” take place.

The world is young domestic firms’ oyster

A view of the booth of Huawei at the 2024 Mobile World Congress Barcelona in Spain earlier this year. GAO JING/XINHUA

In 2014, a group of experts in smart manufacturing, each of them boasting around 15 years of work experience, gathered in a three-bedroom apartment in Beijing and decided to start up with Beijing Roborock Technology Co Ltd. What was extraordinary was their clear and simple ambition: to develop the world’s best robotic vacuum cleaner.

Ten years on, their dream has come true. Roborock is a leading player in its sector and, in terms of global sales in 2023, the top-selling brand among smart vacuum cleaners worldwide, according to Euromonitor International, a market research firm.

Its products are available in more than 170 countries and regions, with nearly half of its revenue coming from overseas markets.

Quan Gang, president of Roborock, summed up the success story.”From day one, our eyes were set on the global market. From the very beginning, we have sought to meet the demands of global users. Our product design, production and marketing efforts have been tailored to meet their demands from the outset.”

That helped the startup to remain flexible and nimble while preserving its unique technology. Corporate executives and experts said Roborock is the epitome of new-age Chinese enterprises that see the world as their oyster right from day one.

Such companies are quick to recognize that growing globally competitive brands in their respective segments is critical to success these days. They rely on both China’s manufacturing prowess and their own strengths in research and development.

What distinguishes them from the previous generation of globally known Chinese enterprises is their global vision and clarity on goals. While the previous lot went global only when they had grown big enough in the domestic market, the new bunch target the global market from the very beginning, experts said.

Huang Chenhong, president of German software and cloud giant SAP Greater China, who has witnessed the transformation of Chinese companies in their global expansion over the past three decades, said, “Despite challenges such as lackluster global demand and geopolitical uncertainties, Chinese companies have not slowed down their pace of going global.”

Data from China’s Ministry of Commerce prove his point. Chinese enterprises’ outbound direct investment grew 5.7 percent year-on-year last year to exceed 1.04 trillion yuan ($143.7 billion), highlighting their continued expansion overseas.

“I think globalization is now entering a new stage. Globalization today involves more Chinese companies expanding their business overseas,” Huang said. “We can see many enterprises, whether State-owned, private or even small and medium-sized enterprises, have 30 to 50 percent of their business overseas. Some companies are even born to serve overseas markets and have never considered doing business domestically.”

Chinese companies have attained a stage of technological innovation where they are starting to embody the spirit of multinational corporations.

“In the past, when we talked about MNCs, we thought of German or American companies. Today, Chinese companies come to mind naturally,” Huang said, adding that SAP has helped many Chinese companies such as Lenovo, BYD and Mindray navigate the international waters over the past three decades.

US Section 301 investigation targeting China’s maritime, logistics and shipbuilding industries ‘groundless’

China-US Photo: GT

The China Council for the Promotion of International Trade (CCPIT) on Sunday blasted the US Section 301 investigation into China’s maritime, logistics and shipbuilding industries, calling it groundless, and said it will organize industry companies to mount a legal defense to safeguard the legitimate rights and interests of Chinese companies.

Observers on Sunday slammed the Section 301 investigation, saying it is illegal and invalid, and China will take countermeasures. They stressed that the US trying to control every segment of the industrial chain is not beneficial to the country itself.

The Section 301 investigation is illegal, unilateral and invalid as it is not included in the WTO framework, He Weiwen, a senior fellow at the Center for China and Globalization, told the Global Times on Sunday.

He noted that WTO members have no right to determine if any other member violates regulations, and only the organization can make the ruling.

China’s maritime, logistics and shipbuilding sectors have actively conducted technological innovation and participated in free market competition based on market development needs, which significantly contributed to the development of global trade as well as the smooth and stable operation of global supply chains, a CCPIT spokesperson said in a statement posted on its official WeChat account.

Related US research showed that the predicament of the US maritime, logistics and shipbuilding sectors was mainly caused by a lack of market competitiveness, and it had nothing to do with China’s laws, policies and practices.

The CCPIT and the China Chamber of International Commerce, on behalf of China’s business community, urged the US to respect market rules and the principle of fair competition, immediately stop making the wrong moves, and return to the multilateral trade system based on market rules and principles.

The spokesperson said that CCPIT will organize industry companies to make a legal defense and attend the US hearings with upstream and downstream companies, so as to safeguard the legitimate rights and interests of Chinese companies.

The remarks came after the office of the US Trade Representative (USTR) announced on Wednesday that it is initiating an investigation of acts, policies and practices of China’s targeting the maritime, logistics and shipbuilding sectors for dominance after a petition filed with the USTR’s office by five US national labor unions.

The USTR alleged that China is using “unfair, non-market policies and practices” to dominate those sectors, according to a USTR press release.

The US Section 301 investigation is contrary to the normal laws of market competition, while negatively affecting global enterprises’ operations, Gao Lingyun, an expert at the Chinese Academy of Social Sciences, told the Global Times on Sunday.

Gao said that no country can have competitive advantages in all aspects of the industry chain. He said that the US making efforts to keep all links in the industrial and supply chains firmly in its own hands is not conducive for the country itself or for the global division of industry.

In addition to the CCPIT, Chinese authorities have already urged Washington to correct its wrongdoings while stopping the manipulation of issues related to China in the US presidential election year.

“According to the WTO ruling, the former US administration was wrong to impose additional steel and aluminum tariffs on certain WTO members and launch a Section 301 investigation and raise tariffs on China.

“Instead of correcting its mistake, the US chose to double down on it by threatening new tariff hikes and announcing a new Section 301 investigation,” Lin Jian, a Chinese Foreign Ministry spokesperson, said on Friday, urging the US to be prudent in its words and deeds, and stop manipulating issues related to China in the election year.

The Biden administration is reportedly pushing for tariffs to “triple” on Chinese steel and aluminum, as Washington is targeting Chinese industries under the guise of the “overcapacity” fallacy.

Regardless of what tags the US uses for its excuses, the so-called Section 301 investigation and other tools are just malicious attempts by the US to suppress China while dismissing WTO rules.

He Weiwen said that “overcapacity” is also a problem related to US competitiveness, and he stressed the importance for the two sides to conduct dialogue including the “overcapacity” issue, based on evidence.

Emotional Zhou makes F1 home debut

Chinese driver Zhou Guanyu bursts into tears after ending his maiden Chinese Grand Prix at the Shanghai International Circuit on April 21, 2024. Photo: VCG

Emotional Chinese Formula One driver Zhou Guanyu burst into tears after ending his maiden Chinese Grand Prix at the Shanghai International Circuit on Sunday with a 14th place finish.

The FIA, the sport’s governing body, gave Zhou an unprecedented but ceremonial position after the 56-lap race, putting Zhou’s parking position on the grid next to podium finishers Max Verstappen and Sergio Perez of Red Bull, and Lando Norris of McLaren.

“I was thinking about the difficulties and challenges that perhaps people couldn’t see behind the scenes or in front of their TVs, and I couldn’t imagine that one day there would be a Chinese driver standing on our Chinese track, and it’s me,” Zhou told reporters after finishing the race.

The previous time he said he cried was at the end of 2021, when his agent told him that he would be a F1 driver. He made his F1 debut in 2022, but had to wait for two more seasons to race at home.

F1 held its 1,000th race in Shanghai in 2019, when Zhou was a test driver for Renault. The hiatus lasted for four years due to COVID-19-related travel restrictions.

“I was very excited and enjoyed the whole weekend, including finally being able to release some pressure. I think I made some mistakes this weekend.There were some areas where I could have done better, but for a debut, I think I did my best and the crowd cheered for me,” Zhou, now 24, told reporters.

It was the F1 races held on this circuit that inspired Zhou to start his motor sport racing career.

Zhou’s Chinese motor racing predecessors include Cheng Congfu, Ho-pin Tung and Ma Qinghua, but none of them made it into the Sunday race.

“Apart from getting emotional, I can’t imagine Chinese fans have so much passion for Chinese racing or the enthusiasm for myself and for F1,” Zhou said.

“Considering my personal experiences in so many Chinese Grands Prix races, whether as a spectator or as a test driver, there has been no feeling quite like this one.”

Zhou also noted that Sunday’s performance on his home track was not his best.

“I definitely think I couldn’t unleash myself 100 percent because after all, I’ve never raced on this track before. I’ve only driven civilian cars, and perhaps many drivers on the grid are more familiar with it than me,” Zhou said.

“But we only had one practice session, and then went straight into the race, so it was very difficult to find my limits. Of course, there were mistakes, and there were areas where I could have done better. I believe that next year, or the year after, or the year after that, I will definitely be better than I am now.”

Looking ahead, Zhou aims to continue improving and competing for victories against midfield teams.

“My goal is to have more impressive performances, whether in qualifying or the race, to win as much as possible against midfield teams, and to strive for more points,” he said.

The three race days at the Shanghai International Circuit attracted a total of over 200,000 fans, local organizers said. Experts say Zhou’s debut at home is sure to be a big impetus to attract even more fans to the sport.

Zhou and his Sauber F1 team have yet to score any points this season, which has held five Grands Prix so far. His teammate Valtteri Bottas did not finish the race due to an engine problem.

The next F1 race will be held in Miami, the US on May 6, while the Chinese Grand Prix will return to China next year on March 23, 2025.