Podcasts about five year plan

Our Chief China Equity Strategist Laura Wang discusses how China's new approach to economic development is transforming domestic industries and reshaping the global investment landscape.Read more insights from Morgan Stanley.----- Transcript ----- Welcome to Thoughts on the Market. I'm Laura Wang, Morgan Stanley's Chief China Equity Strategist.Today – a consequential shift in China's economic policy is set to reshape domestic markets and send ripples across the global economy.It's Thursday, October 2nd at 2pm in Hong Kong.If you're an investor, it's important to understand China's new approach to economic development. The government's policies to drive a recovery from an economic slump are changing the rules of competition, profitability and growth. This affects Chinese companies, and in turn global supply chains and investment flows.Let's start with the term involution – what is it? In China, involution describes a cycle of excessive competition—think companies fighting for market share by slashing prices, ramping up production, and eroding profits, often to the point where nobody wins. The government's anti-involution campaign is a direct response to this problem.What factors prompted the launch of this anti-involution initiative? Since 2021, China has faced mounting deflationary pressures—falling prices, a housing market slump, and a surge in manufacturing investment that led to overcapacity. The September 2024 policy pivot began to address these issues, and in mid-2025 the government launched a more targeted anti-involution campaign. This phase focuses on reducing excessive competition and restoring pricing power through market-based consolidation.As we assess the potential effectiveness of China's anti-involution policy, our base case projects China's return on equity (ROE) to reach 13.3 percent by 2030, up from a cycle low of 10 percent in May 2024 and 11.6 percent by July 2025. In a bullish scenario, decisive reforms and demand-side stimulus could push ROE as high as 16.3 percent.We also expect earnings growth to accelerate, with our base case showing an annual growth rate (CAGR) of 7.6 percent in 2025, rising to 11.1 percent by 2027. We forecast valuations to normalize towards 12–13x forward price-to-earnings, in line with emerging market peers, but this could re-rate higher if reforms succeed.In terms of investment opportunities, we believe the EV Batteries industry will benefit the most from the Chinese government's anti-involution efforts. It's got strong policy support, cutting-edge technology, and a market that's consolidating fast—meaning the days of low-quality and excess capacity are fading. We're seeing a shift toward long-term, sustainable growth. Steel and Cement are industries where the state has a strong hand and capacity controls are well established. These factors help stabilize the market and open the door for steady gains. Finally, Airlines. While the industry has faced persistent losses, there isn't a[n] oversupply of seats, and regulatory coordination is strong. With the right reforms, Airlines could be poised for a significant turnaround.The sectors best positioned to benefit from China's anti-involution strategy are more domestically oriented. But this policy is bound to have global implications. And the ripples will likely extend to global supply chains, especially in Materials, Chemicals and Autos.Looking ahead, the pace and success of anti-involution will depend on further structural reforms, demand-side support, and the ability to digest industrial credit risks gradually. The upcoming 15th Five-Year Plan could bring more clarity on tax, social welfare, and local government incentives.So, what should investors be paying attention to? China's anti-involution campaign is more than a policy tweak—it's a recalibration of how the country balances growth, innovation, and sustainability. The key is to track sector-level reforms, watch for signs of consolidation, and focus on companies with strong fundamentals and policy tailwinds.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

① US President Donald Trump says Israeli Prime Minister Benjamin Netanyahu has agreed to a 20-point plan to put an end to the conflict in Gaza. Is it a turning point in the peace process? (00:54) ② South Korean President Lee Jae Myung has held talks with outgoing Japanese Prime Minister Shigeru Ishiba in Busan. What's at stake in the meeting? (14:03) ③ China's Ministry of Water Resource says the country has built the world's largest water infrastructure system during its 14th Five-Year Plan period. We take a look at the efforts behind this achievement. (24:34) ④ A conversation with UN Under-Secretary-General Haoliang Xu. (34:53) ⑤ What does Moldova's future look like after its governing pro-EU party won parliamentary elections? (44:01)

China is rewriting its growth story – shifting from real estate reliance to innovation, AI, and green tech. In this episode, Xiaolin Chen of KraneShares joins host Andrew Wilkinson to break down China's latest policy shifts, trade dynamics, and the upcoming Five-Year Plan shaping the global economy.

China's central authorities have held a meeting to study major issues in the drafting of the 15th Five-Year Plan for national economic and social development. The meeting comes nearly a month before the fourth plenary session of the 20th CPC Central Committee.

China's top leadership has emphasized a people-centered approach during the country's economic and social development in the next five years, as they decided to hold the fourth plenary session of the 20th CPC Central Committee from October 20 to 23 to discuss a proposal for the 15th Five-Year Plan (01:03). Traveling and shopping in China are trending among international tourists under visa exemptions and tax refunds (01:44). And Iran has rejected the return of sanctions, calling the action by the E3 "illegal and unjustified (12:43)."

Late at night, a young professional, worn out after several days of overtime, felt a sudden pang in her stomach. Scanning her medicine cabinet, she realized her pills had expired. Desperate, she picked up her phone. Within minutes, she found what she needed on a delivery app, discovered a 24-hour smart pharmacy, and even added a warm bowl of millet porridge and some steamed buns to her order. Less than 30 minutes later, the medicine and food arrived, taking care of both her hunger and pain. "More thoughtful than my boyfriend," she thought.深夜，一位年轻职场人连续加班多日后，突然感到胃部一阵绞痛。她查看药柜，发现常备药已经过期。情急之下，她拿起手机，几分钟内就在外卖平台上找到了需要的药品，还发现了一家24小时智能药房，顺便加购了一碗热小米粥和几个包子。不到30分钟，药品和食物就送达了，既缓解了饥饿，也减轻了疼痛。她心想：“比男朋友还贴心。”In another place, a mother preparing for a family feast faced a minor crisis: key condiments like soy sauce and black vinegar were missing from her online order. The nearest supermarket was far, crowded and inconvenient. With a mix of frustration and hope, she tried a flash-sale app. Within minutes, she found the missing items as well as attractive discounts, and added yogurt and nuts for her children to the order. Fifteen minutes later, a man knocked on the door, and delivered the items at prices lower than the supermarket and with far less hassle. The family feast went on without a hitch.在另一个场景中，一位母亲正在筹备家庭聚餐，却遇到了一个小麻烦：网购的订单里漏了酱油、陈醋等关键调味品。最近的超市距离远、人又多，十分不便。她带着一丝无奈和期待，尝试打开一款闪购APP。几分钟内，她不仅找到了短缺的调味品，还发现了优惠活动，于是又给孩子加购了酸奶和坚果。15分钟后，敲门声响起，商品送达，价格比超市还低，过程也省心不少。家庭聚餐得以顺利进行。In a county home, a young man heard that an old friend was passing through and would change trains at the local railway station in an hour. He wanted to gift a taste of home to his friend, but most stores were closed for the weekend. Then he remembered the local supermarket had partnered with an instant retail platform. Immediately, he ordered a gift set of local pastries and a new but popular tea drink, adding a note: "Please deliver quickly—urgent gift." About 25 minutes later, the package arrived. He met his friend at the station and gifted him a "piece of home"—a small but valuable gesture.在一个县城里，一位年轻人得知老友途经此地，一小时后将在当地火车站换乘。他想给老友带一份家乡味道当礼物，但周末多数店铺都关门了。这时他想起，当地超市与一家即时零售平台有合作。他立刻下单了一套本地糕点礼盒和一款新款热门茶饮，并备注“急需送礼，请尽快送达”。约25分钟后，包裹送到了。他到车站见到老友，送上这份“家乡味”——虽不起眼，却情谊深厚。These stories illustrate a larger shift reshaping China's consumer market: instant consumption. Defined by online ordering and immediate offline delivery, it is changing shopping habits and driving growth. During the 14th Five-Year Plan (2021-25), instant consumption leapt forward, with improved infrastructure, richer consumption scenarios, and rapidly growing market scale, becoming a key driver of consumption upgrading and domestic growth.这些故事背后，折射出中国消费市场正在发生的深刻变革——即时消费。这种以“线上下单、线下即时送达”为核心的消费模式，正改变着人们的购物习惯，拉动经济增长。“十四五”时期（2021-2025年），即时消费凭借基础设施完善、消费场景丰富、市场规模快速扩大等优势实现跨越式发展，成为推动消费升级和内需增长的重要引擎。According to the China Chain Store and Franchise Association, the country's instant retail market is expected to exceed 1.4 trillion yuan ($196.3 billion) in 2025, with a projected five-year compound annual growth rate of 25 percent—a major driver of consumer vitality.中国连锁经营协会数据显示，2025年中国即时零售市场规模预计将突破1.4万亿元（约合1963亿美元），五年复合年均增长率预计达25%，成为激发消费活力的重要力量。The magic of instant consumption lies in turning fleeting, fragmented or urgent needs into actual purchases. "Want it now" becomes "get it now"; "might need it" turns into a confirmed order. By meeting immediate needs, extending shopping hours, and reaching more places, instant consumption generates new demand and reshapes both business and consumer behavior.即时消费的魅力，在于能将转瞬即逝、零散细碎或紧急迫切的需求转化为实际消费。“现在想要”变成“现在得到”，“可能需要”变成“确定下单”。通过满足即时需求、延长购物时间、拓展服务范围，即时消费不断创造新需求，重塑商家经营模式与消费者行为习惯。Time has become an even more precious commodity in busy cities. Whether it's water, a meal, medication or office supplies, instant delivery has brought down waiting time to minutes, thus reducing mental strain and freeing up hours. Beyond emergencies, it changes expectations: instant service is now standard, not a perk. Small, frequent demands—an umbrella during sudden rain, late-night snacks while working overtime—are now easily met, turning previously latent needs into real consumption.在快节奏的城市生活中，时间愈发珍贵。无论是饮用水、餐食、药品还是办公用品，即时配送将等待时间缩短至分钟级，不仅减轻了人们的心理压力，还节省了大量时间。除了应对紧急情况，即时消费还改变了人们的预期：即时服务已从“额外福利”变为“标配”。突发降雨时需要的雨伞、加班时想吃的夜宵等高频小额需求，如今都能轻松满足，原本潜在的需求转化为了实际消费。Instant consumption is also breaking the traditional boundaries of retail hours. Convenience stores and e-commerce offer 24-hour options, but instant retail provides true round-the-clock response. Workers on the nightshift, students and spontaneous shoppers can get what they want at hours when brick-and-mortar stores are closed, creating a new consumption pattern: midnight snacks, emergency hygiene products, even replacement phone chargers.即时消费还打破了传统零售的时间限制。便利店和电商虽提供24小时服务，但即时零售实现了真正的“全天候响应”。夜班工作者、学生以及临时有购物需求的人，即便在实体店铺关门时段，也能买到所需商品，催生了夜宵、应急卫生用品、手机充电器替换等新消费场景。Consumers no longer need to travel to a store; goods come to them. Urban centers, residential areas, offices and even underserved outskirts enjoy the same access. Rain or shine, umbrellas or groceries are all delivered to your doorstep. Elderly residents in remote areas can now easily get daily necessities. By removing the barriers of distance, instant consumption has made shopping more inclusive and unlocked untapped demand.消费者无需再前往店铺，商品会主动“送上门”。无论是城市中心、居民区、办公区，还是服务相对薄弱的郊区，都能享受同等便捷的服务。无论晴雨，雨伞或生鲜食材都能送达家门口；偏远地区的老年人也能轻松买到日常生活用品。通过打破距离壁垒，即时消费让购物更具包容性，释放了此前未被挖掘的需求。Digital technology is powering all this. Big data, AI and recommendation algorithms allow platforms to anticipate needs, adjust inventory and optimize delivery in real time. While hot drinks and hotpot appear on your app when temperatures suddenly drop, the right promotions pop up during holidays. Even location or weather data inform personalized suggestions. This precision doesn't just improve efficiency, it also awakens latent needs, turning spontaneous ideas into confirmed purchases and continuously creating new demand.这一切的背后，是数字技术的支撑。大数据、人工智能（AI）和推荐算法让平台能够预判需求、实时调整库存并优化配送路线：气温骤降时，APP首页会推送热饮、火锅；节假日期间，精准的促销活动主动弹窗；地理位置、天气情况等数据还能提供个性化推荐。这种精准化服务不仅提升了效率，更唤醒了潜在需求，让“突然想买”变成“确定下单”，持续创造新的消费增长点。During the 15th Five-Year Plan period (2026-30), instant consumption is poised to reach wider areas and accelerate innovation. As the internet of things and autonomous-driving technologies mature, drone and driverless-vehicle deliveries are likely to scale up, reducing costs and shrinking response time. Service offerings will expand beyond physical goods to include instant medical consultations, home nursing and emergency repairs.“十五五”时期（2026-2030年），即时消费将向更广泛领域延伸，创新步伐也将加快。随着物联网、自动驾驶技术的成熟，无人机、无人车配送有望规模化应用，进一步降低成本、缩短响应时间；服务范围将从实物商品拓展至即时医疗咨询、居家护理、紧急维修等领域。Anchored by green, low-carbon priorities, the sector will increasingly adopt eco-friendly packaging, route optimization and resource conservation, laying the groundwork for high-quality, sustainable growth. As digital rural infrastructure advances, instant service networks will extend into the countryside, better meeting rural residents' immediate but diverse needs, and adding to the momentum of rural vitalization.以绿色低碳为导向，即时消费行业将更多采用环保包装、优化配送路线、节约资源，为高质量可持续发展奠定基础。随着农村数字基础设施的完善，即时服务网络将向农村延伸，更好满足农村居民多样化的即时需求，为乡村振兴注入新动力。The social and economic benefits are clear. Instant consumption improves distribution efficiency, boosts fragmented and situational demand, accelerates retail digitalization, and supports local supply chains, logistics and delivery employment. Beyond economics, it enriches daily life, boosts urban resilience, and plays a key role in emergency support and care for special people. Instant consumption has become a vital part of modern urban life, illustrating how China's economic development is meeting the Chinese people's aspirations for a better life.即时消费的经济社会效益显而易见：它提升了流通效率，激活了碎片化、场景化需求，加速了零售业数字化转型，还带动了本地供应链、物流及配送行业就业。除经济层面外，它丰富了日常生活，增强了城市韧性，在应急保障、特殊群体关怀等方面也发挥着重要作用。如今，即时消费已成为现代城市生活的重要组成部分，印证着中国经济发展正不断满足人民对美好生活的向往。instant consumptionn.即时消费 /ˈɪnstənt kənˈsʌmpʃn/instant retail marketn.即时零售市场/ˈɪnstənt ˈriːteɪl ˈmɑːkɪt/

A Chinese official says the country has maintained stable employment over the past five years, with over 59 million new urban jobs created since the beginning of the 14th Five-Year Plan period.

China will maintain an independent and accommodative monetary policy amid the unfolding global rate cut cycle, with future adjustments to be determined by domestic priorities and incoming data, officials and analysts said on Monday.官方及分析人士于周一表示，在当前全球降息周期逐步展开的背景下，中国将继续实施独立且稳健宽松的货币政策，未来政策调整将依据国内发展重点与实际经济数据来确定。Pan Gongsheng, governor of the People's Bank of China, the country's central bank, said on Monday that China's monetary policy will remain independent and data-driven, following the US Federal Reserve cutting the federal funds rate by 25 basis points last week.中国人民银行行长潘功胜在周一指出，继上周美国联邦储备委员会宣布将联邦基金利率下调25个基点后，中国货币政策仍将坚持独立性与数据驱动原则。"China's monetary policy adheres to the principle of staying oriented to domestic needs while balancing internal and external factors," Pan said at a news conference, adding that future decisions will be based on macroeconomic conditions and evolving circumstances.潘功胜在新闻发布会上强调：“中国货币政策始终坚持以国内需求为主导，同时统筹兼顾内外部均衡。”他进一步表示，未来货币政策决策将立足宏观经济形势与实际情况变化来制定。Citing international central banking practice, Pan said the PBOC will follow a data-based approach to policy adjustment, and make comprehensive use of multiple tools to ensure ample liquidity and guide financing costs lower.提及国际央行通行做法时，潘功胜表示，中国人民银行会遵循数据导向的政策调整思路，综合运用多种货币政策工具，确保市场流动性合理充裕，并引导融资成本持续下行。Such efforts are aimed at bolstering consumption, expanding investment and consolidating economic recovery, Pan said, stressing that "China's current monetary policy stance is supportive."他指出，这些举措旨在提振消费、扩大有效投资，巩固当前经济回升向好态势，同时明确“中国当前的货币政策立场具备充分的支持性”。Also on Monday, the PBOC released the latest loan prime rates — the market-based lending benchmarks — which remained unchanged for the fourth consecutive month. The one-year LPR stood at 3 percent, while the over-five-year LPR came in at 3.5 percent.同样在周一，中国人民银行公布了最新一期贷款市场报价利率（LPR）——作为市场基础性贷款利率基准，此次LPR已连续第四个月维持不变。其中，1年期LPR保持3%不变，5年期以上LPR则稳定在3.5%水平。The steady rates were in line with expectations, as the policy rate of seven-day reverse repos has also held stable. Analysts said the third quarter has been a period of observing monetary policy effects, even as the US Fed rate cut provides more policy room for China by potentially ushering in a global rate cut cycle.此次LPR保持稳定符合市场预期，此前7天期逆回购操作利率亦持续维持不变。分析人士认为，尽管美联储降息可能推动全球进入降息周期，为中国货币政策提供更广阔操作空间，但第三季度仍是观察前期货币政策实施效果的关键阶段。Looking ahead, Ming Ming, chief economist at CITIC Securities, said credit growth remained subdued and property sales became weaker in the third quarter, underscoring the need for interest rate cuts to lower financing costs.展望未来，中信证券首席经济学家明明表示，第三季度我国信贷增长态势偏缓，商品房销售表现进一步走弱，这凸显出通过降息降低市场主体融资成本的必要性。Ming said that the narrowing net interest margin of commercial banks suggests that deposit rates may need to decline before a cut in LPRs can take place, adding that rate cut decisionmakers should also pay attention to the impact on investor sentiment in the stock market.明明指出，商业银行净息差持续收窄，这意味着若要下调LPR，可能需要先推动存款利率下行。此外，政策制定者在作出降息决策时，还需关注其对股票市场投资者情绪的潜在影响。During Monday's news conference, heads from China's top financial regulators also reported the achievements made by the country's financial sector over the 14th Five-Year Plan period (2021-25).在周一的新闻发布会上，我国金融监管部门负责人还介绍了“十四五”规划（2021-2025年）期间我国金融业取得的发展成就。Pan said total assets of China's banking sector reached nearly 470 trillion yuan ($66 trillion) by the end of June, the largest in the world, while the country's stock and bond markets ranked second globally in size.潘功胜透露，截至今年6月末，我国银行业总资产规模接近470万亿元（约合66万亿美元），规模位居全球首位；股票市场与债券市场规模则均位列全球第二。Wu Qing, chairman of the China Securities Regulatory Commission, said at the conference that equity and bond financing on the exchange markets totaled 57.5 trillion yuan in the past five years, raising the share of direct financing to 31.6 percent, up by 2.8 percentage points from the end of the 13th Five-Year Plan period (2016-20).中国证券监督管理委员会主席吴清在会上表示，过去五年，我国交易所市场股票与债券融资总额达57.5万亿元，直接融资占比提升至31.6%，较“十三五”规划（2016-2020年）期末提高2.8个百分点。Technology-related stocks now account for over one-fourth of the market capitalization of the A-share market, far surpassing the combined weight of financial and real estate sectors, while dividends and share buybacks reached 10.6 trillion yuan in the past five-year period, more than twice the combined proceeds from IPOs and refinancing, Wu said.吴清指出，目前A股市场中科技相关板块市值占比已超过四分之一，远超金融与房地产板块市值之和；过去五年，A股市场现金分红与股份回购总额达10.6万亿元，是同期首次公开发行（IPO）与再融资募集资金总和的两倍多。Looking ahead, Wu said the commission will advance reforms of the STAR Market and ChiNext regarding IPOs, mergers and acquisitions, and corporate restructurings to amplify support for innovation, improve listed companies' disclosure quality, foster a culture that values and rewards investors, and enhance market regulation and risk-prevention frameworks.对于未来工作方向，吴清表示，证监会将推进科创板、创业板在首次公开发行（IPO）、并购重组等领域的改革，进一步加大对科技创新的支持力度；同时将提升上市公司信息披露质量，培育尊重投资者、回报投资者的市场文化，并健全市场监管与风险防范体系。Wu added that long-horizon assessments of funds will be reinforced, while cross-border investment and financing will be made more convenient to attract more capital inflow.他补充道，监管部门还将强化对基金产品的长期业绩考核，进一步便利跨境投融资活动，吸引更多境外资本流入我国资本市场。Zhu Hexin, administrator of the State Administration of Foreign Exchange, said that overseas institutions and individuals held over 10 trillion yuan worth of onshore stocks, bonds, deposits and loans by the end of July.国家外汇管理局局长朱鹤新表示，截至今年7月末，境外机构与个人持有境内股票、债券、存款及贷款等各类资产规模合计超过10万亿元。Official data showed that foreign investors now hold about 3.4 trillion yuan of A shares, while 269 Chinese companies are listed overseas.官方数据显示，目前境外投资者持有A股规模约3.4万亿元，共有269家中国企业在境外市场上市。accommodativeadj.融通的，适应性强的/əˈkɒmədeɪtɪv/liquidityn.流动性；资产变现能力/lɪˈkwɪdəti/marginn.差额，利润/ˈmɑːdʒɪn/

September has been a record-breaking month for global markets, with the Dow, S&P, and NASDAQ hitting all-time highs. Asian equities have also soared, led by KOSPI and Hang Seng gains, as investors shift from fixed income to equities in search of higher returns. In Singapore, initiatives like the Equity Market Development Programme and new rules for single-family offices are strengthening the local market, while a strong IPO pipeline promises more opportunities ahead. Lee Kian Soon, CEO of Astral Asset Management unpacks what these developments mean for investors and what to watch in the final quarter of 2025, from China’s 15th Five-Year Plan to the next Fed decision. Produced/Presented: Ryan HuangSee omnystudio.com/listener for privacy information.

① Ahead of the annual Chinese farmers' harvest festival, Xi Jinping called for multiple measures to improve farmers' life and advance all-round rural vitalization. Why is modernizing the agricultural sector and rural area a key part of China's modernization? (00:57) ② We take a look at how China's financial sector has performed during the country's 14th Five-Year Plan from 2021 to 2025. (13:09) ③ A conversation with Angola's ambassador to the United Nations on China's contribution to the UN's work. (24:55) ④ Russian leader Vladimir Putin has declared his readiness to adhere to nuclear arms limits for one more year under the last remaining nuclear pact with the United States. Why has he made this offer? (34:15) ⑤ Japan's ruling Liberal Democratic Party has launched its leadership election campaign. Will whoever become the next LDP leader save the party from its crisis? (43:14)

China must accelerate reform measures to reinforce the stable and healthy development of the capital market in the coming five years as a strategic pivot in transforming the country's economic growth model, said leading economists and financial experts.著名经济学家和金融专家表示，中国必须加快改革措施，在未来五年加强资本市场的稳定和健康发展，作为转变国家经济增长模式的战略支点。Despite Thursday's market correction, they said the recent rally in Chinese equities, together with the ongoing regulatory initiatives to enhance market stability, still highlights a strategic shift toward positioning the capital market as a central driver of innovation, consumption and domestic economic circulation amid external headwinds.他们表示，尽管周四出现了市场回调，但中国股市近期的反弹，以及正在实施的加强市场稳定的监管举措，仍突显出在外部不利因素的影响下，中国将资本市场定位为创新、消费和国内经济循环的核心驱动力的战略转变。Looking at the new round of capital market reform to be unfolded in the 15th Five-Year Plan (2026-30) period, top priorities should include firmer determination to close regulatory loopholes that leave room for improper profits, ensure market fairness for retail investors, and improve transparency for global investors, they added.他们补充说，展望第15个五年计划（2026-30）期间将展开的新一轮资本市场改革，当务之急应该包括更坚定地弥补为不正当利润留下空间的监管漏洞，确保散户投资者的市场公平，提高全球投资者的透明度。Proposals for formulating the 15th Five-Year Plan for national economic and social development will be studied at the fourth plenary session of the 20th Communist Party of China Central Committee, scheduled to be held in Beijing in October.关于制定国民经济和社会发展第15个五年计划的建议将在定于10月在北京举行的中国共产党第二十届中央委员会第四次全体会议上进行研究。Xi Jinping, general secretary of the Communist Party of China Central Committee, called for giving full play to the pivotal role of the capital market at the Central Financial Work Conference in 2023.习近平，中国共产党中央委员会主席，在2023年的中央金融工作会议上，要求充分发挥资本市场的关键作用。At the CPC Central Committee Political Bureau meeting on July 30, which Xi chaired, it was pointed out that the attractiveness and inclusiveness of the domestic capital market should be boosted, in order to consolidate the improving and stabilizing trend of the capital market.7月30日习主持的中共中央政治局会议上，习指出要增强国内资本市场的吸引力和包容性，巩固资本市场向好企稳的态势。"The ongoing rise of A shares reflects that the strategic position of the capital market in China's economic agenda is rising significantly," said Tian Xuan, president of Tsinghua University's National Institute of Financial Research and associate dean of Tsinghua University's PBC School of Finance.清华大学国家金融研究院院长、中国人民银行金融学院副院长田轩表示：“A股的持续上涨反映出资本市场在中国经济议程中的战略地位正在显著上升。”In the upcoming 15th Five-Year Plan period, high-quality development of the capital market will act not only as a key pathway to address structural economic issues, but also as the "central pivot" for transforming the country's growth model, Tian said.田说，在即将到来的“十五”计划期间，资本市场的高质量发展不仅是解决结构性经济问题的关键途径，而且是转变国家增长模式的“中心支点”。The bottlenecks faced by traditional growth drivers, the remaining financing difficulties for innovation and intensified global tech competition all demand steady, healthy growth of the capital market to guide long-term capital into core technologies, Tian said. The growing household demand for wealth management also requires the capital market to provide diverse investment channels, he said.田说，传统增长动力面临的瓶颈，创新的剩余融资困难以及加剧的全球技术竞争都需要资本市场稳定，健康的增长，以引导长期资本进入核心技术。他说，家庭对财富管理日益增长的需求也要求资本市场提供多样化的投资渠道。He added that China should further improve fundamental institutions to ensure sustainable market momentum, calling for better management of expectations, greater policy transparency and timely, positive signals to shore up sentiment, as well as stricter information disclosure and an improved delisting mechanism to raise listed companies' quality.他补充说，中国应该进一步完善基本制度，以确保市场的可持续发展势头，呼吁更好地管理预期，提高政策透明度，及时发出积极信号来提振市场情绪，以及更严格的信息披露和完善的退市机制，以提高上市公司的质量。China's A-share market fell on Thursday, as experts cited profit-taking pressure, while the United States Federal Reserve's 25-basis-point interest rate cut on Wednesday fell short of some investors' expectations for a bolder move.中国A股市场周四下跌，专家们认为这是获利了结的压力，而美联储周三降息25个基点的决定，没有达到一些投资者对更大胆举措的预期。Despite a 1.15 percent drop on Thursday, the benchmark Shanghai Composite Index has risen by nearly a quarter from the April trough, closing at 3,831.66 points. US investment bank Goldman Sachs said in a report on Thursday that it forecasts an 8 percent upside for the A-share market over the coming 12 months.尽管周四下跌了1.15%，但基准上证综合指数已经从4月份的低点上涨了近四分之一，收于3831.66点。美国投资银行高盛在周四的一份报告中表示，预计未来12个月a股市场将上涨8%。Liu Jipeng, a senior expert on capital markets and a professor at the Business School of China University of Political Science and Law, said that further closing regulatory gaps to safeguard market fairness and investor interest would hold the key to future capital market reforms and steady market growth.资本市场资深专家、中国政法大学商学院教授刘继鹏表示，进一步缩小监管空白，以维护市场公平和投资者利益，将是未来资本市场改革和市场稳定增长的关键。"A slow bull market has taken shape. The goal should be making it steady and long-lasting, so that the capital market can serve as a platform for common prosperity, where the majority of investors can share returns, rather than only a few getting rich overnight," Liu said.“一个缓慢的牛市已经形成。目标应该是使其稳定和持久，以便资本市场可以作为共同繁荣的平台，大多数投资者可以分享回报，而不是只有少数人一夜暴富。”Wu Qing, chairman of the China Securities Regulatory Commission, pledged at a recent symposium to accelerate the new round of capital market reform and opening-up to consolidate the improving market trend, stressing that the market is at a crucial stage in its pursuit of high-quality development in the 15th Five-Year Plan period.中国证券监督管理委员会主席吴清在最近的一次座谈会上承诺，将加快新一轮资本市场改革开放，巩固市场向好趋势，并强调市场正处于“十五”期间追求高质量发展的关键阶段。China has ramped up capital market reform efforts after it released a high-level guideline in April last year, rolling out nine measures to promote the high-quality development of the capital market.自去年4月发布高层指导意见以来，中国加大了资本市场改革力度，推出了促进资本市场高质量发展的九项措施。Since then, the country has issued new rules and measures to better regulate holding reductions by major shareholders, raise the dividends for equity shareholders, and encourage the entry of long-term capital while improving mechanisms to anchor market liquidity amid slumps.此后，国家出台了新的规则和措施，以更好地规范大股东减持，提高股东股息，鼓励长期资本进入，同时完善机制，以稳定市场流动性。Liu attributed the recent rally to such reform measures, and said that more must be done to further enhance market fairness, including in areas such as stock issuance review and pricing, quantitative trading and large shareholders' stakes.刘将最近的反弹归因于这些改革措施，并表示必须做更多的工作来进一步增强市场公平，包括股票发行审查和定价，量化交易和大股东股权等领域。Luo Zhiheng, chief economist at Yuekai Securities, said that enforcing rules with greater rigor and raising penalties for fraudulent practices are essential to building lasting investor trust.悦凯证券首席经济学家罗志恒表示，更严格地执行规定，加大对欺诈行为的惩罚力度，对于建立投资者的持久信任至关重要。With the A-share market showing an improving and stabilizing trend, Luo said it can lift household income and offset part of the drag from the housing slowdown, and make people more confident to spend, thus supporting consumption and overall economic vitality.随着A股市场呈现出改善和稳定的趋势，罗说，这可以提高家庭收入，抵消住房放缓的部分拖累，使人们更有信心消费，从而支持消费和整体经济活力。The A-share rally has also enhanced the attractiveness of Chinese financial markets globally.a股的上涨也增强了中国金融市场在全球的吸引力。Thomas Fang, head of China global markets at investment bank UBS, said that global investors are showing greater interest in Chinese financial assets as the country's shining economic prospects help them to diversify their allocations from US dollar-denominated assets.投资银行瑞银（UBS）中国全球市场主管方德华（Thomas Fang）表示，全球投资者对中国金融资产表现出更大的兴趣，因为中国光明的经济前景有助于他们将资产配置从美元计价资产中分散出来。Fang applauded China's recent opening-up policies that offer global investors more instruments to invest in China, facilitating their risk management and helping them take bigger positions in the country.方赞扬了中国最近的开放政策，为全球投资者提供了更多投资中国的工具，促进了他们的风险管理，并帮助他们在中国占据更大的位置。capital market reformn.资本市场改革/ˈkæpɪtl ˈmɑːkɪt rɪˈfɔːm/A-share marketn.A股市场（中国内地股票市场）/eɪ ʃeə ˈmɑːkɪt/

 In this episode, Ron shares an inspiring message about the fresh, transformative, and powerful outpouring of the Holy Spirit that is sweeping through hearts and communities. He explores how this revival is bringing deep excitement, joy, and renewed passion for reaching the lost. Listeners will be encouraged by stories of lives being changed, hearts being stirred, and believers embracing a bold, unwavering commitment to evangelism. Tune in to experience the joy, purpose, and zeal that comes when the Spirit moves in mighty ways. 

① Portuguese Prime Minister Luis Montenegro has concluded a three-day visit to China, the first China trip by a Portuguese head of government in nearly a decade. How can Lisbon and Beijing enhance cooperation? (00:52)② What has made Israel carry out a strike targeting Hamas leaders in Qatar? (13:30)③ We explore the progress of China's manufacturing sector during the country's 14th Five-Year Plan. (27:00)④ We take a look at a CGTN poll showing strong recognition of Taiwan's return to China after World War II and why seeking “Taiwan independence” is a subversion of the post-war international order. (38:44)⑤ Basketball legend LeBron James has called basketball “a bridge” that connects the US and China. Does he have a point? (45:15)

The Chinese president says BRICS countries should continue to uphold multilateralism and enhance the voice of the Global South as he joined world leaders for a virtual summit (1:04).China's manufacturing output is projected to rise significantly during the 14th Five-Year Plan (2021–2025), contributing more than 30% of global growth (36:58).French PM Francois Bayrou is stepping down after losing a confidence vote due to his controversial budget plan (14:24).

 In this episode, Ron explores the theme of Contrition—the deep grief that comes from recognizing our sin—and the transformative freedom available through Christ's sacrifice. Listeners will gain insight into how acknowledging our sins and embracing Jesus' redemption can release us from the bondage of sin, bringing true spiritual liberty. 

China now has 311 ports of entry with the water ports handling more than 90 percent of China's total foreign trade volume.

Officials say China has registered a net increase of nearly 20 million enterprises since the beginning of the 14th Five-Year Plan period in 2021. The State Administration for Market Regulation says China's business environment has continued to improve.

The United States and China are locked in a race for dominance in artificial intelligence, including its applications and diffusion. American and Chinese AI firms like OpenAI and DeepSeek respectively have captured global attention and major companies like Google and Microsoft have been actively investing in AI development. While the US currently boasts world-leading AI models, China is ahead in some areas of AI research and application. With the release of US and Chinese AI action plans in July, we may be on the cusp of a new phase in US-China AI competition.Why is AI so important for a country's global influence? What are the strengths of China's AI strategy? And what does China's new AI action plan tell us about its AI ambitions? To discuss these questions, we are joined by Owen Daniels. Owen is the Associate Director of Analysis at Georgetown's Center for Security and Emerging Technology and a Non-Resident Fellow at the Atlantic Council. His recently published article in Foreign Affairs co-authored with Hanna Dohmen -- titled China's Overlooked AI Strategy -- provides insights into how Beijing is utilizing AI to gain global dominance and what the US can and should do to sustain and bolster its lead.Timestamps[00:00] Start [02:05] US Policy Risks to Chinese AI Leadership [05:28] Deepseek and Kimi's Newest Models  [07:54] US vs. China's Approach to AI [10:42] Limitations to China's AI Strategy  [13:08] Using AI as a Soft Power Tool  [16:10] AI Action Plans  [19:34] Trump's Approach to AI Competition [22:30] Can China Lead Global AI Governance?  [25:10] Evolving US Policy for Open Models

China has made significant progress in digital infrastructure and technology innovation during the 14th Five-Year Plan period (2021-25) (37:58). Ukraine's president says the U.S. and EU have agreed on five major principles for the upcoming summit between the U.S. and Russian leaders in Alaska (01:07). China has activated emergency responses in eight southeastern regions after Typhoon Podul made landfall (26:06).

In this episode of The Unshakable Church, we dive into the reasons behind the persecution of committed Christians worldwide. From the story of the Israelites in Exodus to today's challenges, fear of the growing church fuels oppression. But through every trial, God's power transforms believers, making the church truly unshakable. Discover how faith, resilience, and courage define the church's greatest miracle.

① President Xi Jinping has called for absorbing netizens' opinions in formulating China's next five-year plan. How does China integrate seeking advices from the public with its top-level decision-making process? (00:54)② Several Chinese government bodies have held mid-year meetings to better support economic growth for the rest of the year. We explore their key messages. (13:02)③ Japan has clinched a $6.5 billion deal to build Australia's next-generation warships. With a military export ban no longer in place, is Japan moving further away from its postwar pacifism? (24:57)④ Moscow says it is anticipating talks with US President Donald Trump's special envoy Steve Witkoff later this week. We explore the ongoing bargain between Russia and the US over the Ukraine war. (34:27)⑤ The global roller-coaster ride of Donald Trump's tariffs has entered its latest phase. Is America really winning? (43:10)

Running a therapy practice while staying true to your values isn't always easy, especially in a system that often prioritizes profit over people.Paul Fugelsang, founder and executive director of Open Path Psychotherapy Collective, joins  Michael Fulwiler to talk about building a mission-driven organization that connects clients to affordable therapy without compromising clinical integrity. Paul shares his path from overwhelmed private practice therapist to nonprofit leader, and how Open Path now supports over 34,000 therapists across the country.He reflects on the ethics of sliding scale work, the complexities of talking about money in the therapy room, and why resisting unchecked growth is one way to preserve the soul of this work.Listen to this episode for real talk on money, values, and building a sustainable practice that serves the people who need it most.In the conversation, they discuss:Why affordability doesn't have to mean burnout or underpaymentHow Open Path created a scalable model that supports therapists and clientsWhat therapists should consider when setting their feesConnect with the guest:Paul on LinkedIn: https://www.linkedin.com/in/paul-fugelsang-a970123a  Open Path on Instagram: https://www.instagram.com/openpathpsychotherapy/ Visit the Open Path website: https://openpathcollective.org/ Connect with Michael and Heard:Michael's LinkedIn: https://www.linkedin.com/in/michaelfulwiler/ Newsletter: https://www.joinheard.com/newsletter Book a free consult: joinheard.com/consult Jump into the conversation:(00:00) Welcome to Heard Business School(01:26) Meet Paul Fugelsang(02:14) Discovering Contemplative Psychotherapy at Naropa(03:06) Working in Juvenile Justice After Grad School(04:33) Launching a Private Practice in Florida(06:17) The Idea for Open Path Is Born(08:41) How Open Path's Model Works(10:34) Matching Therapists And Clients Post-Pandemic(11:45) Paul's Critique of VC-Backed Mental Health Platforms(14:33) Balancing Affordability And Therapist Well-Being(21:15) How to Talk Money With Clients(25:06) Sliding Scale as a Confidence Crutch(27:58) Lessons From Launching a Nonprofit(30:25) Why Open Path Doesn't Have a Five-Year Plan(32:45) Will AI Change How We Do Therapy?(39:52) Why Paul Stays Skeptical of Tech in Therapy(43:30) Paul's Message to Therapists TodayThis episode is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult their own attorney, business advisor, or tax advisor with respect to matters referenced in this episode.

I interview ChatGPT (calling it Alex) and challenge it to create a roadmap from zero skills to $1M ARR in five years. We break down the best skills to learn (coding, sales), how to choose a profitable niche, and why B2B SaaS for remote creative collaboration is a strong bet. I dive into practical steps: market research, MVP building, pricing, and B2B outreach. I reflect on sales cycles, pricing strategy, and the impact of AI tools on entrepreneurship. I question bootstrapping, validation, and staying ahead as the landscape rapidly evolves.Timestamps by PodSqueezeIntroduction and Episode Setup (00:00:00)  Naming ChatGPT and Framing the Challenge (00:02:09)  Defining “Rich” and Setting the Revenue Goal (00:03:10)  Defining the Starting Point and Essential Skills (00:04:03)  Learning to Code in the Age of AI (00:05:56)  Timeline for Learning Coding Skills (00:07:09)  Sales as an Alternative Path (00:08:02)  Combining Skills and Setting the Five-Year Plan (00:09:22)  Market Selection and Research (00:09:44)  Examples of Promising Markets (00:10:58)  Evaluating and Sizing a Market (00:12:01)  How to Research and Validate a Market (00:13:01)  Choosing the Best Market Right Now (00:14:06)  Existing Tools in the Remote Work Space (00:14:43)  Framework for Finding Opportunities in Remote Work (00:15:17)  Selecting a Specific Problem to Solve (00:16:20)  Zeroing in on a Concrete Product Idea (00:17:33)  Distribution and Go-to-Market Strategy (00:18:13)  Targeting and Reaching Decision Makers (00:19:19)  Preparation Timeline for Outreach (00:21:02)  Warming Up Specific Contacts (00:21:26)  Example Target Companies (00:22:06)  Pricing Strategy for B2B SaaS (00:22:48)  Justifying Tiered Pricing (00:24:14)  Timeline to Reach 1 Million IRR (00:25:09)  Step-by-Step Action Plan (00:26:33)  Closing and Reflections (00:28:03)  Final Thoughts and Outro (00:36:07)

As many as 10 countries have granted Chinese passport holders visa-free entry since 2021, a result of the country's efforts to expand visa-free access for Chinese citizens, an official of the National Immigration Administration said on Wednesday.国家移民局的一名官员周三表示，自2021年以来，多达10个国家给予中国护照持有人免签证入境，这是该国努力扩大中国公民免签证入境的结果。Over 90 countries and regions have granted visa-free entry or issued visa-on-arrival policies for Chinese passport holders, Xiong Shuren, head of the administration's Citizens Exit-Entry Management Department, told a news conference in Beijing.国家出入境管理局公民出入境管理处处长熊树人在北京举行的新闻发布会上表示，已有90多个国家和地区给予中国护照持有人免签证入境或落地签证政策。Travel convenience for Chinese passport holders has increased during the period under the 14th Five-Year Planfrom2021 to 2025, he said.他说，在“十四五”规划（2021-25）期间，中国护照持有人的旅行便利性有所提高。Citing international consulting agency rankings, Xiong said the global mobility score of Chinese passports rose from 72nd in 2021 to 60th.熊援引国际咨询机构的排名表示，中国护照的全球流动性得分从2021年的第72位上升到第60位。Xiong noted that Chinese people's demand for cross-border travel has continued to grow.熊指出，中国人民对跨境旅游的需求持续增长。During the 14th Five-Year Plan period, the administration has issued more than 300 million exit and entry documents for Chinese citizens, Xiong said.熊说，在“十四五”期间，政府为中国公民发放了3亿多份出入境证件。At the same time, through its hotline, website, smartphone application and other channels, the administration has provided assistance more than 480 million times to Chinese citizens around the world, he said.他说，与此同时，通过热线、网站、智能手机应用程序和其他渠道，政府向世界各地的中国公民提供了4.8亿多次援助。China has also taken a series of measures to attract inbound travel by foreigners, encouraging them to not only visit for the purpose of sightseeing, but also stay for work and business.中国还采取了一系列措施吸引外国人入境旅游，鼓励他们不仅以观光为目的，而且以工作和商务为目的。Liu Jia, an official at the administration's Foreigners Management Department, said that the number of international professionals who have been granted permanent residence in China has "increased substantially" during the 14th Five-Year Plan period.政府外国人管理部官员柳佳表示，在“十四五”期间，获得中国永久居留权的国际专业人员数量“大幅增加”。Since 2021, the administration has worked to attract foreign talent by establishing a system that facilitates their visa process, their stay in the country and inclusion in Chinese society, Liu said.柳说，自2021年以来，政府一直致力于通过建立一个有利于外国人才签证程序、留在中国和融入中国社会的制度来吸引外国人才。As part of the efforts, the country issued a new version of its foreign permanent resident ID card in December 2023, enabling financial, transport, health and other service providers in the country to verify foreigners' identities and provide services to them.作为努力的一部分，该国于2023年12月发行了新版外国永久居民身份证，使该国的金融、交通、卫生和其他服务提供商能够验证外国人的身份并为他们提供服务。Also, carrying the card and a valid passport with them, foreigners can enter China visa-free multiple times.此外，携带该卡和有效护照的外国人可以多次免签证进入中国。China has reached comprehensive mutual visa exemption arrangements with 29 countries, adopted unilateral visa-free policies for people from 46 countries and allowed citizens of 55 countries to transit in China without a visa, Liu also said.柳还说，中国与29个国家达成了全面的互免签证安排，对46个国家的人采取了单边免签证政策，允许55个国家的公民免签证在中国过境。Visa-free entry has become a major means of entry for foreigners who come to China for tourism, business and trade, he said.他说，免签证入境已成为来中国旅游、经商的外国人的主要入境方式。permanent residencen.永久居留/ˈpɜːmənənt ˈrɛzɪdəns/visa-freen.免签的/ˈvɪzə friː/

The 20th Central Committee of the Communist Party of China will hold its fourth plenary session in October in Beijing, with a focus on deliberating the next five-year plan for the country's social and economic development.The announcement came on Wednesday after a meeting of the Political Bureau of the CPC Central Committee, which was presided over by Xi Jinping, general secretary of the CPC Central Committee.According to the main agenda of the upcoming session, the Political Bureau will report its work to the CPC Central Committee and study the proposals for formulating the 15th Five-Year Plan, China's strategic road map for national economic and social development between 2026 and 2030, according to a statement issued after Wednesday's meeting.It was noted at the meeting that the next five years is a crucial period for consolidating the foundation and making comprehensive efforts to basically realize socialist modernization.As China is facing profound and complex changes in its development environment, with strategic opportunities, risks and challenges coexisting and uncertainties and unforeseen factors growing, it is essential to maintain strategic focus, strengthen confidence in certain victory, actively adapt to the changes, secure strategic initiative in fierce international competitions, and make significant breakthroughs in the strategic task of promoting Chinese modernization, the statement said.It is important to accelerate the building of a new development paradigm, consider both domestic and international situations in a coordinated way, and balance development and security, in order to promote the economy's effective upgrade in terms of quality and facilitate its appropriate growth in terms of quantity, the statement added.The meeting's participants highlighted the need to promote the overall well-being of the people, make solid strides toward common prosperity for all, and ensure that decisive progress is made in realizing socialist modernization.Five-year plans serve as comprehensive blueprints for China's economic and social advancement, outlining the goals, strategies and priorities across various sectors for each period.Featuring continuity, forward-looking strategic planning and effective implementation, the five-year plans have been instrumental in pushing forward the country's development in all sectors over the past decades since the launch of the first Five-Year Plan (1953-57).At the Political Bureau meeting on Wednesday, the current economic situation was analyzed and the arrangement for the economic work in the second half of the year was made.The meeting's participants emphasized the need to give full play to macroeconomic policies, strive to expand domestic demand on all fronts, steadfastly deepen reform and opening-up, promote the deep integration of technological and industrial innovations, and make solid steps to ensure people's livelihoods.In exercising monetary policy, they emphasized the need to maintain ample liquidity to help reduce overall social financing cost. It is necessary to effectively utilize various structural monetary policy tools to support technological innovation, boost consumption, assist small and micro-sized enterprises, and stabilize foreign trade, they said.It was noted at the meeting that efforts should be made to stimulate the vitality of private capital and expand effective investment, address production capacity issues in key industries, and energize the vitality of various types of market entities.While highlighting the need to stabilize the fundamentals of foreign trade and foreign investment, the meeting's participants called for assisting foreign trade enterprises facing significant shocks, optimizing export tax rebate policies, and building high-level pilot free trade zones and other platforms for opening-up.They also underlined the need to actively and prudently resolve local government debt risks, enhance the attractiveness and inclusiveness of the domestic capital market, and consolidate the momentum of the upturn in the country's capital market.Further efforts should be made to manage flood response and ensure energy supply in summer, they added.Prior to Wednesday's Political Bureau meeting, the CPC Central Committee held a symposium on July 23 with non-CPC personages to solicit opinions and suggestions on the current economic situation and the economic work for the second half of this year.While presiding over the symposium, Xi said that in the first half of the year, China's economy made steady progress while maintaining stability, and it also helped maintain overall social stability.This demonstrates that China's economic foundation is solid and has multiple strengths, strong resilience and great potential, and that the positive factors supporting high-quality development are continuously accumulating, he said.Noting that the country's economy still faces many risks and challenges, Xi underscored the need to properly understand the situation, enhance the awareness of potential dangers, think about the worst-case scenario, and make good use of development opportunities, potential and advantages to consolidate and expand the positive momentum of economic recovery and improvement.In terms of economic work in the second half, Xi emphasized the importance of maintaining the consistency and stability of policies and enhancing their flexibility and foreseeability, as well as stabilizing employment, enterprises, the market and expectations.He underscored the need to vigorously boost consumption, address "rat race" competition, facilitate domestic circulation while reinforcing the dual circulation of domestic and international markets, and strive to meet the economic and social development goals for the year.It has been a long-held practice for the CPC to solicit suggestions and opinions on major policies and decisions of the CPC and the country from non-Communist parties, leading figures of the All-China Federation of Industry and Commerce and those with no party affiliation.

The Communist Party of China will hold a key meeting in October to discuss the drafting of the 15th Five-Year Plan for national economic and social development.

Authorities expect China's total tax revenue to surpass 85 trillion yuan during the 14th Five-Year Plan period, marking an increase of 13 trillion yuan compared to the previous five-year period.

①China and the US are entering a fresh round of trade talks in Stockholm. What can we expect? (00:39)②China has proposed the creation of a global AI cooperation organization. What's behind the initiative? (11:16)③The US and EU have agreed to a trade deal with a 15% US tariff on most EU goods. Who are the winners and losers? (24:14)④China's tax and fee revenue during 14th Five-Year Plan is expect to top 155 trillion yuan. (34:26)⑤Houthis vow to step up shipping attacks to press Israel on Gaza. (43:32)

 In this powerful episode, Ron Pearce shares a deeply personal and stirring message on the reality of spiritual lostness around the world. Drawing from Scripture and a timeless teaching that impacted his own life, Ron unpacks what it truly means to be lost—and why the urgency of the Gospel has never been greater. With stories from the field and reflections from Luke 13, this episode challenges listeners to grasp the eternal consequences of rejecting Christ and inspires a renewed passion for evangelism. It's a message the Church needs to hear. 

China had more than 1.12 billion internet users as of June 2025, according to a report released by the China Internet Network Information Center on Monday.根据中国互联网络信息中心周一发布的一份报告，截至2025年6月，中国有超过11.2亿互联网用户。The report also noted that internet penetration in China reached 79.7 percent by June 2025, an increase of 1.1 percentage points compared to December 2024.报告还指出，到2025年6月，中国的互联网普及率达到79.7%，比2024年12月提高了1.1个百分点。According to the report, China has made significant strides in internet development during the 14th Five-Year Plan period from 2021 to 2025. In particular, efforts to make the internet more inclusive have allowed key groups, such as the elderly and rural residents, to share in the benefits of this progress.根据报告，中国在2021年至2025年的“十四五”期间在互联网发展方面取得了重大进展。特别是，使互联网更具包容性的努力使老年人和农村居民等关键群体能够分享这一进步的好处。As of June 2025, China had 161 million internet users aged 60 and above, and 322 million living in rural areas. Internet penetration among these groups reached 52 percent and 69.2 percent, respectively.截至2025年6月，中国有1.61亿60岁及以上的互联网用户，其中3.22亿生活在农村地区。这些群体的互联网普及率分别达到52%和69.2%。Meanwhile, the continued development of the internet in China has played a key role in promoting Chinese culture both domestically and internationally, the report said, citing the rising export of Chinese online literature and games, along with the growing synergy between popular web series and related tourist destinations.与此同时，报告指出，中国互联网的持续发展在国内外推广中国文化方面发挥了关键作用，中国网络文学和游戏的出口不断增加，流行网络系列与相关旅游目的地之间的协同作用日益增强。key groupsn.关键人群/kiː ɡruːps/rural areasn.农村地区/ˈrʊərəl ˈeəriəz/

Years of efforts aimed at promoting the country's opening-up and continuously expanding market access for foreign enterprises have gradually paid off. Foreign-funded enterprises now contribute one-third of China's foreign trade, one-fourth of its value-added industrial output, and one-seventh of its tax revenues, and have created more than 30 million jobs over the past five years. It is little wonder therefore that the government should highly value foreign direct investment and always try its best to improve the business environment for foreign capital, so as to make the country a safe and promising destination for foreign investors.多年来，为促进国家对外开放和不断扩大外资企业市场准入所做的努力逐渐取得成效。外资企业目前占中国对外贸易的三分之一，工业增加值的四分之一，税收的七分之一，在过去五年中创造了3000多万个就业机会。因此，毫不奇怪，政府应该高度重视外国直接投资，并始终尽最大努力改善外国资本的商业环境，使该国成为外国投资者的安全和有前景的目的地。The country's 14th Five-Year Plan from 2021 to 2025 set the target of attracting a total of $700 billion in foreign investment, with remarkable progress to be made in both the quantity and quality of utilized foreign investment. Despite the challenges posed by the rise of protectionism and unilateralism in recent years, the utilized foreign investment in China reached $708.73 billion by the end of June, suggesting the country has already achieved its five-year foreign investment target, ahead of schedule.2021年至2025年，中国第十四个五年计划设定了吸引7000亿美元外资的目标，利用外资的数量和质量都将取得显著进展。尽管近年来保护主义和单边主义抬头带来了挑战，但截至6月底，中国利用外资已达7087.3亿美元，表明中国已提前实现其五年外资目标。Statistics from the Ministry of Commerce released on the weekend also indicate that in the first half of this year the number of newly established foreign-invested companies increased by 11.7 percent year-on-year to 30,014, as the country continues to attract foreign capital into high-tech industries such as artificial intelligence, e-commerce, pharmaceuticals and high-end manufacturing.商务部周末发布的统计数据还显示，今年上半年，随着国家继续吸引外资进入人工智能、电子商务、制药和高端制造业等高科技产业，新成立的外商投资企业数量同比增长11.7%，达到30014家。The country's high-tech sector has become a major magnet for foreign capital thanks to its immense potential, with the percentage of utilized foreign investment in China's high-tech sector rising from 28.3 percent of the total in 2019 to 37.4 percent in 2023. In the first half of this year, foreign investment in e-commerce services alone recorded a nearly 130 percent year-on-year surge.由于其巨大的潜力，中国的高科技行业已成为吸引外资的主要力量，中国高科技行业利用外资的比例从2019年的28.3%上升到2023年的37.4%。今年上半年，仅电子商务服务领域的外国投资就同比激增近130%。The development of a highly advanced innovation ecosystem in China has prompted a lot of multinationals to expand their investment in the sector in light of the country's forward-looking strategy. Take BMW for example. The German auto giant plans to establish its first China-based information technology research and development center in Nanjing, which will represent a huge expansion of the company's digital capabilities. The center is set to be BMW's largest IT R&D hub in Asia, and it is designed to strengthen the automaker's global production, sales and after-sales systems through digital solutions rooted in China's rapidly evolving tech landscape. Explaining the decision, Franz Decker, president and CEO of BMW Brilliance Automotive, said during the signing ceremony with the local government on Friday that China "demonstrates remarkable vitality in building a thriving ecosystem for digital innovation".中国高度发达的创新生态系统的发展促使许多跨国公司根据国家的前瞻性战略扩大了对该行业的投资。以宝马为例。这家德国汽车巨头计划在南京建立其第一个中国信息技术研发中心，这将代表该公司数字能力的巨大扩张。该中心将成为宝马在亚洲最大的IT研发中心，旨在通过植根于中国快速发展的技术格局的数字解决方案，加强宝马的全球生产、销售和售后系统。华晨宝马汽车公司总裁兼首席执行官Franz Decker在周五与当地政府的签字仪式上解释了这一决定，他表示，中国“在建立繁荣的数字创新生态系统方面表现出了非凡的活力”。The third China International Supply Chain Expo, which concluded on Sunday in Beijing, has earned a reputation for being a showcase for technological innovation and China's new quality productive forces. The expo highlighted how the country has embraced an innovation-driven development strategy in pursuit of high-quality development, which is expected to bring immense business opportunities for foreign companies. "Here in China ... the technology adoption is so fast," said Jensen Huang, Nvidia CEO, during an interview on the sidelines of the expo, citing how China's innovative applications are setting global trends. "The supply chain of China is a miracle. It is the largest and most complex in the world ... built on deep technology, AI and software."第三届中国国际供应链博览会于周日在北京闭幕，以展示技术创新和中国新型优质生产力而闻名。世博会强调了中国如何采取创新驱动的发展战略，追求高质量的发展，这有望为外国公司带来巨大的商机。英伟达首席执行官黄仁勋在世博会间隙接受采访时表示：“在中国……技术采用如此之快。”他引用了中国创新应用如何引领全球趋势。“中国的供应链是一个奇迹。它是世界上最大、最复杂的……建立在深厚的技术、人工智能和软件之上。”There have been some pointing to the actual use of FDI in China dropping 15.2 percent in the January-June period from a year earlier. Yet it should be noted that was amid a global decline in foreign investment, and the total volume of utilized FDI in China is 423.23 billion yuan, which remains significant. The decline can be attributed to the high comparison base last year. Any attempt to hype that foreign investment is leaving the country is out of ill intent.有人指出，1月至6月期间，中国实际使用的外国直接投资比去年同期下降了15.2%。然而，应该指出的是，在全球外国投资下降的情况下，中国利用的外国直接投资总额为4232.3亿元，仍然很可观。这一下降可归因于去年的高比较基数。任何炒作外国投资正在离开该国的企图都是出于恶意。In the past five years, the rate of return on FDI in China, at nearly 9 percent, still ranks among the highest around the world. It is the consensus among foreign investors that China remains an attractive destination for investment, not only because of its huge growth prospects, but also due to consistent government support aimed at enabling foreign-funded enterprises to achieve even greater success, as exemplified in an action plan that China released early this year to stabilize foreign investment.在过去的五年里，中国的外国直接投资回报率接近9%，仍然是世界上最高的。外国投资者普遍认为，中国仍然是一个有吸引力的投资目的地，这不仅是因为其巨大的增长前景，还因为政府一贯支持外资企业取得更大的成功，正如中国今年年初发布的一项稳定外国投资的行动计划所证明的那样。No matter how the external environment may evolve, China remains firmly committed to high-standard opening-up and always welcomes foreign companies to keep investing in China and explore the Chinese market to enjoy the country's development dividends and progress together.无论外部环境如何变化，中国都坚定地致力于高标准的对外开放，始终欢迎外国公司继续在中国投资，开拓中国市场，共同享受国家的发展红利和进步。multinationaln.跨国公司/ˌmʌltɪˈnæʃənəl/remarkable vitalityn.非凡的生命力/rɪˈmɑːkəbl vaɪˈtælɪti/

Chinese officials say the country has made landmark achievements in commerce development since the 14th Five-Year Plan began in 2021 (01:05). Media reports say mediators including Qatar and Egypt have presented Israel and Hamas with an updated Gaza ceasefire proposal (17:25). The South African finance minister calls for greater global leadership from the G20 (24:15).

Caixin collects the views of five prominent policy experts on China's priorities like innovation and high-quality growth, as the country drafts its next Five-Year Plan amid global uncertainty.  Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: Key Challenges China's Next Five-Year Plan Needs to Tackle Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount.  Group discounts are available — contact us for a customized plan.

Officials say the Chinese economy has demonstrated remarkable resilience during the 14th Five-Year Plan period, with the economic increment projected to exceed 35 trillion yuan.

Chinese Premier Li Qiang is on an official visit to Egypt (01:08). Chinese officials say the country's economic increment from the 14th Five-Year Plan is expected to exceed 35 trillion yuan (04:32). U.S. President Donald Trump threatens more tariffs on copper and pharmaceutical imports (15:29).

①China's economy expanded at an average annual rate of 5.5 percent from 2021 to 2024. What's driving this strong momentum? (00:47)②Once known for its rural terrain and underdeveloped economy, how has Guizhou transformed into China's big-data hub? (14:17)③Emmanuel Macron is on a three-day visit to the UK, as he stresses a special responsibility of the two countries to safeguard European security. (25:06)④Malaysia's Prime Minister Anwar Ibranhim has urged Southeast Asian countries to enhance trade among each other amid global uncertainty. (34:53)⑤Donald Trump has stepped up his criticism of Vladimir Putin after restoring arms shipments to Ukraine. What does this mean for the prospects of a negotiated ceasefire? (45:36)

As the global economy confronts heightened volatility, China is anchoring its strategy in one of its most enduring tools of governance, the five-year plans, to chart a steady course.随着全球经济面临更大的波动，中国正在将其战略锚定在其最持久的治理工具之一——五年计划中，以制定一条稳定的路线。With the 15th Five-Year Plan from2026 to 2030 now under development, policymakers are placing stronger emphasis on innovation, inclusive growth and domestic resilience as anchors for China's high-quality growth.随着第十五个五年计划（2026-30）的制定，政策制定者更加重视创新、包容性增长和国内韧性，将其作为中国高质量增长的支柱。The blueprint will serve as a source of certainty in a world grappling with rising uncertainty, and will present a China solution that shares opportunities with the rest of the world, analysts said.分析人士表示，在一个正在努力应对日益增加的不确定性的世界中，该蓝图将成为确定性的来源，并将提出一个与世界其他地区分享机会的中国解决方案。President Xi Jinping, in setting the tone for the making of the blueprint, reiterated China's twin imperatives: to resolutely manage its own affairs and to press ahead with high-level opening-up, this isa dual strategy aimed at reinforcing resilience at home while deepening engagement with the world.During a meeting with provincial leaders in April, Xi, who is also general secretary of the Communist Party of China Central Committee, highlighted the need to set out goals and policy initiatives sector by sector, all aligned with the overarching objective of basically achieving socialist modernization by 2035.Dong Yu, executive vice-president of the China Institute for Development Planning at Tsinghua University, said that China's five-year plans, enacted upon approval by the nation's top legislature, help stabilize market expectations and ensure the consistency of major policies, unlike the frequent pivots seen in some major economies.清华大学中国发展规划研究院执行副院长董宇表示，中国经最高立法机构批准制定的五年计划有助于稳定市场预期，确保主要政策的一致性，这与一些主要经济体经常出现的支点不同。China launched its First Five-Year Planfrom1953 to 1957, four years after the founding of the People's Republic of China, and the making of the plans has long been a hallmark of China's strategic governance.中华人民共和国成立四年后，中国于1953年至1957年启动了第一个五年计划，该计划的制定长期以来一直是中国战略治理的标志。"What makes the five-year plans so vital is China's long-standing emphasis on medium- and long-term thinking," he said.他说：“五年计划之所以如此重要，是因为中国长期以来一直强调中长期思维。”。"The Party's governance philosophy has consistently prioritized carrying forward and innovating on major policy directions through a forward-looking strategic vision," said Dong, who has taken part in the policymaking process of three previous five-year plans.董曾参与前三个五年计划的决策过程，他说：“党的执政理念始终以前瞻性的战略眼光，优先推进和创新重大政策方向。”。The CPC Central Committee is now organizing the drafting of proposals for the 15th Five-Year Plan. Public consultations — including online solicitations — are now underway, with input being collected from officials, experts and ordinary residents.中共中央正在组织起草“十五”计划方案。公众咨询，包括在线征求意见，目前正在进行中，收集了官员、专家和普通居民的意见。Dong noted that the drafting of the plan has begun earlier than in past cycles to ensure wider participation.董指出，为确保更广泛的参与，该计划的起草工作比以往周期更早开始。The final recommendations will be deliberated by a plenary session of the CPC Central Committee and submitted to the national legislature for approval next year.最终建议将由中共中央委员会决定，明年提交国家立法机构批准。"The scientific formulation and successive implementation of five-year plans is a key governance practice of the CPC and a major political strength of socialism with Chinese characteristics," Xi wrote in an article published in Qiushi Journal, the flagship magazine of the CPC Central Committee.习近平在中共中央旗舰杂志《求是》上发表的一篇文章中写道：“科学制定和连续实施五年计划是中国共产党的一项重要执政实践，也是中国特色社会主义的一项主要政治力量。”。"Practice has shown that medium-and long-term development planning can both harness the decisive role of the market in resource allocation and give better play to the role of the government," Xi wrote.Analysts have pointed out that the 2026 to 2030 period could be a critical window for the world's second-largest economy to fulfill its goal of basically achieving modernization by 2035. They have underlined a more complex global landscape, including rising protectionism and simmering trade tensions, in addition to domestic challenges including the graying population.分析人士指出，2026-30年可能是世界第二大经济体实现到2035年基本实现现代化目标的关键窗口。他们强调了更复杂的全球格局，包括保护主义抬头和贸易紧张局势加剧，以及包括人口老龄化在内的国内挑战。During a meeting in May, the State Council, China's Cabinet, highlighted the need to anchor the nation's development strategy in strengthening the domestic economy and to leverage its inherent stability and long-term growth potential as a buffer against the rising uncertainties of the global economic cycle.在5月的一次会议上，中国国务院强调，需要将国家发展战略锚定在加强国内经济上，并利用其固有的稳定性和长期增长潜力，作为应对全球经济周期日益增加的不确定性的缓冲。Xi has highlighted giving further strategic priority to developing new quality productive forces in alignment with local conditions, and steadily advancing the drive for common prosperity, as key priorities in the next five years.Zhu Keli, founding director of the China Institute of New Economy, said the growth of new quality productive forces, featuring high technology, high efficiency and high quality, will help elevate China's position in global supply chains and build economic resilience and competitiveness over the next five years.中国新经济研究院创始院长朱克利表示，以高技术、高效率和高质量为特征的新型优质生产力的增长，将有助于提升中国在全球供应链中的地位，并在未来五年建立经济韧性和竞争力。"By targeting breakthroughs in core technologies and shoring up critical supply chains, the nation can pioneer the next stage of industrial development," he said.他说：“通过瞄准核心技术的突破和支撑关键供应链，国家可以引领下一阶段的工业发展。”。Zhu also highlighted the significance of expanding high-level opening-up going forward, which will enable the further integration of domestic and global markets.朱还强调了进一步扩大高水平对外开放的重要性，这将使国内和全球市场进一步融合。With birth rates falling and the population aging, expanding access to higher education and easing the burdens of childbearing are likely to become policy priorities.随着出生率下降和人口老龄化，扩大高等教育机会和减轻生育负担可能成为政策重点。"If a more supportive environment for childbearing can be established — one that allows people to better balance work and family life — it would play a critical role in stabilizing the population decline and securing sustainable economic development in the medium to long term," said Dong, from Tsinghua University.清华大学的董说：“如果能够建立一个更加支持生育的环境，让人们更好地平衡工作和家庭生活，这将在稳定人口下降和确保中长期经济可持续发展方面发挥关键作用。”。Li Shi, dean of the Institute for Common Prosperity and Development at Zhejiang University, said the raising of residential income and the narrowing of gaps in wealth and public services should be prioritized to advance the drive for common prosperity.浙江大学共同富裕与发展研究所所长李石表示，应优先提高居民收入，缩小贫富差距和公共服务差距，以推进共同富裕。Meanwhile, more targeted measures should be rolled out to improve the social safety net for people of low-income groups, the majority of whom live in rural areas, he said, adding that one policy direction could be raising the level of pension payments to elderly residents in rural areas.同时，他说，应推出更有针对性的措施，改善低收入群体的社会保障网，其中大多数生活在农村地区。他补充说，一个政策方向可能是提高农村老年居民的养老金水平。CPC Central Committeen.中共中央委员会common prosperityn.共同富裕

Today's top headlines:  Emergency crews respond to drowning at Goose Creek boat ramp ‘Strikes the balance’: Inside the Charleston County Juvenile Detention Center Moncks Corner leaders ask community input for future ordinance Town of Mount Pleasant asks for community feedback on Five-Year Plan Victim’s family testifies in trial for 2022 North Charleston murder Property owners at Dockside suing city over mandatory evacuations Town of Lincolnville water service restored, boil water advisory in effect Kid farmer, now 22, talks inheriting Gullah Geechee family legacy on Johns Island Ground beef sold at Whole Foods recalled due to possible E. coli contamination

Jack, one of the hosts of the Five Year Plan, a Crystal Palace podcast, joins Belz and Vince for to talk about Crystal Palace winning its first-ever major trophy, with Chris Richards as one of its best players on the day. It's a celebration pod!FYP podcast on Apple: https://podcasts.apple.com/us/podcast/fyp-podcast/id373306875On Spotify: https://open.spotify.com/show/5QGuFDpOw2fUBrnAhcTZKt Subscribe to Scuffed on Patreon! Patrons get a private ad-free feed for all episodes that go out on the public feed, plus the Monday Review every week with Watke and Vince. Patrons also get access to some video of clips we discuss on the show, our private Discord server, live call-in shows, and the full catalog of historic recaps we've made: https://www.patreon.com/scuffedAlso, check out Boots on the Ground, our USWNT-focused spinoff podcast headed up by Tara and Vince. They are cooking over there, you can listen here: https://boots-on-the-ground.simplecast.com

① China gears up for its next development blueprint—15th Five-Year Plan—as President Xi calls for high-quality policymaking. (00:45)② The Chinese economy held firm in April, showing resilience amid pressure and maintaining steady growth. (14:32)③ Beijing pushes back against U.S. restrictions, denouncing unjustified curbs on Huawei's AI chip development. (24:21)④ Putin says military op in Ukraine aimed at long-lasting peace after direct talks: media. (35:54)⑤ UK and EU strike post-Brexit reset deal. (43:53)

Welcome to Season 4 of Travel Stories with Moush everyone!  In this inspiring episode, we're joined by travel visionary Haitham Mattar - a pioneer in tourism leadership and the CEO of IHG Hotels (Middle East, Africa and West Asia). From shaping Ras Al Khaimah into an adventure hub to transforming Saudi Arabia's tourism story, Haitham shares powerful insights, incredible travel stories, and a peek into his new book "Pots, Pans, and Five-Year Plans."Destination Highlights:Saudi Arabia, Red Sea Cruise Experience – Haitham joined the first-ever cruise ship to sail in the Red Sea post-pandemic. He visited untouched islands like Sindalah, witnessed crystal-clear waters and vibrant corals and cruised past the Wadi ad-Disah, believed to be where Moses split the sea.           He also believes that Saudi Arabia is a tourism powerhouse in the making.AlUla, Saudi Arabia - A “living museum” with tombs carved into mountains, echoing the Nabataean civilization. According to Haitham, it's a stargazing paradise and one of the most peaceful, spiritual places on earth.Petra, Jordan – A must-visit destination.Lebanon –  He celebrates the ancient city of Byblos, which is one of the oldest continuously inhabited cities in the world and loves the buzz of Beirut, with its diversity, gastronomy and the unique way expats adopt Lebanese culture. The rich history, stunning Mediterranean coastline and enduring charm of Lebanese villages is what makes the country even more special.Oman – An underrated gem according to Haitham. He believes that Oman has major untapped potential in sustainable and adventure tourism.Island of Palau – A sustainability model and a standout example of tourist accountability and community-first tourism.Six Senses Zighy Bay, Oman - A hidden gem offering tranquility, indulgent spa experiences, and adrenaline sports like paragliding.         https://www.sixsenses.com/en/hotels-resorts/middle-east-africa/oman/zighy-bay/Agra, India – Haitham is deeply moved by the Taj Mahal and the profound story of love behind it. He also highlights the Agra Fort as an underrated gem, rich in Mughal architecture and history.Six Senses Barawara, Rajasthan, India – A place where he would like to keep going back to and one that holds a very special place in his heart.                                                                                                                                                                                                                             https://www.sixsenses.com/en/hotels-resorts/asia-the-pacific/india/fort-barwara/Connect with Haitham at:haitham.mattar@ihg.comThank you everyone for tuning in today. I hope our conversations have fueled your wanderlust and inspired you to explore the world in new and exciting ways. Please don't forget to hit that subscribe button on your favorite podcasting channel to keep up with our latest episodes. I would love to know what you think…what kind of travel stories and guests you would like me to cover. So, please do leave a comment, a rating or a review. Do follow me on Instagram and find out who's joining me next week. I'm at @moushtravels. You can also find all the episodes and destinations mentioned by all the guests on my website www.moushtravels.com as well as on the episode show notes. Thanks for listening and until next time safe travels and keep adventuring.  "Want a spotlight on our show? Visit https://admanager.fm/client/podcasts/moushtravels and align your brand with our audience."Connect with me on the following:Instagram @moushtravelsFacebook @travelstorieswithmoushLinkedIn @Moushumi BhuyanYou Tube @travelstorieswithmoush

Chinese President Xi Jinping is stressing efforts to adapt to the changing environment and scientifically plan for social and economic development goals for the 15th Five Year Plan (01"02). Chinese Foreign Minister Wang Yi has joined his counterparts from BRICS countries in backing a statement by chair Brazil on opposing protectionism (11"56). And China's Shenzhou-19 mission is a success with the safe return of the astronauts (15"28).

Most people plan for their finances — but what about their relationships, community, and passions? It's time to take a more holistic approach to your future.In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Aliki Samone, author of Conquer Your Summit: How to Build a Five-Year Plan & Live Your Best Life and The Summit Method: A 3-Step Strategy for Success in Self, Wealth, and Community. Aliki shares her transformative “Summit Method,” which guides individuals in creating a values-based five-year plan that goes far beyond financial goals — touching on relationships, community, and personal growth. In this episode, you will learn:How to apply goal-setting strategies to both tangible and intangible life objectives.Why community and relationship goals deserve a place in your long-term planning — and how to structure them.The importance of visualization, data tracking, and regular check-ins to stay aligned with your plan.What to do when you hit a setback or lose momentum — and how to bounce back with clarity and purpose.And more!Whether you're in a transitional phase or simply seeking more intentionality in life, this episode is packed with practical tools to help you map out and live your vision.Resources:Episode Transcript & Blog | www.conqueryoursummit.com | Conquer Your Summit: How to Build a Five-Year Plan & Live Your Best Life | The Summit Method: A 3-Step Strategy for Success in Self, Wealth, and Community | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call

We've all heard the classic career question: “What's your five-year plan?” But in this episode of Relationships at Work, host Russel Lolacher flips it on its head—asking leaders to consider their five-year plan for their employees. Why? Because true leadership isn't reactive—it's intentional, strategic, and supportive. Russel explores how leaders can align employee growth with organizational goals, share industry insights, and build flexible development roadmaps. It's time to turn career conversations into shared journeys, not solo missions.And connect with me for more great content! Sign Up for R@W Notes Subscribe on Youtube Follow on Linkedin Follow on Instagram Follow me on Threads Follow on TikTok Email me anytime

This week, Jason is joined by a Bachelor fan favorite and one of his great personal friends, Kelley Flanagan! Kelley last joined us on Trading Secrets at the end of 2022 when we dived into her time on The Bachelor, her career as an attorney, and plans for her life as a content creator. Professionally, her content creation career has fully taken off as she shares fashion and lifestyle content with her 1 million plus followers. Personally, she has experienced some of life's hardest moments as she continues to fight her battle with Lyme disease, going through a public breakup, and more recently the loss of her father.  In this episode, Kelley opens up about why she stepped away from podcasts for a few years, the joy she's found in her life, and the personal, financial, and professional impact of moving for a relationship. She discusses how her goals were put on hold during her last relationship, the safety nets she kept, and her new golden rules for dating. Kelley also reflects on her parents' marriage, why she's not stressing about having kids at 33, her thoughts on The Bachelor fanbase, and the truth always coming out. From her Chanel bag journey to the work ethic instilled by her dad, Kelley shares why she doesn't have a five-year plan, whether she'd return to reality TV, and what she would have done differently in regards to the show. Kelley reveals all this and so much more in another episode you can't afford to miss! Host: Jason Tartick Co-Host: David Arduin Audio: John Gurney Guest: Kelley Flanagan Stay connected with the Trading Secrets Podcast!  Instagram: @tradingsecretspodcast  Youtube: Trading Secrets Facebook: Join the Group All Access: Free 30-Day Trial  Trading Secrets Steals & Deals! Hims: Hims is changing men's healthcare by providing you with access to affordable sexual health treatments from the comfort of your couch. Just answer a series of questions on their site and a medical provider will determine the right treatment option. If prescribed, your medication ships directly to you, for free. Start your free online visit today at Hims.com/TRADINGSECRETS Quince: Vacation season is nearly upon us. This year, treat yourself to the luxe upgrades you deserve with Quince's high-quality travel essentials at fair prices. Go to Quince.com/tradingsecrets for 365-day returns, plus free shipping on your order. GEICO: Invest in your future by protecting your car, home, pet, RV, and more with GEICO. Get a quote today at https://on.gei.co/41ppSLv

As China concludes its 14th Five-Year Plan and prepares for the 15th, 2025 ushers in a transformative era focused on green and low-carbon transition, new consumption, and cultivating young talent - all highlighted at this year's Two Sessions. But challenges remain, such as institutional barriers and funding bottlenecks for private enterprises. As green transition and AI take center stage, how can young entrepreneurs reimagine business models to better align with tech innovation and ESG goals? And in the face of emerging consumer trends and global cultural IP expansion, how can young innovators leverage policies to stay competitive?

Chinese President Xi Jinping has called for a successful conclusion of the 14th Five-Year Plan for military development.

Dive into this hilarious and heartfelt episode where Savanna grills Tyler on everything from his five-year plans to his least favorite perfume (spoiler: it's a toe-scented disaster

In this debut episode of The Five Year Plan, host Sam Patching—lifelong Penrith supporter and third-generation diehard—sets the stage for what's to come. Sam dives into the incredible journey of the Panthers' dynasty, reflecting on the team's unprecedented run of success, the leadership behind it, and the players who've stepped up, as well as those we've lost along the way.

Are you chasing financial freedom but unsure where to start? In today's episode, we explore a five-year roadmap to break free from the 9-to-5 grind and live life on your terms. Learn how redefining financial freedom, leveraging real estate, and supercharging your savings can transform your financial future. Whether you're dreaming of early retirement or simply want to pursue fulfilling work without financial stress, this episode will inspire you to take action and design your path to freedom. Don't miss these actionable strategies and real-life insights! Keep reading the article here: https://www.biggerpockets.com/blog/five-year-plan-for-earning-financial-freedom Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices