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An article by Xi Jinping, general secretary of the Communist Party of China Central Committee, on unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting and guiding the development of the nonpublic sector was published on Sunday, sending a clear message again that the country remains committed to bolstering the growth of the private economy.中共中央总书记习近平《关于毫不动摇巩固和发展公有制经济，毫不动摇鼓励、支持、引导非公有制经济发展的重要论述》一文于周日发表，再次发出了国家继续致力于促进民营经济发展的明确信号。The article by Xi, who is also Chinese president and chairman of the Central Military Commission, came nearly one month after he held a special symposium on private enterprises on Feb 17, aiming to boost private businesses. It was published in this year's sixth issue of Qiushi Journal, the flagship magazine of the CPC Central Committee.国家主席、中央军委主席的习近平在2月17日召开民营企业座谈会近一个月后发表了这篇文章，旨在促进民营企业发展。这篇文章发表在中共中央的旗舰杂志《求是》杂志今年第六期上。The article highlighted that China's basic economic system, in which the core principles and policies of the Party and the country regarding the development of the private economy are laid out, has been incorporated into the Constitution of the People's Republic of China and the Party Constitution. The system "will not and cannot be changed", the article said.文章强调，中国的基本经济制度是党和国家关于发展民营经济的核心方针政策，已写入《中华人民共和国宪法》和《中国共产党章程》。文章说，这一制度“不会也不能改变”。The Party and the country ensure that economic entities under all forms of ownership have equal access to factors of production in accordance with the law, can compete on a level playing field, and are protected by the law as equals. This enables them to complement each other and develop side by side, facilitating the healthy development of the nonpublic sector and those working in it, according to the article.党和国家保障各种所有制经济实体依法平等使用生产要素、公平参与竞争、同等受到法律保护。文章称，这使它们能够取长补短、共同发展，促进非公有制经济和非公有制经济人士的健康发展。Both the public and nonpublic sectors are important components of the socialist market economy and an important basis for China's economic and social development, it noted, adding that the two sectors should complement each other and develop in tandem.报告指出，公有制经济和非公有制经济都是社会主义市场经济的重要组成部分，都是中国经济社会发展的重要基础。China's consistent commitment to the development of the private economy, which has been demonstrated in various forms such as policy announcements and high-level meetings, comes at a time when debates on the relationship between State-owned enterprises and private businesses have gained traction.中国对民营经济发展的一贯承诺，已通过政策发布和高层会晤等各种形式表现出来，而此时，关于国有企业与民营企业之间关系的讨论正日益引人关注。In the 1980s, China's private economy started from scratch, but it experienced rapid growth over the past four decades.20世纪80年代，中国民营经济从零起步，但在过去40年中经历了快速发展。In terms of the role of the private economy, Xi's article said that for a long time, the rapid expansion of China's private sector has played an important role in stabilizing growth, powering innovation, increasing employment and raising people's living standards.关于民营经济的作用，习近平在文章中指出，长期以来，中国民营经济快速发展，在稳定增长、推动创新、增加就业、提高人民生活水平等方面发挥了重要作用。Official statistics show that private businesses contribute approximately 50 percent of the country's tax revenue, 60 percent of GDP and 70 percent of technological innovation, and they account for 80 percent of urban employment.官方统计数据显示，私营企业贡献了全国约50%的税收、60%的GDP和70%的技术创新，并占城市就业的80%。Paul Frimpong, executive director and senior research fellow at the Ghana-based Africa-China Centre for Policy and Advisory, said the Chinese government's effective partnership with the private sector has been central to the country's economic success through enhancing prosperity, employment and livelihoods.总部设在加纳的非中政策与咨询中心执行主任兼高级研究员保罗-弗林蓬（Paul Frimpong）说，中国政府与私营部门建立了有效的伙伴关系，通过促进繁荣、就业和生计，对加纳经济的成功起到了核心作用。"By driving GDP growth, creating jobs and fostering innovation, private enterprises underpin the nation's economic resilience," Frimpong said. "By fostering a dynamic and inclusive private economy, China can sustain high-quality growth, improve living standards and enhance global competitiveness."“通过推动国内生产总值增长、创造就业和促进创新，民营企业支撑着国家经济的韧性，"弗林蓬说。“通过培育充满活力和包容性的民营经济，中国可以保持高质量增长，提高人民生活水平，增强全球竞争力。However, China's private enterprises have faced mounting challenges in the past few years, including financing difficulties and concerns about fair competition and legal protections, which, to some extent, have thwarted the confidence of private businesses.然而，在过去几年中，中国民营企业面临着越来越多的挑战，包括融资困难、对公平竞争和法律保护的担忧等，这在一定程度上挫伤了民营企业的信心。To address these challenges, the Chinese government has introduced several key measures since 2023 to enhance the institutional environment for private enterprises. They include a 31-measure guideline to boost the private sector, the establishment of the private economy development bureau of the National Development and Reform Commission, and legislative progress on a law to promote the private economy.为应对这些挑战，中国政府自2023年以来推出了多项重要措施，以改善民营企业的制度环境。这些措施包括31条促进民营经济发展的指导意见、国家发展和改革委员会民营经济发展局的成立以及民营经济促进法的立法进展。Speaking in February at the symposium, which was attended by the nation's leading private entrepreneurs, Xi emphasized that the current difficulties and challenges facing the private sector are partial and temporary, rather than holistic and long-term, and "they can be overcome".今年2月，习近平在全国知名民营企业家座谈会上强调，当前民营经济面临的困难和挑战是局部的、暂时的，不是整体性、长期性的，“是可以克服的”。He also mentioned that this is an opportune moment for private enterprises and entrepreneurs to showcase their talent and significantly contribute to the country's development.他还提到，现在正是民营企业和民营企业家施展才华、为国家发展作出重要贡献的大好时机。Djoomart Otorbaev, former prime minister of Kyrgyzstan and a professor of the Belt and Road School of Beijing Normal University, said the high-level symposium, the first of its kind hosted since 2018, took place amid the complexities of emerging global economic challenges, including heightened geopolitical tensions and regulatory overreach against some of the country's corporate giants.吉尔吉斯斯坦前总理、北京师范大学“一带一路 ”学院教授德约马特-奥托尔巴耶夫表示，此次高级别研讨会是2018年以来举办的首次此类会议，是在全球经济新挑战错综复杂的背景下召开的，这些挑战包括地缘政治紧张局势加剧以及针对该国一些企业巨头的监管过度。"What is certain is that the symposium communicates a clear message of support for private sector entrepreneurs at the highest level, which will inspire much-needed spirit and optimism for renewed growth in China, particularly in its tech sector," Otorbaev said in an article published on the website of the China Global Television Network.“奥托尔巴耶夫在中国环球电视网网站上发表的一篇文章中说："可以肯定的是，此次座谈会传达了最高层支持民营企业家的明确信息，这将激发中国亟需的精神和乐观情绪，促进中国经济的恢复性增长，尤其是在科技领域。According to the Government Work Report delivered by Premier Li Qiang at the annual session of the National People's Congress, the nation's top legislature, on March 5 in Beijing, China will encourage private investment by implementing new mechanisms for public-private partnerships in a well-regulated manner and guiding more private investment toward major infrastructure and public well-being projects, thus creating more opportunities for the development of private capital.根据国务院总理李强3月5日在北京举行的全国人民代表大会（中国最高立法机构）年度会议上所做的《政府工作报告》，中国将鼓励民间投资，规范实施公私合营新机制，引导更多民间投资投向重大基础设施和民生工程，为民间资本发展创造更多机会。Observers said the Chinese government's engagement with private entrepreneurs, as well as ongoing policy refinements, reflect a pragmatic approach aimed at fostering an environment where State-owned and private businesses can thrive together.观察家们认为，中国政府与民营企业家的接触以及不断完善的政策，反映了一种务实的态度，旨在营造一个国有企业和民营企业共同发展的环境。Rather than retreating, the private sector is being empowered to take on new opportunities in sectors such as advanced manufacturing, the digital economy and international trade, they said.他们说，私营企业非但没有退缩，反而在先进制造业、数字经济和国际贸易等领域获得了新的机遇。Huang Hanquan, director of the National Development and Reform Commission's Academy of Macroeconomic Research, emphasized the importance of faithfully implementing the measures to boost the private economy.国家发展和改革委员会宏观经济研究院院长黄汉权强调了认真落实促进民营经济发展措施的重要性。"Many supportive policies have been in place," Huang said in an interview with China Media Group. "The key, however, is to ensure their implementation. It is essential to enable private enterprises to truly feel tangible benefits, to genuinely experience the value and specific advantages of national policies."“许多支持性政策已经出台，”他在接受中国传媒集团采访时说。“但关键是要确保落实。要让民营企业真正感受到实实在在的好处，真正体会到国家政策的价值和具体优势。”reiteratevt.反复地说,重申n.反复地说,重申sectorn. 部门；部分；防御地段；防区；扇形，扇区；象限仪；函数尺holisticadj.全部的infrastructuren.基础设施;基础结构

Chinese policymakers will likely adopt a more pro-growth stance and strengthen "extraordinary countercyclical measures" to spur the economy amid pressing challenges from sluggish domestic demand and external uncertainties, economists said.经济学家表示，面对国内需求疲软、外部不确定性等紧迫挑战，中国政策制定者可能会采取更加倾向于经济增长的立场，并加强“超常规逆周期调节”以刺激经济。They anticipate a new round of stimulus packages focusing on driving domestic demand and boosting consumption to address domestic structural issues, offset the rising headwinds from a grimmer global environment and foster sustainable, high-quality growth in the long run.他们预计，新一轮刺激计划将侧重于拉动内需、促进消费，解决国内结构性问题，抵消全球环境恶化带来的日益加剧的逆风，促进长期的、可持续的高质量增长。The economists also said they believe that measures in the pipeline may include more public borrowing and spending, with a growing shift of policy emphasis to consumption, enhanced financial support for low-income households, and increased spending on the property sector through the buying back of land or by helping developers finish presold homes.经济学家还表示，他们认为即将出台的措施可能包括增加财政支出、政策重点逐渐转向消费、加强对低收入家庭的财政支持、通过回购土地或帮助开发商完成预售房屋来增加房地产行业支出。Their comments came as the market is closely watching how China will draw up growth targets and policies to revive the world's second-largest economy when China's top legislative and political advisory bodies meet for the annual two sessions in early March.这些评论发表之际，中国即将在3月初召开全国两会，而市场正密切关注中国会如何制定增长目标和政策，重振世界第二大经济体。Noting that the broader economy is still facing pressures from a harsher external environment and still-weak domestic demand, Sun Xuegong, director of the department of policy study and consultation at the Chinese Academy of Macroeconomic Research, said that policymakers will likely introduce a package of stimulus measures aimed at boosting market confidence and stabilizing expectations. The academy is part of the National Development and Reform Commission, the country's top economic regulator.中国宏观经济研究院决策咨询部主任孙学工指出，当前经济仍面临外部环境恶化、内需持续疲软的压力，政策制定者可能会推出一系列刺激措施，提振市场信心、稳定市场预期。中国宏观经济研究院是中国最高经济管理部门国家发展和改革委员会的直属研究机构。As authorities pledged to implement extraordinary countercyclical policies this year, Sun highlighted the need to expand fiscal expenditure, with policy focus shifting to spurring consumption.孙学工强调，由于政府已承诺今年实施超常规逆周期政策，有必要扩大财政支出，将政策重点转向刺激消费。"We need a comprehensive policy mix to boost consumption," Sun said in an interview with China Daily. "The government has already announced raising the pension level and providing subsidies to the low-income group. And this year, the country will extend the program of trade-in deals for consumer goods and expand the scope to more fields of consumption."孙学工在接受《中国日报》采访时表示：“我们需要一套综合政策来提振消费。政府已经宣布提高养老金水平，为低收入群体提供补贴。今年，中国还将延长消费品以旧换新计划，并将范围扩大到更多消费领域。”With a series of existing policies taking effect gradually and more supportive measures in the pipeline, Sun said he expects to see a pickup in consumption.孙学工表示，随着一系列现有政策逐步生效，更多支持性措施即将出台，预计消费将有所回升。At a study session held last week by the State Council, China's Cabinet, Premier Li Qiang emphasized boosting consumption and improving people's livelihoods through stronger and more targeted measures, in a bid to strengthen the fundamental role of consumption in driving economic development.2月21日，国务院常务会议召开。会议上，国务院总理李强强调，要通过更有力、更有针对性的措施提振消费、改善民生，增强消费在推动经济发展中的基础性作用。Wang Tao, chief China economist at UBS Investment Bank, said her team expects the government to ramp up fiscal spending to support consumption and the household sector, including more than doubling the size of the trade-in program to over 300 billion yuan ($41.3 billion), creating a subsidy program for families with young children, and increasing the payout level of residents' basic pension and the government contribution to basic social insurance.瑞银证券中国首席经济学家汪涛表示，我们团队预计政府将加大对消费及居民部门的财政支出，包括将消费品以旧换新规模扩大一倍以上至3000亿元人民币（413亿美元）、设立生育和育儿补贴计划、提高城乡居民基础养老金支付水平及政府对基本社保的财政补助水平。"These much-anticipated measures could gradually help underpin household confidence and unleash consumption potential in the long run," Wang said.汪涛表示：“这些市场期待已久的措施有助于逐步提振居民信心、释放长期消费增长潜力。”On the monetary front, Wang said she anticipates that the two sessions will follow the "moderately loose" monetary policy tone set during the Central Economic Work Conference in December, with an explicit call for lowering the funding cost of corporate financing and household credit, cutting reserve requirement ratios and policy rates and enhancing counter cyclical adjustments.汪涛表示，在货币政策方面，她预计两会或将维持2024年12月中央经济工作会议所提出的“适度宽松”的货币政策基调，包括明确要求降低企业融资及居民信贷成本、下调存款准备金率及政策利率、加强逆周期调节。Tian Xuan, associate dean of Tsinghua University's PBC School of Finance, said this year's economic growth target will likely remain at "around 5 percent", the same as last year, reflecting the continuity and consistency of policies and aligning with the country's aspiration that its per capita GDP would reach the level of a moderately developed economy by 2035.清华大学五道口金融学院副院长田轩表示，今年的经济增长目标可能仍保持与去年持平的“5%左右”，体现政策的连续性和一致性，符合中国到2035年人均国内生产总值达到中等发达国家水平的愿望。The expectation of an unchanged growth target comes as China's major economic hubs, such as Beijing and Shanghai as well as Guangdong province, have announced GDP growth goals of around 5 percent for the year.北京、上海、广东等中国主要经济中心已宣布今年GDP增长目标为5%左右，因此预期今年经济增长目标不变。"It would be a goal that we need to strive for and reach with extra effort, which can effectively inspire all the people across the country to work hard together," said Tian, who expects this year's budget deficit-to-GDP ratio to increase to 4 percent or higher.田轩预计今年财政赤字率将提高至4%或以上，他表示：“这将是一个我们需要争取并付出额外努力才能实现的目标，可以有效激励全国人民共同努力。”Lu Ting, chief China economist at Nomura, said a higher fiscal deficit ratio would allow the central government to issue more bonds, ramp up transfers to local governments and alleviate fiscal pressures.野村证券中国区首席经济学家陆挺表示，增加财政赤字率可以让中央政府发行更多债券，增加给地方政府的转移支付，缓解财政压力。Lu said the fiscal stimulus package will likely focus on areas including funding for a trade-in program for equipment upgrades and consumer goods, spending on the property sector through the buying back of land or by helping developers finish presold homes, and financial support for low-income households as well as funding to encourage childbirth.陆挺表示，财政刺激计划可能重点关注以下几个领域：为设备升级和消费品以旧换新计划提供资金；通过回购土地或帮助开发商完成预售房屋来增加房地产行业的支出；为低收入家庭提供财政支持；为鼓励生育提供资金。"The Chinese economy may get off to a relatively good start.…We expect year-on-year real GDP growth to stay at 5 percent in the first quarter," he said.他表示：“中国经济可能迎来一个相对良好的开局……我们预计第一季度实际GDP同比增长率将保持在5%。”The breakthrough of China's homegrown artificial intelligence model DeepSeek has triggered a stock rally that may boost investment and consumption, while the expansion of the trade-in program is stimulating sales of digital goods, he added.他补充说，中国自主研发的人工智能模型DeepSeek的突破性成果引发股市上涨，这可能会促进投资和消费，而扩大以旧换新范围也在刺激数码产品的销售。explicitadj.清楚明白的；明确的

China encourages foreign businesses to expand investment in sectors including advanced manufacturing, modern services, high-tech industries and energy conservation, further advancing its economic openness and innovation-driven growth, government officials said on Thursday.2月20日，政府官员表示，中国鼓励外资企业在先进制造业、现代服务业、高新技术产业、节能环保等领域扩大投资，进一步推动经济开放和创新驱动发展。Speaking at a news conference in Beijing, they said that China will soon introduce the 2025 edition of its industry catalog encouraging foreign investment. The new catalog will further expand market access for foreign investors in key industrial sectors.在北京举行的新闻发布会上，政府官员表示中国将尽快发布2025年版《鼓励外商投资产业目录》。新版目录将进一步扩大外资在重点产业领域的市场准入。Their remarks came after the State Council, China's Cabinet, issued an action plan on Wednesday aimed at stabilizing foreign investment this year.2月19日，国务院公布《2025年稳外资行动方案》，做好今年年稳外资工作。随后相关部门作出上述回应。As part of the plan, China will lift restrictions on domestic loans for foreign-invested businesses, allowing them to use domestic financing for equity investments. It will also support pilot regions in effectively implementing opening-up policies related to areas such as telecommunications, biotechnology and wholly foreign-owned hospitals, offering comprehensive services to facilitate foreign-invested projects in these sectors.方案提出，中国将取消外商投资性公司使用境内贷款限制，允许外商投资性公司使用境内贷款开展股权投资。支持试点地区抓好增值电信、生物技术、外商独资医院领域开放试点政策宣贯落实，对相关领域外商洽谈项目开展“专班式”跟踪服务。Hua Zhong, head of the department of foreign capital and overseas investment at the National Development and Reform Commission, said the new catalog will reflect China's economic growth trends and industrial advancements.国家发展改革委利用外资和境外投资司负责人华中表示，新版目录将反映中国的经济增长趋势和产业进步。"We will collaborate with other government branches to align with high-standard international economic and trade rules in key areas, including intellectual property protection, industrial subsidies, labor rights and government procurement, ensuring compatibility in regulations, management and standards," Hua said.华中说：“我们将与其他政府部门合作，在产权保护、产业补贴、劳动权益、政府采购等重点领域，与高标准国际经贸规则接轨，确保在法规、管理、标准方面的兼容性。”Wang Xiaohong, a researcher at the China Center for International Economic Exchanges in Beijing, said the new catalog is expected to further attract capital into emerging industries, reinforcing China's position as a global hub for high-tech and green development.北京中国国际经济交流中心研究员王晓红表示，新版目录有望进一步吸引资本流入新兴产业，巩固中国作为全球高科技中心和绿色发展中心的地位。Yao Jun, director of the department of planning at the Ministry of Industry and Information Technology, said the government will actively support entrepreneurs and investors from all countries in innovating and starting businesses in China, encouraging foreign companies to establish research and development centers and collaborate with domestic enterprises.工业和信息化部规划司司长姚珺表示，政府将积极支持各国企业家和投资人来华创新创业，鼓励外资企业在华设立研发中心，并与国内企业开展合作。China will promote foreign participation in digital development, green transition and smart manufacturing, as well as facilitate localization of advanced technologies and solutions, Yao added.姚珺补充说，中国将支持外资企业参与中国制造业的数字化、绿色化和智能化发展进程，加快先进技术和解决方案在中国的落地和应用。Foreign-invested businesses in China play a significant role in the economy, contributing one-seventh of tax revenue, about one-third of foreign trade and half of electromechanical and high-tech product exports, as well as creating nearly 7 percent of employment opportunities, according to data from the Ministry of Commerce.据商务部数据显示，在华外资企业在中国经济中发挥着重要作用，贡献了七分之一的税收、约三分之一的进出口、二分之一的机电产品和高新技术产品的出口，创造了近7%的就业机会。To date, foreign investment in China spans 20 industrial categories and 115 major sectors. In the manufacturing sector alone, foreign capital is present in 31 major categories and 548 subcategories.截至目前，外商在华投资已覆盖了20个行业门类、115个行业大类。仅在制造业领域，就有31个大类和548个小类都有外商投资。To further enhance national treatment for foreign-invested enterprises, Ling Ji, vice-minister of commerce and deputy China international trade representative, said the country is actively revising its Government Procurement Law and exploring specific standards for "domestic production" by foreign companies in this area.商务部副部长兼国际贸易谈判副代表凌激表示，为进一步提升外资企业的国民待遇，中国正积极推进政府采购法的修订，研究制定外资企业在政府采购领域“中国境内生产”的具体标准。Despite rising geopolitical tensions and the growing trend of unilateralism and protectionism, Ling emphasized that China's vast market, highly efficient industrial and supply chains, and continuously evolving innovation ecosystem provide a strong foundation and fertile ground for multinational companies to invest and expand in the country.凌激强调，尽管地缘政治紧张局势加剧，单边主义、保护主义明显上升，但中国超大规模市场、完备高效的产业链供应链、持续优化的创新环境，这些都为跨国公司在华投资和扩张提供了坚实的基础和良好的土壤。Noting that the United States' tariff hikes disrupt normal China-US economic and trade cooperation and fail to address its own challenges, Zhu Bing, director of the Commerce Ministry's department of foreign investment administration, said that such measures not only harm foreign-invested enterprises in China, including US companies, but also erode multinational corporations' investment confidence and decision-making abilities.商务部外国投资管理司司长朱冰指出，美国加征关税的做法不仅对中美正常经贸合作造成破坏，也无益于解决自身的问题，既不利于包括美资企业在内的在华外资企业发展，也会干扰跨国公司的投资信心和决策能力。"While some foreign, labor-intensive businesses are adjusting their global footprint and reallocating production capacity based on their strategic priorities and comparative advantages, many multinational corporations are evolving their investment strategies to stay competitive in China," Zhu said.朱冰表示：“虽然有一部分劳动密集型外资企业正在根据其战略重点和国内外比较优势，在全球范围内调整布局、重新分配产能，但许多跨国公司正在调整其投资策略，以保持在中国市场的竞争力。”Several foreign companies have expanded production lines for high-tech products, including high-end displays and new energy batteries, signaling a shift toward advanced manufacturing. Others have increased investment in their research and development centers in China, further upgrading their innovation capabilities.有的外资企业增加了高端显示、新能源电池等一些高技术产品的生产线，向先进制造业转变。还有的企业扩大了在华研发中心的投资，进一步提升其创新能力。For example, Panasonic Holdings Corp of Japan will start construction of a factory in Shanghai in July to produce semiconductor packaging materials, with an investment of 120 million yuan ($16.5 million).例如，日本松下控股公司宣布其生产半导体封装材料的新工厂将于7月在上海破土动工，投资额为1.2亿元人民币（1650万美元）。"China's well-developed supply chain, supportive policies, abundant R&D talent, continuously advancing innovation ecosystem and vast market potential make it an attractive destination for multinational companies," said Tetsuro Homma, executive vice-president of Panasonic.松下执行副总裁本间哲郎表示：“中国完备的供应链、支持性政策、丰富的研发人才、不断优化的创新环境和巨大的市场潜力，让它成为对跨国公司颇具吸引力的投资目的地。”Data from the Ministry of Industry and Information Technology shows that China saw actual use of foreign investment in the manufacturing sector exceed 220 billion yuan in 2024, after it removed all market access restrictions for foreign investors in the sector last year.据工信部数据显示，2024年中国全面取消制造业外资准入限制后，这一年制造业实际使用外资超过了2200亿元人民币。equityn.（公司的）股本；股票

Relevant departments are ramping up efforts to meet the surging travel demand during the upcoming Spring Festival period, aiming to enhance transportation capacity and improve services, officials said at a news conference on Wednesday.1月8日，相关官员在新闻发布会上表示，有关部门正在加大力度，以满足即将到来的春节期间激增的出行需求，提升运输能力并改善春运服务。During the 40-day Spring Festival travel rush, 14,000 trains will operate daily, increasing passenger capacity by 4 percent. An average of 18,500 flights per day will be scheduled, representing an 8.4 percent increase, said Li Chunlin, deputy head of the National Development and Reform Commission.国家发展改革委副主任李春临介绍，在为期40天的春运期间，每日安排旅客列车1.4万列，客座能力同比增长4%。同时，全国日均航班计划1.85万班，同比增长8.4%。"With Spring Festival arriving earlier this year and featuring an extended eight-day holiday, various groups, including students, migrant workers and tourists, will travel simultaneously, putting the transportation system under intense pressure in a short period," Li noted.“今年春节来得早，假期延长至八天，学生、务工、旅游等客流将同时出行，这将使交通系统在短期内承受巨大压力。”李春临指出。The Spring Festival travel rush—during which 9 billion passenger trips are expected to be made across the country—will begin on Tuesday.今年春运将于1月14日开始，预计全国人员流动将达到90亿人次。In terms of rail travel, passenger trips are projected to exceed 510 million, with a daily average of 12.75 million trips, marking a 5.5 percent year-on-year increase, according to Zhu Wenzhong, head of the passenger department at the China State Railway Group, the national railway operator.中国国家铁路集团有限公司（国家铁路运营商）客运部负责人朱文忠表示，全国铁路发送旅客有望突破5.1亿人次，日均1275万人次，同比增长5.5%。New rail lines have been added to routes with high passenger volumes, including those connecting major cities such as Beijing and Shanghai. Notably, the newly built Shanghai-Suzhou-Huzhou high-speed railway and the Jining-Datong-Yuanping high-speed railway will help accommodate the increased demand during the festival, Zhu said.朱文忠介绍，部分客流集中线路已新增高铁通道，包括连接北京、上海等大城市的线路。值得一提的是，新开通的沪苏湖、集大原高铁线路将有助于满足节日期间增加的出行需求。To further support capacity, 185 new Fuxing high-speed train units, capable of traveling 350 kilometers per hour, have been put into service, he said.他说，为进一步增强运力，185组新造的时速350公里复兴号动车组已投入使用。In areas with concentrated passenger flows before the festival, 1,724 pairs of long-distance trains will be scheduled, an increase of 64 pairs. During peak periods, 329 pairs of long-distance trains will operate at night, representing a 38-pair increase, according to Zhu.朱文忠表示，节前在客流集中地区每日安排开行长途列车1724对、同比增加64对。客流高峰期安排开行夜间长途列车329对、同比增加38对。Xu Qing, director of the transport department of the Civil Aviation Administration of China, said that the administration has made comprehensive arrangements to accommodate a record 90 million passenger trips by air during Spring Festival.中国民航局运输司司长徐青表示，预计春运航空旅客运输量将达到9000万人次，创同期历史新高，对此民航局已作出全面安排。"Flight safety remains a top priority. In 2024, the total number of transport flights has risen by 12.3 percent compared to 2019, while the rate of accidents and delays caused by transportation aviation per 10,000 hours has decreased by 74.6 percent," Xu said.“飞行安全仍是重中之重。2024年，运输航班总数较2019年增长12.3%，而运输航空责任原因征候万时率下降74.6%。”徐青说。Self-driving is expected to be the dominant mode of travel, with an estimated 7.2 billion trips forecast, accounting for 80 percent of total nationwide travel, according toLi.李春临指出，自驾将成为主要的出行方式，预计达到72亿人次，占全国出行总人次的80%。Wang Qiang, director of the traffic management bureau of the Ministry of Public Security, pointed out that targeted measures are in place to address potential hazards on the roads and ensure safe travel. Authorities will also release timely traffic updates to keep the public informed during the travel rush.公安部交通管理局局长王强透露，为消除道路安全隐患、确保出行安全，公安部已部署针对性措施。春运期间，相关部门还将及时发布最新交通信息，让公众随时了解路况。The widespread availability of charging stations—covering 97 percent of highway service areas across the country—will support the increasing use of electric vehicles during the travel rush, according to Gao Bo, head of the Ministry of Transport's transport services department.交通运输部运输服务司负责人高博表示，充电站已广泛普及，覆盖了全国97%的高速公路服务区，将为春运期间电动汽车使用量的增加提供有力保障。Spring Festival will coincide with frequent cold air events, though they are expected to be of low intensity. Two cold fronts are forecast to occur before the holiday, from Jan 14 to 16 and Jan 24 to 27, bringing low temperatures to most regions, said Wang Yawei, head of the emergency disaster reduction and public service division at the China Meteorological Administration.中国气象局应急减灾与公共服务司司长王亚伟表示，春节期间冷空气活动频繁，但强度总体偏弱。预计节前将有两股冷空气，分别出现在1月14日至16日和1月24日至27日，届时大部分地区气温将下降。Wang advised local authorities to strengthen efforts in preventing and mitigating the effects of snowfall, icing and low visibility on roads caused by cold weather.王亚伟建议各地有关部门加强防范和减轻因寒冷天气导致的降雪、结冰、低能见度对道路交通的影响。projectv.预计，推算

China aims to significantly reduce per capita food waste and bring grain loss rates below the global average by the end of 2027, according to a recently introduced action plan.根据近日印发的行动方案，中国致力于大幅减少人均粮食浪费，目标是到2027年年底，粮食损失率控制在国际平均水平以下。The plan to boost grain conservation and curb food waste was issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council, China's Cabinet.近日，中共中央办公厅、国务院办公厅印发了《粮食节约和反食品浪费行动方案》。The plan sets targets for reducing food waste and enhancing grain efficiency nationwide, from production and storage to processing and consumption.该方案设立了在全国范围内降低粮食和食品损耗浪费的目标，涉及粮食生产、储存、加工和消费等各环节。It emphasizes the application of advanced technologies and high-efficiency machinery to minimize grain loss during harvesting, and farmers will be supported through subsidies and training in precision harvesting techniques.该方案强调应用先进技术和高效机械，强化粮食机收减损，并通过补贴政策和专业农机手培训为农民提供支持。Promoting scientific grain storage methods and building high-standard granaries are key to reducing grain loss in storage, according to the plan. Green storage initiatives and smart grain storage technologies will enhance the preservation of stored grain, it said.该方案指出，推广科学储粮方法和建设高标准粮仓是减少粮食储存损失损耗的关键。绿色储粮技术和智慧粮库建设有助于优化粮食储存的效果。Investment in modern transportation infrastructure such as specialized railways and terminals will reduce grain losses during transit, the plan said, encouraging the adoption of innovative logistics solutions for efficient grain transportation.方案强调，深入推进铁路专用线、专用码头等现代化运输基础设施建设有利于减少运输过程中的粮食损耗，并鼓励采用创新物流模式来实现粮食高效运输。It promotes moderate grain processing standards, higher yield rates of grain and oil, and the use of byproducts such as bran and germ to maximize the use of grain.该方案提倡适度的粮食加工标准，提高粮油出品率，并加强米糠、麸皮、胚芽等粮油加工副产物资源化利用。It also aims to promote public awareness through educational campaigns and activities, including encouraging families to adopt healthier eating habits and expanding the nationwide Clean Plate campaign, which urges diners to order responsibly and minimize leftovers.同时，方案旨在通过开展教育活动提升全民节粮意识，包括鼓励家庭养成健康饮食习惯，以及深化全国范围内的“光盘行动”，敦促用餐者按需适量点餐并尽量减少剩菜剩饭。Key sectors targeted in the plan include the food service industry, the workplace and school canteens.该方案针对的主要部门包括餐饮服务业、工作场所和学校食堂。Restaurants are encouraged to promote smaller portion sizes and actively remind customers to avoid excessive ordering. Mechanisms such as savings rewards and food donations to charities are being incentivized, it said.方案指出，要引导餐饮服务经营者积极推广小份餐品，加强按需适量点餐提醒。同时还鼓励建立发放节约奖励、向有关福利机构捐赠食品等机制。Schools are encouraged to adopt practices such as meal weighing and customized menu options, while State-owned organizations and enterprises are urged to arrange food portions in canteens appropriately, according to the plan.该方案鼓励学校采用称重取餐和定制菜单等做法，同时敦促机关食堂和国有企业食堂合理安排饭菜份量。China plans to establish a statistical framework for monitoring food loss and waste across sectors, including production, transportation and retail, as well as household consumption. Regular surveys and evaluations will inform policy adjustments and strengthen enforcement, according to the plan.根据该方案，中国计划建立健全统计调查制度，用于监测生产、运输、零售以及家庭消费等各环节的粮食损失和食品浪费情况。此外，常态化调查和评估将为政策调整和加强执法提供依据。The country's efforts to promote food conservation and combat food waste still face various challenges and contradictions, an official with the National Development and Reform Commission said on Monday.11月25日，国家发展改革委有关负责人介绍，中国在推动节约粮食和反对浪费方面的努力仍面临各种挑战和矛盾。Data on food loss and waste remains weak, and statistical investigations and assessments are not fully established. In particular, the catering sector sees significant waste from business banquets and celebrations for weddings and funerals, the official said. The introduction of the action plan aims to foster strong cooperation and encourage the habits of practicing frugality and opposing waste, the official added.该负责人指出，中国粮食损失和食品浪费数据基础薄弱，统计调查评估制度还不完善，特别是餐饮消费环节中商务宴请、红白喜事等浪费严重。该行动方案的发布旨在促进强有力的合作，鼓励大众养成节约粮食和反对浪费的习惯。granaryn. 粮仓Clean Plate campaign光盘行动frugalityn. 节约；朴素meal weighing称重取餐

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/environmental-studies

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

From the U.S. lead negotiator on climate change, an inside account of the seven-year negotiation that culminated in the Paris Climate Agreement in 2015—and where the international climate effort needs to go from here. The 2015 Paris Agreement on climate change was one of the most difficult and hopeful achievements of the twenty-first century: 195 nations finally agreed, after 20 years of trying, to establish an ambitious, operational regime to address one of the greatest civilizational challenges of our time.  In Landing the Paris Climate Agreement: How It Happened, Why It Matters, and What Comes Next (MIT Press, 2024), Todd Stern, the chief US negotiator on climate change, provides an engaging account from inside the rooms where it happened: the full, charged, seven-year story of how the Paris Agreement came to be, following an arc from Copenhagen, to Durban, to the secret U.S.-China climate deal in 2014, to Paris itself. With a storyteller's gift for character, suspense, and detail, Stern crafts a high-stakes narrative that illuminates the strategy, policy, politics, and diplomacy that made Paris possible. Introducing readers to a vivid cast of characters, including Xie Zenhua, Vice Minister of China's National Development and Reform Commission, Bo Lidegaard, chief strategist for Denmark's Prime Minster, and Indian minister Jairam Ramesh, Stern, who worked alongside President Barack Obama and Secretaries of State John Kerry and Hillary Clinton, depicts the pitfalls and challenges overcome, the shifting alliances, the last-minute maneuvering, and the ultimate historic success. The book concludes with a final chapter that describes key developments since 2015 and the author's reflections on what needs to be done going forward to contain the climate threat. A unique peek behind the curtain of one of the most important international agreements of our time, Landing the Paris Climate Agreement is a vital and fascinating read for anyone who cares about the future of our one shared home. Todd Stern is a nonresident senior fellow at the Brookings Institution and a nonresident distinguished fellow at the Asia Society, concentrating on climate change. He served from January 2009 until April 2016 as the Special Envoy for Climate Change at the Department of State, where he was President Barack Obama's chief climate negotiator. Caleb Zakarin is editor at the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Motivated by China's complete removal of market access restrictions for foreign investors in the manufacturing sector, executives from multinational corporations attending the seventh China International Import Expo said they will deploy more resources in the country, with a particular focus on high-end manufacturing.在中国全面取消制造业领域外资准入限制措施的推动下，参加第七届中国国际进口博览会的跨国公司高管表示，他们将在中国部署更多资源，尤其关注高端制造业。This year's CIIE, scheduled in Shanghai from Tuesday to Nov 10, will debut more than 400 new products, technologies and services across advanced sectors, including high-end equipment, advanced materials and marine engineering products, according to the Ministry of Commerce.据商务部消息，今年的中国国际进口博览会于11月5日至10日在上海举办，届时将有400多项代表性新产品、新技术、新服务将亮相，涉及高端装备、先进材料和海洋工程产品等先进领域。The latest edition of China's national negative list for foreign investment, which took effect on Friday, has removed the last two manufacturing-related restrictions, further opening the sector to global investors, according to the National Development and Reform Commission.国家发展改革委称，11月1日起施行的最新版全国外资准入负面清单删除了制造业领域仅剩的2条限制措施，进一步向全球投资者开放了该行业。Attracted by China's innovation capability, business model transformation and bilateral and multilateral free trade deals, many global manufacturers are increasingly inclined to invest in new innovation centers, expand production capacities and advance digital transformation initiatives within the country, said Sun Xiao, secretary-general of the China Chamber of International Commerce.中国国际商会秘书长孙晓表示，受中国创新能力、商业模式转型以及双边和多边自由贸易协定的吸引，许多全球制造商越来越倾向于在中国投资新的创新中心，扩大产能，并推进数字化转型计划。For China, the manufacturing industry is the earliest sector to open up to foreign investors, and it is also the most competitive, with a high level of integration with the global industrial division of labor, said Sun.孙晓指出，制造业是中国开放最早的领域，也是市场竞争最充分、全球产业分工合作最紧密的领域。Schneider Electric, a French industrial and technology group and a seven-time participant at the CIIE, will present at this year's event new concepts, products, services and applications that combine digital, automation and electrification technologies, underscoring its commitment to China through its "China Hub" strategy.施耐德电气是一家法国工业和技术集团，七次参加了中国国际进口博览会。它将在今年的展会上展示结合数字化、自动化和电气化技术的新概念、新产品、新服务和新应用，通过其“中国中心”战略强调对中国的投入。Yin Zheng, executive vice-president of Schneider Electric's China and East Asia operations, said that China has become Schneider Electric's second-largest market in the world and one of its four global research and development bases.施耐德电气执行副总裁、中国及东亚区总裁尹正表示，中国已经成为施耐德电气全球第二大市场和全球四大研发基地之一。"Through the CIIE, a world-class communication platform, we aim to continuously deepen ecosystem cooperation and work with more Chinese industrial partners to jointly build new quality productive forces," he added.“通过进博会这一世界级交流平台，我们旨在不断深化生态系统合作，与更多中国工业合作伙伴携手，共同打造新质生产力。”尹正补充道。Arthur Xu, president for China at Danfoss Group, a Danish engineering company, said that Danfoss will bring its products and solutions in the data center, water and wastewater treatment, marine, food and beverage, and heat recovery fields, among others, to the CIIE this year. These proven solutions will offer unique value for China's green transition, he said.丹麦工程公司丹佛斯中国区总裁徐阳表示，丹佛斯将携其在数据中心、水和污水处理、船舶、食品饮料、热回收等行业产品和解决方案参加今年的进博会。他表示，这些成熟的解决方案将为中国的绿色转型提供独特价值。In addition to plans to begin construction in April in Jiaxing, Zhejiang province, on its new manufacturing facility, which will be one of the biggest production sites in Danfoss' history, the company also announced in September that it has completed construction of a work campus in Nanjing, Jiangsu province.丹佛斯计划于今年4月在浙江嘉兴开工建设新的生产设施，这将是丹佛斯历史上最大的生产基地之一；此外，丹佛斯还于今年9月宣布已完成江苏南京工作园区的建设。The new campus is dedicated to the innovation and production of specialized transistor modules as well as electric and hybrid power train systems.新园区致力于专业晶体管模块以及电动和混合动力系统的创新和生产。With the structure of foreign investment continuing to be optimized, China saw the high-tech manufacturing sector use 77.12 billion yuan ($10.87 billion) in foreign direct investment in the first three quarters of 2024, accounting for 12 percent of the national total, according to the Ministry of Commerce. That is an increase of 1.5 percentage points from the same period last year.随着外商投资结构的不断优化，商务部数据显示，2024年前三季度，中国高技术制造业使用外商直接投资771.2亿元（约108.7亿美元），占全国总量的12%，比去年同期增加1.5个百分点。Tang Wenhong, assistant minister of commerce, said that China's well-developed industrial system, commitment to continued openness, and efforts to scale up high-tech manufacturing remain key drivers for foreign manufacturers' investment in the country.商务部部长助理唐文弘表示，中国发达的工业体系、持续开放的承诺以及扩大高技术制造业规模的努力，仍然是外国制造商在中国投资的主要驱动力。Nipsea Group, a Singapore-based paint and coating manufacturer, will make its debut as a participant at the CIIE this week with a 300-square-meter booth.总部位于新加坡的油漆和涂料生产商立时集团将首次参加本周举行的进博会，展位面积达300平方米。"This year, we have officially transitioned from being a witness to a participant at the CIIE, presenting our latest products and technology solutions," said Eric Chung, CEO of Nippon Paint China, a subsidiary of Nipsea Group.“今年，我们正式从进博会的见证者转变为参与者，展示我们的最新产品和技术解决方案。”立时集团子公司立邦中国区首席执行官钟中林说。"This move not only underscores our unwavering commitment to the Chinese market, but also reflects our firm determination to contribute to the high-quality development of China's economy," Chung said, adding that the company will showcase its newest automotive coatings and marine paint products at the expo.“此举不仅彰显了我们对中国市场的坚定信心，也体现了我们为中国经济高质量发展做出贡献的决心。”钟中林表示，公司将在进博会上展示其最新的汽车涂料和船舶涂料产品。debutn. 首次亮相electrificationn．电气化coatingn. 涂料，涂层high-end manufacturing高端制造业

China's economic growth is expected to strengthen on a sequential basis amid the latest stimulus package and with more incremental policies in the pipeline, translating into over 5 percent year-on-year growth in the fourth quarter, analysts and economists said on Sunday.10月13日，分析人士和经济学家表示，在最新的经济刺激计划和一揽子增量政策的推动下，中国经济增长有望连续走强，第四季度同比增长将超过5%。They said a long-awaited policy shift is unfolding for China's economy and markets, as policymakers have pledged to strengthen countercyclical adjustment and step up fiscal policy support. This will include the largest debt resolution support in recent years, with a particular focus on addressing pressing challenges such as the prolonged housing downturn, debt issues and sluggish domestic demand.他们认为，由于决策者宣布加强逆周期调节、加大财政政策支持力度，中国经济和市场正在发生期待已久的政策转变。这将包括近年来最大规模的债务化解支持，尤其是重点解决住房长期低迷、债务问题和内需不振等紧迫挑战。Their comments came as data from the National Bureau of Statistics showed on Sunday that China's consumer prices rose at a slower pace in September, while the decline in factory gate prices continued, pointing to pressures on the world's second-largest economy and intensifying the need to roll out more incremental policies.国家统计局13日公布的数据显示，9月份中国居民消费价格涨幅放缓，出厂价格继续下降，这表明中国作为世界第二大经济体面临的压力，更有必要推出更多增量政策。The country's consumer price index, the main gauge of inflation, rose 0.4 percent year-on-year in September, compared with a 0.6 percent increase in August. The producer price index, which gauges factory gate prices, dropped 2.8 percent last month, widening from a 1.8 percent fall in August, the NBS said.国家统计局称，作为衡量通货膨胀的主要指标，9月份全国居民消费价格指数（CPI）同比上涨0.4%，而8月份的涨幅为0.6%；工业生产者出厂价格指数（PPI）上个月下降2.8%，降幅比8月份的1.8%有所扩大。"The slower CPI growth in September was mainly due to still-weak domestic demand, seasonal factors and the high comparison base in the previous year, while the deeper PPI drop was influenced by falling commodity prices, especially in the energy sector," said Zhou Maohua, a researcher at China Everbright Bank.光大银行研究员周茂华表示：“9月份CPI增速放缓的主要原因是国内需求依然疲软、季节性因素和去年对比基数较高，而PPI降幅加深则是受大宗商品价格下跌，尤其是能源行业的影响。”Shen Bing, director-general and a senior research fellow at the market and price research institute of the Chinese Academy of Macroeconomic Research, said the growth in CPI is expected to register a mild recovery while maintaining overall stability in the fourth quarter of the year.中国宏观经济研究院市场与价格研究所所长、高级研究员申兵表示，预计今年第四季度CPI增速将在保持总体稳定的基础上温和回升。This is because consumer demand has shown signs of pickup, with the sales of passenger vehicles and home appliances having improved, a trend that would be consolidated upon the implementation of incremental policies to expand domestic demand, Shen said.申兵解释，这是因为消费需求出现了回暖迹象，乘用车和家电的销售都有所改善，这一趋势将在扩大内需的增量政策实施后得到巩固。On Saturday, the Ministry of Finance announced plans to soon introduce a comprehensive package of new targeted policy measures, with a key focus on improving the financial situations of local governments, facilitating the stabilization of a bottomed out property market, and enhancing the risk resilience and credit allocation capabilities of major banks, among other things.10月12日，财政部宣布将在近期推出一揽子有针对性的增量政策举措，重点是改善地方政府财政状况，支持推动房地产市场止跌回稳，以及提升大型银行抵御风险和信贷投放能力等。The ministry said there is still ample room for the central government to borrow and increase its deficit. It plans to enhance the large-scale debt limit at once, replace the hidden debt of local governments, and increase support for local governments to resolve debt risks.财政部表示，中央财政还有较大的举债空间和赤字提升空间，拟一次性增加较大规模债务限额置换地方政府存量隐性债务，加大力度支持地方化解债务风险。Chang Haizhong, executive director of corporates at rating agency Fitch Bohua, said this policy is the largest supportive debt measure introduced in recent years and will greatly alleviate the pressure on local governments.评级公司惠誉博华工商企业部执行总监常海中表示，这一政策是近年来出台的最大的支持性债务措施，将大大缓解地方政府的压力。"It is expected that the hidden debt of local governments may be replaced in large part by increasing the issuance of treasury bonds in the future," he said.常海中说：“预计今后地方政府的隐性债务可能会在很大程度上通过增发国债来置换。”According to Chang, the current economic growth is under pressure and fiscal revenue is lower than expected, making some local governments more stretched financially.常海中认为，当前经济增长压力较大，财政收入低于预期，使得一些地方政府财政更加紧张。"Once implemented, this policy will substantially reduce local fiscal pressure, unleashing fiscal funds for economic development and ensuring people's livelihoods. At the same time, the balance sheets of local government financing vehicles will also be strengthened," he said.“这一政策一旦实施，将大幅减轻地方财政压力，释放财政资金用于经济发展和保障民生。同时，地方政府资产负债表也将得到改善。”常海中说。Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said his team estimates that the size of the announced fiscal stimulus package will be at least 4 trillion yuan ($566 billion), surpassing market expectations.东方金诚首席宏观分析师王青表示，他的团队估计，已宣布的财政刺激计划规模将至少达到4万亿元人民币（约5660亿美元），超出市场预期。"It will directly drive GDP growth in the fourth quarter to rise above 5 percent, thereby helping achieve the annual growth target of around 5 percent this year," he added.王青补充：“这将直接推动第四季度GDP增长率升至5%以上，从而有助于实现今年5%左右的年度增长目标。”Lu Ting, chief China economist at Nomura, said he believes that much of the incoming fiscal stimulus will likely be used to fill the fiscal gap faced by local governments.野村证券中国首席经济学家陆挺认为，即将出台的财政刺激政策很可能会被用于填补地方政府面临的财政缺口。"In addition to the 200 billion yuan for strategic projects announced by the National Development and Reform Commission, we expect the country to increase fiscal transfers to local governments and give them a large quota for borrowing," he said.陆挺表示：“除了国家发展改革委宣布的2000亿元中央投资计划外，我们预计国家还将增加对地方政府的财政转移支付，并给予地方政府大量债券额度。”Lu added that policymakers might consider an increase in spending on social security to help those with lower incomes and to encourage childbirth, and they will likely provide funding to those presold residential projects that have been delayed.陆挺补充，决策者可能会考虑增加社会保障支出，以帮助低收入群体，并鼓励生育，且很可能会为那些被推迟的预售住宅项目提供资金。sequentialadj. 按次序的，相继的countercyclicaladj. 逆周期的unleashv. 释放consumer price index居民消费价格指数producer price index工业生产者出厂价格指数

Welcome to this week's AHR market review for the week ending 13th October 2024. The US equity markets surged to fresh record highs this week, while emerging markets, particularly China, saw a pause following their recent rally spurred by stimulus measures. In the United States, inflation data revealed a modest increase. The consumer price index (CPI) rose by 0.2% in September, matching the previous month's rise. On an annual basis, inflation eased to 2.4%—the smallest increase since February 2021—down from a 2.5% rise the previous month. Also, during the week, earnings season began in earnest, with two major US banks posting strong third-quarter results, helping to lift their shares. Following the recent rally in Chinese equities, China's National Development and Reform Commission reiterated its commitment to ramping up countercyclical measures to support growth. Across global markets, US equities rose more than 1% for the week, led by financial stocks. That's all for this week's AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com. 

China has announced measures to boost domestic consumption and revive the housing market as it seeks greater economic growth. China's top economic planner, the National Development and Reform Commission, says it will implement various supportive policies to boost economic growth further. This comes after officials implemented a series of stimulus policies in late September. What effects can we expect from these stimulus measures? What's the outlook for China's economy for the rest of the year?

As there have been more signs recently of a bull run in the A-share market, including soaring indexes and the stratospheric level of the trading volume, more economic stimulus policies as well as investors' patience are equally important to further consolidate the upward trend of Chinese equities, said experts.专家表示，由于近期A股市场已出现诸多牛市到来的迹象，比如指数飙升、交易量达到历史最高水平，要进一步巩固中国股市的上升趋势，十分需要更多的经济刺激政策和投资者的耐心。Resuming after the National Day holiday, the benchmark Shanghai Composite Index gained 4.59 percent to close at 3489.78 points on Tuesday, while the Shenzhen Component Index surged 9.17 percent. The technology-focused ChiNext in Shenzhen spiked 17.25 percent. Semiconductor, software development and securities companies led Tuesday's rally.国庆长假后复盘，上证综指10月8日涨4.59%、报3489.78点，深证成指涨9.17%，创业板指涨17.25%，半导体、软件开发和证券公司引领了该日涨势。The combined trading value at the Shanghai and Shenzhen bourses stood at 3.45 trillion yuan ($490 billion) on Tuesday, surpassing the previous record of 2.6 trillion yuan on Sept 30, the last trading day before the holiday.10月8日，沪深两市成交额达3.45万亿元（约4900亿美元），刷新了节前最后一个交易日9月30日创下的2.6万亿元成交金额历史纪录。The A-share market's rally on Tuesday came as officials of the National Development and Reform Commission, China's top economic regulator, said on the same day that the country will launch a batch of incremental policies to promote the sustained economic recovery and development.10月8日，中国最高经济监管机构——国家发展改革委表示，将加力推出一揽子增量政策，推动经济持续回升向好。同日，A股市场反弹。"China is confident of maintaining steady and healthy economic growth and achieve the full-year growth target," said Zheng Shanjie, head of the NDRC, at a news conference on Tuesday, adding that more efforts will be made to strengthen the countercyclical adjustments for macroeconomic policies.“我们对实现全年经济社会发展目标任务充满信心，对保持经济社会持续平稳健康发展充满信心。”国家发展改革委主任郑栅洁10月8日在国新办新闻发布会上表示，将加大宏观政策逆周期调节。The incremental policies released in late September attached greater importance to improving the quality of economic growth, supporting the real economy, facilitating the sound development of market entities, and coordinating high-quality development and high-level security, he said.郑栅洁介绍，9月下旬起发布的一揽子增量政策更加注重提高经济发展质量，更加注重支持实体经济和经营主体健康发展，更加注重统筹高质量发展和高水平安全。Since Sept 24, the country's top regulators have come up with supportive measures covering the financial sector, the property market, and support to the real economy, among others.自9月24日以来，国家最高监管机构已陆续出台了涵盖金融业、房地产市场和支持实体经济等方面的支持措施。The measures will be better used to spur more development potential and better achieve this year's growth target, said Zheng.郑栅洁表示，这些措施将更好地激发更多发展潜力，推动实现今年的增长目标。Meanwhile, continued efforts will be made to boost the capital market, according to Zheng. More effective and comprehensive measures will be introduced to vigorously guide the inflow of long-term capital. Blockages preventing the smoother entry of social security funds, as well as insurance and wealth management funds into the capital market should be removed.与此同时，郑栅洁强调，将继续努力提振资本市场。有关部门将采取有力有效的综合措施，大力引导中长期资金入市，打通社保、保险、理财等资金入市堵点。Public companies will be supported in mergers and acquisitions as well as restructuring. The reform of mutual funds should be advanced steadily, and efforts will be made to promulgate measures to protect individual investors, said Zheng, noting that these policies will be released at a faster pace.支持上市公司并购重组，稳步推进公募基金改革，研究出台保护中小投资者的政策措施。郑栅洁指出，目前各项政策正在加快推出。Liu Gang, managing director of China International Capital Corp, said the measures announced in September had exceeded market expectations and rekindled investors' passion, emphasizing the financial measures' support for the stock market.中金公司研究部董事总经理刘刚强调了金融措施对股市的支持。9月份公布的各项政策超出市场预期，重新点燃了投资者的热情。These have served as a driver for the recent bullish performance of the A-share market. But the market's future performance will be determined by the pace and scale of successive policies, especially fiscal policies, Liu said.刘刚表示，这些都是近期A股市场“走牛”的驱动力。但市场未来的表现将取决于后续政策的步伐和规模，尤其是财政政策。Luo Zhiheng, chief economist at Yuekai Securities, said that fiscal and property market policies should better coordinate with the recently released monetary policies to stabilize investors' confidence and expectations. Increasing the scale of this year's budget deficit, accelerating the issuance of special bonds, granting subsidies to special groups of people and the issuance of additional treasury bonds can be possible options in terms of supportive fiscal measures, he said.粤开证券首席经济学家罗志恒表示，财政政策和楼市政策应更好地配合近期发布的货币政策，以稳定投资者的信心和预期。在支持性财政措施方面，增加今年的预算赤字规模、加快发行专项债券、对特殊人群发放补贴、增发国债等都是可能的选择。China may adopt moderate fiscal stimulus of about 1.5 to 2 trillion yuan in the short term, which is also a reasonable level, said Wang Tao, chief China economist at UBS Investment Bank.瑞银亚洲经济研究主管及首席中国经济学家汪涛表示，更为合理的预期是短期内政府出台1.5-2万亿元较为温和的财政刺激政策。Chen Guo, chief strategist at China Securities, said that the Chinese stock market's recent bullish performance is supported by the revaluation of Chinese assets and recovered confidence. But a well-grounded overall bull run still needs time, especially the further improvement of economic fundamentals. Investors should have patience for the medium term, he said.中信建投证券首席策略官陈果表示，中国股市近期的牛市迹象得益于中国资产价值重估和信心的恢复。但全面牛市启动仍需要时间，特别是经济发展基本面的进一步改善，投资者应葆有耐心。Noting that the A-share market will enter a period of sustainable growth in the medium term, during which fluctuations cannot be avoided, Zhang Qiyao, chief strategist at Industrial Securities, said there is still room for a rise in the short run. Investors should watch for how long the bullish trend will last rather than focus on short-term peaks, he said.兴业证券首席策略分析师张启尧表示，A股市场将进入中期持续增长期，期间难免出现波动，但短期内仍有上涨空间。相较于关注短期高峰，投资者更应关注牛市趋势将持续多久。In a report released on Monday, analysts from Goldman Sachs raised 10 reasons to increase exposure to A-shares, including strong economic stimulus, upbeat investors' mood, undervalued Chinese equities, companies' improving earnings and a relaxed external environment.在10月7日发布的研报中，高盛分析师提出了看涨中国股市的十大理由，其中包括强劲的经济刺激、上升的投资者情绪、中国股票估值仍有折价、企业盈利前景改善以及宽松的外部环境。consolidatev. 巩固；加强；合并spikev. 飙升，上涨stratosphericadj. 平流层的；高层次的incrementaladj. 增加的，增量的bullishadj. 股票行情看涨的；乐观的

Following the A-share market's recent robust recovery buoyed by a number of stronger-than-expected stimulative policies, increasingly confident investors are attaching more attention to the stock market, whose upward momentum can be further consolidated by more supportive measures and the ongoing optimization of China's economic growth, said industry experts.Preparations were made during the National Day holiday, which ended on Monday. The Shanghai Stock Exchange announced on Sunday that it will add an extra five minutes, from 9:25 to 9:30 on each trading day, fordesignatedtransactions. The new policy will take effect on Tuesday, the first trading day after the holiday.As explained by industry experts, a designated transaction is a step that an investor must take between opening a new stock account and commencing trading on the SSE.The latest adjustment at the SSE has been made to address the surging number of newly registered retail investors over the past few days and to facilitate trading efficiency once the market resumes, they said.The market's upbeat sentiment can be felt at securities brokerages. Leading brokerages provided round-the-clock online account opening and consulting services during the recent holiday. Sinolink Securities said the account opening appointments they received during the holiday jumped 150 percent from a month earlier. Minsheng Securities said the number of daily requests for opening stock accounts over the past seven days was four times the amount before the holiday.To meet such surging demand, the securities account platform and identification information checking system at China Securities Depository and Clearing Co resumed operation on Sunday and Monday.Investor confidence has been supported by the A-share market's recent strong rebound. Ever since the batch of incremental policies was introduced on Sept 24, the Shanghai Composite Index gained 20 percent by the end of September, with the Shenzhen Component Index up 29 percent. The combined trading value at the Shanghai and Shenzhen exchanges hit a new single-day record of 2.6 trillion yuan ($370 billion) on Sept 30.Laura Wang, chief China equity strategist at Morgan Stanley, said on Oct 3 that Chinese equities will gain another 10 to 15 percent on average if a new round of fiscal expenditure measures can be released in the following weeks.At a news conference scheduled for Tuesday, officials from the National Development and Reform Commission, the country's top economic regulator, will explain their measures to better implement the range of supportive policies released in late September, in order to further advance economic growth and optimize China's economic structure.Yang Delong, chief economist at First Seafront Fund, said the 140-trillion-yuan Chinese household savings will provide more capital for the A-share market after the National Day holiday, providing more upward impetus for the indexes.The increase in the Hong Kong stock market has already overtaken that of the A-share market as the latter took more days off for the holiday, said experts at Shenwan Hongyuan Securities. Therefore, a continued rally can be expected from the A-share market in the short run to narrow the price gap with Hong Kong, they added.Dai Kang, managing director of the development research center at GF Securities, said private equity investment funds have increased their exposure to the A-share market, which has just seen the strongest rebound in months. Chinese policymakers have smartly used the time window of interest rate cuts made by the US Federal Reserve to introduce stronger-than-expected supportive measures, he said.Goldman Sachs upgraded its call on Chinese stocks to overweight, saying that recent stimulus measures have bolstered confidence, and Chinese equities' valuations are below historical averages while their earnings could further improve.Qiu Xiang, joint chief strategist at CITIC Securities, said that the current A-share market rally is mainly supported by reversed market expectations, as a result of the innovative monetary policies and a relaxed grip on the property market announced in late September. A further market recovery can be expected, with companies showing improving earnings and those benefiting from a recovery in domestic demand offering more opportunities to investors, he added.Analysts from Huafu Securities also warned investors of the possibility of adjustments and fluctuations in the A-share market after it experienced a drastic increase. But the recent bull run is far from its end. The overall rise will last longer, they said.Reporter: Shi Jing

Oil fell back 5% overnight on fears about China's growth outlook. The RBA tones down the hawkishness in its September board minutes. All eyes are on the Reserve Bank of New Zealand's rate decision today - will it be 25 or 50 basis points? In our bonus Deep Dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains why China's National Development and Reform Commission didn't announce any additional fiscal stimulus at yesterday's briefing, but why some might be around the corner. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The rally in Chinese markets lost steam today after a briefing from the country's National Development and Reform Commission gave few details on further stimulus. Isaac Lim, Chief Market Strategist of investment platform moomoo Singapore, weighs in with a fundamental and technical analysis of the present Chinese markets rally.  See omnystudio.com/listener for privacy information.

Wall Street closed higher overnight as lowering oil prices takes the pressure off stocks. The Dow Jones rose by 0.3%, the S&P 500 gained 0.97% and the tech-heavy Nasdaq ended 1.45% higher by the closing bell.Over in Europe, markets closed lower following eased stimulus talks coming out of China. The STOXX600 fell by 0.54% with all major sectors closing in the red, including mining stocks which dropped 4.47% and household goods which lost 1.47%. Germany's DAX lowered by 0.2%, the French CAC fell 0.72% and over in the UK the FTSE100 ended Tuesday's trading session 1.36% lower.Locally on Tuesday the ASX200 fell 0.35% with BHP and Rio Tinto losing more than 2% each after China's National Development and Reform Commission press conference was held without further material stimulus measures included.What to watch today:The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.18% at market open this morning.On the commodities front this morning, Oil is trading 4.37% lower at 73 US dollars and 76 cents a barrel as supply issues in the Middle East are yet to be impacted and investors have started to focus back towards Chinese demand Gold is trading 0.84% lower at 2620 US dollars an ounce and iron ore is trading 3.26% higher at 112 US dollars and 39 cents a tonne.Trading Ideas:Bell potter maintains a buy rating on Seven Group Holdings (ASX:SVW) and has a 12-month price target of $48.50. The buy rating is maintained by Bell Potter as SVW's businesses and investments are market leaders in their respective industries, with scale, brand, and industry expertise underpinning commercial advantages that are hard to replicate by competitors. Bell Potter remains positive on the near-term outlook for mining production, engineering construction and transitional energy markets, hence the buy rating is maintained.And Trading Central has identified a bearish signal in IDP Education (ASX:IEL), indicating that the stock price may rise from the close of $15.04 to the range of $13.50-$13.80, on a pattern formed over 29 days, according to the standard principles of technical analysis.

S&P futures are pointing to a softer open today. Asian equities were broadly higher today, led by Japan's Nikkei and the Hang Seng. European equity markets are lower in early trades. Hong Kong-listed Chinese stocks extended their recent upward momentum today. The sustainability of this rally is believed to depend on the scale of fiscal responses and signs of macroeconomic stabilization. China's National Development and Reform Commission is expected to outline policies to support economic growth on Tuesday, with expectations of a fiscal package up to 2 trillion yuan. For this week, key macro events include the release of the FOMC minutes and US CPI data, both on Wednesday. The US CPI is anticipated to show further moderation in inflation, although strong August payrolls have reduced the likelihood of another rate cut in November. Companies Mentioned: Vista Outdoor, Wynn Resorts, Pfizer

China has issued 300 billion yuan ($42.5 billion) in treasury bonds to support equipment upgrades andtrade-in deals for consumer goods, significantly boosting the growth of consumption and economic momentum, said the country's top economic regulator.据国家发展改革委消息，中国已发行3,000亿元人民币（425亿美元）国债资金用于支持大规模设备更新和消费品以旧换新，极大地促进了消费增长和经济动能。The special treasury bonds fund has been fully allocated, and the upgrading and trade-in policy has been implemented in various regions across the country, the National Development and Reform Commission said on Monday.国家发展改革委23日表示，目前国债资金已全面下达，大规模设备更新和消费品以旧换新政策在全国各地区推行实施。"The policy has effectively helped release consumption potential in the country, driving sales growth of related products such as automobiles and household appliances," said Zhao Chenxin, deputy head of the commission.国家发展改革委副主任赵辰昕表示：“该政策有力释放了国内消费潜力，带动汽车、家电等相关产品销售明显上涨。”"China is a giant that consumes a large amount of durable consumer goods, with the inventory of household appliances exceeding 3 billion units and cars over 300 million units. Improving the energy efficiency level of those existing products through trade-in deals will also help reduce China's overall energy consumption and carbon emissions," Zhao said.赵辰昕解释：“我国是耐用消费品保有大国，家电保有量超过30亿台，汽车保有量超过3亿辆。通过以旧换新提高这些存量产品的能效水平，将有助于降低我国总体能耗水平和碳排放强度。”In August, retail sales of passenger vehicles in China reached 1.91 million units, an increase of 10.8 percent compared with July. Sales of new energy vehicles hit 1.03 million units, a 17 percent increase over July, according to the China Automobile Dealers Association.据中国汽车流通协会统计，8月份，中国乘用车零售量达到191万辆，比7月份增长10.8%；新能源汽车零售量达到103万辆，比7月份增长17%。The penetration rate of NEVs in China has exceeded 50 percent for two consecutive months, and 2 million high-emission cars are expected to be phased out by the end of the year, the NDRC said.国家发展改革委表示，中国的新能源汽车渗透率连续两个月突破50%，预计全年将实现200万辆低排放标准乘用车退出。For consumers who scrap and replace polluting automobiles, subsidies of 20,000 yuan will be provided for the purchase of NEVs and 15,000 yuan for buying fuel-efficient passenger vehicles with displacement of 2.0 liters or below, according to the latest policy.根据最新政策，对于报废和更换污染严重的汽车的消费者，购买新能源乘用车可获2万元补贴，购买2.0升及以下排量燃油乘用车可获1.5万元补贴。"With the continuous promotion of the trade-in deals, a large amount of waste materials are expected to be generated in the near future. The NDRC will work with relevant departments to accelerate the building of a waste recycling system, covering various fields," Zhao said.“‘两新'工作持续推进将会在未来一段时间产生大量废旧物资，国家发展改革委将会同有关部门，加快构建覆盖各领域的废弃物循环利用体系。”赵辰昕说。Fu Yifu, a researcher at the Star Atlas Institute of Finance, said the trade-in deals are expected to boost household consumption while expanding domestic demand, and promote the upgrade of traditional industries and the high-quality growth of the economy.星图金融研究院研究员付一夫表示，消费品以旧换新政策有望在扩大内需的同时拉动家庭消费，促进传统产业升级和经济高质量增长。"A series of such subsidy policies can help lower the consumption threshold for residents and stimulate their willingness to trade in the old products for new ones," Fu said.“一系列这样的补贴政策有助于降低居民的消费门槛，刺激居民以旧换新的意愿。”付一夫说。He added that this will also help drive the upgrade of the whole industrial chain, from raw materials and parts to after-sale services.他补充道，这也将有助于推动从原材料和零部件到售后服务的整个产业链的升级。The policy has also helped lift the retail sales of household appliances and audiovisual equipment. In August, sales in those categories edged up 3.4 percent year-on-year, according to the National Bureau of Statistics.该政策还有助于家用电器和音像器材类零售额上升。国家统计局数据显示，8月份，这些类别的销售额同比增长了3.4%。For home appliances, older ones can be exchanged for new and better ones via e-commerce platforms and brick-and-mortar stores, and sales involving trade-in deals have grown rapidly. During Mid-Autumn Festival in mid-September, the home appliance market embraced a consumption peak.在家电方面，以旧换新可通过电商平台和实体店进行，相关销售额增长迅速。9月中旬中秋节期间，家电市场迎来消费高峰。On Chinese e-commerce platform JD.com, between Aug 26 and Sept 21, the sales value of air conditioners surged 240.5 percent year-on-year, with televisions up 130.6 percent and refrigerators 128.8 percent.8月26日至9月21日，中国电商平台京东的空调销售额同比增长240.5%，电视增长130.6%，冰箱则增长128.8%。JD said it is confident that the favorable policies will encourage more than 20 million consumers on its platform to participate in trade-in deals this year.京东表示，相信这些利好政策将鼓励其平台上超过2000万的消费者参与今年的以旧换新消费活动。trade-in deals以旧换新treasure bond国债allocatev. 分配；拨出subsidyn. 津贴；补贴after-sale service售后服务brick and mortar store实体店

China's National Development and Reform Commission has released a report on China and Africa's joint efforts to build the Belt and Road Initiative.

Shanghai has launched a comprehensive action plan to revolutionize elderly care services and address the challenges posed by its rapidly aging population.近日，上海制定了《上海市推进养老科技创新发展行动方案（2024-2027年）》（以下简称《行动方案》），旨在推动养老服务变革，应对人口快速老龄化带来的挑战。According to the plan, the city aims to harness cutting-edge technology to enhance the quality of life for seniors and emerge as a global leader in technological innovation and industrial advancement in elderly care by 2027.根据《行动方案》，该市的目标是利用尖端技术提高老年人的生活质量，并目标到2027年，初步建成养老科技创新与产业发展高地。The plan encompasses the establishment of an elderly care technology industrial park, state-of-the-art incubators, enterprise innovation hubs and research platforms. Central to the initiative is the nurturing of leading enterprises, the creation of demonstration sites for elderly care technology products, and the application of these innovations to cater to diverse needs.该方案包括创建1个养老科技产业园，建成1-2个高质量孵化器、3-5个企业技术创新中心、1-2个研发测试公共服务平台，引进培育5-10家龙头企业，初步建成上海市基本养老服务综合平台。Specifically, the plan highlights the integration of artificial intelligence technology, calling for the development of AI models and algorithms for voice, facial, emotion and motion recognition and environmental perception.It aims to enhance the autonomous perception, learning, decision-making and execution capabilities of elderly care technology products through the development of embodied intelligence and generative artificial intelligence technologies.《行动方案》将研发用于语音、人脸、情感、动作识别和环境感知的人工智能模型与算法，研发具身智能、生成式人工智能等新技术，提高养老科技产品自主感知、自主学习、自主决策、自主执行等能力。In terms of key product development, the plan categorizes products into six groups such as life assistance, health services and rehabilitation aids, with a particular focus on robots.在重点产品开发方面，将产品分为生命辅助、健康服务、康复辅助等六大类，尤其以机器人为重点。Various types of robots including rehabilitation, exoskeleton, nursing and companion robots are mentioned multiple times in the plan. Embodied intelligent or humanoid robots are seen as a key solution to address the significant shortage of elderly care nursing staff in China.康复、外骨骼、护理和陪伴机器人在内的各类机器人将具身智能或机器人被视为解决老年护理人员严重短缺的关键解决方案。Various initiatives have already been launched to integrate embodied intelligent robots with the silver economy.目前已有各类方案将具身智能机器人与银发经济相结合。On the national level, the National Development and Reform Commission and other departments issued measures to expand the functions of intelligent robots in various sectors, including elderly care, on June 24.为在国家层面落实《国务院办公厅关于发展银发经济增进老年人福祉的意见》，智能机器人功能将拓展到包括养老在内的各领域。At the 2024 World Artificial Intelligence Conference, the Intelligent Robotics Institute of Fudan University's Academy for Engineering and Technology showcased Guanghua No 1, a care robot for the elderly, which exhibits significant improvements in assisting the elderly and emotional responsiveness.在2024年世界人工智能大会上，复旦大学工程与应用技术研究院智能机器人研究院研发的“光华一号”人形机器人向公众亮相，该机器人在辅助老年人生活和其快速的情绪反应能力方面表现突出。Gan Zhongxue, deputy dean of the Academy for Engineering and Technology of Fudan University, emphasized the importance of emotional engagement in elderly care and health services.工程与应用技术研究院副院甘中学强调了情感参与在养老和健康服务中的重要性。He highlighted that genuine care requires emotional intelligence and warmth, qualities that can be provided by humanoid robots like Guanghua No 1.真正的关怀需要情感和温暖，而像“光华一号”这样的人形机器人具备这些功能。To drive the application and showcase the potential of these innovative products, the plan outlines initiatives to expedite the adoption of smart aging solutions, encourage the utilization of intelligent elderly care products in care facilities, and establish demonstration centers for elderly care technology products. Additionally, support will be extended to independently developed elderly care technology products and explore insurance coverage options for these cutting-edge solutions.为推动智能养老产品的应用，展示这些创新产品的潜力，《行动方案》进一步加快适老化智能场景落地，促进智能养老科技产品示范应用，加快智慧养老院建设，推进护理机器人、康复机器人等养老科技产品使用。The plan also underscores the significance of fostering a conducive environment for industry growth by backing enterprise innovation, establishing high-caliber incubators, fostering industry clusters, and fortifying standard systems to ensure seamless integration and interoperability of elderly care technology products.《行动方案》充分利用众创空间、孵化器、加速器等平台，以及上海养老科技创新大赛等活动，加强养老科技成果孵化转化和创新创业服务。Embodied intelligentn.具身智能incubatorsn.孵化器

Flood control and rescue efforts at Dongting Lake in Hunan province reached a crucial phase late on Monday night, with a breached dike sealed at around 10:30 pm.7月8日深夜，洞庭湖的抗洪救灾工作进入关键阶段，晚10时30分左右，湖南华容团洲垸洞庭湖决口完成封堵。The breach, 226 meters wide, occurred at around 5:48 pm on Friday at a dike in Tuanzhou, a township in Huarong county in the city of Yueyang, which is part of a dike network around Dongting Lake, China's second-largest freshwater lake.17时48分许，紧急封堵失败，堤坝决堤，经初步勘测，决堤口宽度约10米。团洲垸是中国第二大淡水湖洞庭湖周围堤坝防护的一部分。Zhang Yingchun, Hunan's executive vice-governor, said more than 100,000 cubic meters of rock have been used in sealing off the breach, and crews had been sealing off 3.5 meters of the breach an hour.湖南省常务副省长张迎春称，目前已使用了超过10万立方米的块石封堵决口，每小时封堵约3.5米。Following the dike breach, a large volume of water from Dongting Lake rushed into the Tuanzhou dike region, flooding 47.6 square kilometers of the region's total area of 55 sq km.堤坝决堤导致洞庭湖的大量湖水涌入团洲垸，淹没了该地区的47.6平方公里，其总面积约为55平方千米。At least 7,000 residents were evacuated after the dike burst.7000余名居民在决堤中被救援。Several local schools have been turned into temporary shelters, housing about 4,000 residents and providing essential items such as quilts, towels and buckets to disaster victims. Professional medical personnel are available around the clock to those who have been displaced.当地几所学校已成为当地4000余名居民的临时避难所，救援工作组确保居民们有饭吃、有衣穿、有安全住所、有干净水喝、有病及时医治。"Our home was affected twice. Back in 1996, there was another flood and then this year. I think the resettlement process is now very good," Tuanzhou resident Cai Shusheng told China Global Television Network.当地居民蔡树生在接受中国国际电视台采访时表示：“我家曾受到过两次洪水影响。1996年发生过一次洪水，今年是第二次，现在的居民安置做得很好。” After the dike breach, an embankment considered the second line of defense was threatened on Monday.团洲垸的决堤代表洞庭湖的“第二道防线”受到威胁。The embankment, about 2 kilometers from the breached dike and 14.3 km long, separates Tuanzhou from the nearby township of Qiannan.居民居住区距离堤坝决堤处约为2公里，决堤总长14.3公里，将团洲垸与附近的钱南垸隔开。Multiple piping hazards — the movement of water through channels in the embankment — were observed, but they have been brought under control, local authorities said on Monday.7月8日，地方当局表示，目前管道危险是由于湖水不断涌入导致，目前情况以得到稳定控制。More than 300 police officers and firefighters have been working at the site to deal with the piping effect.300多名警察和消防救援队员一直在现场进行救灾抢险工作。Zhu Dongtie, head of Hunan's Department of Water Resources, said the embankment has not been used to prevent flooding since 1996, and it was built to a much lower standard than the dike.湖南省水利厅厅长朱东铁称，自1996年以来，堤防未曾用于防洪，其建造标准低于普通堤坝。Twenty-four incidents of leakage and piping at the embankment have been dealt with, he said.曾发生过的24起堤坝决堤和管道堵塞都已妥善处理。Despite all the difficulties and challenges, the embankment must be safeguarded, he added.尽管存在种种困难和挑战，但堤坝必须守住。The dike breach followed 17 days of heavy rainfall in Hunan, the longest continuous period of heavy rain since 1961.堤坝决口前，湖南面临了17天暴雨，这是自1961年以来最长的连续暴雨。The National Development and Reform Commission has allocated 200 million yuan ($27.5 million) to support disaster-affected parts of Hunan, including the counties of Huarong and Pingjiang in Yueyang, and in neighboring Jiangxi province.国家发展和改革委员会已拨款约2亿元人民币支持湖南受灾地区，包括岳阳华容县、平江县，以及与湖南毗邻的的江西省。In Jiangxi, the flood control situation remains severe due to prolonged high water levels on the Yangtze River and at Poyang Lake.由于长江和鄱阳湖水位长期高于平均水位，江西省防汛形势依然严峻。Water levels at Poyang Lake, China's largest freshwater lake, have been high since June 27, when the water level exceeded the warning level.中国最大淡水湖鄱阳湖的水位自6月底，其水位一直超警戒水位。By the end of Sunday night, the water level at Xingzi Station, a key hydrological station on Poyang Lake, still exceeded the warning level by 2.19 meters.截至7月7日晚，鄱阳湖星子站水位仍超过警戒水位2.19米。Floods and other geological disasters have affected more than 1.6 million people in Jiangxi in cities such as Nanchang, Jiujiang and Jingdezhen, causing direct economic losses of 2.23 billion yuan.洪涝等地质灾害累计影响江西南昌、九江、景德镇等城市160多万人，造成直接经济损失22.3亿元。According to the Ministry of Water Resources' Yangtze River Water Resources Commission, as the river basin's inflow recedes, stations in the middle and lower reaches of the Yangtze are expected to see water levels gradually fall below the warning level from mid to late July.根据水利部长江水利委员会的数据，随着流入水量的减少，预计7月中下旬长江中下游站点的水位将逐渐降至警戒水平以下。sealing offv.封堵warning leveln.警戒水位

China's recent move to deepen economic structural reform is an attempt to cultivate new quality productive forces and foster high-quality development in the long run, offering increasing growth opportunities for stakeholders both at home and abroad, said experts and entrepreneurs.专家和企业家表示，中国最近深化经济结构改革的举措是为了培养新质生产力，促进长期高质量发展，为国内外利益相关者提供越来越多的增长机会。They said that China's pro-reform efforts will mainly focus on key areas including technological innovation and industrial upgrading, which will help resolve economic woes, create new growth drivers and inject strong impetus into the world's second-largest economy.他们表示，中国支持改革的努力将主要集中在包括技术创新和产业升级在内的关键领域，这将有助于解决经济困境，创造新的增长动力，为世界第二大经济体注入强大动力。Their comments came after President Xi Jinping said in late May that reform should originate from real needs and address the most urgent issues to improve the socialist market economy, with the president calling for efforts to deepen theoretical innovation and promote institutional innovation during the process of solving practical problems.在他们发表评论之前，习近平主席在5月下旬表示，改革应该从实际需要出发，解决最紧迫的问题，以完善社会主义市场经济。主席要求在解决实际问题的过程中，努力深化理论创新，促进制度创新。"Deepening reform, particularly institutional reform, will help remove obstacles and difficulties hindering the development of new quality productive forces, and promote optimal allocation and free flow of production factors including capital, technology and labor," said Liu Quanhong, director of the industrial and technological economics research institute of the Chinese Academy of Macroeconomic Research.中国宏观经济研究院产业经济与技术经济研究所所长刘泉红说：“深化改革，特别是体制改革，将有助于消除阻碍新质生产力发展的障碍和困难，促进资本、技术和劳动力等生产要素的优化配置和自由流动。”Liu Dian, a researcher at the China Institute of Fudan University, said that China's economy is currently grappling with still-weak demand, prompting calls for further economic structural reform. "The imperative of such reform lies in igniting internal dynamics through institutional innovation, breaking barriers to economic circulation, and restoring market confidence."复旦大学中国研究院的研究者刘典说，中国经济目前正在努力应对仍然疲软的需求，这促使人们呼吁进一步进行经济结构改革。“这种改革的当务之急是通过制度创新激发内在动力，打破经济流通的障碍，恢复市场信心。”He noted that China is facing bottlenecks in its path to high-quality development, such as slow progress in industrial upgrading and overcapacity in some sectors, alongside inadequate high-end supply.他指出，中国在实现高质量发展的道路上面临瓶颈，例如产业升级进展缓慢，一些行业产能过剩，以及高端供应不足。"Market vitality is hampered by financing difficulties faced by small and medium-sized enterprises coupled with high operational costs," he said. "There's a pressing need to enhance innovation capabilities and streamline the technology transfer process, amid a complex external environment impacting domestic circulation and industrial chain security."“市场活力受到中小企业面临的融资困难以及高运营成本的制约，”他说。“在复杂的外部环境影响国内流通和产业链安全的情况下，迫切需要提高创新能力，简化技术转让过程。”In an article published recently in Qiushi Journal, the flagship magazine of the Communist Party of China Central Committee, the National Development and Reform Commission said the country will speed up the process of deepening reform of the economic structure and build a high-level socialist market economy system. The key focus will be on fields including building of a high-standard market system, removing obstacles and difficulties in the development of new quality productive forces, and building a higher-level open economic system.在中国共产党中央委员会机关刊《求是》杂志最近发表的一篇文章中，国家发展和改革委员会表示，国家将加快深化经济体制改革的进程，建立高水平的社会主义市场经济体制。重点是建立高标准的市场体系，消除新质生产力发展的障碍和困难，建立更高水平的开放型经济体系。"China is racing to create a favorable institutional environment for nurturing new quality productive forces, which is conducive to advancing Chinese modernization," said Liu, from the China Institute of Fudan University.复旦大学中国研究院的刘典说:“中国正在努力为培育新质生产力创造一个良好的制度环境，这有利于推进中国的现代化。”According to a meeting of the Political Bureau of the CPC Central Committee held in late April, the third plenary session of the 20th CPC Central Committee to be held in Beijing in July will focus on further deepening reform and promoting the modernization of China amid challenges at home and complexities abroad.根据4月下旬召开的中共中央政治局会议，将于7月在北京举行的中共二十届三中全会将重点关注在国内挑战和国外复杂情况下进一步深化改革和推进中国现代化。Robin Xing, chief China economist at Morgan Stanley, said, "We believe the policy focus will remain on enhancing technology innovation and supply chain self-sufficiency in terms of a push for economic reform and a concerted focus on key strategic sectors."摩根士丹利首席中国经济学家邢自强表示:“我们认为，在推动经济改革和共同关注关键战略行业方面，政策重点仍将是加强技术创新和供应链自给自足。”Wang Peng, a researcher at the Beijing Academy of Social Sciences, said the government will introduce more policy measures to support the development of new quality productive forces, including financial subsidies, tax incentives and targeted measures to optimize the business environment.北京市社会科学院研究员王鹏表示，政府将出台更多政策措施来支持新质生产力的发展，包括财政补贴、税收优惠和优化商业环境的定向措施。Highlighting that the concept of new quality productive forces is fully in line with his company's growth strategy, Ye Weiguo, chief operating officer of Gyre Pharmaceuticals, a Beijing-based manufacturer of drugs for organ fibrosis, said the company will continue to invest in new drug development and consistently utilize emerging technologies and new materials to boost its growth.北京的器官纤维化药物制造商康蒂尼药业的总经理叶卫国强调，新质生产力的概念完全符合公司的发展战略，他表示，公司将继续投资于新药开发，并不断利用新兴技术和新材料来促进增长。Gyre Pharmaceuticals, with two plants in Beijing and Cangzhou, Hebei province, invested 104 million yuan ($14.4 million) in research and development activities in 2023, accounting for 13 percent of its annual sales revenue.康蒂尼药业在北京和河北省沧州有两家工厂，2023年在研发活动上投资1.04亿元人民币(1440万美元)，占其年销售收入的13%。Xu Linxiao, president of Changzhou Hongbang New Energy Technology Co, an electric equipment manufacturer based in Changzhou, Jiangsu province, that has more than 150 employees, said the company has intensified its efforts to make innovative products to address market pain points.常州洪邦新能源技术有限公司是一家位于江苏常州的电气设备制造商，拥有150多名员工。公司总经理徐林肖表示，该公司已加大力度开发创新产品，以解决市场痛点。Changzhou Hongbang's export value reached 22.94 million yuan in the first four months of 2024, an increase of 2,521.8 percent year-on-year, data from Nanjing Customs showed.南京海关的数据显示，2024年前四个月，常州洪邦的出口额达到2294万元，同比增长2521.8%。With the global trend of restructuring and upgrading value chains becoming increasingly apparent, innovation-driven growth has become the fundamental approach for Chinese exporters to gain competitiveness and secure a higher position in the world's value chain of high-tech industries, he added.他补充说，随着全球价值链重组和升级的趋势日益明显，创新驱动的增长已成为中国出口商获得竞争力和在世界高科技产业价值链中获得更高地位的根本途径。Global executives hailed China's attempts to further deepen reform and foster new quality productive forces, saying that these measures will create more growth opportunities and help in the transformation of the domestic economy.全球高管对中国进一步深化改革和培育新质生产力的尝试表示欢迎，称这些措施将创造更多增长机会，有助于国内经济转型。Merck China President Marc Horn said, "I think China is very resilient and has shown that it can transform very rapidly and is on a good transformation trajectory."默克中国总裁何慕麒表示，“我认为中国非常有弹性，并且已经表明它可以非常迅速地转型，并且处于良好的转型轨道上。”Zhang Ying, managing director of Dassault Systemes Greater China, said, "With an unwavering commitment to further deepen reform and advance opening-up, China's influence in global industrial, supply and innovation chains has notably increased, providing new opportunities for multinational corporations like Dassault Systemes to tap into its market potential."达索系统大中华区总裁张鹰表示:“中国坚定不移地致力于进一步深化改革，推进开放，在全球工业、供应和创新链中的影响力显著提升，为达索系统这样的跨国公司提供了挖掘市场潜力的新机遇。”new quality productive forces新质生产力economic structural reform经济结构改革

China's plan to sell 1 trillion yuan ($138 billion) in ultra-long-term treasury bonds marks its latest move to bolster fiscal support for the economy, a step that experts say will stabilize expectations, boost domestic demand and shore up growth.中国计划出售1万亿元（1,380亿美元）超长期国债，这是中国加强财政支持经济的最新举措，专家认为这一举措将稳定预期、促进内需并支撑经济增长。The issuance of 1 trillion yuan in ultra-long central special sovereign bonds will begin on Friday and run until mid-November. Three tenors are being planned — 20-year, 30-year and 50-year bonds, the Ministry of Finance said on Monday.1万亿元超长期特种国债将于5月17日开始发行，一直持续到11月中旬。5月13日，财政部表示，计划发行三种期限的债券——20年期、30年期和50年期。"The ultra-long bond issuance marks the introduction of a new policy tool that will be vital for supporting the government's investment in key projects, which will give full play to the crucial role of government investment in shoring up economic growth," said Zhang Liqun, a researcher at the macroeconomic research department of the Development Research Center of the State Council.国务院发展研究中心宏观经济研究部研究员张立群表示：“超长期债券的发行标志着一种新的政策工具的出台，对支持政府重点项目投资将起到至关重要的作用，这将充分发挥政府投资对经济增长的关键支撑作用。”The country aims to raise funds for major national strategies and build up security capacity in key areas, especially in fields including technological innovation, coordinated regional development, ensuring grain and energy security, and the high-quality development of the population.国家旨在为重大国家战略筹集资金，加强关键领域的安全能力建设，特别是在技术创新、区域协调发展、确保粮食和能源安全以及人口高质量发展等领域。Experts said the issuance and use of the bonds will not only expand effective demand and help achieve the annual growth target this year, but also will be conducive to fostering new quality productive forces and promoting high-quality development in the long run.专家表示，债券的发行和使用不仅可以扩大有效需求，助力今年全年增长目标的实现，从长远来看，也有利于培育新质生产力，推动高质量发展。As the broader economy is still facing pressures from still-weak domestic demand, Zhang, the researcher, said the issuance and use of ultra-long bonds will accelerate the implementation of key projects and boost related orders, thereby promoting production and investment by businesses, stabilizing employment and stimulating consumer spending.张立群研究员表示，在当前经济仍面临内需疲软的压力下，超长期债券的发行和使用将加快重点项目的实施，拉动相关订单，从而促进企业生产和投资，稳定就业，刺激消费。Zhang said the funds that are raised will be used to support key projects and fields, including urban underground pipe network projects, upgrades of the education and healthcare systems, and boosting China's strengths in transportation, providing a solid foundation for China's long-term and high-quality growth.张立群表示，筹集到的资金将用于支持重点项目和领域，包括城市地下管网项目、教育和医疗系统的升级改造、提升中国在交通方面的优势等，为中国的长期和高质量发展提供坚实的基础。Luo Zhiheng, chief economist at Yuekai Securities, said the ultralong bond issuance will help expand demand, consolidate the foundation for economic recovery and optimize the economic structure.粤开证券首席经济学家罗志恒表示，超长债的发行有利于扩大需求，巩固经济复苏基础，优化经济结构。He also said the move will help optimize the debt structure of the central and local governments.他还表示，此举将有助于优化中央和地方政府的债务结构。Hong Hao, chief economist at GROW Investment Group, said the ultra-long treasury bond issuance, together with the special government bond to be issued by November, represents an expansion in fiscal deficit.思睿集团首席经济学家洪灏表示，超长期国债的发行，以及将于11月发行的特种国债，意味着财政赤字的扩大。Together, these bonds represent over 1 percent of GDP and are a powerful fiscal expansion that the market is looking for. In a low-rate environment and with low leverage on the central government's balance sheet, it pays to borrow to boost fiscal expansion, Hong said.这些债券合计占GDP的1%以上，是市场所期待的强有力的财政扩张。洪灏表示，在低利率环境下，中央政府资产负债表的杠杆率较低，借债促进财政扩张是值得的。Regarding China's plan to issue ultra-long, special-purpose treasury bonds for several consecutive years, Liu Sushe, deputy head of the National Development and Reform Commission, said the country has drafted an action plan to support its key strategies and enhance its capacities to ensure security in key areas.关于中国计划连续几年发行超长期特殊用途国债的问题，国家发展和改革委员会副主任刘苏社表示，中国已起草了一份行动计划，以支持中国的重点战略，并提高确保重点领域安全的能力。Liu told a news conference in April that the focus will be on achieving greater self-reliance and strength in science and technology, promoting integrated urban and rural development, and enhancing the capabilities of ensuring grain and energy security.刘苏社在4月份的一次新闻发布会上说，重点将放在增强自力更生能力和科技实力、促进城乡统筹发展、提高保障粮食和能源安全的能力上。Zhao Xijun, co-director of the China Capital Market Research Institute at Renmin University of China, said that issuing ultra-long-term special treasury bonds to support strategically important innovation projects can be an innovative way to leverage fiscal policy to build China's scientific strength.中国人民大学中国资本市场研究院联席院长赵锡军表示，发行超长期特种国债支持具有战略意义的创新项目，可以说是利用财政政策建设中国科技实力的一种创新方式。Louise Loo, lead economist at British think tank Oxford Economics, noted that authorities are pledging the upcoming bond proceeds for the building up of "security capacity" in strategic projects in the areas of science and technology innovation and socioeconomic development.英国智库牛津经济研究院首席经济学家卢姿蕙指出，政府承诺即将获得的债券收益用于建立科技创新和社会经济发展领域战略项目的“安全能力”。On the monetary policy front, Loo said the People's Bank of China, the nation's central bank, is likely to facilitate the increased bond pipeline by keeping liquidity conditions loose and increasing its role in secondary Chinese government bond trading.在货币政策方面，卢姿蕙表示，中国人民银行作为中国的中央银行，可能会通过保持宽松的流动性条件和增加其在中国二级政府债券交易中的作用，来促进债券渠道的增加。ultra-long-term treasury bonds超长期国债new quality productive forces新质生产力fiscal deficit财政赤字

China's fixed-asset investment, a pivotal growth driver, grew at a faster-than-anticipated clip in the first quarter amid a big bet on manufacturing and high-tech sectors, thus getting the economy off to a solid start this year, analysts said on Tuesday.2024年4月16日，分析人士表示，在侧重发展制造业和高科技行业的情况下，作为经济增长关键驱动力的中国固定资产投资在第一季度以高于预期的速度增长，从而使中国经济在2024年有了一个坚实的开端。The real estate sector, however, is still a major drag on China's economy as business and consumer confidence remain weak, they added, calling for more robust government support to help address falling sales and rising default risks facing property developers.不过，分析人士补充称，由于企业和消费者信心依然疲软，房地产行业仍是拖累中国经济的主要因素。他们呼吁政府提供更有力的支持，以帮助解决房地产开发商面临的销售下滑和违约风险上升的问题。Fixed-asset investment, as shown by data released by the National Bureau of Statistics on Tuesday, grew 4.5 percent year-on-year in the first three months to over 10 trillion yuan ($1.38 trillion), above analysts' expectations, which had projected an increase ranging between 4.2 percent and 4.3 percent.国家统计局4月16日发布的数据显示，2024年第一季度，固定资产投资同比增长4.5%，超过10万亿元(1.38万亿美元)，高于分析人士预期，他们此前预计的增长幅度在4.2%至4.3%之间。The accelerated growth rate in the first quarter was primarily supported by increased investments in infrastructure and manufacturing, which climbed by 6.5 percent and 9.9 percent year-on-year, respectively, said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International.金信国际首席宏观经济分析师王庆表示，第一季度的加速增长主要得益于基础设施和制造业投资的增加，这两项投资分别同比增长6.5%和9.9%。As the weather warms up and projects resume after holidays, construction progress across various localities picked up pace, leading to a boost in infrastructure investment, Wang said, adding that the issuance of 1 trillion yuan in special treasury bonds at the end of last year has provided ample funds for various local infrastructure projects.王庆表示，基于天气转暖和假期后项目恢复，各地的建设进度加快，传导至基础设施投资激增；同时，去年年底发行的1万亿元特别国债为各种地方基础设施项目提供了充足的资金。Meanwhile, the recovery in global demand, particularly in sectors such as electronics, automobiles and machinery, translated into increased orders and higher profits for manufacturers. As a result, investment in industry maintained a relatively high growth rate, Wang said.与此同时，全球需求的复苏，尤其是在电子、汽车和机械等行业，转化为制造商订单的增加和利润的提高。因此，工业投资保持了较高的增长速度。In particular, the high-tech manufacturing sector witnessed a first-quarter investment growth rate of 10.8 percent, surpassing investment growth in overall manufacturing, according to the bureau.国家统计局表示，特别是高科技制造业，第一季度投资增长率为10.8%，超过了整体制造业的投资增长。The country's policy support fostering new quality productive forces and large-scale equipment upgrades has boosted businesses' demand for advanced computing technologies, digitization efforts and the adoption of cutting-edge office equipment, said Li Chao, chief economist at Zheshang Securities.浙商证券首席经济学家李超表示，国家对培育新型优质生产力和大规模设备升级的政策支持，推动了企业对先进计算技术、数字化工作和尖端办公设备的需求。Going forward, banking and insurance institutions should enhance their medium- to long-term financial support for equipment upgrades and technological improvements, as outlined in a notice jointly issued on Tuesday by the National Financial Regulatory Administration, Ministry of Industry and Information Technology and National Development and Reform Commission. Efforts will be made to leverage the role of national production-financing platforms, to effectively align financial resources with the financing needs of industrial transformation. Moreover, the country will expand credit loans specifically tailored for strategic emerging industries such as artificial intelligence and aerospace, the notice said.国家金融监督管理总局、工业和信息化部、国家发展改革委4月16日联合发布《关于深化制造业金融服务助力推进新型工业化的通知》指出，未来，银行和保险机构应加强对设备升级和技术改进的中长期金融支持。发挥国家生产融资平台作用，有效对接金融资源和产业转型融资需求。此外，国家将扩大专门为人工智能和航空航天等战略性新兴产业量身定制的信贷贷款。While other sectors are showing signs of growth, the sluggish performance of real estate investment raises concerns about implications for the overall economy.在其他行业显示出增长迹象之际，房地产投资的低迷表现引发了对整体经济影响的担忧。Data from the NBS showed that investment in property development during the first three months dipped 9.5 percent year-on-year, with commercial housing sales plunging 27.6 percent.国家统计局的数据显示，今年前三个月房地产开发投资同比下降9.5%，商品房销售暴跌27.6%。Several top-tier cities in China, including Beijing and Shanghai — as well as some second-tier cities — have recently relaxed their property policies, leading to increased activity in the new home market, said Wang.王庆表示，中国包括北京和上海的几个一线城市，以及一些二线城市，最近放松了他们的房地产政策，导致新房市场的交易增加。However, overall recovery of the real estate sector remains sluggish due to insufficient purchasing power on the demand side and persistently low industry expectations, Wang added.然而，由于需求侧购买力不足和行业预期持续低迷，房地产行业的整体复苏仍然缓慢。China still has significant room for policy adjustments including allowing for the potential reduction of home purchase restrictions and the lowering of mortgage rates, Wang said.王庆表示，中国仍有很大的政策调整空间，包括允许潜在的减少购房限制和降低抵押贷款利率。Given the complex and challenging external environment and insufficient domestic effective demand, it is essential to maintain a certain level of intensity in infrastructure investment, said Wu Chaoming, deputy director of the Chasing International Economic Institute.追逐国际经济研究所副所长吴超明表示，在外部环境复杂而充满挑战、国内有效需求不足的情况下，保持一定程度的基础设施投资强度至关重要。Pivotal关键的；中枢的；枢轴的Default违约，拖欠

China's economy has started 2024 on a stable footing, indicating a sustained trajectory of robust recovery throughout the year, despite pressures and challenges both at home and abroad, officials and analysts said on Thursday.4月11日，中国官员和经济分析师表示，虽然面临国内外压力和挑战，2024年中国经济基础开局依然稳定，显示出稳定强劲的复苏势头。While the relatively weak consumer price rises in March point to pressure from lackluster demand, analysts said they believe that China's economic conditions would continue to improve in the following months with more policy measures expected to help expand effective investment and bolster a consumer-led recovery.分析师表示，尽管3月份消费价格上涨相对疲软，需求低迷，但他们相信未来几个月中国经济状况将继续改善，预计将有更多政策措施帮助扩大有效投资、促进消费、拉动复苏。An official of the National Development and Reform Commission, China's top economic regulator, told China Daily on Thursday that "the long-term positive trend of the Chinese economy has not changed and will not change". The remarks came after Fitch Ratings recently revised the outlook on China's long-term foreign-currency issuer default rating to negative from stable.4月11日，中国最高经济监管机构国家发展和改革委员会的一名官员在接受《中国日报》采访时表示：“中国经济长期向好的趋势没有改变、也不会改变”。此前，惠誉评级近期将中国长期外币发行人违约评级展望从稳定调整为负面。The official said that China's economy still enjoys favorable conditions and positive factors, given its powerful industrial production capacity, a complete industrial system, continuously strengthening innovation capabilities and its ultra-large domestic market. "China's economy enjoys a solid foundation, strong resilience and dynamism, and great potential and vitality," the official said. "Looking ahead, its long-term positive trend will remain unchanged."该官员表示，中国具有强大的工业生产能力、完整的产业体系、不断增强的创新能力和超大的国内市场，经济发展环境依然向好。中国经济基础坚实，韧性和活力强劲，潜力和活力巨大。展望未来，其长期向好的趋势不会改变。Lu Jiangyuan, an associate researcher at the Chinese Academy of Macroeconomic Research's Economic Research Institute, noted that while Fitch Ratings revised the outlook on China to negative, it affirmed the issuer default rating at "A+. “It reflects the recognition of foreign rating agencies for China's economic growth prospects, its position as a global goods trading center, and its robust external finances," Lu said. "China's economy still possesses robust growth prospects."中国宏观经济研究院经济研究所副研究员卢江源指出，惠誉国际评级虽然将中国的前景调整为负面，但发行人违约评级仍为“A+”。这体现了国外评级机构对中国经济增长前景、全球货物贸易中心地位和强劲外部金融的认可。中国经济仍然拥有强劲的增长前景。While Fitch downgraded the outlook due to concerns over the rising leverage ratio of the government sector, Lu said the government debt risk is generally controllable. "To some extent, Fitch has overestimated China's government debt pressure."卢江源表示，惠誉此举是因担心中国政府杠杆率上升，但实际上我国政府债务风险总体可控。在某种程度上，惠誉夸大了中国政府的债务压力。The NDRC official said that "the economy performed stably this year", as fixed-asset investment jumped 4.2 percent year-on-year in the first two months of the year, 1.2 percentage points higher than the growth in 2023. Barring real estate, fixed-asset investment grew 8.9 percent during the January-February period, data from the National Bureau of Statistics showed. China's economy is showing signs of stabilization, with improvement in indicators such as exports, industrial production and investment.发改委官员表示，“今年经济运行平稳”，今年前两个月固定资产投资同比增长4.2%，比2023年增速高1.2个百分点。国家统计局数据显示，除房地产外，1、2月固定资产投资增长8.9%。中国经济出现企稳迹象，出口、工业生产、投资等指标有所改善。Given China's better-than-expected economic performance, Morgan Stanley and Goldman Sachs have both raised their outlook for China's economic growth this year. Morgan Stanley has revised China's 2024 real gross domestic product forecast from 4.2 percent to 4.8 percent. Goldman Sachs raised its forecast for China's growth this year to 5 percent from the 4.8 percent earlier expected, and it also revised China's first-quarter GDP growth forecast from 4.5 percent to 5 percent.鉴于中国经济表现好于预期，摩根士丹利和高盛均上调了今年中国经济增长预期。摩根士丹利将中国2024年实际国内生产总值预测从4.2%修正为4.8%。高盛将中国今年经济增长预期从此前的4.8%上调至5%，并将中国第一季度GDP增长预期从4.5%下调至5%。In the next step, the official said China will "give full play to the guiding role of government investment", adjust and optimize the structure of investment from the central government budget and appropriately expand the scope of investment in local government special bonds and the scope of the project capital. Data from the National Bureau of Statistics showed on Thursday that China's consumer prices rose at a slower pace in March while the decline in factory gate prices widened, suggesting that more policy stimulus may be needed to boost domestic demand.发改委官员表示，下一步，中国将“充分发挥政府投资的引导作用”，调整优化中央预算内投资结构，适当扩大地方政府专项债券投资范围和范围。4月11日，国家统计局公布的数据显示，3月份中国居民消费价格涨幅放缓，出厂价格降幅扩大，表明可能需要更多政策刺激来提振内需。The country's consumer price index, a main gauge of inflation, rose by 0.1 percent year-on-year in March, cooling from the 0.7 percent annual gain in February. The producer price index, which gauges factory-gate prices, dropped by 2.8 percent from a year ago in March, following a 2.7 percent fall in February, the NBS said.国家统计局数据显示，3月份，中国消费者价格指数（衡量通胀的主要指标）同比上涨0.1%，较2月份0.7%的年涨幅有所回落。工业生产者出厂价格指数（衡量出厂价格的主要指标）继2月份下降2.7%后，3月份同比下降2.8%。Zhou Maohua, a researcher at China Everbright Bank, said the slower CPI growth and widening PPI decline in March came mainly due to lackluster demand, the shift in the timing of the Chinese New Year and the base effect.光大银行研究员周茂华表示，3月份CPI增速放缓、PPI降幅扩大，主要是由于春节假期需求低迷，也要考虑到基数效应的影响。Looking ahead to the following months, Zhou said he expects to see a mild price rebound with the waning COVID-19 impact, gradually getting back to a balance between market supply and demand and more aggressive fiscal policies.他表示，未来几个月，随着COVID-19影响持续减弱，预计价格将出现平稳反弹，市场供需将逐步恢复平衡，财政政策将更加积极。Meanwhile, Zhou underscored the need for more policy support to bolster the world's second-largest economy, saying policymakers need to further consolidate the foundations of consumption and demand recovery while optimizing the supply-side structure. "Efforts to reduce overcapacity in certain sectors and promote a balanced domestic supply and demand dynamic are crucial for fostering a sustained economic recovery," Zhou said.与此同时，周茂华强调，需要更多政策支持来支撑世界第二大经济体的发展，政策制定者需要在优化供给侧结构的同时，进一步夯实消费和需求复苏的基础。努力化解某些行业的产能过剩，促进国内供需平衡，对于促进经济持续复苏至关重要。downgrade英/ˌdaʊnˈɡreɪd/ 美/ˌdaʊnˈɡreɪd/v.下调;降级theleverage ratio杠杆率

Ma Ying-jeou, former chairman of the Kuomintang in Taiwan, said on Tuesday that both sides of the Taiwan Strait should cooperate to avoid war and work together to rejuvenate the Chinese nation.2024年4月2日，台湾国民党前主席马英九表示，台湾海峡两岸应该合作，避免战争，共同振兴中华民族。He made the remarks during a visit to the former residence of Sun Yat-sen, the renowned Chinese revolutionary and statesman, in Guangdong province with a Taiwan youth delegation on the second day of his visit to the Chinese mainland.在访问中国大陆的第二天，他与台湾青年代表团参观了著名的中国革命家和政治家孙中山在广东省的故居，并发表了上述讲话。Sun was born in 1866 in the former residence and died in 1925.He is known to the Chinese people as a great pioneer of China's democratic revolution for his leading role in the 1911 Revolution, which ended thousands of years of feudal rule in China.孙中山出生于1866年，逝世于1925年。他领导了辛亥革命，结束了中国几千年的封建统治，被中国人民称为中国民主革命的伟大先驱。He also lived in the former residence several times in the 1890s and 1910s.在19世纪90年代和20世纪10年代，他也曾多次住在这里。"Dr. Sun Yat-sen is the idol I've admired all my life. Today, as I visited his former residence, I was deeply moved," Ma said in a group interview.马英九在采访中表示：“孙中山先生是我一生崇拜的偶像。今天，当我参观他的故居，我深受触动。” "One hundred and thirteen years ago, Chinese society was marked by extreme poverty and backwardness, and the people could not see hope."“113年前，中国社会极度贫困落后，人民看不到希望。”Sun led the revolution for 40 years, striving to make the country more prosperous and to seek happiness for the people, Ma said, adding that Sun was a great man whose influence is everlasting for both sides of the Taiwan Strait.马英九说，孙中山领导革命40年，努力使国家更加繁荣，为人民寻求幸福，并补充说，孙中山是一个伟大的人，他的影响在台湾海峡两岸是永恒的。"The people on both sides of the Strait belong to the Chinese nation and are all descendants of the Yan Emperor and Yellow Emperor," Ma said.他说：“海峡两岸人民同属中华民族，都是炎黄子孙。”"I hope that people across the Strait can remember Dr. Sun's teachings-'peace, struggle, save China'.“我希望海峡两岸的人们都能记住孙先生的教诲——‘和平、奋斗、救中国'。”"I earnestly hope that both sides can cooperate together, avoid war, commit to peace, struggle, rejuvenate China, and jointly create peace and prosperity.“我真诚希望双方合作，避免战争，坚持和平，奋斗，振兴中国，共同创造和平与繁荣。”"This is also the greatest wish of our generation of Chinese people."“这也是我们这一代中国人最大的心愿。”Ma led the youth delegation in offering a flower basket to a statue of Sun inside the museum near the former residence.马英九带领台湾青年代表团向孙中山故居附近的博物馆里的孙中山雕像献上花篮。The 20 members of the youth delegation also toured the former residence and viewed a museum exhibition detailing Sun's upbringing and revolutionary history.台湾青年代表团的20名成员还参观了孙中山故居，并参观了一个详细介绍孙中山成长经历和革命历史的博物馆展览。Ma and his group also visited the office of BYD, China's largest electric vehicle manufacturer, and the Hong Kong-Zhuhai-Macao Bridge on Tuesday.2024年4月2日，马英九及其代表团还参观了中国最大的电动汽车制造商比亚迪的办公室和港珠澳大桥。At BYD's office, accompanied by Song Tao, head of the Taiwan Affairs Office of the State Council, Ma learned about the company's most advanced electric vehicle technology and products and inquired about the mainland's incentive policies for promoting electric vehicles.在国务院台湾事务办公室主任宋涛的陪同下，马英九在比亚迪的办公室了解了该公司最先进的电动汽车技术和产品，并询问了大陆推广电动汽车的激励政策。"Which one is the most effective policy encouraging electric vehicles?" he asked.他问道：“哪一项政策对于鼓励新能源汽车是最有效的？”A BYD executive responded that "the most effective measure is 6.6 million charging piles, or the supporting infrastructure."比亚迪的一位高管回答说：“最有效的措施是660万个充电桩，即配套的基础设施。”According to the National Development and Reform Commission, the Chinese mainland had built more than 6.6 million charging piles of various types nationwide by the end of June last year.根据国家发展和改革委员会的数据，截至去年6月底，中国大陆已在全国范围内建设了660多万个不同类型的充电桩。Song added that new energy vehicles enjoy certain preferential policies regarding road use rights and license plate distribution, making more consumers willing to purchase electric vehicles.宋涛补充说，新能源汽车在道路使用权和车牌分配方面享有一定的优惠政策，这使得更多的消费者愿意购买新能源汽车。In the afternoon, Ma and his group visited the Hong Kong-Zhuhai-Macao Bridge to learn about its construction and operation.下午，马英九一行人参观了港珠澳大桥，了解了大桥的建设和运营情况。rejuvenatev.使年轻；使更新；使恢复精神incentive policies激励政策

For access to the report and for more information on the commission: Home - PPBE Reform Commission (senate.gov) Hosted on Acast. See acast.com/privacy for more information.

China announced on Friday that it will quintuple the transaction limit for foreigners' mobile payments as the country enhances efforts to address payment challenges faced by international visitors.3月1日，中国宣布，将把外国人移动支付的交易限额提高五倍，以此来加大力度解决国际游客面临的支付难题。Zhang Qingsong, deputy governor of the People's Bank of China, the country's central bank, said it will guide major payment institutions like Alipay to raise the single transaction limit of mobile payment for foreigners in China from $1,000 to $5,000 and lift the annual cumulative transaction limit from $10,000 to $50,000.中国人民银行副行长张庆松表示，将指导支付宝等主要支付机构将外国人在华移动支付单笔交易限额从1000美元提高到5000美元，并提高年度累计交易限额从10,000美元到50,000美元。Also to facilitate foreigners' mobile payments in China, Zhang said at a news conference on Friday that the central bank will support payment institutions to enable foreign users to more efficiently link their mobile payment accounts with foreign bank cards and streamline identity authentication procedures.张庆松在周五的新闻发布会上表示，为了便利外国人在中国的移动支付，央行将推动支付应用允许外国用户将移动支付账户与外国银行卡关联，并简化身份认证程序。The move comes as China intensifies efforts to tackle payment difficulties faced by some foreign visitors who rely on bank cards or cash for payment, whereas mobile payment prevails in China.当下移动支付盛行，中国正在加大力度解决部分外国游客因依赖银行卡或现金支付所面临的支付困难。The central bank has been addressing the issue by facilitating foreign visitors' bank card payments in large transactions, promoting their mobile payment via QR codes in small amounts, and guaranteeing cash payment as the last resort.央行一直在致力于这一问题的解决，为外国游客大额交易银行卡支付提供便利，推广二维码小额移动支付，并保障现金支付作为最后手段。Data from the central bank showed that nearly 4 million foreign visitors used mobile payment in China last year and made more than 70 million transactions with a total value of more than 10 billion yuan ($1.38 billion).央行的数据显示，去年有近400万外国游客在中国使用移动支付，并进行了超过7000万笔交易，总价值超过100亿元人民币。Zhang said a guideline, which was approved by the State Council, China's Cabinet, on Feb 23 and will be published soon, promotes the acceptance of foreign bank cards, guarantees the use of cash, improves mobile payment convenience and optimizes account services.张庆松表示，2月23日，中国国务院即将发布已批准的指导意见，推动境外银行卡受理，保障现金使用，提高移动支付便利性，优化账户服务。He added that the PBOC, together with the National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce and the Ministry of Culture and Tourism, will establish a cross-departmental collaboration mechanism to implement the guideline.他补充道，中国人民银行将会同国家发展改革委、交通运输部、商务部、文化和旅游部建立跨部门协作机制，落实好《意见》。Shi Zeyi, head of the Ministry of Culture and Tourism's international exchange and cooperation bureau, said the country will continue to provide offline, manned ticketing services at tourist attractions and optimize foreign tourists' online and offline payment experiences.文化和旅游部国际交流合作局局长石泽一表示，国家将继续在旅游景区提供线下人工售票服务，优化外国游客线上线下支付体验。China's inbound tourism has recovered as the country saw 3.23 million inbound travelers during this year's Spring Festival holiday, the ministry's data showed.旅游部数据显示，今年春节期间，中国入境旅游已恢复至323万人次。Liu Chunsheng, an associate professor at the Central University of Finance and Economics, said China's efforts to make mobile payment services more convenient will improve foreigners' experiences here as mobile payment has become a "daily necessity" in many cases. "This is also a sign that China is devoted to opening its market wider after the COVID-19 pandemic, providing the world with more business opportunities," Liu said.中央财经大学副教授刘春生表示，移动支付在很多情况下已成为日常生活必需品，中国所做的努力将改善外国人在中国的体验。不难看出，新冠疫情以后，中国一直致力于扩大市场开放，为世界提供更多商机。The tone-setting Central Economic Work Conference, held in December, stressed the need to make it easy for foreigners to do business, study and travel in China.12月召开的中央经济工作会议强调，要为外国人来华经商、留学、旅游提供便利。quintuple 英/kwɪnˈtjuː.pəl/ 美/kwɪnˈtuː.pəl/v. 是原来的五倍inbound travelers入境旅游者

Chinese shoppers swarmed to e-commerce platforms and snapped up discounted items worth hundreds of billions of yuan during this year's Singles Day shopping extravaganza, pushing up the sales of domestic brands and premium goods.Experts said this indicates the enormous vitality and resilience of the country's consumer market.As China's biggest shopping event of the year, the Double 11, or 11-11, promotional gala, which began in late October and peaked on Saturday, has played a vital role in stimulating people's purchasing appetites and bolstering the recovery of consumption and economic growth, they added.Past Double 11 festivals were characterized by record-smashing gross merchandise volume, or GMV, through discount-led sales. However, chasing high GMV is no longer the focus, industry observers said, noting that Chinese shoppers are becoming more rational and carefully reviewing their needs, with an emphasis on quality and value.Tmall, Chinese tech heavyweight Alibaba Group's business-to-customer platform, said that 402 brands, including 243 domestic ones, saw their sales surpass 100 million yuan ($13.7 million) from 8 pm on Oct 31 to midnight on Saturday. The turnover of 38,000 brands surged more than 100 percent year-on-year during this period.Neither Alibaba nor JD, another prominent e-commerce platform, disclosed specific GMV figures for this year's shopping spree. Alibaba said only that the scale of users and merchants registered "remarkable "growth, which drove the overall growth of order volume and GMV.JD said its transaction volume, order volume and user engagement "reached record highs". The sales of over 60 brands surpassed 1 billion yuan, and nearly 20,000 brands witnessed their turnover increase threefold year-on-year over the weekslong promotion gala.Young Chinese consumers increasingly opt for high-quality homegrown brands, with the spending from the post-1990s and post-2000s generations accounting for 62 percent of the total sales of domestic brands, it added.Moreover, turnover of high-end electronic devices surged on JD's online marketplaces, with foldable smartphones up 300 percent, digital cameras higher by 100 percent, and gaming laptops up 50 percent during the shopping spree."Consumption has become the main driving force boosting China's economic growth, and the Singles Day shopping festival is pivotal to unleashing consumers' purchasing potential and promoting the recovery of the economy," said Wang Yun, a researcher at the Academy of Macroeconomic Research affiliated with the National Development and Reform Commission.According to Wang, domestic brands, especially those featuring creative designs incorporating traditional Chinese elements, are gaining popularity among China's younger generations, who have a growing sense of national pride and confidence in Chinese culture.Added significanceThis year's Double 11 promotion has added significance, as it was the first since China optimized its COVID-19 response measures, Wang said, adding that the country's consumer market has gained growth momentum, with the overall growth rate expected to reach about 7 to 8 percent this year.Major e-commerce players emphasized low prices and made their promotion methods simpler during this year's Singles Day shopping carnival, with direct price cuts being a preferred strategy.Britton Russell, who leads the consumer and retail practice at global consulting company Alix-Partners' China division, said that"2023 marks the first post-pandemic Singles Day, where consumption returns to normal levels. We are seeing stronger sentiment and spending, evidenced by the 18 percent increase in total spending compared with 2022".While value-based shopping is nothing new, consumers are more prudent and knowledgeable about potential purchases than ever before, as they seek maximum value with every purchase, he said.Russell also emphasized that "rational consumption drives the search for quality rather than flashy promotion".Jason Yu, general manager of Kantar Worldpanel China, a market research provider, said that Chinese consumers were more value-conscious during this year's shopping spree. "They hope to buy cost-effective commodities, rather than just obtaining low-priced goods at the cost of quality."China's consumption market recovered in the first three quarters of this year. Retail sales, a significant indicator of consumption strength, grew 6.8 percent year-on-year during the January-September period, according to the National Bureau of Statistics.Chinese shoppers are also willing to devote their attention to more novel platforms that blur the boundaries between entertainment and retail, particularly in livestreaming e-commerce provided by short-video platforms such as Douyin and Kuaishou, a report from consultancy Bain& Co said.Reporter: Fan Feifei

There was a time when Singles Day was a one-day online shopping festival on Nov 11 in China. Over the years, it has gone global, evolved into an online-and-offline shopping extravaganza, besides providing a platform for product and brand launches and introducing a myriad of innovations. This year, Singles Day will be spread over several weeks, not just days, perhaps the longest format ever, and is expected to boost demand and bolster consumption recovery.每年11月11日的光棍节曾是中国为期一天的网络购物节。近年来，它已经发展为一个全球性的线上线下购物盛会，为产品和品牌发布提供平台，并引入了众多创新形式。今年的光棍节可能会是有史以来最长的一次，将持续数周，而非数天，推动需求，促进消费复苏。Also known as 11-11 or Double Eleven, this year's festival will see major e-commerce platforms provide steep discounts and low-priced products. This is expected to stimulate consumers' purchasing appetites and thereby boost sales, experts said.光棍节也被称为双十一。今年，各大电商平台将推出大幅折扣及低价商品。专家表示，此举有望激发消费者的购买欲望，从而提高销售额。E-tailers, experts further said, should continuously increase investments to improve consumers' shopping experiences and launch new commodities. They should also upgrade supply chain systems and logistics by leveraging innovative digital technologies. Such measures can help attract a new breed of users, especially young shoppers.专家进一步表示，电商应该持续增加投资，改善消费者的购物体验，推出新产品。他们还应利用创新数字技术升级供应链系统及物流。这些举措可以吸引新一代用户，尤其是年轻的购物者。Alibaba Group Holding Ltd will kick off this year's 11-11 presale at 8 pm on Tuesday. It has promised to reduce prices, hand out coupons to consumers and offer discounts on over 80 million commodities.阿里巴巴集团控股有限公司将于周二晚间8时启动今年的双十一预售活动。集团承诺降低价格，向消费者发放优惠券，并为超过8000万种商品提供折扣。China's consumer market boasts immense growth potential and resilience, and people's growing need for a better life is bound to unleash huge consumption demand, said Dai Shan, CEO of Alibaba's Taobao and Tmall Group.阿里巴巴淘天集团首席执行官戴珊表示，中国的消费市场拥有巨大的增长潜力和韧性，人们对更好生活的向往必将释放巨大的消费需求。The group, a pioneer of e-commerce and China's largest e-tailer by sales and profits, will empower small and medium-sized merchants by helping the latter achieve digitalized operations, Dai said.戴珊说，淘天集团是电商的先驱，也是中国销售额最高、利润最大的电商公司。集团将帮助中小型商家实现数字化运营，以此为其赋能。JD, another Chinese e-commerce giant, started its 11-11 presale at 8 pm on Monday, a week earlier than in previous years. More than 500 million new commodities, many of them cut-rate goods, are on offer.京东是另一家中国电商巨头，将比往年提前了一周，于周一晚间8时开启今年的双十一预售活动。超过5亿种新商品正在促销中，其中包括许多低价商品。Xin Lijun, CEO of JD Retail, a unit of JD, said the e-tailer swears by its low-price strategy, and will provide premium products with a guarantee for quality service.京东零售首席执行官辛利军认为，京东将坚持低价策略，为高端产品提供高质量服务保障。This year's 11-11 has added significance as it comes after the country had optimized its COVID-19 response measures, said Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy.网经社电子商务研究中心高级分析师莫岱青说，由于国家调整了新冠肺炎的应对措施，今年的双十一具有特殊意义。"E-commerce platforms are taking a more pragmatic approach this time and making their promotional methods simpler, with emphasis on low-priced products, which should attract price-conscious customers, improve user loyalty and repurchase rates, and bolster sales," Mo said.莫岱青认为：“此次双十一电商平台采取了更加务实的方法，简化了推广方式，重视低价商品，将吸引注重价格的消费者，提高用户忠诚度及复购率，提高销售额。”Both Taobao and JD face intensified competition from video-sharing and livestreaming platforms, including Douyin and Kuaishou, which are betting big on e-commerce in livestreaming format.淘宝和京东都面临着短视频及直播平台的激烈竞争。如直播平台抖音和快手，均对直播电商压下巨注。China's consumption market recovered in the first three quarters of this year. In the first nine months, retail sales increased 6.8 percent year-on-year; in September, the corresponding figure was 5.5 percent, up from 4.6 percent in August, data from the National Bureau of Statistics showed.中国消费市场在今年前三个季度得以恢复。国家统计局数据显示，今年前九个月中，零售销售额同比增长6.8％；9月份这一数字为5.5％，高于8月份的4.6％。Consumption contributed 83.2 percent to China's economic growth during the January-September period.1月至9月，消费对中国经济增长的贡献率为83.2％。In recent months, several measures were sought to spur consumption of both products and services, including automobiles, electronics, housing and home decor, in order to revive recovery momentum and stabilize the economy.近几个月，国家采取了多项举措以刺激商品及服务消费，包括汽车、电子产品、住房及家居装饰，以期恢复经济增长势头，稳定经济形势。"Consumption has become the main driving force boosting China's economic growth," said Wang Yun, a researcher at the Academy of Macroeconomic Research, which is affiliated with the National Development and Reform Commission. More stimulus policies are needed to stabilize and expand employment, raise household incomes and boost spending, he said.国家发展改革委宏观经济研究院研究员王云说：“消费已成为促进中国经济增长的主要驱动力。”我们需要更多的刺激政策来稳定和扩大就业，提高家庭收入，促进消费。Jason Yu, general manager of Kantar Worldpanel China, a market research provider, said Chinese consumers are more rational now, carefully reviewing their needs, with a focus on quality and value. "They aspire to buy cost-effective products, not low-priced, low-quality goods."市场咨询公司商凯度消费者指数中国区总经理虞坚表示，目前，中国消费者已变得更加理性，能够审视个人需求，关注质量和价值。他说：“他们希望购买高性价比产品，而非低价、低质量的商品。”Extravaganza英/ɪkˌstrævəˈɡænzə/美/ɪkˌstrævəˈɡænzə/n.盛会；华丽的娱乐表演E-commerce platformn.电商平台E-tailorn.电子零售商

The impressive facts and figures in the encompassing policy document unveiled by China on Tuesday on the 10-year-old Belt and Road Initiative are a convincing illustration of the vast and tangible results achieved by the nation and its partners, and highlight the potential for the landmark vision's further growth, experts said.They made these observations as the State Council Information Office held a news conference in Beijing to issue a white paper titled "The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future".In September and October of 2013, President Xi Jinping proposed the initiatives of jointly building a Silk Road Economic Belt and a 21st Century Maritime Silk Road, which became known as the Belt and Road Initiative.Over the past decade, the BRI has "helped to resolve global development challenges and improve the global governance system", and "has also opened up a new path for all humanity to realize modernization", the white paper said.Noting that the BRI is "a public road open to all, not a private path owned by any single party", the document said the vision "is free from geopolitical calculations"."Countries from Eurasia, Africa, the Americas, and Oceania are all welcome to participate in the initiative, regardless of their political system, historical background, culture, development stage, ideology, or religious beliefs, as long as they seek common development," it said.Cong Liang, vice-chairman of the National Development and Reform Commission, noted that China's total imports and exports with countries involved in the BRI reached $19.1 trillion in the 2013-22 period, registering an average annual growth rate of 6.4 percent.Speaking on the overall progress of the initiative, he noted that more than 150 countries and 30 international organizations have so far joined the BRI family.Over the past decade, the countries' efforts to jointly build the Belt and Road "have fully realized the shift from a concept to actions, and from a vision to reality".Guo Tingting, vice-minister of commerce, noted that two-way investment between China and other countries involved in the BRI totaled more than $380 billion between 2013 and 2022, among which China's outward direct investment exceeded $240 billion.These countries "have also actively invested in China and shared China's development opportunities, with a cumulative total of more than $140 billion invested in China over the past decade and close to 67,000 new enterprises set up in China", she said.Wang Yiwei, a professor at the School of International Studies and director of the Institute of International Affairs at Renmin University of China, said that over the past 10 years, "the BRI has found the key to spur economic growth, as it catalyzes infrastructure construction, the reshaping of production chains, and negotiations on investment and trade facilitation"."Advancing poverty relief, narrowing wealth disparity and boosting effective global governance are the three major effects of the BRI's focus on infrastructure and connectivity," he said.Highlighting fruitful outcomes achieved within the BRI framework, Xu Xiujun, director of the International Political Economy Department of the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said the initiative "has listed producing tangible benefits for the peoples in countries taking part in the BRI as one of its major goals, and their sense of gain has indeed been constantly on the rise and increasingly self-evident".He noted that as the vision has entered the stage of seeking high-quality development, it should work for more coordinated growth in connectivity among hardware and software.Beijing is set to host the Third Belt and Road Forum for International Cooperation later this month, an event that will provide a venue for a wide range of highly anticipated bilateral and multilateral diplomacy.Representatives from over 130 countries and more than 30 international organizations have confirmed their plans to attend the forum, Li Kexin, director-general of the Foreign Ministry's Department of International Economic Affairs, told reporters. China has so far held major gatherings on the BRI in 2017 and 2019.The upcoming forum "is not only the grandest event to commemorate the 10th anniversary of the BRI, but also an important platform for discussing BRI cooperation", Li said, adding that the forum's detailed schedule will be released in due course.China is ready to take the upcoming forum as an opportunity to make new achievements in high-quality co-building of the Belt and Road, he added.Reporter: Zhang Yunbi

The latest vision set out by President Xi Jinping on revitalizing China's northeastern region has pointed the way for the area to become a pillar of national strategies and better respond to challenges including population outflows, according to analysts.Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, outlined the vision for the region's revitalization while convening a symposium in Harbin, the capital of Heilongjiang province, on Thursday.He listened to briefings at the symposium from the Party chiefs of Liaoning, Jilin and Heilolngjiang provinces and the Inner Mongolia autonomous region, as well as from Zheng Shanjie, head of the National Development and Reform Commission.Xi presided over a similar symposium in Shenyang, Liaoning province, five years ago. He also chaired a high-level meeting last year in Shenyang on the revitalization of the northeastern region, one of China's grain production bases and a traditional manufacturing powerhouse that has undergone economic slowdown and seen an outflow of population.Noting that northeastern China boasts rich resources, solid industrial foundations, favorable geological locations and significant development potential, Xi said that the region now faces great new opportunities.It is important for the region to promote industrial innovation via scientific and technological innovation and accelerate the modernization of its distinctive industrial system, Xi said.Advancing the Chinese path to modernization will also require the region to step up its role as a strategic pillar, he said.In striving for the full revitalization of northeastern China, the real economy is the foundation, sci-tech innovation is the key and industrial upgrading is the direction, he added.Xi also called on the region to accelerate the digital, online and smart transformation of the traditional manufacturing sector and proactively develop emerging sectors such as new energy, new materials, advanced manufacturing and electronics.Zhang Fei, vice-president of the China Institute for Reform and Development, said that Xi emphasized the development of industries at the latest symposium because the upgrading and transformation of the manufacturing sector in northeastern China is not only monumental for the region, but also for the whole nation.“Over the past four decades, the northeastern region has seen an increasingly diminishing share in the total GDP of the nation. However, the region still boasts a fairly large number of top universities and a sound industrial structure, giving the region vast potential for future growth,” Zhang said.President Xi has again stressed the region's role in ensuring China's food security, saying that the primary responsibility of the region is serving as the “ballast” for stable grain production and supply.The region should always prioritize the ensuring of China's food security, accelerate steps to modernize agriculture and rural areas, and bolster the capacity for grain production across the board, Xi added.Zhang said the grain production volume of China's northeastern provinces accounted for more than 20 percent of the national total in 2022, and the region's role has become even more prominent, as the Ukraine crisis led to the worsening of global food security.Xi has underlined the region's role in China's food security during each of his inspection trips to the region over the past decade, calling for the region to beef up the protection of the fertile black soil.On Thursday, he expressed expectations that the region will make greater strides in opening-up, saying that the region must steadily expand opening-up in rules, regulations, management and standards, and improve capacity in customs clearance.He called for retaining and attracting talent to the region, reducing the burden of families on raising children, and maintaining a proper level of birth ratio and population scale.According to statistics released by authorities of Jilin, Liaoning and Heilongjiang provinces, the three provinces all registered negative growth in population in 2022, with the three seeing the number of their permanent residents down by a total of 860,000.Zhang Keyun, a regional economics professor at Renmin University of China, said that the efforts by the region to promote industrial upgrading and cope with an aging society could have implications at the national level.“If the region can come up with effective solutions to the challenges, it could well pioneer the solutions at the national level and continue serving as the pillar for the nation's high-quality growth.”Reporter: Xu WeiEdit: Zhou ChanRevitalization英/ˌri:ˌvaɪtəlaɪ'zeɪʃn/美/ˌriˌvaɪtəlaɪ'zeɪʃn/n.复兴；新生Symposium英/sɪmˈpəʊziəm/美/sɪmˈpoʊziəm/n.座谈会，研讨会

Few people know the innards of Defense department finance, as well as Bob Hale. He was comptroller and chief financial officer. He was an assistant Air Force secretary for financial management. And he spent a dozen years at the Congressional Budget Office, heading its defense group. Among his current gigs: Chairman of the Congressionally-chartered commission examining DoD's Planning, Programming, Budgeting and Execution (PPBE) process. In this exclusive extended interview, Federal Drive Host Tom Temin, talks with PPBE Chairman Bob Hale. Learn more about your ad choices. Visit megaphone.fm/adchoices

China has set up a bureau under the country's top economic planner specializing in promoting the private economy's development.中国已设立民营经济发展局，以促民营经济发展。The bureau was established to strengthen policy coordination in relevant areas, and ensure that related measures are implemented as early as possible and achieve tangible results, Cong Liang, deputy head of the National Development and Reform Commission, told a press conference on Monday.9月3日，国家发改委副主任丛亮在发布会上表示，成立该局是为了加强相关领域的政策协调，确保相关措施尽早落实并取得实效。Main responsibilities of the bureau include tracking, studying and analyzing the development of the private economy, coordinating and organizing the formulation of policies and measures to promote its development, and formulating policies to promote the growth of private investment, according to the commission.据国家发改委介绍，该局的主要职责包括跟踪了解和分析研判民营经济发展状况，统筹协调、组织拟订促进民营经济发展的政策措施，拟订促进民间投资发展政策。The bureau will also be responsible for establishing a mechanism for regular communication with private enterprises, coordinating efforts to solve major problems concerning the development of the private economy, and working toward enhancing its international competitiveness.建立与民营企业的常态化沟通交流机制，协调解决民营经济发展重大问题，协调支持民营经济提升国际竞争力。Source:XinhuaIntern:Zang TianyiPrivate英/ˈpraɪvət/ 美/ˈpraɪvət/adj.（private）私有的；Competitiveness英/kəmˈpetətɪvnəs/ 美/kəmˈpetətɪvnəs/n.竞争力

The expert panel Congress assembled to find fixes to the Pentagon's archaic planning and budgeting process won't deliver its final prescription for reform until next spring. But its members say there are at least some steps the Defense Department and Congress should start taking right now, particularly in light of the fact that fixing what's wrong is certain to be a years-long effort. The Commission on Planning, Programming Budgeting and Execution (PPBE) Reform published an interim report this week, previewing 10 of the possible recommendations it might make in its final edition next March, and urging lawmakers and DoD to start taking at least some specific steps toward improving the budget system right away. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, China came out with a dramatic new policy on green certificates, radically reforming what had been a sleepy aspect of the clean energy transition in China. We don't usually do breaking news here on Environment China, but it happens that our co-producer, Anders Hove, has just published a paper on the topic as well as a short reaction article to the new policy. (Links below.) The new green certificate policy, issued by the National Development and Reform Commission, Ministry of Finance, and National Energy Administration, expands China's domestic renewable energy certificate scheme from onshore wind and solar to all types of renewables. The expansion means that all renewable projects will now be able to generate Green Electricity Certificates, or GECs, though only some will be traded. The policy reforms how GECs are priced and it also bans domestic generators from selling international renewable energy certificates to prevent double counting.  Further reading: Anders Hove and Gary Sipeng Xie, "Green certificates with Chinese characteristics: Will green certificates help China's clean energy transition?" Oxford Institute for Energy Studies, 8 August 2023, at https://a9w7k6q9.stackpathcdn.com/wpcms/wp-content/uploads/2023/08/CE9-Green-certificates-with-Chinese-characteristics.pdf. Anders Hove, "After China's new green certificate policy, major questions remain," Oxford Institute for Energy Studies (LinkedIn article), 11 August 2023, at https://www.linkedin.com/pulse/after-chinas-new-green-certificate%3FtrackingId=ZOupiyoVR1GeYGktG%252BCJjw%253D%253D/?trackingId=ZOupiyoVR1GeYGktG%2BCJjw%3D%3D. 

China Center Program Manager Shane Leary joins Miles Yu to discuss the China's National Development and Reform Commission's efforts to stimulate China's private sector as the economy falters. They then talk about Henry Kissinger's peculiar visit with Xi Jinping, and Miles frames the meeting as elder abuse. Finally, the hosts address a recent Russian missile strike, which accidentally damaged the Chinese consulate in Odesa, and China's reaction.Follow the China Center's work at: https://www.hudson.org/china-center

The upcoming China-Central Asia Summit, to be chaired by President Xi Jinping, will further elevate ties between China and the five Central Asian countries, bring economic and trade cooperation to a higher level and deliver more tangible benefits to the people, officials and analysts said.Xi will chair the summit on May 18 and 19 in Xi'an, Shaanxi province, Foreign Ministry spokeswoman Hua Chunying announced on Monday.The summit will bring together President Kassym-Jomart Tokayev of Kazakhstan, President Sadyr Japarov of Kyrgyzstan, President Emomali Rahmon of Tajikistan, President Serdar Berdimuhamedov of Turkmenistan, and President Shavkat Mirziyoyev of Uzbekistan, she said.The gathering, one of the major diplomatic events to be hosted by China this year, will be a significant milestone in the history of ties between the two sides, Wang Wenbin, a Foreign Ministry spokesman, said at a news briefing on Monday.Xi will deliver an important speech at the summit, and the six heads of state will exchange views on the development of the China-Central Asia mechanism, cooperation in various sectors and major international and regional issues of common concern, he said.Key political documents will also be signed during the summit, he said. "It is our belief that under the joint efforts from various sides, the summit will draw up a new blueprint for China-Central Asia relations and usher in a new era for cooperation."Total trade volume between China and the five Central Asian countries reached a record $70 billion last year, according to the National Development and Reform Commission.Li Yongquan, head of the China Society for Russian, Eastern European and Central Asian Studies, said China has always respected the five Central Asian countries' sovereignty, independence and their right to choose development paths suited to their own national conditions."China has always seen Central Asia as a priority in its neighborhood diplomacy, while the stability and development of the region is directly related to China's own development," Li said.Last year, Xi chaired a virtual summit in Beijing to commemorate the 30th anniversary of the establishment of diplomatic relations between China and the Central Asian countries, during which he announced a plan to provide grant assistance of $500 million to the countries to support livelihood programs.Xi also made Kazakhstan the destination of his first foreign trip since the outbreak of the COVID-19 pandemic, paying a state visit to the nation in September.Going forward, the building of an even closer community with a shared future between China and Central Asia will give fresh impetus to bilateral ties and contribute to the region's security, stability and development, said Li from the China Society for Russian, Eastern European and Central Asian Studies.Zhao Huirong, a research fellow at the Chinese Academy of Social Sciences' Institute of Russian, Eastern European and Central Asian Studies, said that the elevation of the multilateral mechanism between China and the five countries indicated a new level of emphasis placed on the relationship."A summit between heads of state will help build a strong pillar for the building of a community with a shared future between the two sides and lead the way for the future growth of ties," she said.Central Asia is the place where Xi proposed the Silk Road Economic Belt, the forerunner of the Belt and Road Initiative. The region has also played pivotal roles in the BRI going global, Zhao added."The five nations are active participants and beneficiaries from the BRI, and we have reasons to believe that the summit will help scale up pragmatic cooperation and enable the region to continue leading the way for BRI cooperation," she said.China and the five countries agreed during a foreign ministers' meeting last year to establish the China-Central Asia Summit mechanism, with the six countries to hold biennial summits starting this year.Summit英/ˈsʌmɪt/ 美/ˈsʌmɪt/n.（政府间的）首脑会议，峰会Anniversary英/ˌænɪˈvɜːsəri/ 美/ˌænɪˈvɜːrsəri/n.周年纪念（日）

This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, October 19th, 2022. Happy hump day everyone! I hope your week is going well, and before we get to the news, are you looking to move to Moscow? Then I need to tell you about Story Real Estate! Story Real Estate: Home. It’s where you build your legacy. Where traditions are started, seeds are planted, meals are shared, and stories are told. Home is where you prepare to go out into the world. Finding the home that’s perfect for your family is a big job. Story Real Estate is Moscow’s top real estate team. They give people real estate advice all over the country. Family homes, investments, land, new construction, or commercial— they know real estate. If you’ve thought about a move to Moscow or anywhere in the country, reach out to get connected with a Story Real Estate agent. Wherever you’re going, they can help guide you Home. Visit storyrealestate.com. https://dossier.substack.com/p/the-cdc-will-vote-thursday-to-permanently?utm_source=twitter&sd=pf The CDC will vote Thursday to permanently shield Pfizer and Moderna from COVID vaccine injury liability A CDC committee will convene this week and likely vote Thursday to deliver permanent legal indemnity to Pfizer and Moderna, through the process of adding the drug companies’ mRNA injections to the child and adolescent immunization schedules. By adding the shots to the childhood schedule, the CDC’s Advisory Committee on Immunization Practices (ACIP) will transfer liability for vaccine injuries to the federal government’s National Vaccine Injury Compensation Program (VICP), allowing for Pfizer and Moderna to finally bring an FDA approved shot to the market without opening itself up to lawsuits. Moreover, it will act as another windfall for companies that have already brought in hundreds of billions of dollars in revenues, by requiring these vaccinations for children who attend public schools. In March 2020, the federal government invoked the PREP Act, which gave Pfizer and Moderna a tort liability shield due to the declared “public health emergency,” which the government is reportedly going to revoke in early 2023. The companies’ emergency use authorization shots have since been protected by the federal government through this 2005 congressional action. A draft agenda published by the CDC shows what will be on the schedule for Wednesday and Thursday’s meetings. The Health Resources & Services Administration has clarified what needs to happen for a vaccine to become liability free: “For a vaccine to be covered, the Centers for Disease Control and Prevention (CDC) must recommend the category of vaccine for routine administration to children or pregnant women, and it must be subject to an excise tax by federal law.” The Dossier has reported extensively on the coordinated effort by Big Pharma and the Biden Administration to delay the rollout of an FDA approved COVID vaccine, with legal experts suspecting the process is in place to protect Pfizer and Moderna from legal liability from vaccine injuries. Once described as the cure to the coronavirus, the novel mRNA shots have resulted in catastrophic failure, with a side effect profile exponentially higher than advertised. Thanks to a fraudulent, deceptive marketing campaign, assisted by top federal officials and high-profile pharmaceutical executives, the drugmakers and the federal government convinced millions of Americans to take shots that were much more dangerous (especially for young men), and much less effective than advertised. Over the course of COVID Mania, Pfizer and Moderna have raked in hundreds of billions of dollars in liability free dollars, enriching their executives and board members beyond their wildest dreams. Thanks to Big Pharma’s successful regulatory capture of Government Health, and corrupt bureaucrats’ willing compliance, it looks like the mRNA drug cartel will be completely off the hook when it comes to compensating the countless Americans who were harmed by their junk products. https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections. Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal. Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day. The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections. Biden recently campaigned in California where gas prices are nearly seven dollars a gallon. When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.” Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer. “[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs. https://www.dailyfetched.com/china-cuts-off-natural-gas-supplies-to-europe-just-in-time-for-winter/ China Cuts Off Natural Gas Supplies to Europe, Just in Time for Winter Communist China has told state-owned energy-importing companies to cease sending natural gas supplies to European nations already facing a catastrophic winter. According to Bloomberg, the Chinese Communist Party’s National Development and Reform Commission also told the state-owned energy giants CNOOC, PetroChina, and Sinopec to halt shipments of liquified natural gas to foreign buyers in Europe and Asia. China scooped up excess Russian gas since the war in Ukraine, as Europe faces an unprecedented energy crisis. The communist nation has managed to build up an excess of liquified natural gas amid lockdowns to comply with Beijing’s zero-Covid agenda. As Russia reduced shipments to the European Union in response to the bloc’s support of Ukraine and sanctions on Moscow, China began reselling its surplus LNG cargo to the EU at inflated prices. According to estimates, some four million tonnes of liquid natural gas was resold by China, which accounts for approximately seven percent of Europe’s imports during the same period. The Chinese government has not given a specific reason for halting the supply of natural gas supplies on the open market. However, the move could be an attempt by Xi Jinping to aid his ally Vladimir Putin in putting the squeeze on Europe at a crucial moment. Despite falling gas prices in Europe from their high in August, the European Union is still considering placing a price cap on imported LNG. Russia’s state-owned Gazprom responded by threatening to cut off all shipments to Europe, forcing the EU to reach out to countries like China selling on the international market. The EU globalists have rushed towards their green agenda and forestalled domestic energy production, specifically Germany, which banned fracking for its own natural gas in favor of cleaner alternatives. The move, however, has just left the bloc beholden to Russia to meet its energy needs and, ironically, China to meet its green goals – given that almost all solar panels are made in China. Last year, the head of the green lobbyist group, admitted: “Everybody knows what’s going on in China, and when facilities are based there, you have to accept that there’s a high possibility that forced labour will be used.” https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport Boston University Defends Controversial Study on COVID Hybrid Strain With ’80 Percent’ Mortality Rate in Mice Boston University issued a statement Tuesday defending its research of a COVID-19 Omicron strain when they took the variant’s spike protein and attached it to the original COVID-19 strain, leading to a higher mortality rate in a certain species of mice, triggering concern among lawmakers. “The Omicron S-bearing virus robustly escapes vaccine-induced humoral immunity, mainly due to mutations in the receptor-binding motif… while Omicron causes mild, non-fatal infection, the Omicron S-carrying virus inflicts severe disease with a mortality rate of 80 percent,” the preprint study said. Meanwhile, Emily Erbelding, director of the National Institute of Allergy and Infectious Diseases’s division of microbiology and infectious diseases, told Stat News that the Boston University’s grant application didn’t specify that researchers wanted to perform this work and the group did not say it was performing experiments to possible enhance a COVID-19 variant. An investigation is now underway, she said. Boston University issued a lengthy statement defending its research and said critics have misrepresented the goals of the study while refuting allegations that the study involved gain-of-function research, which can make a pathogen more deadly or transmissible. “The research was reviewed and approved by the Institutional Biosafety Committee (IBC), which consists of scientists as well as local community members,” the statement from Boston University said. “The Boston Public Health Commission also approved the research. Furthermore, this research mirrors and reinforces the findings of other, similar research performed by other organizations, including the FDA. Ultimately, this research will provide a public benefit by leading to better, targeted therapeutic interventions to help fight against future pandemics.” Certain reports about the study were “false and inaccurate,” Boston University official Ronald Corley said in a statement. A report from the Daily Mail, he alleged, took the “80 percent” line out of context. Club Membership Plug: Let’s stop and take a moment to talk about Fight Laugh Feast Club membership. By joining the Fight Laugh Feast Army, not only will you be aiding in our fight to take down secular & legacy media; but you’ll also get access to content placed in our Club Portal, such as past shows, all of our conference talks, and EXCLUSIVE content for club members that you won’t be able to find anywhere else. Lastly, you’ll also get discounts for our conferences… so if you’ve got $10 bucks a month to kick over our way, you can sign up now at fightlaughfeast.com. Now before we go… it’s time for my favorite topic, sports! https://www.boundingintosports.com/2022/10/report-nascar-to-review-bubba-wallaces-attack-on-kyle-larson-at-las-vegas/ Report: NASCAR To Review Bubba Wallace’s Attack On Kyle Larson At Las Vegas A report claims NASCAR will review Bubba Wallace’s attack on Kyle Larson that occurred during the race at Las Vegas Motor Speedway on Sunday. Now for those that never watch NASCAR, myself included, Bubba Wallace was the gentleman who claimed he found a noose in his garage at a NASCAR racetrack, a race baiting move… but it turned out to be just a regular noose used to open the garage door… anyways: During the race, Kyle Larson got loose underneath Bubba Wallace, but appeared to save the car. There does not appear to be any contact made between the two drivers at this point. However, Wallace slammed hard into the wall and bounced down the track into Larson. Larson then dived hard down into the track to avoid Wallace who chased him down the track and purposely clipped Larson in the rear quarter panel sending him spinning up the track into Christopher Bell and the outside wall. Here’s the commentator’s take live at the race: Kyle Larson, Bubba Wallace make contact, cause wreck at Las Vegas-Play Video 0:00-2:03

This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, October 19th, 2022. Happy hump day everyone! I hope your week is going well, and before we get to the news, are you looking to move to Moscow? Then I need to tell you about Story Real Estate! Story Real Estate: Home. It’s where you build your legacy. Where traditions are started, seeds are planted, meals are shared, and stories are told. Home is where you prepare to go out into the world. Finding the home that’s perfect for your family is a big job. Story Real Estate is Moscow’s top real estate team. They give people real estate advice all over the country. Family homes, investments, land, new construction, or commercial— they know real estate. If you’ve thought about a move to Moscow or anywhere in the country, reach out to get connected with a Story Real Estate agent. Wherever you’re going, they can help guide you Home. Visit storyrealestate.com. https://dossier.substack.com/p/the-cdc-will-vote-thursday-to-permanently?utm_source=twitter&sd=pf The CDC will vote Thursday to permanently shield Pfizer and Moderna from COVID vaccine injury liability A CDC committee will convene this week and likely vote Thursday to deliver permanent legal indemnity to Pfizer and Moderna, through the process of adding the drug companies’ mRNA injections to the child and adolescent immunization schedules. By adding the shots to the childhood schedule, the CDC’s Advisory Committee on Immunization Practices (ACIP) will transfer liability for vaccine injuries to the federal government’s National Vaccine Injury Compensation Program (VICP), allowing for Pfizer and Moderna to finally bring an FDA approved shot to the market without opening itself up to lawsuits. Moreover, it will act as another windfall for companies that have already brought in hundreds of billions of dollars in revenues, by requiring these vaccinations for children who attend public schools. In March 2020, the federal government invoked the PREP Act, which gave Pfizer and Moderna a tort liability shield due to the declared “public health emergency,” which the government is reportedly going to revoke in early 2023. The companies’ emergency use authorization shots have since been protected by the federal government through this 2005 congressional action. A draft agenda published by the CDC shows what will be on the schedule for Wednesday and Thursday’s meetings. The Health Resources & Services Administration has clarified what needs to happen for a vaccine to become liability free: “For a vaccine to be covered, the Centers for Disease Control and Prevention (CDC) must recommend the category of vaccine for routine administration to children or pregnant women, and it must be subject to an excise tax by federal law.” The Dossier has reported extensively on the coordinated effort by Big Pharma and the Biden Administration to delay the rollout of an FDA approved COVID vaccine, with legal experts suspecting the process is in place to protect Pfizer and Moderna from legal liability from vaccine injuries. Once described as the cure to the coronavirus, the novel mRNA shots have resulted in catastrophic failure, with a side effect profile exponentially higher than advertised. Thanks to a fraudulent, deceptive marketing campaign, assisted by top federal officials and high-profile pharmaceutical executives, the drugmakers and the federal government convinced millions of Americans to take shots that were much more dangerous (especially for young men), and much less effective than advertised. Over the course of COVID Mania, Pfizer and Moderna have raked in hundreds of billions of dollars in liability free dollars, enriching their executives and board members beyond their wildest dreams. Thanks to Big Pharma’s successful regulatory capture of Government Health, and corrupt bureaucrats’ willing compliance, it looks like the mRNA drug cartel will be completely off the hook when it comes to compensating the countless Americans who were harmed by their junk products. https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections. Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal. Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day. The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections. Biden recently campaigned in California where gas prices are nearly seven dollars a gallon. When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.” Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer. “[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs. https://www.dailyfetched.com/china-cuts-off-natural-gas-supplies-to-europe-just-in-time-for-winter/ China Cuts Off Natural Gas Supplies to Europe, Just in Time for Winter Communist China has told state-owned energy-importing companies to cease sending natural gas supplies to European nations already facing a catastrophic winter. According to Bloomberg, the Chinese Communist Party’s National Development and Reform Commission also told the state-owned energy giants CNOOC, PetroChina, and Sinopec to halt shipments of liquified natural gas to foreign buyers in Europe and Asia. China scooped up excess Russian gas since the war in Ukraine, as Europe faces an unprecedented energy crisis. The communist nation has managed to build up an excess of liquified natural gas amid lockdowns to comply with Beijing’s zero-Covid agenda. As Russia reduced shipments to the European Union in response to the bloc’s support of Ukraine and sanctions on Moscow, China began reselling its surplus LNG cargo to the EU at inflated prices. According to estimates, some four million tonnes of liquid natural gas was resold by China, which accounts for approximately seven percent of Europe’s imports during the same period. The Chinese government has not given a specific reason for halting the supply of natural gas supplies on the open market. However, the move could be an attempt by Xi Jinping to aid his ally Vladimir Putin in putting the squeeze on Europe at a crucial moment. Despite falling gas prices in Europe from their high in August, the European Union is still considering placing a price cap on imported LNG. Russia’s state-owned Gazprom responded by threatening to cut off all shipments to Europe, forcing the EU to reach out to countries like China selling on the international market. The EU globalists have rushed towards their green agenda and forestalled domestic energy production, specifically Germany, which banned fracking for its own natural gas in favor of cleaner alternatives. The move, however, has just left the bloc beholden to Russia to meet its energy needs and, ironically, China to meet its green goals – given that almost all solar panels are made in China. Last year, the head of the green lobbyist group, admitted: “Everybody knows what’s going on in China, and when facilities are based there, you have to accept that there’s a high possibility that forced labour will be used.” https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport Boston University Defends Controversial Study on COVID Hybrid Strain With ’80 Percent’ Mortality Rate in Mice Boston University issued a statement Tuesday defending its research of a COVID-19 Omicron strain when they took the variant’s spike protein and attached it to the original COVID-19 strain, leading to a higher mortality rate in a certain species of mice, triggering concern among lawmakers. “The Omicron S-bearing virus robustly escapes vaccine-induced humoral immunity, mainly due to mutations in the receptor-binding motif… while Omicron causes mild, non-fatal infection, the Omicron S-carrying virus inflicts severe disease with a mortality rate of 80 percent,” the preprint study said. Meanwhile, Emily Erbelding, director of the National Institute of Allergy and Infectious Diseases’s division of microbiology and infectious diseases, told Stat News that the Boston University’s grant application didn’t specify that researchers wanted to perform this work and the group did not say it was performing experiments to possible enhance a COVID-19 variant. An investigation is now underway, she said. Boston University issued a lengthy statement defending its research and said critics have misrepresented the goals of the study while refuting allegations that the study involved gain-of-function research, which can make a pathogen more deadly or transmissible. “The research was reviewed and approved by the Institutional Biosafety Committee (IBC), which consists of scientists as well as local community members,” the statement from Boston University said. “The Boston Public Health Commission also approved the research. Furthermore, this research mirrors and reinforces the findings of other, similar research performed by other organizations, including the FDA. Ultimately, this research will provide a public benefit by leading to better, targeted therapeutic interventions to help fight against future pandemics.” Certain reports about the study were “false and inaccurate,” Boston University official Ronald Corley said in a statement. A report from the Daily Mail, he alleged, took the “80 percent” line out of context. Club Membership Plug: Let’s stop and take a moment to talk about Fight Laugh Feast Club membership. By joining the Fight Laugh Feast Army, not only will you be aiding in our fight to take down secular & legacy media; but you’ll also get access to content placed in our Club Portal, such as past shows, all of our conference talks, and EXCLUSIVE content for club members that you won’t be able to find anywhere else. Lastly, you’ll also get discounts for our conferences… so if you’ve got $10 bucks a month to kick over our way, you can sign up now at fightlaughfeast.com. Now before we go… it’s time for my favorite topic, sports! https://www.boundingintosports.com/2022/10/report-nascar-to-review-bubba-wallaces-attack-on-kyle-larson-at-las-vegas/ Report: NASCAR To Review Bubba Wallace’s Attack On Kyle Larson At Las Vegas A report claims NASCAR will review Bubba Wallace’s attack on Kyle Larson that occurred during the race at Las Vegas Motor Speedway on Sunday. Now for those that never watch NASCAR, myself included, Bubba Wallace was the gentleman who claimed he found a noose in his garage at a NASCAR racetrack, a race baiting move… but it turned out to be just a regular noose used to open the garage door… anyways: During the race, Kyle Larson got loose underneath Bubba Wallace, but appeared to save the car. There does not appear to be any contact made between the two drivers at this point. However, Wallace slammed hard into the wall and bounced down the track into Larson. Larson then dived hard down into the track to avoid Wallace who chased him down the track and purposely clipped Larson in the rear quarter panel sending him spinning up the track into Christopher Bell and the outside wall. Here’s the commentator’s take live at the race: Kyle Larson, Bubba Wallace make contact, cause wreck at Las Vegas-Play Video 0:00-2:03

This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, October 19th, 2022. Happy hump day everyone! I hope your week is going well, and before we get to the news, are you looking to move to Moscow? Then I need to tell you about Story Real Estate! Story Real Estate: Home. It’s where you build your legacy. Where traditions are started, seeds are planted, meals are shared, and stories are told. Home is where you prepare to go out into the world. Finding the home that’s perfect for your family is a big job. Story Real Estate is Moscow’s top real estate team. They give people real estate advice all over the country. Family homes, investments, land, new construction, or commercial— they know real estate. If you’ve thought about a move to Moscow or anywhere in the country, reach out to get connected with a Story Real Estate agent. Wherever you’re going, they can help guide you Home. Visit storyrealestate.com. https://dossier.substack.com/p/the-cdc-will-vote-thursday-to-permanently?utm_source=twitter&sd=pf The CDC will vote Thursday to permanently shield Pfizer and Moderna from COVID vaccine injury liability A CDC committee will convene this week and likely vote Thursday to deliver permanent legal indemnity to Pfizer and Moderna, through the process of adding the drug companies’ mRNA injections to the child and adolescent immunization schedules. By adding the shots to the childhood schedule, the CDC’s Advisory Committee on Immunization Practices (ACIP) will transfer liability for vaccine injuries to the federal government’s National Vaccine Injury Compensation Program (VICP), allowing for Pfizer and Moderna to finally bring an FDA approved shot to the market without opening itself up to lawsuits. Moreover, it will act as another windfall for companies that have already brought in hundreds of billions of dollars in revenues, by requiring these vaccinations for children who attend public schools. In March 2020, the federal government invoked the PREP Act, which gave Pfizer and Moderna a tort liability shield due to the declared “public health emergency,” which the government is reportedly going to revoke in early 2023. The companies’ emergency use authorization shots have since been protected by the federal government through this 2005 congressional action. A draft agenda published by the CDC shows what will be on the schedule for Wednesday and Thursday’s meetings. The Health Resources & Services Administration has clarified what needs to happen for a vaccine to become liability free: “For a vaccine to be covered, the Centers for Disease Control and Prevention (CDC) must recommend the category of vaccine for routine administration to children or pregnant women, and it must be subject to an excise tax by federal law.” The Dossier has reported extensively on the coordinated effort by Big Pharma and the Biden Administration to delay the rollout of an FDA approved COVID vaccine, with legal experts suspecting the process is in place to protect Pfizer and Moderna from legal liability from vaccine injuries. Once described as the cure to the coronavirus, the novel mRNA shots have resulted in catastrophic failure, with a side effect profile exponentially higher than advertised. Thanks to a fraudulent, deceptive marketing campaign, assisted by top federal officials and high-profile pharmaceutical executives, the drugmakers and the federal government convinced millions of Americans to take shots that were much more dangerous (especially for young men), and much less effective than advertised. Over the course of COVID Mania, Pfizer and Moderna have raked in hundreds of billions of dollars in liability free dollars, enriching their executives and board members beyond their wildest dreams. Thanks to Big Pharma’s successful regulatory capture of Government Health, and corrupt bureaucrats’ willing compliance, it looks like the mRNA drug cartel will be completely off the hook when it comes to compensating the countless Americans who were harmed by their junk products. https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections. Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal. Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day. The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections. Biden recently campaigned in California where gas prices are nearly seven dollars a gallon. When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.” Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer. “[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs. https://www.dailyfetched.com/china-cuts-off-natural-gas-supplies-to-europe-just-in-time-for-winter/ China Cuts Off Natural Gas Supplies to Europe, Just in Time for Winter Communist China has told state-owned energy-importing companies to cease sending natural gas supplies to European nations already facing a catastrophic winter. According to Bloomberg, the Chinese Communist Party’s National Development and Reform Commission also told the state-owned energy giants CNOOC, PetroChina, and Sinopec to halt shipments of liquified natural gas to foreign buyers in Europe and Asia. China scooped up excess Russian gas since the war in Ukraine, as Europe faces an unprecedented energy crisis. The communist nation has managed to build up an excess of liquified natural gas amid lockdowns to comply with Beijing’s zero-Covid agenda. As Russia reduced shipments to the European Union in response to the bloc’s support of Ukraine and sanctions on Moscow, China began reselling its surplus LNG cargo to the EU at inflated prices. According to estimates, some four million tonnes of liquid natural gas was resold by China, which accounts for approximately seven percent of Europe’s imports during the same period. The Chinese government has not given a specific reason for halting the supply of natural gas supplies on the open market. However, the move could be an attempt by Xi Jinping to aid his ally Vladimir Putin in putting the squeeze on Europe at a crucial moment. Despite falling gas prices in Europe from their high in August, the European Union is still considering placing a price cap on imported LNG. Russia’s state-owned Gazprom responded by threatening to cut off all shipments to Europe, forcing the EU to reach out to countries like China selling on the international market. The EU globalists have rushed towards their green agenda and forestalled domestic energy production, specifically Germany, which banned fracking for its own natural gas in favor of cleaner alternatives. The move, however, has just left the bloc beholden to Russia to meet its energy needs and, ironically, China to meet its green goals – given that almost all solar panels are made in China. Last year, the head of the green lobbyist group, admitted: “Everybody knows what’s going on in China, and when facilities are based there, you have to accept that there’s a high possibility that forced labour will be used.” https://www.theepochtimes.com/boston-university-defends-controversial-study-on-covid-hybrid-strain-with-80-percent-mortality-rate-in-mice_4803917.html?utm_source=partner&utm_campaign=BonginoReport Boston University Defends Controversial Study on COVID Hybrid Strain With ’80 Percent’ Mortality Rate in Mice Boston University issued a statement Tuesday defending its research of a COVID-19 Omicron strain when they took the variant’s spike protein and attached it to the original COVID-19 strain, leading to a higher mortality rate in a certain species of mice, triggering concern among lawmakers. “The Omicron S-bearing virus robustly escapes vaccine-induced humoral immunity, mainly due to mutations in the receptor-binding motif… while Omicron causes mild, non-fatal infection, the Omicron S-carrying virus inflicts severe disease with a mortality rate of 80 percent,” the preprint study said. Meanwhile, Emily Erbelding, director of the National Institute of Allergy and Infectious Diseases’s division of microbiology and infectious diseases, told Stat News that the Boston University’s grant application didn’t specify that researchers wanted to perform this work and the group did not say it was performing experiments to possible enhance a COVID-19 variant. An investigation is now underway, she said. Boston University issued a lengthy statement defending its research and said critics have misrepresented the goals of the study while refuting allegations that the study involved gain-of-function research, which can make a pathogen more deadly or transmissible. “The research was reviewed and approved by the Institutional Biosafety Committee (IBC), which consists of scientists as well as local community members,” the statement from Boston University said. “The Boston Public Health Commission also approved the research. Furthermore, this research mirrors and reinforces the findings of other, similar research performed by other organizations, including the FDA. Ultimately, this research will provide a public benefit by leading to better, targeted therapeutic interventions to help fight against future pandemics.” Certain reports about the study were “false and inaccurate,” Boston University official Ronald Corley said in a statement. A report from the Daily Mail, he alleged, took the “80 percent” line out of context. Club Membership Plug: Let’s stop and take a moment to talk about Fight Laugh Feast Club membership. By joining the Fight Laugh Feast Army, not only will you be aiding in our fight to take down secular & legacy media; but you’ll also get access to content placed in our Club Portal, such as past shows, all of our conference talks, and EXCLUSIVE content for club members that you won’t be able to find anywhere else. Lastly, you’ll also get discounts for our conferences… so if you’ve got $10 bucks a month to kick over our way, you can sign up now at fightlaughfeast.com. Now before we go… it’s time for my favorite topic, sports! https://www.boundingintosports.com/2022/10/report-nascar-to-review-bubba-wallaces-attack-on-kyle-larson-at-las-vegas/ Report: NASCAR To Review Bubba Wallace’s Attack On Kyle Larson At Las Vegas A report claims NASCAR will review Bubba Wallace’s attack on Kyle Larson that occurred during the race at Las Vegas Motor Speedway on Sunday. Now for those that never watch NASCAR, myself included, Bubba Wallace was the gentleman who claimed he found a noose in his garage at a NASCAR racetrack, a race baiting move… but it turned out to be just a regular noose used to open the garage door… anyways: During the race, Kyle Larson got loose underneath Bubba Wallace, but appeared to save the car. There does not appear to be any contact made between the two drivers at this point. However, Wallace slammed hard into the wall and bounced down the track into Larson. Larson then dived hard down into the track to avoid Wallace who chased him down the track and purposely clipped Larson in the rear quarter panel sending him spinning up the track into Christopher Bell and the outside wall. Here’s the commentator’s take live at the race: Kyle Larson, Bubba Wallace make contact, cause wreck at Las Vegas-Play Video 0:00-2:03

Today’s top items: Outbreaks - Three new community cases in Beijing, temporary hospital opened in Macau Xi’s speech at the opening ceremony of the BRICS Business Forum - No surprises, hits the expected notes of promoting the Global Development Initiative and Global Security Initiative, criticizes the US repeatedly but not by name, discusses the Ukraine “crisis” but not in a way that is critical of Russia or Putin.