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"title": "002CHINA - Briefly",
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"description": "<div></div><p> <b>EV charging facilities see rapid expansion</b></p>\n<p> China's electric vehicle charging infrastructure has maintained rapid growth, with the total number of facilities reaching nearly 17.35 million units by the end of August, up 53.5 percent from a year earlier, official data showed. Public EV charging facilities stood at about 4.32 million units, an increase of 37.8 percent year-on-year. Their combined rated power hit 196 million kilowatts, according to the National Energy Administration. Private charging facilities expanded at an even faster pace, jumping 59.6 percent year-on-year to 13.03 million units, the administration said. The robust growth in charging infrastructure is in line with the steady expansion of China's new energy vehicle market. From January to August, both production and sales of NEVs posted double-digit increases.</p>\n<p> <b>Yuan weakens against greenback</b></p>\n<p> The central parity rate of the Chinese currency renminbi, or the yuan, weakened 43 pips to 7.1128 against the US dollar on Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.</p>\n<p></p>",
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"content": "<div></div><p> <b>EV charging facilities see rapid expansion</b></p>\n<p> China's electric vehicle charging infrastructure has maintained rapid growth, with the total number of facilities reaching nearly 17.35 million units by the end of August, up 53.5 percent from a year earlier, official data showed. Public EV charging facilities stood at about 4.32 million units, an increase of 37.8 percent year-on-year. Their combined rated power hit 196 million kilowatts, according to the National Energy Administration. Private charging facilities expanded at an even faster pace, jumping 59.6 percent year-on-year to 13.03 million units, the administration said. The robust growth in charging infrastructure is in line with the steady expansion of China's new energy vehicle market. From January to August, both production and sales of NEVs posted double-digit increases.</p>\n<p> <b>Yuan weakens against greenback</b></p>\n<p> The central parity rate of the Chinese currency renminbi, or the yuan, weakened 43 pips to 7.1128 against the US dollar on Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.</p>\n<p></p>",
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"title": "005WORLD - War horrors of Japan's Unit 731 in spotlight",
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"description": "<div></div><p> For Australian James Ashbridge, the suffering inflicted by Japanese invaders during World War II has always been closely felt because his hometown of Darwin in the Northern Territory was also a target.</p>\n<p> Still, this did not prepare him for the scale of atrocities committed by Japan's Unit 731, the notorious biological warfare force operating in Harbin, Northeast China's Heilongjiang province.</p>\n<p> "I've never seen or heard about that before … I had no idea how terrible this situation was in China," the 38-year-old social media entrepreneur told China Daily.</p>\n<p> On Thursday, Ashbridge attended a packed Sydney cinema screening of the Australian premiere of Evil Unbound, a movie retelling the horrors of Unit 731. Including Australia, the film, also known as 731, is set for worldwide release. The movie also opened on Thursday in New Zealand, and reached North American theaters on Friday.</p>\n<p> Filmgoers in Australia saw the horrific acts committed by the Japanese military, such as frostbite, gas, electric shocks, and other gruesome experiments on humans that left them dying in extreme agony.</p>\n<p> According to Harbin's Exhibition Hall of Evidences of Crime Committed by Unit 731 of the Japanese Imperial Army, at least 3,000 people were used for experiments, while Japan's biological weapons killed more than 300,000 people across China's provinces.</p>\n<p> Australian journalist Marcus Reubenstein, who also attended the movie premiere, told China Daily that the Chinese were "disproportionately victims of these atrocities by what was Imperial Japan" during a "very dark period of history".</p>\n<p> "What happened with Unit 731 during the war was horrendous," Reubenstein said, adding that it was "arguably the most horrendous war crime of all theaters of war" in World War II.</p>\n<p> Robert Barwick, national chairman of the Australian Citizens Party, told China Daily that the screening notably coincides with this year's 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression (1931-45) and the World Anti-Fascist War.</p>\n<p> "Just as there are lots of movies, documentaries, about things like the Holocaust in Europe, it's very important that what's happened in Asia … is not forgotten as well," he said.</p>\n<p> "Australians don't remember as much of this history as they should," Barwick said, adding that his grandfather fought the Japanese during the war in the Kokoda Track campaign in what is now Papua New Guinea, as part of the Allied effort.</p>\n<p> "China contributed to Australia being saved from the Japanese. It was an effort by many countries, and we should value that," Barwick said.</p>\n<p> Ren Yingying, representing the Australia-Heilongjiang Chinese Association, a joint organizer of the premiere screening, said sharing the film with Australian cinema audiences will help remind more people and subsequent generations about a crucial part of history and the hard-fought peace that must always be cherished.</p>\n<p> Ashbridge, the social media entrepreneur, said the impact of watching Evil Unbound left him "shaking".</p>\n<p> "I was not expecting it to be so raw and so 'in your face', that you see such detail of the torture that took place in China at that time," he said.</p>\n<p> Ashbridge added that such movies and the history they reflect would certainly cause people nowadays to think about how lucky they are to live in peaceful times.</p>\n<p> "It also reminds me about how far China has come, after having gone through such terrible times," he said.</p>\n<p> <span>Contact the writers at xinxin@chinadaily.com.cn.</span></p>\n<p></p>",
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"title": "011DOCUMENT - China's Achievements in Women's Well-Rounded Development in the New Era",
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"description": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_009_01_42.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_41.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_42.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_27.png\" /><p></p>\n<p> <b>Contents</b></p>\n<p> Preface</p>\n<p> I. Development of China's Endeavors Concerning Women</p>\n<p> II. Boosting the Well-Rounded Development of Women as a National Campaign</p>\n<p> III. Sharing in the Fruits of Modernization</p>\n<p> IV. Advancing Women's Development to the Forefront of the Times</p>\n<p> V. Contributing to the Global Advancement of Women</p>\n<p> Conclusion</p>\n<p> <b>Preface</b></p>\n<p> Throughout history, women have played an essential role in shaping human civilization and have made immense contributions to social progress. But the paths towards gender equality and women's well-rounded development across the world have been long and arduous.</p>\n<p> Since its founding in 1921, the Communist Party of China (CPC) has remained committed to women's liberation and development and gender equality. The CPC regards women as a major force for advancing all endeavors of the Party and the nation, always places the work concerning women high on its agenda, and leads women in their pursuit of liberation, progress and development. In doing so, the Party has opened a socialist path for women's development with Chinese characteristics.</p>\n<p> The 18th CPC National Congress in 2012 marked the beginning of a new era of socialism with Chinese characteristics. In this new era, the CPC Central Committee with Xi Jinping at its core has emphasized safeguarding women's lawful rights and interests and promoting gender equality and women's well-rounded development as integral components of Chinese modernization. Accordingly, it has made a series of major decisions and plans that are pioneering in vision, overarching in scope, and enduring in significance. Xi Jinping, general secretary of the CPC Central Committee, initiated, planned for, supported and chaired the Party's first ever Central Conference on the Party's Work with People's Organizations in 2015, attended the 11th, 12th and 13th national women's congresses in 2013, 2018 and 2023 respectively, and held talks with each newly elected leadership team of the All-China Women's Federation. He has also delivered important speeches on work related to women and children, the role of women's federations, and the significance of family ties, values and traditions, thereby identifying the direction, objectives and guidelines of China's endeavors for women in the new era.</p>\n<p> Upholding gender equality, among other basic national policies, has been incorporated into the CPC's political program, and promoting women's well-rounded development has been included in the national development plan. The legal system for safeguarding women's rights and interests also continues to improve. China has developed a sound approach to its endeavors concerning women. Chinese women actively participate in government initiatives, serve as advocates of civic virtues, fight for their dreams, and excel across all professions. In the new era, China has delivered numerous historic achievements in its endeavors concerning women. The Chinese socialist path for women's development continues to expand, opening ever-broader opportunities for advancement.</p>\n<p> Women around the world have a shared future. China's endeavors concerning women are an integral part of the global cause. In 1995, China hosted the Fourth World Conference on Women, organized by the United Nations. The Beijing Declaration and Platform for Action adopted at the conference has since become a milestone for global gender equality. At important occasions such as the 2015 Global Leaders' Meeting on Gender Equality and Women's Empowerment and the 2020 high-level meeting on the 25th anniversary of the Fourth World Conference on Women at the 75th session of the UN General Assembly, Xi Jinping, in his role as president of China, elaborated on China's propositions on gender equality and women's well-rounded development, and proposed holding another global leaders' meeting on women in 2025.</p>\n<p> On the occasion of the 2025 Global Leaders' Meeting on Gender Equality and Women's Empowerment, the Chinese government is publishing this white paper to present China's philosophy, principles, and innovative practices in promoting gender equality and women's well-rounded development in the new era, highlight Chinese women's outstanding achievements and contribution, and affirm China's commitment to join global endeavors for women&#Line truncated
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"content": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_009_01_42.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_41.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_42.png\" /><p></p>\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/011/20250920_010_01_27.png\" /><p></p>\n<p> <b>Contents</b></p>\n<p> Preface</p>\n<p> I. Development of China's Endeavors Concerning Women</p>\n<p> II. Boosting the Well-Rounded Development of Women as a National Campaign</p>\n<p> III. Sharing in the Fruits of Modernization</p>\n<p> IV. Advancing Women's Development to the Forefront of the Times</p>\n<p> V. Contributing to the Global Advancement of Women</p>\n<p> Conclusion</p>\n<p> <b>Preface</b></p>\n<p> Throughout history, women have played an essential role in shaping human civilization and have made immense contributions to social progress. But the paths towards gender equality and women's well-rounded development across the world have been long and arduous.</p>\n<p> Since its founding in 1921, the Communist Party of China (CPC) has remained committed to women's liberation and development and gender equality. The CPC regards women as a major force for advancing all endeavors of the Party and the nation, always places the work concerning women high on its agenda, and leads women in their pursuit of liberation, progress and development. In doing so, the Party has opened a socialist path for women's development with Chinese characteristics.</p>\n<p> The 18th CPC National Congress in 2012 marked the beginning of a new era of socialism with Chinese characteristics. In this new era, the CPC Central Committee with Xi Jinping at its core has emphasized safeguarding women's lawful rights and interests and promoting gender equality and women's well-rounded development as integral components of Chinese modernization. Accordingly, it has made a series of major decisions and plans that are pioneering in vision, overarching in scope, and enduring in significance. Xi Jinping, general secretary of the CPC Central Committee, initiated, planned for, supported and chaired the Party's first ever Central Conference on the Party's Work with People's Organizations in 2015, attended the 11th, 12th and 13th national women's congresses in 2013, 2018 and 2023 respectively, and held talks with each newly elected leadership team of the All-China Women's Federation. He has also delivered important speeches on work related to women and children, the role of women's federations, and the significance of family ties, values and traditions, thereby identifying the direction, objectives and guidelines of China's endeavors for women in the new era.</p>\n<p> Upholding gender equality, among other basic national policies, has been incorporated into the CPC's political program, and promoting women's well-rounded development has been included in the national development plan. The legal system for safeguarding women's rights and interests also continues to improve. China has developed a sound approach to its endeavors concerning women. Chinese women actively participate in government initiatives, serve as advocates of civic virtues, fight for their dreams, and excel across all professions. In the new era, China has delivered numerous historic achievements in its endeavors concerning women. The Chinese socialist path for women's development continues to expand, opening ever-broader opportunities for advancement.</p>\n<p> Women around the world have a shared future. China's endeavors concerning women are an integral part of the global cause. In 1995, China hosted the Fourth World Conference on Women, organized by the United Nations. The Beijing Declaration and Platform for Action adopted at the conference has since become a milestone for global gender equality. At important occasions such as the 2015 Global Leaders' Meeting on Gender Equality and Women's Empowerment and the 2020 high-level meeting on the 25th anniversary of the Fourth World Conference on Women at the 75th session of the UN General Assembly, Xi Jinping, in his role as president of China, elaborated on China's propositions on gender equality and women's well-rounded development, and proposed holding another global leaders' meeting on women in 2025.</p>\n<p> On the occasion of the 2025 Global Leaders' Meeting on Gender Equality and Women's Empowerment, the Chinese government is publishing this white paper to present China's philosophy, principles, and innovative practices in promoting gender equality and women's well-rounded development in the new era, highlight Chinese women's outstanding achievements and contribution, and affirm China's commitment to join global endeavors for women'sLine truncated
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"title": "019SUPPLEMENT - Multidimensional programs turn history into experience",
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"description": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/019/20250920_017_01_115.png\" />\n<img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-20/019/20250920_017_01_1.png\" /><p></p>\n<p> This summer, the Mingsha Mountain and Crescent Spring scenic spot in Dunhuang in Northwest China's Gansu province gained widespread attention from tourists due to its starry night views. As night fell, a concert began. Tourists gathered on the towering dunes, singing heartily along to the music. Some turned on their phone flashlights, which shimmered in harmony with the night sky. The collective singing pierced through the darkness romantically, accompanied by a heart-warming light show.</p>\n<p> <b>City brands</b></p>\n<p> The Mingsha Mountain and Crescent Spring scenic sites have been renowned far and wide for more than 1,000 years. Mingsha Mountain, featuring rugged ridges, has a base composed of gravel topped with fine sand in five colors — red, yellow, green, black and white — blending into a brilliant spectrum.</p>\n<p> Remarkably, the sand here "can sing". It is speculated that the mountain emits enchanting sounds due to the mica in the sand grains or the friction and resonance of pitted particles. This phenomenon is also the origin of the name Mingsha Mountain, which means "singing sand mountain" in Chinese. The natural topography of the Mingsha Mountain provided the concert with exceptional acoustic effects.</p>\n<p> The Crescent Spring, nestled within Mingsha Mountain, derives its name from its resemblance to a crescent moon. Although located in the desert and surrounded by sand dunes, the spring has never been buried by shifting sands nor dried up through evaporation over thousands of years.</p>\n<p> Currently, the Dunhuang city government is using its rich tourism resources to advance the "two cities and two hubs" plan, positioning Dunhuang as a city of culture, a city of art and a hub for cultural creativity and exhibitions.</p>\n<p> The Mingsha Mountain and Crescent Spring scenic spot now covers 76.82 square kilometers and is recognized as a national 5A-level tourist attraction. There is also a slope known as the "fairy slope". Visitors there dress as feitian — the flying apsaras depicted in Dunhuang murals — or as princesses from Western countries and dance to the sound of camel bells, while photographers capture these enchanting moments.</p>\n<p> The Dunhuang Press and the Dunhuang Book Center stand as key cultural landmarks. They offer a quiet and homely atmosphere, inviting visitors to explore their collections and read in peace. Nearly 10,000 types of cultural and creative products have been sold here, bringing Dunhuang's profound history to life for a modern audience.</p>\n<p> The Dunhuang International Convention and Exhibition Center, Dunhuang Theater and Dunhuang International Hotel form a cluster of infrastructure supporting the local exhibition economy. The Silk Road (Dunhuang) International Cultural Expo, which has attracted participants from around the world, has become another key platform for cultural exchange.</p>\n<p> <b>Guardians of culture</b></p>\n<p> Preserving cultural roots remain a commitment of the Dunhuang people. The history of the Mogao Caves in Dunhuang dates back approximately 1,600 years. Since then, artisans from successive dynasties have spent over a millennium carving there. These caves feature fluttering ribbons and flying apsaras, the well-known nine-colored deer, exquisite paintings of the Qianshou Guanyin (Thousand-Hand Bodhisattva), valuable historical records on Dunhuang manuscripts and diverse painted sculptures with distinctive expressions from different dynasties.</p>\n<p> The millennium-old cultural treasure trove of ancient art is now digitally preserved. As an effective measure to protect the Mogao Caves, a digital library was launched for a worldwide audience, making more than 6,500 digital archives from the Mogao Caves, other cave sites, and the Dunhuang Library Cave available globally.</p>\n<p> With just a click, people can browse ultrahigh-resolution images of the caves. The platform has attracted visitors from 78 countries, generating more than 23 million visits.</p>\n<p> Relying on the digital caves, users can engage in role-playing through different eras, interact with historical figures and witness the evolution of the caves from the late Tang Dynasty (618-907) to the end of the Qing Dynasty (1644-1911).</p>\n<p> The Dunhuang Academy, a national institution for the conservation, management, and research of the Mogao Caves, launched a digital immersive exhibition in 2023 in collaboration with tech giant Tencent to help bring the stories of Dunhuang to the public. Users wearing virtual reality glasses can view the murals and details of Cave 285 up close. Using the VR device, they can also "fly" to the ceiLine truncated
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"title": "004CHINA - Job hunting",
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"description": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-19/004/20250919_004_02_26.png\" /><p>Employment seekers inquire about available positions at a job fair in Beijing's Xicheng district on Wednesday. Over 3,000 positions are being offered to graduates from universities across the country. The event runs until the end of September.</p>\n<p></p><br><hr><div>获取更多RSS:<br><a href=\"https://feedx.net\" style=\"color:orange\" target=\"_blank\">https://feedx.net</a> <br><a href=\"https://feedx.site\" style=\"color:orange\" target=\"_blank\">https://feedx.site</a><br></div>",
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"content": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-19/004/20250919_004_02_26.png\" /><p>Employment seekers inquire about available positions at a job fair in Beijing's Xicheng district on Wednesday. Over 3,000 positions are being offered to graduates from universities across the country. The event runs until the end of September.</p>\n<p></p><br><hr><div>获取更多RSS:<br><a href=\"https://feedx.net\" style=\"color:orange\" target=\"_blank\">https://feedx.net</a> <br><a href=\"https://feedx.site\" style=\"color:orange\" target=\"_blank\">https://feedx.site</a><br></div>",
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"title": "006ADVERTORIAL - NEV sector boosting urban development",
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"description": "<div></div><p> Yancheng is riding the wave of new energy vehicles that are reshaping the automotive industry landscape. From intelligent manufacturing to technological innovations, the city's automobile industry is gaining robust momentum, aided by the city's business-friendly environment.</p>\n<p> At a smart plant of Jiangsu Yueda Kia Motors in the Yancheng Economic and Technological Development Zone, industrial robots can assemble a vehicle frame in just 51 seconds ready for painting.</p>\n<p> Yueda Kia is reportedly investing 180 million yuan ($25.28 million) in technological and equipment upgrades to its Yancheng production premises, in a bid to optimize its production procedures and improve product quality.</p>\n<p> Electrification has helped the Yancheng-headquartered joint venture continue its growth momentum in both sales and output.</p>\n<p> The company registered sales of more than 165,000 vehicles from January to August, an increase of 7 percent year-on-year, and its output of vehicles reached 163,270 units during the first eight months of this year, up 9.5 percent.</p>\n<p> Of those, 20,974 units were sold in August, marking the sixth month in a row that the company has sold more than 20,000 units.</p>\n<p> Another prominent industrial player in the development zone, the Yancheng branch of automaker FAW Group is ramping up construction of its second phase project, which involves stamping and painting production lines. The project is scheduled to be completed in October.</p>\n<p> As a key move in FAW's strategic layout of its NEV industry chain and the main production base for its Bestune brand, FAW Yancheng Branch is advancing production line upgrades and the introduction of new models.</p>\n<p> FAW's first micro pure electric vehicle, the Bestune Pony, officially rolled off the production line at the Yancheng facility in May 2024, bringing distinctive vitality to the development of the city's NEV industry.</p>\n<p> Yancheng considers automobiles and NEVs, as well as their components, to be a key driver for the growth of the local economy. The Yancheng government is advancing an initiative to promote high-quality development of the NEV and component industry.</p>\n<p> The city is now home to hundreds of auto component manufacturers above designated size.</p>\n<p> One of the representative enterprises in Yancheng's NEV components sector is Fangxing, a high-end brake pad supplier for various passenger vehicles.</p>\n<p> Since commencing production in early August 2024, the company has increased its market share with its high-tech, precise and advanced products.</p>\n<p> "We have invested heavily in production, research and development, as well as experimental testing equipment, and have offered high salaries to attract top-tier R&D talent, comprehensively enhancing our production and research capabilities," Fangxing Chairman Huan Chuanfang said. This dedication to innovation and quality is the key to the rapid development of Yancheng's NEV components manufacturers.</p>\n<p> Jiangsu Dayang Precision Forging specializes in producing high-precision forged driveshafts for mid-to-high-end automobiles.</p>\n<p> In response to industry changes and technological advancements, the company is committed to a path of specialization and innovation, accelerating the intelligent transformation of its production lines, and striving to expand into the new energy vehicle components market.</p>\n<p> "Yancheng's solid industrial foundation in the NEV sector provides strong support for the development and implementation of intelligent equipment and supporting systems," said a representative of the High-Throughput Computing Institution at Jiangsu Industrial Technology Research Institute. "Meanwhile, the robust growth of enterprises will, in turn, enhance the overall innovation capacity of the regional industry."</p>\n<p> The city government has rolled out a series of favorable policies to improve the local business environment, adding to its appeal to NEV and component manufacturers.</p>\n<p> Chen Jianwu, an executive in charge of a smart circuit breaker project, is impressed by Yancheng's business environment and said that when the project faced difficulties, local government officials proactively offered crucial support to help solve the problems.</p>\n<p> Officials at all levels in Yancheng treat enterprises like family, making him feel that the city has "industrial clusters, assured support, market-ready products, warm services, and promising development prospects", which has further strengthened his confidence in investing in Yancheng.</p>\n<p></p>",
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@@ -11005,28 +10939,6 @@
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"title": "009COMMENT - Vigilance and coordination needed to address impact of Fed's interest rate cut",
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"description": "<div></div><p> As was widely expected, the US Federal Reserve cut its key interest rate by 25 basis points on Wednesday citing concerns over rising unemployment, and indicated it would do so twice more this year. This is the de facto US central bank's first rate cut since December 2024. It lowers its short-term rate to a range between 4.0 percent and 4.25 percent.</p>\n<p> The decision could not have been an easy one to make. With the US administration's high tariffs fueling inflation risks and the US job market weakening, the US' principal monetary policymaking body faced competing pressures. The Fed typically holds rates at higher levels to rein in inflation — which remains stubbornly elevated in the US and is expected to end the year at 3 percent, well above the Fed's 2 percent target — yet to support the labor market it also has to slash rates.</p>\n<p> So the Fed faced a dilemma: cutting rates too aggressively could trigger an inflation rebound, while cutting too slowly may fail to effectively support the job market. The situation leaves it with little room for maneuver. In Fed Chair Jerome Powell's words, the Fed now is in a "meeting-by-meeting situation" when it comes to further rate reductions.</p>\n<p> That the US economy has moderated markedly and needs to be propped up is obvious, with the Fed forecasting 1.6 percent growth for 2025, as compared with a 2.8 percent pace achieved last year.</p>\n<p> Moreover, hiring has ground almost to a halt in recent months, with the unemployment rate reaching a four year high of 4.3 percent in August. "It's really the risks that we're seeing to the labor market that were the focus of today's decision," Powell said at a news conference after the Fed announced the cut.</p>\n<p> The ramifications of the Fed's move warrant careful examination by Chinese policymakers, as its consequences are likely to be felt across the global economy, including in China.</p>\n<p> While the motivation behind the Fed's decision is to stimulate the US economy by encouraging borrowing and investment, the broader implications are multifaceted and complex.</p>\n<p> One of the most significant consequences of the Fed's rate cut is its impact on the US dollar. Lower interest rates tend to weaken the currency.</p>\n<p> For China, this presents both opportunities and challenges. On the one hand, a weaker dollar could lead to increased consumption and demand in the US, potentially boosting China's exports sector even if the Chinese exports become more expensive in the US market. On the other hand, a depreciating dollar may exert downward pressure on the renminbi, complicating China's monetary policy and exchange rate management.</p>\n<p> Moreover, the Fed's decision could trigger a wave of competitive rate cuts by other central banks, as countries strive to maintain their export competitiveness. This could lead to a global environment of low interest rates, which might inflate asset bubbles and increase financial instability.</p>\n<p> Another area of concern is the impact on global capital flows. Lower US interest rates may drive investors to seek higher returns in emerging markets, including China. While this influx of capital can stimulate economic growth, it also poses risks of overheating and increased volatility in financial markets. Chinese policymakers will need to pay more attention to maintaining a balance between supporting growth and preventing financial risks. This makes it imperative for them to continue boosting domestic consumption and investing in technology, which will help reduce China's reliance on exports and thus mitigate the impact of a stronger currency on the economy.</p>\n<p> The ripple effects of the Fed's decision will undoubtedly be felt globally. Given the potential spillover effects of the Fed's decision and the interconnected nature of global economies, international coordination among policymakers also needs to take the effects of the decision on board. As China plays an important role in the global economic landscape, its active participation in dialogue with international counterparts can help foster coordinated efforts to mitigate potential risks and enhance regional and global economic stability.</p>\n<p> For China, the challenge lies in navigating the many-faceted consequences of the Fed's decision with a balanced approach that supports growth while safeguarding financial stability. As the world watches the unfolding economic dynamics, it is clear that global cooperation and prudent policymaking will be key to ensuring stability.</p>\n<p></p>",
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"content": "<div></div><p> As was widely expected, the US Federal Reserve cut its key interest rate by 25 basis points on Wednesday citing concerns over rising unemployment, and indicated it would do so twice more this year. This is the de facto US central bank's first rate cut since December 2024. It lowers its short-term rate to a range between 4.0 percent and 4.25 percent.</p>\n<p> The decision could not have been an easy one to make. With the US administration's high tariffs fueling inflation risks and the US job market weakening, the US' principal monetary policymaking body faced competing pressures. The Fed typically holds rates at higher levels to rein in inflation — which remains stubbornly elevated in the US and is expected to end the year at 3 percent, well above the Fed's 2 percent target — yet to support the labor market it also has to slash rates.</p>\n<p> So the Fed faced a dilemma: cutting rates too aggressively could trigger an inflation rebound, while cutting too slowly may fail to effectively support the job market. The situation leaves it with little room for maneuver. In Fed Chair Jerome Powell's words, the Fed now is in a "meeting-by-meeting situation" when it comes to further rate reductions.</p>\n<p> That the US economy has moderated markedly and needs to be propped up is obvious, with the Fed forecasting 1.6 percent growth for 2025, as compared with a 2.8 percent pace achieved last year.</p>\n<p> Moreover, hiring has ground almost to a halt in recent months, with the unemployment rate reaching a four year high of 4.3 percent in August. "It's really the risks that we're seeing to the labor market that were the focus of today's decision," Powell said at a news conference after the Fed announced the cut.</p>\n<p> The ramifications of the Fed's move warrant careful examination by Chinese policymakers, as its consequences are likely to be felt across the global economy, including in China.</p>\n<p> While the motivation behind the Fed's decision is to stimulate the US economy by encouraging borrowing and investment, the broader implications are multifaceted and complex.</p>\n<p> One of the most significant consequences of the Fed's rate cut is its impact on the US dollar. Lower interest rates tend to weaken the currency.</p>\n<p> For China, this presents both opportunities and challenges. On the one hand, a weaker dollar could lead to increased consumption and demand in the US, potentially boosting China's exports sector even if the Chinese exports become more expensive in the US market. On the other hand, a depreciating dollar may exert downward pressure on the renminbi, complicating China's monetary policy and exchange rate management.</p>\n<p> Moreover, the Fed's decision could trigger a wave of competitive rate cuts by other central banks, as countries strive to maintain their export competitiveness. This could lead to a global environment of low interest rates, which might inflate asset bubbles and increase financial instability.</p>\n<p> Another area of concern is the impact on global capital flows. Lower US interest rates may drive investors to seek higher returns in emerging markets, including China. While this influx of capital can stimulate economic growth, it also poses risks of overheating and increased volatility in financial markets. Chinese policymakers will need to pay more attention to maintaining a balance between supporting growth and preventing financial risks. This makes it imperative for them to continue boosting domestic consumption and investing in technology, which will help reduce China's reliance on exports and thus mitigate the impact of a stronger currency on the economy.</p>\n<p> The ripple effects of the Fed's decision will undoubtedly be felt globally. Given the potential spillover effects of the Fed's decision and the interconnected nature of global economies, international coordination among policymakers also needs to take the effects of the decision on board. As China plays an important role in the global economic landscape, its active participation in dialogue with international counterparts can help foster coordinated efforts to mitigate potential risks and enhance regional and global economic stability.</p>\n<p> For China, the challenge lies in navigating the many-faceted consequences of the Fed's decision with a balanced approach that supports growth while safeguarding financial stability. As the world watches the unfolding economic dynamics, it is clear that global cooperation and prudent policymaking will be key to ensuring stability.</p>\n<p></p>",
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"title": "011WORLD - Saudi Arabia, Pakistan ink defense pact",
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"description": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-19/011/20250919_011_01_36737.png\" /><p>Doctors Without Borders' medical aid workers, and supporters gather in front of the UN headquarters in New York on Wednesday to call on world leaders to take action and end the conflict in Gaza.</p>\n<p> Saudi Arabia and Pakistan on Wednesday signed a new strategic defense pact that regards any attack on either nation as aggression on both. It was the first firm defense decision made by an Arab country since Israel's attack in Qatar last week that sparked concerns across Gulf states that have long depended on the United States for their security.</p>\n<p> The deal, signed by Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman Al Saud and Pakistani Prime Minister Shehbaz Sharif in Riyadh, "aims to develop aspects of defense cooperation between the two countries and strengthen joint deterrence against any aggression", read a statement published by the Saudi Press Agency.</p>\n<p> "Any aggression against either country shall be considered an aggression against both," it added.</p>\n<p> "This agreement is a culmination of years of discussions. This is not a response to specific countries or specific events but an institutionalization of long-standing and deep cooperation between our two countries," a senior Saudi official told Reuters when asked about its timing.</p>\n<p> Media reports said the timing appeared to be a signal to Israel which attempted to kill Hamas leaders with airstrikes on Sept 9 in Doha, infuriating Arab countries.</p>\n<p> Asked whether Pakistan would be obliged to provide Saudi Arabia with a nuclear umbrella under the pact, the Saudi official said: "This is a comprehensive defensive agreement that encompasses all military means."</p>\n<p> A statement from Sharif's office said, "This agreement reflects the shared commitment of both nations to enhance their security and to achieve security and peace in the region and the world, aims to develop aspects of defense cooperation between the two countries, and strengthen joint deterrence against any aggression."</p>\n<p> Meanwhile, Israel pressed its US-backed ground offensive in Gaza City with local authorities saying on Wednesday that more than 65,000 people have been killed since October 2023.</p>\n<p> The offensive has sparked outrage among the international community, with the Palestinian territory already devastated by nearly two years of conflict and the Gaza City area gripped by a United Nations-declared famine.</p>\n<p> A huge number of Palestinians were fleeing Gaza City by any means as the Israeli army on Wednesday ordered people to leave Gaza City within the next 48 hours and move south along a temporary passageway.</p>\n<p> <b>Dire conditions</b></p>\n<p> However, many are reluctant to follow Israel's orders because of dangers along the way, dire conditions, lack of food in the southern area and fear of permanent displacement.</p>\n<p> "Even if we want to leave Gaza City, is there any guarantee we would be able to come back? Will the war ever end? That's why I prefer to die here, in Sabra, my neighborhood," said a schoolteacher who only gave his name as Ahmed by phone.</p>\n<p> The latest Israeli operation also pushed any ceasefire farther out of reach. The Israeli forces, which vowed to "destroy Hamas' military infrastructure", have not given a timeline for the offensive, but indicated it could take months.</p>\n<p> Israeli political scientist Menachem Klein told Al Jazeera that Israel's actions in Gaza showed that its priority is not recovering Israeli captives held by Hamas, but to render the territory "unlivable".</p>\n<p> Having devastated Gaza, said the senior lecturer at Bar-Ilan University, Israel's aim is to "move the population to a concentration zone" and then "push them outside".</p>\n<p> Meanwhile, Israeli Finance Minister Bezalel Smotrich on Wednesday described the destruction of Gaza as a "demolition phase" and part of an 'urban renewal plan', saying there's a "business plan" to turn Gaza into a "real estate bonanza "and he was discussing with the Trump administration how to share the proceeds.</p>\n<p> US Senator Bernie Sanders on Wednesday described Israel's assault on Gaza as a genocide, renewing his call for ending Washington's "complicity in the slaughter of the Palestinian people".</p>\n<p> Agencies contributed to this story.</p>\n<p> <span>cuihaipei@chinadaily.com.cn</span></p>\n<p></p>",
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"title": "013BUSINESS - China urges EU to avoid weaponizing tariffs",
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"description": "<div></div><p> Beijing has called on Brussels to abandon the weaponization of tariffs and provide a truly level playing field for Chinese electric vehicle makers, while also welcoming European automakers into China, the Ministry of Commerce said on Thursday.</p>\n<p> "China's EV industry has indeed been a driving force behind the broader transformation of the automotive sector toward electrification and digitalization," said He Yadong, a spokesman for the ministry, at a news conference.</p>\n<p> "European manufacturers now have every capability to not just adapt to market competition, but also be part and parcel of this industry-wide revolution," said He.</p>\n<p> As the European Union intensifies efforts to bolster its new energy vehicle sector — highlighted by Volkswagen's recent unveiling of its 20,000-euro ($23,683) model and new energy strategy rollouts from BMW, Mercedes-Benz and Renault at the 2025 Munich Motor Show — it continues to enforce countervailing duties on Chinese EVs.</p>\n<p> He noted that the EU has groundlessly labeled Chinese automakers as "subsidized" simply due to their high cost-effectiveness, and has abused countervailing measures under the pretext of an unfounded "threat of damage".</p>\n<p> In essence, this constitutes a market barrier and interference with free competition. Practice has proven that protectionism cannot withstand the powerful forces of the market, nor can it block the rational choices of EU consumers, the spokesman said.</p>\n<p> "We hope that the European side will refrain from weaponizing tariffs, eliminate market barriers, encourage fair competition and follow the broader trend of industrial collaboration. Together, we can create a fair, nondiscriminatory and predictable market environment for industrial development, and make positive contributions to addressing global climate change and achieving a green transition."</p>\n<p> Cooperation is the only way forward. China welcomes EVs from European companies into the Chinese market and is particularly eager to promote collaboration in this sector, said He.</p>\n<p> Brussels had increased tariffs on Chinese-built EVs to as much as 45.3 percent in October last year. But Beijing and Brussels have floated the idea of lifting the tariffs through possible commitments to minimum prices, known as price undertakings for imported cars, earlier this year.</p>\n<p> China's Ministry of Commerce said in a statement on June 7 that negotiations on a price commitment for EVs between China and the EU have "entered the final stage", though further efforts are still required from both sides.</p>\n<p> "China and the EU exhibit strong economic complementarity, driven by China's robust manufacturing capacity and vast domestic market, alongside Europe's expertise in high-end manufacturing, services and technological innovation," said Liu Ying, a researcher at Renmin University of China's Chongyang Institute for Financial Studies.</p>\n<p> Liu said the shared commitment of both sides to green transition offers significant opportunities to deepen cooperation, particularly in green development and the digital economy.</p>\n<p> <span>wangkeju@chinadaily.com.cn</span></p>\n<p></p>",
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"content": "<div></div><p> Beijing has called on Brussels to abandon the weaponization of tariffs and provide a truly level playing field for Chinese electric vehicle makers, while also welcoming European automakers into China, the Ministry of Commerce said on Thursday.</p>\n<p> "China's EV industry has indeed been a driving force behind the broader transformation of the automotive sector toward electrification and digitalization," said He Yadong, a spokesman for the ministry, at a news conference.</p>\n<p> "European manufacturers now have every capability to not just adapt to market competition, but also be part and parcel of this industry-wide revolution," said He.</p>\n<p> As the European Union intensifies efforts to bolster its new energy vehicle sector — highlighted by Volkswagen's recent unveiling of its 20,000-euro ($23,683) model and new energy strategy rollouts from BMW, Mercedes-Benz and Renault at the 2025 Munich Motor Show — it continues to enforce countervailing duties on Chinese EVs.</p>\n<p> He noted that the EU has groundlessly labeled Chinese automakers as "subsidized" simply due to their high cost-effectiveness, and has abused countervailing measures under the pretext of an unfounded "threat of damage".</p>\n<p> In essence, this constitutes a market barrier and interference with free competition. Practice has proven that protectionism cannot withstand the powerful forces of the market, nor can it block the rational choices of EU consumers, the spokesman said.</p>\n<p> "We hope that the European side will refrain from weaponizing tariffs, eliminate market barriers, encourage fair competition and follow the broader trend of industrial collaboration. Together, we can create a fair, nondiscriminatory and predictable market environment for industrial development, and make positive contributions to addressing global climate change and achieving a green transition."</p>\n<p> Cooperation is the only way forward. China welcomes EVs from European companies into the Chinese market and is particularly eager to promote collaboration in this sector, said He.</p>\n<p> Brussels had increased tariffs on Chinese-built EVs to as much as 45.3 percent in October last year. But Beijing and Brussels have floated the idea of lifting the tariffs through possible commitments to minimum prices, known as price undertakings for imported cars, earlier this year.</p>\n<p> China's Ministry of Commerce said in a statement on June 7 that negotiations on a price commitment for EVs between China and the EU have "entered the final stage", though further efforts are still required from both sides.</p>\n<p> "China and the EU exhibit strong economic complementarity, driven by China's robust manufacturing capacity and vast domestic market, alongside Europe's expertise in high-end manufacturing, services and technological innovation," said Liu Ying, a researcher at Renmin University of China's Chongyang Institute for Financial Studies.</p>\n<p> Liu said the shared commitment of both sides to green transition offers significant opportunities to deepen cooperation, particularly in green development and the digital economy.</p>\n<p> <span>wangkeju@chinadaily.com.cn</span></p>\n<p></p>",
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"title": "015BUSINESS - World manufacturing convention to take place in fast-growing province",
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"description": "<div></div><img src=\"https://mobile.chinadaily.com.cn/cn/resfile/2025-09-19/015/20250919_015_02_12827.png\" /><p>An intelligent robot of Youibot Robotics carries out inspection work at a park in Hefei, Anhui province.</p>\n<p> China will open the 2025 World Manufacturing Convention on Saturday in Hefei, capital of Anhui province, positioning the inland manufacturing hub as a window for global investment and industrial cooperation.</p>\n<p> The four-day event, running from Saturday to Tuesday, is co-hosted by the Anhui provincial government and several industry associations. It will feature opening addresses, keynote speeches, project signings and exhibitions highlighting achievements in China's industrial upgrading.</p>\n<p> Since its launch in 2018, the WMC has grown into one of China's flagship international gatherings for industry. More than 40,000 guests from dozens of countries and regions have attended seven previous editions, leading to 4,326 signed projects worth 1.2 trillion yuan ($165 billion), according to official data.</p>\n<p> China's top leadership also sent a congratulatory letter to the convention in 2019, urging it to build international influence and promote higher-level openness in China's industrial sector.</p>\n<p> Organizers said the 2025 edition, will welcome foreign political leaders, ministerial-level officials, diplomats, executives from world-leading companies, and representatives of international organizations and business associations.</p>\n<p> A packed agenda includes supply chain matchmaking, forums on the digital transformation of manufacturing, cooperation meetings for small and medium-sized enterprises, and sessions on frontier industries such as artificial intelligence, low-altitude economy and advanced photovoltaics.</p>\n<p> The convention will also release the 2025 China Top 500 Manufacturing Enterprises list and other industry rankings and reports, alongside the signing of major investment projects with State-owned enterprises, private firms and foreign companies.</p>\n<p> "The WMC has become an important bridge connecting Chinese manufacturing with the world," said Chang Yejun, deputy secretary-general of the Anhui provincial government, adding that this year's convention would "deepen international exchanges and expand opportunities for cooperation in emerging sectors".</p>\n<p> For Anhui, hosting the WMC is also about presenting its transformation from a province once known for coal and agriculture into one of China's fastest-rising industrial and innovation clusters.</p>\n<p> The province's economy grew 5.8 percent in 2024 to 5.06 trillion yuan, with industrial output up 9 percent and exports up 7.4 percent. In the first half of 2025, exports surged another 15.2 percent year-on-year, driven by automobiles and high-tech goods.</p>\n<p> Hefei, the host city, is home to the University of Science and Technology of China and over a dozen national-level scientific facilities, ranging from quantum communication networks to experimental nuclear fusion reactors. The city has also become a hub for electric vehicles, semiconductors and robotics.</p>\n<p> The WMC's exhibitions will showcase Chinese manufacturing under the country's 14th Five-Year Plan (2021-25), from large-scale equipment and green manufacturing to international cooperation projects. An immersive online exhibition will run in parallel, offering a cloud-based viewing experience.</p>\n<p> Specialized events will also focus on topics such as digital transformation, intellectual property protection in manufacturing, and collaboration with German SMEs. A low-altitude economy forum will highlight China's push into drones and air mobility.</p>\n<p></p>",
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Reference in new issue
Block a user