Xi Jinping calls for national growth on PRC anniversary

SEOUL, October 2 (AJP) - Chinese President Xi Jinping expressed confidence in the Chinese people's ability to achieve remarkable feats and contribute to global peace and development at a reception marking the 75th anniversary of the People's Republic of China early this week. Speaking at the Great Hall of the People in Beijing on Monday, Xi, who also heads the Communist Party of China and the Central Military Commission, addressed an audience of about 3,000 Chinese and inter

October 2, 2024

China, Russia conclude joint naval exercise

SEOUL, September 30 (AJP) - China and Russia wrapped up an 18-day joint naval exercise in East Sea and the Sea of Okhotsk last week, immediately transitioning to their fifth joint maritime patrol in Pacific waters. Experts anticipate increased military collaboration between the two nations in the future. The PLA Navy reported that the closing ceremony for the Northern/Interaction-2024 exercise was held aboard the Chinese destroyer Xining at the joint operation headquarters last Frid

September 30, 2024

Chinese central bank lowers mortgage rates to bolster property sector

SEOUL, September 30 (AJP) - China's central bank revised the mortgage rate pricing mechanism on Sunday to ease financial pressure on homeowners. This decision prompted the country's leading commercial banks to announce adjustments to interest rates on existing personal housing loans. Analysts view this policy shift as part of a broader strategy to stabilize the real estate market and stimulate consumption, contributing to positive market sentiment. The People's Bank o

September 30, 2024

China's top leadership discusses economic strategy

SEOUL, September 27 (AJP) - Chinese President Xi Jinping chaired on Thursday a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee to evaluate China's economic landscape and outline upcoming economic initiatives, as reported by Xinhua News Agency. The meeting acknowledged China's economic fundamentals, including its vast market, resilience, and potential, remain strong. It stressed the importance of maintaining a balanced, objective perspe

September 27, 2024

China's foreign minister engages with Russian and Ukrainian counterparts at UN

SEOUL, September 27 (AJP) - China's foreign minister Wang Yi held separate discussions on Wednesday with his Russian and Ukrainian counterparts regarding the Ukraine crisis and other matters. Analysts in China suggest that the positive reactions from both conflicting parties towards China's efforts disprove accusations from certain nations about China's position on the crisis. These interactions at the UN also highlight that some Western countries, particularly the US, a

September 27, 2024

High-level exchanges to enhance China-Australia relations, experts say

SEOUL, September 26 (AJP) - A recent meeting on Tuesday between Chinese Foreign Minister Wang Yi and Australian Foreign Minister Penny Wong in New York signals continued improvement in China-Australia relations. Experts note that increased high-level communication helps prevent misunderstandings between the two nations. Wang and Wong met during the United Nations General Assembly. Their discussion focused on building a more stable and productive partnership, with Wang emphasizing th

September 26, 2024

New warplanes to make debut at airshow in China

SEOUL, September 26 (AJP) - The People's Liberation Army (PLA) Air Force announced on Wednesday that China will showcase some of its latest warplanes at the country's top airshow. Experts are expecting the debut of next-generation fighter jets and domestically made aero engines. At a press conference, Lieutenant General Yu Qingjiang, vice commander of the PLA Air Force, revealed that newly developed warplanes will be making their first public appearance during flight demonst

September 26, 2024

Xi urges faster progress in space exploration as Chang'e-6 mission marks historic milestone

SEOUL, September 25 (AJP) - Chinese President Xi Jinping urged on Monday China's space industry to speed up its efforts in space exploration during a meeting with space scientists and engineers involved in the Chang'e-6 lunar mission at the Great Hall of the People in Beijing. Chang'e-6 was launched on May 3, 2024, and on June 25, successfully returned with 1,935.3 grams of samples from the moon's far side. Xi highlighted that this mission marked the first time huma

September 25, 2024

China unveils sweeping economic measures to boost growth

SEOUL, September 25 (AJP) - Chinese officials unveiled a range of significant policy measures aimed at supporting the country's economy on Tuesday. These include reductions in both the policy rate and the reserve requirement ratio (RRR), designed to foster a favorable financial environment conducive to stable economic growth and high-quality development. Foreign media described these actions as "broader-than-expected," signaling the government's commitment to susta

September 25, 2024