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BEIJING, March 25, 2025 /PRNewswire/ -- A report from chinadaily.com.cn "We've come a long way," said Csaba Korosi, a Hungarian diplomat who served as president of the 77th session of the United Nations General Assembly from September 2022 to September 2023, reflecting on 75 years of diplomatic relations between China and Hungary. In an exclusive interview with China Daily during his visit to Beijing, Korosi emphasized the significant milestone of the all-weather comprehensive strategic partnership established in May 2024. Related video: 77th UN General Assembly: Geopolitical divides hinder global transformation Hungary has become a key player in China's economic engagement in Europe. Under the Hungarian government's "Opening to the East "policy, adopted in 2012, and the Belt and Road Initiative, launched in 2013, bilateral trade and investment have grown significantly, positioning Hungary as China's economic gateway to Europe. Korosi explained that "the opening to the East does not mean it was previously closed to the East" but rather represents "a strategic shift". To ensure healthy national development, it is essential to establish beneficial cooperation with global economic powerhouses, particularly China, which he described as a key driver of the world economy today. The scale of Chinese investment in Hungary underscores this shift. According to the Hungarian Investment Promotion Agency, China leads in investment volume, with 5.2 billion euros ($5.64 billion), accounting for 51 percent of the total. In 2024, China was Hungary's largest source of foreign direct investment. China's investments, particularly in the automotive and electric vehicle industries, have transformed Hungary into a key hub for sustainable transportation in Europe. Chinese companies such as battery maker Contemporary Amperex Technology and EV maker BYD have established production facilities in Hungary, reinforcing the country's role in green transformation of the European automotive sector. These investments align with Hungary's industrial strategy, which prioritizes green transportation and battery manufacturing. Korosi, who was previously director of environmental sustainability at the Office of the President of Hungary, acknowledged this shift, stating, "The transport industry is going to become less and less environment- and climate-harming. That is a trend that is harmonizing with our climate policies, with our climate agreements and our agreements on fulfilling the 17 Sustainable Development Goals." However, as a former co-chair of the UN negotiations that produced the SDGs, Korosi expressed deep concern over the slow progress of global sustainability efforts. "We've already spent more than 60 percent of the implementation period, and the results indicate only about 17 percent progress. So we are falling far behind what we wanted to achieve." China's growing economic influence in Hungary coincides with rising global trade tensions. Korosi warned that global cooperation on issues like climate change and water is crucial. If geopolitical rivalry dominates these areas, it will not only lead to a zero-sum game, but could devolve into a negative-sum game, where everyone loses. He noted that the world is moving toward a deepening geopolitical divide, where economic cooperation is increasingly overshadowed by political rivalries, and markets are fragmenting into regional blocs. He believed that such divisions risk undermining global trade, technological collaboration, and broader transformation efforts agreed upon by the international community. Looking ahead, Korosi emphasized the need for institutional reforms within the UN and other global governance structures, noting that the current system, created after World War II, no longer reflects today's realities. "Almost 80 years have passed and a lot has changed in the world. What was the balance of power at that time is not necessarily the balance of power today. So it would be much more frank and just to those countries that were not even there at the creation of the United Nations, of the Bretton Woods institutions, to make sure that they also have their say on equal footing," he added. He pointed to the rising number of conflicts as clear evidence of the system's shortcomings. To address these challenges, he called for reforms aimed at not only strengthening peacekeeping efforts but also fostering more equitable and accelerated development worldwide.
WUHAN, China, March 14, 2025 /PRNewswire/ -- A report from Changjiang Daily: Recently, the Information Office of Wuhan Municipal People's Government held a press conference on several policy measures to promote the development of the artificial intelligence (AI) industry in Wuhan. The city announced the launch of an "AI+" initiative this year, aiming to promote large model applications across more than 20 industries. Wuhan Launches "AI+" Initiative: Single Projects Eligible for up to 20 Million Yuan in Funding This initiative, based on the Wuhan Municipal Policies for Promoting the Development of the Artificial Intelligence Industry, comprises ten key measures. These include supporting technological breakthroughs, enhancing computing power supply, and promoting model innovation, all aimed at accelerating the construction of a full AI industry chain ecosystem. The policies will be application-scenario driven, focusing on core elements such as computing power, models, data, and talent. Wuhan will allocate no less than 10 million yuan annually in computing power service subsidies to ease the burden on SMEs, and provide up to 20 million yuan in support for individual key technology projects. Reports indicate that Wuhan's AI industry is projected to exceed 70 billion yuan in scale by 2024, with an average annual growth rate exceeding 30% in the past three years and over 1,000 companies. Furthermore, Wuhan has successfully deployed the world's first multi-modal large model with over 100 billion parameters, "Zidong Taichu" 3.0, and a domestic general-purpose large model R&D platform. The press conference also highlighted policy focuses on key areas, including humanoid robots, intelligent connected vehicles, and dataset construction. For humanoid robots, Wuhan will promote the development of a full industrial chain for core components, striving for breakthroughs in cognitive, decision-making, and collaborative capabilities. For intelligent connected vehicles, Wuhan will promote the early mass production of intelligent driving models and collaborate with companies such as Huawei and Baidu. Furthermore, dataset construction will promote the classified development of public, enterprise, and personal data to build high-quality datasets.
BAKU, Azerbaijan, March 13, 2025 /PRNewswire/ -- As the world grapples with the ever-evolving challenges of climate change, Malaysia remains resolute in its commitment to the Paris Agreement even as key global players have chosen to step back from this critical accord. For Malaysia, climate action transcends politics—it is a moral imperative for our people and planet. As a nation, we will continue to honour the principles of the Paris Agreement, setting an example of steadfastness in the global climate dialogue. FROM BAKU TO BELÉM: MALAYSIA’S COP29 LEADERSHIP DRIVING REGIONAL AND GLOBAL CLIMATE ACTION Despite contributing just 0.8% of global greenhouse gas emissions, Malaysia has consistently sought to lead by example and push the envelope. At COP29 in Baku, Azerbaijan, the Ministry of Natural Resources and Environmental Sustainability (NRES) reaffirmed Malaysia's leadership role by actively engaging in negotiations, fostering collaborations, and showcasing our determination to push forward bold climate action. These efforts highlight not only our sense of responsibility but our aspiration to inspire and unite the global community towards a sustainable future. COP29 saw the establishment of a new global climate finance target of USD300 billion annually until 2035—a landmark decision that Malaysia strongly supports and welcomes. The operationalisation of the Loss and Damage Fund was another critical milestone, ensuring much-needed assistance for vulnerable nations. Malaysia's negotiators were instrumental in advocating for equitable resource distribution, underscoring the need for developed nations to honour their commitments. Malaysia also leveraged COP29 as an opportunity to enhance regional partnerships, particularly within ASEAN, whose Chairmanship we hold this year. The nation played a crucial role in advancing the ASEAN Common Carbon Framework, which seeks to promote sustainable energy and low-carbon economies across Southeast Asia. This initiative highlights our commitment to proactively strengthen regional collaboration while establishing ASEAN as a cohesive voice in global climate discussions. Malaysia is likewise finalising its National Climate Change Bill and preparing the third revision of Nationally Determined Contributions (NDC 3.0) with more ambitious targets, reinforcing its commitment to the Paris Agreement's goal of achieving net-zero emissions by 2050. Malaysia's National Adaptation Plan (MyNAP), supported by the Green Climate Fund – an operating entity under the Financial Mechanism of the UNFCCC, will further enhance our capacity to address climate vulnerabilities, including flooding and coastal erosion. These initiatives embody the Madani government's commitment to safeguarding both people and ecosystems. Further cementing Malaysia's climate strategy, the government is developing the National Carbon Market Policy, which will provide strategic direction for carbon trading initiatives. By operationalising Article 6 of the Paris Agreement, Malaysia seeks to become a leader in compliance-based carbon markets, aligning economic growth with emissions reductions. As ASEAN Chair in 2025, Malaysia aims to amplify the region's collective voice on climate action, emphasising inclusivity and sustainability. At COP30 in Belem, Brazil, we will present the ASEAN Joint Statement on Climate Change, advocating for regional solidarity, sustainable development, and financial support. Malaysia will also advance the development of the Southeast Asia Alliance negotiation bloc (Group SEA) to strengthen ASEAN's influence in global climate negotiations. Our nation is committed to operationalising the ASEAN Carbon Framework to guide member states toward carbon neutrality while ensuring no one is left behind. Malaysia continues to uphold its responsibility as a leader in global climate action, guided by the principles of justice, sustainability, and regional solidarity, in line with Malaysia's Madani framework for shared prosperity. In short, we remain committed to regional solidarity, shaping global climate policies, and achieving the net-zero target together. Looking ahead to COP30, Malaysia is resolutely focused on advancing ambitious climate goals, strengthening global partnerships, and highlighting the intrinsic link between climate action and biodiversity conservation. As one of the world's most biodiverse nations, Malaysia recognises that protecting our natural ecosystems is integral to our climate strategy. The upcoming global conference provides a pivotal opportunity to consolidate our achievements, reinforce our commitment to safeguarding biodiversity, and outline the next steps in our sustainability journey. Malaysia's journey underscores the importance of collective action in combating climate change. While we have made significant strides, developed nations must step up to provide the necessary resources, technology, and capacity-building support. Only through equitable collaboration can we achieve a just transition that leaves no one behind. Climate change is a challenge we cannot ignore, regardless of geopolitical rivalries or political partisanship. As such, the world must continue to unite and act if there is to be any hope for the human race at all. As we prepare for COP30, Malaysia remains steadfast in its mission to lead with purpose and integrity. Although others may waver, our commitment to the Paris Agreement is sacrosanct, and our vision for a sustainable future remains clear. Still, if all nations can unite, we can hope to create a world that honours the principles of equity, resilience, and hope for generations to come.
NEW YORK, March 12, 2025 /PRNewswire/ -- The United Nations Global Compact, in partnership with UN Women and the Champions of Change Coalition, today concluded a high-level Business Leadership Dialogue, convened on the margins of the 69th session of the Commission on the Status of Women (CSW69). The gathering united over 50 business leaders, policy experts and change-makers to accelerate private-sector commitments toward women's economic empowerment by 2030. The event marked three significant anniversaries for global gender equality efforts: 30 years since the establishment of the Beijing Declaration and Platform for Action 25 years since the founding of the UN Global Compact 15 years since the creation of the Women's Empowerment Principles (WEPs) Despite decades of progress, on average, women are paid about 20 per cent less than men, according to the International Labour Organization leading to significant lifetime income inequality. At the current rate it will take 134 years to close the global gender gap. Yet companies with diverse leadership teams are 25% more likely to outperform their peers. During the dialogue, participants examined how businesses can apply a gender lens across the value chain by creating gender-responsive supply chains and directing capital to women-owned businesses, engage male allies and advocate for policy enablers to bridge persistent gender gaps worldwide. Conversations focused on: Invest in Women Initiative: The UN Global Compact spotlighted its Invest in Women initiative designed to increase capital flows to women-owned businesses and champion gender-inclusive investments, urging companies to align their investment and procurement strategies with gender equality objectives. Business leaders also shared successful case studies on how they have embedded a gender lens into supply chain operations, emphasizing that doing so unlocks diverse markets, fosters innovation, and reinforces stakeholder trust. Male Allyship: In a fireside chat featuring the Champions of Change Coalition and Equimundo, speakers highlighted effective approaches for mobilizing men in leadership positions to champion gender equality and women's economic inclusion, with a focus on culturally attuned, scalable programs. The UN Global Compact also launched its new knowledge tool – "Mainstreaming Male Allyship: an Action Guide for Business," developed in partnership with Equimundo. Africa Business Leaders Coalition (ABLC): This dialogue dove into the extensive implementation that ABLC members have driven on the Gender Statement. It also explored the progress that ABLC member companies are advancing across sectors and geographies on the continentsince launching a historic Gender Statement in Kigali, Rwanda in May 2024, demonstrating how regional coalitions can drive global transformation. Forward Faster initiative & the WEPs: Businesses were called on to commit to the Forward Faster initiative—targeting equal representation, participation, and leadership of women at all levels by 2030—and to sign on to the Women's Empowerment Principles (WEPs), which provide a comprehensive framework for embedding gender equality across the workplace, marketplace, and community. "Accelerating women's full participation is not just a moral imperative, it's an economic one," said Melissa Powell, Deputy Executive Director of the UN Global Compact. "As we celebrate the 30th anniversary of the Beijing Declaration and 25 years of the UN Global Compact, we have never been closer to a true tipping point. By investing in women-led enterprises, championing male allyship, and building equitable supply chains, businesses can lead the charge on achieving the Sustainable Development Goals by 2030." Following the dialogue, attendees participated in roundtable discussions and committed to sharing key insights across their networks. Companies are encouraged to join or deepen their engagement with the Forward Faster initiative and the WEPs, setting measurable targets to close leadership and pay gaps, and to implement policies that champion inclusivity at every level. About the UN Global CompactThe ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.
BEIJING, March 10, 2025 /PRNewswire/ -- In today's world, with the sluggish global economic recovery and the rising trend of trade protectionism,we are faced with many challenges. As the top contributor of global economic growth, China's economy has always been the focus of the world's attention. During this year's two sessions, China Talk of China.org.cn has interviewed ambassadors and counselors from various countries to share their views on China's economy in 2025 and the cooperation between China and their countries. Foreign Ambassadors’ Views on China’s Economy in 2025 Peter Lizak, Ambassador of Slovakia to China: China has been developing in tremendous ways over the last 40 years, and let me congratulate to the results you have achieved. Over the years, Chinese people have achieved good results and that is really the situation. You are now turning from the extensive development to intensive development, from quantity to quality. As Chinese President formulated, rejuvenation of the country. So you are focusing on the most prominent, more modern part of the economy. And I think these will be discussed during these days. China is one of the most important players in the world, and global partners expect from China a stable and reliable approach for solutions to world questions and challenges. John Busuttil, Ambassador of Malta to China: The global economy is in a very difficult situation right now. Europe is also faced with challenges. But China's economy, we hope that the situation improves and that the plans made during two sessions will help. Because if China's economy improves, the global economy will also improve. And also we hope that relations and trade between the European Union and China will continue to grow, because more trade we have, more prosperity there will be for the people. Malta, as a member of the European Union, as I mentioned, we hope that trade relations will be increased and the relationship between both global players (China and EU) will get better and better. We have our foreign Minister coming in July to China, and we hope that the discussions between China and Malta will continue. We have very long diplomatic relations with China since 1972, and the relations are very strong. Malta is a neutral country. We hope that peace and prosperity of the the two nations will continue to improve for the best benefit of the whole global economy and the global situation. Fernando Lugris, Ambassador of Uruguay to China:I think it's very important for the international community, and especially for countries like Uruguay, that have such a close trade and economic relationship with China, to hear the indications that the government is going to provide to the public during the two sessions. We hope to hear good news. We hope to hear that China will continue to be the engine of the world economy as it has been in the last decades. We have a new government in Uruguay, and the new authorities are hoping to be able to elevate our comprehensive strategic partnership (with China) to a new level. We have a very close relation with China, and especially China is our number one trading partner. So we are hoping to be able to increase and diversify the goods that we export to China, to be also able to export more services and to negotiate new frameworks for more investments to come. So we are having a lot of conversations and hoping to have a lot of high-level meetings and visits from both sides in order to make this comprehensive strategic partnership into a new beginning with this new Uruguayan administration. Alfredo Ortuno Victory, Ambassador of Costa Rica to China: We are very happy to be here to hear the perspective of China for 2025. I hope everything is good for the Chinese people and for the people of my country. I expect China's economy to be more or less the same as 2024, around 5% of GDP increase. My country Costa Rica is looking forward very pleasantly to major cooperation with China in terms of trade and in terms of more profound cooperation. We have a very interesting matrix of products. We send to China more than 800 different products. And we import a lot from China as well. Miguel Humberto Lecaro Barcenas, Ambassador of Panama to China: If you were in China many years ago, you can see the difference. You can be a witness of the big development of the economy of China. We have a good relationship in this moment between Panama and China and to develop the commerce and trade with all the world. The main importance of Panama is the geographical position. It's in the middle of the Americas. And then we play an important role in the trade and commerce of China in the American continent. Allan Joseph Chintedza, Ambassador of Malawi to China:We always expect the Chinese economy to be stronger because the stronger economy (of China) serves us well because of the Belt and Road Initiative and the relationship that we have under the Forum on China-Africa Cooperation. You may remember last year in September, we had heads of states from the African continent. And what we have said is that the relationship between China and Africa is quite crucial. Because when you combine the two populations, we can create a huge market, which is win-win for both China and Africa. Now, specifically for Malawi, Malawi is an agricultural country and having a close relationship with China in terms of the modernization of agricultural sector, which is again a win-win (cooperation). Because we expect exporting raw materials, products like soybeans, chilies, groundnuts and macadamia. So all these China will be able to use. And for us in return, we hope we can be able to import mechanization, tractors, drones, which indeed does bring in mechanization and modernization to our agricultural sector. Kenneth Rabale, Ambassador of Lesotho to China: The economy of China seems to be kind of balancing. And the cooperation between Lesotho and China seems to be very good for a long time. More than 40 years ago, we have started the relationship with China and everything seems to be smooth, especially with regard to the partnership that exists between the two countries in terms of trade, bilateral relations, etc. I think China seems to be kind of improving technologically. China is the best country in terms of technological development. So we are learning from it. We are actually cooperating closely with China in many aspects. Arlindo do Rosário, Ambassador of Cape Verde to China:China makes the same target as 2024, 5%, which is a challenge because the global situation is not good, but I think it's possible. China is a great country, great economy, with very good qualification. So I think if the government sets its target as 5%, I think it will be possible. I think the economy will grow. Maybe with more difficulty, but I think it is possible (for China) to do it. I hope that the cooperation between China and Cape Verde will continue to grow. Next year is the 50th anniversary of the relationship between Cape Verde and China. And so I have a great hope that this cooperation can go to a higher level. Antonio Monsuy Esono, Counselor of the Equatorial Guinean Embassy in China: China's economy is developing very fast and China offers a great help to Africa. The relationship between Equatorial Guinea and China goes well in all aspects, I am very happy to work in China to do something for the relationship between the two countries. Equatorial Guinea and China have established diplomatic relations for 55 years, and the cooperation between the two countries in all aspects is very good. I feel that China's political system is very good. Chinese government works for their people. Abdullah Almantheri, Counselor of the Embassy of Oman in China: I think the Chinese economy is heading upwards, it might face some challenges, global challenges, and that's very natural. And the Chinese economy is progressing very confidently. It's moving on. It's focusing on high-tech, artificial intelligence, etc. I think it will just keep going on and keep improving. And this is my wish as well, because I'm in love with this country. Most of the things I use are China-made. Thanks to the long history of cooperation between the two countries, not only commercially, but also politically, the level of cooperation and the economy between China and Oman is improving. It's going to be even better in the coming days because Oman is now focusing a lot on opening up with the Chinese economy. I think in 2025, we're going to see a leap in the economic cooperation between the two countries. Foreign Ambassadors' Views on China's Economy in 2025http://fangtan.china.com.cn/2025-03/09/content_117755787.htm
BEIJING, March 10, 2025 /PRNewswire/ -- A report from Xinhuanet: Presidents and editors-in-chief of mainstream media organizations across the world are closely following the developments in China's "two sessions", a critical window into China's development roadmap for 2025. ECONOMY Wong Chun Wai, chairman of Malaysian National News Agency (Bernama): The "two sessions" are definitely very important. It's been watched around the world, because China is very important to the world. Benjamin Mgana, chief editor of foreign news for The Guardian newspaper in Tanzania: In the face of global economic uncertainty, how China sets and achieves new growth targets will have a direct impact on the global economic landscape. Osama Al-Saeid, editor-in-chief of Egypt's Al-Akhbar newspaper: With targeted planning, strong leadership, and support from the people, China has overcome numerous obstacles and challenges, transforming itself into one of the world's most significant economies today. HI-TECH Ali M. Ali, managing director of the News Agency of Nigeria: Because of imports from and cooperation with China, electric vehicles are seen on the streets of Nigeria and solar energy is being promoted across the country. Radomir Diklic, director of Serbia's Beta News Agency: China will continue this parallel development--offering the world its best innovations while also absorbing the best global advancements. Any serious business-minded country should see China as a partner rather than an adversary. Benjamin Mgana, chief editor of foreign news for The Guardian newspaper in Tanzania: In recent years, China has continued to advance technological innovation, particularly in artificial intelligence (AI), green energy, new energy vehicles, and semiconductors. FOREIGN POLICY Ruslan Kenjaev, deputy editor-in-chief of Uzbekistan's Narodnoe Slovo (People's Word) Newspaper: The Belt and Road Initiative (BRI) brought much-needed infrastructure improvement to Central Asian countries. China-Kyrgyzstan-Uzbekistan railway under the initiative would improve logistics in the region and elevate its status in the global supply chain. Wong Chun Wai, chairman of Malaysian National News Agency (Bernama): In 2024, I made so many trips to China. I actually lost track of how many trips I went there. Because of this policy of encouraging people from both sides to travel, it has increased the people-to-people relationship Mudassar Iqbal, deputy director of Associated Press of Pakistan: China has signed free trade agreements with different nations and eased tariffs, which have enhanced trade cooperation between countries; meanwhile, it has eased rules on foreign investment.
Foreign policy/International affairs
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