World should pursue peaceful, open, innovation-driven development

By He Yin, People’s Daily

All sides must assume their responsibilities for history and the people, keep to the right direction, and work together to build a community with a shared future for humanity, said Chinese President Xi Jinping.

Xi made the remarks in a video address at the opening ceremony of the 60th anniversary celebrations of the United Nations Conference on Trade and Development (UNCTAD) on June 12.

He stressed that all sides need to foster an international environment for peaceful development, follow the trend toward open development, and harness the historic opportunity for innovation-driven development.

What he said fully demonstrated the emphasis that China lays on global development and the country’s strong support for the common development of the Global South.

The world today is undergoing faster changes unseen in a century. Peace and development is confronted with new challenges. At the same time, the aspiration for peace, development, and cooperation of people from all countries has become even stronger.

Since its inception, the UNCTAD has been making voices for developing countries, vigorously advancing South-South cooperation, advocating North-South dialogue, and promoting a new international economic order.

In Xi’s video address, he elaborated on China’s advocacy for an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization. This is conducive to promoting global common development and prosperity.

Fostering an international environment for peaceful development is a necessary prerequisite for achieving global development.

History has proved that only by adhering to peaceful development and win-win cooperation can the world achieve long-term stability and universal prosperity.

Standing at a crossroads where the world must choose between unilateralism and multilateralism, and between lose-lose and win-win, China has always stayed committed to its original aspiration of forging ahead hand in hand with fellow developing countries.

China holds that all countries, major ones in particular, should pursue true multilateralism, advocate an equal and orderly multipolar world, abide by the purposes and principles of the UN Charter, and support a more effective role of UNCTAD and other multilateral agencies.

UNCTAD Secretary-General Rebeca Grynspan said that multilateralism is the antidote to challenges such as trade protectionism, and she appreciates China’s support for multilateralism and South-South cooperation.

Following the trend toward open development is the only way to achieve global progress.

Economic globalization, like rivers converging into the sea, is an inevitable course of history. The problems associated with economic globalization can only be resolved through its continued development; unilateral actions and protectionism will only backfire.

China believes the world should advocate a universally beneficial and inclusive economic globalization, promote trade and investment liberalization and facilitation, properly resolve development imbalance and other issues, and make the global governance system more just and equitable.

As UN Secretary-General Antonio Guterres stated, “We must channel the courage and wisdom of those who built UNCTAD, to reimagine a world where trade is a force for shared prosperity — not geopolitical rivalry. Where global supply chains are source of green innovation and climate action — not environmental damage”.

Harnessing the historic opportunity for innovation-driven development is an inevitable choice to achieve global development.

The ongoing new round of technological revolution and industrial transformation, led by digital technology and artificial intelligence (AI), is cultivating new quality productive forces and bringing new development opportunities to countries, particularly developing ones.

It is important to build an open, inclusive and non-discriminatory environment for the digital economy, follow the people-centered, AI-for-good principle and strengthen AI-related rules and governance within the framework of the United Nations, actively advance green transition, and help developing countries join the trend of digital, smart and green development.

It is necessary to adhere to innovation-driven development, strengthen cooperation in areas such as new industrialization and AI, accelerate the development of new quality productive forces, and provide all people with a future full of opportunities.

China will always be a member of the Global South and the developing world. It has always been taking actions to promote global development.

China has proposed the Belt and Road Initiative, Global Development Initiative, Global Security Initiative, and Global Civilizations Initiative, with the aim of assisting global modernization and achieving shared prosperity.

While pursuing its own development, China also helps other developing countries accelerate their development. Through high-quality development, China is comprehensively advancing Chinese modernization, which will undoubtedly bring new and greater opportunities to global development.

In 2023, China’s total import and export of goods reached $5.94 trillion, with outbound investment of $147.85 billion, contributing 32 percent to global economic growth. China will continue to be the largest engine driving global economic growth.

Development concerns the well-being of all humanity. All parties should bear in mind the future and well-being of mankind, pursue peaceful, open and innovation-driven development, build international consensus on development, and foster new growth drivers for global development.

China is ready to work with all parties to help implement the 2030 Agenda for Sustainable Development, ensure that more development gains will be shared more fairly by people across the world, and usher in a bright future of peace, security, prosperity and progress for the world.

Beijing makes big strides in integrated vehicle-road-cloud solution

By Wang Zhou, People’s Daily

In recent years, autonomous driving scenarios have become increasingly common in Beijing, the capital of China, especially in the Beijing High-Level Autonomous Driving Demonstration Zone located in the city’s Economic-Technological Development Area, or Beijing E-town.

If you go to E-town from the Beijing Daxing International Airport, autonomous cabs are at your service. If you are on a visit to the Beijing Municipal Administrative Center, you can take self-driving buses for a tour. The streets of the city, which are spick-and-span every morning, are also cleaned by autopilot sanitation vehicles at midnight.

In the Beijing High-Level Autonomous Driving Demonstration Zone, more than 800 autonomous driving vehicles manufactured by 29 automakers have obtained the approval for road testing. The testing mileage of these vehicles has totaled nearly 30 million kilometers.

Such achievements are inseparable from the National Innovation Center of Intelligent and Connected Vehicles (CICV) located in E-town.

At the Taiheqiao base of the CICV, People’s Daily journalists boarded a test vehicle. A safety supervisor in the driver’s seat took his hands off the steering wheel, and then the vehicle performed a series of tasks including accelerating, decelerating, turning, overtaking and lane changing.

The ride was impressively smooth and the vehicle surprisingly intelligent. Even when some of the traffic markings on parts of the road were blurred, the vehicle could still operate “by the book”; when a pedestrian suddenly appeared on the zebra crossing in front of the vehicle, the vehicle didn’t “panic,” but decelerated smoothly after its laser radar detected the pedestrian.

“To develop intelligent and connected vehicles, we need to integrate vehicles, roads, big data and cloud computing technologies into one system, so that we can better achieve intelligent mobility. This is the integrated vehicle-road-cloud solution we have been exploring,” said Zheng Jihu, executive vice director of the CICV.

On the test roads for autonomous driving in E-town, when traffic congestion happens at an intersection 500 meters ahead, intelligent traffic light poles will quickly upload relevant information to the cloud. The cloud then transmits this to intelligent connected vehicles, telling them to promptly find a smoother route.

The demonstration zone is equipped with roadside sensors, intelligent traffic signal control systems, and vehicle-to-infrastructure communication systems. It enables comprehensive connectivity between vehicles and road infrastructure, as well as vehicle-to-vehicle connectivity, facilitated by laser radars, millimeter-wave radars, and AI cameras.

“Through the deep integration of vehicles, road infrastructure, and cloud computing platforms, we effectively solve the problems of information asymmetry and lack of coordination in traditional traffic systems, significantly improving the safety, efficiency, and comfort of the transportation system,” said Zheng.

At the end of February this year, under the guidance of the CICV, a demonstration route for the application of intelligent and connected vehicles was opened, connecting the Baodi Station of the Beijing-Tangshan Intercity Railway and the Beijing-Tianjin Zhongguancun Tech Town. The 11.3 km road has a designed maximum speed of 70 km/h, with a one-way trip taking only 18 minutes at the fastest.

The demonstration route adopts a vehicle-road-cloud integrated solution, which enables intelligent and connected buses running on it to respond promptly to emergencies, detect pedestrians and vehicles, automatically decelerate to avoid collisions, and automatically stop at stations, said Tang Fengmin, an executive of the CICV.

According to Tang, one-way travel time has been reduced by 47 percent. This provides support for subsequent expansion and connection to more application scenarios.

Currently, the CICV is equipped with 22 professional laboratories and a trial production center. These laboratories are able to test whether an autonomous driving vehicle is able to “see” and “hear.”

In an in-the-loop laboratory of the CICV, a newly launched self-driving car appears stationary but has already “driven” tens of thousands of kilometers during several months of testing.

A test vehicle on a vehicle test bed is similar to a person running on a treadmill wearing a virtual reality headset, as simulated road environments are shown on a large screen.

Tests that would take two to three weeks on real roads can be compressed into just one to two days on the test bed. The CICV has collected over 1 million real-world scenarios nationwide, allowing test vehicles to adapt to all situations.

Unlike traditional vehicles, which primarily focus on real-world road testing for their dynamic performance, testing for intelligent and connected vehicles is mainly done through digital modeling. This requires a rich scenario library to enable the testing and verification of algorithms for driving perception, decision planning, and intelligent control.

The CICV has established a leading domestic scenario database for intelligent and connected vehicles, a virtual vehicle and human-machine interaction testing environment, and a wireless communication testing environment for complete vehicles. This can support full-scenario testing and application services from virtual simulation to real vehicle verification during the entire vehicle development process, potentially saving 70 percent of research and development costs for enterprises.

Utilizing the platforms it has built, the CICV is actively promoting and formulating relevant standard systems.

“Information security and communication security are prerequisites for the application of intelligent and connected vehicles, but there has always been a lack of unified standards and clear norms. The CICV has released a series of standards, providing a basis and direction for the information security testing of our products,” said Xiao Ping, product manager of truck business at Pony.ai, a Chinese autonomous vehicle technology company.

In recent years, the CICV has released more than 20 standards to facilitate the construction of an integrated vehicle-road-cloud standard system.

2027 : Am not supporting any candidate for now, waiting for government directive – Former Nasarawa Speaker Balarabe.

“… as he calls on politicians not to overheat the politics, says now is time for governance…”

The Immediate Past Speaker of the Nasarawa State House of Assembly, Rt. Hon. Ibrahim Balarabe Abdullahi has said that the time is not ripe yet for 2027 politics instead it is time to pray, support and allow elected representatives to focus and deliver on their mandates.

This, Balarabe Abdullahi said when the time comes, Government will give them direction of where to go by and stakeholders will give their advice where necessary.

The Former Speaker of Nasarawa State House of Assembly Rt. Hon. Ibrahim Balarabe Abdullahi stated this when the former Chief Executive Officer (CEO) of National Primary Healthcare Development Agency, Dr. Faisal Shuaib paid him a sallah homage in his residence in Umaisha, Toto LG.

Balarabe Abdullahi, who appreciated Dr Faisal for the visit said peace, unity and development of Toto LG and the State should remain their priority.

“First, let me thank God Almighty for the gift of life and for us to witness yet another sallah festival, I also thank you sincerely for finding time to identify with me, may God bless you

” Secondly, to me the time is not ripe yet for 2027, we still have three years to go by, One year only has just gone, may God give us long life and sound health to witness 2027

“For me, like every other civilians with democratic right, I stand with the government for the benefit of my people and when the time comes, I believe government will give us directions, stakeholders will advise accordingly and that is where we will belong and that will be the way to go for me and my people

“I have earlier told my people at the palace that this is not time for politics, I am not supporting any political aspirants for now, all we are doing is assessing our representatives to see their developmental efforts in our area, what they are bringing to the table for our people

“Leadership comes from God and he has designed the beginning to the end of the destiny of every one and no one have right or power to stop anyone’s destiny

” And my brotherly advise is that operate with caution and be prayerful so that God will guide you and beware of bad eggs among you because some people are not what they claimed to be, that is the fact” Balarabe added.

Earlier, Dr Faisal Shuaib said he has come to identify with the former Speaker at sallah period as a political leader in the area and appreciated him for the good work he is doing for his people.

” I have come with my entourage to pay you sallah homage as our political leader, I have visited His Royal Highness the Ohimegye at the palace to identify with him on this sallah before coming here

” Ohimegye has said a lot of good things about you, your peace, unity and developmental efforts in our land, we appreciate you for that and urge you to sustain the spirit. God Almighty will continue to bless you

” Let continue to work for peace, unity and prosperity of our land” Dr Faisal added.

Mirinda Asheazi Ombugadu Foundation Empowers 150 Nasarawa Women During Eid el Kabir with Generous Donations

From Leo zwanke, Lafia

In celebration of Eid el Kabir, the Miranda Asheazi Ombugadu (MAO) Foundation, led by the wife of the Nasarawa state PDP governorship candidate, has distributed gift packs worth ₦5 million and ₦1 million in cash to Muslim women across Nasarawa State. This initiative supports the Muslim community during their festive celebrations.

The distribution occurred on Tuesday across the state’s three geopolitical zones, including the PDP party secretariat on Jos Road in Lafia for the Southern Zone, Unity House Akwanga for the Northern Zone, and Ombugadu Campaign Office at New Nyanya for the Western Zone. The effort aimed to ensure that women from various localities within the three senatorial districts received the gifts.

Each gift pack contained rice, spaghetti, and seasoning cubes, essential items for festive preparations. “Eid el Kabir is a time of sharing and giving, and we at the MAO Foundation believe in spreading joy and supporting our community. This initiative is our way of joining our Muslim sisters in their celebrations,” said Miranda Asheazi Ombugadu, Chief Executive Director of the foundation.

Asheazi Ombugadu emphasized the foundation’s dedication to social welfare. “Our foundation is dedicated to uplifting the lives of the people in our community. This Eid el Kabir, we chose to focus on the women who play a crucial role in their families and communities,” she added.

The distribution process was conducted smoothly, with volunteers ensuring the gifts reached the intended recipients. The MAO Foundation coordinated with local leaders to identify the women who would benefit the most from the initiative.

“We are all part of one community, and it is our collective responsibility to support and uplift each other. Eid Mubarak to all our Muslim sisters, may this festive season bring you peace and happiness,” Asheazi Ombugadu wished, expressing a message of unity and goodwill.

The foundation’s efforts were met with appreciation from the beneficiaries. Amina Abdullahi, a recipient from the Nasarawa South senatorial zone, expressed her gratitude, stating, “This gift means a lot to me and my family. It shows that we are remembered and supported, especially during this special time of the year.”

Another beneficiary, Fatima Musa from the Nasarawa North senatorial zone, remarked, “The rice, spaghetti, and seasoning cubes will significantly help us prepare for Eid. The cash gift is an added blessing that will assist us further.” The MAO Foundation’s initiative is part of its broader mission to support vulnerable groups in society, particularly women and children.

Shanghai speeds up efforts to build itself into sci-tech innovation center with global influence

By Liu Shi’an, Huang Xiaohui, People’s Daily

A humanoid robot developed by a company in the Zhangjiang AI Robot Valley, Shanghai has gained new capabilities. Apart from walking rapidly and avoiding obstacles, it is now able to wave its two robotic arms freely, recognize different scenes and learn. The robot may perform many professions in the future.

“Previously, such technological upgrades would take at least three to five years. Now, with the training by AI large models, the robot has upgraded in just half a year,” said Gu Jie, founder of Fourier Intelligence, the developer of the humanoid robot.

According to Gu, the rehabilitation robots developed by the company have been commissioned in more than 2,000 medical institutions.

Speaking of the changes in Zhangjiang, Gu, who has been running a business there many years, said: “More and more multinational companies and innovative companies are settling in Zhangjiang, making it easy for us to seek all kinds of talent, upstream and downstream companies, and application scenarios.”

In recent years, Shanghai, strengthening its efforts to build itself into a source of technological innovation, has followed a development pattern driven by both technological innovation and institutional innovation, accelerated its stride toward becoming a globally influential science and technology innovation center, and achieved a significant leap in its comprehensive scientific and technological strength as well as overall innovation efficiency.

Shanghai has made a series of major scientific and technological breakthroughs in domestically-produced large aircraft, domestically-built cruise ships, deep space exploration, and deep-sea endeavors. It has also achieved many “firsts” in somatic cell monkey cloning and single chromosome eukaryotic cells.

Shanghai continues to lead the nation with a high-value invention patent ownership of 50.2 per 10,000 people. The framework of building Shanghai into an international science and technology innovation center has basically been done, and Shanghai is now accelerating efforts to strengthen its functions.

The construction of upgrades of the Shanghai Synchrotron Radiation Facility (SSRF), a key sci-tech infrastructure to reveal the mysteries of the microscopic world passed the national inspection and acceptance in Shanghai on May 15. which will greatly improve the experimental research capabilities of the light source.

“The SSRF is like a ‘scientific research aircraft carrier’, bringing together a group of top scholars and outstanding teams from home and abroad. At present, we are intensively conducting preliminary research on next-generation light source facilities to pursue brighter and stronger light beams,” said Zhao Zhentang, an academician of the Chinese Academy of Engineering and director of the SSRF.

Shanghai has consolidated its foundations and built platforms to become a source of innovation. The city’s R&D investment intensity has increased from 3.4 percent in 2014 to 4.4 percent in 2023. Focusing on fields such as photonics, life sciences, and artificial intelligence, Shanghai is accelerating the construction of clusters of major scientific and technological infrastructure. Twenty relevant facilities have been built, are under construction, or are planned. Besides, Shanghai is home to more than 80 high-end national scientific research platforms.

The driving force comes from reform. Focusing on the key links concerning innovation entities such as universities, research institutes, enterprises, new R&D institutions, and scientific and technological talents, Shanghai issued and implemented 18 measures for streamlining administration and delegating powers to push forward in-depth reforms of the sci-tech system, and further stimulate the innovative vitality of the society.

“The new measures have given greater motivation to scientific researchers, and the long-term stable investment mechanism allows researchers to settle down and make long-term commitments,” said Zeng Xiaoqin, dean of the Office of Research Management, Shanghai Jiao Tong University.

A good innovation ecosystem attracts talents from all directions. Currently, more than 800,000 professionals work in Shanghai’s three leading industries: integrated circuit, biomedicine, and artificial intelligence.

In 2023, the three industries reported total output of 1.6 trillion yuan ($220.54 billion), and that of strategic emerging industries accounted for 43.9 percent of the total output of industries with annual revenue of 20 million yuan or more from their main business operations.

At present, Shanghai has more than 500 innovation and entrepreneurship carriers, which are incubating nearly 30,000 enterprises and teams. Besides, the city is home to more than 24,000 high-tech enterprises. There is one listed company per square kilometer in Zhangjiang Hi-Tech Park.

Chen Jining, secretary of the Shanghai Municipal Committee of the Communist Party of China, noted that Shanghai will strengthen its efforts to build itself into a source of scientific and technological innovation. It will unswervingly pursue new quality productive forces and core competitiveness through scientific and technological innovation, and strive to achieve new breakthroughs in the construction of a globally influential science and technology innovation center.

Chinese providers of AI-driven large models reduce prices for better AI development

By Wang Junling

Recently, leading Chinese companies in the large model sector, including ByteDance, Baidu, Alibaba Cloud and Zhipu AI, have announced significant reductions in the prices of their generative artificial intelligence (AI) large models and related services.

Many of these companies have lowered their prices by more than 50 percent, and some products have even seen price reductions exceeding 90 percent.

“I often encounter problems when programming, and at such times, large models are a great source of inspiration. The price reduction of large models offers people with more choices and lowers the threshold for usage, thus significantly improving work and learning efficiency,” said Feng Yepeng, a computer science student at a university in Beijing.

Luo Yiran, who works in network operations in Wuhan, central China’s Hubei province, said that the user experience of domestic large models has been continuously improving in recent years, meeting her practical needs such as seeking inspiration for planning and collecting background information.

In her opinion, it is a positive trend to reduce prices in a timely manner as application scenarios continue to expand.

In participating in this “price reduction trend”, large model service providers have their own considerations.

Some hope to explore more application scenarios.

Shen Dou, executive vice president of Baidu and chief of Baidu AI Cloud Group, said that the development of AI needs support from new development paradigms and new technological tools. By reducing the price of certain products and making some core large models free, Baidu is minimizing the cost of trial and error in its innovation, Shen explained.

“Price is just one factor that consumers consider when choosing large models. Compared to price, they consider the models’ effectiveness, application scenarios, and successful cases more important. Through price reductions, we hope to quickly explore and replicate more potential application scenarios for large models,” Shen said.

Besides, some companies hope to release market potential through price reductions.

Through its self-developed Tongyi AI model family, Alibaba Cloud has built a matrix of foundational models and industry-specific models. Senior expert Zhu Xunyao of Alibaba Cloud noted that the price reductions aim to make large models affordable for more ordinary users and small- and medium-sized enterprises, therefore accelerating the release of potential in the market of AI application.

Zhu said that for Alibaba Cloud, the cost for users to use large-scale models mainly lies in the computational resources consumed during model inference, which is significantly lower on the public cloud compared to private deployment.

“We have greatly reduced the cost of model inference based on a series of key technologies and products we have developed. The technological dividends, economies of scale, and cost advantages brought by the public cloud has boosted our confidence in lowering prices and seizing the market,” Zhu said.

Behind the price reductions lie the efforts and hopes of many large model providers and even internet companies to empower work and life with AI.

Zhang Peng, CEO of Zhipu AI, believes that the development of AI technology has entered a new stage. However, he said, there is still a significant gap between the improvement of the technology curve and enabling more people to benefit from the powerful productivity of AI. There is still much work to be done in effectively utilizing the capabilities of large models to help people in their work, learning, and daily lives, he added.

Wang Peng, associate researcher with the Institute of Management of the Beijing Academy of Social Sciences, noted that with the continuous development and optimization of large model technology, the marginal time and resources required for model training are gradually decreasing.

In particular, algorithm improvements, computational efficiency enhancements, and declining hardware costs have made it possible to reduce the price of large models, Wang said.

From this perspective, the underlying reasons for the current wave of price reductions for large models in both domestic and international markets are generally similar. Major manufacturers aim to promote the popularization and application of AI technology through price reductions.

“On the one hand, price reductions make large model services more affordable, effectively expanding the market size and user base. On the other hand, significant price reductions in the short term will intensify market competition and prompt large model providers to continuously improve service quality to retain users,” Wang said.

Over time, inefficient or underfunded businesses may be eliminated, while distinctive but difficult-to-scale businesses may be merged, Wang added.

Experts generally believe that the large model industry needs to explore diverse application scenarios, focus on data quality and privacy protection, diversify revenue sources, and improve user feedback mechanisms, so as to achieve healthier and more sustainable development.

Local currency settlement strengthens mutual benefit in foreign trade

By Lin Zihan

Recently, a Chinese-made aircraft leased by Indonesia arrived in Jakarta. It marked China’s first cross-border leasing of a homegrown aircraft settled in offshore Chinese yuan.

As China reaches agreements with more trading partners and strengthens the use of local currencies in international trade and financial transactions, cross-border transactions between China and other countries are expected to enjoy greater convenience. This will provide new opportunities for the cooperation on bilateral and regional trade and investment.

Cai Qingfeng, a professor at the School of Economics, Xiamen University and deputy dean of the university’s Belt and Road Research Institute, said that the use of local currency settlement aligns with the growing trade between China and the relevant countries and regions, reflecting the increasing demand for trade.

“China has become a main trading partner of over 140 countries and regions, with its total trade in goods ranking first in the world. China has maintained the largest trading partner of ASEAN for years. It is also the largest trading partner of Africa and second largest of Latin America,” said Cai.

He said China has close economic and trade relations with major economies around the world, and its economy is deeply integrated into the global industrial, supply and value chains.

“This provides a broad range of application scenarios and practical demand for promoting local currency settlement,” said Cai.

China and relevant countries have achieved fruitful results in the bilateral local currency settlement arrangements.

In September 2021, the People’s Bank of China and Bank Indonesia announced the launching of a cooperation framework for promoting the use of local currencies for settlement of bilateral trade and direct investment between China and Indonesia.

This made Indonesia another Belt and Road partner country to establish a bilateral local currency settlement agreement with China, following Vietnam,Laos, Russia, and other six countries.

In early 2023, China and Brazil signed a memorandum of cooperation to phase in the yuan clearing arrangement in Brazil. Brazil announced that it would conduct bilateral trade settlement with China using a local currency.

In March 2023, Chinese and French companies completed the first cross-border yuan-settled trade of liquefied natural gas.

“Local currency settlement, driven by the demand for economic and trade exchanges, is a mutually beneficial choice that aligns with the interests of both parties,” said Zou Jingxian, associate professor at the National Academy of Development and Strategy, Renmin University of China.

China has close economic and trade ties with Belt and Road partner countries and other members of the Regional Comprehensive Economic Partnership, Zou said, adding that the demand for trade provides a solid foundation for promoting cooperation in local currency settlement between China and its foreign partners.

“Using local currency settlement can streamline the exchange process, reduce the economic and time costs of transactions, and provide convenience for cross-border trade. At the same time, local currency settlement helps avoid the exchange rate risks caused by fluctuations in the value of the U.S. dollar, thus reducing exchange losses and easing pressure on foreign exchange reserves,” said Cai.

“Using local currency settlement will encourage Brazilian companies to actively participate in the Chinese industrial chain, especially in areas such as electric vehicles, clean energy, biotechnology, and precision agriculture,” said Marcos Pires, director of the Institute of Economics and International Studies at Brazil’s Sao Paulo State University.

From a financial perspective, local currency settlement can generate a significant amount of Brazilian real and Chinese yuan capital, thus driving direct investment, Pires added.

According to data from the People’s Bank of China, China’s cross-border receipts and payments in Chinese yuan totaled 52.3 trillion yuan in 2023, growing 24.2 percent year on year.

In particular, cross-border yuan payments for trade in goods accounted for 25 percent of the total cross-border payments for trade in goods in both domestic and foreign currencies during the same period, an increase of 7 percentage points compared to 2022.

By the end of 2023, the coverage of the Cross-Border Interbank Payment System has expanded to 182 countries and regions worldwide.

Zou stated that the Chinese yuan enjoys strong international credibility. China’s comprehensive strength, responsible monetary policies, steady economic growth, and ample foreign exchange reserves, among other factors, serve as reassurances for other countries to accept and use the currency.

She further pointed out that for a currency to be widely used in settlement and clearing, an efficient payment system is indispensable. Currently, China is at the forefront globally in areas such as mobile payments and the use of digital currency.

Cai noted that promoting local currency settlement cooperation between China and other countries and regions benefits the diversification of the international monetary system, mitigating the negative impacts of the U.S. Federal Reserve’s monetary policies and exchange rate risks on global economic fundamentals.

“Local currency settlement cooperation between China and relevant countries and regions will further unleash global economy’s potential for trade and investment,” said Cai. He noted that promoting local currency settlement cooperation will continuously create favorable conditions for trade and investment between China and its Belt and Road partner countries. This will strengthen economic ties between China and relevant regions, and facilitate investment and trade within those regions.

China has been the most firmly and actively committed to promoting peace talks on the Ukraine issue

By He Yin, People’s Daily

The Ukraine crisis has shown no sign of stopping and generated more spillovers. The conflict could further escalate. The pressing priority is to cool down the situation and accumulate conditions for ceasefire.

China did not create the Ukraine crisis, nor is it a party to the crisis. It has been working vigorously to facilitate talks for peace all along. China’s objective and just position, and its constructive role have been widely recognized by the international community.

China’s position on the Ukraine crisis has been consistent, which is to promote peace talks. Since the full escalation of the Ukraine crisis, Chinese President Xi Jinping has had in-depth exchanges with world leaders including Russian and Ukrainian leaders. He has put forward four key principles, four things that the international community should do together and three observations, which have become China’s fundamental approach to the political settlement of the crisis.

China has released a paper stating its position on the political settlement of the Ukraine crisis, in which it proposed 12 important principles including respecting the sovereignty of all countries, abandoning the Cold War mentality, ceasing hostilities, and resuming peace talks.

China has delivered to Ukraine many shipments of humanitarian aids, and sent its special representative many times to mediate among the countries concerned. Instead of being an onlooker, China has always held an objective and just position, playing an important role for peace.

The world needs to make more objective, balanced, positive, and constructive voices on the Ukraine crisis, and find the most extensive common ground for restoring peace.

China and Brazil recently jointly issued the “Common Understandings Between China and Brazil on Political Settlement of the Ukraine Crisis.” The two sides had an in-depth exchange of views on pushing for the political settlement of the Ukraine crisis and calling for the deescalation of the situation, and reached six common understandings.

They called on relevant parties to observe three principles for deescalating the situation, namely no expansion of the battlefield, no escalation of fighting, and no provocation by any party. They believe that dialogue and negotiation are the only viable solution to the Ukraine crisis. All parties should push for the deescalation of the situation, increase humanitarian assistance, oppose the use of nuclear weapons, oppose attacks on nuclear power plants, and protect the stability of global industrial and supply chains.

As of 12 June, 103 countries from five continents have responded positively to the “six common understandings” in different ways, of which 55 countries have confirmed their accession or are seriously studying the way of accession. Russia and Ukraine also affirmed most of the contents of these six common understandings.

This once again illustrates that these six common understandings meet the common expectations of the majority of countries. China believes that the more countries that support these six common understandings, the closer the day of the political settlement of the crisis will be, and the brighter the prospects for peace will become.

Dialogue and negotiation is the only viable way out for the Ukraine crisis. As the largest geopolitical conflict in Europe since World War II, the prolonged Ukraine crisis not only exacerbates the suffering of the people in both countries but also poses unpredictable risks and challenges to the region and the world, which are not in the interest of any party involved.

History has proven time and again that at the end of the day, conflicts can only be resolved through negotiation. All parties concerned should intensify diplomatic efforts for a ceasefire and put an end to the fighting in a responsible manner. Both sides of the crisis should be encouraged to engage in dialogue. The earlier the talks start, the sooner peace will arrive.

China has been the most firmly and actively committed to promoting peace talks on the Ukraine issue and will not give up as long as there is a glimmer of hope.

China encourages and supports all initiatives and efforts in the world that are conducive to easing the situation and achieving peace. China supports the holding in due course of an international peace conference that is recognized by both Russia and Ukraine and ensures the equal participation of all parties and fair discussions on all peace plans. China’s position on the peace conference is fair and just, driven by a genuine desire to promote the political settlement of the Ukraine crisis.

The Ukraine crisis has complex historical and practical causes. To resolve the crisis, it is necessary to address both the symptoms and the root causes, and to plan for the present as well as for the long term.

Ukraine’s sovereignty and security should be upheld, and Russia’s legitimate security concerns should also be respected. Europe’s peace and stability should be defended. The same goes for other countries.

The security of a country should not be pursued at the expense of others. The security of a region should not be achieved by strengthening or expanding military blocs. The legitimate security interests and concerns of all countries must be taken seriously and addressed properly.

Only by abandoning the Cold War mentality, promoting equal dialogue and negotiation among all parties, and addressing their legitimate concerns properly, can a balanced, effective, and sustainable European security architecture be built, and long-lasting peace and stability in the region achieved.

China opposes certain countries using the Ukraine crisis to shift blame, smear third parties, incite a “new Cold War,” and force other countries to take sides. This approach not only fails to resolve the current crisis politically but also risks repeating the mistakes of camp-based confrontation.

No matter how complex the situation is, parties must not give up dialogue and negotiation. No matter how acute the conflict is, political settlement must be pursued. All relevant parties should prioritize peace and humanitarian crisis, direct their resources and endeavors towards diplomatic efforts aimed at stopping the fighting, and jointly promote a political solution to the Ukraine crisis at an early date.

China will keep upholding an objective and just position, build consensus for ending conflicts, and pave the way for peace talks, so as to contribute Chinese wisdom to the political settlement of the Ukraine crisis.

Amnesty International Goofed!

The statement credited to Amnesty International (AI) on the 10th of June, 2024, on the alleged treatment meted to Nigerian girls who had escaped from Boko Haram and the ones captured by the Nigerian Armed Forces to safety in order to reintegrated them to their communities is false, unethical, unprofessional, worrisome and cannot stand the test of time.

Infact, the aspersions cast by AI on these efforts by the Nigerian military with the recent report accusing the Nigerian military of illegally detaining the girls and young women who had escaped from Boko Haram captivity because the military believes they supported the Islamist insurgent group should be trashed as lies from the pit of hell orchestrated by AI to smear the hard-earned reputation of the Nigerian Armed Forces once more in their usual tradition.

The AI report as captioned ‘Help us build our lives’ stated that the Nigerian government has failed to uphold their human rights obligations to protect and adequately support these girls and young women. It accused the Nigerian military of detaining and abusing female survivors of Boko Haram in overcrowded and unsanitary conditions without access to medical care or legal representation.

The report also highlighted the abuses and violations of international humanitarian law and international human rights law committed by Boko Haram and the Nigeria authorities. It highlighted the unique experiences of girls and young women who were forced to marry, subjected to sexual violence and domestic servitude.

After critically examining the contents of the Report by AI and its antecedence over the decades against the Nigerian state and military, the Guild of Civil Societies and Media Executives for Equity, Justice and Transparency in Nigeria (GOCMEJ) is compelled to issue the following statement.

That since the present leadership took over the mantle of the Nigerian Armed Forces (NAF) headed by Chief of Defence Staff (CDS) Gen. Christopher Musa, the military image has blossomed on a positive trajectory, a narrative both local and internationally due to their stomping all over the country, the new sense of urgency, direction, patriotism, transparency, rules of engagement that was brought into the fight by the new leadership. The enormous improvement in military accoutrements such as equipment, gadgets, ICT infrastructure, fire power and the overall capabilities, the exotic names given to military operations/exercises all over the country, the string of successes recorded by various military formations and commands culminating in the recapture of the Boko Haram elements, bandits leaders and criminal elements has diminished their fighting ability and power all helped to turn around the image of the Nigeria military across the globe.

Since 2023, Nigerians and indeed the international community have given a pat on the back to the Nigeria’s military for their national sacrifice to keep the country in unity and peace in spite of the daunting challenges faced not only at the war front but in also reducing criminality across the length and breadth of the country.

However, one major factor that has held the Nigerian military force down in spite of their enormous efforts to defend her territorial integrity and safe guard the lives and property of Nigerians is the negative narrative of the amnesty international that have pervaded Africa since the last decade of which Nigeria is not an exception due to its negative framing and consistent bias reportage. Unfortunately, AI has failed to acknowledge in its report the on-going fair trial and conviction of culpable members of the dreaded Boko Haram sect and the release of those not found guilty. The number of persons released, re-oriented, de-radicalized and re-integrated with the larger community which is running into millions to date and they are accommodated in a place relatively safer with enough space while providing the detainees with social amenities and three square meals daily has also been left out of the report.

The AI report on the 10th of June, 2024, according to fact finding mission and pool conducted by Nigerians is a systematic campaign of calumny against the Nigerian military and a calculated narrative that have kept even the best of cynics astounded including the international community. “This could be corroborated by inherent lopsidedness in AI’s portrayal of Nigeria, its involvement in local politics and taking side with terrorists and other belligerent groups, to cause internal disorder, which no country can tolerate. The Guild therefore reiterates that the military in this new dispensation has maintained an open-door policy and has been cooperating with all stakeholders in ensuring that the Nigerian armed forces remain one of the best and a proud institution for all Nigerians”. For AI to be making spurious allegations, especially without been substantiated and cogent reasons given, apart from those adduced by the AI itself for the reason best known to it and its collaborators is disturbing and unethical of an international organization that is supposed to stay clear of local politics and to be seen as maintaining neutrality in its reportage of the countries it operates.

Emphasizing that “incessant negative report on Nigeria in general and the armed forces in particular by AI in condemnable by all well-meaning Nigerians who have seen and appreciate what the military and other security agencies have done to decimate Boko Haram terrorists and contain other criminal elements.

“As much as the military welcomes comments, criticism and observation that could help the institution to grow higher for the interest of our nation, the activities of the AI to say the least, is far from being noble, AI has negative mission in Nigeria”, the Guild asserted.

The military has operated within the strict guidance of the rules of engagement and the code of conduct for troops, according to the GOCMEJ, what needs to be clear is that we have observed a consistent attack pattern on the institutions charged with the mandate to protect the nation against every form of insecurity. The AI has consistently with other agents worked against our nationhood, tried fruitlessly to incite the populace against the military through various malicious publications in the past and “In spite of their distractions, Nigeria has forged ahead and decimated Boko Haram and the military has worked assiduously to improve on its civil-military relations, the result of which is manifest in the unparalleled support, accolades and encouragement received from Nigerians today”. It is appalling that “this position seems to have disappointed AI and their allies, adding that, it is sad that when our national security institutions are gaining traction, these agents after fabricating their reports, sits back and push Nigerians to make the reports known to the public to give it a national colour of some sort”. It is very despicable indeed.

Nigerians must rise up and stand against this subtle and increasing national framing and reportage, for we all have a role to play in this direction. “Our national Institutions must be strengthened, it is our responsibility to do so, no one can love Nigeria better than Nigerians, we only ask the media, to shine their eyes”.

Consequently, after our investigations, we found that the Defence Headquarters have made concerted efforts for years to reach out to AI but all to no avail. The deliberate falsehood peddled by AI could cast the nation and its security apparatus in bad light. The frequent accusations and counter accusation of the military by the human rights body, is becoming appalling and worrisome and Nigerians are beginning to think that AI has an axe to grind or has clandestine plots against the military class. Amnesty International does at mean well for Nigeria going by their previous antecedents and reputation of denigrating the armed forces anytime they make gain against the forces of evil to incite the Nigerian public and international community against the military.

The Guild is emphatic and reiterates for the upteempt time, that the Nigerian people looks at the AI as an organization established to embark on an orchestrated campaign of calumny against the Nigeria military and undermine the laudable achievements against insurgents which have formed the narratives over time, that have happened over the years. Nevertheless, looking at some of the critical allegations of AI on most of the nationalistic operations carried-out by the military, it seems that the AI are not interested in a united and indivisible nation like ours, but are out to denigrate the institution of the military and stop the funding by the western nations knowing full well that the same report from AI had stopped the funding during the Obama’s era.

Nigeria has suffered greatly over the decade based on AI reports on human rights violations and others including the initial refusal of America and its allies to sell critical military weapons to the country to fight the insurgency few years ago. As the AI has advertised itself more as aligning into the agenda of non-state actors, than the interest in protecting the dignity, rights and the rule of law, of law-abiding citizens in a country that has accorded them so much hospitality and respect.

Analysts, pundits and discerning Nigerians posit that protecting the human rights of Nigerians has been the signpost of the Nigerian military in all its operations. The brash and crude force applied by the military soldiers in internal assignments have been replaced with amiable, friendliness with host communities which has brought to the fore the Corporate Social Responsibility (CSR) of the military to its host communities in critical areas of needs and operations. The Nigerian military have followed international best practices and rules of engagement during war as the military is determined at sustaining its constitutional mandate of defending the territorial integrity of the nation, as well as, commitment to aid the civil authority to bring about peace and security of the country. Therefore, the 10th June, 2024, report of AI should be disparaged, condemned, discountenanced and dismissed by well-meaning Nigerians as’ lies from the pit of hell’ and a propaganda tool to frame reportage against our national institution.

We therefore call on the military hierarchy not to be distracted by the AI’s report but to remain steadfast and focused on its constitutional assigned mandate and the Guild therefore, overwhelmingly, Pass a Vote of Confidence on the leadership of the Nigerian Armed Forces (NAF),for it’s repositioning and rebranding efforts in making the Nigerian Armed Forces 21st century compliant.

The Guild further maintained that the several commentaries against the Nigerian military are unnecessary, distractive, unfair and doesn’t represent the true disclosure on re-orientation, de-radicalization and re-integration of Boko Haram inmates and estranged wives/captives. The amnesty report smacks of bias and is capable of undermining the results from the hard-fought war by the military against insurgents, demoralizing the Nigerian Armed Forces personnel in the performance of their constitutional mandate.


Signed.

Omoba Kenneth Aigbegbele

President,

Guild of Civil Societies and Media Executives for Equity, Justice and Transparency in Nigeria (GOCMEJ)

Ighodalo is capacity, competence personified – Abhulimhen

The candidate of the of the Peoples Democratic Party (PDP) in the soon to be conducted Edo State governorship election, Dr. Asue Ighodalo has been described as the only one who embodies the qualities of capacity, competence, character and experience amongst other candidates.

A chieftain of the party, Chief Ehizokhale Abhulimhen who spoke on the heels of a community mobilisation activity on Saturday in Illeh, Ekpoma in Esan West Local Government area of Edo State told everyone in the community that the PDP candidate is way out of the league of anyone on the ballot as far as the election is concerned.

Describing him as having a distinguished career in the corporate world, and has proven himself time and again as a leader with solid mental and moral qualities that set him apart from the crowd. “As the chairman of various boards of banks and multinationals such as the Dangote Group, Okomu Oil, Sterling Bank, including establishing and running one of Nigeria’s largest law firms, Dr. Ighodalo has demonstrated unparalleled competence and efficiency with strategic vision and sound judgment driving positive outcomes for decades. Under his leadership, organizations have thrived, achieving sustainable growth and profitability even in the face of challenges.”

According to him “As governorship candidate of the Peoples Democratic Party (PDP), Dr. Ighodalo brings an amazing wealth of experience and expertise to the table. His expertise as both an economist and a lawyer with a solid background in corporate governance has equipped him with a unique perspective on addressing complex economic challenges – a quality that is particularly crucial in the current economic turmoil facing Nigeria as a whole and Edo State in particular.

“With his wealth of knowledge and experience, Dr. Ighodalo is well-positioned to steer the state towards a path of sustainable development and prosperity. As a matter of fact, as a leader in the corporate world, Dr. Ighodalo’s track record speaks for itself. This he will replicate as governor.

“As edolites file out to elect their governor come September, 2024, two options are before them. They will choose between a man that Is ready to lead like Dr. Asue Ighodalo or settle for a mediocre with barely any education or exposure to his name, nor any pedigree and who brings nothing to the table and who has gone missing in action, hiding from the people he wants to lead. As a people, we have seen what it means to enthrone a half baked mediocre. The people of Edo State will surely choose competence and capacity to deliver. The last two Governors from Esan extraction were all Professors. The Esans have a knack for putting forth their very best. They can’t lower the bar and in following this age long tradition, they have put forth Dr. Asue Ighodalo, a distinguished Esan son.”

He insisted that the people of Edo State look towards the future, rest assured that Dr. Asue Ighodalo is the leader they need—a visionary, a strategist, and a beacon of integrity who will lead with wisdom, courage, and grace.

“With his unparalleled competence and unwavering moral compass, Dr. Ighodalo is poised to make a lasting impact on the state and its people, ushering in a new era of prosperity and progress for all, he added.