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China willing to work with Russia to strengthen strategic coordination: Premier Li

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China willing to work with Russia to strengthen strategic coordination: Premier Li

2024-10-17 20:14 Last Updated At:21:37

Chinese Premier Li Qiang on Wednesday said that China is willing to work with Russia to strengthen strategic coordination, expand mutually beneficial cooperation and make due contributions to the development and revitalization of the two countries and the prosperity and stability of the world.

Li made the remarks during his meeting with Russian Prime Minister Mikhail Mishustin on the sidelines of the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization (SCO) in Islamabad, Pakistan.

Under the strategic guidance of President Xi Jinping and President Vladimir Putin, the China-Russia comprehensive strategic partnership of coordination for a new era has maintained a high level of development, Li said. The two sides firmly support each other on issues concerning their respective core interests and enjoy fruitful strategic coordination, continued progress in practical cooperation, as well as vigorous people-to-people and sub-national exchanges, delivering tangible benefits to the people of both countries, he noted.

Standing at the historical juncture of the 75th anniversary of the establishment of bilateral diplomatic ties, China is ready to join hands with Russia to further implement the important consensus reached by the two heads of state, he said.

Li pointed out that China is willing to further deepen cooperation with Russia in traditional areas such as economy and trade, and energy, promote cooperation in emerging fields such as digital economy, and continuously enhance the level of industrial and supply chain coordination between the two countries, so as to achieve more practical results.

He called on the two countries to maintain close communication and coordination, encourage SCO member states to continue holding high the banner of the Shanghai Spirit, enhance strategic mutual trust, adhere to mutual benefit and win-win results, work harder in unity and forge ahead, and strengthen cooperation in various areas such as trade, energy, digital economy, and green industry, so as to make the organization more dynamic, cooperation more practical and outcomes more beneficial to all.

Noting that this year marks the 75th anniversary of the founding of the People's Republic of China and the 75th anniversary of bilateral diplomatic ties, Mishustin said the Russia-China comprehensive strategic partnership of coordination for a new era stands at an unprecedented high level.

Under the current international situation, he noted that Russia stands ready to work with China to implement the important consensus reached by the two heads of state, support each other in safeguarding each other's core interests, strengthen the synergy between the Belt and Road Initiative and the Eurasian Economic Union, deepen practical cooperation in such fields as economy and trade, energy, transportation, and agriculture, as well as jointly hold the Russia-China Years of Culture.

He added that the two sides should keep close communication and coordination within the United Nations, the SCO, BRICS, and other frameworks to promote the sustained and in-depth development of bilateral relations.

China willing to work with Russia to strengthen strategic coordination: Premier Li

China willing to work with Russia to strengthen strategic coordination: Premier Li

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China reports home appliance sales surge under trade-in program

2024-10-17 21:10 Last Updated At:21:37

China's ongoing trade-in program for home appliances has led to a surge in sales which topped 73.36 billion yuan (10.3 billion U.S. dollars) since August, the latest data from the Ministry of Commerce (MOC) showed Wednesday.

As of Wednesday, around 10.83 million consumers have benefited from the program for which the central government has provided more than 13.96 billion yuan in subsidies for consumers, the MOC said.

MOC data showed that green and smart home appliances are favored by consumers, with products labeled with top-level energy efficiency accounting for more than 90 percent of the sales volume during the period.

Regions such as Hubei Province, Chongqing and Shanghai municipalities, and the city of Shenzhen have expanded the categories of home appliances eligible for subsidies according to local conditions, incorporating green and intelligent products such as sweeping robots, dishwashers, air purifiers, and unmanned aerial vehicles, the ministry said.

In the next step, the ministry will continue to encourage various regions to speed up the implementation of subsidy policies and guide home appliance manufacturers as well as distribution companies to seize the consumption boom periods such as the Double Eleven online shopping festival to boost consumption under the trade-in program, it said.

The Double Eleven online shopping festival, also known as the Singles' Day shopping festival, is a Chinese version of Black Friday when discounts and sales promotions are usually offered for consumers in the month of November.

In a significant push to stimulate consumer spending, China has rolled out an expansive trade-in policy across multiple sectors since August.

China reports home appliance sales surge under trade-in program

China reports home appliance sales surge under trade-in program

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