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Hamas rejects temporary ceasefire, hostage swap deal

China

China

China

Hamas rejects temporary ceasefire, hostage swap deal

2024-11-02 13:54 Last Updated At:16:57

Hamas rejected the temporary ceasefire and hostage swap deal, saying that it does not mention Israel withdrawing from the Gaza Strip, according to the China Media Group (CMG) on Friday night.

Osama Hamdan, a Hamas politburo member, said the deal is impractical and not serious, and the related discussions are not logical.

The senior Hamas official noted the deal from the four-party talks has not met the original requirement, which is a complete ceasefire by Israel and a complete halt of aggression towards Palestinian people. The Israeli troops need to withdraw from the Gaza Strip, he said.

Hamdan emphasized if the talks have taken Hamas' demand seriously, Hamas is open to a subsequent proposal, otherwise it is a waste of time.

David Barnea, chief of Israel's Mossad intelligence agency, on Friday told the relatives of Israeli hostages that Hamas did not turn down Egypt's proposal and is expected to respond to it next week.

Representatives from Qatar, Egypt, the United States, and Israel gathered in Doha for peace talks this week.

Several rounds of talks in this regard have been held in Doha and Cairo over the past months but failed to produce any serious agreements to end the year-long conflict. Israel demands to maintain military presence in areas such as the Philadelphi Corridor in southern Gaza, while Hamas has repeatedly emphasized that Israel must cease military actions and fully withdraw from the Gaza Strip.

Hamas rejects temporary ceasefire, hostage swap deal

Hamas rejects temporary ceasefire, hostage swap deal

Hamas rejects temporary ceasefire, hostage swap deal

Hamas rejects temporary ceasefire, hostage swap deal

Hamas rejects temporary ceasefire, hostage swap deal

Hamas rejects temporary ceasefire, hostage swap deal

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China's Chongqing unleashes fresh financial stimulus to boost consumption

2024-11-02 16:21 Last Updated At:16:37

Chongqing, a major city in southwest China, has been leveraging financial tools to fuel consumption, with an initiative bringing together dozens of financial institutions to unveil new measures aimed at stimulating consumer spending.

On Wednesday, the Financial Support to Boost Consumption Action Conference was held in Chongqing's Nan'an District, in which 41 financial institutions jointly launched an action plan and released detailed measures to boost consumer confidence and their willingness to spend. 

The city's financial regulator said it will continue to guide financial institutions to ramp up support for consumer spending. It will allocate at least 1.6 billion yuan, or around 224 million U.S. dollars worth of resources designed for reducing costs and providing incentives for consumers in 2024, which is expected to drive individual consumption loans to surpass 2.5 trillion yuan (about 350 billion U.S. dollars) for the year.

"As of the end of the third quarter, the balance of loans for consumption use in Chongqing's banking sector had reached 628.54 billion yuan (about 88 billion U.S. dollars), up 21 percent year on year.  This resulted in direct savings of over 1.2 billion yuan for customers, contributing  a 3.8-percent increase to  the city's total retail sales of consumer goods, which is 0.5 percentage points higher than the national average," said Jian Weibo, deputy director of the No.2 Non-bank Services Section under Chongqing Municipal Financial Regulatory Bureau.

Local authorities say campaigns in the first three quarters in support of green renewals and upgrades in consumer goods have been extremely successful.

"In the next phase, we will optimize the allocation of financial resources, offer more diverse financial products, strengthen the support for consumption on both the supply and demand sides, and guide financial institutions to help boost consumption," said Jian.

China's Chongqing unleashes fresh financial stimulus to boost consumption

China's Chongqing unleashes fresh financial stimulus to boost consumption

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