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Lebanon needs president who can address security, economic challenges: parliament member

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      China

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      Lebanon needs president who can address security, economic challenges: parliament member

      2025-01-07 16:06 Last Updated At:18:57

      A new president of Lebanon should be elected as soon as possible to lead the country in addressing the security and economic challenges, said a member of the Lebanese Parliament.

      Political division in Lebanon resulted in a vacant presidential position following the end of former President Michel Aoun's term on Oct. 31, 2022. The parliament has failed to elect a president for the country in 12 electoral sessions. A caretaker government has been running the country amid the presidential vacuum.

      Lebanese Parliament Speaker Nabih Berri has announced that he will convene a new session for the presidential election on January 9.

      "We must seize the opportunity on January 9 to go to Parliament with determination to elect a president," said Lebanese Parliament member Nabil Bader in an interview with China Central Television (CCTV) that aired on Tuesday.

      Lebanon was already facing a serious economic crisis before the current round of conflict between Hezbollah and Israel, suffering from banking collapse, energy shortage, and severe livelihood problems. The escalation since late September of 2024 has further aggravated Lebanon's plight.

      Bader believes that addressing the huge macroeconomic challenges will be an important task for the new government.

      "Everyone knows that Lebanon's economy has completely collapsed. Therefore, the first step is to restore the credibility of the Lebanese banking system. Secondly, I hope that the future government will propose new laws to support investment and encourage investors to return to Lebanon, especially in the power sector and business investment area," he said.

      Speaking of the current security situation, Bader said that Israel is still violating the ceasefire agreement with Lebanon and the Lebanese people are still worried about their safety. If the new president fails to properly resolve the issues in the ceasefire agreement, he said, Lebanon may fall into crisis again.

      "International and regional forces need to get Israel to respect the ceasefire deal and withdraw from Lebanon, and demand that Hezbollah hand over its weapons south of the Litani River. Lebanon should also discuss weapons north of the Litani River internally. These issues should be on the agenda of any future government or president, otherwise we will repeat the mistakes of the past. But Lebanese, including those living in the south, cannot afford another crisis," Bader said.

      Lebanon needs president who can address security, economic challenges: parliament member

      Lebanon needs president who can address security, economic challenges: parliament member

      Lebanon needs president who can address security, economic challenges: parliament member

      Lebanon needs president who can address security, economic challenges: parliament member

      Lebanon needs president who can address security, economic challenges: parliament member

      Lebanon needs president who can address security, economic challenges: parliament member

      Next Article

      China's digital industry revenue up 9.4 pct in Q1

      2025-05-17 00:18 Last Updated At:02:17

      China's digital industry generated 8.5 trillion yuan (about 1.18 trillion U.S. dollars) in revenue in the first quarter, representing a 9.4 percent year-on-year increase.

      According to data released Friday by the Ministry of Industry and Information Technology, the growth rate is 4.4 percentage points higher than that recorded in the same period last year.

      Breaking it down, revenue in the digital manufacturing sector grew by 10.4 percent, while the digital services sector saw an 8.2 percent rise.

      The number of 5G base stations in China surpassed 4.39 million by the end of March, with user penetration reaching 75.9 percent, the ministry reported in April.

      The digital economy's core sectors have maintained stable growth, with the software industry alone generating 3.1 trillion yuan in revenue, up 10.6 percent year-on-year. China has been committed to developing digital technology to transform and upgrade its traditional industries.

      According to this year's government work report, the country will "accelerate the digitalization of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises."

      China is also advancing an "AI Plus" initiative, which seeks to effectively integrate digital technologies with the country's manufacturing capabilities and market strengths.

      China's digital industry revenue up 9.4 pct in Q1

      China's digital industry revenue up 9.4 pct in Q1

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