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China pledges deeper cooperation with neighbors to foster stability

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      China

      China

      China pledges deeper cooperation with neighbors to foster stability

      2025-04-11 02:40 Last Updated At:10:25

      China has pledged deeper ties with its neighbors to foster common development and stability, following a central conference on work related to neighboring countries, which saw Chinese ambassadors from around the region gather in Beijing this week.

      The diplomats and experts attending the conference said the country is working to promote regional collaboration amid growing global uncertainties, strengthening its ties with its neighbors in a way that takes account of both the regional and the global context.

      "The trade volume between China and Malaysia reached 212 billion U.S. dollars [in 2024], marking an 11.4 percent year-on-year increase. A large number of infrastructure projects including highways, bridges, ports, terminals and hydropower stations are being implemented across Malaysia. China-Malaysia cooperation epitomizes the broader collaboration between China and ASEAN. We are confident that under the strategic guidance of both countries' leaders, bilateral relations will reach new heights," said Ouyang Yujing, Chinese Ambassador to Malaysia.

      "ASEAN and China are geographically close and culturally connected, making ASEAN our important partner for development cooperation. Our combined population exceeds 2 billion, representing a massive market with sustained rapid economic growth in recent years and promising prospects," said Hou Yanqi, Chinese Ambassador to ASEAN.

      Other Chinese diplomats said China was being guided by the principles of amity, security, prosperity and win-win cooperation, to promote a shared future with neighboring countries, using its own development to spur regional growth.

      This vision has led to concrete achievements, with a consensus on a shared future agreed with 17 neighboring states, Belt and Road cooperation agreements in effect with 25, and 18 regional nations now counting China as their largest trade partner. These deepening political and economic ties have cleared a path toward warm neighborly relations and mutual prosperity, according to other ambassadors.

      "China has established comprehensive strategic partnerships with all Central Asian countries and signed Belt and Road cooperation documents. We are jointly committed to building a community with a shared future," said Han Chunlin, China's Ambassador to Kazakhstan.

      "The China-Pakistan Economic Corridor, as a pioneering project of the Belt and Road Initiative, has attracted over 25 billion U.S. dollars in direct investment and created 230,000 jobs. It has not only elevated China-Pakistan cooperation but also contributed to Pakistan's economic and social development," said Jiang Zaidong, the Chinese Ambassador in Pakistan.

      As the global challenges brought by unilateralism and economic protectionism grow, China remains steadfast in advancing its vision of a shared future, strengthening partnerships with neighboring countries to anchor stability and renew hope, according to China's permanent representative to the United Nations, Fu Cong.

      "We must steadfastly uphold fairness and justice, adhere to true multilateralism, safeguard the interests of developing countries, maintain the authority of international law, and firmly oppose 'might makes right'," he said.

      "Our world has become highly interdependent. Attempts at 'decoupling' or forced division are not only impossible but also go against historical trends. We must promote shared development through global cooperation. This represents the true exemplar of major-country responsibility," said Wang Fan, president of China Foreign Affairs University.

      China pledges deeper cooperation with neighbors to foster stability

      China pledges deeper cooperation with neighbors to foster stability

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      Shanghai launches major shopping festival to boost consumer spending

      2025-05-02 04:18 Last Updated At:07:17

      The sixth edition of Shanghai's iconic "5·5 Shopping Festival" kicked off on Thursday, alongside the 2025 International Consumption Season, in a renewed push to boost domestic demand and revitalize consumer spending.

      Co-hosted by the Ministry of Commerce, China Media Group (CMG), and the Shanghai Municipal Government, the event promises a vibrant mix of promotional campaigns, themed events, and immersive retail experiences across the city's commercial districts.

      Centering on the theme "Quality Consumption, Demand Creation," the festival targets four key consumer sectors: services, big-ticket purchases, inbound spending, and emerging consumption trends. It also highlights new economic frontiers such as the debut economy, the silver economy, the nighttime economy, and the ticket-based economy—aimed at unlocking consumer potential and enhancing Shanghai's commercial vitality through new product launches, senior-friendly services, dynamic nightlife, and spending on cultural activities.

      The festival launch ceremony also included the Fourth International Consumption Center City Forum. In a video address, Marwan Ahmed Bin Ghalita, Acting Director General of Dubai Municipality, expressed hopes for deeper cooperation between Shanghai and Dubai as the two metropolises mark the 25th anniversary of their sister-city relationship. He emphasized their shared vision for urban development and prosperity.

      Another highlight of the festival was the debut of the "CMG Select: Shanghai Pavilion." Combining celebrity hosts, culture, art, and premium brands, the pavilion leverages CMG's influential media platform to energize consumer activity and support Shanghai's drive to become a world-class consumption center.

      The shopping festival will run through the end of June, with over 1,000 companies and thousands of brands set to launch more than 1,000 special events.

      The 2025 International Consumption Season is a flagship event under the "Shop in China" campaign. Jointly launched by the Ministry of Commerce and five other government departments, the initiative will mobilize regions across the country to spotlight premium international and domestic goods. It will feature product debuts, first launches, and consumer-friendly measures to help both domestic shoppers and inbound tourists access high-quality global merchandise and enjoy top-tier services.

      Shanghai launches major shopping festival to boost consumer spending

      Shanghai launches major shopping festival to boost consumer spending

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