529NEWS – Page 25 – Seattle Sports News Report

NEWS Oct 25,2024

Turkish Airlines captain dies suddenly after takeoff, flight makes emergency landing in New York_1

On October 9, CBS reported a tragic incident involving Turkish Airlines flight TK204, which was en route from Seattle to Istanbul on the evening of October 8. Shortly after takeoff, the 59-year-old captain, Ilcehin Pehlivan, suddenly collapsed. The first officer was forced to make an emergency landing in New York, where the captain was later pronounced dead.

Yahya Ustun, a spokesperson for Turkish Airlines, confirmed that Captain Pehlivan was piloting an Airbus A350, which took off from Seattle at 7:02 PM. However, shortly after departure, he lost consciousness.

The statement described the situation as an “emergency,” indicating that Captain Pehlivan lost awareness during the flight. Efforts were made by the crew to revive him, but unfortunately, their attempts were unsuccessful. The first officer ultimately made the crucial decision to divert the flight to New York, but tragically, Captain Pehlivan was declared dead before the aircraft arrived there.

Flight tracking website FlightAware noted that as the flight was flying over Northern Canada eight hours after takeoff, it abruptly changed course toward New York.

The Federal Aviation Administration (FAA) released a statement confirming that the flight safely landed at John F. Kennedy International Airport at 6 AM on October 9, following the captain’s medical emergency.

Ustun shared that Captain Pehlivan had been with Turkish Airlines since 2007 and had passed a medical examination in March of this year, with records showing no health issues that would impede his duties.

In closing, the airline expressed deep sorrow over the loss of Captain Pehlivan, extending heartfelt condolences to his family, colleagues, and friends.

by 529mai.com

NEWS Oct 25,2024

Turning winter leisure into winter busy, autumn and winter planting in Dong’an, Hunan Province broadens ways to increase income

On October 17, 2023, in Yongzhou, China, the agricultural sector is gearing up for the crucial autumn and winter planting season, a key component of the year-round farming cycle. Villagers in Dong’an County are actively engaged in preparations for next year’s grain and oil production.

In Youjiangqiao Village, located in Baiyashi Town, agricultural technicians are installing physical pest control measures. “After the rice harvest wraps up by late September to early October, we quickly rotate the land for planting rapeseed and vegetables, which helps villagers find jobs right in their own community,” explained Huang Huizhan, a technician from the Agricultural Comprehensive Service Center in Baiyashi Town.

To effectively advance agricultural production in the autumn and winter, Baiyashi Town has implemented a strategy that combines manual labor with agricultural machinery. With 39 villages tailoring their approaches, the community is steadily promoting intercropping practices such as “rice-rice-oil” and “rice-rice-vegetables,” optimizing land resource utilization.

Particularly noteworthy is the town’s focus on developing facility agriculture. This has enabled standardized planting, scaled operations, extended supply chains, socialized services, and branded marketing, all contributing to the high-quality development of greenhouse crops and enhancing agricultural productivity.

“By concentrating on high-efficiency greenhouse income, we have established exemplary agricultural demonstration sites for autumn and winter. We’re promoting a range of replicable and recommendable green, standardized techniques and social service models, which improve the comprehensive production capabilities of greenhouses. In our town, all 14 greenhouses have achieved a 100% utilization rate, contributing at least 20,000 yuan to the village collective from each greenhouse,” said Zhou Shanguang, the deputy mayor in charge of agriculture in Baiyashi Town.

In Yongxing Village of Jingtouwei Town, over 100 acres of vibrant vegetables are being cultivated. “This year, we encouraged large-scale growers to lease land as early as August. Villagers receive 400 yuan per acre in leasing fees and can also work in the vegetable base,” shared Zhou Lingling, head of Yongxing Village.

In recent years, Dong’an County has adopted models such as “rice-rice-oil,” “rice-rice-vegetables,” and “rice plus N,” integrating autumn and winter agriculture into strategies aimed at boosting agricultural growth and increasing farmer income. Following the rice harvest, land is quickly rotated for planting rapeseed, vegetables, green manure, and various winter crops, transforming the winter downtime into productive engagement.

Currently, over 400 village and township officials, along with agricultural specialists, are deployed across Dong’an’s 15 townships. They’re actively assisting villagers on the front lines of autumn and winter planting, addressing specific challenges to ensure a successful season ahead.

by 529mai.com

NEWS Oct 25,2024

The opening ceremony of the cultural tourism short drama -My Champion Guidance- was held in Xiangyang

On October 16, the filming ceremony for the short drama “My Champion Guide,” a collaboration between People’s Reading Information Technology (Beijing) Co., Ltd. and Douyu platform, took place in Xiangyang, Hubei Province.

“My Champion Guide” is an inspiring youth-themed piece that focuses on the growth and development of Chinese teenagers. The narrative weaves together elements of youth, eSports, science fiction, history, and cultural tourism. It dramatizes the exchanges between contemporary young eSports players and historical figures like Wang Zhaojun, Zhuge Liang, and Li Bai, depicting an inspirational journey where today’s youth seek wisdom from the past. The story aims to promote the unique values of loyalty and integrity inherent in Chinese culture while showcasing the spirit and cultural heritage of China.

Qi Cheng, a professional eSports player from the Shenzhen DYG team portraying the character A Cheng, expressed, “It’s an honor to play A Cheng as a professional eSports player. Through this character’s growth, I aim to represent the spirit of teamwork and trust that exists within our eSports community.”

In recent years, the short drama format has surged in popularity, emerging as a vibrant and promising new genre in online arts and culture. “My Champion Guide” plans to leverage innovative formats, content, and distribution methods in the “short drama+” model to further promote media integration, contributing to the high-quality development of short dramas.

Actor Yu Mofan, who has a special role in the series, shared, “While preparing for my role, I did extensive research and learned about Xiangyang’s rich historical and cultural background. I hope that through this short drama, we can attract more people to Xiangyang to experience its culture.”

Actress Ning Tong, who plays the character Tang Xiaoxiao, remarked, “I believe this cultural tourism short drama will be an excellent way for both me and the audience to broaden our horizons. I hope viewers will come to know and fall in love with Xiangyang through this work.”

Additionally, “My Champion Guide” will be filmed entirely in Xiangyang, showcasing the city’s unique attractions such as the ancient city, Tang City, and the Xiangyang Science and Technology Museum. Through the innovative “cultural tourism + short drama” model, the series aims to empower the cultural tourism sector with quality content, bolster cultural confidence, and infuse greater momentum and vitality into the construction of a culturally strong nation.

by 529mai.com

NEWS Oct 25,2024

Step up efforts to improve the effectiveness of the -two new- policies (Financial View)

In an interview format, I would like to ask you about the current fiscal policies in China aimed at supporting the “two new” initiatives. Can you elaborate on the key strategies being implemented this year?

This year, China has taken significant steps to enhance macroeconomic policies, particularly those aimed at counter-cyclical adjustments. The government has utilized a variety of tools, including government bonds and interest subsidies, to facilitate large-scale equipment upgrades and the replacement of consumer goods. This approach exemplifies the government’s commitment to a robust fiscal policy that aims to expand domestic demand and promote high-quality development.

Can you explain how the support for the “two new” initiatives demonstrates innovation and collaboration within these fiscal policies?

The fiscal support for the “two new” initiatives stands out due to its innovative nature and strong collaborative efforts. The effectiveness of financial investment policies has been notable, energizing both enterprise and consumer investments. As these policies are put into practice, we are beginning to see positive outcomes across various sectors.

What are the specific mechanisms through which these policies stimulate both supply and demand?

The policies primarily target both supply-side enhancements and consumer incentives. For instance, the central government has allocated around 300 billion yuan for long-term special bonds to bolster key areas like equipment upgrades. Additionally, it has expanded the “trade-in” program to include consumer goods such as vehicles, appliances, and home renovations. As companies upgrade their offerings, they attract consumers eager to replace older products, which not only boosts consumer spending but also encourages further investment from businesses, creating a mutually reinforcing cycle of consumption and investment that propels economic growth.

Looking at the broader goals of these policies, what structural changes do they aim to achieve?

Beyond stimulating overall demand, the “two new” policies also focus on optimizing industrial structure. They are crucial for accelerating the green transformation of the economy and society. These initiatives also align with low-carbon and sustainable development objectives, such as increasing subsidies for the elimination of old, high-polluting agricultural machinery and supporting upgrades in energy facilities. Following these policies, the retail sales of new energy vehicles reached 1.027 million units in August, representing a 17% month-on-month increase. This shift indicates a significant transition in consumer habits, with expectations set for retiring 2 million low-emission standard vehicles by the year’s end.

Could you delve into the execution aspect of these policies and how various government entities are collaborating?

Execution of these policies involves a strong emphasis on coordination and cooperation among different departments. The People’s Bank of China has established a 500 billion yuan quota for re-loans to support technological innovation and upgrades, and financial institutions are being encouraged to expand support for replacing old cars and appliances. The central government has also allocated 20 billion yuan for interest subsidies on equipment upgrades. With comprehensive guidelines now in place across several sectors, local financial departments are increasing their contributions to areas with high public demand. This collective effort—from central to local levels—ensures a unified approach to implementing the “two new” initiatives effectively.

With such significant financial investment in these initiatives, what measures are in place to ensure appropriate allocation and management of funds?

Given the large scale and diverse applications of the “two new” funding, local governments must allocate funds promptly in accordance with project timelines. They are expected to strengthen collaboration with the central government to ensure the local financial burdens are adequately addressed. It’s also crucial to streamline service processes to facilitate the effective implementation of these policies. Stringent oversight over the use of these funds is essential, adhering to negative lists to prevent misuse or misallocation, ensuring the funding aligns precisely with policy intentions.

As of now, how is the disbursement of the 300 billion yuan long-term special bonds progressing across localities?

The disbursement of the 300 billion yuan for the “two new” initiatives is underway, with local governments accelerating their fund utilization. As the benefits of these policies continue to be realized, we anticipate a positive and sustained recovery in the economy.

by 529mai.com

NEWS Oct 25,2024

“Demand has changed, and supply must also seek innovation and change.”

Diverse offerings, rich experiences, and fresh encounters —
“Demand has changed, and supply must innovate and adapt,” says Zhao Yan, Chairman of Huaxi Group, reflecting on the evolving landscape of consumer trends.

Physical retail remains a vital conduit for product distribution and a favored destination for leisure. As consumer demands shift and retail technology progresses, many brick-and-mortar businesses are adjusting to these new trends, enhancing their goods, services, and overall concept to attract foot traffic.

“You can shop and relax here,” explains Wang Wei, a consumer visiting Huaxi LIVE in Wukesong, Haidian District, Beijing. The commercial area resonates with a vibrant, tech-savvy atmosphere, highlighted by the “Boundless in Space” immersive exhibition in the South Central Plaza. This event features simulations of planets such as Mars and Saturn, along with carefully arranged meteorite models and realistic rocket engine displays. “Here, kids can get a tangible sense of the mysteries of the universe and engage with space technology in a fun way,” Wang adds.

From immersive exhibitions and all-in-one leisure spots to first-store launches, Huaxi LIVE in Wukesong offers a plethora of fresh experiences and innovative business models for consumers. Zhao emphasizes, “The demand for physical retail hasn’t decreased; it has diversified and become more personalized. People now seek comfortable spaces to relax, socialize, and dine, integrating shopping into their daily leisure activities.”

“With changing demands, supply must also continuously innovate,” Zhao points out. After extensive market research, Huaxi LIVE in Wukesong has merged cultural, sporting, entertainment, artistic, and educational sectors around the Wukesong Sports Center. This approach includes events that leverage adjacent facilities like basketball parks and ice centers, fostering a unique multi-faceted commercial model that offers consumers rich, diverse, and immersive experiences.

Located next to the Wukesong Sports Center, Huaxi LIVE attracts significant foot traffic, benefiting from the sports venue’s audience. “Our goal is clear: we want everyone visiting to stay for at least five hours,” Zhao states.

Today’s Huaxi LIVE in Wukesong integrates food, culture, sports, and entertainment, creating a compelling draw for consumers and transforming the sports venue’s foot traffic into commercial opportunities. To capitalize on the buying power of consumers, especially the younger demographic, the commercial area continuously innovates its dining options, introducing trendy eateries and chain brands that deliver unique culinary experiences.

Liu Yi, a local resident, shares her sentiments: “I used to come here just to shop when needed, but now I enjoy strolling here after work. It’s a place for both shopping and leisure.”

“I can’t believe I’m seeing so many new product launches!” exclaims Cai Min, an outdoor enthusiast. At Huaxi LIVE in Wukesong, shoppers can conveniently find athletic gear, as the location recently hosted a global premiere event featuring a myriad of trendy new items.

Meeting new demands with fresh offerings is a common understanding in today’s consumer market. For physical retail, embracing first-store openings and actively attracting well-known brands is key to drawing customers while introducing new products, technologies, and services.

During dinner hours, the restaurants at Huaxi LIVE see a surge in customers, with many featuring popular Beijing first-store dining options. “I saw on the internet that a new store had opened here, so I just had to try it,” says Chen Lingling, enjoying a meal at a new restaurant that recently opened its first Beijing location.

Since the beginning of the year, Huaxi LIVE in Wukesong has welcomed over 20 unique new stores, with Zhao anticipating the addition of eight more by year-end. The focus on “new” is complemented by “special,” as the area curates distinctive shops. Nearly 200 trendy brands have come together, showcasing many unique offerings.

Stepping into the Ikea Experience Center in Huaxi LIVE, customers encounter various lifestyle zones designed for comfort, allowing hands-on experiences in different living scenarios. Shoppers can try out sofas and dining chairs or even have their children test desk heights, providing direct insights for their purchases.

Notable domestic and international sports brands have also opened experiential stores here, prioritizing customer interactions and offering unique, customizable services.

By evolving and fostering positive interactions between business offerings and customer traffic, Huaxi LIVE in Wukesong boasts a 100% occupancy rate and has been recognized by the Ministry of Culture and Tourism as a national-level tourism and leisure zone.

“The tech experience is exhilarating!” exclaims Sun Yiming, a technology enthusiast. At the Huawei store, consumers can engage with smart home products, controlling lights and window shades with simple commands. Customers can explore the vast array of digital products on the ground floor and even test-drive smart cars parked in the display area.

“Smartwatches are great for sports enthusiasts like me, measuring heart rates and stress levels,” adds Hu Ming, another customer experiencing the product range.

Zhao believes that technology will be a key focus for future commercial development. By leveraging VR and AR technologies, businesses can create an online-offline synergy that expands interaction opportunities.

The development of the “Star Heat Chronicle” app by Huaxi Group combines diverse spatial scenes with immersive virtual environments, merging commercial, cultural, and entertainment elements to provide users a taste of the metaverse.

Using cultural performances as a springboard, Huaxi is transforming traditional live experiences into virtual events through cloud platforms, creating synchronized online and offline showcases.

“Transitioning from reality to virtuality is a thrilling technological journey,” adds Sun Yiming.

Zhao notes that as the consumer market continues to evolve, so do consumer demands. Physical retail must remain vigilant to new trends, combining unique offerings with innovation to capture the interest of consumers and enhance their quality of life.

by 529mai.com

NEWS Oct 25,2024

Joint Statement between the People’s Republic of China and the Socialist Republic of Vietnam (full text)

On October 14, 2024, Xinhua News Agency reports from Hanoi, a joint statement between the People’s Republic of China and the Socialist Republic of Vietnam was released following the official visit of Chinese Premier Li Qiang to Vietnam from October 12 to 14, 2024, at the invitation of Vietnamese Prime Minister Pham Minh Chinh.

During his visit, Premier Li met with General Secretary of the Communist Party of Vietnam and State President Nguyen Phu Trong, held discussions with Prime Minister Pham Minh Chinh, and met with National Assembly Chairwoman Vuong Dinh Hue. In a friendly and candid atmosphere, both sides exchanged in-depth views on advancing the comprehensive strategic partnership between China and Vietnam, promoting the construction of a significant Sino-Vietnamese community, and addressing international and regional issues of mutual concern, ultimately reaching broad consensus.

Both parties reflected on the historical development of the China-Vietnam relationship, agreeing that the two countries and their peoples have maintained a supportive partnership throughout their struggles for national independence and liberation, exemplifying the traditional friendship described as “deep ties between Vietnam and China, comrades and brothers.” During the period of reform and opening up, both sides emphasized the importance of adhering to their unique socialist paths, enhancing experience sharing, and fostering mutually beneficial cooperation, yielding tangible benefits for both nations’ populations.

The two sides underscored the necessity of inheriting and promoting their traditional friendship, remaining mindful of their original intentions and shared missions. They reaffirmed their commitment to uphold the leadership of their respective Communist Parties, pursue socialism suited to their national circumstances, and strategically understand the evolution of Sino-Vietnamese relations to further deepen and enhance their comprehensive strategic partnership, collectively building a significant Sino-Vietnamese community and elevating bilateral ties to new heights.

Vietnam congratulated China on the 75th anniversary of the establishment of the People’s Republic of China and praised the successful convening of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, which has advanced over 300 key reform initiatives aimed at modernizing the nation. Vietnam expressed confidence that under the strong leadership of the Central Committee led by Xi Jinping, the Chinese government and people would successfully realize the goal of building a modern socialist country and achieve the second centenary goal.

China commended Vietnam for the achievements realized over nearly 40 years of reform and in implementing the “Program for Transition to National Construction in the Socialism Orientation” over the past 15 years. Additionally, China celebrated Vietnam’s successful 13th National Congress and expressed hope that under the correct leadership of the Communist Party of Vietnam, goals set forth during the Congress will be achieved, including the smooth organization of the upcoming 14th National Congress and realizing the vision of transforming Vietnam into a high-income developed socialist-oriented nation by 2045.

China reiterated its view of Vietnam as a priority in its foreign diplomatic strategy, while Vietnam emphasized its relationship with China as a top priority in its independent and diversified foreign policy. Both parties agreed that their respective national developments offer opportunities for each other and act as positive factors for regional and global growth.

The two sides agreed to comprehensively implement the important consensus reached by their highest leaders and the joint statement made, adhering to the principles of “long-term stability, future-oriented cooperation, neighborly friendship, and comprehensive partnership,” and the spirit of being “good neighbors, good friends, good comrades, and good partners.” They outlined six strategic goals, focusing on enhancing political mutual trust, practical security cooperation, deeper pragmatic cooperation, solidifying public opinion foundations, improved multilateral coordination, and better management of differences to achieve more practical results in constructing the strategic Sino-Vietnamese community and positively contribute to regional and global peace and development.

Moreover, both parties committed to maintaining high-level strategic communication, especially between their highest leaders, to jointly guide the development of Sino-Vietnamese relations. The governments will strengthen departmental and local implementation of high-level consensus, advancing cooperation across various sectors. The discussions emphasized leveraging party-to-party channels for enhanced communication, strengthening training cooperation, and sharing theories and experiences in governance and modernization processes. They also agreed to implement agreements signed between China’s National People’s Congress and the Vietnamese National Assembly to facilitate upcoming discussions and cooperation in various projects for community benefit.

The Vietnamese side reaffirmed its commitment to the One China policy, recognizing that there is only one China and Taiwan is an inseparable part of its territory. Vietnam supports peaceful development of cross-strait relations and opposes any forms of “Taiwan independence” activities. Vietnam considers issues related to Hong Kong, Xinjiang, and Tibet as internal matters of China and believes in stability and prosperity under the guidance of the Chinese government.

The two nations acknowledged that defense and security cooperation is a key pillar in their relationship and agreed to strengthen collaboration in these areas. This includes enhancing military exchanges at various levels and fostering cooperation in border defense dialogues, political exchanges, UN peacekeeping, and joint patrols in the Gulf of Tonkin.

The parties recognized the significance of aligning their development strategies, accelerating the construction of infrastructure projects under the “Belt and Road” initiative, and enhancing connectivity across various sectors. They expressed commitment to fostering a collaborative environment for investment, especially in high-tech agriculture, infrastructure, and clean energy sectors, aiming to create a fair and convenient business landscape for mutual enterprises.

Both sides reiterated their commitment to promoting agricultural cooperation, sharing meteorological data for disaster prevention, and strengthening scientific cooperation in various fields. They stated the necessity of enhancing friendly exchanges and cultural cooperation, especially among youth, and agreed to jointly celebrate the 75th anniversary of their diplomatic relations and promote tourism and educational exchanges.

Finally, both sides emphasized the importance of multilateral cooperation, aligning with the principles of mutual respect, non-interference, and peaceful dispute resolution, particularly concerning maritime issues in the South China Sea. They agreed on the need for effective communication and mechanisms to manage differences and pursue peaceful solutions based on international law.

The comprehensive outcomes of Premier Li’s visit were deemed satisfactory and instrumental in building the Sino-Vietnamese community, with both leaders expressing appreciation for the warm hospitality received during the visit and extending invitations for future exchanges.

by 529mai.com

NEWS Oct 25,2024

Zambian expert- China-Africa agricultural technical cooperation helps Africa increase food production capacity

As World Food Day approaches, Oswin Chibinga, the foreign representative director of the Zambia Agricultural Technology Demonstration Center, spoke with a reporter from the China Media Group on the 15th and emphasized the ongoing benefits African countries are gaining from agricultural cooperation with China.

Chibinga highlighted that countries in Africa, including Zambia, are facing significant challenges to food security due to climate change and underdeveloped agricultural technologies. He stressed the urgent need for advanced agricultural techniques to enhance food production capacity across the continent.

“Climate change issues like drought have a considerable impact on food production in African countries,” Chibinga noted. “If we can reach our potential production levels, African nations could become food exporters rather than importers. Our low food production is tied to inadequate agricultural technology.”

He further pointed out that China has established agricultural technology demonstration centers in many African countries, providing crucial support in transferring advanced agricultural techniques to help improve food production and ensure food security.

“I believe China is a great partner for us in agriculture,” Chibinga said. “China has built agricultural technology demonstration centers in several African countries, including Zambia. We have seen substantial assistance from China in technology transfer; it has equipped us with advanced agricultural practices, filling gaps in our technology. As I mentioned, many African nations are benefitting from their agricultural collaboration with China.”

by 529mai.com

NEWS Oct 25,2024

The sunset and the sea of clouds in Southern California. The limited-time spectacle at Rancho Palos Fords City Park is amazing.

When it comes to sea of clouds, most people typically associate this breathtaking phenomenon with high mountainous regions. Think of the famous cloud seas at Taishan and Huangshan in mainland China, or the stunning views from Yanzui Mountain and Jinlong Mountain in Taiwan. However, there’s a lesser-known spot in Southern California where you can witness a captivating sea of clouds accompanied by a blazing sunset.

Recently, many Chinese visitors have been flocking to Rancho Palos Verdes in Southern California, eager to experience this natural spectacle. One of the most popular viewing spots is Fred Hesse Jr. Community Park, nestled near the coast. Although the park isn’t large, its scenic layout, complete with shaded trees, offers several vantage points. Among them, a particular green area faces the ocean and the sunset, providing an excellent view for enjoying the cloud sea.

On the afternoon of October 11, around 6 PM, a reporter arrived at Fred Hesse Jr. Community Park, and the experience did not disappoint. After a brief three or four-minute walk from the parking lot, the expansive green field overlooking the ocean came into view, revealing a vast sea of clouds in the distance. At approximately 6 PM, the sun hung low over the ocean, resembling a burning egg yolk. The clouds around the sunset were illuminated in vibrant shades of orange and red, while the thick sea of clouds obscured the ocean below, creating an ethereal atmosphere akin to another ocean.

To the left of the sunset, Catalina Island was clearly visible against the deep blue sky, presenting a sharp silhouette that resembled a beautiful woman’s brow—a scene reminiscent of the poetic line, “Her brows like distant mountains shaded in indigo.” Above the distant mountains, the deep blue sky bore a few wispy clouds and the white trails of planes soaring by, resembling ribbons in the air, adding beauty without overshadowing the magnificence of the cloud sea. As the clock neared 7 PM, the sun finally dipped below the horizon, while the colors in the sky intensified into deep reds and purples, as the clouds seemed to exert their last bit of energy in a dazzling display.

That day, the park welcomed a considerable number of visitors, many of whom were from the Chinese community. Fred Hesse Jr. Community Park isn’t the easiest destination for those in the Chinese neighborhoods, requiring at least a 1.5-hour drive during Friday’s rush hour.

What accounts for this unique sea of clouds over the ocean? According to online sources, the phenomenon occurs when moisture from the sea evaporates and then condenses into tiny water droplets in cooler temperatures, forming clouds. This stunning spectacle doesn’t happen every day—certain weather conditions must align, particularly a significant temperature difference between day and night along with high humidity levels. The warm daytime temperatures lead to considerable evaporation, followed by cooler afternoon temperatures that allow the water vapor to condense into clouds. This natural occurrence is most prevalent during the transitional weather of late summer and early autumn in Southern California.

by 529mai.com

NEWS Oct 24,2024

Overseas Chinese in New South Wales, Australia and the Guangdong Overseas Friendship Association held a party

On the evening of October 14, a warm welcome from the Chinese community in New South Wales greeted the visiting delegation from the Guangdong Overseas Friendship Association. The gathering, filled with camaraderie and warmth, showcased the strong ties between these communities.

The event, organized spontaneously by multiple parties, attracted over 60 prominent Chinese leaders from Australia. Among those present were Wu Changmao, President of the Australian Chinese Association; Wang Guozhong, President of the Australian Guangdong Chamber of Commerce; Su Xinfeng, Chairman of the Australia-China Business Council; Peng Xiaoshi, President of the Australian Hong Kong Association; Zeng Zhaoxin, Chairman of the Australian Shenzhen Community Association; and Yang Zhiwei, President of the Australian International Cultural Industry Association.

Wu Changmao opened the event with a heartfelt welcome, representing 175 Chinese communities and more than 100,000 members. He expressed his enthusiasm for the visit from the Guangdong delegation, emphasizing the vital role that Australian Chinese organizations play as a bridge between China and Australia in fostering goodwill and cooperation. Wu expressed hopes that this visit would create new opportunities for collaboration and strengthen the mutual understanding and friendship between the two countries.

Wang Guozhong praised the contributions of Guangdong immigrants to Australia over the past 200 years. He highlighted that early Guangdong immigrants laid a solid foundation for current and future generations, who are now continuing this legacy and maintaining close ties with their homeland while excelling in Australian society.

Su Xinfeng underscored the significant contributions of Guangdong-born Australians to society and their crucial role in enhancing economic and trade cooperation between the two nations. He pointed out that the Guangdong community serves as a vital link in promoting exchanges across various fields and fostering understanding and friendship between the people of both countries.

Peng Xiaoshi and Zeng Zhaoxin noted that over 60 million overseas Chinese live around the world, with half of them hailing from Guangdong. They reflected on how over 200 years ago, Guangdong immigrants arrived in Australia with a pioneering spirit of unity and friendship, laying the groundwork for the prosperity of today’s Chinese communities. They affirmed that Guangdong nationals continue to be central to cultural and economic exchanges between China and Australia.

Members of the Guangdong delegation expressed their appreciation for the contributions of Australian Chinese in promoting friendly relations and indicated that their visit aims to further stimulate economic cooperation and expand exchanges in several fields, thereby fostering friendships between the two peoples.

The event also featured a captivating performance by Luo Faxiang, President of the Shunde Association in Australia, who showcased Wing Chun martial arts. This display not only highlighted the charm of traditional Chinese martial arts but also resonated with attendees, earning enthusiastic applause.

Yang Zhiwei, in an interview, remarked that this gathering provided the Guangdong delegation with a valuable opportunity to understand the lives of Australian Chinese and served as a precious platform for local members to interact with their counterparts in the homeland.

by 529mai.com

NEWS Oct 24,2024

Ministry of Finance- Study and clarify tax policies that are linked to the cancellation of standards for ordinary residences and non-ordinary residences

At a press conference held by the State Council Information Office on October 17, Assistant Minister of Finance Song Qichao addressed measures aimed at promoting the stable and healthy development of the real estate market. He revealed that the Ministry of Finance is actively working on clarifying tax policies related to ordinary and non-ordinary residential properties, focusing primarily on value-added tax (VAT) and land value-added tax.

Song explained that under the current policies, outside of the four first-tier cities—Beijing, Shanghai, Guangzhou, and Shenzhen—individuals selling residential properties that they have owned for more than two years are exempt from VAT, regardless of whether the homes are classified as ordinary or non-ordinary. In contrast, in these first-tier cities, individuals are exempt from VAT on the sale of ordinary residential properties held for over two years, while VAT is applied to the sale of non-ordinary properties under the same conditions. Regarding land value-added tax, ordinary standard residential properties that experience a value increase of less than 20% at the time of sale are also exempt.

The Ministry of Finance is currently in the process of making further adjustments to these tax policies. Song outlined three key considerations driving these adjustments:

First, it’s essential to synchronize the pace of real estate regulation in targeted cities with local financial revenue situations to ensure that arrangements are both scientific and reasonable.

Second, the policy framework aims to allow local governments some degree of autonomy, helping to maintain stability and fairness within the policies.

Third, the goal is to significantly reduce the financial burden on real estate companies and homebuyers, thereby facilitating a stabilization and rebound in the real estate market.

Song confirmed that the Ministry is diligently working through the necessary procedures for these specific policies and that they will be promptly announced to the public once approved.

by 529mai.com

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