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This is the Beijing Hour Examining the events that impact and shake China and the rest of the world This is the Beijing Hour One hour of news and information brought to you every weekday Now here's your host Qian Lu with you on this Friday, November 22nd, 2024 You're listening to the Beijing Hour coming to you live from the Chinese capital On today's programme, China announces measures to further boost the growths of its foreign trade.
Russia and Ukraine accuse each other of escalation in their conflict after Kyiv fired Western weapons into Russia.
Negotiators try to reach an agreement on new climate funding as COP 29 draws to a close.
In business, the World Internet Conference has wrapped up its summit in eastern China.
And today we'll bring you the first episode of a nine -part special report that delves into China's journey toward sustainable development.
Now checking today's top stories.
The Chinese Commerce Ministry has announced policy measures to boost the growth and stability of foreign trade.
The measures include expanding China's exports of commodities like agricultural products, – increasing financing for foreign companies and support for small trading firms and developing cross -border e -commerce.
The ministry says financial institutions will be encouraged to provide more products to manage currency risk and keep the yuan stable.
Li Shun has more from Beijing.
China is rolling out targeted measures to boost foreign trade and to assist enterprises in navigating global markets.
According to the General Administration of Customs, China's foreign trade imports and exports grew by 5 .2 % year on year in the first 10 months of 2024.
The Vice Minister of Commerce says that China's economy shows great resilience and is withstanding external challenges and impacts.
Now there are three major aspects to these measures.
first is expert credit insurance and financing support, especially for small giants, small and medium sized companies that are leading forces in niche markets and also for invisible champions which refers to companies that may not be well known to the general public, but usually often supply key parts and solutions that bigger companies rely on.
Now these companies tend to be innovative and crucial in driving growth and competitiveness in their fields, the goal is to help them reach new markets and strengthen industry chains.
Now, to address exchange rate challenges, the People's Bank of China says cross -border trade settlement will be optimized.
Business will gain access to advanced risk management tools and a stable R &B trade exchange rate environment.
Now, secondly, it's to cultivate a new driver in growth, for instance, cross -border e -commerce.
The Ministry of Commerce says that it remains a major and key element in China's foreign trade.
The Ministry reiterated its full support to the development of cross -border e -commerce.
And also, local governments are encouraged to provide essential resources to these cross -border e -commerce enterprises, for instance, in legal and tax.
And also, the Ministry of Foreign Affairs says that China plans to attract more global business leaders by continuing to expanding visa -free policies and extending stays and providing faster processing for business visits.
Now last but not least, we will see stronger maritime transportation and labour support for foreign trade enterprises which will help them reduce operating costs and give them a better position in the global stage when competing with foreign enterprises.
Now, together, these measures aim to energize China's foreign trade for a more sustainable future.
That was Li Shun reporting.
China's foreign trade grew steadily in the first 10 months of the year.
Official data shows that foreign trade grew 5 .2 % from January to October, reaching over 36 trillion yuan, or around 4 .9 trillion US dollars.
Exports increased by 6 .7 % or in imports grew 3 .2%.
Beijing has held the tense national governance forum focusing on the high -quality development of state -owned assets and enterprises.
Experts described state -owned companies as an integral part of socialism with Chinese characteristics, especially in today's complex economic landscape.
They said state -owned enterprises must prioritize technological innovation and industrial transformation emphasising promoting industrial upgrading and digital transformation.
The forum included in -depth discussions through keynote speeches, dialogues and parallel forums.
Senior diplomats and experts attending the EU -China forum in Brussels have called for stronger EU -China cooperation amid growing global challenges.
Nearly 500 participants discussed advancing ties ahead of the 50th anniversary of EU -China diplomatic relations next year.
The head of the Chinese mission to the EU said cooperation between the EU and China has thrived over the past 50 years.
Chiron urged both sides to act as partners, not rivals.
Former Secretary -General Jude Hart's style of the European Committee of the Regions highlighted the importance of rebuilding trust.
Experts also called for joint efforts on climate change, noting the EU's reliance on China's clean technology for its green transition.
The annual U .S.-China People's Dialogue is under way in Beijing.
The event has attracted over 100 participants from a broad range of sectors including diplomacy, tourism, ecology, artificial intelligence and business.
They believe dialogue between Chinese and American people is necessary to foster stronger connections and develop people -to -people ties despite political differences.
Gautian Shih spoke to some participants to find out more.
The second China -U .S.
People's Dialogue is taking place in Beijing.
The event brings together Chinese and American people from all walks of life, including tourism, science and technology sectors, as well as sports and arts.
Of course, I hope to see more and more sports exchanges.
While playing sports, you must cooperate with teammates and compete with opponents.
It is very suitable for young people from different countries and regions to exchange and understand their strengths and weaknesses." "...
for me, I mean, partly because I'm an anthropologist, people to people exchange is basically my job.
I want to understand China from the perspective of Chinese people, how they perceive it, how they view it.
And then I want to try to help sort of transmit that perspective and translate it to an American audience." Political instability has brought a range of challenges to China -U .S.
relations. One example, on November 19, a U .S.
Congressional Anti -China Advisory Panel caught for ending the country's permanent normal trade relations with China, a status which has been in effect for more than two decades.
That's not a good step, I think that we can negotiate, we can change the relationship, we could even try to modify it in our own interest instead of the other purpose interest but I think you have to keep it going.
It's already a doing harm, anything in business involves companies, the stock market trade, it not only just affects businesses but it affects ordinary people like you and me.
So yeah it's a very serious decision.
Art is one of the most powerful and important ways to bridge gaps.
When governments are facing tensions, when economies are competing, when the newspapers are telling very depressing stories, the arts are crucial to keep the ties between people together at a very basic level so that, again, we don't get lost in the tension, we don't get lost in the controversy, we continue to see the beauty and the humanity in each other." This event was jointly hosted by the National Committee on US -China Relations and Tsinghua University, and more than 100 participants have gathered here with hopes of developing People -to -People ties despite political differences.
Gautianqi, reporting.
Apart from showcasing the latest IT products and solutions, this year's World Internet Conference in eastern China has provided a platform to demonstrate how the digital age is reshaping cultural exchanges.
Yung Jinghao has more from Woo Jin.
14 years ago, Jake Pinick began practicing martial arts at the Wudang Mountain, a secret site in China's Taoist culture.
During the World Internet Conference underway in the East China's Zhejiang Province, he shared how digital platforms have helped bring Woo done to the world.
Now we have videos, now we have a more 3D landscape to participate in, so I feel like when I'm making videos online I'm developing a community that people can stay connected with.
Also just tools like translating, creating subtitles, video editing, image creation for texts.
Really so much of the workload can be benefited from AI and from new technology that it just streamlines the process.
Over 600 tech firms are showcasing their latest technologies and products.
While StandOut is the highly popular game Black Myth U -Kong, In recent years, gaming has increasingly become a powerful medium for cultural exchanges.
This sentiment is echoed by Tiang Haibuo, a young Chinese game developer.
In 2020, he launched a mobile game called Fifth Invention, inspired by traditional Chinese architecture.
Since 2018, we have developed three games, but only one has been launched.
From the very beginning, true to our company's name, our aim has been to showcase the essence of Eastern culture at its finest.
My original intention was to earn respect be it for us as individuals, or for our company, or for Chinese culture as a whole.
It's not just young innovators like Tian who are making use of emerging technologies.
Even 75 -year -old Richard Sears is leveraging the internet to promote cultural understanding.
known as Uncle Han -Zi, Sears has spent over 30 years tracing the origins and evolution of Chinese characters.
I'm glad that in recent years my website has been able to teach both Chinese and foreigners the origins of Chinese characters.
So the Internet is the main reason why the world is becoming one world.
The guests agree that world technology will greatly facilitate cultural exchanges, and it can never replace human creativity, especially in the arts." With Yang Jingha reporting.
The 6th Human Space Symposium is underway in southern China.
The two -day symposium in Shenzhen comes as the country pushes ahead with its future space goals.
Sun Yat has more. The sixth Human Space Symposium started Thursday in Shenzhen, with some 800 experts attending.
It comes as China's space station is nearing two years of full operations and as the country presses ahead in its future development, including the goal of landing Taikonauts on the Moon by 2030.
Participants at the symposium, including a taikonaut, gave keynote speeches on China's human spaceflight development, scientific advances coming from China's space station, and what it takes to maintain the national space lab.
They also discuss topics on longer -term human stay in space, support for lunar exploration and more.
The China Man -Space Agency had said earlier in October that for the long March -10 carrier rocket, the manned spacecraft called Mengzhou, the lunar lander Lanzhe, the space use to be worn by Titanauts on the moon as well as for the manned lunar rover, the production and ground test for all the prototypes of these products are underway as planned.
Then was Sun Yur reporting.
Defense ministers from China and Laos have co -chaired the Four Team China -ASEAN defense ministers informal meeting in Vientiane.
Chinese Defense Minister Dong Yun says the country will work with ASEAN to enhance unity and mutual trust, deepen cooperation, and properly manage differences.
Defense leaders from ASEAN have expressed willingness to further engage in more security cooperation with China for regional peace, stability and sustainable development.
Chinese authorities say all large -scale telecom fraud centers near the China -Mianma border have been wiped out.
The Public Security Ministry says cooperation between police on both sides has led to the arrests of over 53 ,000 Chinese nationals suspected of telecom fraud.
The latest joint operation saw the arrests of nearly 1 ,100 suspects in northern Myanmar.
The crackdown on telecom fraud in the region began last year.
Officials say China's public security bodies will continue to maintain high pressure in the crackdown on cross -border telecom fraud, especially in areas where scam dens are concentrated.
They have also warned the public against the recruitment information about high -paying drops overseas as it might lead them into crime.
Coming up, Russia and Ukraine accuse each other of escalation in the conflict after Kyiv fired Western weapons into Russia.
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That's 14 minutes past the hour.
Russian President Vladimir Putin says the Ukraine conflict has taken on global dimensions after attacks by Western missiles on the Kursk and Brionska regions in Russia.
He said that Russia reserves the right to target military facilities of the countries that have used their weapons against Russia.
On November 19th, six US made operational tactical missile systems, attackers, and on On 21st November, during a combined missile attack, the U .K.
made missile systems storm shadow, and US -made Haimas hit military facilities in the Bryansk and the Kursk region of the Russian Federation.
Since then, as we have repeatedly emphasized, the regional conflict in Ukraine provoked by the West has acquired elements of a global character." Putin vowed that Russia will respond decisively in case of escalation in Ukraine.
Meanwhile, he confirmed that Russia has successfully tested a new medium -range ballistic missile in response to enemy action.
Dasha Chineseova reports.
We're hearing from the Kremlin, the general line, which suggests that the outgoing administration of Joe Biden is adding more fuel to the fire and tries to make this conflict escalated as much as possible.
That is the accusation that the Kremlin has actually issued after the storm -shadow missiles have been intercepted, and after six attack of missiles were fired by the Ukrainian site against Russia's Briansk region shortly after Ukraine got the permission to strike targets deep inside Russia with the U .S.
supplied weapons. So definitely in Moscow there is the perception that this conflict has been escalated.
Moscow is pointing at the United States saying they are interested in that, but also the Russian ambassador to the United Kingdom say that it is the UK that is now also directly involved into this conflict.
The idea in Moscow is that the use of those types of weapons is impossible without the satellite data and the navigation systems coming from the Western countries, and therefore these Western countries are directly involved into the conflict.
Having said that, Maria Zahara spoke to the Russian foreign minister on Thursday addressing the issue of the new US base in Poland, which she said was yet another provocative step in a series of deliberate provocative and escalatory moves by the Western countries.
She said that base was, if necessary, put to the Russian list for potential destruction if Russian interests were actually attacked and if there was any sort of attack against the Russian Federation.
So certainly we are hearing that escalation on both sides, but Moscow here is saying that it is the Western countries that are doing everything possible to make this conflict as much as possible before the new administration in the United States takes the Oval Office.
Now, as Dershow Chenechova reporting.
Ukrainian President Volodymy Zielinsky says a Russian strike on the central city of Dnipro with a new type of missile is a clear and severe escalation.
This comes after KIV launched U .S.
and British -made missiles into Russia.
Moscow responded by firing the new hypersonic medium -range ballistic missile at a Ukrainian military facility.
Magumilim has more from Kyiv.
Well, this latest missile attack against Nipro has come, as tensions have significantly risen between Ukraine and Russia with all that has happened this week.
The U .S. lifting restrictions on Ukraine's use of the American -supplied Atacams Missiles against targets inside Russia and reports saying that Ukraine has also for the first time used the British -supplied Storm Shadow missiles against targets inside Russia and this week Russia having lowered its threshold for a nuclear strike with its updated nuclear doctrine and now with this latest missile attack Ukraine accusing Russia of having launched for the first time an intercontinental ballistic missile these are very powerful missiles that are capable of carrying a nuclear warhead but Ukrainian president
accusing Russia of using Ukraine as a testing ground for these ICBMs he's saying that experts are currently investigating what weapon exactly was used.
But according to preliminary analysis, he's saying that the speed and altitude of the missile matched that of an ICBM." Now it's Mago Milim reporting.
The head of the International Atomic Energy Agency has warned that nuclear safety remains in jeopardy at the Zaporizhia nuclear power plant in southeastern Ukraine.
Twice in the last few days, the facility security has lost connection to its remaining power line.
IAEA Director General Rafael Groszys, as the first disconnection on the weekend, lasted for over 30 hours.
It was caused by unspecified damage about 17 kilometres from the power plant.
The plant lost connection again on Thursday.
The Russian -controlled nuclear facility now relies solely on a single power line to connect with Ukraine's energy grid.
Ukrainian officials have warned that if this final connection fails, the plant could experience a complete blackout, creating significant risk for a nuclear accident.
Finland says it will withdraw from the Baran's Euro -Arctic Council after 2025, but will continue cooperation in the northern regions through other channels.
The Finnish government says changes in the European security situation and international the regional environment have affected regional cooperation in the north.
Finland joined other Nordic countries, the EU and Russia, to establish the council in 1993 to promote stability in the Barents region.
After the Russia -Ukraine conflict started, the council suspended activities involving Russia.
Moscow withdrew from the group last year.
The UN Special Coordinator for the Middle East says the war in Gaza is the UN's biggest best test ever.
Tor Winnesland said they are at the point where diplomacy has failed and geopolitics is difficult.
And I can assure you, GASA is absolutely a nightmare and it's, in a way, terrifying to go in there and see the exposure of the population to what's going on.
But there is a fear factor that is very clearly available at the West Bank as well because Sometimes they see that the struck news are crumbling." Richland said he is worried about the Israeli economy since the war began.
He also expressed concerns over the future of Palestinians.
The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, his former Defense Minister U .F.
Gollant and Hamas military chief Mohammad Deav.
Netanyahu has condemned the arrest warrant with Gollant, saying it marks a dangerous unprecedented precedent.
EU Foreign Policy Chief Joseph Barel says the ICC's decision should be respected and implemented.
A senior Palestinian official has praised the decision by the world's top war crimes court to issue arrest warrants for the Israeli Prime Minister and his former Defence Minister over the war in the Middle East.
Palestinian Ambassador to the Netherlands Amma Hajjazi called the move the start of accountability and justice for the Palestinian people.
''The State of Palestine will come the decision by the pretrial chamber today.
We believe that it is approved that justice and the long arm of justice will reach anyone who violates the norms that humanity decided that cannot be violated, especially the most egregious atrocities like war crimes and crimes against humanity.
It is certainly an important day also for humanity as a whole.'' The international criminal court's warrants include Benjamin Netanyahu, his former defence chief U .F.
Galant, and Hamad's military chief accusing them of crimes against humanity in connection with the war in Gaza.
The action by the ICC came as the number of people killed in Israel's campaign in Gaza has passed 44 ,000.
According to local health authorities, more than half of those killed were women and children.
Experts say hunger has become widespread across Gaza and may have reached the famine levels in the north of the territory, which is under siege by Israeli troops.
Hamas has claimed to have killed 15 Israeli soldiers in Northern Gaza.
The Al -Qassan brigade's military wing of Hamas says fighters engaged an Israeli infantry unit in Beit Lahaya.
A group also said it targeted an Israeli tank west of Jabalia in Northern Gaza.
Meanwhile, the Islamic Jihad movement said it targeted a gathering of Israeli soldiers and vehicles in central Jabalia.
The Israeli army has not commented on these attacks.
A top U .S. diplomat says he does not see enough political will among the warring parties to reach a resolution to end the conflict in Sudan.
U .S. Special Envoy Tom Perriello made the comment following a recent trip to the country earlier this week.
But we do not yet see enough political appetite from the parties to find a real resolution to this conflict, which, of course, at the end of the day, has got to be about handing control back to the people, as was the heart of the revolution in 2019 and continue the work of building an integrated professional national military which I know the SAF leadership wants to see." The US envoy met Sudanese officials, including General Abdel Fattah Burhan, as well as civil society and aid workers to push for improved humanitarian access.
The UN sister conflict has killed over 20 ,000 people, forcing millions from their homes and left large swathes of the population to starve.
Coming up, negotiators try to reach an agreement on new climate funding as COP 29 draws to a close.
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25 minutes past an hour.
Negotiators are striving to reach an agreement on new climate funding as the UN climate change conference in Baku draws to a close on Friday.
A key task of COP 29 is to set new financial targets for developed nations to aid the climate efforts of developing countries after 2025.
Negotiators say the task remains challenging as a new draft of the negotiating text released early Thursday showed no consensus on the specific climate funding target and the divergence of perspectives among the parties.
In 2009, developed countries agreed to mobilize US $100 billion annually by 2020 to support climate action in developing countries, extending the goal to 2025.
At COP29, participants proposed a target of mobilizing and providing at least US $500 billion annually, but the developed nations have not responded.
Meanwhile, UN Secretary -General António Guterres has called for a major push in climate negotiations, emphasising the need for a surge in finance.
Mexican President Claudia Schoenbaum says her country is ready for the potential mass deportations of migrants from the United States.
U .S. President -elect Donald Trump has indicated the deportations will happen once he's in office.
Ching Bong says Mexico is strengthening the network of Mexican counselors in the U .S.
to better protect migrants at risk of deportation.
In the coming days, Ching Bong and her cabinet will review the bilateral issues that need to be addressed with Trump's team, including immigration, security, and trade.
A powerful storm moving through Northern California has toppled trees and damaged homes, while dropping heavy snow and record amounts of rain.
There were reports of over 20 ,000 power outages in California on Thursday.
San Francisco's airport has canceled schools of flights.
Despite the chaos, ski resorts celebrated record snowfalls, signaling an early start to the ski season.
Maji Ashboum is the marketing manager at Sugar Bowl Resort.
This is actually our earliest opening of the resort since 2004.
We've had great conditions, lots of natural snow and some great effort from our snow astronomical spot.
The storm reached the status of BOM cyclone, which occurs when the cyclone intensifies rapidly.
Now, it's 28 minutes past the hour checking the forecast for the day, Beijing is down to 1 on Friday evening, Saturday will see cloudy skies with a high of nine.
Nansang is 11 tonight, tomorrow cloudy, with a high of 18.
Elsewhere in Asia, Islamabad is 11 this evening, Saturday will see sunny skies with a high of 21.
Vientiane is 19 overnight, tomorrow will see sunny skies with a high of 31.
Penang Pen is 26 overnight, tomorrow sunny and 33.
In Africa, Nairobi will see cloudy skies with a high of 26 on Saturday, can pollise 18 overnight, tomorrow will see cloudy skies with a high of 26, June is 24.
tonight tomorrow sunny and 33 degrees Celsius.
It's time for a short break, so far this hour.
China has announced the measures to further boost the growth of its foreign trade.
Russia and Ukraine have accused each other of escalation in their conflict.
Tianlu with you, stay with us here on the Beijing Hour.
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Bing -Bing -An, Bing -An Examining the events that impact and shape China, and the rest of the world.
This is the Beijing Hour.
One hour of news and information brought to you every weekday.
Now here's your host.
Qialu with you on this Friday.
Still to come? In business, the World Internet Conference wraps up its summit, Eastern China.
And today we bring you the first episode of a nine -part special report that delves into China's journey toward sustainable development.
To contact us, you can email radio at cgtn .com, or follow our X account formerly Twitter at CGTN Radio, but first checking today's headline news.
Chinese President Xi Jinping has met the crown prince of Morocco.
President Xi said China supports Morocco's effort to safeguard national stability, and The two sides should firmly support each other on issues concerning their core interests.
He also suggested the two countries strengthen Belt and Road cooperation, and expand cultural exchanges.
The meeting in Casablanca came as the Chinese president was heading home after wrapping up a visit to Brazil.
Vice Minister Wang Shou -wen of the Chinese Commerce Ministry says Beijing is ready to expand cooperation and manage differences with Washington.
The official, who is also China's international trade representative, made the comment in response to a question about a potential 60 per cent tariffs to be imposed by US President -elect Donald Trump.
Wang said China will be able to resolve and resist the impact of external shocks.
He warned that tariffs will lead to inflation and higher prices that consumers will end up paying.
The Chinese ambassador to the UK says the economic partnership has always been a balanced and a propeller for bilateral relations.
Speaking at the seventh China -UK Economic and Trade Forum, Zheng Zaguan said the annual bilateral trade has surpassed £110 billion or about US $140 billion with two -way investment reaching over £130 billion.
Following recent talks between President Xi Jinping and UK Prime Minister Keir Starmer at the G20 summit, Zhen urged both nations to enhance collaboration in areas such as clean energy, financial services, AI and tourism.
British Investment Minister Pompey Gustafin also stressed the importance of constructive dialogue between China and the UK.
A Russian envoy has warned that Ukraine's use of foreign missiles can bring a collision after Kyiv's Western ally's Greenlitter's use of long -distance missiles to strike inside Russia this week.
Russian Ambassador to the UK Andriy Klyn says the American and British government have escalated the situation despite several warnings from Moscow.
In spite of these warnings, the U .S.
administration supported by France and the U .K.
has made a deliberate decision to make these strikes, which seriously escalates the situation, and it can bring a collision between the nuclear powers.
I can say easily that we have plenty of mercenaries from different countries that are fighting right now on the side of Ukraine.
Russian military says it shot down two British -made storm shadow missiles, implying Britain is now directly involved in the war.
Russian President Vladimir Putin says the Kremlin fired a new intermediate -range ballistic missile at Ukraine on Thursday in response to Kiev's use of the missiles.
Ukrainian President Vladimir Zelensky says a Russian strike on the central city of Dnipro with a new type of missile is a clear and severe escalation.
This comes after Kiv launched US and British -made missiles into Russia.
A UN spokesperson says the United Nations respects the work and independence of the International Criminal Court after the ICC issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and a Hamas military leader.
Stephon Durek says the 4 ,000 to 4 ,000 people killed in Gaza is another grim and devastating milestone.
We have continuously, we will continue to condemn the loss of civilian lives that we've seen in Gaza, continue to call for the respect of international law, international humanitarian law, for the need of immediate cease fire and for the immediate and unconditional release of all hostages, and of course, for greater humanitarian access, as we've been talking about every day." According to the Health Ministry in Gaza, the conflict has wounded over 104 ,000 people.
Negotiators at COP 29 in Baku are racing to agree on new climate funding before the UN conference ends on Friday.
Day. Developing nations are advocating for US $1 .3 trillion annually by 2030, with at least US $500 billion coming from developed countries.
This is more than the current US $100 billion yearly commitment from wealthy nations.
UN Secretary General Antónico Terrej has called for search in finance, as talks near their conclusion.
Chinese video game Black Missions Wukong has won the Ultimate Game of the Year award at the Golden Joystick Awards, one of the oldest and biggest public -voted gaming accolades.
Over 12 million fans have voted to crown their favourite games, companies and personalities at the 42nd edition of the awards.
The 12th National Traditional Games of ethnic minorities has kicked off in China.
The event in Sanyang has attracted the 10 ,000 athletes representing the country's 56 ethnic groups.
They will compete in nearly 140 events across 17 sports in addition to three demonstration sports.
Certain events such as equestrian competitions have already taken place in the northwestern region of Xinjiang.
This is Tian Lu in the Chinese capital coming up in business.
The world internet conference wraps up its summit Eastern China.
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Stocks on the Chinese mainland have finished the week with a bit of decline.
Shares in the photovoltaic, clinical research and security sector led the losses, while shares in the internet e -commerce sector rose against a trend.
Timothy Pope has details.
Investors seem to be returning to the sidelines as they wait for some tangible results from the government's measures to reflate the economy.
The Shanghai Composite Index down 3%, shedding more than 100 points.
The Shenzhen Component was down 3 .5%.
Volumes were down too and what that suggests is that the trade was all one way, it was all selling.
Case This fall's also put the Shanghai composite into negative territory for the month so far, and earnings estimates are telling us that it could be a while before we see government stimulus efforts reflected in corporate results.
Consumer heavyweights were a major drag.
The liquor mega, Guizhou multi, was down 2 .4%.
On the bright side though, China's second biggest chipmaker, Hua Hong, semiconductor, did pretty well.
At least initially it was up more than 10 % at one stage.
That was on News that it's partnering with European counterpart, ST Micro Electronics.
Hua Hong is going to be producing chips for ST Micro in China by the end of next year as part of that agreement.
But Hua Hong shares weren't immune from the negative sentiment, pared those gains by the end of the session, and ended up only 0 .4 % higher.
That was Timothy Pope reporting.
Elsewhere, the Hong Kong stock market also ended lower for the day.
The Hanseng Index was down nearly 1 .9%.
In Japan, Tokyo stocks closed higher on Friday, led by solid gains in heavyweight semiconductor -related shares following rises on Wall Street overnight.
The Nikkei added nearly 0 .7%.
The World Internet Conference has wrapped up its Wuzhan summit in eastern China, developing a people -centred approach to artificial intelligence top the agenda, and along with efforts to transform business and society through digital tech, Xiaobing takes a look.
The 11th World Internet Conference Ujian Summit is finally coming to an end and this year it was packed with amazing movement.
The Ujian summit continues to serve as a platform, bringing together CEOs of top tech companies, global officials, business leaders as well as scholars and experts.
This time, participants shared insights and perspectives across more than 24 sub -foreigns.
Discussions span diverse topics, including the digital economy, cybersecurity, open -source ecosystem development, data governance, AI innovation and governance, as well as youth and the digital future.
Over the past days, attendees introduced their achievements and outlined their visions for the future.
At the light of Internet Expo, visitors are able to see some of the coolest and cutting -edge technologies from China and also from all around the world.
These are not only on display boards or on screens, but hands -on devices ready for people to give it a try, such as a humanoid robot and AI diagnostic tools.
Many exhibitors also appreciated China's efforts to create a safer online space, recognizing its importance as a foundation.
for sustainable business growth.
After 11 years the Wuyen World Internet Conference is still going strong, pushing for digital innovation to shape the future for business, trade and our daily lives.
That was Xiaobing reporting.
China says it will make more efforts to advance AI development for small and medium sized enterprises.
The Industry and Information Technology Minister has called for the enterprises to step up investment in research and development, focus on computing power, models and data and consolidate the base of key technologies.
Jin Jong -Lung also called for accelerating the development of smart equipment, promoting the replacement of home appliances and mobile phones, and creating intelligent software applications.
The minister urged enhanced international cooperation and introducing advanced technologies and top talents.
He also said the ministry will provide high -level services for AI enterprises such as financial support.
This year's World Vocational and Technical Education Development Conference has concluded in the northern city of Tianjin.
The conference created a Vocational Education Cooperation organization consisting of nearly 90 institutions from over 40 countries and regions.
B -run reports. Themes innovation empowers the future.
Skills invite new life.
The event witnessed the launching of the International Vocational Education League.
It included sessions covering topics like high -skilled workforce development, academic innovation, and lifelong learning.
Highlighting the importance of young people's personal learning.
The Vocational College Skills Competition has also been upgraded to an international level.
The global competition, featuring over 29 ,000 participants from 74 countries, sell competitions in 42 categories of occupations and technologies, such as AI health management and new energy vehicles.
It's very vibrant. It's a very vital issue for the modern economy.
New technologies, healthcare, a lot of them are non -university qualifications, but really critical.
So for a lot of school leavers, there's a lot of opportunities.
We have found that the joint programs with Australian providers have been very popular.
But also, more broadly, it's ready to help enlighten the theme, empowering knowledge.
According to China's Ministry of Education, the country has established the world's largest vocational training system with over 11 ,000 institutes offering students a variety of courses.
And now the vocational education system produces over 70 % of new workers in key industries in this country, such as advanced manufacturing and modern services.
And now this source of expertise is going beyond China's waters.
And the country's vocational education system and partnerships are expanding with Central Asia, Asian Africa and Europe.
There will be run reporting.
An international low altitude economy development conference has kicked off in the western Chinese city of Xi 'an.
The conference provides a platform for trade, technology, and communication among industry professionals.
Over 400 exhibitors are showcasing new products and cutting -edge technologies, including drones, flying cars, light aircraft, and other airships.
The event also features forums and seminars, led by industry experts and executives from leading domestic enterprises to discuss the future of the low -altitude economy.
And finally, official data shows retail sales of passenger cars in China rose 11 .3 % in October.
The sales volume exceeded 2 .2 million, boosted by the week -long National Day holiday and policies including the National Trading Program.
Among them, sales of new energy vehicles surged to nearly 1 .2 million units.
Thank you very much.
That was Wang Zihan with Business.
You are listening to the Beijing Hour coming up next.
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Away from high -level discussions and negotiations, the urgent need to cut emissions has emerged as a recurring theme in many speeches at the UN COP 29 climate conference in Azerbaijan.
As one of the world's largest carbon emitters, China has pledged to pique its CO2 emissions before 2030 and achieve carbon neutrality by 2060.
To delve into China's journey toward sustainable development would bring you a nine -part special report titled, Green China, A Journey to 2060.
Today, Yang Yang presents the first episode, Ecological Restoration, Growing Awareness Among Chinese People.
The population of Shutanjing has dropped to the hundreds from 130 ,000 in the 1990s.
The town of Xu Tianjin, which means koyo well, is located on the northern part of Hehe Land Mountains in northwest China's Ningxia Hui Autonomous Region.
Ecosystem supports all life on Earth.
A healthy ecosystem acts as a natural carbon sink with forest, wetlands, and marine habitats capturing and storing carbon dioxide in biomass, soil, and sediment.
Experts emphasized the crucial road of water in this process, so we went to waterstarved northwest China in August to get a snapshot of the conditions regarding ecological restoration in the country.
As we entered the town in the afternoon, the first thing we noticed was rows of two -story terraced houses With rusty window frames and grass sprouting from the roofs, most of them seem abandoned.
Further along, we came across shops, video theaters and a barbershop, all looking like they are from the time of my childhood, 30 years ago.
This area used to be one of China's most important coil fields.
62 -year -old Gong Yeong was born here after her parents moved to the place in the 1960s when coal mines mushroomed on a large scale.
With the development of coal mines, the town became so popular in the 1990s that it was known as Little Hong Kong, you could buy anything you want here.
People were rich and many relatives came to join them for better living." This prosperity, however, also came with environmental issues.
In the past, the air would teak with pollution.
As soon as you arrived, your clothes would be covered in dust as if you'd just come out of a coal mine.
Coal washers were scattered almost everywhere.
The town used to have only two colors, black and brown.
Black from the coal and brown from the tailing rocks.
The sky would turn black whenever a sandstorm hits.
Did people have any sense of ecological protection?
No. It seems we got accustomed to the rocks and mountains.
We paid little attention to the surrounding ecology.
China has undergone rapid economic growth since its opening up over four decades ago.
In recent years, the country has greatly enhanced its focus on environmental protection.
In 2016, the Chinese government launched the Shen Shui Initiative, a plan to restore 10 million hectares of natural landscapes, ranging from mountains to coastal asteroids through 75 large -scale restoration projects by 2030.
In the same year, China initiated its regular nationwide patrol on environmental protection.
It was around the same time that Ningxia began regulating mining activities along the Helei Mountains, the local people recollected.
Hanyin began to close the mines in 2015.
All mines without legal procedures were closed.
It was a tough drop, as it affected interests of many miners.
Many were reluctant to leave the town.
Some cried, should Hanjin gradually lost his prosperity.
They told me they got compensation from the government.
The workers were dispatched to mines and other places in Ningxia.
Some transferred to ecological protection -related posts like aforestation.
Yu Yang from the local Department of Natural Resources added that Ningxia has been exploring the development of other industries.
We are expanding grape cultivation and wine production along the Hella Mountains.
Tourism is also promoted in the region.
Hu Rei is a researcher at the Northwest Institute of Equal Environment and Resources under the Chinese Academy of Sciences.
In recent years, the country has expanded efforts to raise public awareness of ecological and environmental protection.
An awful environment is bad for your health.
The community holds events on environment days.
We didn't do garbage sorting in the past.
Because now it's different.
Living in a good environment makes you happy.
The local enterprises, while managing the costs and every possible aspect, also agree that their investments in ecology are worthwhile.
Yuan Gui used to run a gravel pit.
Now he's the owner of Yuan Shu Van yard, a private winemaking company.
When people make ends meet, they start seeking more spiritual fulfillment.
It would be odd if humans were only once living on Earth.
It's sweet to hear birds chapping, right?
Bye ... from state -owned Mei Hua Jin Coilman in northeastern Ningxia.
We doubted our efforts in environmental restoration at first because it was very costly.
But now we find it encouraging to see the area transformed into a green space.
Staff can relax here after work, and more wildlife has been returning.
Departments dedicated to environmental protection have been established, not only in government institutions nationwide but also in enterprises, particularly in state -owned companies.
There were a handful of people who initially didn't understand the move.
They eventually shifted their mindsets after witnessing significant improvements in their living environment.
I was one of those miners.
Now, I work in vegetation restoration.
Those seniors who used to work in Shetangjin returned here often, and they would marvel at their improvements.
As one of the few natives, Gu Yihong often works as a volunteer tour guide in her spare time.
She also grows vegetables and shares the produce with tourists.
The local ecology is turning much better.
It was impossible to grow veggies in the past.
Shoutanjing, once known as Little Hongkong, is transforming into a filming location, with few visitors around when we visited during the summer break.
Currently, its population is around 300, with daily visitors peaking at about 3 ,000.
I hope our town will recover its prosperity in the near future.
While I'm telling the story of a mining town in northwest China, I must point out that ecological restoration is not only for mining areas.
Hooray, the ecological expert, told us that it refers to the recovering process of any ecosystem that's been damaged." There are also other factors to consider, such as water pollution and land degradation.
This reminds me of herders on degraded grassland on Qinghai Sizan Plateau when we visited them back in 2021.
My grassland couldn't fill the stomachs of my yaks and sheep anymore.
When we visited them again in April this year, those herders were working closely with the government to restore their grassland.
But Hurei pointed out that many people's understanding of ecological restoration is still limited.
We should keep planting trees, one generation after another.
Human intervention can't restore damaged ecosystems, it's like how medicine does little to cure a common cold, compared to natural recovery.
The aim is to restore the ecosystems natural functions and get its systems cycling independently.
In simple terms, for example, water should be retained for moisture.
The natural purification functions of the soil should be restored.
Over the past century, China's approach to ecological restoration has evolved from tackling specific environment issues to fostering healthy ecosystems with a greater emphasis on biodiversity and ecosystem integrity.
However, to restore an independent and healthy ecosystem is easier said than done.
Our efforts often focus on large -scale graining projects, and success is measured more by investment scales rather than by the integrity of an ecological system.
Stay tuned for our next episode on ecological restoration, where we'll explore the efforts made by the country in this regard.
That was Yang Yang with the first episode of our special report, Greener China, A Journey to 2060.
We'll bring you more episodes next week.
It's 58 minutes past the hour checking the forecast before we go.
Beijing is down to 1 degrees celsius on Friday evening.
Saturday we'll see cloudy skies with a high of 9.
Then, Chong is 11 tonight tomorrow cloudy with a high of 18.
Elsewhere, in Asia, Islamabad is 11 this evening.
Saturday, we'll see sunny skies with a high of 21°C.
That's it for this edition of the Beijing Hour Making News Today.
China has announced measures to further boost the growth of its foreign trade.
On behalf of the staff, this is Tian Lu in the Chinese capital.
Hoping you'll join us for the next edition of the Beijing Hour and open the window to the world together!
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