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[The Beijing Hour: July 1, 2025 – CPC Centenary, Global Diplomacy, and Economic Development]-[HK celebrates 28th anniversary of return to China]

The Beijing Hour · B2 · 2025-07-01

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📋 Summary

CPC Marks 104th Anniversary with Focus on Self-Governance

On July 1, 2025, the Communist Party of China (CPC) celebrated its 104th founding anniversary. General Secretary Xi Jinping emphasized the necessity of "full and rigorous self-governance" during a Political Bureau group study session. Highlighting the "eight-point rules" established in 2012, Xi noted these guidelines are essential for maintaining "good conduct" and a heightened sense of "self-reform" to navigate the "exceptionally complex" environment surrounding Chinese modernization. International scholars, including Hungarian Workers' Party President Gyula Tema, praised the CPC for its ability to maintain ideological roots while successfully adapting its "political line" to achieve "economic and social successes."

Hong Kong Celebrates 28th Anniversary of Return

Hong Kong marked the 28th anniversary of its return to China with city-wide festivities. Chief Executive John Lee highlighted his administration's commitment to balancing "high-quality development and security." To encourage consumption, the city launched various initiatives, including free public transport and discounts at over 4,000 restaurants, playing on the July 1st date with "71 percent" price reductions. Innovation remains a core pillar, with Hong Kong leveraging "world-class talents" and government-backed AI funding to bolster its role as a technological leader, despite facing "technological headwinds" from global trade policies.

China-Europe Relations and Diplomatic Outreach

Foreign Minister Wang Yi is currently on a week-long visit to Europe, intended to serve as an "anchor of stability" amid global uncertainty. The visit involves high-level strategic dialogues in Brussels, Germany, and France. While both sides remain committed to "multilateralism and climate action," the relationship faces friction due to EU tariffs on Chinese EVs and Beijing's subsequent anti-dumping investigations into European products. The diplomatic efforts aim to build trust ahead of the upcoming China-EU summit.

International Developments: U.S.-Israel Relations and Gaza

U.S. President Donald Trump is scheduled to host Israeli Prime Minister Benjamin Netanyahu at the White House next week. The agenda is expected to focus on the "ceasefire" negotiations in Gaza and the potential expansion of the "Abraham Accords," with reports suggesting Syria may be a candidate for normalization. Meanwhile, the humanitarian situation in Gaza remains critical, with the UN Security Council expressing deep concern over the "brutality" and destruction, as the region continues to suffer from intensive airstrikes.

Economic Expansion and Industrial Innovation

China’s manufacturing sector returned to growth in June, with the Taishin China General Manufacturing PMI rising to 50.4. The expansion was driven by "new orders and higher production." Furthermore, the country is actively promoting "localization" for its EV manufacturers, such as BYD and Geely, as they expand into overseas markets. In a move to further encourage foreign investment, authorities unveiled a "10% corporate income tax credit" for investors who reinvest dividends into approved projects through 2028.

Cultural Preservation and Sports

In the realm of culture, the restored Oscar-winning World War II documentary Kukan was screened in Los Angeles, showcasing the importance of China-U.S. cultural exchanges. In sports, Wimbledon 2025 is underway, with players like Taylor Fritz seeking to regain form on grass courts. Simultaneously, the WNBA announced a major expansion, planning to grow from 15 to 18 teams by 2030, marking a "transformational investment" in the future of women's sports.

🎯Key Sentences

1
Party conduct and discipline must be put into concrete actions.
2
Life is getting better for us herders.
3
That support is paying off.
4
Strong winds sweep over the mountain, but the mountain stands firm.
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📝Key Phrases

1
face problems head-on
2
put into concrete actions
3
draw from
4
unifying alternative
5
bring families closer
Expand All

📖 Transcript

Get the unmissable news stories of the day.
This is the Beijing Hour.
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. Tianluo with you on this Tuesday, July 1, 2025.
You're listening to the Beijing Hour, coming to you live from the Chinese capital.

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