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Shanghai Dairy

China's Leaders Vow Continued Progress

中国领导人承诺持续推进发展

2025-10-24 浏览


China's top leaders wrapped up a major four-day meeting with a communique outlining goals of the nation's 15th Five-Year Plan (2026-30) that include putting people's quality of life first, pursuing quality development, deepening economic reforms and promoting an efficient market, Xinhua reported. The Central Committee of the Communist Party also signaled a focus on advanced technologies, boosting domestic consumption, greater self-reliance in science and technology, accelerating rural modernization and strengthening national security.  
来源: Shanghai Daily  



China-US Trade Talks Set

中美贸易谈判即将举行

2025-10-24 浏览


China confirmed that Vice Premier He Lifeng will meet US Treasury Secretary Scott Bessent in Malaysia today for three days of trade talks that follow a recent flare-up of bilaterial tensions. Bessent told the Fox Business Network that both sides will seek to overcome obstacles and move toward constructive dialogue. Among the current obstacles are US restrictions on exports of chips and other advanced technology to China, and Chinese restrictions on exports of industrial-use rare earth minerals and a boycott of American soybean purchases. The talks come ahead of next week's summit of Asia Pacific Economic Cooperation members in South Korea, where the White House confirmed that President Donald Trump with meet Chinese President Xi Jinping on the sidelines. China hasn't confirmed such a meeting.  
来源: Shanghai Daily  



Putin Defiant After US Sanctions

面对美国制裁,普京展现强硬姿态

2025-10-24 浏览


Russian President Vladimir Putin called new US sanctions on Russia's two largest oil companies an

"unfriendly act that will have consequences." He said, "This is, of course, an attempt to put pressure on Russia, but no self-respecting country ever decides anything under pressure." US President Trump a day earlier announced sanctions on Rosneft and Lukoil in response to what he called Putin's lack of serious commitment to peace in Ukraine. Former Russian president Dmitry Medvedev, known for his ultra-hawkish comments, called the sanctions an "act of war."

In the aftermath of the sanctions, global oil prices jumped. Benchmark Brent crude rose 5 percent in New York to US$65.78 a barrel. Russia is the one of the world's leading oil producers, with September output at 9 million barrels a day.

Separately, the 27 members of the EU officially adopted a 19th package of sanctions against Moscow, including a ban on imports of Russian liquefied natural gas.
 
来源: Shanghai Daily  



Trump-Putin Meeting Scrubbed

美俄领导人会晤计划被搁置

2025-10-22 浏览


A planned summit between US President Donald Trump and Russian President Vladimir Putin has been shelved, signaling that preparatory groundwork for the meeting found no concessions from the Kremlin on its terms for a ceasefire in Ukraine. There are "no plans" for Donald Trump to meet Vladimir Putin "in the immediate future," the White House official said tersely on Tuesday. Trump, after a phone call with Putin last week, said the two would meet in Budapest within two weeks. His peacemaking efforts in the Ukraine war have seesawed between support for Kiev and support for Moscow. Last week, Trump said he might supply Ukraine with Tomahawk long-range missiles; this week, he cooled on that idea and said Ukraine should cede territory occupied by Russian troops.

Russian attacks in Ukraine on Tuesday killed four people and left hundreds of thousands without power and many without water.
 
来源: Shanghai Daily  



China Telecom Benefits From AI

人工智能助力中国电信业绩提升

2025-10-22 浏览


China Telecom announced that net profit in the third quarter rose 3.6 percent from a year earlier 7.8 billion yuan (US$1 billion) on operating revenue of 124.8 billion yuan. For the first nine months of this year, operating revenue rose 0.6 percent to 394 billion yuan, with profit up 5 percent at 30.8 billion yuan. The company said it is seizing opportunities of new technologies and will expand initiatives into applications of artificial intelligence in its digital infrastructure.  
来源: Shanghai Daily  



Major Strontium Deposit Found in Jiangsu

江苏发现大型锶矿

2025-10-22 浏览


China has found a large strontium deposit in Jiangsu Province – a discovery that could strengthen the country's supply of industrial-use metals. The newly identified deposit is estimated to hold 545,500 tons of reserves with an average grade of 49 percent, according to the Ministry of Natural Resources. Strontium is an element used in specialty ceramics, magnetic alloys and other high-tech manufacturing. Geologists also found deposits of copper, lead-zinc and pyrite near the site.  
来源: Shanghai Daily  



China Economy on Track to Meet 2025 Growth Target

中国经济有望实现2025年增长目标

2025-10-21 浏览


China's economy in the third quarter expanded 4.8 percent from a year earlier, slowing from 5.2 percent growth in the prior quarter. For the first nine months of the year, gross domestic product grew 5.2 percent, putting the government on track to meet its 5 percent target for 2025, according to data from the National Bureau of Statistics. Consumer spending was the biggest contributor to GDP growth in the first nine months, while investment underperformed mostly due to the slowdown in property markets.

For the month of September, industrial production in September beat expectations with a 6.5 percent increase, and retail sales rose 3 percent. However, fixed-asset investment unexpectedly contracted 0.5 percent in January-September period, while per capita disposable income gained 5.1 percent.

The property market continued to show signs of weakness amid a four-year slump triggered by developer defaults. Investment in real estate in the first nine months of the year plummeted 14 percent, the statistics bureau reported. New home prices in September fell 2.2 percent from a year earlier, and home resale prices dropped 3.2 percent in China's biggest cities.

The economy and property market are among the issues expected to be on the agenda of the meeting of the Central Committee of China's Communist Party that began on Monday. China's leaders will be setting priorities for the 15th Five-Year Plan (2026-30), including further development of advanced technologies that have been principal drivers of growth.
 
来源: Shanghai Daily  



China Exports of Industrial Magnets Drop

中国工业磁体出口下降

2025-10-21 浏览


China's exports of rare earth industrial magnets fell 6 percent in September from August, with shipments to the US down 29 percent. In the first nine months of the year, exports of the magnets fell 7.5 percent from a year earlier. The magnets are critical in production of hard disk drives, wind turbines, cordless power tools, MRI scanners and other items. Total exports of rare earth and related products in September were up by 7.6 percent year on year, and up by 3.1 percent for the first nine months.

Chinese, which produces 87 percent of the world's supply of the magnets, recently announced tighter export controls over rare earths, which include the magnets, resulting in a flare-up of US-China trade tensions.

To counter China's grip on the supply chain, Australia and the US on Monday signed a multibillion-dollar agreement for Australia to provide the US with critical industrial minerals, including rare earths and lithium. The pact was finalized during meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump at the White House. The agreement calls for each country to invest up to US$1 billion in mining and refining projects valued at up to US$8.5 billion in the next six months.
 
来源: Shanghai Daily  



Apple IPhone 17 a Big Market Hit

苹果 iPhone 17 在市场上大受欢迎

2025-10-21 浏览


The Apple iPhone 17 series is enjoying twice the sales of the 16 series last year, according to a comparison of their debut month in China and the US by data firm Counterpoint. It said sales of the series 17 phones since their launch last month in the two biggest markets have risen 31 percent. That's good news for Apple, which has been losing domestic market share to Chinese smartphone makers this year.

Separately, a group of 55 Chinese iPhone and iPad users filed an antitrust complaint against Apple with China's market regulator. The complaint alleges the Apple maintains a monopoly over iOS app distribution in China, forcing users to purchase digital goods exclusively through its system.
 
来源: Shanghai Daily  



Gaza Ceasefire Wobbles After Deadly Breach

加沙停火在致命破坏后动摇

2025-10-20 浏览


Israel carried out a wave of strikes in southern Gaza in what it said was retaliation for a Hamas attack on its troops. The breach in the barely week-old ceasefire left two Israeli soldiers and 44 Palestinians dead. Both sides said they were resuming the ceasefire after the flare-up of violence that each blamed on the other. The ceasefire was already on knife-edge with two of its key provisions -- release of deceased hostages by Hamas and entry of humanitarian aid into the enclave – proceeding much slower than expected and no progress on the next steps of President Donald Trump's peace plan, which include a transitional outside body to administer Gaza.  
来源: Shanghai Daily  



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