The Beijing Hour President Xi calls for efforts to preserve history, look ahead to development
May 7, 2025
Chinese President Xi Jinping emphasizes the significance of historical context in understanding World War II and calls for cooperation between China and Russia to uphold global stability. Meanwhile, major financial institutions in China are implementing strategies to counter economic challenges. In a tense regional scenario, escalating conflicts between India and Pakistan capture attention, raising concerns about stability in South Asia. The podcast also touches on cultural developments, including a thrilling Champions League match and the environmental implications related to the Yellow River.
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China’s Trade Principles
- China insists on multilateralism and WTO principles in trade talks with the United States.
- It opposes unilateral actions and emphasizes mutual respect and equality in negotiations.
China’s Economic Stabilization Efforts
- China's central bank is cutting reserve requirement ratios and lowering interest rates to stabilize the economy.
- It supports tech innovation, small businesses, and consumption expansion to sustain growth.
Exporter’s Adaptation to Tariffs
- Team Youth Arts and Crafts adapted to U.S. tariffs by expanding to international markets and innovating products.
- They also shifted focus to domestic purchases and sought legal and mediation support.