China to remain rooted within Global South: President Xi
Oct 25, 2024
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President Xi, the leader of China known for his influential role in global affairs, discusses pivotal themes like the empowerment of the Global South and the need for collaborative efforts with BRICS Plus nations. Wang Qianhui, a dedicated reporter, shares insights on Xi's advocacy for multilateralism in modern governance. They also highlight China's successful reusable satellite mission and its implications for agriculture and international research. Economic challenges are addressed, with the IMF warning of low growth and high debt worldwide.
President Xi Jinping emphasized the importance of Global South collaboration for stability and modernization amidst evolving international dynamics.
China's successful reusable satellite mission demonstrates significant advancements in technology aimed at supporting sustainable farming practices.
The IMF's warning of low growth and high debt underscores the need for economic reforms to prevent stagnation and promote job creation.
Deep dives
Call for Collective Strength from the Global South
Chinese President Xi Jinping urged countries from the Global South to collaborate for a brighter future during a recent BRICS Plus Leaders Dialogue. He emphasized the pivotal role of these nations in fostering stability and modernization, describing their collective rise as a significant global transformation. Xi pledged China's ongoing support for the Global South, regardless of changing international dynamics, and highlighted the need for these countries to take charge in development and security governance. He called for cooperation to address pressing global issues and the importance of creating a community with a shared future.
Success of China's First Reusable Satellite Mission
China achieved a significant milestone with its first reusable satellite mission, which successfully carried various plants and seeds into orbit. The Shijian-19 satellite, active for two weeks, accomplished multiple breakthroughs in reusability and safe recovery, indicating a technological leap forward. This mission aims to support sustainable farming practices and boost agricultural yields, utilizing cosmic radiation for genetic enhancement of crops like Thai rice. The initiative illustrates China's commitment to international collaboration in space science, open to partnerships for research and development.
International Pledges for Lebanon's Humanitarian Aid
An international conference in Paris successfully raised $1 billion in pledges to aid war-torn Lebanon, predominantly for humanitarian needs and security services. The donations were aimed at addressing urgent necessities for the Lebanese population amid ongoing conflicts, with French President Emmanuel Macron advocating for an immediate ceasefire. Lebanon's Prime Minister underscored the devastating impact of violence on the nation's economy and infrastructure, stressing the need for rebuilding hospitals and schools. Despite generous international support, there are concerns about the overall effectiveness of the aid efforts given the persistent conflict.
IMF's Warning on Global Economic Trends
The International Monetary Fund (IMF) has cautioned that the global economy is at risk of a low-growth, high-debt trajectory, forecasting growth of only 3.2% this year. With public debt expected to exceed $100 trillion, the outlook reflects a fragmented economic landscape, limiting trade’s ability to drive growth. The IMF highlighted that the Asia-Pacific region may see slightly slower growth yet remains above global averages, despite potential weaknesses in demand from the US. Calls for reforms within countries, especially in China, are critical to avoiding stagnation and fostering job creation.
China's Emphasis on Cultural Heritage and Coffee Festival
In cultural development, China's annual Lujiazui Coffee Festival is spotlighting the country's vibrant coffee scene, attracting both local and international baristas. The event reflects China's market growth, valued at approximately 265.4 billion yuan, showcasing that the country is rapidly becoming a significant player in the global coffee industry. Meanwhile, the Wujian Theater Festival integrates drama with local heritage, enhancing community engagement through immersive experiences in the ancient town. Both festivals highlight China's commitment to fostering cultural diversity and entertainment, responding to growing consumer interests.
The Chinese president has voiced support for the development of the Global South, and called on BRICS Plus partners to pool strength and wisdom(01:04). China has marked the success of its first reusable satellite mission(12:31). And the IMF is warning of low growth and high debt in the global economy(37:30).
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