The Beijing Hour

Residents and businesses in Hainan Province are welcoming the launch of special customs operations that took effect on Thursday (01:06). Beijing has expressed opposition to Washington's 2026 National Defense Authorization Act for playing up purported threats from China (11:27). European Union leaders have decided not to use frozen Russian assets to fund Ukraine's defense needs, a decision welcomed by Moscow (20:59).

In this engaging discussion, Yang Chengshi, Chen Tong, Cao Chufeng, and Wang Zhehong dive into Hainan's newly launched special customs operations. Yang shares insights from Haikou on zero-tariff goods and port activities. Chen highlights the first exports from Xinhai port and the benefits of a 30% tariff exemption. Cao explains the innovative two-tier customs system in place. Wang wraps it up with an analysis of energy supply crucial for trade growth, showcasing Hainan's commitment to fostering international trade.

The clock is ticking toward a historic moment in Hainan Province, as it is set to formally launch island-wide special customs operations (01:06). Thailand has demanded Cambodia be the first to announce a ceasefire after more than a week of clashes while Cambodia has not responded (23:32). The Chinese mainland authorities have criticized the Democratic Progressive Party authorities for restricting exchanges across the Taiwan Strait (31:41).

Hainan Province is ready to start special customs operation and officially become a free trade port in China (07:36). China has again criticized Japan for failing to reaffirm key political commitments on the Taiwan question and selectively citing historical documents (17:27). The U.S. and several European countries have offered security guarantees for Ukraine as part of peace efforts to end the conflict with Russia (23:25).

Chinese authorities say the country's economy has sustained steady progress and generally stable momentum over the past month (01:02). China has sanctioned a former chief of staff of the Japanese self-defense forces over collusion with Taiwan separatist forces (12:47). Australia's leaders have agreed to take decisive action to strengthen gun laws following a fatal mass shooting at Sydney's iconic Bondi Beach (17:25).

Wang Yaojing, an Associate Professor of Economics at Peking University, discusses strategies for boosting domestic demand in China. He highlights the importance of income growth, social security, and consumption upgrades for increasing household spending. Yaojing also delves into high-quality urban renewal, explaining how it can drive investment and social benefits, thus stimulating economic vitality. His insights reflect a broader optimism about China's economic prospects and stability in the global market.

China is focusing on boosting domestic demand and innovation to fully realize its economic potential. The podcast discusses a strategic patrol with Russia, easing concerns for Japan. Venezuela's strong protest against the U.S. for seizing an oil tanker raises international eyebrows. Additionally, experts analyze China's resilience in the face of market shocks and highlight the implications of changes in U.S. Federal Reserve policy. Meanwhile, vibrant insights on China's active role in APEC and cultural heritage efforts are explored.

Chinese Premier Li Qiang advocates for openness and cooperation in global economic governance. A new initiative, the Group of Friends of Global Governance, has been established at the UN with nearly 40 founding members supporting China's vision. Insights reveal how openness benefits economies and innovation. There’s also an analysis of China's rising consumer price index, along with expert views on economic policy and the ongoing EU antitrust probe into Google. Meanwhile, sports headlines highlight Liverpool's recent victory amid drama involving Mohamed Salah.

Chinese leaders outline key economic goals for 2026, emphasizing domestic demand and innovation. A discussion reveals how heightened consumer confidence can drive spending. Insights on the C919 aircraft reflect advancements in Chinese aviation. Meanwhile, Zelensky engages with European leaders on a peace plan, as tensions simmer in Asia with Japan. The U.S. greenlights Nvidia's AI chip sales to select Chinese clients, igniting discussions on tech policies and market opportunities. Finally, forecasts suggest a positive outlook for China's growth amidst global challenges.

China's leadership is analyzing economic strategies for 2026 while pushing back against Japan's interference in its military exercises. Tensions between Thailand and Cambodia escalate amid allegations of ceasefire violations. Experts discuss the implications of electoral reforms in Hong Kong and the importance of law-based governance. Meanwhile, a significant coup attempt in Benin is thwarted, and China's exports, especially in electric vehicles, continue to surge, reflecting vital trade dynamics.