Latest news with #PRC
West Australian
3 days ago
- Business
- West Australian
Anthony Albanese calls for US-China dialogue, Australia to play ‘constructive middle power' after Beijing
Prime Minister Anthony Albanese has urged Beijing and Washington to step up communication between the two powerhouse countries as he pitches Australia playing a 'constructive' role as a middle power in a turbulent world. The Prime Minister said Australia could be a 'calm, consistent and clear voice for stability, security, economic growth and certainty going forward'. 'I think we can play a positive role. We are US allies, but we have a constructive relationship with China,' Mr Albanese said following his high level meetings with China's top leadership during his six-day tour of the country. 'Australia as a middle power can play a positive and constructive role in the world. We are living in uncertain times and there is turbulence in the world.' The Prime Minister invoked two Labor titans on his tour, first walking in the footsteps of Gough Whitlam as he visited the Great Wall of China and recalled how the former leader opened the door to Australia's modern day relations with Beijing by establishing formal diplomatic ties with the People's Republic of China in 1972. Mr Albanese also became the first Australian Prime Minister since Bob Hawke in 1986 to visit Chengdu in the southwest province of Sichuan. Mr Hawke enjoyed access to the senior PRC leadership that was unmatched by other major Western leaders. Professor James Curran had previously highlighted in a 2023 research paper that Mr Hawke played a bridging role between China and the United States. Mr Albanese said he did not view himself in a conduit role given the US and China had a separate relationship but he urged the two global giants to open up dialogue, similar to the 'communication mechanisms' the US and the Soviet Union adopted during the Cold War. 'It is in the world's interests that the two major powers are able to engage and where there are differences talk about them,' he said. Mr Albanese's week-long, trade-focused trip drew together Australian and Chinese industry executives for roundtable talks on widening business collaboration and cooperation on green energy. But the centrepiece of the visit was a series of bilateral meetings in Beijing with President Xi Jinping, Premier Li Qiang and Communist Party chief Zhao Leji, who all rolled out the red carpet treatment for Mr Albanese. 'I have a good relationship with the Chinese president and Premier and we met the number three, Chairman Zhao as well,' he said. 'We had a very constructive meeting, he'll lead a delegation to Australia later this year. 'Having two-and-a-half hours with Premier Li and two-and-a-half hours with President Xi sends a message to the whole of the Chinese government and therefore the whole of the Chinese economic system that they value the relationship with Australia.' Mr Albanese agreed the goodwill of the past week would make it easier to pick up the phone to Beijing if there was a future crisis. 'I have been able to engage in a constructive way,' he said. 'We're able to have discussions both publicly and be able to act diplomatically.'
Perth Now
3 days ago
- Business
- Perth Now
PM calls for US-China dialogue, offers Australia as bridge
Prime Minister Anthony Albanese has urged Beijing and Washington to step up communication between the two powerhouse countries as he pitches Australia playing a 'constructive' role as a middle power in a turbulent world. The Prime Minister said Australia could be a 'calm, consistent and clear voice for stability, security, economic growth and certainty going forward'. 'I think we can play a positive role. We are US allies, but we have a constructive relationship with China,' Mr Albanese said following his high level meetings with China's top leadership during his six-day tour of the country. 'Australia as a middle power can play a positive and constructive role in the world. We are living in uncertain times and there is turbulence in the world.' The Prime Minister invoked two Labor titans on his tour, first walking in the footsteps of Gough Whitlam as he visited the Great Wall of China and recalled how the former leader opened the door to Australia's modern day relations with Beijing by establishing formal diplomatic ties with the People's Republic of China in 1972. Mr Albanese also became the first Australian Prime Minister since Bob Hawke in 1986 to visit Chengdu in the southwest province of Sichuan. Mr Hawke enjoyed access to the senior PRC leadership that was unmatched by other major Western leaders. Professor James Curran had previously highlighted in a 2023 research paper that Mr Hawke played a bridging role between China and the United States. Mr Albanese said he did not view himself in a conduit role given the US and China had a separate relationship but he urged the two global giants to open up dialogue, similar to the 'communication mechanisms' the US and the Soviet Union adopted during the Cold War. 'It is in the world's interests that the two major powers are able to engage and where there are differences talk about them,' he said. Mr Albanese's week-long, trade-focused trip drew together Australian and Chinese industry executives for roundtable talks on widening business collaboration and cooperation on green energy. But the centrepiece of the visit was a series of bilateral meetings in Beijing with President Xi Jinping, Premier Li Qiang and Communist Party chief Zhao Leji, who all rolled out the red carpet treatment for Mr Albanese. 'I have a good relationship with the Chinese president and Premier and we met the number three, Chairman Zhao as well,' he said. 'We had a very constructive meeting, he'll lead a delegation to Australia later this year. 'Having two-and-a-half hours with Premier Li and two-and-a-half hours with President Xi sends a message to the whole of the Chinese government and therefore the whole of the Chinese economic system that they value the relationship with Australia.' Mr Albanese agreed the goodwill of the past week would make it easier to pick up the phone to Beijing if there was a future crisis. 'I have been able to engage in a constructive way,' he said. 'We're able to have discussions both publicly and be able to act diplomatically.'
Yahoo
3 days ago
- Business
- Yahoo
BingEx Limited (NASDAQ:FLX) Has Found A Path To Profitability
With the business potentially at an important milestone, we thought we'd take a closer look at BingEx Limited's () future prospects. BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. With the latest financial year loss of CN¥260m and a trailing-twelve-month loss of CN¥298m, the US$207m market-cap company amplified its loss by moving further away from its breakeven target. As path to profitability is the topic on BingEx's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts' expectations for the company. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. According to some industry analysts covering BingEx, breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of CN¥88m in 2025. Therefore, the company is expected to breakeven roughly 12 months from now or less. How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2025? Working backwards from analyst estimates, it turns out that they expect the company to grow 88% year-on-year, on average, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Given this is a high-level overview, we won't go into details of BingEx's upcoming projects, but, take into account that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. View our latest analysis for BingEx Before we wrap up, there's one aspect worth mentioning. BingEx currently has no debt on its balance sheet, which is quite unusual for a cash-burning growth company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company. Next Steps: This article is not intended to be a comprehensive analysis on BingEx, so if you are interested in understanding the company at a deeper level, take a look at BingEx's company page on Simply Wall St. We've also compiled a list of important factors you should further research: Historical Track Record: What has BingEx's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on BingEx's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
GMA Network
6 days ago
- Health
- GMA Network
PH Red Cross CPR caravan targets 1M Filipinos on first response
The Philippine Red Cross (PRC) will hold a caravan to train one million Filipinos on Cardio-Pulmonary Resuscitation (CPR) and first response. During the Department of Health's (DOH) CPR Day event at Mandaluyong City on Thursday, PRC secretary general Dr. Gwendolyn Pang said the caravan will visit various areas in the country starting July 17 up to October 16, or World CPR Day. "We have 100 chapters all over the country. In the morning, we will train students in schools, then in the afternoon, we will train workers. During weekends, we will go to the malls and other populated places where we can share our knowledge on CPR, " Pang said. 'CPR should be as basic as reading and writing,' she added. SAGIP Meanwhile, the DOH held CPR demonstrations for representatives of local government units, aiming to spread the skills in localities nationwide. 'The power to save lives does not rest solely in the hands of health professionals. This is the responsibility of all," DOH Assistant Secretary Dr. Gloria Balboa said. The Health official recommended the following steps under the DOH's CPR framework SAGIP: ·S – Survey the scene and check the situation ·A – Assess the victim ·G – Get help and call 911 ·I – Initiate compression ·P – Place the Automated External Defibrillator (AED) pads, if available The DOH said at least one family member should have CPR skills for sudden moments of cardiac arrest. 'It can happen anywhere, anytime, even within the when it happens, every second counts," Balboa said. CPR law The Philippine Heart Association (PHA) called on local government units and the national government to enforce Republic Act 10871 or the Basic Life Support Training in Schools Act. The law mandates that public and private schools incorporate basic life support training for high school students. PHA Council on CPR chairperson Dr. Don Robespierrre Reyes pointed out that only one out of 10 cardiac arrest cases survive globally due to several factors, including a lack of emergency response and an absent emergency medical system. 'Dito sa Pilipinas, walang marunong mag-CPR. Yung response rate natin ng mga bystanders, mababa… Ang gusto natin, pataasin kahit papaano. Kapag tumaas yung response rate ng nasa tabi-tabi lang, mga bystanders, nataas din yung chance na makabuhay tayo ng isang cardiac arrest patient,' said Reyes. (Here in the Philippines, no one knows how to do CPR. The response rate of bystanders is low… What we want is to raise it somehow. If the response rate of the bystanders gets high, there is also a big chance that we can help a cardiac arrest patient survive.) Reyes said that nine years after the law was passed, basic life support is still not part of the Philippine curriculum. 'They (teachers) need to be educated on a new topic. Hindi naman ito kasama sa course nila noon. So, you have to train the teachers to teach this one, and probably, dun siguro nagkakaroon ng konting problema,' Reyes noted. (They need to be educated on a new topic. This wasn't included in their previous courses. So, you have to train the teachers to teach this one, and probably that may also be where they encounter a bit of a problem.)—LDF, GMA Integrated News
Zawya
16-07-2025
- Automotive
- Zawya
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the "Group") for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the period. Sales of Automotive Products Group ("APG") APG's sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 9% Decrease Europe, the Middle East and Africa 2% Increase Americas 4% Decrease Total 4% Decrease In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa ("EMEA"), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group ("IPG") IPG's sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 7% Decrease Europe, the Middle East and Africa 14% Increase Americas 5% Decrease Total 1% Increase In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman's Comments on Sales Performance and Outlook Commenting on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: "Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China". Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: "Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year". Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ("SMEIC") in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. "The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.", said, Austin Wang, Executive Vice President. "The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector." Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and uncertainties. Forward-looking statements can be identified by words such as "outlook", "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Shareholders and potential investors are advised to exercise caution when dealing or investing in the shares of the Company. Hashtag: #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals across more than 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: Johnson Electric
