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Egypt Independent
28-06-2025
- Business
- Egypt Independent
Chinese experts at Al-Masry Al-Youm symposium warn that US and Israel are harming global economy
An assortment of Chinese economic experts from the Shanghai Academy of Social Sciences attended an Al-Masry Al-Youm seminar with international experts, where they affirmed that Israel's wars on the Gaza Strip and Iran will impact the global economy. The experts also warned of the negative impact that American tariffs will have on the world, and how Washington seeks its own success over the expense of others. Belt and Road Referring to the importance of the 'Belt and Road' initiative as a step towards a shared future and a path to peace, the experts discussed China's plans to eradicate poverty. They also touched on the revolutionary potential of AI technology and how it can be used to help treat previously incurable diseases. The Vice President of the Chinese Academy of Social Sciences in Shanghai, Wu Xiuming, raised the importance of understanding the the 'Chinese Modernization Model,' which aims to eradicate poverty in China. Xiuming also touched on aiding friendly countries to China, such as Egypt, in in its economic advancement through investment projects as well as combating poverty. He explained that there is a common goal through a strategy for all countries, taking into account that each region and nation has its own characteristics. He emphasized that transferring China's experience does not necessarily have to be an exact translation, as each country has a specific population range compared to China, which exceeds 1.4 billion people. Xiuming assured that China has not and will never follow colonialism, and supports 'progress and peace for all'. Thus through the 'Belt and Road' initiative, Beijing is working to promote economic and security peace, and numerous mega projects are underway, such as the Administrative Capital in Cairo. Beijing commended the progress of the projects achieved in Egypt, which will benefit future generations. Xiuming also pointed out that through his visit to Cairo, he is better learning on how to benefit from the Belt and Road Initiative, address obstacles, solve problems, and overcome them. America's tariffs threaten global economic security A Professor of Economics at the Institute of Chinese Studies and Chinese Academy of Social Sciences, Xie Yiqing, discussed the issue of tariffs imposed by the US on many countries around the world. China bore the brunt of these unjustified tariffs, which has impacted both the US and China. Despite Washington's 90-day reprieve, China was already impacted within a month. If tariffs are reimposed, it will harm the global economy, with businesses closing and tourism impacted. She explained that China feels responsible and is not against the American government, but warned that Trump's administration is harming the world at a time Beijing seeks to be fair in its decisions. China sees Trump's America as believing that Washington should be the winner above all, while China is working on fair distribution. 'If there is a 'cake,' the US wants to eat it alone, but China wants everyone to eat, regardless of who gets the bigger or smaller piece, but the important thing is that everyone eats and benefits,' she explained. Israel's brutal war harms the global economy An academic and deputy editor-in-chief of the Journal of Social Sciences, Sheng Li, who is interested in the foundations of international trade, said that certain steps lead to the development of the international economy. Although international trade has undergone changes and leaps, there is an optimistic view of international trade, and the evidence for this profitability being achieved. Li however warned that the international economy is negatively impacted by wars, and noted the harm that Israel's war on Gaza and Iran will have on global trade. Yet despite the international conflicts and disputes, optimism in the global economy remains. The benefits of Artificial Intelligence Li explained that in order to develop the global economy, scientific research must be advanced through technological revolution and artificial intelligence in order to promote globalization, which the Belt and Road Initiative is part of. However China will not force anyone to fall under the initiative, and instead it exists to generate profits and provide job opportunities. He called for the importance of long-term scientific cooperation and economic development, which will lead to political stability rather than chaos. Li noted that Beijing is working to embrace AI and harness its potential for greater benefits, as it has already had an impact on everything through research, job creation through innovation, and improved living conditions. The Vice President of the Chinese Academy of Social Sciences in Shanghai, Wu Xiuming, believes that AI is a means, not an end. Through its revolution in this field, it has been able to change everything. At Shanghai University and the Chinese Academy of Social Sciences, transportation research takes at least a week, while the DeepScience AI application has succeeded in completing it in 30 minutes. So it works to shorten the time, and in the midst of the information revolution, it has an impact on energy, electricity, and all jobs. He gave an example of how, in order to advertise a product on the beach, and to work on having a model go, and choosing the appropriate time and circumstances, all estimates indicate that it would take several months to film it, AI has shortened that to just 30 minutes. AI has also made impressive results in the medical field through the analysis and examination of genetic and incurable diseases, and the administration of medications and treatment by entering the medical history of the patient. This means that AI will bring about a strong breakthrough in the diagnosis and treatment of diseases, which will be even more accurate. He continued: 'Within the next three to five years, there will be a comprehensive change in artificial intelligence and the revolution it will bring about. However, it will not eliminate jobs or provide alternatives, nor will it eliminate human labor – rather, they will employ it. Therefore, the outlook is not pessimistic, as it will eliminate real jobs. On the contrary, it will eliminate jobs that are useless and will create major jobs that will benefit the international community.' Combating poverty The Chinese experts in international economics at the Shanghai Academy of Social Sciences emphasized the importance of the Belt and Road Initiative as a step toward a shared future and a path to peace, while also noting China's plans to eradicate poverty. The experts explained that through the academy's research, the concept of 'peaceful development' was emphasized as a Chinese cultural tradition, and that the government is working to combat poverty through self-reliance and hard work. This serves to enhance international cooperation, as history shows that by designing rules, cultural ties, and economic balance, major powers can build a new model of peaceful coexistence, which is what the Chinese Communist Party emphasizes. China's efforts to reduce poverty and achieve common prosperity were emphasized, including prioritizing agriculture, laying the foundation for food security, strengthening targeted poverty reduction to help the rural poor prosper, and promoting rural revitalization through the 'Ten Thousand Villages' project. It is also leading the transformation towards rural modernization, narrowing the 'income gap,' enhancing income distribution, and reforms to reduce social polarization. Experts stressed that poverty reduction remains a common challenge for countries around the world. Since the founding of the People's Republic of China, the Chinese government has launched large-scale and sustained efforts to alleviate poverty, achieving remarkable results. Beijing has succeeded in eliminating poverty for about 100 million people. The Chinese government has put forward a comprehensive vision for China's future development and identified five distinct features along China's path to modernization: livable and vibrant homes, providing several policy measures to boost farmers' income growth, promoting rural work and human rights, developing agricultural production capacity, a new socialist countryside, and issuing decisions on accelerating water reform and development. They pointed out that, according to the National Bureau of Statistics of China, China's total grain production last year reached 707 million tons, an increase of 11.1 million tons over the previous year—a growth of 1.6 percent. This marks the first time that grain production has exceeded the 700 million-ton threshold since then. This has also boosted China's economic recovery and supported high-quality development, and has contributed to the stability of the global food market.
The Star
12-05-2025
- Politics
- The Star
MCA partners with Shanghai-based institute to address youth issues
MCA Public Policy and People's Livelihood Research Advisory committee chairperson Datuk Dr Monna Ong Siew Siew (middle left) shaking hands with Institute of Sociology at the Shanghai Academy of Social Sciences director Professor Li Jun, joined by Malaysia and China delegates during the official visit to the academy. PETALING JAYA: A joint partnership between MCA and a Chinese educational institution will further explore issues and challenges involving youth, says Datuk Dr. Monna Ong Siew Siew. The joint effort with the Institute of Sociology at the Shanghai Academy of Social Sciences would include organising seminars, conferences and forums, along with a five-year research project focused on youth-related issues, added the chairperson of MCA's Public Policy and People's Livelihood Research Advisory committee. Ong said the mutual agreement was signed on Sunday (May 11). 'This agreement marks an essential step in strengthening both institutions' academic collaboration and mutual understanding. 'These initiatives aim to promote dialogue and the sharing of academic knowledge and resources,' she said in a statement on Monday (May 12). Ong said key challenges faced by young people in Malaysia and Southeast Asia in the digital age era were discussed at the International Symposium on the Digital Society and Youth Development. She highlighted that although Malaysia's internet usage rate has reached 96.8%, there remains a more than 30% gap in advanced digital skills between urban and rural students. 'This limits the ability of many youths to compete and succeed in a digital world. 'The digital environment is changing how young people are likely to think and feel, with potential overuse of virtual platforms raising concerns about mental health. 'According to UNICEF, more than half of youths report a clear gap between how they present themselves online and who they are in real life, which can lead to a disconnect that contributes to stress and anxiety,' she added. To address the issues, Ong said a shared vision was reached to build a resilient, fair and forward-thinking digital ecosystem for youth. Among the proposed strategies were making digital citizenship education a standard part of school curricula, teaching students how to evaluate information and use media responsibly and establishing support systems in schools to build mental resilience. This includes 'Digital Mental Health Watchpoints' that use AI tools and mental health indicators to monitor and respond to students' digital habits and well-being. Ong also said that young people should be encouraged to transition from passive consumers to active creators by developing 'community digital learning spaces' to enhance their sense of belonging and creativity. 'There is also a need to strengthen Asean regional collaboration by aligning policies in important areas like cybersecurity and data governance,' she said. Several Malaysian scholars also contributed to the forum, including Associate Professor Dr. Yee Mun Chin from Universiti Tunku Abdul Rahman (UTAR); Associate Professor Dr. Yew Wong Chin from Tunku Abdul Rahman; Sabah MCA Youth state chairman Roger Yapp Kah Chong and Dr Martin Paul Davies, Principal of Henry VIII College Malaysia.
The Age
01-05-2025
- Business
- The Age
Want to visit China without any hassles? Do it on a ship
China's best-known sights, such as the Terracotta Warriors, Forbidden City, most famous bits of the Great Wall and Guilin's superb landscapes, are all inland. Don't be misled into thinking China isn't a cruise destination, however. Think about it, and it should come as no surprise that China's coastline is packed with oodles of history, venerable port towns and pulsating megacities that showcase the nation's mind-boggling economic development, of which Shanghai is the most spectacular. The cruise market in China showed a sharp rebound in 2024. Admittedly, much of that was driven by the domestic cruise market, which the Shanghai Academy of Social Sciences estimates could be worth CNY550 billion ($119 billion) by 2035. Adora Magic City, the first large cruise ship built in China, became profitable within two months of its launch in January 2024, an unheard-of achievement in the business. But what about international cruisers? Well, if you're looking for a worry-free way to see China then you'll find an increasingly wide range of options. International cruise lines are being encouraged to visit China by government policy and infrastructure development, boosted by visa-free entry that was introduced in May 2024 for cruise passengers. Many cruise lines now call at Chinese ports, generally on itineraries between South-East Asia and Japan, or around Japan, South Korea and Taiwan, among them Holland America Line, Oceania Cruises, Princess Cruises, Royal Caribbean, Silversea and Windstar. One of the big players is MSC Cruises, which returned to China in March 2024 after a pandemic-related hiatus. MSC Bellissima homeports in Shanghai.
Sydney Morning Herald
01-05-2025
- Business
- Sydney Morning Herald
Want to visit China without any hassles? Do it on a ship
China's best-known sights, such as the Terracotta Warriors, Forbidden City, most famous bits of the Great Wall and Guilin's superb landscapes, are all inland. Don't be misled into thinking China isn't a cruise destination, however. Think about it, and it should come as no surprise that China's coastline is packed with oodles of history, venerable port towns and pulsating megacities that showcase the nation's mind-boggling economic development, of which Shanghai is the most spectacular. The cruise market in China showed a sharp rebound in 2024. Admittedly, much of that was driven by the domestic cruise market, which the Shanghai Academy of Social Sciences estimates could be worth CNY550 billion ($119 billion) by 2035. Adora Magic City, the first large cruise ship built in China, became profitable within two months of its launch in January 2024, an unheard-of achievement in the business. But what about international cruisers? Well, if you're looking for a worry-free way to see China then you'll find an increasingly wide range of options. International cruise lines are being encouraged to visit China by government policy and infrastructure development, boosted by visa-free entry that was introduced in May 2024 for cruise passengers. Many cruise lines now call at Chinese ports, generally on itineraries between South-East Asia and Japan, or around Japan, South Korea and Taiwan, among them Holland America Line, Oceania Cruises, Princess Cruises, Royal Caribbean, Silversea and Windstar. One of the big players is MSC Cruises, which returned to China in March 2024 after a pandemic-related hiatus. MSC Bellissima homeports in Shanghai.
