Chinese FM reaffirms commitment to multilateralism at UNSC meeting – YouTube Dictation Transcript & Vocabulary

1.get the unmissable newss stories of the day this is the Beijing [Music] hour examining the events that impact and shape China and the rest of the world this is the Beijing Hour 1 hour of news and information brought to you every weekday now here's your host Shane begam Matthew on this Wednesday February 19th 2025 you're listening to the Beijing hour coming to you live from the Chinese capital on today's program I'm presiding over a un security council meeting China's for ministers called for a more fair and Equitable Global governance system us and Russian officials have held talks in Saudi Arabia on the Ukraine issue and bilateral ties enthusiasm in China's private sector is growing after president xiin Ping's address to a symposium in Beijing in business home prices edge up in China's first tier cities in sports football action from the Champions League playoffs in culture and entertainment China's latest animated Blockbuster will extend its stay in theaters now checking the day's top stories Chinese foreign minister Wang e called for upholding multilateralism and accelerating the construction of a more fair and Equitable Global governance system he made the remarks while presiding over at un security council meeting on Tuesday W stressed the importance of upholding the authority of this un institution amid Rising Global challenges the security Council was entrusted with authority and such Authority should be upheld by by all countries any Act of bullying trickery or extortion is a flagrant violation of the basic Norms of international relations any unilateral sanction that circumvent Security Council authorization lacks legal basis defies justification and contradicts Common Sense members cannot just sit by and watch multilateral institutions become dysfunctional and ineffective due to their own failure to cooperate the security Council must rise above narrow-minded geopolitical considerations Champion the spirit of solidarity and cooperation fulfill its duties conferred by the UN Charter and effectively play its role for the maintenance of International Peace and security the senior Diplomat also reiterated China's stance on Regional hotspot issues including the Gaza crisis and the Russia Ukraine conflict Jody Jacobs reports from New York this is one of China's signature debates for the month of February in its capacity as the president of the security Council addressing the 15 member Council on Tuesday China's foreign minister made it clear that multilateralism and international law should be upheld at all costs Tuesday's meeting here in New York comes at a time of significant geopolitical tensions among some major Powers especially following Donald Trump's return to the White House last month already the US president has withdrawn and paused critical Aid to key un agencies Wang HEI says that the time has come to speed up efforts to build a more just just and Equitable Global governance system China's top Diplomat told council members that China continues to advocate for a political settlement in Ukraine and fully supports all efforts conducive to peace talks he also added that Gaza and the West Bank are the homeand of the Palestinian people and should not be used as a bargaining chip in political tradeoffs meanwhile un Secretary General Antonio gutes to called on the security Council to begin playing a more active and unified role in maintaining peace and security while members call for reform and change much will depend on the council's permanent members who hold the veto to enact this change the United States remains critical of the world body and says it is currently conducting a review of its support to the UN and will'll consider whether the actions of the organization are serving American interests and whether it can be reformed that was Jody Jacobs on the Chinese foreign Minister's speech at the un Security Council earlier Shu Jer spoke with Pakistani foreign minister Muhammad isak Dar the official stress the importance of multilateralism echoing the theme of the UN Security Council chaired by China what do you think of the importance nowadays for M well this importance has been need of the time for few particularly for few last years you see and I must complement uh the uh leadership of China particularly my dear friend foreign minister wangi having chosen this uh interesting subject practicing multilateralism and then they are talking of reforming and implementing the system Global community and the global multilateral system should be working together for the peace stability and development of uh everybody and quoting the Chinese uh win-win for everybody uh is name of the uh game that you know we should all be working which is win-win for uh you know every nation every developing country and the developed countries so you know we have to work together it's not easy but I think we can bring a lot of improvement a lot of clarity and a lot of wisdom that was Pakistani foreign minister Muhammad is shakar and for more Jer and Leong spoke with Tong Jen Chun a director of the diplomacy studies Center at Hunan Normal University first of all help us understand the concept of multilateralism since um W actually stressed a lot on this concept tell us what this concept means especially in today's uncertain A bit chaotic world and uh how important is it to maintain Regional peace uh stability and security yeah this is a very important concept for the International Community especially why we are facing a lot of common challenges like climate change like the proliferation of wmd and also the proliferation of terrorism so at this moment the most important thing for the international communi should think about the common challenges we are facing now and second we should have more and more solidarities and cooperations in dealing with these challenges I think un should be the most important platform for us to promoting the multilateralism in dealing with the challenges Mr T wangi also said that the United Nations must rise above narrow-minded geopolitical considerations what is he alluding to here and what is your assessment of the un's role in addressing Regional conflicts especially in the past couple of years at this moment some countries would like to you know adopt a policy just by the geopolitical uh concept by the unilateralism or the protectionism or even you know isolationism this is actually a a very bad or negative step taken by the kind the major powers in the world we should think about the world we are facing now we are living in for example the proliferation of terrorism proliferation of wmd I don't think the world can you know go ahead without the solidarity and the cooperation among major Powers among the member states of United Nations so we should go ahead together not only stop uh policy for example the unilateralism for the own sake because no individual country can deal with the challenges we are facing now including pandemic and including the proliferation of terrorism right and uh all countries should be United uh to face all the challenges you mentioned but it's currently kind of difficult to do that and uh but it's possible for part of uh the countries to unite together for instance Global South and W actually called for upgrading the global South status for a peaceful world how do you see the significance and influence of global South yeah this is actually a good development and very positive development in recent years we have witnessed the global South should be the key you know or key player in the uh maintaining of the peace and the stability or give more and more you know driving forces to the economic development today so I think the global FL countries you know they all have the common interest in this regard and the cooperation or or some other efforts made by the global thousand countries King gave important driving forces to peace and stability not only in some regions but also in our International Community that was Tong janun at Hunan Normal University coming up us and Russian officials meet face to face in Saudi Arabia dive into news like never before with deep dive the podcast from cgtn Radio join our Global reporters for captivating stories and thought-provoking conversations search deep dive on your favorite podcast platforms and get ready to dive in I'm 9 minutes past the hour Russian foreign minister Sergey lavro says Russia will not allow NATO troops in Ukraine he made the remarks after senior Russian and US officials met in Riad on Tuesday they discussed restarting relations and ways to end the Ukraine conflict keev was not invited to the talks though no major breakthrough was reached at the meeting both lavro and US Secretary of State Marco Rubio said the talks have help them better understand each other's positions the conversation I believe was very useful we didn't just listen but we heard each other and I have reason to believe that the American side has become aware of our position I came away today convinced that they are willing to begin to engage in a serious process to determine how and how quickly and through what mechanism can an end be brought to this war whether we can ultimately reach that outcome yes sir hakee has more on the meeting in Saudi Arabia diplomats for Russia and the United States met for more than four hours on Tuesday in Riyad looking for a way to bring the conflict between Russia and Ukraine to an end though no date was set for a US Russian Summit the two teams agreed to establish a mechanism to restore diplomatic and economic relations review sanctions on Russia and appoint a high level delegation to work on a Seas fireing Ukraine Russia insisted it be allowed to keep troops in Ukraine after a ceasefire and repeated calls for not letting Ukraine join the NATO alliance hosting the meetings in Riyad is a Testament of the growing role by Saudi Arabia not just in the region but in global politics no Ukrainian officials were at the one- day talks President Vladimir zilinski said he will not sign any agreement negotiated without Ukrainian involvement that was yaser hakee on the meeting between top Russian and US diplomats in Riad and following the talks in Saudi Arabia US president Donald Trump said he was more confident of a deal to end the Ukraine conflict Trump suggested that he could meet Russian President Vladimir Putin before the end of the month Trump also pushed back against Ukraine's objections to being excluded from the talks while vaguely accusing keev of St in the whole conflict in the first place when they want a seat at the table you could say the people have to wouldn't the people of Ukraine have to say like you know it's been a long time since we've had an election that's not a Russia thing that's something coming from me and coming from many other countries also but today I heard oh well we weren't invited well you've been there for three years you should have ended it three years you should have never started it you could have made a deal tyde comes after Ukraine's leader earlier criticized the US Russia talks and Saudi Arabia for excluding keev saying efforts to end the war must be fair and involve European countries the Ukrainian president did not immediately respond to Trump's comment at the meeting between Russian and US officials or rather as the meeting between the Russian us officials took place in Riad Ukrainian President Vladimir zalinski traveled to anr to meet Turkish president Reep T ardogan the two leaders discussed bilateral ties as well as the future of Ukraine seninsky also decided to postpone his scheduled visit to Saudi Arabia mial bavid has more Ukrainian President Vladimir zelinsky's visit to Turkey coincides with a meeting between Russian and Us delegations in Saudi Arabia analysts say the timing underscores Ukraine's determination to be part of key negotiations about its future while also allowing zalinski to seek stronger security commitments amid ongoing tensions during a joint press conference zalinski stressed that it would accept any outcome of talks that didn't include KV I'm convinced that for Ukraine and for our region for Europe it's critical that any negotiations to end the war are not happening behind the backs of the key parties affected by the Russian aggression zinski insisted that Europe Britain turkey and the us all needed to be included in peace talks and the development of security guarantees meanwhile Turkish president Reb T erogan stated that Washington's diplomatic approach to quickly launch peace negotiations aligned with Ana's priorities he also stressed turkey's eagerness to play a role in the process considering the active diplomacy we have been following for the last 3 years our country will be an ideal host for the upcoming talks between Russia the US and Ukraine the two countries also signed cooperation agreements in the fields of communication and education during the visit Ukrainian president volodimir zalinski postponed his trip to Saudi Arabia on March 10th to avoid what he called coincidences that was Miel bardavid on the Ukrainian president's trip to turke uh turning to the Middle East and Hamas says it'll release the bodies of four Israeli hostages on Thursday while the remaining six hostages still alive will be released on Saturday as the ceasefire continues to hold an assessment by the UN EU and World Bank says rebuilding Gaza will need more than 50 billion US Ramy omagari has the latest from hunis have been reports about ENT of some machineries heavy machineries and some ttin and mobile homes this is a humanitarian crisis that is actually looming uh in the in the near future unless these humanitarian and Aid enter with the cabac city they have been agreed that it has been has been agreed on during the TRU talks between Israel and aass mediated by Egypt and qar recently there have been reports about less truck loads of Aid entering the territory about uh maybe uh less than 200 with compared with the 500 agreed on daily basis still the situation is desperate in terms of the foods and in terms actually of the Reconstruction material of the repair efforts by the local authorities here in Gaza that was Ramy Amari reporting a batch of humanitarian aid from China is on its way to Gaza from Jordan the emergency aid consists of 60,000 food Parcels delivered in six shipments the Chinese Embassy in Jordan and a local charity group have held a ceremony marking the departure of the aid Chinese Ambassador Chen chuandong pledged more support to the Palestinian people in Gaza China as a good friend of the Palestinian people and a responsible major country has provided multiple Badges of Aid to the people of Gaza we will continue to push for the political settlement of the Palestinian question and bring peace and security to the region Secretary General Hussein Shi of the hashimite charity organization Express hope for further cooperation with China we hope the cooperation with China can be the starting point of more future cooperation we help people in the Gaza Strip support them and alleviate the difficulties in their day-to-day lives we try to relieve the severe shortages of grains food shelter relief items and medical supplies May our cooperation continue between Jordan and China the initial shipment includes around 12,000 food Parcels they'll be handed over to the world food program the Palestine red crescent and other charity organizations in Gaza Palestinians say the Gaza Strip is not fit for habitation after 500 Days of devastating war between Israel and Hamas residents in central Gaza say although about a month has passed since the beginning of the ceasefire basic necessities are lacking 500 Days of war no life only destruction displacement from one era to another total Destruction no water no electricity no food nothing everything is destroyed nothing is in Gaza Gaza is not fit for life from October the 7th until now we have not seen any signs of life life has completely disappeared from us Monday Mark the 500th day of the latest war between Israel and Hamas starting from October 7th 2023 the current phase of a tenuous ceasefire is set to expire in early March and it's unclear if the sides will extend it begin negotiations for a more lasting ceasefire or resume fighting the war has caused mass destruction in the Gaza Strip it's destroyed around 250,000 housing units and more than 92% of the main roads it's also forced around 90% of the population of Gaza to flee in the Democratic Republic of the Congo schools in GMA are struggling to restart classes despite an order from the ruling militant group M23 Rebels captured the Strategic eastern city nearly three weeks ago fighting between the group and congales government troops destroyed vital infrastructure halting education at most institutions in the city after speaking with head Masters and students will ker naaba said Local Schools may need more time to recover than previously expected life is slowly returning to the industrial Technical Institute of GMA students are starting to come back a week after M23 arged parents to send their children back to school according to the principal of this large technical school more than half of the students tned up this Monday unlike the previous week it was since last Monday February the 10th that we resumed activities but it started very timidly because in the first day we had 40 or 47 students but until Saturday we were around 300 313 to be exact and today we see that the number has increased the institution is among the oldest schools in GMA responsible for training engineers but it was a casualty of the Risen clashes between the M23 Rebels and the drc's Armed Forces located between GMA airport and Ronda several shells fell on the school buildings during the fighting some classrooms were looted and destroyed there have been negative impacts because there is for example in it where we will go a long time without any practical lessons because there has been damage and some classrooms as you have noticed there are no windows the technical school is one of the few schools in the vicinity that have reopened their doors at the Sunan te School the largest and most prestigious Public School in GMA learning is yet to resume our loss was enormous to the point of being valued at more than $738,000 for the cause to be operational here at home we must at least have achieved more or less than 400 ,000 us to rehabilitate the school at the University of GMA learning appears to be continuing as normal but students still have fears it's the first time to experience that so we are a little traumatized well as they always say everything that has a beginning also has an end it's sure to end one day in the hope that everything will get better with time activity is gradually resuming in parts of G however most bunks are yet to reopen and resume operations that was Will K naaba reporting in the DRC coming up China's private Enterprises are eager to support the country's modernization Drive China has conducted another major asset reshuffle to overhaul its financial sector the Ministry of Finance has transferred all of its controlling stakes in the group of financial companies to Central hene a sovereign fund under the state Council what prompted the reshuffle is it just an asset transfer between different pockets of the central government and to what extent will it help to overhaul the country's financial sector find out on this week's Chat lounge on your favorite podcast platform and cgtn radio at 22 minutes past the hour Chinese president XI jinping's speech at the recent Symposium on private Enterprises has sparked enthusiasm among representatives from various sectors of chin China's economy they're determined to use their Industries and new technological innovations to drive progress and contribute to the prosperity of the country Wong Chan fu is Chairman and president of electric vehicle giant byd he says the Symposium brought a lot of confidence the Symposium on the private economy has strengthened our confidence in the development of the private sector we must follow the words of President XI and focus on real Industries concentrate on our core businesses and dedicate ourselves to using our Industries to contribute to the nation's prosperity and realize the dream of a strong China leay June is Chairman of xiaomi he also felt strong encouragement I am extremely excited and uplifted I deeply feel the concern support and Care the presidency and the Party Central Committee have for private Enterprises and entrepreneurs we are determined to bring the latest Technologies such as AI into our product and enhance the global influence of Chinese made products International companies have also expressed a positive view about the Chinese government support for the private economy Simon Jung's Global CEO of Reese Consulting and he says the confidence and support means a lot to the private economy the Symposium rhetor support for the private economy and put it into the country's fundamental policymaking I think it has given great confidence to private companies which are crucial for China's economic restructuring this Symposium also pointed out that we need high quality development we can see that the entrepreneurs who attended the Symposium are from everywhere including the real economy and the internet it means the country supports the development of various sectors well speaking at the Symposium on private Enterprises earlier this week president she urged more support for the healthy and high quality development of the private economy he also pledged that the party and the country will ensure equality for economic entities under all forms of ownership senior Executives from companies including Huawei byd shami and unitary robotics presented advice on the development of the economy Chinese authorities have pledged more efforts to support private companies after president xiin ping met corporate leaders of the country's major private Enterprises on Monday China's top economic regulator and the ministry of industry and information technology have said they would urge local governments to meet overdue payments to smaller siiz private companies and establish a long-term institution to solve such problems the two departments have also vowed to widen Market access diversify funding channels for private companies uh to ensure that they keep participating in China's major initiatives uh those include key security projects the procurement of new equipment and consumer goods tradein programs Chinese president xiin ping has emphasized the crucial role of the private sector in boosting the country's economy private sector is now increasingly seen as key for rural areas shuin Chen has the story spongy little fungus morale fresh off the ground a grooming treat birthing with health purse this little mushroom is raking in billions to this town in Southwest China morals are typically planted in early winter and harvested in early spring farmers can easily pick 100 to 150 kg of fresh morals a day to put it in perspective a single moral weighs just about 10 G this delicate funy now bring in a wipping 8 billion y over1 billion US doll annually this means higher incomes for locals and more job opportunities now 90% of China's morale trade happens right here I visit one of the Region's earliest Mor cultivators D kin was among the first farmers to introduce morals to Jing [Music] toown fresh morals are dried before they are sold 4 kg of fresh Morel shrink down to half a kilogram of dried fungus these dried morels are then shipped all across China during the peak season such as for Spring Festival we work late into the night preparing orders and ship them out early the next morning danan also notes that morels aren't the only crop they grow they rotate morels with other crops and vegetables allowing for three harvests a year family-owned Farms are the backbone of local moral cultivation the little fungus has also attracted people from across the country to set up warehouses for drying and distribution mostly private [Music] Traders Family Farms and cooperatives play a crucial role in the export of gen morals helping our morals reach both domestic and international markets I witnessed a real TR trade in action two bars from Grand Joe about 1600 km away are sourcing morels here b b is one of the largest wholesalers here originally from neighbor gream Province they saw the potential ining toown and set up the shop the supply chain here is robust with high supply and demand is the largest Distribution Hub in the country without volume how could we sell and Dy morels from here are raging markets worldwide sha believes priv e holds the greatest potential for the country's economic growth even in the primary sector family-owned Mor Farms are leading innovation in cultivation techniques and creating jobs the future is clear there is a strong push to boost added value and establish an exchange system as China forges ahead on its path of modernization the private economy is firmly recognized as a crucial driving force for growth and development that was Shu shinen reporting we're at 28 past the hour Beijing down to minus 4 Wednesday evening sunny skies and plus 4 on Thursday nun's down to seven then moderate rainfall and 8 degrees elsewhere in Asia islamabad's 12 overnight moderate rainfall and 13 on Thursday the Anan down to 20 then sunny skies from 31 pom pens down to 23 overnight that's followed by a slight rain and 33° in Africa narobi is getting cloudy conditions in 33° C it's time for a short break so far this hour pres presiding over a un security council meeting China's foreign ministers called for a more fair and Equitable Global governance system us and Russian officials have held talks in Saudi Arabia on the Ukraine issue and bilateral ties enthusiasm in China's private sector is growing after president xiin Ping's address to a symposium in Beijing Shane bigam with you stay with us here on the Beijing [Music] hour the best military commander is not he who f 100 Battles and wins every one of them the best military strategy does not lead to the desiccation of the enemy's Capital City decoding The Art of War will help you understand why there's no art in war and how since stayed undefeatable using the science of war with fun stories and insightful breakdown of famous battles find decoding The Art of War wherever you listen bash H I'm back I'm back in kol home I love you Betty love remember thank you fate take care what do they truly mean Sasha where did you go fasha FAS embark on a Century long journey with cgtn radio's latest offering Echoes of kulon a gripping Audio Drama Series inspired by real life Tales has anyone heard of a from unexpected encounters to heartfelt reunions immerse yourself in a narrative of love peace and enduring friendship a piece of my lost childhood listen to Echoes of kolam on radio

2.cgtn.com and all major podcast platforms Bing an bing bing an Bing an examining the events that impact and shape China and the rest of the world this this is the Beijing Hour 1 hour of news and information brought to you every weekday now here's your host Shane bigam with you on this Wednesday still to come in business home prices edge up in China's first tier cities in sports football action from the Champions League playoffs and in culture and entertainment China's latest animated Blockbuster will extend its stay in theaters to contact us you can email radio at cgtn.com or follow our X account at cgtn radio but now check the day's Headline News Chinese foreign minister Wong e emphasized multilateralism at a meeting on peace and security at the United Nations security Council the Diplomat chaired a ministerial level open debate under China's presidency of the council it focused on pressing Global challenges such as conflicts climate change and economic inequalities wangi reiterated the two-state solution to bring peace to Gaza and the Middle East a Chinese foreign Ministry spokesperson says the country will continue to work with the International Community to help ease the humanitarian crisis in Gaza and Achieve long-term peace and stability in the Middle East guun made the remarks after China sent a new batch of humanitarian Aid to Gaza through Jordan he adds that the two-state solution must be upheld to achieve peaceful coexistence between Palestine and Israel China's delivering 60,000 food Parcels to Gaza in six shipments the first shipment includes 12,000 Parcels it departed from Jordan on Tuesday China's education Ministries announced the timetable for this year's National college entrance exam also known as the gaow the exam will be on June 7th and 8th the annual exam is one of the most important for Chinese students as College admission in the country relies primarily on its results over 13 million students across the country registered for the exam last year US president Donald Trump says he'll probably meet his Russian counterpart Vladimir Putin this month Trump also dismissed Ukraine's concerns about being left out of the US Russian talks in Saudi Arabia on ending the Russia Ukraine conflict he says Ukraine could have made a deal with Russia three years ago the president adds that he'll not oppose the stationing of European peacekeeping troops in Ukraine but the US will not participate Russian foreign minister Sergey lavro says Moscow will not allow NATO troops in Ukraine lavro discussed ways to end the conflict in Ukraine and improve relations with the US Secretary of State Marco Rubio the meeting in Riad was the first face-to-face interaction between senior officials from Russia and the us since fighting began in Ukraine three years ago both diplomats spoke positively about the talks Ukraine and European countries were not present at the meeting Ukrainian President Vladimir zalinsky said he'll not accept any outcomes and he's postponed a visit to Saudi Arabia Hamas says it'll release six living Israeli hostages and hand over the bodies of four others the group doubled the number of captives in exchange for Israel allowing mobile homes and construction equipment into Gaza aass spokesperson rejected Israel's demands for them to leave Gaza Israeli media says that prime minister Benjamin Netanyahu has agreed to begin negotiations for the second phase of a ceasefire deal fighting in Sudan is leading to widespread human rights violations and abuses a recent un report shows it includes attacks on densely populated areas and deliberate targeting of Health Facilities UN Human Rights office spokesperson Ravina sham desani says the situation needs great Improvement continued and deliberate attacks on civilians and civilian objects as well as summary executions sexual violence and other violations and abuses underscore the utter failure by both parties to respect the rules and principles of international humanitarian and human rights law un official says local people are facing severe food insecurity since April 2023 when the conflict began it has triggered the world's largest displacement crisis and an unprecedented food security situation with half the population facing acute food insecurity and famine conditions confirmed in at least five locations conflict in Sudan started almost two years ago when tensions between the leaders of the military and the rapid support forces exploded into open fighting in carum and other cities across the African country the conflict is killed more than 28,000 people and forced Millions to flee their homes former Brazilian president Jer banaro has been charged for allegedly plotting a coup to overturn his loss in the 2022 election the charges filed on Tuesday come after a 2-year police investigation prosecutors accused balcaro in his running mate with leading a criminal organization that aim to overthrow Brazil's 40-year-old democracy bolsonaro supporters staged riots in early 2023 a week after president Louise Ino Lula D Silva took office the former presidents denied any wrongdoing meantime 34 others were also charged in the plot including several top military officials Mr Shane bigam in the Chinese Capital coming up in business home prices edge up in China's first tier cities the Beijing hour your window on China and the rest of the world 36 pass now with business here's wahun thank you sh chain stock markets on the Chinese Mainland closed higher on Wednesday the Shanghai composite was up over 0.8% while the Shenzhen component gained nearly 1 and a half% the equipment and the home appliance sectors were among the top gainers elsewhere in China the Hong Kong stock market ended lower for the day with the hangang index dipping over a ten of 1% in neighboring Japan the Nik stock index shared nearly 0.3% official data shows home pric in first TI Chinese cities continue to increase on a monthly basis in January in the four first TI Chinese cities including Beijing and Shanghai prices of new and secondhand homes went each went up by 0.1% in the second tier cities prices of new homes mark their first increase since June 2023 Rising by a tenth of a percent from the previous month prices of secondhand homes dipped by 0.3% for more micro W spoke with Chen jahu the chief investment officer at no rcade Technologies first tier cities on average seeing continued month- on-month price increases for new properties while second and third tier cities seeing a slight overall decline what's your overall take on where China's real estate market stood in January well for the property Market I think we have got a few Trends to monitor the first is that the price seems to stabilize on overall extent um there is hardly much sign for an overall price increase in at the moment but at least less people are now concerned about another round of price dropping and for the people who buys their properties there are many Financial factors that they are considering and which first of all include the comparison of property price and rent and in recent years with the dropping of overall property price buying a home is now much more worthy at least one compared with a few years ago another factor is that people are considering the mortgage burden after they buy the home as China has reduced the overall mortgage rate for home buyers this financial burden has also been reduced so we're now seeing more buyers for properties compared with one year ago right so you're alluding to this uh in terms of liquidity and transaction volumes jaku because it's one thing to look at the price signal for the market but what have you seen and heard on the ground when it comes to property transactions and the overall liquidity in China's real estate market right now yes with the stabilizing of price in the recent few months the trading volume seems to be rising in many cities I have asked some property Sellers and agencies regarding how easy it is to sell the properties or how hard it is and recently there seems to be a rising trading volume which means with the same price it is much easier to conduct the trade but they also said it is not a good idea yet to raise the pricing trades and you know in property Market a trade can take a few months time so it is not always a price that matters but the trading volume of the market matters as well and it seems that in both of firsthand and secondhand property markets the sentiment seems to be improving uh my friends from n said that now you you can close a deal in about two months time but back one year ago it will take much longer even a certain degree of price dropping so the liquidity of the property Market is certainly increasing at this very moment right then J what's your overall take on the policy feed through to the real estate market so far what else will you be looking out for in the first half of the year in the coming months to better assess the stabilization of China's property sector well in this round of property market movement many policies have been set for the property Market include things like reducing the mortgage rate reducing the down payment which aim at reducing the financial burn of home buyas uh the policy that aims at ensuring the delivery of properties which stabilized the housing market also there has been the wide list for developers which improve improved the Financial Health of these companies and these measures have worked effectively towards China's property market and we have seen that with the price being stabilized in recent months there has been a rising with trading volum and the real estate developers are now much more stable and healthy regarding their financial status and the burden carried by the financial system is also reduced that was Chief investment officer chenju at novm arcade Technologies on China's property Market China's real estate market has seen robust recovery in the opening weeks of 2025 the transaction volume has steadily climbed with housing prices beginning to stabilize the momentum comes on the heels of a series of government policy measures aimed at revitalizing the sector Olivia H tells us more since the beginning of 2025 China's first tier cities have shown unexpected resilience in their real estate markets January resale home transactions in Beijing jumped 97% compared to the previous year with Shanghai guango and shenen also indicating strong recovery signals sh Wango saw a 57% year-on-year increase in new home sales in January new home transactions in Shanghai reached 500,000 square meters a 29% daily average increase Shenzhen also reported growth in both new and resale home markets second tier cities like chungu Nanjing nanang and weno are experiencing heightened Market activity showing a nationwide increase in real estate demand real estate activity unexpectedly surged during a Spring Festival typically a slow period due to strong Pol support and developer promotions local governments have lowered down payment ratios eased purchase restrictions and offered housing subsidies to reduce barriers to home buying developers attracted buyers with holiday promotions including discounts and whed fees policy adjustments have significantly impacted Market activity in Beijing new home sales reached 720 units during the first weekend after policy changes a 240% increase compared compared to the previous weekend highlighting the powerful influence of policy shifts experts predict continued real estate market recovery as policies take effect and market conditions stabilize contributing to China's economic stability and enhancing residence quality of life that was Olivia H reporting locals in gu Joo are transforming agricultural products into Global Commodities breathing new life into rural economies in the landlocked province in the southwest a rural food factory in sinan County Chun out over 100,000 boxes of fiery sweet potato noodles every day last year thanks to crossborder e-commerce platforms like Alibaba and jd.com many overseas consumers including those from Saudi Arabia were able to buy the products the manager of the company says the aim they aim to double overseas sales to2 million US dollar this year with a focus on the markets of Southeast Asia in 2023 sunam become one of the great one of guo's first pilot counties to develop rural foreign trade to date the province's exports have surged a past 200 million y or around $28 million us guo aims to have 500 Enterprises engaged in rural exports this year adding 5 billion yen to annual export Revenue in the sector the local government of lyang in central China has been helping private Enterprises to expand into overseas Market kits City officials are enabling manufacturers of specialized farming Machinery to power their way onto the international arena loang in Hunan Province is home to some of the country's leading agricultural Machinery companies many overseas buyers are Keen to place orders in the city in recent years local authorities have been exploiting the city's advantages in competitive sectors such as the production of machine components to help more companies boost their domestic and foreign trade shiring from the shinan economic and technological development Zone says they have been taking steps to achieve that go we've been facilitating cooperation between Enterprises and academies to help firms reduce costs increase efficiency and enhance scitech Innovation capacity in addition we have organized companies to actively participate in exhibitions at home and abroad meanwhile while we also invited foreign Enterprises to visit our industrial park for further consultations data shows that China's export total nearly $3.6 trillion Us in 2024 up almost 6% private Enterprises contributed over to $2.3 trillion us making up more than 64% of the total the first group of tourists to enjoy China's new Visa free policy has arrived in shiong b they can stay for up to 6 days in the southwestern prefecture after China waved visa requirements for tourist groups from Asian member countries the 15 travelers from Thailand and La were greeted with a water splashing ceremony outside the shishang B station on the China La Railway China's finance ministry has issued this year's first batch of remmi dominated a denominated treasury bones in Hong Kong the scale of the bones has reached a 12 and a half billion yen were around $ 1.7 billion US the ISU WIS includes 3 and2 billion yen of twoyear bonds 3 billion of three-year bonds and 3 billion of 5year bonds so far the ministry has issued over 360 billion yen in treasury Bonds in Hong Kong the move aims to help improve the regular ISU and system of remb denominated Treasury bonds and further strengthen Hong Kong status as an International Financial Center China has activated a groundbreaking underwater intelligent computer cluster in hyan the new data module off the coast of the southernmost Province marks a significant lead for forward in sustainable high performance Computing it has established connection with an existing underwater data center launched in 2023 the newly installed facility is capable of housing over 400 high performance servers with this new facility in place the class now delivers computing power equivalent to 30,000 high-end gaming PCs processing a Year's worth of calculations for an average computer in just one second the cluster supports AI applications requiring massive data processing it enables deep seeks AI assistant to handle 7,000 queries per second the system uses sea water as a natural coolant significantly at cutting energy consumption compared to landbased centers thank you very much that was wung with business you're listening to the Beijing hour coming up in sports football action from the Champions League playoffs Sideline Story brings you all things sports related the hottest topics latest events juiciest stories all with a very personal take subscribe to Sideline Story podcast for heated Sports discussions covering events that are happening in China and around the world 48 pass the hour now turning to sports and here's yangang thank you Shane we begin with football I found so Davis last minute equalizer has earned Bayern Munich a 3-2 aggregate victory over Celtic in Tuesday's Champions League playoff Bayern ented the match with a 2-1 lead from the first leg the Scottish Champions looked sad to take their playoff tie into an extra time after Nicholas K had put them head at aliens Arena to level the tie at 2 however Bayern piled down pressure in town for an equalizer in in the final minute of Ed time caspers Michael Claude way Leon gisa's header only for Davis to scramble home the rebound from close range for Bayern the result sends Bayern through to last 16 with Celtic eliminated from the competition Bayern Striker Harry Kane was taken off the pitch at halim head coach Vincent company said Kane gave the thumbs up Tuesday morning before the CTIC match is an experienced player it's an important game so we obviously fully trust his judgment um but then during the game he felt like he was he wasn't able to fully help the team anymore and in that moment of course we we uh we didn't want to uh take the extra risk um how long it's going to be if he's injured or not I don't have enough information right now other than um he couldn't continue for the second half meantime Celtic manager Brandon Rogers said he took immense pride in the match as the guys had given everything they had well let you say a mixture of firstly pride in the performance level we have to remember this is Bayern Munich and I think everyone had talked about that before the game and the challenges that we have here but I thought performance- wise we were we were outstanding in the game play without any fear also on Tuesday Fair nor Drew one all with AC Milan and advanc to the next round with a 2-1 win overall Club Brugge eliminated Atlanta and benf outclass Monaco on Wednesday Real Madrid hosts Manchester City real one first L 3-2 last week last week in England Juventus faces PSV in Hoven in the second lag the serria team won 2-1 in Turing last week Paris sjain will be at home Against Breast PSG took home a threee win in the first L bruan dortman faces Sporting Lisbon with a 3-nil away Victory the final draw of this current Champions League season will be held on Friday in newon Switzerland in Asian football Salo minero scored a hattrick as shanhai shanan handed 10 man Vis Kobe a 4-2 defeat on Tuesday the victory at shanhai Stadium moves Shan shinua on to 10 points in into the qualifying places of the EFC Champions League Elite Australia AED China 2-1 in shenen on Tuesday to top group a of the u20 AFC cup the two teams already secured spots in the final eight following wins in their first two matches having won all three matches Australia will play the group b runner up in the quarterfinal China will face the group b winner in basketball former Australian Captain Andrew gase has welcomed Carrie Irving's bit to switch allegiance to Australia Dallas mck's point guard Irving was born in melbour but represented the United States at the 2016 real Olympics Irving said this week he was in the process of making the switch and finding out the best route to become eligible gay said the 32y old would be a welcome addition to the Boomer squads that could boast NBA players Dyson Daniels and George Giddy and the 2028 Olympics in Los Angeles irin considered playing for Australia the 2012 London Olympics but decided to focus on earning a spot on the Team USA roster for 2016 the switch would need to be approved by global governing body feba along with Australia and the United United States Australia was knocked out the quarterfinals at Paris Olympics after taking Browns at the Tokyo games in tennis M bartini has dumped Novak jovic out of the ATP 500 carar open in Doha in his first career victory over the former world number one in five attempts the 28-year old Italian struck 19 fullhand winners and won 85% of points on his first serve in a 76 62 Triumph the last eight 95 minutes two-time Champion jovic was making his first appearance in a singles match since he retired from his Australian Open semi-final against Alexander zv with hamstra injury in the second round at newly upgraded tournament bartini will face Talon gbow of the Netherlands who beat him in the first round in Rotterdam earlier this month tenage tennis sensation rural fan Seca frustrated his home fans and real open in the first round loss on Tuesday two days after winning his first ATP title fona lost 6176 to number 60 ranked Alexander Müller of France making 34 unforced errors and appearing to be exhausted during the match the 18-year-old Brazilian won his first career title at the elite level at Argentina open on Sunday Mulla will meet Argentina's thas Martin at in the next round also in ra German top seed alexand Sev Ted more than two hours to get past his Chinese opponent B chor 7664 CF will face CeX T Alexander shf Chinko in the next round and finally McLaren driver Lon nari says his team will aim for the drivers and the constructors championships in the upcoming formula one season after clinching the letter in 2024 after last year I think uh we kind of have no excuses I guess um in the past we've had our our fair share but um honest and and um and true excuses I think this year we kind of don't have any we have nothing to hide behind we proved last year we have everything we need and everything it takes to to fight at the top and and be the best if we are not at the beginning of the Season then we've we're just not not good enough and we've not done a good enough job but that's certainly not how we're we're thinking of things it's not how our mentality has been naris was speaking before a new live show launch in the 2025 season all 20 Formula 1 drivers and 10 teams gathered in London for the occasion all right thank you very much that was yangang with sports coming up in culture and entertainment China's latest animated Blockbuster will extend its stay in [Music] theaters ever wondered what's actually going on in Africa through the perspective of an African how are things really going between China and Africa what's The Narrative of this relationship well get a perspective with China Africa talk hear from African diplomats entrepreneurs academics Chinese Natives and more get on our wavelength every week to find out what's real with China Africa talk find us on your favorite podcast we'll see you [Music] there F4 pass the hour turning to culture and entertainment Chinese animated Blockbuster nud 2 will extend screenings until March 30th since its release on the Chinese Mainland during the Chinese New Year the film's worldwide earnings have surpassed 12.3 billion euan more than $ 1.7 billion US uh this figure positions the film ahead of inside out 2 making it the highest grossing animated film globally the Blockbuster premiered in Hong Kong on Tuesday night and is having a fully open open schedule on Saturday Hong Kong residents have welcomed the movie's upcoming release we are very happy that nju is being screened in Hong Kong we know that this movie promotes Chinese culture and fully reflects cultural and National confidence we look forward to more excellent domestic films being screened in Hong Kong a lot of people have been asking us since Spring Festival when n 2 could come to Hong Kong this Grand Premiere allows audiences in Hong Kong to finally enjoy the movie major Chinese or Major Cinema change will coordinate film scheduling to bring Hong Kong and maau audiences the movie the film is already opened in overseas markets such as Australia New Zealand and North America where it's received critical Acclaim the ancient Chinese Legend of ha Mulan has entered the digital age as an ambassador of a historical city in North China for cultural and tourism promotion H was a warrior Maiden in a classic folk ballad who disguised herself as a man to take her father's place in the Army uh dong in shanshi Province and jonga Book Company jointly unveiled a digital representation modeled after the iconic heroin in the official promotional video Mulan is depicted in helmet and armor wielding a sword and standing proudly in front of the renowned yunong Gros in datong the tale of Mulan dates back over 1500 years to China's Northern way Dynasty when datong then known as ping Chong served as the Dynasty's Capital Richard linklater's star musical biopic blue moon has had its World premiere at the Berlin Film Festival where it's competing for the top prize link later walk the red carpet with the Stars Ethan Hawk market qually and Andrew SC Andrew Scott rather he said he was thrilled to finally cast qual in a project of his oh yeah she's wonderful I I love her she's so smart she pushes herself so hard I don't know what a great collaborator I I've known her for about 10 years and I couldn't wait I was really couldn't wait to work with her so I'm glad it worked out as a part of a Broadway songwriting team Hart wrote Classics such as Blue Moon My Funny Valentine and the lady is a Scott plays Hearts composing partner Richard Rogers quality stars as El Elizabeth Wayland a 20-year-old Yale student that Hart introduces as his Protegé the 75th Berlin International Film Festival runs through Sunday and China's named six archaeological sites as the top new discoveries in 2024 among the honores is the dad dong p IC site in Gin Province it's the largest and most culturally Rich upper Paleolithic Discovery in Northeast Asia uh the shatong Neolithic site in ja Jang is also on the list it's crucial evidence of China's cultural history at 58 past the hour Beijing down to minus 4 Wednesday evening sunny skies and plus4 on Thursday nong's down to seven then moderate rainfall and 8 tomorrow elsewhere in Asia islab bads at 12 overnight moderate rainfall and 13 on Thursday vian's down to 20 and then sunny skies in 31 but on pens at 23 this evening that's followed by a slight rainfall in 33 in Africa Nairobi will'll be cloudy and 33° on Thursday compal us down to 21° then a slight rainfall and 28 Juba is down to 26 then overcast conditions and 41° C that's it for this edition of The Beijing hour making news today uh presiding over a un security council meeting China's foreign ministers call for a more fair an equitable Global governance system and us and Russian officials have held talks in Saudi Arabia on the Ukraine issue and bilateral Ties on behalf of the staff this is Shane bigam in the Chinese Capital hoping you'll join us for the next edition of The Beijing hour and open a window to the world together take away Chinese where you can take some Chinese away and experience progress day by day take away Chinese we will promise you a difference [Music] hello everybody Welcome to Round Table coming to you live from Beijing from Beijing Round Table Round Table Round Table connecting China and the world we bring you fun and timely discussions about what's affecting our lives everywhere every day tune in to Round Table where the east meets the west and understanding is the goal from north to south east to west people in China are chasing their dreams and leaving their Mark want to know how they beat the odds and made a difference Footprints brings you the true life stories of their Journeys [Music]