Li Qiang: Economic Development Remains China's 'Central Task' - Invoking Zou Taofen’s 'Patriotic Spirit' for Journalists - Wang Jiang on Financial Sector Policy Direction
Hi folks,
Before I get to today’s edition, I’d like to share that I’ll be visiting Singapore next week, from November 10-14. It would be great to meet subscribers and like-minded people while there. Do please reach out to me if you’d like to catch-up for a coffee or something.
Cheers,
Manoj
Here are the key reports and articles from the People’s Daily’s edition on Thursday, November 6, 2025.
Page 1: There’s a report on Xi Jinping exchanging congratulatory messages with Fijian President Ratu Naiqama Lalabalavu to mark the 50th anniversary of bilateral ties. Xinhua says:
“In the message, Xi noted that Fiji is the first Pacific island country to establish diplomatic relations with the People’s Republic of China. He added that since the establishment of diplomatic ties half a century ago, the two countries have always respected each other, treated each other as equals and pursued win-win cooperation, supporting each other in pursuing development paths suited to their respective national conditions, regardless of changes in the international landscape. In recent years, both sides have achieved fruitful results in jointly advancing high-quality Belt and Road cooperation, bringing benefits to their peoples, and making the friendship between the two nations ever more heartfelt, Xi said. Xi emphasized that he attaches great importance to the development of China-Fiji relations and stands ready to work with President Lalabalavu to take the 50th anniversary of diplomatic ties as an opportunity to strengthen political mutual trust, expand cooperation across various fields, and elevate the China-Fiji comprehensive strategic partnership to a higher level.”
Next, there’s a report (English report) on Ding Xuexiang’s visit to Uruguay. The report covers Ding’s meeting with Uruguayan President Yamandu Orsi and Vice President Carolina Cosse.
As per the report, Ding told Orsi that “China is willing to work with Uruguay, under the strategic guidance of the two heads of state, to continue the traditional friendship, continuously enrich the connotation of the China-Uruguay comprehensive strategic partnership, and make greater contributions to world peace and development.”
Ding said that China-Uruguay ties had become “a model of unity and cooperation between countries of different sizes, systems and cultures…He said that the two sides should continue to consolidate political mutual trust, promote friendly exchanges between the two governments, political parties, legislatures and local authorities, strengthen exchanges on governance experience, and consolidate the positive momentum in bilateral relations. Ding emphasized the need to keep enhancing practical cooperation, strengthen collaboration in such areas as economy and trade, finance, agriculture and animal husbandry, and infrastructure construction within the framework of high-quality Belt and Road cooperation, and accelerate the cultivation of new growth areas in information and communications, artificial intelligence, and the digital economy. He called for deepening people-to-people and cultural exchanges, expanding cooperation in education, sports, think tanks, youth and local affairs to enhance mutual understanding and solidifying the foundation of public support. He also stressed the importance of further strengthening multilateral cooperation, advancing the implementation of the Global Development Initiative, the Global Security Initiative, the Global Civilization Initiative, and the Global Governance Initiative proposed by China, and firmly safeguarding multilateralism as well as international fairness and justice.”
As per the report, apart from wanting deeper BRI engagement, Orsi said that “Uruguay agrees with and welcomes the major concepts and initiatives put forward by Xi, and stands ready to strengthen communication and coordination with China to uphold a free and open international trading system and multilateralism.”
Deals related to economic and technological cooperation and customs cooperation were inked during the visit.
In his meeting with Carolina Cosse, Ding said that:
“China appreciates Uruguay’s long-term, firm adherence to the one-China principle and believes that both sides will continue to firmly support each other on issues concerning their respective core interests and major concerns. Noting that the Chinese and Uruguayan economies are highly complementary and have great potential for cooperation, Ding said that the two sides should continuously expand investment and economic and trade cooperation. China is willing to import more high-quality agricultural and animal husbandry products from Uruguay that meet market demands, while encouraging more Chinese-funded institutions to invest in Uruguay, Ding said, expressing hope that Uruguay will provide a favorable business environment for Chinese enterprises. He said that the two sides should fully tap their potential, promote green technology and industrial cooperation to deepen and become more practical, and jointly create new growth points for practical cooperation. Ding said China has always viewed its relations with Latin American and Caribbean countries from a strategic height and a long-term perspective, adding that China stands ready to work with Uruguay and other Latin American countries to implement the five programs, ranging from solidarity, development and civilization to peace and people-to-people connectivity, jointly seek development and rejuvenation, and build a China-Latin America community with a shared future.”
Next, there’s a report on Li Qiang’s remarks at the opening of the CIIE. The report says:
“Li Qiang pointed out that the reason the CIIE has been increasingly successful is largely because it adheres to the principle of ‘seeking shared benefits with the world’. In contrast, some unilateralist and protectionist actions in the international arena are severely impacting the international economic and trade order and disrupting the global economy. What kind of value concepts should be upheld in international economic and trade activities has increasingly become an important and practical question. 李强指出，进博会越办越好，很重要的是因为坚持“与天下同利”。反观当前国际上一些单边主义、保护主义的行为，严重冲击国际经贸秩序，扰乱世界经济运行。在国际经贸活动中应当秉持什么样的价值理念，越来越成为重要而现实的问题.
Li then made three points:
“First, uphold equality and mutual benefit to strengthen the legitimate foundation of common interests. The slower the global economy develops and the more intensified international disputes become, the more we must adhere to equal and mutually beneficial cooperation, embrace free trade, and promote the resolution of contradictions and problems through joint development.
Second, always uphold morality and earnestly safeguard international fairness and justice. The destinies of all countries in the world today are closely intertwined; we should balance righteousness and interests, work together, and help each other.
Third, promote governance reform and improve the system of international economic and trade rules. China is willing to work with all parties to actively promote the implementation of GGI in the international economic and trade field and reform and improve the multilateral trading system with the WTO at its core.”
李强同大家分享3点看法：一是坚持平等互利，夯实正当的共同利益基础。越是世界经济发展放缓、国际纷争加剧，越要坚持平等互利合作、拥抱自由贸易，在携手发展中推动化解矛盾和问题。二是始终坚守道义，切实维护国际公平正义。当今世界各国命运紧密相连，应当义利兼顾、同舟共济、守望相助。三是推进治理改革，完善国际经贸规则体系。中方愿同各方积极推动全球治理倡议在国际经贸领域落地实践，改革完善以世贸组织为核心的多边贸易体制。
The report adds:
“Li Qiang stated that the Fourth Plenary Session of the 20th CPC Central Committee deliberated and adopted the Proposal for the 15th FYP, injecting greater certainty into China’s economic and social development in the coming period. This can be summarised in two aspects: First, certainty in development. China will adhere to taking economic development as its central task, focus its efforts on advancing high-quality development, and make new and important contributions to global economic growth. Second, certainty in openness. China will unswervingly promote high-level opening-up, steadily expand institutional opening-up, and advance the construction of comprehensive pilot and demonstration projects for the expansion of opening-up in the service sector. A China that is continuously moving toward modernisation will surely inject more stability and positive energy into the world.” 李强表示，中共二十届四中全会审议通过了“十五五”规划建议，为今后一个时期的中国经济社会发展注入了更多确定性。集中起来有两个方面：一是发展的确定性。中国将坚持以经济建设为中心，集中力量推进高质量发展，将为全球经济增长作出新的重要贡献。二是开放的确定性。中国将坚定不移推进高水平对外开放，稳步扩大制度型开放，推进服务业扩大开放综合试点示范建设。一个不断走向现代化的中国，必将为世界注入更多稳定性和正能量.
Page 2: There’s a report on Li Shulei’s remarks at a seminar to commemorate the 130th anniversary of the birth of Zou Taofen (1895-1944). The report says:
“Participants agreed that Comrade Zou Taofen was an outstanding cultural warrior, a great patriot, and an outstanding publisher, and journalist in modern Chinese history, embodying the noble character of advanced Chinese intellectuals and representing the cultural image of the Chinese Communists. It is necessary to learn from Comrade Zou Taofen’s patriotic devotion of exhausting himself for national affairs and serving the country through his pen; his steadfast aspiration to pursue progress and move towards a brighter future; his selfless spirit of serving the people; and his creative talent in promoting culture, spreading knowledge, and forging ahead, thereby contributing strength to comprehensively advancing the great cause of building a strong nation and realising national rejuvenation through Chinese-style modernisation. 与会人员认为，邹韬奋同志是我国现代史上卓越的文化战士、伟大的爱国者、杰出的出版家和新闻记者，体现了中国先进知识分子的崇高风范，代表着中国共产党人的文化形象。要学习邹韬奋同志尽瘁国事、以笔报国的爱国赤诚，追求进步、心向光明的笃信之志，大公无我、服务大众的人民情怀，弘文传道、开拓进取的创造之才，为以中国式现代化全面推进强国建设、民族复兴伟业贡献力量.
Participants expressed their commitment to thoroughly studying and practicing Xi Jinping Thought on Culture, implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, carrying forward fine traditions, promoting innovation while upholding fundamental principles, and contributing to the construction of a culturally strong nation through high-quality development of news and publishing work. It is necessary to shoulder historical responsibility, strengthen the mainstream culture of the new era, uphold cultural aspirations, and diligently build first-class brands. It is necessary to seize the opportunities presented by information technology and deepen reform and innovation in the news and publishing industry. Furthermore, it is necessary to focus on people, build a high-level talent pool, and strive to create a new culture belonging to our era with outstanding achievements. 与会人员表示，要深入学习实践习近平文化思想，贯彻落实党的二十届四中全会精神，发扬优良传统，推进守正创新，以新闻出版工作高质量发展助力文化强国建设。要担当历史责任，壮大新时代的主流文化。要坚守文化志向，潜心打造一流品牌。要把握信息化机遇，深化新闻出版业改革创新。要坚持目中有人，建设高水平人才队伍，以一流业绩努力创造属于我们这个时代的新文化.
The other report that is useful is an interview with Wang Jiang, deputy director of the Office of the Central Financial Services Commission. The first question deals with the idea of building a financial powerhouse.
“In October 2023, General Secretary Xi Jinping first clearly proposed the grand goal of accelerating the construction of a financial power at the Central Financial Work Conference. In January 2024, at the opening ceremony of the seminar for principal leading cadres at the provincial and ministerial levels on promoting high-quality financial development, he gave a comprehensive and systematic exposition on the scientific connotation and objectives of building a financial power. The Fourth Plenary Session of the 20th CPC Central Committee made strategic deployments for accelerating the construction of a financial power during the 15th FYP period. This is a magnificent blueprint drawn by the CPC Central Committee with Comrade Xi Jinping at its core for the development of China’s financial cause, which has significant and far-reaching guiding significance for doing a good job in financial work in the new era and on the new journey.”
He then makes three points:
First, accelerating the construction of a strong financial nation is an inevitable requirement for building a modern socialist country in all respects. A modern, powerful nation is necessarily a strong financial nation, and the construction of a modern socialist country cannot be separated from the key support of a robust financial system. At the same time, the building of a strong financial nation is not something isolated; it must always be rooted in and serve a high-level socialist market economy. Only in this way can this grand goal be realised in the great process of advancing Chinese-style modernisation. 第一，加快建设金融强国是全面建成社会主义现代化强国的必然要求。现代化强国必然是金融强国，社会主义现代化强国建设离不开强大金融体系的关键支撑。同时，金融强国建设又不是孤立的，必须始终扎根和服务于高水平社会主义市场经济，才能在推进中国式现代化的伟大进程中实现这一宏伟目标.
Second, accelerating the construction of a strong financial nation is an inevitable requirement for promoting high-quality development. To successfully achieve the key strategic tasks of the 15th FYP, the financial sector must further increase its support for major strategies, key areas, and weak links. For example, to accelerate high-level technological self-reliance, it is necessary to accelerate the construction of a science and technology finance system to provide full-lifecycle, full-chain financial services for technological innovation. To solidly promote common prosperity for all the people, it is necessary to introduce more solid and effective financial support measures in areas such as optimising the regional economic layout, promoting coordinated regional development, consolidating and expanding the achievements of poverty alleviation, and promoting the comprehensive revitalisation of rural areas. 第二，加快建设金融强国是推动高质量发展的必然要求。顺利实现“十五五”各项重点战略任务，金融要进一步加大对重大战略、重点领域和薄弱环节的支持力度。例如，为加快高水平科技自立自强，必须加快构建科技金融体制，为科技创新提供全生命周期、全链条的金融服务。扎实推进全体人民共同富裕，必须在优化区域经济布局、促进区域协调发展、巩固拓展脱贫攻坚成果、推进乡村全面振兴等方面出台更多扎实有效的金融支持措施等.
Third, accelerating the construction of a strong financial nation is an inevitable requirement for coordinating development and security. During the 15th FYP period, the risks and challenges facing China’s financial sector will remain complex and severe. To continue writing new chapters in the ‘two miracles’ on the new journey, we must unswervingly focus on managing our own affairs well, enhance the overall strength, international competitiveness, and risk resistance of the financial sector, and promote a virtuous cycle of high-quality financial development and high-level security. 第三，加快建设金融强国是统筹发展和安全的必然要求。“十五五”时期我国金融领域面临的风险挑战仍将复杂严峻。要在新征程上不断续写“两大奇迹”新篇章，必须坚定不移办好自己的事，增强金融整体实力、国际竞争力和抗风险能力，促进金融高质量发展和高水平安全良性互动。
In response to the second question, Wang argues that “building a strong financial nation requires six key core financial elements: a strong currency, a strong central bank, strong financial institutions, a strong international financial center, strong financial regulation, and a strong financial talent pool.” 建设金融强国，必须具备六大关键核心金融要素，包括强大的货币、强大的中央银行、强大的金融机构、强大的国际金融中心、强大的金融监管、强大的金融人才队伍...
He adds: “It is essential to follow a path of financial development with Chinese characteristics, continuously promoting innovation in financial theory, practice, and systems. It is imperative to accelerate the construction of a modern financial system with Chinese characteristics, forming a scientific and sound financial regulation system; a reasonably structured financial market system; a collaborative financial institution system; a complete and effective financial regulatory system; a diversified and professional financial product and service system; and an independent, controllable, safe, and efficient financial infrastructure system, while emphasising the balance and coordination among these systems. It is crucial to cultivate and promote a financial culture with Chinese characteristics, adhering to honesty and keeping one’s word, never crossing the bottom line; seeking profit through righteousness, not being fixated solely on profit; being steady and prudent, not eager for quick success and instant benefit; upholding integrity while pursuing innovation, not forsaking the real for the hollow; acting in accordance with the law and regulations, not acting recklessly or without restraint and in doing so, safeguard the ‘root’ and the ‘soul’ of the modern financial system with Chinese characteristics.” 必须走中国特色金融发展之路，不断推进金融理论创新、实践创新、制度创新；必须加快构建中国特色现代金融体系，形成科学稳健的金融调控体系，结构合理的金融市场体系，分工协作的金融机构体系，完备有效的金融监管体系，多样化专业性的金融产品和服务体系，以及自主可控、安全高效的金融基础设施体系，并注重各体系之间的平衡和衔接；必须培育和弘扬中国特色金融文化，坚持诚实守信、不逾越底线，以义取利、不唯利是图，稳健审慎、不急功近利，守正创新、不脱实向虚，依法合规、不胡作非为，守好中国特色现代金融体系的“根”和“魂”.
The next question deals with the main tasks and measures to build a financial powerhouse.
First, we will continue to improve the central bank system. We will build a scientific and sound monetary policy system and a comprehensive macro-prudential management system, ensure smooth monetary policy transmission mechanisms, and improve market-based interest rate formation, regulation, and transmission mechanisms. We will maintain the RMB exchange rate at a basically stable level within a reasonable and balanced framework and promote RMB internationalization. We will actively participate in and advance global financial governance reforms. 一是持续完善中央银行制度。构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理体系，畅通货币政策传导机制，健全市场化利率形成、调控和传导机制。保持人民币汇率在合理均衡水平上基本稳定，推进人民币国际化。积极参与和推进全球金融治理改革.
Second, to thoroughly accomplish the ‘five major financial articles’. We will strengthen support for high-level scientific and technological self-reliance and self-strengthening and the construction of a technologically strong nation, raise the quality of financial supply for the comprehensive green transformation of economic and social development and for the building of a Beautiful China, improve a multi-tiered, broad-coverage, and sustainable inclusive financial system, accelerate the establishment of a sound pension finance system to respond to population aging, and promote the high-quality development of digital finance. We will leverage the combined effects of fiscal, monetary, and regulatory policies to incentivise and guide financial institutions to effectively implement the ‘five major financial articles’. 二是深入做好金融“五篇大文章”。加力支持高水平科技自立自强和科技强国建设，提高对经济社会发展全面绿色转型和美丽中国建设的金融供给质量，完善多层次、广覆盖、可持续的普惠金融体系，加快健全应对人口老龄化的养老金融体系，推动数字金融高质量发展。发挥财政、货币、监管等政策合力，激励引导金融机构做好金融“五篇大文章”.
Third, promote the healthy and stable development of the capital market. Focus on enhancing the capital market’s inclusiveness toward new industries, new business forms, and new technologies, proactively adapt to the needs of technological innovation and the growth requirements of technology-based enterprises, and promote the development of new-quality productive forces. Improve the capital market’s functions to coordinate investment and financing, build and cultivate a capital market ecosystem that encourages long-term investment, strengthen the full-chain supervision of listed companies from entry to exit, and accelerate the construction of a comprehensive system for preventing and combating fraud in the capital market. 三是促进资本市场健康稳定发展。着力提升资本市场对新产业新业态新技术的包容性，主动适应科技创新发展需要和科技型企业成长需求，促进发展新质生产力。健全投资和融资相协调的资本市场功能，建设培育鼓励长期投资的资本市场生态，加强上市公司从准入到退出全链条监管，加快构建资本市场防假打假综合惩防体系。
Fourth, further optimise the financial institution and financial infrastructure system. Encourage various financial institutions to focus on their core businesses, improve governance, and develop in a differentiated manner, complementing each other’s strengths and leveraging their respective advantages in effectively serving the real economy. Support large state-owned financial institutions in further serving as the main force in serving the real economy and a ballast stone for maintaining financial stability. Promote the merger and reorganisation of small and medium-sized financial institutions in a steady and orderly manner, reducing their size and improving their quality, and encouraging them to establish themselves locally and develop specialized operations. Encourage policy-oriented financial institutions to further focus on serving national strategies, primarily undertaking businesses that commercial financial institutions cannot or cannot do well. Give full play to the economic shock absorber and social stabilizer functions of the insurance industry. Accelerate the construction of a safe and efficient financial infrastructure system. 四是进一步优化金融机构和金融基础设施体系。推动各类金融机构专注主业、完善治理、错位发展，在有效服务实体经济上优势互补、各展所长。支持国有大型金融机构进一步当好服务实体经济的主力军和维护金融稳定的压舱石。稳步有序推动中小金融机构兼并重组、减量提质，扎根当地开展特色化经营。推动政策性金融机构进一步聚焦服务国家战略，主要做商业性金融机构干不了、干不好的业务。发挥保险业的经济减震器和社会稳定器功能。加快建设安全高效的金融基础设施体系.
Fifth, accelerate the construction of an international financial center. Enhance the price influence of Shanghai’s financial market, support Shanghai in steadily expanding institutional opening-up in the financial sector, strengthen the legal guarantees for the construction of Shanghai as an international financial center, and give full play to the role of the coordination and promotion mechanism for the construction of Shanghai as an international financial center. Support Hong Kong in consolidating and enhancing its status as an international financial center and strengthening its function as a hub for offshore RMB business. 五是加快建设国际金融中心。提高上海金融市场价格影响力，支持上海稳步扩大金融领域制度型开放，加强上海国际金融中心建设法治保障，发挥好上海国际金融中心建设协调推进机制作用。支持香港巩固提升国际金融中心地位，强化离岸人民币业务枢纽功能.
Sixth, comprehensively improve financial regulatory capabilities. Strengthen institutional, behavioural, functional, penetrating, and continuous supervision in all aspects, legally incorporating all financial activities into regulation, and reinforcing supervision throughout the entire process and chain from entry to exit. Enhance central-local regulatory coordination to effectively improve the foresight, continuity, synergy, and effectiveness of supervision. Improve the early correction mechanism for financial risks with hard constraints. Strengthen the supervision and management of the Financial Stability Fund. Severely crack down on all kinds of illegal financial activities, improve the monitoring and early warning system, and move the risk prevention point forward. Strengthen regulatory accountability to force the implementation of responsibilities. 六是全面提高金融监管能力。全面加强机构监管、行为监管、功能监管、穿透式监管、持续监管，依法将所有金融活动纳入监管，强化从准入到退出全过程全链条监管。强化央地监管协同，切实提高监管前瞻性、持续性、协同性、有效性。健全具有硬约束的金融风险早期纠正机制。加强金融稳定性基金监督管理。严厉打击各类非法金融活动，健全监测预警体系，前移风险防范关口。强化监管问责，倒逼责任落实.
Seventh, focus on strengthening the rule of law in the financial sector. Promote the completion of the financial law legislation, give full play to its guiding and leading role, and coordinate the advancement of the enactment, amendment, repeal, and interpretation of other major financial laws and regulations. Intensify financial law enforcement and have zero tolerance for all kinds of illegal and irregular activities. 七是着力加强金融法治建设。推动完成金融法立法，充分发挥金融法立法导向和牵引作用，统筹推进其他主要金融法律法规立改废释。加大金融执法力度，对各类违法违规行为零容忍。
The final point is about upholding the Party’s overall leadership over financial work. Under this, Wang talks about two establishments and the two safeguards. He makes four points:
First, we must solidify political loyalty. We must always maintain a high degree of alignment with the Party Central Committee with Comrade Xi Jinping at its core in thought, politics, and action. We must strictly enforce political discipline and rules, improve the mechanism for implementing the Party Central Committee’s major decisions and deployments, strictly implement the system of requesting instructions and reporting on major matters, and integrate the Party’s leadership into all areas, aspects, and links of financial work.
Second, we must strengthen theoretical armament. Political firmness stems from theoretical clarity. We must unswervingly use Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era to unite and inspire our minds and souls, and extensively and deeply carry out education and training to continuously enhance the political, ideological, and practical awareness of all Party members and cadres in the system in learning, understanding, and implementing it.
Third, we must forge a highly competent talent team. Adhering to the standards of being politically sound, capable, and having a strong work ethic, we must cultivate a high-quality, professional financial cadre and talent team that is loyal, clean, and responsible, creating a vibrant atmosphere of striving for excellence and making contributions with a full spirit of dedication and entrepreneurship.
Fourth, we must strictly abide by discipline and rules. We must maintain a high-pressure stance in punishing financial corruption, upholding the strict tone, measures, and atmosphere in the long term, and strive to eradicate the soil and conditions that breed financial corruption. We must promote the normalisation and long-term effectiveness of work style construction, earnestly complete the ‘second half of the article’ of the inspection process, and promote high-quality financial development through effective rectification.
一要筑牢政治忠诚。始终在思想上政治上行动上同以习近平同志为核心的党中央保持高度一致。严明政治纪律和政治规矩，完善党中央重大决策部署贯彻落实机制，严格执行重大事项请示报告制度，把党的领导贯穿到金融工作的各领域各方面各环节。二要强化理论武装。政治上的坚定源于理论上的清醒。要坚持不懈用习近平新时代中国特色社会主义思想凝心铸魂，广泛深入开展教育培训，推动全系统党员干部不断增强学习领悟和贯彻落实的政治自觉、思想自觉、行动自觉。三要锻造过硬队伍。按照政治过硬、能力过硬、作风过硬标准，锻造忠诚干净担当的高素质专业化金融干部人才队伍，以干事创业的饱满精气神，营造奋勇争先、建功立业的生动局面。四要严守纪律规矩。保持惩治金融腐败高压态势，把严的基调、严的措施、严的氛围长期坚持下去，着力铲除金融腐败滋生的土壤和条件。推进作风建设常态化长效化，扎实做好巡视“后半篇文章”，以整改实效促进金融高质量发展.
Page 3: There’s a report on Wang Yi’s call with Iranian Foreign Minister Seyed Abbas Araghchi. Xinhua says:
“Noting that China attaches great importance to the development of China-Iran relations, Wang said that Chinese President Xi Jinping and Iranian President Masoud Pezeshkian held a successful meeting in September, where they reached important consensus on and provided strategic guidance for deepening bilateral ties. Next year marks the 55th anniversary of the establishment of diplomatic ties between China and Iran, said Wang, voicing China’s readiness to work with Iran to implement the consensus reached between the two heads of state, seek development and rejuvenation of the two countries and deepen their mutually beneficial cooperation. China appreciates Iran’s active support for the four major global initiatives proposed by Xi, and is willing to work with Iran and the rest of the international community to make positive contributions to building a more just and equitable global governance system, said Wang.”
“The two sides had an in-depth exchange of views on the Iranian nuclear issue. Wang emphasized that China has always maintained an objective and impartial position on the issue, noting that the current political settlement process of the issue has reached a deadlock, which is not in the common interests of the international community. China appreciates Iran’s recent reaffirmation that it has no intention to develop nuclear weapons, supports Iran’s right to the peaceful use of nuclear energy, and hopes that all parties will maintain dialogue and communication to bring the Iranian nuclear issue back to the track of dialogue and negotiation, Wang noted.”
There’s a brief report with Defense Minister Dong Jun meeting with his Serbian counterpart Bratislav Gasic. Xinhua says:
“Dong described China and Serbia as iron-clad friends who have stood together through thick and thin. He noted that China is ready to work with Serbia to implement the important consensus reached between the two heads of state on building a community with a shared future for the new era. Dong also called for creating new highlights of practical military cooperation, and continuously elevating bilateral military relations to a new level.”
Finally, we have announcements and explanations of the easing of Chinese tariff and non-tariff measures against the US.
Xinhua reports the Ministry of Commerce’s statement:
“In accordance with relevant export control laws and regulations, the ministry issued Announcement No. 13 of 2025 on March 4 and Announcement No. 21 of 2025 on April 4, adding a total of 31 U.S. entities to China’s export control list, thereby prohibiting the export of dual-use items to these entities, the ministry said in a statement. To implement the consensus of the China-U.S. Kuala Lumpur economic and trade talks, China has decided that related measures against the 15 U.S. entities listed in Announcement No. 13 will be lifted on Nov. 10, 2025, while related measures against the 16 U.S. entities listed in Announcement No. 21 will remain in suspension for a period of one year, the ministry said. Exporters that wish to ship dual-use items to these entities must submit an application to the ministry in accordance with export control regulations on dual-use items, it noted, adding that the ministry will review applications in line with laws and regulations, and grant permits to those that meet requirements.”
Another report informs:
“China will continue to suspend the 24-percent additional tariff on imports from the United States for one year while retaining the 10-percent rate, according to an announcement released Wednesday by the Customs Tariff Commission of the State Council. China will make the adjustment from 1:01 p.m. on Nov. 10, 2025, the commission said. The move aims to implement the outcomes and consensus reached in the China-U.S. economic and trade talks, the commission said. The continued suspension of certain additional tariffs between China and the United States will help promote the sound, stable and sustainable development of bilateral economic and trade relations, bring benefits to the people of both countries, and contribute to global prosperity, the commission added. The commission also said Wednesday that starting 1:01 p.m. on Nov. 10, 2025, China will terminate the additional tariff measures stipulated in an earlier announcement on certain imports originating from the United States. According to the earlier announcement issued in March, China had decided to impose an additional 15-percent tariff on imported chicken, wheat, corn and cotton originating from the United States. Sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products were subject to an additional 10-percent tariff. The termination of certain additional tariffs between China and the United States serves the fundamental interests of both countries and their people, meets expectations of the international community, and will help advance bilateral economic and trade relations to a higher level, the commission said.”
Page 4: The All-China Journalists Association on Wednesday announced the winners of the 35th China Journalism Award. If you look at the list of winners, particularly special awardees, it is evident how new media is essentially an extension of the Party’s narrative agenda.
Page 6: I am not breaking it down, but if you are interested, today’s post-Fourth Plenum article is by Vice Premier Liu Guozhong, discussing the modernisation of agriculture and rural areas.