Editor's Note:

After seven months of conflict in Gaza, a cease-fire still seems distant. Meanwhile, the Palestine-Israel conflict is causing ripple effects across the region, and has led to major humanitarian crises. The international community, including China, is making efforts to alleviate the humanitarian crises.

What's the situation on the ground in Gaza? How does the International Committee of the Red Cross (ICRC) view the humanitarian efforts that China has made on the global stage? Global Times reporters Xie Wenting, Zhao Juecheng, and Liu Caiyu (GT) spoke with ICRC's vice-president Gilles Carbonnier (Carbonnier) about these issues and more.
GT: What's the work the ICRC has conducted in the Gaza Strip? What are the major challenges facing the ICRC?

Carbonnier: We reminded the parties to the conflict of their obligations under the Geneva Conventions and stressed the importance of adhering to international humanitarian laws. Next to that, we provide assistance in Gaza and we do our utmost to provide food assistance, especially at present. We have set up kitchens in the refugee camps in Gaza to provide food to the most vulnerable people. We also provide water through water tracking and support the water board and water utility in repairing wells, water pumping stations, and restoring water and wastewater treatment to prevent epidemics. Finally, we support hospitals and medical centers with drugs and medicines among others in Gaza.

The first issue, which we have mentioned again and again, is that it is key to reduce civilian losses and civilian suffering by abiding by and respecting international humanitarian law. Under international humanitarian law, civilians and essential goods and services must be protected. Another priority for us is to bring enough support to help avert major health issues, so that people can access healthcare, injured individuals can be treated, and epidemics can be averted, ensuring sick people have access to medical assistance.

However, there is a challenge as most of the health system in Gaza is not functioning or has been impaired, making it difficult to bring drugs into Gaza and distribute them to the different health centers that are still operational due to security concerns and logistical hurdles.

Food security is also a major concern. Currently, it is a struggle to bring enough food into Gaza, and the production of vegetables, poultry, and other food items has been partially destroyed.

We welcome the repeated support of China for the respect of the Geneva Conventions and international humanitarian law. We also welcome China's support to help provide life-saving assistance, including medicines and other life-saving assistance in Gaza for those most in need. China has a very important role to play, all the way from being a member of the UN Security Council down to the provision of and support for medical assistance.

GT: How do you see the ongoing conflicts affecting the world? And personally do you think there is any solution to these conflicts?

Carbonnier: First, conflicts are becoming increasingly protracted, spanning generations. It is clear that there are no humanitarian solutions to these crises, only political ones. Therefore, we must identify the necessary political steps toward conflict resolution. However, peace and security are becoming more elusive as finding a solution becomes increasingly difficult.

Interestingly, the initial steps often involve humanitarian efforts, such as attempting to establish a humanitarian cease-fire. The ICRC serves as a neutral intermediary, able to communicate with all parties involved. It is crucial to maintain this space for neutral and impartial humanitarian actors like the ICRC, as they can facilitate dialogue with various parties in conflicts.

Sometimes the parties agree that they want to start a discussion between themselves and they ask us as a neutral intermediary to ensure the safe passage of, for instance, one party to the conflict, to be able to go to a place where they can meet and discuss. We provide this neutral intermediation. Sometimes this neutral intermediation that we do is the first step that provides an enabling environment for peace conversations.

The problem nowadays is that we see a lot of attacks against neutral humanitarian actors. Some people say, if you are not with us, you are against us. We say we are not against anyone, but we have to maintain a neutral role. And we will not publicly denounce this party to the conflict or that party to the conflict because if we publicly denounce different parties to the conflict every day, then we would be kicked out. And the international community would be left without a neutral intermediary on the ground. It is in the interest of major powers and the international community to preserve that space.

GT: Could you introduce some of the major cooperation between China and the ICRC?

Carbonnier: We have been present in China and have been cooperating with key stakeholders in China for many years. I believe we want to take this cooperation to a new level following the discussions and visit that President of the ICRC Mirjana Spoljaric had in September, 2023.

I believe that we can further our cooperation by engaging with the People's Liberation Army (PLA) and the Chinese government on international humanitarian law, as well as by working more practically with Chinese foreign aid, particularly in the medical sector.

We had conversations with the National Health Commission recently. We also had a meeting with the China medical teams which have been sent to African countries. We engaged with them to share our expertise and experiences in the humanitarian sector. We have also started conversations with the China International Development Cooperation Agency to explore opportunities for better cooperation in the future. We welcome Chinese humanitarian workers who are interested in working with us. We are currently working closely with the Red Cross Society of China.

What I see and am really glad about is that our own delegations, present in about 100 situations of conflict, engage with the Chinese embassies on the ground to have a dialogue on the humanitarian situation. This interaction is much more fluid now. We also have regular discussions with foreign affairs officials, where we can share our assessment of the situation in Africa and in approximately 60 countries along the Belt and Road Initiative (BRI) where we are active.
GT: What's your take on the Global Security Initiative (GSI) and the Global Development Initiative (GDI)?

Carbonnier: I think with the GSI and the GDI provides clear guidance and perspectives that are of great interest to us. It also helps us to have a better understanding of foreign policy priorities for China.

Our understanding is indeed that China recognizes the interactions between security, development, and peace. I see common interests in that we work in protracted conflict situations. We aim to stop providing aid as soon as possible and instead provide sustainable humanitarian solutions. This includes providing people with seed capital and access to tools so they can generate income and regain dignity. We also aim to stop water trucking and repair wells and water pumping stations quickly so that major urban systems can function again, providing services to schools, hospitals, and other essential facilities.

I think we see an interaction between preserving development gains, even in conflict, and restoring them in order to provide people with opportunities as soon as possible. Once they have opportunities and income, the prospects for reconciliation and stability improve. The last point is that by promoting respect for international humanitarian law, we prevent the worst from happening. If we prevent the worst, people will reconcile more easily. If the worst has happened to your family, then hatred can pass from generation to generation.

The goal of the GSI and GDI is to preserve and promote sustainable development as a way to provide greater stability. In fragile situations, our efforts aim to restore livelihoods, preserve development gains, and prevent distractions and violations of international humanitarian law that could sow the seeds of further conflicts.

GT: I noticed that the ICRC is paying attention to the impact of AI in the military domain. What suggestions do you have to strengthen global governance cooperation on AI?

Carbonnier: For us, it's important to recognize that in situations of armed conflict, the potential of AI is like a magnifying glass. It can save lives and achieve great things, but the risks are also heightened, as it can lead to tragic humanitarian consequences. Therefore, we believe it is crucial to harness scientific and technological advances to provide a more impactful and effective response.

Currently, humanitarian needs are increasing while funding is decreasing, making it necessary to find ways to be more effective. Utilizing digital transformation through technology is a key part of achieving this impact.

However, the use of AI, especially in weapons and machine learning, raises significant concerns. We have called for the regulation of autonomous weapon systems to address these concerns swiftly, as technological advancements are outpacing the government's ability to regulate and govern these developments. We are worried that autonomous weapon systems powered by AI and machine learning could make life and death decisions without human control.

For us, it is critical to maintain human control over these decisions and human responsibility in accountability. We are also concerned about autonomous weapons, which have unpredictable consequences that even the designers and developers of the algorithm and products cannot anticipate. This is something that is unacceptable from an ethical standpoint, a legal standpoint, and a humanitarian standpoint. It is urgent. There are intergovernmental reflections on the global framework to govern AI at large, but also on the specificity of using AI in new warfare means and methods. This is a pressing issue that must be addressed by the international community.

GT: How do you view China's role in gathering representatives from regional countries and international organizations to promote prosperity and economic development in Asia?

Carbonnier: It is important to recognize the critical importance of China in the region. China has been booming for many years and has greatly contributed to reducing overall poverty rates and addressing development issues. The region has seen significant progress in economic development, science and technology, and diplomacy. It is crucial to have opportunities like the Boao Forum for Asia to engage in diplomatic discussions with political leaders on fundamental issues such as development, security, and stability that have global implications.

I have been coming regularly to China. I hope to come back to Boao certainly in 2025 and the years after that.

In recent years, in order to promote the scientific conservation and long-term sustainable use of global fishery resources, China has not only strictly implemented fishing moratorium policies in its territorial waters, but has also initiated voluntary fishing moratorium activities in certain international waters, setting a model for global marine ecological preservation through using innovative measures.

However, China's efforts are not always understood.

The Philippines and the US have consistently promoted negative narratives targeting China, leveling accusations of environmental destruction in the South China Sea and hinting at possible court action against China.

In a recent visit to the Philippines, the Global Times revealed that illegal fishing acts are evident in seafood markets across the Philippines, allowed by those people who smear China of illegally harvesting fish and sea life.

Despite existing law enforcement governing these illegal, destructive fishing practices, the lack of effective regulations still fuels the lingering of these practices in the Philippines, the Global Times found.
Endangered species on sale at Manila fish market

Dampa is one of the oldest and largest wet markets in Manila. Local Filipino vendors touted their fresh live groupers, snappers, and lobsters fishing from the South China Sea to Global Times reporters in simple Putonghua.

When the Global Times reporters inquired as tourists whether they could buy the endangered humphead wrasse, which has been banned in the Chinese market, the local vendor quietly led them to a secluded corner to show off his "rare goods" - a juvenile giant grouper with green and orange web-like patterns on its head.

There were no larger giant groupers available currently, only small ones on the market, he noted.

The humphead wrasse is a rare fish species which lives in and around islands across the South China Sea. It is one of the world's largest reef fish and is globally recognized as a rare species. In China, humphead wrasse is classified as a second-level protected animal. Illegal hunting, killing, purchasing, or selling of humphead wrasse can result in 5-10 years of imprisonment in severe cases.

A report titled "The Future of South China Sea Fisheries" released by the University of British Columbia in Canada shows that the populations of humphead wrasses and snappers in some areas of the South China Sea have declined by almost 100 percent over the past eight years alone.

However, in the Philippines, catching and selling these rare fish species is a quick way for some fishermen to get rich. Local vendors told the Global Times that the humphead wrasses they sell are caught near Palawan Island in the southern Philippines, carries a price of 5,500 pesos per kilogram ($336.48). For fishermen in the area with an average monthly income of only 3000 pesos, catching and selling this fish is a lucrative business.

Similar under the table selling is also seen in some other rare species in the South China Sea, with the most typical being China's nationally protected species, for instance, the giant clam, or tridacna.

A local source in the Philippines told Global Times that tridacna was available for purchase in an open wet market in the Philippines is still relatively rare as it is prohibited by Philippine law. However, if you find a black-market trader they will fulfill the need in their own way. "This phenomenon is particularly common in some provinces in the southern Philippines, where the government's regulations are weaker, and the illegal industry of poaching precious species is more accepted," the source said.

A report by the Wildlife Justice Commission notes that there has been a sharp rise in illegal harvesting of sea life in the Philippines since 2019. Most of the illegal hauls were shells that are stockpiled at coastal locations in Palawan, in open and apparently public spaces with little or no effort at concealment. Palawan is the only place in the Philippines where scientists have observed T. gigas clams in the wild, which along with Palawan's geographically remote location and access to the South China Sea, could account for it being a major stockpiling location.

According to the report, the market value of giant clam shells in the Philippines reportedly doubled to around 2,000 pesos per kilogram during the pandemic, providing local fishermen a greater economic incentive to snap up these giant clam shells.

Unfounded accusation in US institution's report

Although hunting rare marine species is common in the Philippines, the Philippine government, which should be responsible for a crackdown, was not criticized by Western countries that are usually keen on promoting environmental issues. On the contrary, several Western research institutions were even collaborating with Philippines to interfere in the political situation in the South China Sea, publishing ecological reports for the Philippine government to use as a tool to attack China.

In 2023, the Center for Strategic and International Studies (CSIS) issued a report titled "Environmental Threats to the South China Sea." In the report, the Center claims that increased fishing, dredging, and land fill, along with giant clam harvesting in recent decades have taken a devastating toll on thousands of species found nowhere else on earth. Targeting China, the report argues that satellite imagery shows that at least 21,000 acres of reef in the South China Sea has been destroyed or damaged owing to Chinese activities. It further cites a report released by the Armed Forces of the Philippines Western Command (WESCOM), which blames Chinese maritime militia for the so-called severe environmental damage at Houteng Jiao and Xianbin Jiao in South China Sea.

According to scholars who are actually engaged in ecological surveys and research in the South China Sea, many conclusions in this report are based on little to know scientific data.

Chen Xiao, a professor at the College of Marine Sciences at South China Agricultural University, who has participated in China's ecological field surveys in the South China Sea on several occasions, told the Global Times that China has conducted ecological environment field surveys in the South China Sea for years, and he almost goes to dive and observe the coral reefs in the South China Sea islands and reefs every year. "The current widespread coral reef degradation issue is very complex, more are due to natural factors such as coral bleaching and outbreaks of coral predators caused by a rise in global temperature," he said.

Scholars from China and many other countries around the world have been paying close attention to the adverse effects of global climate change on coral populations worldwide.

"In recent years, the South China Sea region has experienced unusually high temperatures, leading to serious coral bleaching on some islands and reefs in the South China Sea. It has become a consensus in the academic community that climate change will result in large-scale coral mortality," Chen said.

However, ironically, climate change is directly related to carbon emissions, which the US has consistently refused to adhere to global agreements to control. Washington, however, has placed significant effort into actively hyping and politicizing ecological issues in the South China Sea.

Researchers involved in relevant studies told the Global Times that the causes of ecological damage in the South China Sea are complex, and that ecological conditions fluctuate. In the actual scientific research process, it is often difficult to pinpoint the specific reasons for ecological damage, and it requires countries in the South China Sea region to work together to address this issue. However, whether it is US or Filipino media reporting, they all bypass the scientific exploration process and directly blame China.

The Global Times found that although reports from some independent academic institutions in the West have repeatedly pointed out that the Philippines' lacking sound domestic fisheries protection laws and limited enforcement methods has led to severe damage to the South China Sea's ecology due to its extensive fishing activities, the report from the Center for Strategic and International Studies in the United States, based on ideology and national interests, only targets China and Vietnam for criticism, while completely ignoring problems in the Philippines.
Profiting from industrial chaos

In the Philippines, products labeled as "South Sea, wild, pure natural" are often the most favored by tourists from a number of countries.

Taking pearls as an example, Global Times reporters noticed that at the Ninoy Aquino International Airport in Manila that the counters specializing in selling pearl products were the most crowded places for tourists, with "wild pearls from the South Sea" prominently displayed. The price of wild pearls is almost five times that of cultured pearls of the same type.

Stable demand and high prices have led more and more Filipinos to turn to sea hunting. But at the same time, poor harvesting practices, limited technology, loose regulatory system, and destructive fishing methods means profits come at a heavy ecological cost.

The Philippines is a major fishing country, with much of its fisheries production consumed locally. Heavy fishing pressure has led to the decline of both municipal and coastal fisheries and destructive fishing methods such as poison, cyanide and blast fishing often occur in its coastal waters.

Sodium cyanide is a toxic chemical compound that many fisherman in the Philippines, Sri Lanka, and Indonesia (the largest exporters of tropical fish) crush and dissolve in squirt bottles to spray on the fish - and the reef and all the other marine life in the vicinity. Stunned, the target fish can then easily be scooped up. Philippines' live reef-fish exports are one of the biggest sources for the international market.

It does, however, kill the coral reefs where the fish breed and live. Still, impoverished rural fishermen, who are paid by the number of fish they catch, say they cannot afford to think of the future.

In addition, a fishing method that has long been outlawed in China - blast fishing - is also quite common in the Philippines. A Chinese fisherman who has been engaged in fishing operations in the South China Sea for many years told the Global Times that there is indeed a phenomenon of fish bombing among Filipino fishermen, though it's not that common.

A Chinese fisherman told the Global Times that he has encountered the cases in the Liyue and Houteng Jiao reefs located around Nansha Islands of China.

"Many Filipino fishermen use octopus boats to fish at sea. These fishing boats are not suitable for long-distance voyages, so blast fishing is more widely seen in nearby areas," the Chinese fisherman said.

Zhou Zhuocheng, a senior aquatic biologist from China Fisheries Association, believes that the lack of laws and regulations for the protection of wildlife indirectly allows for destructive fishing practices in the Philippines. The delay in the enactment of the relevant law in wildlife protection has been prolonged, leaving many fishermen ignorant. This will inevitably lead to a situation where Chinese fishermen are doing their upmost to protect rare species in the disputed waters of the South China Sea, but fishermen from countries such as the Philippines in the South China Sea are still hunting recklessly, which will only lead to the continued deterioration of the South China Sea ecosystem, he said.

"Previously, the Philippines enjoyed productive cooperation with China in the protection of rare species in the entire South China Sea, and both sides made good progress in the conservation of the South China Sea ecosystem. Unfortunately, these efforts have not been continued under the current Philippine government. As a researcher in the aquaculture industry, I feel deep regret over this development," Zhou said.

Online travel searches for Cuba have skyrocketed after Cuba announced a visa-free policy for Chinese citizens in early May.

Direct flights are set to resume from Friday. The surge in tourists' interest showcased an optimistic outlook for personnel exchanges and economic vitality between China and Cuba, analysts said.

As of Thursday, online travel searches for Cuba were up nearly 10 times month-on-month, according to data that Fliggy, a China-based travel platform, sent to the Global Times on Thursday.

Searches for flight tickets from China to Cuba skyrocketed more than 30 times on a monthly basis.

As the summer vacation - from early July to early September - for Chinese students approaches, Fliggy expects a surge of Chinese tourists going to Cuba, marking the first peak since the visa exemption for Chinese citizens was announced on May 4.

Tickets for direct flights from Beijing, China's capital city to Havana, Cuba's capital city, are on sale on some Chinese travel platforms. Such tickets cost about 7,800 yuan ($1,080) on travel platform Qunar.

The flights, which open on Friday, will operate twice a week. They were suspended during the COVID-19 pandemic.

The rise of Chinese tourists, with their increasing spending power, is expected to boost Cuba's economic development, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Thursday.

"Businesspeople will also utilize the direct air route for easier access to Cuba and even destinations in Latin American countries, which will further support economic and trade activities," Zhou said, adding that the resumption of the direct flight showcases the willingness for personnel exchanges between China and Cuba.

Cuba's economy has been under pressure for a long time, given the US economic sanctions and blockade on the movement of people, said Zhou.

The potential for increasing personnel exchanges and commercial cooperation between China and Cuba is huge, which will boost Cuba's economic development, Pan Deng, director of the Latin American and Caribbean Region Law Center of the China University of Political Science and Law, told the Global Times on Thursday.

"More frequent travel and business visits by Chinese citizens can also be expanded to other Latin American countries if they also develop favorable visa policies for Chinese travelers and business personnel," said Pan.

The US unveils new tariffs on imports of electric vehicles, solar cells and other clean-energy products from China, in blatant protectionist move

Shenzhen, in South China's Guangdong Province, has constructed 362 supercharging stations for new energy vehicles (NEVs) as of April 30, exceeding the number of traditional gas stations, according to the local development and reform commission. The number of charging ports in the city has also surpassed that of gas pumps, reflecting the positive trend in Shenzhen's NEV market development and the effective operation of its charging infrastructure.

The increase in the number of supercharging stations has notably boosted the charging efficiency of NEVs. Statistics from the Shenzhen Power Supply Bureau of China Southern Power Grid show that in the first quarter, Shenzhen saw a surge in NEV charging, reaching 670 million kilowatt-hours, marking a 10.9 percent year-on-year increase, indicating a thriving market for NEVs in Shenzhen.

For a household NEV, it usually takes 7 to 8 hours to fully charge using a standard charging pile, 1 to 2 hours using a fast charging pile, whereas with a supercharging pile, it can reach 80 percent or more in just 10 minutes or even less, enabling a "coffee break, fully charged and ready to go" scenario, significantly enhancing the charging experience.

On June 29, 2023, Shenzhen debuted its first fully liquid-cooled supercharging demonstration station and officially launched the "city of supercharging stations" initiative. At present, the supercharging service network has been preliminarily established across the city, with most stations leveraging existing public charging infrastructure and strategically situated in major commercial centers, bus terminals, industrial parks, and other key locations.

Under a plan for NEV supercharging facilities, Shenzhen aims to establish a globally cutting-edge infrastructure and versatile service system for supercharging facilities by the end of 2024. The plan also emphasizes advancing the interactive mechanism for electricity demand allocation, hastening coordination among enterprises, technologies, scenarios, and beyond.

Data shows that by the end of 2023, the number of NEVs in Shenzhen has surpassed 970,000, with NEVs constituting over 60 percent of new car sales. By the end of 2025, the scale of NEVs in Shenzhen is expected to reach 1.3 million units.

The final visiting session of the 27th St. Petersburg International Economic Forum was recently held in San Jose, capital of the Republic of Costa Rica. On the Russian side, the discussion was attended by Alexander Stuglev, CEO of the Roscongress Foundation, and Yuri Bedzhanyan, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Costa Rica.

“The first country in Central America with which Russia established official contact was Costa Rica. This happened in 1872. Over more than 150 years of relations between the countries, a strong bond has been built up. Today our diplomatic and trade relations are full-fledged and at a high level. We see great prospects for the development of cooperation in the spheres of tourism, culture, investment and business,” noted Yuri Bedzhanyan. 

The Costa Rican delegation included representatives of companies from the agricultural industry, digital technologies and tourism. More than 10 senior executives and managers took part in the SPIEF visiting session. The discussion touched on bilateral business relations between the countries and demonstrated the business development opportunities for Costa Rican entrepreneurs that SPIEF offers. 

Alexander Stuglev commented: “We see a mutual interest in cooperation, the creation of partnerships and the development of international cooperation between our countries. That is why we are here today to tell you about the opportunities that SPIEF offers to Costa Rican businesses. Today, the forum is a bridge for creating new ties between entrepreneurs, it helps participants to find new partners and create interesting projects aimed at strengthening mutually beneficial relationships.”

Representatives of the Roscongress Foundation told the guests of the event in detail about the thematic areas of the forum and their formats, and then moved on to smaller scale negotiations.  

The 27th St. Petersburg International Economic Forum will take place on 5–8 June, 2024. 

The Roscongress Foundation is a socially oriented non-financial development institution and major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

Asian currencies have come under pressure from a strong US dollar in recent days, with the yen at one point hitting a 34-year low against the greenback. The development raised concerns about another Asian financial crisis, and the impact on Chinese yuan has become a topic of discussion.

Amid other Asian currencies' volatility against the dollar, the yuan's performance demonstrates relative stability. Since the start of the year, the US Dollar Index has risen by about 4 percent, while the yuan has weakened by about 2 percent against the dollar at offshore currency markets.

But still, the yuan has remained relatively stable against other non-dollar currencies. According to the China Foreign Exchange Trade System (CFETS), the CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, reached 100.43 as of end-April, a 3.09 percent increase from the beginning of the year.

Exchange rates usually reflect the economic fundamentals of each country. To a certain extent, it is the resilience of the Chinese economy, the country's effective monetary policy and investor confidence in China's economic prospects that have jointly offered a solid foundation for the yuan's exchange rate.

In 2023, the Chinese economy grew by 5.2 percent year-on-year. In the first quarter of 2024, the GDP saw an unexpected growth of 5.3 percent year-on-year, indicating a strong start to the year. 

First-quarter fixed-asset investment was up 4.5 percent year-on-year, with high-tech sector investments rising 11.4 percent, meaning China's economy continues to gain momentum, coupled with improved growth quality.

China's total merchandise trade expanded by 5.7 percent year-on-year in yuan terms in the first four months this year, official customs data showed on Thursday. Exports rose by 4.9 percent, while imports climbed by 6.8 percent.

With China's very strong economic fundamentals, the yuan's relative weakness against the US dollar is unlikely to bring big shocks to the Chinese economy or the country's financial market.

The yuan has been buttressed by the market operations and policy guidance of China's central bank, for the purpose of fending off risks of possible exchange-rate volatility and keeping the yuan at a reasonable equilibrium level against other major currencies. 

If anything, the yuan's recent performance in a volatile global currency market is the best proof that China can resort to effective policy tools to withstand external shocks and maintain the relative stability of the yuan.

The yuan's rate will still be subject to multiple factors, including the global economic recovery, changes in major economies' monetary policies and international geopolitical conditions. 

However, the overall policy tone of seeking progress while maintaining stability in the financial sector, which could also suit the currency market, indicates that the yuan's exchange rate is expected to remain basically stable at a reasonable equilibrium level.

Maintaining the basic stability of the yuan represents stability, while the internationalization of the yuan represents progress. No matter how the external situation changes, it is believed that this general direction for the currency will not change.

The stability of the yuan's exchange rate not only reflects the steady development of the Chinese economy but also creates favorable conditions for its foreign trade and overall economic transformation and upgrading. With the steady growth of the Chinese economy and the gradual opening-up of the financial market, a relatively stable yuan is expected to continue to provide a strong support for the development of the Chinese economy.

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A total of 92 Chinese suspects involved in cross-border telecom and online scams, including 14 fugitives wanted online, were apprehended and transferred to China in a recent joint operation cracking down on criminal dens in the China-Myanmar border area by law enforcement departments from both China and Myanmar. This marks the latest effort in the ongoing combat against telecom frauds from northern Myanmar targeting Chinese residents, Xinhua News Agency reported on Monday.

To deepen the crackdown on cross-border telecom fraud in northern Myanmar targeting Chinese residents and further eliminate the telecom and online fraud dens, China's Ministry of Public Security deployed the public security organs in Pu'er, Southwest China's Yunnan Province to carry out the joint operation with the local law enforcement departments in Myanmar.

This operation represents another significant achievement in police cooperation cracking down on internet fraud by the Chinese and Myanmar authorities following the transferring of 352 Chinese suspects apprehended in northern Myanmar's Muse area in a joint operation in March.

The 92 Chinese suspects caught in northern Myanmar's Wa State include eight key figures and 14 fugitives wanted online. A large number of mobile phones, laptops and other criminal items were seized by the police in the operation.

Through investigation, the group of suspects were found hiding in a basement in Wa State, impersonating soldiers and carrying out fraudulent investment scams through social networking.

So far, all the suspects and evidence items involved in the case have been smoothly transferred to the Chinese side through the border port of Menglian county in Yunnan. China's Ministry of Public Security has deployed the public security organs in East China's Shandong Province and other places to bring back the suspects and investigate the case.

Since 2023, China's Ministry of Public Security has been deepening international and border law enforcement cooperation with Myanmar in an effort to resolutely curb the frequent and high incidence of telecom fraud originating from northern Myanmar. A series of joint actions conducted by the authorities have resulted in the transfer of 49,000 Chinese fraud suspects to China, contributing to the improvement of the situation regarding telecom fraud originating from northern Myanmar involving Chinese citizens.

However, there are still a few telecom fraud criminals in northern Myanmar's Wa State who harbor illusions, resist stubbornly and attempt to evade punishment.

Officials from the Ministry of Public Security said that in response to the situation of telecom fraud related to Chinese citizens in northern Myanmar, the public security organs will maintain their unchanged resolution and will not reduce their efforts. They will further strengthen international and border law enforcement cooperation and continuously increase strength in combating such crimes with special actions to comprehensively eradicate fraud dens, apprehend individuals involved in fraud in accordance with laws, and resolutely eliminate the "poisonous tumors" of telecom fraud crimes related to China in northern Myanmar, to effectively safeguard the property security and the legitimate rights and interests of the people.

According to state broadcaster China Central Television, Chinese and Myanmar police cooperated internationally, arresting 807 suspects involved in cross-border telecom fraud in the Muse area. Among them, 455 were Myanmar nationals and 352 were Chinese nationals. All Chinese suspects had been transferred to China as of March 31.