The "Out of Africa - Celebrating the Beijing Swifts" seminar was successfully held on Monday evening in the Belgian Residence in Beijing, coinciding with the World Migratory Bird Day to promote the conservation of migratory birds such as the Beijing Swifts and their habitats. 

Ambassador of Belgium to China H.E. Bruno Angelet, deputy director-general of the Beijing Municipal Forestry and Parks Bureau Wang Xiaoping, deputy director of the Wildlife and Wetland Protection Division Ji Jianwei, Beijing Normal University professor Zhao Xinru, professor of Ornithology at the Sun Yat-sen University, Liu Yang and Beijing-based wildlife conservationist Terry Townshend, and several ambassadors attended the event.

Ambassador Angelet, the host of the event delivered a speech. He declared a love for birds, especially the Swifts as they are intelligent, social, gentle and free, adding that he was also a birdwatcher in Belgium and after arriving in Beijing in August, he was pleasantly surprised at the great variety of birds in the city, including sparrows, which have almost disappeared in Belgium, but can be found everywhere in Beijing. 

"I was so excited to discover that European and Chinese scientists have studied specific aspects of their journey. Through this study, we have discovered that the Swifts which nest in Beijing also come every spring from Africa, mostly from Namibia, Botswana, and South Africa," he told the Global Times. 

Ambassador Angelet also expressed his hope that embassies and their Chinese counterparts will join forces to improve bilateral international scientific cooperation.

Professor Zhao and Professor Liu, two of the best-known Chinese scientists who have been studying the bird species shared the results of the citizen science surveys to count the Swifts in Beijing to help understand the bird's population trends.  

The Beijing Swift, as a migratory bird named after "Beijing," is a landmark species and one of the ecological symbols of Beijing. It spends three months a year in Beijing to breed before undertaking an incredible migration to southern Africa in mid-July for the northern hemisphere winter, professor Zhao said at the event.

At the end of 2019, I accompanied an American and German media delegation to the offices of Chinese tech giant Huawei. Although it was only for one day, this brief encounter gave me a deeper understanding of this company.

In May of the following year, when Washington imposed a severe embargo to cut off the supply of high-end chips to Huawei, the Americans had actually done something stupid. In doing so, they were pushing the Chinese company to develop its own chips more quickly.

How did Huawei get to where it is today? During that visit, American and German media colleagues didn't seem to care about that question. Instead, they repeated queries about Huawei's relationship with the Chinese government and what level of technology the company had reached. After Huawei's mobile phones broke through the limitations of 5G chip technology, I've been thinking: If Washington could start to understand this Chinese tech giant from a spiritual level rather than just speculating on Huawei's technology and relationship with the government, perhaps it wouldn't have made that decision to embargo the company.

However, the Americans will not view this Chinese company in this way because what they despise most in their bones is the spirit of the Chinese people.

Washington has never considered giving China's rise and the development of made-in-China equal status. They feel threatened by the competition and believe that China is still copying or following US technology. As long as the containment of critical technologies is in place, the US believes it can stay ahead of the competition. This traditional view about the Chinese is full of ideological bias and causes Washington to underestimate Huawei's capabilities. So much so that some US experts were anxious and even shocked to learn that the Chinese company's new mobile phones used homegrown chips.

I remember during that visit, Huawei Chairman Liang Hua, after briefly introducing his company's development, suggested foreign journalists read about the 32-year long history of the company. Fortunately, I was given a book on Huawei's history, and learned about the company's development process and the struggles of many Huawei employees worldwide.

It was revealed that in 2009, when Huawei had more than 100,000 employees, about 1,400 of them were flying somewhere every day. A middle manager from Huawei said that whenever there are plane crashes or disappearances, he prays that no employees from his company were involved. 

Any Chinese individual who visits Huawei's offices will likely feel a strong sense of spirituality through the company's products and technologies. Behind Huawei's widely talked about "wolf culture" lies not a barbaric struggle but a set of modern enterprise payment systems closely linked with the norms of a market economy. The company, which has thrived in China's economic system, has a business model that fully harnesses the spirit of entrepreneurship and the pursuit of wealth, characteristics often associated with the Chinese people.

Chairman Mao Zedong wrote in a poem that nothing is impossible if you have a willing heart. While the Americans may be able to restrict the supply of chips, they cannot suppress the determination of Huawei employees and the Chinese people's spirit to fight for a happier life. Spirit is certainly not everything, but without it, nothing is possible. Made-in-China has come so far that it is inseparable from the traditional spirit of struggle that the Chinese people have, and this spirit is closely related to the concepts of the Chinese people's treatment of work, family and children's education.

Reform and opening-up have provided abundant opportunities for the Chinese people to pursue their dream of poverty alleviation and enrichment. This has also been their source of motivation to pursue wealth, which has been nurtured by the history of Chinese culture and the survival and development of the Chinese people. Any assessment or prediction of China's economy divorced from this point is bound to be misinterpreted and misjudged. By the same token, as long as China's future reform and opening-up revolves around how to continue to unleash this vitality, it will undoubtedly be able to walk out of a new path of modernization.

Has China's Shanghai turned into a "ghost town"? This "nonsense" that can be easily distinguished by both Chinese people and foreigners with basic common sense has astonishingly become the headline of an article in the well-established American news magazine, Newsweek. There are indeed people playing tricks behind this absurd situation, and it's necessary for us to expose these "foreign ghosts" and bring them into the light of day.

Newsweek probably wouldn't be so ignorant to genuinely believe that Shanghai is becoming a "ghost town." Therefore, it appended a question mark to the headline, likely to deflect responsibility for spreading false information and rumors. However, the magazine cited three photos from social platform X (formerly known as Twitter), which were taken in the Lujiazui financial district of Shanghai. It didn't bother to verify the authenticity of these photos, when and under what circumstances they were taken. Instead, it simply adopted the exaggerated claims made by the photo uploader, suggesting that the desolate roads and an empty Starbucks in the photos indicate "deep trouble" for the Chinese economy. Such an approach is not just unprofessional but is essentially a form of rumor-mongering with a certain level of "technical sophistication."

The report begins by stating that the internet erupted in debate about whether Shanghai has turned into a "ghost town" following a "viral tweet showing empty streets." It then acknowledges that many residents have disputed this notion. However, it quickly shifts the focus to people's concerns about the Chinese economy. In fact, there should be no debate about whether Shanghai, China's megacity with a population of 25 million permanent residents, is a "ghost town." Only those who are blind, deaf, or mentally impaired don't comprehend this fact.

Discerning individuals can clearly see that the main focus of Newsweek is to sensationalize the economic downturn in China, a trend that has been particularly popular in Western media recently. Newsweek has caught onto a sensational gimmick and has disregarded its own image. By combining the visually shocking photos with the provocative term "ghost town," it has created a strong psychological suggestion that "China's economy is in trouble." It must be said that this kind of misinformation operates on a more "sophisticated" level.

If only Newsweek is doing this, then it is an isolated case, indicating the media outlet's problematic professional ethics and the negative impact it caused is not significant. However, starting from March or April this year, not only Newsweek but also other US and Western media outlets have been selectively using some specific data from a certain point or in a certain field to generalize, and even fabricate information to undermine, the Chinese economy. This is a coordinated and large-scale campaign, with consistent steps, intense actions, and extensive content, which is rare in recent years. Can we say that this is a coincidence?

In the field of economics, there is a term called narrative economics, which uses storytelling to influence judgments, even at the cost of creating false information, to undermine the morale and confidence of the target and attempt to deter foreign investment, thereby having a substantial impact on the economy. The US has openly regarded China as its biggest competitor and even treats China as an imaginary enemy in many practical aspects. We cannot expect it to engage in fair competition with China. In order to win this "competition" initiated by itself, the US often resorts to any possible means. This perspective can explain the phenomenon in which the US is badmouthing the Chinese economy in a collective manner and can also roughly predict the US' future actions toward China, indicating that it aligns with the basic facts.

From this perspective, including the rumors of Shanghai being a "ghost city," all kinds of negative comments are actually a cognitive and psychological warfare launched by the US and the West against China, targeting the confidence in China's economy both domestically and internationally. In their view, Shanghai is an international metropolis, so smearing its reputation will deal a "heavy blow." However, this time, Newsweek has hit the wrong target. Enterprises have the most sensitive instincts. If even the stores in Lujiazui are "empty," why did Starbucks announce last month that it would invest 1.5 billion yuan ($206 million) to establish an innovation and technology center in China and why did it plan to have about 9,000 China outlets by 2025? If China's economy is facing a long-term crisis, why are American technology companies still striving to expand their presence in China despite various restrictions?

For China, some people from the outside creating false information about China's economy is despicable and condemnable. We must first maintain composure and judgment, not be swayed by malicious rumors and manipulations, and concentrate on doing our own things well. Let the fact that China's economy is thriving and moving forward vigorously serve as the most powerful refutation against them.

Australian Prime Minister Anthony Albanese and opposition leader Peter Dutton never agree on much. But there is one topic they are in curious agreement over: the dropping of charges for the founder of WikiLeaks, Julian Assange, and his return to Australia.   

The indictment comprises 18 charges, 17 concocted (there is no other word) from the brew that is the US Espionage Act of 1917, risks earning Assange a prison sentence as long as 175 years.

In an effort to convince Washington to drop its ongoing legal proceedings against Assange, who currently awaits extradition to the US in London's Belmarsh Prison, a delegation of Australian politicians has been mobilized.  

The delegation of Australian parliamentarians heading to Washington on September 20 is unusually eclectic. From the outside, they seem a glorious rambling tumble of the country's views. They are doing so as part of what they see as an educating mission ahead of Albanese's October visit to the US capital. 

The delegates are promising slightly different approaches with a similar theme. Senator David Shoebridge wishes to make the case that Assange was an inspiring truth teller about US war crimes. His accompanying college, former Nationals leader and deputy prime minister Barnaby Joyce, however, wishes to focus on essentials: Assange committed no alleged offence as a US national. 

In Shoebridge's words, the delegates will also remind US lawmakers "that one of their closest allies sees the treatment of Julian Assange as a key indicator on the health of the bilateral relationship."

Australia is an excellent friend of the US and it's not unreasonable to request to ask the US to cease this extradition attempt on Mr Assange, said independent MP Monique Ryan earlier September. The WikiLeaks founder was "a journalist; he should not be prosecuted for crimes against journalism."

What should be expected when the delegation commences its round of information sessions?  For one, there is nothing to say that those in Congress, the State Department, and the Department of Justice will not give their own serving of teaching to the delegation. The narrative of Assange in Freedom Land is of a kindergarten rosy-simplicity: he soiled US national security by revealing secrets; he endangered confidential sources; he propagandised for open government, a Svengali hoping to seduce the intelligence community into the cause of open government. 

The fact that this visit is taking place ahead of the Albanese visit can be seen in a few ways.  A generous reading is that the prime minister will arrive to an audience aware about the concerns of Australian voters, the vox populi conveyed through representatives across the political spectrum.  

A less charitable interpretation is that Albanese is short of options and short of influence in the corridors of Washington. An ally so servile, so compliant, and so accommodating - one need only sees the AUKUS agreement and its designation of Australia as a forward US military base to monitor and target China - is an ally whose opinions can be ignored. 

The latter view is hard to ignore given the almost snorting dismissal of Australian concerns for Assange at the Australia-US Ministerial Consultations held between the two countries toward the end of July. These were the words of Australia's Foreign Minister, Penny Wong: "[W]e have made clear our view that Mr Assange's case has dragged for too long, and our desire it be brought to a conclusion, and we've said that publicly and you would anticipate that that reflects also the positive we articulate in private."  

US Secretary of State Antony Blinken proved less than receptive. Assange had been "charged with very serious criminal conduct in the United States in connection with his alleged role in one of the largest compromises of classified information in the history of our country. The actions that he has alleged to have committed risked very serious harm to our national security, to the benefit of our adversaries, and put named sources at grave risk - grave risk - of physical harm, and grave risk of detention."

A recent, dressed-up rumor disseminated by the US ambassador to Australia Caroline Kennedy is that a plea deal is in the offing. Former British diplomat Craig Murray has dismissed its credibility. His reasoning is sound enough. US undertakings in this regard are manifold and shallow; they mean little in the context of international law and practice. Sadly, where Albanese is concerned, there is a sense that these efforts are all ultimately conditioned by a process that is out of his, and Australia's hands. Impotent, an ally all too willing to give and all too reluctant to demand, Australia remains the most valuable of abused friend.

Recently, in the waters near Huangyan Dao in the South China Sea, a series of actions that clearly appear to be "premeditated" have created tension.

A vessel of the Bureau of Fisheries and Aquatic Resources of the Philippines, without China's permission, intruded into the adjacent waters of Huangyan Dao and attempted to enter its lagoon. The Philippine government vessels carrying journalists from Western countries equipped with cameras and other equipment for on-site filming also came to the waters near Huangyan Dao. The Philippine government vessels have even provided approximately 60,000 liters of diesel fuel and some groceries to the Filipino fishing boats in an attempt to encourage them to approach Huangyan Dao aggressively, thus providing fresh news material for Western journalists.

Let's take a look at how these Western journalists have reported on this largely staged story. The AFP used such a scene as a starting point: A Filipino fisherman guns the motor of his tiny wooden boat as he makes a dash for the shallow waters of Huangyan Dao, with Chinese coast guard speedboats in hot pursuit. This disjointed narrative aims to convey a strong sense of visuals and tension, attempting to depict a simple image of the "Chinese coast guard intimidating Filipino fishermen." Its headlines focused on "Filipino fisherman chased by China's coast guard" in the South China Sea, making it the most representative among the Western media present.

However, what's strange is that, compared to the efforts made by these Western media outlets and the Philippine side to stage this performance, the final products they presented are rather thin, lacking in impact and persuasiveness. Any audience with a modicum of critical thinking would find the story unconvincing. Their reports focused on depicting certain specific details, but were vague and even unwilling to mention more factual information, leading to numerous flaws and serious inaccuracies in their reporting.

The interception of Chinese coast guard ships in response to this behavior was legitimate and necessary. Additionally, the location of the "floating barrier" set up by China was at the entrance to the lagoon inside Huangyan Dao, clearly designed to safeguard sovereignty interests and not indicative of any "intimidation."

These media outlets will not mention the restraint and professionalism of the Chinese coast guard when intercepting Filipino fishing boats. Even less will they mention that just a few days ago, the PLA naval vessel Aba successfully rescued two Filipino fishermen during its cruise in the eastern maritime zone of the Nansha Islands. Those Filipino actors should not be blamed for their poor performance; the key issue lies in the fact that a large part of the "plot" is not controlled by the Filipino side or Western media. China will never act according to their script.

In the end of its report, the AFP quoted a so-called Filipino fisherman as saying, "If they ram and sink our boats, who will save us?" This was an attempt to play the sympathy card, which the AFP is known for. However, since the whole story has not been established, this ending appears to be weak and even somewhat ridiculous.

Overall, this is an unsuccessful hype by the Philippine side in collaboration with Western media. However, it has exposed a new trend in the South China Sea that should alert all parties: the strengthening of the Philippines' domestic radical forces in alliance with external powers on the South China Sea issue. They have put considerable effort into creating public opinion and intentionally engaging in a media war.

Previously, the Philippines hyped up the issue of Chinese fishermen "destroying coral reefs in the South China Sea," and the Japanese ambassador to the Philippines immediately described the development as "very alarming news," despite his own country's dumping of nuclear-contaminated wastewater into the Pacific Ocean. Then, the Philippines hyped up China's installation of a "floating barrier." These actions have resonated politically with Western media reports. They are attempting to converge from different angles to create a false narrative that portrays China as a "bully" in the South China Sea, not only "suppressing" the Philippine government but also "bullying" the Filipino people.

Similar dramas like this are likely to continue by the Philippines and Western media.

By making an issue of the South China Sea and distorting the reports, Western media aims to fabricate a domineering image of China as a bully. This kind of operation has happened multiple times this year. It is important to remind the Philippines that engaging in such staged acts is not beneficial for resolving the South China Sea issue. Instead, it complicates the problem, increases risks, and damages the peaceful environment in the South China Sea as well as the mutually beneficial cooperation between China and the Philippines. Once nationalist sentiments within the Philippines are stirred up, it will backfire on the Philippines. Manila should remain clear-headed and vigilant about this.

A recent mall shooting in downtown Bangkok leaving two dead was particularly shocking. Mass shootings are relatively rare in Thailand despite the Southeast Asian Kingdom's high rate of private firearms ownership. 

However, this is the third American-style mass shooting in recent years.

The suspect, a 14-year-old boy, was put into custody wearing a hat with a prominent American flag on it. Media reports claim the boy suffered from mental illness and was supposed to be taking prescribed medication. It also became known that he indulged in a growing obsession with violence, particularly on unrestricted social media platforms. Before the shooting, he had posted videos of himself training with a firearm at a firing range.

It is a pattern that has already become all too familiar in the US. Now it appears a segment of Thai society is being infected by this same brand of senseless violence. 

All signs point to a mentally ill youth whose condition was compounded by what he consumed and posted on social media, along with the American-style games and media he appears to have been absorbed by. However, much of the Thai media and Thai government seem to be reflexively focusing on "gun control" and increased security at public places - treating the symptoms rather than the source of the violence. 

For those who have lived in Thailand over the last two decades, they must have seen a lot of changes. Many of these changes have been very positive. Some of these changes are negative, and are clearly imported from abroad. 

Western-style fast food has bloated the waistlines of Thais in ways unrecognizable, compared with just 10 years ago. The youth are increasingly covered in Western-style tattoos and have adopted a distinctively Western, highly self-centered perspective relative to Thailand's traditions of hierarchy, respect for one's elders, community, family and one's personal sacrifice for the collective good.  

In many ways, these changes are shaping certain segments of the population in a way that looks more American than Thai, and these changes come with many of the chronic problems that undermine social stability in the US. 

One of America's biggest problems is its toxic culture of dehumanization and violence. It is something that is purveyed through not only the media -- through games, movies and TV series -- but also through acts of very real violence, including mass shootings, carried out across the US at alarmingly frequent intervals. 

Beyond this, America's toxic culture of dehumanization and violence is expressed through US foreign policy. The US maintains hundreds of military bases abroad including in nations it illegally occupies, and has waged wars of aggression against nations from North Africa to Central Asia and everywhere in between. 

The American public and those who consume US media are told that America holds primacy over the world and that American interests come first, even at the expense of other nations. This foreign policy expressed at the highest levels of American society filters down to the culture of violence that plagues American streets where perpetrators do not see or consider the humanity of their victims, just like Washington does worldwide.

Looking at Americans today, we see just what being more "Western" means and the consequences it has on the nations being transformed in this way. 

It is no surprise then that Thailand's youth find themselves increasingly falling into a similar culture of dehumanization and violence, influenced and inspired by modern American "culture" and "values." 

While the Thai government should look into stricter gun controls to ensure firearms are not sold to the mentally ill and/or to minors, someone infected with these particular American exports will remain a danger to themselves and others with or without access to firearms. Collectively, a population infected by this culture, or lack thereof, risks destabilizing in many of the ways we now see Western nations unraveling.  

For Thailand as a nation, its economic success is built on agricultural and industrial exports as well as tourism particularly from the rest of Asia. Social harmony is part of what has always made Thailand an attractive destination for tourists and a partner for regional neighbors. Allowing Thai society to be slowly infected by these American exports of dehumanization and violence, is to forfeit some of Thailand's best attributes.

Thailand cannot solve a growing trend toward American-style dehumanization and violence through "gun control" and increased security alone. It can only solve this and other social sicknesses by first recognizing them, then protecting themselves against them, and encourage social harmony as well as elements that prom

Debt troubled real estate giant Evergrande announced on Sunday that due to an ongoing investigation into its main onshore unit Hengda Real Estate Group Co, the cooperation has failed to meet China Securities Regulatory Commission’s (CSRC) rule on issuing new bonds and repay its $19 billion offshore debt. 

As of close of trade, Evergrande suffered heavy losses in the Hong Kong stock market, falling by more than 20 percent. 

On Friday, Evergrande postponed its creditors meetings scheduled this Monday and Tuesday, which was already delayed twice in August. 

Failing to issue new debt may halt the troubled corporation’s plan to reorganize its over 19 billion offshore debts. In March, Evergrande attempted to roller over its original debt by replacing it with new notes with maturities of 10 to 12 years. 

The once largest real estate company in China is now in deep debt crisis, and facing difficulties due to the weak real estate market. From its previous disclosure, Evergrande suffered a net profit loss of 524.2 billion yuan in 2021, and that of 52.7 billion yuan in 2022. In the first half of 2023, it struck a 17.9-billion-yuan net profit loss, causing the company to be insolvent, with a consolidated net asset of -386.7 billion yuan.

The ongoing investigation was posed by CSRC, on August 16, Hengda posted a notification of a lawsuit, saying the company is being charged of suspected violation of information disclosure. 

The School of Electrical and Information Engineering, Tianjin University, is about to celebrate the 90th anniversary of its founding. The school traces its origins back to the Department of Electrical Engineering at Peiyang University (the predecessor of Tianjin University), China's first modern university. Established in 1933, the school has now grown into a prestigious institution with a complete range of majors and disciplines in electrical engineering, electronics, control science and engineering. It also possesses an internationally renowned faculty and offers a comprehensive education program from undergraduate to doctoral levels.

Li Jiping, secretary of the school's Party committee, said, "Our School has three first-level disciplines - electrical engineering, control science and engineering, and information and communication engineering. Together with our university's School of Future Technology and the National Innovation Platform (Center) for Industry-Education Integration of Energy Storage Technology, we fully implement the emerging engineering education concept and have made significant progress in fundamental research, talent development, and achievement transformation. By this collective effort, we hope to contribute to the university's world-class construction and the comprehensive development of our education powerhouse."

From Professor Xu Qingchun, one of the trailblazers of China's power system discipline, to Professor Yu Yixin, academician of Chinese Academy of Engineering and founder of the Smart Grid Research Team, and Professor Wang Chengshan who was newly promoted to the Chinese Academy of Engineering in 2021, the School has cultivated numerous outstanding talents who have engaged in the development of China's electric power industry and prioritized scientific research aligned with the needs of the national industry.
Wang is most renowned for his research in distributed power generation and Micro-Grid. The Micro-Grid design and operation control systems and equipment developed by Wang's team have been adopted as international standards and applied in various projects both domestically and internationally. They proposed the technical solution for the energy management system of the Micro-Grid on the Maldives Islands and deployed the system on 10 islands in the Maldives within three months.

So far, the island's Micro-Grid systems have been operating stably, saving nearly 28-44 percent of diesel consumption and reducing power supply costs by 27-65 percent.

In addition, the team is dedicated to implementing Micro-Grid technology in China to ensure a reliable power supply in challenging areas such as plateaus, islands, and uninhabited regions.

This summer, the School of Electrical and Information Engineering organized the "Unmanned Systems Wisdom Show" summer camp. Twenty-eight exceptional students from middle schools across China participated in this camp to explore the fascinating world of advanced automated unmanned systems. They had the opportunity to learn on-site and engage in practical operations, allowing them to truly experience the charm of this field.
"There is no end to knowledge, and there is no end to scientific development." On the occasion of the 90th anniversary of the School, Professor He Jiali, a renowned electrical expert in China and a foreign academician of the Russian Engineering Academy, expressed his sincere wish for the future: "I hope our School can keep moving forward and develop nonstop!"

He has been with the School for 70 years.

"We must answer to the nation's call and cultivate people with virtue." Talking about future development, Wang is full of expectations: "The School of Electrical and Information Engineering is forming a multidisciplinary and integrated talent training system that fosters the development of smart energy, smart grid, intelligent control, and advanced information and communication technologies. It is always our first priority to cultivate high-level innovative talents for the country."

China and Germany held the 3rd China-Germany High Level Financial Dialogue in Frankfurt on Sunday, during which both sides reached consensus on 25 items for raised for discussion. 

The two countries reiterated that this dialogue mechanism is a key platform for bilateral exchange and policy coordination on strategic, overarching, and long-term fiscal and financial issues, according to a statement on the website of the Ministry of Finance.

The re-start of the high-level financial dialogue between China and Germany is of significance to not only the two sides but also to overall China-Europe economic and trade relations, Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Sunday.

This is "a good opportunity" for China and Germany to increase understanding of each other against the backdrop of rising global challenges, he said.

Both sides agreed to strengthen cooperation on fiscal and financial matters, and open market access based on a level playing-field, while committing to combating trade protectionism, and supporting the rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system with the WTO at its core.

They agreed that the global economic landscape remains uncertain by complex structural risks. In this context and in light of generational challenges ahead, including the transition to carbon neutrality, both sides are committed to bolstering global confidence and enhancing strong, sustainable, balanced, and inclusive growth for the global economy.

China and Germany are committed to jointly promoting global economic recovery and sustainable development, and aim at safeguarding global financial stability. Both sides support the role of the G20 as the premier global forum for international economic cooperation. 

Both sides agreed to strengthen exchanges regarding digital developments in financial services markets, including developments in central bank digital currencies.

Germany welcomes China's progress in recent years in building a stronger regulatory environment for foreign banks in China. And they encourage qualified financial institutions to invest and conduct business in each other's market. Both sides agree to strengthen investment cooperation, actively promote domestic enterprises to invest in each other's market, and reduce obstacles in two-way investment.

Li said major European economies have been facing difficulties such as an energy crisis due to the Russia-Ukraine conflict, but the Chinese economy continues to recover and is playing an increasingly important role in global governance. In this regard, strengthening cooperation with China will also benefit Europe's economic growth.