Thread: The View, from China

Originally Posted by panama hat

They can, but they won't. It is a totalitarian dictatorship and Xi has been tightening control, socially, for quite a while now. This way it is far easier to control dissent . . . see HK

I don't know if the point where Mr and Mrs Wang have felt the harder times or more important, have stopped believing the "we still live in the best, most beautiful, freest, proudest and most prosperous country in the world" propaganda.

It doesn't happen over night, as you can witness in most every country in the world.

I reckon the CPC will react outwards, to gather the masses, as much as tighten domestic control.

When it does happen in China, both you, I and Taiwan better fasten our seatbelts.

BTW:
The new bosses will be the same as the old bosses.


Sadly

Russia for reference

Originally Posted by spliff

USA = GOOD
China = mafia state, BAD

There is that too

PH finds China to be more "bad" than the US

I don't

In my lifetime, it hasn't been the case.

Don' care what they do or how they operate at home in China...but, FOR CRYING OUT LOUD, we don't want any more here. At present, trying to eject some nasty ones from the great state of Maine.

Originally Posted by spliff

we don't want any more here..

we?

You don’t speak for everyone

Originally Posted by S Landreth

You don’t speak for everyone

Think of how much smaller the carbon footprint would be if they didn't fly across the Pacific Ocean, and holidayed in Asia instead.

Originally Posted by spliff

Location Khon Kaen

Originally Posted by spliff

we don't want any more here

I suspect there are more "Chinese" in your current province of choice, than "Americans".

Originally Posted by pickel

if they didn't fly across the Pacific Ocean, and holidayed in Asia instead.

Apart from the obvious places Chinese people visit for holidays.

‘This May Day is crazy’: China’s holiday spending exceeds pre-pandemic levels for the first time

By Laura He, CNN

Updated 4:13 AM EDT, Thu May 4, 2023


"Holiday spending during China’s Golden Week has surged past pre-pandemic levels for the first time in three years, in a sign the country’s travelers have fully emerged from the depths of Covid-related restrictions and are eager to live large to make up for lost time.

For many, this May Day period, spanning five days from April 29 to May 3, was the first chance to go on vacation in more than three years, without having to worry about catching Covid. During the Chinese New Year holiday in January, many people stayed home because of fears of infection during China’s “exit wave” when an unknown number of people caught the disease.

Travelers made 274 million trips within mainland China during the holiday, up 71% from a year ago and 19% higher than 2019, according to data from the Ministry of Culture and Tourism on Wednesday. Revenue from domestic tourism reached 148 billion yuan ($21 billion), up 129% from a year earlier and also slightly higher than 2019."

China's May Day holiday spending exceeds pre-pandemic levels for the first time | CNN Business


Here is a list of Top 25 destinations for Arrivals from China.

Ranking, Destination, Arrivals (‘000 trips), % Growth

1 Hong Kong, China 15,110.4 11.1
2 Macau 7,958.0 8.4
3 South Korea 3,383.2 55.0
4 Thailand 2,820.0 62.2
5 Taiwan 2,590.7 47.1
6 Singapore 2,054.2 30.2
7 USA 1,593.5 46.0
8 Japan 1,506.5 44.4
9 Vietnam 1,428.7 0.8
10 Malaysia 1,369.3 24.6

Top 25 Most Popular Destinations for Chinese Tourists

• China Evergrande shares fall 79% on first trading day since ban lifted

China Evergrande Group shares plunged 79% on Monday, their first trading day following a suspension of more than 17 months.

Shares in the embattled real estate developer opened 87% lower and ended the day at 0.35 Hong Kong dollars. Trading had been halted since March 21, 2022, when shares were priced at HK$1.65. Evergrande was the most traded stock in Hong Kong on Monday, with about 1.85 billion shares changing hands.

Evergrande said the same day that a meeting with creditors to discuss offshore debt restructuring has been pushed back from Monday to Sept. 26. It cited various reasons for the delay, including "numerous media reports which have wholly mischaracterized the restructuring recognition under Chapter 15" of the U.S. bankruptcy code.

The company filed for bankruptcy protection in a New York court on Aug. 17.

Evergrande was once China's largest real estate developer but defaulted on a number of debt obligations, leaving homeowners with unfinished homes and suppliers with unpaid bills.

The company applied for the trading suspension to be lifted on Friday evening after it said it had cleared various conditions set by the Hong Kong Exchange, including the release of financial reports.

The results for the first six months of the year were announced Sunday night, with the company reporting a net loss of 33.01 billion yuan ($4.53 billion), better than the 66.35 billion yuan loss a year ago.

The distressed developer also posted long-overdue annual earnings reports for the last two years on Aug. 16, revealing a combined net loss of 581.94 billion yuan, a reversal from 8.07 billion yuan in net profit in 2020 prior to a crackdown by Beijing on the industry.

The company said in its Sunday night filing that its financial status is still precarious. Its total cash and cash equivalents, including restricted cash, was 13.38 billion yuan as of the end of June, while net current liabilities were 713.10 billion yuan. The company also said that "it is involved in various litigation and arbitration cases for various reasons."

Its electric vehicle unit China Evergrande New Energy Vehicle Group on Friday night separately announced a net loss of 6.86 billion yuan for the first six months of the year, compared to a net loss of 13.36 billion yuan a year ago.

Similar to its parent, the EV subsidiary's financial position remains strained, as its cash and cash equivalents including restricted cash came to 117 million yuan as of the end of June, while its net current liabilities stood at 36.61 billion yuan.

The company also revealed that it has 9.34 billion yuan of unpaid debt and 3.59 billion yuan of overdue commercial bills, and has 48 pending litigation cases involving 10.88 billion yuan.

As part of the financial restructuring, China Evergrande Group has proposed selling part of the EV unit to NWTN (Zhejiang) Automobile, a Nasdaq-listed, Dubai-headquartered mobility product company founded by Chinese entrepreneur Alan Nan Wu

Nice to see some reality to counter OhDoh's utter propaganda horseshit.

Dropped as much as 87%

Their loss this year is only half as bad as last year.

My advice:

BUY !

BRICS for cooperation, Camp David for insecurity


By Sara Flounders
Published: Aug 28, 2023 08:55 PM


"Within days of each other, two very different meetings of world significance were held.

These meetings sharply frame the choices. Is the way forward cooperation, sustainable development and trade? Or is the only option confrontation and military escalation?

What kind of future do these two meetings represent? It deserves to be analyzed and compared.

At the Camp David military base outside of Washington DC on August 18, US President Joe Biden framed an aggressive military alliance, with South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida dutifully attending. This trilateral security agreement of the US, South Korea and Japan is directly aimed at China and North Korea. The military bloc is understood as?concretizing a "new cold war" against China.

Whether the recent agreement holds together or not, the Camp David meeting is a further step in Washington's strategy of inserting tensions, instability and continuing provocations in the region in an attempt to block China's development and its growing regional trade with its neighbors. Washington is attempting to mask the economic decline of the US by asserting its military dominance in the Pacific.

In sharp contrast, the XV BRICS Summit, held under the theme: "BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism," opened four days later, from August 22 to24, in Johannesburg, South Africa. This summit focused on building an open world economy that supports trade and promotes cooperation. Concrete plans for African development was a recurring theme.

BRICS stands for Brazil, Russia, India, China and South Africa. These five countries, with a total population of 3 billion, or 40 percent of the world's people, have widely different political and economic systems. However, they are all developing countries and were once colonies or neo-colonies. At the conclusion of the gathering, South African President Cyril Ramaphosa announced that six more countries were admitted to?BRICS: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.

At the BRICS meeting, Chinese President Xi Jinping expressed China's willingness to deepen solidarity and cooperation with other emerging markets and developing countries to push for a more just and equitable world order.

President Xi's speech declared: "Emerging countries are becoming more and more relevant in the international arena. This summit will very much contribute to the shaping of a new global economic and political order. It will help change the current situation when it comes to international relations."

The overwhelming US military presence in Japan and South Korea since 1945 exerts extreme political pressure. This constant pressure is felt in every country occupied by US troops and military bases. There are still 53,700 US troops in Japan on 120 military bases - more bases than in any other country. Some 26,400 US troops are stationed on 73 bases in South Korea, including Camp Humphreys, the largest overseas US military base.

This new Camp David security agreement is a result of Washington's revival and upgrading of the Quad, which holds joint military exercises that openly target China.

Another military alliance - the AUKUS trilateral security pact among the US, Australia and the UK - has provided cover for US naval and air training missions in the region. Under that pact, the US and the UK will assist Australia in acquiring nuclear-powered submarines.?

China is a major trading partner of more than 120 countries and regions, including Japan, South Korea, the Philippines and Australia.?US corporate interests are consumed with the task of how to reverse this economic reality and contain China, in the Asia-Pacific region and globally.

The biggest and most immediate impact of this military offensive will be felt on the global environment, increasing insecurity. Rather than focusing on resources, and the vast scientific and technical knowhow on the escalating climate crisis, US corporations focus on quick profits from war. US politicians feel the pressure to vote for even more increases in military allocations.

According to the National Priorities Project, the full military budget of the US is approximately $900 billion - more than the next 10 countries combined and 40 percent of the world total.

While the security pact devised at Camp David won't reverse the declining economic power of the US, it will intensify global insecurity.

The BRICS group embraces more equitable trade and development, which is a challenge to US sanctions imposed on nearly 40 countries. The growing ability of countries to use their own currencies in direct trade is a threat to the power of the almighty dollar. The BRICS economies have overtaken the G7's global GDP.

The atmosphere of solidarity and cooperation exemplified by the BRICS cooperation mechanism is helping to propel development across the African continent. Over 40 countries have expressed a desire to become a member, including those in the Middle East, Latin America and Africa.

BRICS represents the growing aspiration for a more balanced global order. While this threatens imperialist domination, it also injects positive energy and new confidence into the world."


BRICS for cooperation, Camp David for insecurity - Global Times

Originally Posted by helge

My advice:

BUY !

As usual, you're utterly clueless.

Did you ..buy any ?

If so, I'm terrible sorry

• Chinese developer Country Garden reports $6.7bn loss amid fears of another Evergrande

Embattled Chinese developer Country Garden reported a 48.9bn yuan ($6.7bn) loss for the first half of the year in a stock exchange filing on Wednesday, adding to worries of a potentially catastrophic default.

Its tenuous state has sparked fears of a collapse that could have far-reaching consequences for the Chinese financial system two years after the fall of Evergrande.

Country Garden, which was China’s largest real estate firm last year, has four times as many building projects underway as Evergrande. When the latter halted construction projects in recent times it infuriated home buyers, who held demonstrations and stopped making mortgage payments in protest.

Evergrande, the world’s most indebted property firm with liabilities of $328bn, has lost more than 99% of its share market value over the past three years. The company resumed trading on the Hong Kong stock exchange on Monday after a 17-month suspension that Evergrande used to try to restructure its offshore debt.

One of China’s biggest builders, Country Garden has racked up debts of more than $150bn and said this month it had failed to make interest payments on two loans.

It is one of the few major homebuilders to have avoided default since Beijing introduced a “three red lines” policy in 2020 that aimed to reduce debt levels in the highly leveraged sector. The red lines set limits on liabilities-to-asset ratios and ensure companies hold cash reserves equivalent to at least 100% of short-term debt.

The group warned on Wednesday that if its financial performance “continues to deteriorate” it faces possible default.

If Country Garden does not meet a deadline for a bond payment at the beginning of September, it could become the biggest Chinese real estate firm to crash since Evergrande in 2021.

The company’s cashflow problems have fuelled fears that it could spread turbulence through China’s economy and financial system.

The rise of the world’s second-largest economy has been largely founded on property and construction, which account for about a quarter of China’s GDP.

Country Garden’s losses from January to June were on par with estimates it made in early August of 45-55bn yuan. Over the same period a year ago, the group posted a small profit of 612m yuan.

“The shrinkage of the property sector, coupled with the not yet restored confidence of the capital market, exerted mounting pressure on the company’s business operation,” Country Garden said in its filing to the Hong Kong stock exchange.

It added that it will “try its best to improve its operating cash flow by ensuring good sales performance, strive to revitalise under-performing assets and reducing inessential administrative expenses”.

The earnings report came out as Country Garden is negotiating with creditors to reschedule debt payments so as to avert default.

A vote by bondholders on extending repayment terms was to have been held on Friday last week but was postponed, Bloomberg reported.

Country Garden on Wednesday also proposed issuing new stock worth 255m yuan.

The company has “tried its best” to make debt principal and interest payments, it said in the latest filing.

Country Garden provides work for tens of thousands of people and is ranked by Forbes among the world’s 500 largest companies. Its boss, Yang Huiyan, was until recently the richest woman in Asia.

The woes of Country Garden and Evergrande are causing further weakness to a property sector hit hard by the pandemic and China’s economic slowdown. These problems also discourage potential homebuyers, which could pile pressure on other real estate firms.

In a sign of the market’s weakness, home prices in July fell at the quickest pace in a year, according to government figures.

Authorities are making moves to boost the key sector now, with major cities Guangzhou and Shenzhen taking steps to ease mortgage rules.


Year to date – down 66.91%

Pyramid schemes will end eventually.


Go BRICS !

• Dutch cozy up to US with controls on exporting microchip kit to China

The Netherlands on Friday started enforcing new export controls restrictions on advanced microchips production machines to China, siding with Washington in the geopolitical tussle over who controls the critical technology.

The export controls, part of a three-way deal between the United States, Netherlands and Japan at the start of the year, affect advanced microchips printing equipment. "Uncontrolled export [of the equipment] can have risks for the public security," the Dutch regulation said.

The Dutch rules come in support of a U.S.-led strategy to choke off China from critical parts of the supply chain needed to manufacture high-end microchips used in consumer electronics, computing and other domains — including military applications. "It's necessary to check in advance who's the end user and what the end use is of the production equipment," the Dutch advocate in the regulation.

But the measures also put a target on the back of Dutch semiconductor champion ASML — Europe's highest-valued tech company with a market value of around €240 billion — and have caused critics in Europe to accuse the Dutch government of bowing to U.S. pressure too easily.

ASML already faced restrictions on the export of its most advanced machines, which use extreme ultraviolet light (EUV). The new rules require the company to apply for a permit for at least three types of its machines that use less advanced deep ultraviolet (DUV). The government expects about 20 annual applications in total for a permit because of the additional DUV restrictions.

Decoupling will be 'extremely expensive'

The Dutch decision to align export controls policy with Washington and Tokyo has sidelined other European Union member countries and Europe's own chips industry in past months.

The rules don't seem to bite in the short term: ASML didn't change its financial outlook for this year, nor its "longer-term scenarios." Part of the explanation there is that ASML was still granted the necessary licenses it needed until the end of the year, an ASML spokesperson said Thursday, allowing the company to "fulfill contractual obligations." The company added though that it was "unlikely" to receive export licences for Chinese customers from January onward.

But the company is fully aware that restrictions to the Chinese market out of security concerns could become a slippery slope, threatening its unique position in a global — and highly efficient — supply chain.

Decoupling between the West and China will be "extremely difficult and extremely expensive," Christophe Fouquet, the company's executive vice president, said in June. Earlier, ASML CEO Peter Wennink said that putting "locks" on the global chips ecosystem would have "far-reaching consequences."

It could also incite China to accelerate its own production ecosystem for advanced chips — something that has not been sufficiently taken into consideration, according to critics of the export restrictions.

"We're giving a clear signal to the world: The export of our products can stop if a country bothers the U.S., because the Netherlands immediately succumbs under the pressure," Laurens Dassen, a Dutch lawmaker for the pan-European Volt party, said in a statement.

"You already see that China is starting to produce these chips itself instead of buying them from us," Dassen said.

Seeking security

The Dutch decision has prompted the rest of the European Union to speed up their work to coordinate export controls and manage risks emanating from trading with China.

Before the summer, the European Commission presented its economic security package — including a promise to review the bloc's export control regime. The Commission has said that it wants to come up with a "list of technologies which are critical to economic security" as part of the package.

Behind the scenes, diplomats and officials are squabbling over how to balance Europe's need for trade defenses for security purposes with its strategy to promote free trade and keep its industries competitive with other regions.

It's something that Dutch politicians welcome, if only to avoid being the only ones in Europe pioneering ways to regulate sensitive tech.

"In the previous decades, technology has become determinate for geopolitical relations. If that's the case, you will need a policy in the area of technology," Bart Groothuis, a liberal lawmaker who co-negotiated the bloc's Chips Act, said. The Chips Act already has some provisions that allow for more European cooperation on export controls.

The Netherlands and Europe shouldn't follow the U.S. "blindly" in that area, Volt's Dassen added: "It's about time that Europe determines its own fate. We have to make our own strategic choices and not be dependent" — on China, nor on the U.S.

China, Australia to seek common ground amid warming ties

First high-level dialogue in three years ‘open, frank and candid’


By Chen Qingqing and Yin Yeping


Published: Sep 07, 2023 10:42 PM Updated: Sep 08, 2023 12:52 AM

"Amid improving China-Australia relations, Chinese Premier Li Qiang met Australian Prime Minister Anthony Albanese on Thursday on the sidelines of the leaders' meeting on East Asia cooperation in Jakarta while the two countries resumed the high-level dialogue in Beijing for the first time since 2020. Faced with global and regional challenges and uncertainties, the two countries hope to handle differences with mutual respect, seek common ground and put aside differences to pursue mutual benefits with the much-anticipated dialogue being hailed as "open, frank and candid."

Over the past year, with the joint efforts of both sides, China-Australia relations have maintained a positive momentum of improvement. A sound and stable China-Australia relationship serves the fundamental interests and common aspirations of the people of both countries, Li told Albanese.

China is willing to work with Australia to promptly resume and restore exchanges in various fields, continue to advance dialogues and consultations in diplomacy, trade, education, and consular affairs, providing solid support for the improvement and development of bilateral relations, Li said.

Both sides should handle differences in the spirit of mutual respect, seeking common ground while putting aside differences, and pursuing mutual benefit and win-win. The Asia-Pacific region is home to both China and Australia. China is willing to work with Australia to jointly maintain peace and stability in the region, Li said.

Following the meeting between President Xi Jinping and Albanese on the sidelines of the G20 meeting in Bali, Indonesia, in November 2022, the two sides began resuming the high-level interactions that had brought a significant change from the stalemate that had been in place since 2019 due to Australia's hostile China policy.

Meanwhile, there have been positive signs in the trade cooperation between the two countries, for example, a high-level economic dialogue was resumed in May and most recently, China announced to end anti-dumping and anti-subsidy duties on barley imported from Australia starting from August 5, which is seen as a sign of improving ties.

Australia and China have made progress in returning to "unimpeded trade" and more is needed, Albanese said on Thursday, according to Reuters. He also noted that he would visit China this year, the first by an Australian leader since 2016 if the visit is realized, a confirmation of a significant step in stabilizing ties.

China welcomes Albanese's visit to China at the invitation of Premier Li Qiang, and is willing to work with Australia to make all necessary preparations, Mao Ning, a spokesperson of the Chinese Foreign Ministry, said at a press conference on Thursday.

Open, candid talks

Li Zhaoxing, Chinese former foreign minister who leads a Chinese delegation to the high-level dialogue, said at the opening of the dialogue that the essence of the China-Australia relations is reciprocally beneficial, and treating China as a threat is a strategic miscalculation.

He also emphasized the crucial role of independence and autonomy in the China-Australia bilateral relationship. "We should take the future of China-Australia relations into our own hands," he said, noting an alliance should not be pitted against partnership.

Australia-US relationship serves its own needs, and China-Australia relationship has its own value. Upholding independence and autonomy is vital for the long-term stability of China-Australian relationship, Li Zhaoxing said.

A full-day dialogue covers four sessions including political relations, trade cooperation, global and regional issues and people-to-people exchanges. The Australian delegation includes Australian industry, government, academic and media representatives led by former trade minister Craig Emerson and former minister for foreign affairs Julie Bishop.

The high-level dialogue between China and Australia has played its role in deepening mutual trust, expanding cooperation and fostering friendship. It is hoped that both sides will continue to make good use of this platform to enhance understanding and friendly sentiments between the peoples of the two countries, bringing new momentum and positive energy to the improvement and development of China-Australia relations, Chinese Foreign Minister Wang Yi told the Australian delegation in Beijing on Thursday.

The twists and challenges of the past few years cannot define the essence of our bilateral relationship, nor can they hinder the pace of China-Australia cooperation, Wang said.

Meanwhile, it's necessary to draw valuable lessons and insights from these experiences. First, we need to view each other objectively, calmly and amicably, refrain from interfering in each other's internal affairs, enhance understanding through communication, and handle our differences appropriately, the Chinese Foreign Minister said.

Second, it's vital to uphold the perspective that China and Australia are partners, not adversaries, and to recognize that China's development presents an opportunity, not a threat, to Australia.

Third, we should independently and autonomously advance the China-Australia relationship, free from the influence or interference of third parties, Wang said.

Dialogue between the two sides is open and candid, and we both emphasized the importance of seeking common ground and putting differences aside, Chen Hong, a representative from the Chinese delegation to the dialogue who is also the director of Australian Studies Centre, East China Normal University, told the Global Times on Thursday.

"When it comes to the trade relations - a cornerstone in bilateral ties, we urged to de-politicize it, and to treat the trade partnership with a rational attitude when there are always disputes existing in global trade," Chen said.

Although there were some differences, both sides have an overall positive outlook for future China-Australia economic and trade relations, especially in areas of cooperation like green and low-carbon development, an expert close to the matter who spoke on the condition of anonymity told the Global Times on Thursday.

In the context of climate change and zero-carbon emissions, traded goods between China and Australia may face adverse structural trends, such as a challenging future for Australian coal exports. Therefore, both sides should plan a blueprint for green and low-carbon cooperation and take action while establishing communication mechanisms, the expert said.

It is also important to change the mindset for problem-solving, abandon zero-sum games, enhance trade engagement, and avoid disengagement in the name of diversification and risk reduction, the expert noted.

And both sides should leverage their current bilateral trade engagement to expand mutually beneficial cooperation. Differences and disputes can and should be resolved through diplomacy and dialogue, he said.

During Li-Albanese meeting on Thursday, China's Premier said China will continue to expand its high-level opening-up to the outside world, providing a larger market for countries worldwide, including Australia.

We hope Australia will adopt an objective and fair attitude toward Chinese companies investing and operating in Australia, he said.

A meaningful, promising step

Some experts said the potential visit of Albanese is a meaningful and promising step for the bilateral relations, especially when the Australian leader needs to resist some domestic pressure including those from certain anti-China forces and overcome the pressure from Washington.

Although there have been positive signs for China-Australia relations, concerns remain for the future stability of the bilateral ties, some experts said.

For example, some attendees to the dialogue raised concerns about Australia's politically driven policy changes, where some "wolverine" politicians seem to use "simplicity" in dealing with "complicated and multifaceted" questions, creating a negative impact or even obstacles for the bilateral relations and even suppressing rational calls for cooperation within Australia, the Global Times learned.

The US has been trying to turn Australia into an important chess piece in its Indo-Pacific strategy, even seeking to transform it into an anti-China weapon through military cooperation such as AUKUS, Chen said.

"It's unlikely to change such close alliance between the US and Australia, but the current Australian government needs to have the sufficient political wisdom to avoid repeating reckless and irrational moves of its predecessor that had sabotaged the ties," he said. "

China, Australia to seek common ground amid warming ties - Global Times

China, S.Korea should expand common interests, maintain stable supply chains: Chinese premier

By Global Times

Published: Sep 08, 2023 03:58 AM

"China and South Korea should expand their common interests, jointly maintain the stable and smooth operation of industrial and supply chains, continuously make the pie of cooperation bigger and seek mutual benefit and win-win results, Chinese Premier Li Qiang said on Thursday when meeting with South Korean President Yoon Suk-yeol on the sidelines of the leaders' meetings on East Asia cooperation held in Jakarta.

China is willing to work with South Korea to implement the important consensus reached by the leaders of the two countries, uphold the original intention of establishing diplomatic relations and enhance political mutual trust, eliminating interference and moving toward each other, said Li.

China is ready to push forward the development of China-South Korea relations in line with the times, to better benefit the people of both countries and promote peace, stability, and prosperity in the region, Li noted.

China and South Korea should respect each other's core interests and major concerns, safeguarding the overall situation of China-South Korea relations. China has always supported reconciliation and cooperation on the Korean Peninsula, and has always stood for peace and stability, according to Li.

The South Korean president wished success for the Hangzhou Asian Games. South Korea-China relations have made tremendous progress in the past 30 years, benefiting people from both countries, Yoon said.

South Korea is willing to work with China to strengthen communication and dialogue at all levels, deepening exchanges and cooperation in economic, trade, cultural and other sectors, practicing multilateralism and free trade, and pushing forward stable and healthy development of bilateral relations, as well as world peace and prosperity.

South Korea is ready to strengthen coordination with China to advance trilateral cooperation between South Korea, China and Japan, Yoon said."

China, S.Korea should expand common interests, maintain stable supply chains: Chinese premier - Global Times