Taiwan Moves Pose Hurdle for Foreign Defense Firms, AmCham Says
Changes that Taiwan made to rules for defense cooperation with foreign companies might discourage them from working with the archipelago, an American business group says — a view that comes just as China's military shows off some key advances.
A policy that was tweaked last year 'presents several challenges that risk undermining Taiwan's attractiveness as a defense market,' the American Chamber of Commerce in Taiwan said in a paper on Tuesday. It added this could slow procurement and undercut the incentive for foreign firms to invest in Taiwan.
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Refrigeration Oil Market to Reach USD 2.01 billion by 2032
Rising eco-friendly refrigerant adoption, stringent emission norms propel Refrigeration Oil demand; digitization in cold-chain bolsters market growth. Austin, June 14, 2025 (GLOBE NEWSWIRE) -- The Refrigeration Oil Market Size was valued at USD 1.38 billion in 2024 and is expected to reach USD 2.01 billion by 2032, growing at a CAGR of 4.86% over the forecast period of 2025-2032. Global Shift Toward Eco-Friendly Cooling Fuels Refrigeration Oil Demand Across Residential, Commercial, and Industrial Applications Increasing use of sophisticated cooling systems and rising environmental regulations are the factors driving the Refrigeration Oil Market. Demand for high-efficiency synthetic options is being driven by the U.S. EPA 2023 requirement to phase down high-GWP oils. A growing industrial sector in Asia Pacific and a 15% increase in synthetic oil production in China in 2023 are driving growth. Yet domestic consumption in the U.S. DOE report showed a 12% overall increase in oil used for HVAC, and Carrier's 2024 forecast projects increased shipments of biodegradable PDF Sample of Refrigeration Oil Market @ The U.S. Refrigeration Oil Market had the highest CAGR of 6.25% in the forecast period of 2025-2032, with a market size of USD 244 million. In the U.S., rising energy-efficient HVAC retrofits supported by the Department of Energy's (DoE) 2023 Green Building Initiative is driving the use of Refrigeration Oil. In late 2023, major carriers such as Honeywell and Emerson introduced low-GWP synthetic oils to meet the increasingly stringent EPA regulations and growing healthcare sector refrigeration demand. Key Players: Shell plc ExxonMobil Corporation Phillips 66 Company Chevron Phillips Chemical Company LLC Rompetrol Rafinare S.A. Sumitomo Chemical Co., Ltd. Honeywell International Inc. Junyuan Petroleum Group Merck KGaA Indian Oil Corporation Limited. Refrigeration Oil Market Report Scope: Report Attributes Details Market Size in 2024 USD 1.38 Billion Market Size by 2032 USD 2.01 Billion CAGR CAGR of 4.86% From 2025 to 2032 Base Year 2024 Forecast Period 2025-2032 Historical Data 2021-2023 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Drivers • Growth In Cold Chain Logistics and Food Storage Drives the Market Growth. If You Need Any Customization on Refrigeration Oil Market Report, Inquire Now @ By Type, Synthetic Type Refrigeration Oil Dominated the Refrigeration Oil Market in 2024 with a 48% Market Share. The dominance is owing to their thermal stability, environmental compatibility and EPA conformability. Chevron Phillips Chemical developed enhanced PAO blends that increased compressor efficiency and decreased loss. The U.S. Energy Information Administration found a 22% increase in the use of synthetic oil in hospitals and data centers, pointing to increasing demand for precise cooling. Mineral oils are being gradually replaced by biodegradable synthetic oils, due to the R&D dedicated to low-GWP refrigerant compatibility and long-term performance. By Application, the Refrigerators dominated the Refrigeration Oil Market in 2024 with a 32% Market Share. The dominance is attributed to the market is determined by the adoption of energy efficient models in North America and Asia Pacific. U.S. sales of refrigerators increased by 8%, and makers of brands like Whirlpool and LG began to install inverter compressors, which need high-performance lubricants. With consumers looking to conserve energy, reduce cost, and extend the life of their appliances, there is a heightened demand for specifically formulated refrigeration oils that combat wear and sludge throughout the category. Asia Pacific dominated the Refrigeration Oil Market in 2024, Holding a 39% Market Share. The dominance of the region is on account of fast industrialization and growing cold-chain industry in China and India. China turned out 18 percent more synthetic oil and India exported 12% more to Southeast Asia. Government incentives also contributed, including tax breaks in Thailand for energy-efficient storage that helped generate investments in chillers. Regional OEM activity also increased with Daikin opening the first dedicated synthetic oil plant in Malaysia in 2024, continuing the dominance of the region in refrigeration oil demand and production. North America is the fastest-growing region in the Refrigeration Oil Market in 2024, holding the Highest CAGR. Growth is the result of EPA regulations requiring the reduced use of high-GWP oils and a retro fit wave in commercial refrigeration. Emerson introduced chlorine-free PAOs in response, as U.S. commercial HVAC oil use rose 18% compared to last year. Consumption of synthetic oil in the data center market in Canada also increased by 10%, indicating a broader regional trend towards more sustainable, higher performing refrigeration oil solutions across critical infrastructure Full Research Report @ About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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The Next Leg Up Has Just Begun: Why I'm Expecting A 20% Gain Over The Next 6 Months
What a difference a couple of months can the White House announced their widely anticipated tariff plan on April 2nd, the markets hit their correction lows a week later on April their worst, the Dow was down -13.9% for the year, with the S&P down -17.8% and the Nasdaq down -23.4%.Then, two days later, on April 9th, it was announced there would be a 90-day pause on the reciprocal tariffs for most countries (sans China at that time), while bilateral talks with each country took soared on the news with the S&P making their largest one-day advance (+9.52%), in more than 15 years, and soon stringing together their longest winning streak (9 up days in a row) in two then, the major indexes have all surged by double-digits from their 4/7 lows, with the Dow up by 15.3%, the S&P up by 23.6%, and the Nasdaq up by 31.3%.And not only are all of the indexes trading higher than where they were before the tariffs were originally announced, the S&P and the Nasdaq are back in the plus column for the year. Moreover, the S&P is just 2.72% away from their all-time high, while the Nasdaq is only 3.80% away from U.S. and the U.K. were the first to sign a trade just a few days ago, the U.S. and China announced a 'framework deal,' extending the agreement from last month, which paused the escalated reciprocal tariffs that each country imposed on the other, with the U.S. bringing their tariffs on China down from 145% to just 30%, and China bringing theirs down from 125% to 10%, while additional details are worked should be many more trade deal announcements in the coming weeks/month as the 90-day pause has only one month Treasury Secretary Scott Bessent, in testimony before the House Ways and Means Committee the other day, said the White House was open to extending the 90-day pause on reciprocal tariffs to those who have shown 'good faith' in ongoing trade remarked that the U.S. has 18 'important trading partners,' and that the Administration is 'working toward deals with those countries.'The tariff news has shifted from panic to In Disguise Even though the selloff was blamed on tariff fears, I contend the market was ripe for a pullback anyway, after running up too far, too fast at the end of last year and early this it was clearly an opportunity in pullbacks/corrections are defined as a decline between -5% and -9.99%, and they happen on average of 3-4 times a year. Corrections are defined as a decline between -10% and -19.99%, and they happen on average of about once a year. And bear markets are defined as a decline of -20% or more, and they happen on average of about once every 5 years. (Although, we've actually had a couple within the last 5 years.)As painful as pullbacks and corrections are, they are very common. Every bull market has if you know these are commonplace moves, you can instead look at them as opportunities to buy rather than places to bear markets come and go as well. But the moves back up are every previous bear market has resulted in a new bull the last two bear markets (2020 due to the pandemic, and 2022 due to high inflation/high interest rates and subsequent banking scare), show just how quickly the gains can add one year from the bear market low in 2020, the S&P was up 74.9%.From the 2022 bear market low, it was up 22.4% 12 months later, 62.6% 24 months later, and 71.8% less than 2½ years later before peaking on 2/19/ should also know that pullbacks, corrections and bear markets are often accompanied by great panic and hysteria. And we definitely saw plenty of tariff-induced panic and declines like that help refresh and strengthen the market before the next leg I believe we are on the cusp of a new, huge move are some reasons why 2025 could ultimately shape up to be a historic bull market.I Told You So I don't want to say I told you I kind of the pullback in March (it was down -5.75%), and when the market hit the skids in early April, I was writing articles on what the probability was that we could actually see the market finish higher in one of the things I pointed to was an amazing short, it showed that since 1945, in every instance when the S&P was down by -3% or more in March, it was then higher in happened 7 times at that point. And each and every time it was higher in average gain in April was 5.92%.That would be a heck of a move given the S&P was down as much as -13.8% at its worst in we didn't quite get into the plus column by April's end, it sure came close, ending the month with only a -0.91% loss. For those who bought early, you were essentially back to even. For those who bought near the lows, you likely saw big that March/April stat no longer has a 100% success rate, 7 out of 8 times is still a pretty amazing there's at April thru the end of the year, it was higher in 6 out of those 7 years, with an average gain of 20.3%.A move I'm sure no one would want to a move I'm expecting to see this time around Repeats Itself That 20% gain fits perfectly with this next year saw the S&P 500 soar by 23.3%.That was the second year in a row of 20%+ gains. (2023 was up 24.2%.)That's a feat rarely seen in the fact, it was the first time it was up 20% or more for two years in a row since 1995-1996. (Prior to that, you'd have to go all the way back to 1954-55.)In 1995 the S&P was up 34.1%. That was the beginning on the dot-com (technology) 1996 it was up 20.3%.So, what happened in 1997? It was up another 31.0%.(BTW, 1997 was one of those 7 years I mentioned earlier. In March of '97, the S&P was down -4.26%. But in April it gained 5.84%. And from April to year's end, it gained 28.17%.)1998? Up another 26.7%.And in 1999, it was up 19.5%.A spectacular rally that lasted 5 long, glorious the dot-com bubble arrived in 2000. But not before people got rich over the preceding 5 years with a 220% increase in the S&P, while plenty of individual stocks were up several hundred percent to several thousand I believe we could possibly see the same thing again now. Maybe 5 years or more of boom times – for similar reasons, and some unique to the present Booms: Past And Present (AI Tech Boom Is Alive And Well) The tech boom back then saw everybody go nuts for technology stocks, driven by the internet and dot-com was new and exciting. And the internet was forecast to change the way people shopped, did business, and interacted with each promise was real, as we now what's the parallel?In part, it's another tech this modern technology boom is being driven by Artificial Intelligence (AI).And it's forecast to be just as transformative as the personal computer, the internet and the mobile phone. And it's expected to touch virtually every industry in some way shape or form, as well as impact ordinary AI trade has worked so well for a reason -- because the AI boom is real, and is supported by real earnings, and real growth there are plenty of other catalysts that make the market outlook even more . . .------------------------------------------------------------------------------------------------------Saturday Deadline: Claim your Free Copy of One single idea changed Kevin Matras' life as an investor, allowing him to tap into the greatest force driving stock prices. In Finding #1 Stocks, Kevin explains his top stock-picking secrets and strategies based on this powerful the market gained +27.4%...these strategies produced gains up to +307.1%.¹You can take full advantage of them without attending a single class or seminar, in a lot less time than you think. Opportunity ends midnight Saturday, June your free book now >>------------------------------------------------------------------------------------------------------Inflation And Interest RatesWhile progress on inflation had slowed at the end of last year, recent inflation reports show that the path back down to the Fed's 2% target has mostly week's Consumer Price Index (CPI, retail inflation) showed core inflation (ex-food & energy) at 2.8% y/y, in line with last month, and down from the previous month's 3.1%. In fact, it's down a half percent just in the last 4 months, defying fears that inflation would creep Producer Price Index (PPI, wholesale inflation) has shown similar progress, coming in at 3.0% y/y, easing from last month's 3.1%, and down more than a half percent from the 3.6% it was just 4 months the latest Personal Consumption Expenditures (PCE) index (the Fed's preferred inflation gauge), came in at 2.5% vs. last month's 2.7%, and as high as 3.0% just a few months everyone agrees that inflation is still too high, Fed Chair Jerome Powell has acknowledged the 'significant progress' that's been made on inflation, while maintaining a 'strong, but not overheated' jobs though the Fed is not ready to cut interest rates again just yet, citing uncertainty around tariffs, the Fed is still forecasting 2 more rate cuts this year (presumably by 25 basis points each).And that comes on the heels of the 100 basis points they cut last year (all within 4 short months).Plus, when interest rates begin to fall again, you can be sure plenty of money tied up in money markets will find their way back into equities, further supporting stock Earnings Outlook Is For Growth Let's also not forget that earnings drive stock while everyone was fretting over tariffs, the earnings picture never wavered and continues to point to growth.Q1'25 earnings season, for example, showed S&P earnings up 11.9%.Q2 is forecast at 5.2%.Q3 is forecast at 4.2%.Q4 is forecast at 5.5%.And Q1'26 is forecast at 8.4%.So, while tariff fears and even recession fears shook the market previously, none of that is showing up in the aggregate earnings again, earnings are the key driver of stock What WorksSo how do you fully take advantage of the market right now?By implementing tried and true methods that work to find the best example, did you know that stocks with a Zacks Rank #1 Strong Buy have beaten the market in 29 of the last 37 years (a 78% win ratio) with an average annual return of more than 24% per year? That's more than 2 x the S&P, including 4 bear markets and 4 recessions. And consistently beating the market year after year can add up to a lot more than just two times the also killed in 1995 with a 52.6% gain; 1996 with 40.9%; 1997 with 43.9%; 1998 with 19.5%; and 1999 with 45.9%. It was also up in 2000 by 14.3% while the S&P was you also know that stocks in the top 50% of Zacks Ranked Industries outperform those in the bottom 50% by a factor of 2 to 1? There's a reason why they say that half of a stock's price movement can be attributed to the group that it's in. Because it's true!Those two things will give any investor a huge probability of success and put you well on your way to beating the you're not there yet, as those two items alone will only narrow down a field of 10,000 stocks to the top 100 or so. Way too many to trade at the next step is to get that list down to the best 5-10 stocks that you can Profitable Strategies Picking the best stocks is a lot easier when there's a proven, profitable method to do by concentrating on what has proven to work in the past, you'll have a better idea as to what your probability of success will be now and in the course, this won't preclude you from ever having another losing trade. But if your stock picking strategy picks winners more often than losers, you can feel confident that your next trade will have a high probability of are a few of my favorite strategies that have regularly crushed the market year after Highs: Studies have shown that stocks making new highs have a tendency of making even higher highs. And this strategy proves it. The alignment of positive price action and strong fundamentals creates all the necessary conditions to see these stocks soar to even greater heights. Over the last 25 years (2000 through 2024), using a 1-week rebalance, the average annual return has been 37.6% vs. the S&P's 7.7%, which is 4.9 x the Growth: Small-caps have historically outperformed the market time and time again. Often these are newer companies in the early part of their growth cycle, which is when they grow the fastest. This strategy combines the aggressive growth of small-caps with our special blend of growth and valuation metrics for explosive returns. Over the last 25 years (2000 through 2024), using a 1-week rebalance, the average annual return has been 44.3%, beating the market by 5.8 x the Zacks Rank 5: This strategy leverages the Zacks Rank #1 Strong Buys, and adds two time-tested filters to narrow the list of stocks down to five high probability picks each week. Over the last 25 years (2000 through 2024), using a 1-week rebalance, the average annual return has been 48.4%, which is 6.3 x the best part about these strategies (aside from the returns) is that all of the testing and hard work has already been done. There's no guesswork involved. Just point and click and start getting into better stocks on your very next To Start There's a simple way to add a big performance advantage for your stock-picking success. It's called the With this fun, interactive online program, you can master the Zacks Rank in your own home and at your own pace. You don't have to attend a single class or Method for Trading covers the investment ideas I just shared and guides you to better trading step by step, plus so much quickly see how to get the most out of the proven system that has more than doubled the market for over three decades. Discover what kind of trader you are, how to find stocks with the highest probability of success, and how to trade them so you can consistently beat the market no matter where stock prices are get the formulas behind our top-performing strategies suited for a variety of different trading best of these strategies produced gains up to +307.1% in 2024 while the S&P 500 gained +27.4%.¹The course will also help you create and test your own stock-picking is the perfect time to get in. I'm giving participants free hardbound copies of my book, Finding #1 Stocks, a $49.95 value. Its 300 pages unfold virtually every trading secret I've learned over the last 25 years to beat the note: Copies of the book are limited and your opportunity to get one free ends midnight Saturday, June 14, unless we run out of books first. If you're interested, I encourage you to check this out out more about >>Thanks and good Executive VP Kevin Matras is responsible for all of our trading and investing services. He developed many of our most powerful market-beating strategies and directs the Zacks Method for Trading: Home Study Course.¹ The individual strategies mentioned herein represent only a portion of the ones covered in the course. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Global Times: A new era of shared development and cultural exchange with China: Colombian Ambassador to China
Colombia joins China's Belt & Road Initiative, boosting trade, culture, and development on 45th anniversary of ties. Beijing, China, June 14, 2025 (GLOBE NEWSWIRE) -- In an era marked by unprecedented global transformations, the world stands at a critical crossroads, grappling with deepening deficits in peace, development, security, and governance. As humanity faces unparalleled challenges during this tumultuous period, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, has put forth a solemn call to action through the Global Development Initiative (GDI), the Global Security Initiative (GSI), and the Global Civilization Initiative (GCI). The three pivotal initiatives address the pressing issues of our time, offering viable pathways and robust support for the building of a global community with a shared future. Rooted in the rich historical experiences of the CPC's century-long struggle and infused with the wisdom of China's traditional culture, these initiatives are expected to unite the world in the pursuit of common progress and stability. To offer a deep understanding of the three global initiatives, and elaborate on their significance on a global scale, the Global Times is launching a series of articles. China and Colombia signed a cooperation plan on jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road on May 14. The year 2025 marks the 45th anniversary of the establishment of diplomatic relations between China and Colombia. Since the establishment of diplomatic relations 45 years ago, the two countries have witnessed the steady growth of economic and trade ties with tangible results. China is now Colombia's second-largest trading partner, while Colombia ranks as China's fifth-largest trading partner in Latin America. Colombia's agricultural products, ranging from coffee to cut flowers, are becoming increasingly popular in the Chinese market. In this issue, Global Times reporters Xu Liuliu and Liu Yang (GT) spoke with Colombian Ambassador to China, Sergio Cabrera Cardenas (Cabrera), about bilateral cooperation and exchanges, as well as his insights on the GDI, the GCI, and the GSI. GT: Colombian President Gustavo Petro was in Beijing for the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum in May. On May 14, Colombia officially joined the building of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, a milestone decision in Colombia's diplomatic history. Why did Colombia make such a decision? How will the two sides expand trade through mechanisms such as cross-border e-commerce and free trade agreements? Cabrera: Colombia's accession to the Belt and Road Initiative (BRI) has been a long process that began around six years ago during the previous government. Although the previous government initiated some studies, it decided not to join. When President Gustavo Francisco Petro took office, he quickly sent copies of the memorandum to the different ministries and institutions that were somehow related to the commitments that were going to be made. It has been a two-year study process, as it is natural, in any case, that there were many people interested in strengthening the bilateral relationship with China through the BRI decision. Colombia is a country strongly influenced by the US, a country that has been its natural ally, as the US is the country with which Colombia has the most trade, so both the influence of the North and that of the business sector was a brake on the possibility of signing this agreement, but fortunately, thanks to the relationship between the Colombian Foreign Ministry and the Chinese Foreign Ministry, all the adjustments were made and the agreement was signed, and we are very satisfied to say that we were able to sign this agreement. [Signing the agreement] was a challenge for me. That is, since I arrived at the embassy, I was resolved that, whatever it took, we had to find the way to sign it, and at this moment I believe that the people who are better versed with what has been signed, are very satisfied, as this cooperation is crystallizing in projects, with the plan to start studying different initiatives and projects to move forward little by little. We are acting on taking the first step of a great march, and I think that it will strengthen e-commerce, physical commerce, education, culture, industry, and agriculture. Everything will benefit greatly from the signing of this memorandum. GT: Since being proposed in 2021, the GDI has been continuously substantialized, its implementation mechanisms increasingly refined, and practical cooperation under its framework has gradually taken shape, thereby offering China's solution to bridging the development gap in Global South countries as well as building a better world together. May I ask, what is your view on the content of the GDI? Cabrera: As for the GDI, I think this is a very important step that China has taken through President Xi Jinping, as it is an important initiative that considers the future in many aspects. China has a lot to teach the world. China is a country that has managed to strengthen, enrich, and build itself in the last 50 years. It has taken many people out of poverty, while developing industry and its technology. It is a great example for the rest of the world and especially for us Latin Americans and Colombians. The GDI , as I understand, it is the opportunity to exchange experiences and seek to walk toward the same objective, a global objective through which we can live together in peace and help each other to develop. GT: How do you view the role of the GCI in promoting cultural and people-to-people exchanges, cultural integration, and mutual understanding between China and Colombia? Cabrera: I have always thought that art, literature, and culture are not only tools but vehicles for development to get to know each other. In recent years, the cultural exchanges between Colombia and China have grown and in the future, we hope there will be many more exchanges because we have many things in common. Although we are two very different countries, we have the same love for the same literature, music, dance, and art. We like the same things and each one civilization approaches each passion uniquely. I believe that the arrival of cultural samples from another country enriches the country that receives it. Culture is important, but art is more important, as art generates emotions and feelings in any of its manifestations, such as in painting, in poetry, and in music. It makes people want to look for goodness and peace, so I think it is very important to strengthen the mechanisms of cultural and artistic cooperation between Colombia and China. GT: Security is a prerequisite for development, and humanity is an indivisible security community. The GSI aims to eradicate the root causes of international conflicts, improve global security governance, and urge the international community to join hands in injecting more stability and certainty into an unstable and changing era, so as to achieve lasting world peace and development. Under the current challenges and issues faced by the international community, how do you view the important significance of the GSI for today's world? Cabrera: I have grew up in a bipolar world in my youth, and not so long ago, we lived through the Cold War between the Soviet Union and the US. Today the world is more open, and there are many more possibilities. China, as such an important power, has entered the scene. It seems very important to me that in the search for world security, the US is not the world's policeman; the one who is going to fix the world's problems. The world is full of US military bases, which I don't think are of much use, because the world is still very imbalanced, so I think that the entry of China as a factor that contributes to reach a consensus on the interests of the peoples of the world in the search for world peace will be very important. I think it [GSI] is one of the most important initiatives that China has at this moment and toward the future. GT: How would you evaluate the China-CELAC Forum as an important platform for equal dialogue and mutually beneficial cooperation between China and Latin America? In an external environment where unilateralism is on the rise, how can China and Latin America strengthen multilateral cooperation to uphold free trade? Cabrera: The forum is an important organization for our Latin American and Caribbean region, and the union of these countries in CELAC has led to important advances and developments, and of course, the relationship between CELAC and China is very important because China is the country that is currently most interested in developing our region. It is the country that is most willing to invest in our region and that is why this forum, which just concluded, was so important, and that is why the conclusions of the forum are aligned with seeking to implement projects to help the development of the region and of each one of our countries. GT: As you say, this year marks the 45th anniversary of the establishment of diplomatic relations between China and Colombia. Ambassador, how do you evaluate the achievements of both countries in the last 45 years and the current development of bilateral relations? Cabrera: Cooperation between Colombia and China has been, and continues to be very important, and will be very important in the future. China has participated in the construction of many large Colombian projects, perhaps even the largest, such as the construction of the subway, the regional trans, and some highways. China is also somehow involved in the construction of the largest hydroelectric dam in Colombia. There are many Chinese projects related to the fight against global warming. It also provides technology transfer, with projects of communications, such as Chinese tech company Huawei. There are around 120 Chinese companies that are working in Colombia and they are helping greatly in the construction of infrastructure communications, health, and education. Aside from the signing of the adhesion to the BRI opens new possibilities, because China is generously offering opportunities for infrastructure construction and this is a moment in which our country needs to develop, needs to make big investments. There are not many interested in helping us, but China is interested in helping us. The BRI is helping countries develop big form of infrastructure with projects that benefit the people. GT: How do you see the prospects for cooperation between the two countries in cultural fields such as literature and tourism? How do you plan to promote cultural exchanges between the two countries in these sectors? Cabrera: We have talked about the importance of strengthening cultural exchanges, and we have immediate and long-term plans. This year is the 45th anniversary of the establishment of diplomatic relations between Colombia and China, so we have already carried out some activities. Books by Colombian authors have been published and translated into Chinese, as we have great writers like García Márquez and Álvaro Mutis. In addition, we also have many singers such as Shakira, which was known among the Chinese youth. I know that Shakira is interested in coming to China, and the embassy has a plan to take advantage of this year. We are also going to bring poets for meetings in China. Other projects include the film festival and every time the directors will come. We are also in talks to make a large sample of our art photography, contemporary, art and also ancient heritage. We are planning for the symphony orchestra of Colombia to return again at the end of the year, in order to celebrate the 45th years of the establishment of diplomatic relations with a great concert by the symphony orchestra of Colombia. This story first appeared in Global Times: Company: Global TimesContact Person: Anna LiEmail: editor@ Beijing Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking in to access your portfolio
