Namibia: Ambassador Zhao Weiping Pays Courtesy Call on Minister of International Relations and Trade
Ambassador Zhao congratulated Minister Ashipala-Musavyi on her new appointment and said that, as good friends, China and Namibia have enjoyed frequent high-level exchanges, deepened and expanded cooperation in various fields over the 35 years since the establishment of diplomatic relations. The potential for the bilateral relations is enormous. China attaches great importance to its relations with Namibia and will work together with Namibia to actively implement the outcomes of the FOCAC Beijing summit, continue to provide strong support for Namibia's economic and social development, and promote further growth in the bilateral relations.
Minister Ashipala-Musavyi said the Namibian side appreciates that President Xi Jinping assigned special envoy to attend the inauguration of President Netumbo Nandi-Ndaitwah and thanked China for its long-term support for Namibia's economic and social development. China and Namibia share deep friendship and extensive cooperation, Namibia expects more Chinese companies to invest in Namibia.
Distributed by APO Group on behalf of Embassy of the People's Republic of China in the Republic of Namibia.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Post
7 hours ago
- Arabian Post
China's Stablecoin Shift Could Boost Yuan's Global Reach
China is reportedly on the brink of a significant policy shift that may see the introduction of yuan-backed stablecoins, a move designed to bolster the international standing of its currency. With global financial markets increasingly leaning towards digital currencies, Beijing's latest plan could mark a pivotal moment in the international adoption of the yuan. The Chinese government is set to consider a proposal to allow the issuance of stablecoins pegged to the yuan, which would aim to challenge the dominance of the US dollar and its associated stablecoins in global markets. The proposal, expected to be reviewed by the State Council, reflects Beijing's ongoing strategy to expand the yuan's reach beyond its traditional borders, positioning it as a competitor to the greenback. As part of its broader push for digital currency integration, China could allow key financial hubs such as Hong Kong and Shanghai to be the first to implement the new stablecoin systems. These cities are already at the forefront of China's broader efforts to foster the growth of digital currencies, and the stablecoin initiative could further solidify their roles as global financial centres. ADVERTISEMENT Discussions surrounding the adoption of yuan-backed stablecoins are expected to feature prominently during high-level meetings, including the upcoming Shanghai Cooperation Organisation Summit. This gathering will provide an important platform for Chinese leaders to outline their vision for the future of digital currencies, while signalling their intent to shape international policy on the use of stablecoins. The planned move is in direct contrast to China's earlier stance on cryptocurrency regulation. In recent years, the country has imposed strict measures on the use of private cryptocurrencies, citing concerns about financial stability and capital outflows. The proposed policy reversal regarding stablecoins marks a dramatic shift in strategy, moving from a position of stringent control to one of potential global leadership in digital currency innovation. Stablecoins, which are digital currencies pegged to stable assets like fiat currencies or commodities, have become increasingly popular among investors seeking to minimise volatility. In particular, US dollar-backed stablecoins have grown exponentially, with major players like Tether and USD Coin dominating the market. The success of these assets has prompted China to explore ways in which the yuan can gain a similar foothold in the emerging digital economy. By introducing a yuan-backed stablecoin, China would not only be promoting its digital currency but also attempting to influence how digital currencies are adopted globally. The move could significantly shift the dynamics of international trade and finance, particularly in Asia. As countries continue to look for alternatives to US dollar-dominated systems, China's push for a digital yuan is increasingly seen as a strategic move to improve its influence over global financial markets. Key stakeholders in the financial sector have already begun to take notice of China's evolving stance on digital currencies. Financial institutions operating in Hong Kong and Shanghai are expected to play an integral role in the rollout of yuan-backed stablecoins, with implications for both domestic and cross-border transactions. Additionally, blockchain technology providers are closely monitoring developments in this space, anticipating a surge in demand for stablecoin-related infrastructure as China accelerates its digital currency ambitions. The anticipated approval of yuan-backed stablecoins would also contribute to the development of China's central bank digital currency, the digital yuan. While the digital yuan has already been tested in select regions, the integration of stablecoins would expand the use of digital yuan products, making it more accessible to international markets. This could significantly enhance the usability of China's digital assets, providing a stable, digital alternative to traditional fiat currencies for global trade and investment. At the same time, China's global competitors, particularly the United States and the European Union, are likely to view this move with caution. While the yuan-backed stablecoin could disrupt traditional financial systems, it could also prompt a race to establish new regulatory frameworks and digital currencies to safeguard the dominance of the US dollar and the euro in global markets.


Arabian Post
7 hours ago
- Arabian Post
North Korea's Secret Missile Site Close to China
North Korea has established a covert long-range missile base near its border with China, reportedly housing some of the regime's most advanced strategic weapons. The existence of this facility was uncovered through a combination of satellite imagery and intelligence reports, marking another step in the regime's ambitious missile development programme. The base, located in a remote area of North Korea's northeast, is believed to be operational and fully stocked with missile systems capable of reaching distant targets, including South Korea, Japan, and potentially the United States. The strategic location of the base, situated close to the Chinese border, is significant, as it raises questions about North Korea's military intentions and its relationship with Beijing. This discovery aligns with ongoing concerns over North Korea's missile development activities, which have intensified in the last few years. Analysts have pointed out that the regime's missile programme is now more advanced and varied than ever before, with a growing stockpile of advanced weaponry capable of delivering nuclear payloads. ADVERTISEMENT While North Korea's missile testing has often drawn global condemnation, the development of such a base close to the Chinese border is seen as a significant strategic shift. The facility not only underscores North Korea's expanding military capabilities but also highlights the complex dynamics at play in the region. China, while historically aligned with North Korea in certain respects, has maintained a cautious stance toward the regime's growing arsenal, particularly in light of international pressure to curb the development of weapons of mass destruction. Experts suggest that the base's construction near the Chinese border could signal North Korea's intent to keep its most powerful missiles in close proximity to its allies, while simultaneously maintaining a posture of deterrence against perceived threats from both regional and global powers. By positioning these missiles near China, the regime may also be sending a signal to the international community about the growing proximity of its strategic interests with Beijing. Satellite images from the past few months show the expansion of the base, with new structures being erected and increased activity around the site. The complexity of the facility suggests it is designed to store and potentially launch missiles in a rapid-response scenario. The base's proximity to China raises further concerns about the security implications for the region, as it places advanced North Korean weapons within a short distance of Chinese territory. Although China has not publicly commented on the discovery, analysts are watching closely for any shifts in Beijing's stance. Historically, China has been wary of North Korea's provocations but has also served as a buffer against international sanctions and pressures. The development of a missile base near the border could strain this delicate balance, as China has repeatedly called for de-escalation in the Korean Peninsula and a return to diplomatic dialogue. North Korea's missile base is just one part of the regime's broader efforts to strengthen its military deterrence capabilities. Over the last decade, the country has tested a variety of missile systems, including intercontinental ballistic missiles, submarine-launched ballistic missiles, and hypersonic missiles, all of which have demonstrated increasing sophistication. The regime's ability to deploy these weapons in a controlled and discreet manner poses a growing challenge to regional security. The international community has reacted with concern to these developments, with countries such as the United States, South Korea, and Japan reiterating calls for stronger sanctions and diplomatic measures to halt North Korea's missile advancements. However, despite ongoing sanctions and diplomatic efforts, the North Korean regime has remained defiant in its pursuit of military capabilities. While North Korea's missile programme remains one of the most heavily scrutinised in the world, the discovery of this secret base underscores the regime's continued commitment to its weapons development goals. As the situation evolves, attention will likely turn to the implications of this new facility on the broader geopolitical landscape in the region and the potential for renewed tensions between North Korea and its neighbours, as well as with global powers such as the United States and China.


Zawya
9 hours ago
- Zawya
Embassy launches India-Oman Network to boost trade ties
Muscat – The Embassy of India in Muscat has announced the launch of India-Oman Network (ION), a platform designed to strengthen bilateral trade and economic relations. Described as a 'track 1.5' hybrid forum, ION aims to bring together government representatives, industry leaders, think tanks and other stakeholders from both countries for continuous engagement. Following successful ION interactions held on August 11 and 12, a series of events have been lined up in September. These include 'Discussions on the ION Concept Paper' held virtually with participants invited to share information and ideas on September 7 (1pm–2pm); short, company-level virtual sessions offering businesses a chance to explore opportunities from September 7 to 11; and official launch of ION at the Embassy of India in Muscat on September 11 (4pm–6pm). Participation requires prior registration through links shared by the embassy. Stakeholders are also encouraged to submit details of their ongoing or planned India-Oman engagements to help facilitate business connections. The embassy said the network is intended to act as a catalyst for tapping the trade and investment potential between the two nations. © Apex Press and Publishing Provided by SyndiGate Media Inc. (