logo
Ethiopian, Chinese media outlets vow closer ties to strengthen cultural exchange

Ethiopian, Chinese media outlets vow closer ties to strengthen cultural exchange

The Star15-05-2025
ADDIS ABABA, May 15 (Xinhua) -- Chinese and Ethiopian media outlets have underscored the importance of deepening cooperation to enhance mutual understanding and strengthen people-to-people ties.
The remarks were made during a high-level forum held Wednesday in Addis Ababa, the capital of Ethiopia, under the theme "Seeing China: Fostering China-Ethiopia Media Collaboration."
Jointly organized by the National Radio and Television Administration of China, Ethiopia's Government Communication Service, and the Chinese Embassy in Ethiopia, the event brought together around 200 participants, including senior Ethiopian officials, Chinese diplomats, media representatives from both countries, scholars, and African content creators.
Addressing the event, Ethiopia's Minister of Government Communication Service Legesse Tulu said that as Ethiopia undergoes sweeping changes across its socio-economic landscape, the media sector must evolve in parallel, anchored in public service, professionalism, and people-centered content.
"China offers valuable lessons, from its investment in media technology to the nurturing of local talent, and from the governance of the digital ecosystem to the global influence of its creative industries," said Tulu. "We are eager to learn from this experience, while also contributing Ethiopia's rich oral traditions, dramatic heritage, and youth creativity to our joint media future."
Cao Shumin, director of the National Radio and Television Administration of China, said that "broadcasting, television, and online audiovisual contents are important bridges and links for promoting cultural exchanges and enhancing people-to-people connectivity."
The event also marked the launch of "China Hour," featuring a curated selection of Chinese TV series, animations, documentaries, and various Chinese audiovisual contents, which will be broadcasted across several Ethiopian media platforms, including the state television.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Economic Watch: Richer Asians put money on Hong Kong's wealth management boom as city diversifies products
Economic Watch: Richer Asians put money on Hong Kong's wealth management boom as city diversifies products

The Star

time42 minutes ago

  • The Star

Economic Watch: Richer Asians put money on Hong Kong's wealth management boom as city diversifies products

by Xinhua writer Liu Yinglun HONG KONG, Aug. 9 (Xinhua) -- Hong Kong's wealth management sector is receiving a particular boost in 2025 on top of years of steady growth owing to a brisk stock market and new investment options for an expanding high-net worth clientele in Asia. Latest data from the Hong Kong Monetary Authority (HKMA) showed that total assets under management of major private banks in Hong Kong grew by 14 percent in the first half of this year as compared to the end of 2024. Standard Chartered said the number of affluent clients in Hong Kong grew 8 percent in the first half of the year with net new money from such clients up 35 percent. HSBC's wealth management business added 600,000 clients. The surge in asset and wealth management is driven both by growing wealth in the Asia-Pacific region and Hong Kong's inherent strengths including a mature financial market and a robust banking system, noted HKMA Chief Executive Eddie Yue. Private wealth in Asia-Pacific is among the fastest-growing worldwide. The number of individuals with a net worth of over 10 million U.S. dollars in Asia surpassed 850,000 in 2024, up 5 percent year on year. Among them, over 470,000 are from the Chinese mainland, accounting for 20 percent of the global total, according to the Wealth Report 2025 published by real estate consultancy Knight Frank. "Hong Kong offers mainland high-net-worth individuals access to global assets. Foreign investors, increasingly heartened by China's economic prospects, can find here Chinese assets to keep in their portfolios," Pau Ka-Yan, tax partner of Deloitte China, told Xinhua. The Hong Kong bourse has recorded brisk tradings so far this year because global investors continued to increase their holdings in awe of the economic vitality of the Chinese mainland and Hong Kong, market observers noted. By the end of July, total market capitalization of Hong Kong's securities market hiked 44 percent year on year. By mid-July, the 52 initial public offerings raised 124 billion Hong Kong dollars (15.8 billion U.S. dollars) in total, nearly seven times the value recorded in the same period last year. To bolster the wealth management sector, the Hong Kong Special Administrative Region (HKSAR) government has introduced tax incentives for family offices and enhanced financial services. Now it is tapping the potential of digital assets. Total transaction value of digital asset-related products and tokenized assets in banks surged 233 percent to 26.1 billion Hong Kong dollars in the first half of the year, local data showed. The licensing process for fiat-referenced stablecoins issuers began after the Stablecoins Ordinance took effect on Aug. 1. "The availability of digital asset-related products has given Hong Kong a unique edge in the eyes of high-net-worth clients, who are developing an appetite for new asset types," said Pau. Analysts expect the wealth management business to sustain growth in the coming years as market connectivity strengthens between the mainland and Hong Kong. The HKSAR government is working to launch a renminbi counter for stock connect schemes so that mainland investors can buy Hong Kong stocks with greater ease. Global banks have announced plans to expand their wealth management businesses in Hong Kong. David Liao, co-chief executive of Asia and Middle East of HSBC, told Xinhua that the company will boost its private banking team this year and upgrade services through wealth centers across Hong Kong.

DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit
DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit

Malaysian Reserve

time2 hours ago

  • Malaysian Reserve

DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit

NEW YORK, Aug. 9, 2025 /PRNewswire/ — Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of 3D Systems Corporation (NYSE: DDD) between August 13, 2024 and May 12, 2025, both dates inclusive (the 'Class Period'), of the important August 12, 2025 lead plaintiff deadline. So what: If you purchased 3D Systems securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the 3D Systems Corporation class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@ for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 12, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) 3D Systems had understated the impact of weakened customer spending on 3D Systems' business, while overstating its resilience in challenging industry conditions; (2) in addition, the updated milestone criteria in the United Partnership (a partnership with United Therapeutics Corporation) would negatively impact 3D Systems' Regenerative Medicine Program revenue; and (3) as a result, 3D Systems' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the 3D Systems class action, go to call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@ for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: or on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Kim, Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827case@

Indonesia accelerates construction of first bioethanol factory in South Papua
Indonesia accelerates construction of first bioethanol factory in South Papua

The Star

time4 hours ago

  • The Star

Indonesia accelerates construction of first bioethanol factory in South Papua

JAKARTA (Xinhua): Indonesian Deputy Minister of Energy and Mineral Resources Yuliot Tanjung has announced that the country is building its first bioethanol factory in Merauke, South Papua province, as part of its efforts to develop alternative energy and reduce dependence on fossil fuels. Bioethanol is an ethanol-based liquid fuel made from plant-derived raw materials. Indonesia has allocated 2 million hectares of land in Merauke for sugarcane plantations, which will serve as the primary raw material for bioethanol. "We hope that in 2027 we will be producing bioethanol in Merauke, South Papua," Yuliot said. The factory will have three units, with each producing 300,000 kiloliters per year. - Xinhua

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store