Latest news with #Fujian
South China Morning Post
21 hours ago
- Business
- South China Morning Post
Host China offers Pacific nations more climate change help in high-level talks
Beijing has pledged to expand its support for Pacific Island countries in building climate resilience, and to continue law enforcement cooperation in the region, during high-level talks in the coastal city of Xiamen in southeastern China's Fujian province on Wednesday. Advertisement Top diplomat Wang Yi made the commitment, which included US$2 million for the climate change fund, at the third foreign ministers' meeting between China and Pacific Island states. It was also the first in-person gathering since the 2021 inaugural event. The meeting – part of Beijing's continuing efforts to reinforce its outreach to the strategically important region – convened with foreign ministers and senior diplomats representing 11 of the 18 member states of the Pacific Islands Forum. According to a document released on Wednesday night after the meeting, China's US$2 million investment will be used to expand cooperation in renewable energy, agriculture, fishery, low-carbon infrastructure, and tourism. Under a new climate change cooperation initiative, China will undertake 100 'small-and-beautiful' projects – a new model that shifts the focus of the Belt and Road Initiative from mega infrastructure to small and sustainable improvements in people's lives. Advertisement These projects will set out to enhance the capability of Pacific Island nations to tackle climate-related hazards and the impacts of climate change, the document said.
Bloomberg
2 days ago
- Business
- Bloomberg
China Bank Touts Wall Street Internship for $1 Million Deposit
As Chinese banks battle for deposits amid sinking interest rates, one lender, briefly, took a novel approach to win business: It offered help in securing internships at some of the nation's biggest companies as well as Wall Street banks for families who put in more than $1 million. In ad posted on WeChat, Fujian-based Industrial Bank Co. touted its help to private banking clients or their offspring get internships at firms including JPMorgan Chase & Co. and Citigroup Inc. as well as major Chinese companies. The offer was rescinded after it was slammed on social media.
The Star
2 days ago
- Entertainment
- The Star
China's Fujian cuisine, culture shine at overseas Chinese celebration in New York
NEW YORK, May 27 (Xinhua) -- A Fujian food and culture share session was held in New York City on Saturday, attracting nearly 500 guests from the overseas Chinese, business and academic communities. The event, titled "Overseas Chinese Family Happiness in New York," was organized by the American Fujian Association of Commerce & Industry, aimed to promote Fujian Province's cuisine and traditional culture among both Chinese expatriates and the broader American public. Marking the association's 33rd anniversary, the event included a rich variety of traditional cultural demonstrations, such as lion dance, guzheng performance, Min opera interpreted in Fuzhou dialect, and a traditional Chinese dress cheongsam show, which drew applauses from the audience. In the spirit of the upcoming Dragon Boat Festival, organizers distributed Zongzi and scented sachets to the audience, enhancing the festive atmosphere. The audience also experienced the charm of traditional food, art and festival culture through diverse cultural experience activities such as calligraphy, tea art and paper-cutting. It is a cultural event that allows overseas compatriots to revisit their hometowns and gives the American public a close sense of the glamor of Chinese culture, said Zheng Wei, president of the American Fujian Association of Commerce & Industry. Fujian cuisine is an important part of the overseas Chinese food industry. Overseas Chinese Family Happiness is a three-year-old event that has been successfully organized since 2022 in China's southeastern Fujian Province, as well as many other countries and regions such as the United States, Italy, Spain, and Malaysia, sharing the richness of traditional Chinese food culture with the world.
Bloomberg
3 days ago
- Climate
- Bloomberg
Southern China Braces for Heavy Rain as Wheat Belt Drought Eases
Southern China is bracing for heavy rain that's set to replenish soil moisture in some parched agricultural regions, following storms last week that provided relief for wheat farmers in the north of the country. Provinces including Fujian, Jiangxi, Guangdong and Yunnan are facing torrential rain of more than 250 millimeters (10 inches) from Wednesday through Friday, according to the China Meteorological Administration. Heavy precipitation is also forecast for Guangxi, where drought has parched sugarcane crops.
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Business Standard
4 days ago
- Automotive
- Business Standard
China's Fujian carrier on sea trials, J-35 stealth fighters begin testing
China's most advanced aircraft carrier, the Fujian, has completed its eighth and reportedly most 'intensive' sea trial, according to state media CCTV. Video of the carrier sailing from Shanghai's Jiangnan Shipyard into open waters was shared by the broadcaster on Sunday local time, with maritime traffic restrictions issued in the surrounding area. The Fujian is the Chinese navy's third aircraft carrier and the first to be equipped with electromagnetic catapults, a key feature that allows for the launch of heavier and more advanced aircraft. With a displacement of over 80,000 tonnes, it is the largest conventionally powered warship in the world. The carrier was launched in June 2022 and began sea trials in May 2024. CCTV reported that the carrier's fifth-generation stealth fighters, known as the J-35, have also undergone tests. While it did not confirm whether the jets were launched from the Fujian, prior sea trials have shown indications, such as tyre marks, that limited 'touch-and-go' operations may have taken place. What is the J-35 fighter jet? The J-35, also referred to as the FC-31 in earlier development stages, is China's carrier-based fifth-generation stealth fighter. Designed by Shenyang Aircraft Corporation, it is intended to match the capabilities of the American F-35C. The jet features low-observable stealth characteristics, twin engines, an internal weapons bay, and advanced avionics, making it suitable for carrier operations in high-threat environments. Manufacturing of the J-35 began in the late 2010s following early prototype tests of the FC-31, which first flew in 2012. The navy's version, modified for catapult-assisted takeoff and arrested recovery, has undergone extensive redesigns, including reinforced landing gear, folding wings, and upgraded radar systems. The J-35 is a key component of China's push to develop a modern, blue-water navy capable of projecting power far beyond its shores. Once fully operational with the Fujian, the combination is expected to significantly boost the People's Liberation Army Navy's (PLAN) capacity for long-range missions and offshore defence. Earlier reported indicate that Pakistan Air Force (PAF) has approved the purchase of 40 J-35A fifth-generation stealth fighter jets at the end of last year, expected to be delivered by early 2026. This agreement marks China's first export of such advanced military technology and is a significant milestone in the defense partnership between the two nations. These stealth fighters are expected to replace Pakistan's ageing fleet of American F-16s and French Mirage fighters. China military spending and modernisation drive China has been steadily increasing its military spending over the last few years, maintaining its position as the world's second-largest defence spender after the United States. For 2025, Beijing has announced a 7.2 per cent rise in its defence budget, bringing total military expenditures to approximately $266 billion. For reference, the US' defence budget for the same year is $895 billion and Russia $126 billion. India, meanwhile, has allocated around $75 billion for its 2025 defence budget. China also boasts the world's largest navy. The budget hike comes amid heightened geopolitical tensions in the Taiwan Strait and the South China Sea, and as trade tensions continue with the US.
