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FUZHOU, CHINA – Media OutReach Newswire – 8 June 2025 – Fujian recently launched the “Marine Culture in Fujian” campaign, inviting experts to express their perspectives on the province’s successful marine culture. In this video, Shan Jixiang (Director of the Expert Committee of the Chinese Cultural Relics Society and Director of the Academic Committee of the Palace Museum) and several foreign students visited the traditional village of […]

Top trade officials from the United States and China are set to meet in London on Monday, 9 June, in a bid to ease escalating tensions over tariffs, technology transfers, and critical mineral exports. The announcement follows a 90-minute phone call between President Donald Trump and President Xi Jinping, during which both leaders agreed to resume dialogue and expressed cautious optimism about resolving key disputes. Leading the […]

Oil prices maintained stability following a notable rise as market participants reacted to constructive signals from high-level discussions between the United States and China. Brent crude hovered near $65 a barrel, positioning itself for a weekly advance that would mark its first since mid-May. Similarly, West Texas Intermediate settled close to $63, reflecting a cautious but optimistic outlook amid evolving geopolitical dynamics. The dialogue between President Donald […]

By Nitya Chakraborty 26 days have passed since the temporary truce in the limited four day war between India and Pakistan taking effect on May 10 this year. Prime Minister Narendra Modi has been talking of his three point doctrine since then, the most important of which is no dialogue with Pakistan unless the ruling […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 June 2025 – May proved to be a rather challenging month for gold traders. XAUUSD, the primary financial instrument for trading gold, fluctuated in a relatively broad range between $3,120 and $3,435 per ounce (oz), but finished the month virtually unchanged, narrowly recording a fifth consecutive monthly gain. Although trading started on a bearish note, XAUUSD found support […]

African countries face growing challenges in accessing international finance as global economic uncertainty and tightening monetary policies restrict foreign capital flows. Moody’s Investors Service has highlighted the urgent need for these nations to develop robust local debt markets denominated in their own currencies to mitigate risks associated with reliance on external funding. As global financial conditions tighten, foreign investors have become more cautious about exposure to emerging […]

BEIJING, CHINA – Media OutReach Newswire – 3 June 2025 – On May 29, the 2025 Beijing Chaoyang International Tea Culture Week officially opened. This year’s festival, with a main venue at the Junwangfu Hotel, and a satellite venue at the China Central Place, creates a tea culture feast that blends tea tasting, opera appreciation, cultural experiences, and consumption. A colorful array of theatrical performances lights up […]

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Added new locations in Japan, China, the UAE and Saudi Arabia, including the brand’s first resort La Clef Bangkok by The Crest Collection is set to open soon, bringing the brand’s number of operating properties in Southeast Asia to four Launches The Crest Chronicles, the inaugural brand programme celebrating the unique heritage stories that define each property and enrich guest experiences SINGAPORE – Media OutReach Newswire – […]

The European Union has enacted measures to restrict Chinese medical device manufacturers from participating in large-scale public procurement contracts, citing systematic discrimination against European suppliers in China’s domestic market. This decision marks the first use of the EU’s International Procurement Instrument , a mechanism designed to enforce reciprocal access to public tenders.

Under the new directive, Chinese firms are barred from bidding on EU public contracts exceeding €5 million for a duration of five years. The European Commission’s investigation revealed that 87% of Chinese procurement tenders contained explicit or implicit barriers against foreign medical devices. These barriers include complex certification requirements, opaque approval processes, and pricing structures that disadvantage non-domestic suppliers.

The Commission’s findings highlighted China’s “Buy China” policy and the “Made in China 2025” strategy as central to these discriminatory practices. These initiatives aim to increase the share of domestically produced medical devices in Chinese hospitals, with targets set at 70% by 2025. Such policies have led to a significant reduction in the approval of imported medical devices in various provinces, notably in Guangdong, where approved imports dropped from 132 in 2019 to 46 in 2021.

In response, the China Chamber of Commerce to the EU expressed strong concerns, arguing that the EU’s measures could disrupt bilateral trade relations. The Chamber emphasized that European companies have historically enjoyed broad access to China’s medical device market and warned against unilateral actions that might escalate tensions.

The EU’s decision aligns with its broader strategy to reduce dependency on external suppliers for critical goods, a policy often referred to as “de-risking.” This approach seeks to ensure that European industries are not overly reliant on non-EU countries, especially in sectors deemed essential for public health and safety.

Trade Commissioner Maroš Šefčovič is scheduled to meet with Chinese Commerce Minister Wang Wentao in Paris to discuss the implications of the new measures and explore potential resolutions. While the EU maintains that its actions are proportionate and aimed at restoring fair competition, it remains open to dialogue to address the underlying issues.

The implementation of the IPI reflects the EU’s commitment to enforcing fair trade practices and ensuring that European companies have equitable access to global markets. However, the move also underscores the growing complexities in EU-China trade relations, particularly as both parties navigate the challenges of balancing domestic interests with international obligations.

MUNICH, GERMANY – Media OutReach Newswire – 1 June 2025 – The 2024/25 UEFA Champions League season reached its spectacular conclusion on 31 May at Munich Football Arena. As the Official Smartphone Product Partner of the prestigious competition for the third consecutive year, OPPO celebrated the event with a series of football-related CSR programs and cultural activations around the final as well as reaffirming its commitment to […]

By K Raveendran Brent crude oil futures continue to hover around the $65 per barrel mark, a level that reflects the push and pull of market forces clouded by a cocktail of geopolitical tensions, environmental disruptions, and strategic production decisions. As prices hold steady, the broader sentiment among traders and analysts leans toward caution, with […]

HONG KONG SAR – Media OutReach Newswire – 31 May 2025 – International mediation marked a significant milestone yesterday (May 30) with the establishment of the International Organization for Mediation (IOMed). The IOMed, with its headquarters in Hong Kong, is the world’s first inter-governmental international legal organisation devoted to the use of mediation in resolving international disputes. More than 80 countries and about 20 international organisations, including […]

Nvidia CEO Jensen Huang has issued a stark warning that U.S. export restrictions on advanced semiconductors are inadvertently accelerating China’s progress in artificial intelligence , potentially undermining America’s technological leadership. Huang contends that the sanctions, intended to curb China’s access to cutting-edge AI chips, have instead galvanized Chinese firms to develop domestic alternatives. “The Chinese competitors have evolved,” Huang remarked, highlighting Huawei’s rapid advancements. He emphasized that […]

Huatai Securities has continuously expanded its international presence since its H-share listing a decade ago. Over the past ten years, Huatai Securities has facilitated nearly 600 domestic and international financing deals for enterprises globally, with a total fundraising volume of approximately USD 280 billion. HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – As Huatai Securities approaches the 10th anniversary of its H-share listing, […]

HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – The Chinese University of Hong Kong’s Faculty of Law (CUHK LAW) continues to strengthen its position as a leading international legal education institution, offering innovative programmes and conducting impactful research that shapes the future of legal practice across Asia and beyond. Distinguished Academic Excellence Since its establishment in 2004, CUHK LAW has emerged as a […]

Revolutionizing Brain Health with CUHK Spin-off’s Cutting-Edge Technology to Enable Early Detection and Prevention HONG KONG SAR- Media OutReach Newswire – 29 May 2025 – Humansa, Asia’s leading health and longevity center, is proud to announce the launch of its ground-breaking BrainSpark Program, a brain health program in collaboration with i-Cognitio Sciences, a spin-off company from the Chinese University of Hong Kong (CUHK) founded by Prof. Vincent […]

China Media Group debuted the world’s first humanoid robot combat event in Hangzhou on May 25, 2025, showcasing bots performing martial arts moves learned from motion-captured fighters. Celebrated as a tech milestone, the competition merges innovation with spectacle, signaling China’s ambition to lead the robotics industry and pioneer real-world applications. BEIJING, CHINA – Media OutReach Newswire – 28 May 2025 – China Media Group (CMG) unveiled the […]

HONG KONG SAR – Media OutReach Newswire – 27 May 2025 – In a rare convergence of economic and environmental expertise, three landmark studies released today by ADM Capital Foundation, HKUST and WWF-Hong Kong, presenting a transformative vision—Hong Kong can reinvent itself as Asia’s premier blue economy hub. The reports—Port 1.0 to Port 2.0 (HKUST), Blue Finance for a Blue Economy (ADMCF), and Valuing the Invaluable Blue […]

Chinese Premier Li Qiang and Cambodian Prime Minister Hun Manet have reaffirmed their commitment to strengthening bilateral relations, emphasising the importance of a shared future in the face of global uncertainties. During their meeting in Kuala Lumpur on Tuesday, the leaders discussed strategies to bolster economic development and safeguard mutual interests.

Premier Li highlighted the need for both nations to collaborate closely, particularly in promoting economic growth and addressing external challenges. He stressed the significance of building a China-Cambodia community with a shared future, aiming to provide stability and certainty amid international fluctuations.

Prime Minister Hun Manet echoed these sentiments, expressing Cambodia’s dedication to deepening ties with China. He reiterated support for the Belt and Road Initiative and other collaborative frameworks, underscoring the importance of joint efforts in infrastructure development, trade, and cultural exchanges.

The meeting also saw discussions on expanding cooperation in emerging sectors such as green industries and the digital economy. Both leaders acknowledged the potential for these areas to contribute significantly to their countries’ modernization and industrialization goals.

In addition to economic collaboration, the leaders addressed regional security concerns. They agreed on the necessity of maintaining peace and stability in the region, with a focus on mutual support in international and regional affairs.

The talks concluded with the signing of multiple bilateral cooperation documents, further solidifying the partnership between China and Cambodia. These agreements encompass various sectors, including infrastructure, energy, and cultural heritage restoration.

Tesla’s ambitious plan to deploy thousands of Optimus humanoid robots across its factories by the end of 2025 has drawn scepticism from within its own ranks. Chris Walti, the former project lead for Optimus, has expressed doubts about the suitability of humanoid robots for high-speed, repetitive factory tasks, suggesting that simpler robotic designs may be more practical and efficient. Elon Musk envisions Optimus as a transformative force […]

By Nantoo Banerjee Pakistan is back in the business of pushing Jihadists into India. It is the same old story. Last week, barely 12 days after the announcement of a ceasefire on 10 May, Pakistani terrorists in Jammu & Kashmir’s Kishtwar district killed an Indian soldier in an encounter with the security forces. When were […]

HONG KONG SAR – Media OutReach Newswire – 23 May 2025 – A team of four Form Three students from Good Hope School has developed a revolutionary plastic alternative, earning them the Junior Division Grand Award in the inaugural Seek Our Ways Social Ideation Programme. Their invention, the “Fully Biodegradable Gel”, offers an edible, dissolvable and eco-friendly solution to single-use plastic. Eric Chan Sui-wai, Commissioner for Youth […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 23 May 2025 – Asian countries are navigating uncertainty amidst the U.S. tariff pause. The region runs a large trade surplus with the U.S., and many countries’ economies rely heavily on exports. Now, the Asian states have about seven weeks left to negotiate new trade deals with the U.S. Octa Broker looks at the progress made so far and […]

Chinese automaker BYD has overtaken Tesla in European battery electric vehicle registrations for the first time, marking a significant shift in the continent’s competitive electric vehicle market. In April 2025, BYD registered 7,231 BEVs across Europe, narrowly surpassing Tesla’s 7,165 units, according to data from market research firm JATO Dynamics. This milestone underscores BYD’s rapid expansion beyond its initial European markets of Norway and the Netherlands, where […]

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