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Under Hong Kong’s First Five-Year Plan, Hong Kong will focus on strengthening the four centres, developing the hub for high-calibre talent, consolidating and enhancing its competitive edge as an international city.

Hong Kong’s status as world-renowned international financial, maritime and trade centres as well as an international aviation hub underpin the city’s high-quality development and provide a firm foundation for the city’s long-term stability and prosperity.

“We will consolidate and enhance Hong Kong’s status as an international financial centre, and stay committed to our global positioning,” Mr Lee said. “Hong Kong will deepen the development of its global offshore Renminbi business and capital market, develop an international asset and wealth management centre and international risk management centre, enhance the securities market and expand fixed income and commodity trading.”

Hong Kong has become the world’s largest cross‑boundary wealth management centre this year, and the HKSAR Government will continue to develop a more attractive asset and wealth management ecosystem, Mr Lee said.

Hong Kong will develop a commodity trading ecosystem with gold as an entry point by driving the development of the clearing system, storage, supply, and infrastructure related to gold trading. The city’s central clearing and settlement system for gold will be officially launched in the first quarter of 2027.

“The significance of the First Five-Year Plan for Hong Kong lies in a mindset shift; we must plan Hong Kong’s financial development with a longer-term vision and broader perspective to adapt with flexibility and diversity,” said Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury. “Each of our initiatives centres around one objective, which is to elevate Hong Kong from a ‘corridor of capital’ to a ‘destination of choice’.”

Hong Kong was ranked the world’s fifth‑largest entity in merchandise trade in 2025. The HKSAR Government announced plans to consolidate and enhance Hong Kong’s status as an international trade centre, playing a greater role in the high‑level opening up of the Chinese Mainland.

Since the Task Force on Supporting Mainland Enterprises in Going Global was established last October, it has provided assistance, including listing and raising capital in Hong Kong, aligning with overseas standards, acquiring industry certifications and fulfilling compliance requirements for more than 340 Mainland enterprises.

The Task Force will strengthen collaboration with professional organisations to train talent for the GoGlobal initiative and enhance professional services, among other areas.

“In alignment with the National 15th Five-Year Plan’s call to advocate and practise true multilateralism, the First Five-Year Plan proposes to continue expanding international economic and trade network,” said Algernon Yau, Hong Kong’s Secretary for Commerce and Economic Development.

“We will actively forge free trade agreements and investment agreements with economies that are of development potential or strategic locations. Meanwhile, we will expand our network of overseas offices, and leverage the combined networks of our overseas Economic and Trade Offices, InvestHK, and the Hong Kong Trade Development Council offices globally to deepen overseas ties and step up trade and investment promotion.”

As an international maritime centre, Hong Kong has ranked fourth globally in maritime comprehensive strength for seven consecutive years. The Five-Year Plan will drive a “volume to value” transformation of the Hong Kong Port, capitalising on its strengths in high value‑added maritime services, to develop Hong Kong into a “Global Maritime Capital”.

To promote high value-added services, the industry will develop “Finance + Shipping”.

Taking advantage of the city’s well‑established maritime finance, insurance and maritime arbitration under common law, Hong Kong will build an integrated ecosystem under which Hong Kong‑invested enterprises adopt Hong Kong law, take out Hong Kong insurance and choose for arbitration to be seated in Hong Kong.

Regarding aviation, Hong Kong’s passenger throughput recorded a year‑on‑year increase of 15% last year, to 61 million, with flights to over 220 destinations. The city’s air cargo throughput reached 5.07 million tonnes, making its airport the world’s busiest cargo airport for the 15th year since 2010.

To strengthen development as international aviation hub, Hong Kong will expand its aviation network, and diversify business opportunities.

The HKSAR Government will continue to take the initiative to visit South America, Africa, Central Asia, the Middle East and the Caucasus to expedite the conclusion of new air services agreements and the expansion of traffic rights, thereby assisting the industry in exploring new passenger and cargo sources.

As for building Hong Kong as an international innovation and technology centre, the HKSAR Government will step up its efforts to promote artificial intelligence (AI) applications across various trades, and continue to strike a balance between encouraging innovation and protecting security, thereby enhancing Hong Kong’s international competitiveness in AI development.

In alignment with the national strategic technology areas, Hong Kong will focus on core technologies such as life and health, AI and robotics, microelectronics, new energy, advanced manufacturing and new materials. It will also continue to raise the ratio of Total Domestic Expenditure on Innovation Activities to Gross Domestic Product, striving to reach 3% after 2030.

Hashtag: #HongKong#PolicyAddress#First5YearPlan#FourCentres

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This year marks the 5th anniversary of the establishment of the China-ASEAN comprehensive strategic partnership, the inaugural year of the “Plan of Action to Implement the ASEAN-China Comprehensive Strategic Partnership (2026-2030)”, and a critical year for accelerating the implementation of the China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol following its signing.

The 23rd CAEXPO has a total exhibition area of approximately 170,000 square meters, showcasing the latest achievements of cooperation between China and ASEAN countries, as well as new business opportunities under the Version 3.0 China-ASEAN Free Trade Area (CAFTA). More than 3,400 enterprises from over 70 countries and regions are participating, with the total number of exhibitors increasing by 5.3% compared to the previous session. Timor-Leste made its debut as a formal ASEAN member state and co-organizer of the CAEXPO. This marks the first time that all 11 ASEAN countries have gathered in Nanning, Guangxi, since ASEAN’s expansion, representing a historic moment for the CAEXPO’s circle of friends. In addition to the main exhibition area at the Nanning International Convention and Exhibition Center, two other exhibition areas are set up at CAAIC Community and the Guilin International Conference & Exhibition Center.

For the first time, an ASEAN country demand exhibition is set up during the event, and an ASEAN demand list is released for the first time, focusing on showcasing projects and application needs of ASEAN countries in areas such as transportation, smart logistics, artificial intelligence applications, urban management, and park construction, creating a new one-stop precise matchmaking platform for China and ASEAN.

In addition, more than 50 economic and trade promotion activities will be held during the event, focusing on trade and investment facilitation and regional economic integration, cross-border industrial and supply chain cooperation, “Shop in China”, “Export to China”, “Invest in China”, and other topics.

Hashtag: #CAEXPO#CABIS

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Hong Kong: A Gateway to Global Business

Aashni Rungta’s journey to The Chinese University of Hong Kong (CUHK) began with a clear vision: to study in the East’s most dynamic educational hubs. As a second-year Integrated BBA student from India, Aashni was drawn to Hong Kong’s unique position as a global financial centre. “I was always sure I wanted to study in the East—places like Hong Kong or Singapore,” she reflects. For Aashni, CUHK stood out not just for its academic reputation, but for its holistic approach to student development and its vibrant international community.

Balancing Academic Rigour with Personal Growth

Choosing CUHK meant embracing both comfort and challenge. Aashni found that the university’s environment pushed her beyond her comfort zone while providing the necessary support to thrive. Specialising in Finance and Data Analytics, she has quickly adapted to the rigorous curriculum. “CUHK has pushed me academically, but more than that, it has helped me grow as a person,” she notes. The transition from a close-knit family in India to independent life in Hong Kong was made easier by the supportive campus atmosphere, where every corner now carries a special memory of her first year.

Leading the International Student Community

Aashni’s impact extends far beyond the classroom. Recently elected as the President of the International Student Association (ISA), she has taken on a significant leadership role to give back to the community that welcomed her. “Being elected as the ISA President has been one of the most meaningful experiences,” Aashni shares. Through this role, she aims to foster a sense of belonging for international students, organizing events like BBQs and late-night campus walks that define the unique CUHK experience.

Building a Future in Finance and Analytics

Looking ahead, Aashni is eager to explore internship opportunities in Hong Kong’s thriving business and finance world. Her first year has already instilled a newfound sense of independence and confidence. “CUHK has made Hong Kong feel a little more like home,” she says. With a focus on finance and data analytics, she is well-positioned to contribute to the city’s tech-driven economy, carrying with her the friendships and challenges that have shaped her transformative first year.

Programme Details: CUHK’s Integrated BBA Programme

The Integrated BBA (IBBA) programme at CUHK is designed to equip students with a broad-based business education while allowing for deep specialisation. Key highlights include:

• Flexible Curriculum: Students can choose from nine concentrations, including Finance, Data Analytics, and Marketing.

• Global Recognition: Consistently ranked among the top business schools in Asia and the world.

• Practical Training: Strong emphasis on internships, mentorship, and practical training with industry leaders.

• Diverse Community: A vibrant international student body fostering global perspectives and networks.

For more information about CUHK’s Integrated BBA programme, visit: https://www.bschool.cuhk.edu.hk/programs/ibba/

Hashtag: #CUHK

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Dr. Julie Xing, Global Board Chairman and CEO Discusses New Pathways to High-Quality Growth with Global Business Leaders

GUANGZHOU, CHINA – Media OutReach Newswire – 17 September 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the century-old sauce brand and the only sauce and condiments brand among this year’s Forum partners, actively participated in the 2026 Fortune Global 500 Forum, held on September 16 in Guangzhou, China. Julie Xing, Ph.D., Global Board Chairman and Chief Executive Officer of Lee Kum Kee Sauce, was invited to speak at a panel discussion and to attend the Most Powerful Women (MPW) Breakfast, joining other leading global business leaders to explore the key pathways for enterprises to achieve sustainable growth.

Under the theme “The New Growth Equation”, this year’s forum brought Dr. Xing and three other industry leaders, including Pingyi Huang, Senior Vice President of Shandong Weiqiao Pioneering Group Co., Ltd.; Weiming Xiang, Vice President, GE Aerospace and President, GE Aerospace Greater China; and John Qu, Senior Partner, McKinsey & Company, for a panel discussion titled “The Invisible Moat: Revaluing Soft Power and Sustainability”. Moderated by Wei Yue, Senior Editor at Fortune China, the discussion explored what truly constitutes long-term advantages that can withstand cycles amid rapid technological iteration and intensifying competition. Topics spanned brand trust and consumer mindshare in consumer goods, data insights and organizational transformation in the AI era, and the pathways and stages of globalization for Chinese enterprises.

During the Forum, Dr. Xing was invited to share her insights at the MPW Breakfast themed “Decision-Making Power in the Age of Efficiency”, where she joined leaders from across industries to discuss opportunities and challenges for businesses in the new era. She highlighted that while AI enhances operational efficiency, human judgment, leadership and long-termism remain more critical competitive advantages.

As a recipient of the 2026 Fortune China’s MPW list, Dr. Xing has earned this recognition for three consecutive years. Launched in 2010, the MPW list is regarded as one of the most representative rankings of women business leaders in China.

The Fortune Global 500 Forum this year brought together representatives from over 350 leading global companies, academic institutions, and business leaders worldwide. Discussions focused on topics including artificial intelligence, global supply chain transformation, sustainable development, and opportunities in emerging markets.

Looking ahead, Lee Kum Kee will continue to uphold its commitment to quality and innovation. Alongside driving business growth, the company will further deepen its sustainability practices, nurture talent, and enhance corporate governance, working with all stakeholders to forge new pathways to high-quality growth.
Hashtag: #LeeKumKee #LKK

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About Lee Kum Kee Sauce

Lee Kum Kee Sauce is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee Sauce’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee Sauce’s rich heritage, unwavering commitment to quality, sustainable practices and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit www.LKK.com.

About Fortune

Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world’s new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.

The model supports multimodal inputs including text, images and video, and generates high-fidelity 1080p videos of 5 to 20 seconds with natively synchronized audio

BEIJING, CHINA – Media OutReach Newswire – 17 September 2026 – HiDream.ai, an AI company specializing in foundation models and generative AI, announced the launch of HiDream-O1-Video-1.0, or HiDream V1, its native omnimodal video generation model.

Designed around a deeper understanding of creative intent and real-world physics, HiDream V1 supports multimodal inputs including text, images and video. It can generate high-fidelity 1080p videos ranging from 5 to 20 seconds, with enhanced narrative planning, character consistency, physical plausibility and audiovisual synchronization.

In its debut on two independent international benchmarks, HiDream V1 ranked No. 4 globally on the Artificial Analysis Image to Video Leaderboard (With Audio) and No. 8 on the Arena.ai Image-to-Video leaderboard, placing it among the world’s leading video generation models.

Artificial Analysis independently evaluates leading AI models through standardized and reproducible benchmark testing. Arena.ai uses anonymous head-to-head comparisons and user voting to assess model outputs. Together, the two platforms provide third-party perspectives on model performance based on both standardized testing and real-world user preferences.

HiDream V1’s results demonstrate its competitiveness across key dimensions including visual quality, prompt adherence, motion quality, narrative coherence and audiovisual coordination.

The global AI video generation market has become increasingly competitive, with models developed by Chinese teams—including Seedance and MiniMax H3—maintaining strong positions on international leaderboards. HiDream V1’s top-tier debut further expands China’s presence among the world’s leading video generation models.

“The next generation of video models will not be defined solely by higher resolution or longer duration,” said Yao Ting, Chief Technology Officer of HiDream.ai. “What matters is whether a model can genuinely understand a creator’s intent and how objects, actions and sounds interact in the real world. HiDream V1 was designed from the outset to represent text, video and audio within a unified framework. Our goal is to move video generation beyond simply looking sharp and moving smoothly toward understanding instructions, sustaining coherent performances and keeping sound aligned with visuals. Its performance on two independent international benchmarks provides encouraging validation of our native omnimodal approach.”

Upgrades in Visual Fidelity, Narrative Coherence and Character Consistency
HiDream V1 introduces broad improvements in high-fidelity rendering, narrative continuity and character consistency. Rather than optimizing only for the quality of individual frames, the model is designed to maintain coherence across an entire video sequence.

Once characters, emotions, motivations and physical rules are placed within a continuous sequence, each element can affect the others. HiDream therefore uses a technical framework built around three stages: planning first, followed by joint generation, and then alignment through multimodal reward signals.

Under this approach, the model first plans the narrative and character states at a global level. It then jointly constrains visuals, movement and semantics during generation, before using multimodal reward signals to align visual quality, continuity and physical plausibility.

Native Omnimodal Architecture for Better Intent and Physics Understanding
The central challenge in AI video generation is shifting from the quality of individual frames to a broader understanding of complex instructions, continuous motion and the rules governing the physical world.

User prompts often contain multiple layers of information, including characters, actions, settings, camera directions, dialogue and sound. To handle these requirements more effectively, HiDream V1 incorporates multimodal intent understanding and planning. Before generation begins, the model structures the user’s request across elements such as shot duration, setting, character state, movement, facial expression, composition, camera motion, dialogue and ambient sound.

Through this “understand, plan and generate” workflow, HiDream V1 plans narrative development and character states at a global level, while coordinating visuals, motion, semantics and audio during generation. This is designed to improve content completeness, character consistency and continuity between shots.

Physical reasoning is another core capability of HiDream V1. The model incorporates factors such as gravity, inertia, collisions, deformation, materials, lighting and spatial continuity into the generation process. As a result, object movement, character actions and environmental responses can more closely reflect the behavior of the real world.

This approach moves video generation beyond reproducing visual appearances and toward modeling how a dynamic world operates over time.

Content-Adaptive Video Duration
Most current video generation models require users to specify a fixed duration in advance, forcing the content to fit within a predetermined time window. This can lead to unnecessary pauses after an action has ended or the use of slow motion to fill the remaining time.

HiDream V1 instead incorporates duration into its narrative planning process. Within a range of 5 to 20 seconds, the model can determine an appropriate video length based on how an event unfolds, how long an action takes to complete and the pacing required by the content.

The capability is not simply a matter of adding or removing frames. It is designed to make duration serve the narrative, producing more natural pacing and more complete sequences. Users can focus on describing the event and intended outcome, while the model plans the corresponding temporal structure.

Conventional AI video generation systems often follow a staged workflow in which visuals are generated first and sound is added afterward. This can lead to mismatches between lip movements, physical actions, ambient sound and sound effects.

HiDream V1 uses a native omnimodal architecture to jointly model text, video and audio signals. The three modalities constrain and inform one another within a single generation process. Visual motion influences sound timing, dialogue and sound effects contribute to the emotional tone of a scene, and text conditions guide the generation process throughout.

This unified approach is designed to improve synchronization across character performance, environmental changes and physical actions.

During post-training, HiDream uses Diffusion Reinforcement Learning and a multimodal reward model aligned with human perception and aesthetic preferences. Generated content is evaluated across multiple dimensions, including visual quality, semantics, motion, physical plausibility and sound, helping improve overall consistency and realism.

Completing HiDream’s Native Omnimodal World Model Portfolio
HiDream V1 is not a standalone model. It is a core component of HiDream’s native omnimodal world model strategy.

Built on a unified UiT, or Unified Transformer, foundation, the company’s portfolio now comprises four major model families:

• HiDream-O1-Image, for image understanding and generation;
• HiDream-O1-Video, for dynamic content generation and temporal storytelling;
• HiDream-O1-World, for 3D environment simulation and real-time interaction; and
• HiDream-O1-Embodied, for spatial reasoning, action planning and feedback in embodied AI.

Rather than operating as four separate technology stacks, the models are designed to evolve from the same unified architecture. Together, they cover spatial understanding, temporal modeling, 3D interaction and embodied action, creating an integrated system for perceiving, understanding, generating, interacting with and acting upon the physical world.

HiDream’s models have previously achieved leading results on several independent benchmarks. HiDream-O1-Image 1.5, the commercial version of the company’s image model, ranked No. 2 globally and No. 1 among Chinese models on the Artificial Analysis text-to-image leaderboard, while its open-source edition also reached No. 2. HiDream-O1-World ranked No. 1 overall on WBench, a benchmark for interactive world models. HiDream-O1-Embodied achieved first-place results in the disturbance adaptation and spatial reasoning categories of RoboColiseum.

“We are not building four isolated model product lines,” said Dr. Mei Tao, founder and CEO of HiDream.ai. “We are building a native omnimodal system that shares a unified technical foundation and continues to evolve toward a deeper understanding of the real world. Competition among the next generation of foundation models will depend not only on improvements in individual capabilities, but also on whether different modalities can understand, generate and interact within a unified architecture.”

From understanding and generating the world to simulating and acting within it, the launch of HiDream V1 completes a key part of HiDream’s native omnimodal world model portfolio.

Alongside the launch of HiDream V1, HiDream announced the completion of a Series C+ financing round backed by New Micro Capital, Jiaozi Capital and ICBC Capital. The proceeds will support native omnimodal model research and development, product iteration, AI computing infrastructure and the expansion of industry applications.

New Micro Capital was jointly established by Shanghai New Micro Technology Group, Shanghai Science and Technology Venture Capital Group and its management team. The firm manages nearly RMB 10 billion in assets.

As the corporate venture capital arm of New Micro Technology Group, New Micro Capital is expanding its investments in artificial intelligence. Drawing on the group’s industrial capabilities in specialty integrated-circuit manufacturing, it seeks to advance collaboration across AI infrastructure, model technologies and end-user applications.

Jiaozi Capital is a wholly owned state-backed equity investment platform under Chengdu Jiaozi Financial Holding Group. The firm focuses on artificial intelligence and other strategic technology sectors, using long-term capital and industrial resources to accelerate technology commercialization and ecosystem development.

With the launch of HiDream V1, HiDream’s native omnimodal world model strategy is moving from a technical roadmap toward an integrated system supported by a unified foundation, a coordinated model portfolio and deployable product capabilities.

HiDream V1 is currently in internal testing and is expected to become available in the near future. Users can learn more at: https://hiharness.ai/

Hashtag: #HiDreamAI

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About HiDream.ai

HiDream.ai is an artificial intelligence company focused on generative AI and native omnimodal world models. Built on its unified UiT architecture, the company’s model portfolio spans image generation, video generation, interactive world simulation and embodied intelligence. HiDream aims to develop AI systems capable of understanding, generating, simulating and acting upon the real world.

Leaderboard disclaimer: Rankings cited in this release reflect publicly available results at the time of publication and may change as participating models, evaluation data or platform methodologies are updated.

Rotating chairman David Wang said at Huawei Connect 2026 in Shanghai on Thursday that the company plans to release the 960DT in the first quarter of 2027 and the Ascend 960PR in the third quarter. The roadmap places Huawei’s next generation of accelerators at the centre of its effort to build domestic alternatives for training and running increasingly demanding AI models.

Huawei also unveiled the Ascend 960 SuperPoD and an upgraded version of its UnifiedBus interconnect technology, designed to link large numbers of processors so they can function as one computing system. The company said a combination of UnifiedBus and its Hi-ONE optical system could connect as many as 4,000 processors within a SuperPoD, extending high-speed optical links deeper into the machine.

The strategy reflects a broader shift towards system-level performance rather than relying solely on the capability of individual chips. Advanced AI workloads require thousands of processors to exchange data rapidly, making networking bandwidth, memory access and cluster efficiency increasingly important alongside raw chip performance.

Wang said Huawei has developed 11 semiconductors based on UnifiedBus technology for use across its large computing systems. Its biggest planned superclusters will be able to support up to one million AI processors, he said, while the company has already shipped more than 1,000 smaller supernodes to more than 370 customers.

Huawei did not identify those customers or give a detailed breakdown of shipments. It also did not provide independently verified benchmarks directly comparing the new 960-series chips with Nvidia’s leading accelerators, leaving questions over single-chip performance, software compatibility and manufacturing scale.

The company had previously said the Ascend 960 would offer twice the computing power, memory capacity, memory bandwidth and interconnect ports of the Ascend 950 generation. Huawei has also been developing the Atlas 960 SuperPoD and SuperCluster, with the larger system intended to combine more than one million neural processing units when it reaches the market.

Huawei’s current product roadmap also includes the Ascend 950DT, due in the fourth quarter of 2026. The company has said that processor will use its HiZQ 2.0 high-bandwidth memory, providing 144 GB of capacity and 4 terabytes per second of bandwidth. Those specifications are intended to support both model training and the decode stage of inference workloads.

US restrictions have limited China’s access to cutting-edge Nvidia processors and advanced semiconductor manufacturing equipment, giving domestic suppliers greater room to expand. Huawei has emerged as the most prominent of those suppliers, but Nvidia retains a major advantage through its CUDA software ecosystem and a broad global developer base.

Chinese AI developers have increasingly turned to domestic accelerators for inference, where trained models generate responses, even as many frontier laboratories continue to depend on Nvidia hardware for the most demanding training jobs. That split has made Huawei’s ability to improve both hardware and software a critical test of whether China can reduce its dependence on foreign computing infrastructure.

Huawei is also contending with shortages of high-bandwidth memory, a key component in AI accelerators. The company has designed memory for some newer Ascend products, but supply constraints across the industry have increased costs and complicated efforts to scale production quickly enough to meet demand.

The group is seeking to offset those limitations through architectural changes, advanced packaging, optical networking and tighter integration between chips, systems and software. Its SuperPoD approach is intended to compensate for weaker performance from individual processors by allowing much larger numbers of chips to work together with lower latency.

The 2026-2030 plan, released on Wednesday, calls for an integrated gold ecosystem covering storage, trading, clearing, refining and related financial services, while encouraging more renminbi-denominated commodity products. The government said it would strengthen links with mainland exchanges and attract international investors as it develops the city’s role as a global offshore renminbi centre.

It describes gold as an asset and envisages a one-stop storage, trading and clearing centre.

The strategy gives formal five-year backing to a gold-market expansion already under way. Hong Kong began trial operations of a central clearing and settlement system for gold in July and plans to launch the system formally in the first quarter of 2027. The administration is also seeking to expand storage capacity, improve refining capability and support more gold dealers and financial institutions in establishing operations in the city.

The plan says Hong Kong will explore renminbi-denominated gold and commodity markets and deepen co-operation with the Shanghai Gold Exchange and Shanghai Futures Exchange. It also aims to increase the range of products priced in the Chinese currency and encourage the use of renminbi for pricing and settlement in spot commodity transactions.

Chief Executive John Lee’s administration has framed the programme as part of a broader effort to strengthen Hong Kong’s position as an international financial centre while aligning more closely with China’s national development priorities. The five-year plan also seeks to enlarge the city’s offshore renminbi business, improve liquidity support and expand the range of renminbi bonds and other financial products.

Hong Kong remains the world’s largest offshore renminbi market. The government said offshore renminbi lending reached a record 935 billion yuan in 2025, while renminbi bond issuance reached 1 trillion yuan for a second consecutive year. The new plan proposes a dedicated offshore renminbi liquidity provision mechanism and wider use of the currency in trade, investment, financing and government expenditure.

Gold is intended to provide the first platform for a wider commodities push. The government said Hong Kong would use its status as an approved delivery point in the London Metal Exchange’s global warehousing network to develop trading, risk-management and financing services across additional commodities.

Since Hong Kong joined the LME warehousing network in 2025, approved storage space has exceeded 60,000 square metres and metal inventories have risen above 20,000 tonnes, according to the government. Authorities plan to facilitate more LME-approved warehouses in the Northern Metropolis and introduce a half-rate tax concession for physical commodity trading to attract additional market participants.

The Hong Kong Exchanges and Clearing group also plans to announce details this year for new renminbi-denominated, physically settled gold futures contracts. The government said the contracts are intended to strengthen the currency’s role in precious-metal pricing and provide another channel for international investors to gain renminbi exposure.

Other measures include possible tax concessions for qualifying gold and commodity activities, additional insurance capacity for gold storage and trading, and support for an industry-led trade association. Officials are also examining tokenised warehouse-receipt financing and blockchain-based systems that would allow commodity inventories to be used more flexibly as collateral.

The administration has set a target of lifting Hong Kong’s gold storage capacity to more than 2,000 tonnes within three years. It is also encouraging internationally qualified refiners to establish or expand local operations, with government agencies assisting interested companies in identifying sites and navigating regulatory requirements.

Closer integration with mainland markets is another element of the strategy. The plan calls for wider market access between Hong Kong and mainland gold markets and further collaboration with the Qianhai Mercantile Exchange, including development of renminbi-settled commodity futures, options and spot products.

Foreign Ministry spokesman Guo Jiakun said on Monday that artificial intelligence was a consequential technology for humanity and should be developed openly and inclusively. Asked about calls from Dario Amodei, Sam Altman and Elon Musk for companies to slow frontier development, Guo warned that “fear-mongering, confrontation and vicious competition” would hinder sound global AI governance.

The response came as Washington’s debate over AI safety widened into a strategic argument about China. Anthropic chief executive Amodei has urged tougher safeguards for advanced systems and has argued that a Chinese lead in frontier AI could create national security risks for the United States. OpenAI chief executive Altman and Musk have also called for stronger precautions as systems become more capable.

Trump, however, has resisted proposals that could materially slow US development. He said this week that America already had tools to police the industry and stressed the importance of maintaining leadership over China. House Speaker Mike Johnson similarly rejected a moratorium, saying any pause could hand Beijing a competitive advantage and create national security risks.

The dispute places AI governance among the issues likely to shadow the Trump-Xi meeting scheduled for September 24 in Washington. The leaders are also expected to confront trade disputes, semiconductor restrictions and China’s controls on rare-earth exports, all of which affect the broader contest over computing capacity and advanced manufacturing.

Treasury Secretary Scott Bessent is due to meet Vice-Premier He Lifeng before the summit.

China has presented a different framework for AI governance, emphasising access, development and multilateral rules while opposing measures it regards as technological containment. At the BRICS summit this month, Xi proposed an open-source and inclusive AI initiative and said China would help establish a BRICS AI open-source community and digital ecosystem platform.

Beijing has nevertheless acknowledged the risks posed by increasingly powerful systems. Chinese officials have called for stronger global governance and risk awareness, while arguing that safety should not become a justification for blocking technological diffusion. The government has also supported the establishment of the World Artificial Intelligence Cooperation Organization, whose founding agreement was signed in Shanghai in July by 29 countries.

The argument over safety is closely linked to semiconductor controls. Washington has maintained restrictions on the export of advanced computing technology to China, although the Commerce Department in January shifted applications for Nvidia H200, AMD MI325X and comparable chips to case-by-case review under specified security conditions. Beijing has repeatedly criticised US technology restrictions as discriminatory and has threatened countermeasures when Chinese companies are targeted.

China’s Commerce Ministry last week also challenged a US cybersecurity advisory accusing China-based AI companies of using distillation campaigns against American models. The ministry said China was prepared for an intergovernmental AI dialogue with the United States but would respond if Washington used such allegations to suppress Chinese firms.

That exchange underscored the difficulty of separating AI safety from the strategic rivalry. US officials and technology executives increasingly frame advanced models as both commercial assets and national security capabilities, while China portrays broad restrictions as attempts to preserve US dominance.

There are areas of overlap. Both governments have said advanced AI presents risks requiring governance, and the two sides have agreed to launch an intergovernmental dialogue on the technology. Informal discussions among researchers and policy specialists have also continued, though official positions remain far apart on access to chips, model controls and the balance between safety and development.

The September 24 summit follows Trump’s May visit to China, when the two leaders agreed to pursue what the White House described as strategic stability and set up new bilateral trade and investment mechanisms. Artificial intelligence was not the centrepiece of those agreements, but it has since moved higher on the bilateral agenda as concerns over model capabilities, export controls and industrial competition have intensified.

The value of technology goes beyond efficiency. Emma Wu noticed that a large number of overseas fresh fruit brands are stepping up their presence in China, while many domestic brands are showing a strong desire to go global. Emma Wu remarked: “A growing number of international brands are now registering Chinese brand names, setting up dedicated consumer brand teams, and increasing their investment at the retail end. The essence of branding lies in brand owners extending their quality commitment to the end consumer. This, in turn, requires them to maintain effective control of product condition at every link of the domestic supply chain. The same applies to Chinese brands going global.”

In the past, once imported fruit arrived at port, quality essentially entered a “black box” — brand owners had no visibility over key metrics like arrival temperature, handling status, or outbound records across the supply chain.

Emma Wu added that AI is transforming the fresh fruit and vegetables industry from one that “runs on experience” to one that “makes decisions with data.” In sorting and quality inspection, AI vision technology can assess coloration, size, and defects within a second — with greater accuracy and consistency than the human eye. In warehousing, automated equipment is taking over repetitive tasks such as material handling and palletizing. In transportation, IoT sensors track the temperature and location of every load in real time, and could raise the alarm before any issue arises.

Built around the unique characteristics of berry products, VX Logistics has customized a comprehensive end-to-end solution encompassing precision temperature and humidity management as well as rapid in-warehouse throughput — supporting the annual market launch of close to 200 million boxes of berries for Driscoll’s.

Zespri has been a partner of VX Logistics for over a decade. VX Logistics has built a full end-to-end system for Zespri in China – covering warehousing, quality inspection, ripening, automated sorting, and packaging.

“Cold-chain logistics is not a cost center — it is a value center.” She further pointed out that cold-chain logistics today is no longer merely a cost item for warehousing and transportation. It is a provider of supply chain solutions for brand clients. Both expanding overseas and deepening presence in China demand stable temperature and humidity control and quality assurance. The technological nature and professional reliability of cold-chain operations make cold-chain logistics an “added value” that safeguards product quality and reduces loss.

After 13 years of dedicated development, VX Logistics’ cold-chain scale now ranks first in Asia and stands firmly among the global top tier. As the supply chain service provider behind renowned fruit brands such as Zespri, Driscoll’s, Envy Apples, and Rockit, VX Logistics’ core competitive edge lies in its technology-driven supply chain services.
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The Uzbek delegation of 24 members was warmly received by Dr. CHOI Yuk-Lin, Secretary for Education of the HKSAR Government; Prof. Harry SHUM, Council Chairman of HKUST; Prof. Nancy IP, President of HKUST, and senior university leaders.

In a high-level meeting with the University’s leadership, Prime Minister Aripov engaged in in-depth discussions on higher education development, artificial intelligence (AI), technological innovation, talent cultivation, research commercialization, and opportunities for closer collaboration between Uzbekistan and HKUST. The exchange also explored pathways for strengthening academic partnerships, expanding student and faculty mobility, and supporting Uzbekistan’s ambitions in developing a knowledge-based economy and emerging technology sectors.

Prime Minister Aripov said, “We are deeply impressed by HKUST’s achievements and its ability to translate cutting-edge research and innovation into practical industrial applications. With over 7,000 Uzbek students pursuing higher education across China, we see tremendous potential to strengthen our academic ties with Hong Kong and prioritize HKUST as a key destination for our students. As both Uzbekistan and HKUST mark their 35th anniversaries, establishing this partnership presents a symbolic and meaningful opportunity to expand educational excellence and global reach together.”

Prof. Shum said, “We are deeply honored to welcome Prime Minister Aripov and the distinguished Uzbek delegation to HKUST during the Belt and Road Summit. As a young, globally minded university celebrating our 35th anniversary, HKUST serves as a vital super-connector—bringing together diverse talent from over 80 nationalities. Building on our foundation with the El-Yurt Umidi Foundation, this visit marks a pivotal step in deepening ties between Hong Kong and Central Asia, opening up new horizons for collaborative growth and youth development along the Belt and Road.”

President Ip added, “We were delighted to engage in a highly productive and forward-looking dialogue with Prime Minister Aripov and his delegation. Uzbekistan’s strategic priorities in AI, robotics, fintech, and cybersecurity align closely with HKUST’s research strengths and advanced facilities. AI and medical science, in particular, offer promising areas for collaboration and could serve as important starting points for future joint initiatives. Beyond educational exchanges, we see tremendous opportunities to deepen cooperation in research, innovation, talent development, and knowledge transfer. We look forward to visiting Uzbekistan and working closely with our partners to co-create impactful solutions, nurture future-ready talent, and contribute to sustainable economic and technological development.”

HKUST also signed a Memorandum of Understanding (MOU) with the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan. The agreement establishes a framework for educational collaboration and promotes excellence and innovation in teaching, learning, and research. Witnessed by Prime Minister Aripov, Dr. Choi, and Prof. Shum, the MOU was signed by President Ip and Mr. Salomov Uktam RAHIMOVICH, Deputy Minister of Higher Education, Science and Innovation of the Republic of Uzbekistan.

The Prime Minister and his delegation toured the HKUST Von Neumann Institute, where they learned about the University’s world-leading research and innovation capabilities in AI. The delegation was introduced to HKUST’s latest advancements in next-generation multimodal AI systems, robotic intelligence technologies, AI-driven 3D understanding and generation, and large-scale healthcare models, as well as their potential applications in addressing societal and industrial challenges. During the visit, the delegation met with 31 Uzbek students studying in Hong Kong, including 14 undergraduates currently enrolled at HKUST, to learn about their academic experiences and life in the city.

Hashtag: #HKUST

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About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class university renowned for its innovative education, research excellence, and impactful knowledge transfer. Adopting a holistic and interdisciplinary approach to education, HKUST was ranked 33rd globally and 6th in Asia in the QS World University Rankings 2027 and QS Asia University Rankings 2026, respectively. It was also ranked 20th worldwide in the Times Higher Education Sustainability Impact Ratings 2026, placing first among universities in Hong Kong and the Chinese Mainland for the third consecutive year. Eleven HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2026. In addition, HKUST’s Computer Science discipline, which encompasses areas such as artificial intelligence and machine learning, was ranked No. 1 in Hong Kong for the tenth consecutive year in the Times Higher Education World University Rankings by Subject 2026. Its graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In research and entrepreneurship, more than 80% of HKUST’s research was rated “world-leading” or “internationally excellent” in the University Grants Committee’s Research Assessment Exercise 2020. As of July 2026, HKUST members had founded more than 2,000 active start-ups, including 11 unicorns and 22 successful exits through initial public offerings (IPOs) or mergers and acquisitions (M&A).

Chinese President Xi Jinping used the 18th BRICS Summit to argue that countries should pursue development paths suited to their own national conditions, a message that overlapped with the summit’s broader emphasis on policy autonomy, inclusive growth and reform of global institutions.

Addressing the first leaders’ session on September 12, Xi marked 20 years of BRICS cooperation and said members had strengthened themselves through unity while preserving independence in choosing their economic and social models. He described BRICS as an increasingly important platform for emerging markets and developing countries.

The summit’s New Delhi Declaration gave that theme wider institutional form. Leaders called for a more representative international order, greater participation by developing countries in global decision-making and reforms to institutions including the United Nations, World Trade Organization and international financial architecture.

The declaration also reflected the diversity within the expanded grouping. Rather than prescribing a single model of development, BRICS leaders stressed national circumstances, differing capacities and the need for policy space, particularly in areas such as energy transition, industrialisation and climate action. That approach broadly matched Xi’s argument that development strategies should reflect domestic conditions rather than external templates.

Xi sought to extend the idea into technology policy. He proposed an initiative on artificial intelligence-enabled industrialisation, deeper cooperation in research and applications, and stronger industrial and supply-chain links. China also promoted open-source AI collaboration and international platforms intended to improve access to emerging technologies for developing economies.

Other leaders framed similar priorities through their own national perspectives. Prime Minister Narendra Modi emphasised resilience, innovation, cooperation and sustainability, the four themes of India’s 2026 BRICS chairship, and called for solutions developed within the grouping to serve a wider range of developing countries. He also urged members to translate summit commitments into practical programmes.

BRICS members agreed on measures spanning digital cooperation, food and energy security, health, trade facilitation and the use of local currencies in cross-border transactions. The declaration supported stronger payment connectivity while stopping short of endorsing a common BRICS currency.

The economic agenda also underlined the practical test facing the grouping. Members backed use of national currencies in trade and investment, stronger cooperation through the New Development Bank and efforts to improve financial resilience. Such measures are intended to widen financing options for developing economies without committing members to a single monetary framework or common currency.

The expanded bloc now brings together countries with sharply different political systems, strategic alignments and economic structures. That breadth gives BRICS a larger claim to represent developing-country concerns, but it also limits how far members can converge on detailed policy prescriptions. Analysts have noted differences over whether the group should remain primarily an economic and development forum or assume a stronger geopolitical role.

Those tensions were visible alongside the development agenda. Leaders opposed protectionism and unilateral economic measures, supported a stronger multilateral trading system and called for reforms that would increase the voice of developing countries. At the same time, members avoided turning the summit into a unified ideological platform, relying instead on consensus language broad enough to accommodate competing interests.

Xi’s second summit intervention on September 13 placed a “people-centred” development philosophy within a wider call for Global South cooperation. He urged progress on the UN Sustainable Development Goals, improvements to global climate governance and a consensus-based framework for governing artificial intelligence.

China’s approach also carries strategic implications. Beijing has increasingly used BRICS and other multilateral forums to promote its views on development, sovereignty and global governance. Some members share its criticism of unequal representation in international institutions, while others remain cautious about allowing BRICS to become identified with any single country’s geopolitical agenda.

The BG-5 Golden Dragon Fish was demonstrated at the 2026 China International Fair for Trade in Services, held at Shougang Park from September 9 to 13. Developed by Boyagongdao Marine Technology Group, the robot is designed to resemble a golden arowana and propel itself through water with a flexible, multi-joint tail rather than a conventional propeller.

The machine can detect obstacles and adjust its route autonomously instead of following only a fixed, pre-programmed path, according to information released by the developer and statements made at the exhibition. Its fish-like movement is intended to improve manoeuvrability while giving the platform a less conspicuous profile than many conventional underwater vehicles.

Boyagongdao lists the BG-5 as a 640-millimetre-long robot weighing about 3 kilograms. The published specifications give it a maximum operating depth of 5 metres and a top speed of 0.6 metres per second. The company says infrared recognition supports autonomous obstacle avoidance, while wireless communications allow online debugging and control.

The manufacturer also offers a BG-5V configuration that combines the robotic fish with a software platform for more advanced experiments. The listed capabilities include global and local path planning, task allocation, formation control, cooperative transport and coordinated operations involving multiple robots.

Those functions broaden the possible uses beyond a single demonstration unit. Groups of small robotic fish could, in principle, divide an underwater area for inspection or monitoring, maintain formations and coordinate tasks in locations where larger vehicles would be harder to deploy. The company presents the platform for research and teaching as well as operational fields including search and salvage, hydropower, safety and rescue and national defence.

Claims that the robot has been formally deployed as an underwater surveillance system have not been substantiated by publicly available official information. The specifications and the developer’s stated defence-related work show that reconnaissance or monitoring applications are technically plausible, but the model displayed at CIFTIS was presented as a biomimetic robotic platform rather than as an announced military deployment.

Boyagongdao says its bionic robot series draws on more than a decade of research associated with Peking University’s College of Engineering. The systems use high-speed biomimetic drive mechanisms and central pattern generator control algorithms intended to reproduce the smooth, rhythmic movement of aquatic animals.

The company has also disclosed work on defence-oriented underwater technology. Its website says technologies developed for military-related directions have been adapted for higher education products, and company material from earlier exhibitions describes unmanned and intelligent underwater equipment as an area of military development. It has separately publicised the ROBO-SHARK, a larger shark-inspired underwater robot developed with a military unit.

The BG-5 itself is not a newly created model. Boyagongdao had displayed the robotic fish before this month’s services trade fair and promoted it earlier this year at Beijing technology events. The latest CIFTIS appearance nevertheless drew renewed attention because of the machine’s autonomous obstacle avoidance and increasingly realistic biomimetic movement.

China’s work on underwater robotics extends well beyond fish-shaped machines. Universities, research institutes and commercial groups are developing autonomous systems for coral monitoring, infrastructure inspection, marine ranching, emergency rescue and deep-sea research. Some platforms are designed to carry cameras, sonar or environmental sensors, while others use robotic arms for intervention tasks.

A separate ecological-monitoring deployment in Hangzhou has used biomimetic robotic fish to patrol West Lake, measuring indicators including water temperature and pH, detecting invasive species and transmitting data to monitoring centres. Other Chinese underwater robots have been used for reef observation and for identifying and removing crown-of-thorns starfish.

The BG-5 demonstration at CIFTIS focused on embodied intelligence underwater, where navigation software, sensing and propulsion are integrated into a machine that moves more like a living animal than a standard remotely operated vehicle.

Some local branches of the State Administration of Foreign Exchange have urged lenders to encourage businesses to increase hedging, extending a campaign that has pushed corporate derivatives use to record levels. The guidance targets companies with sizeable foreign-currency receipts or payments as the yuan trades near three-year highs.

The push reflects Beijing’s preference for companies to manage exchange-rate risk through forwards, swaps and options. SAFE has repeatedly promoted what it calls an exchange-rate risk-neutral approach, arguing that companies should focus on their underlying business and use hedging tools to reduce the effect of currency movements on earnings.

Corporate hedging has risen sharply this year. SAFE said enterprises used foreign-exchange derivatives covering 35.3 per cent of their currency transactions in the first half of 2026, up 5.3 percentage points from the full-year level in 2025. The contracted value of derivatives used for exchange-rate risk management reached nearly $1.4 trillion, an increase of about 40 per cent from a year earlier.

The regulator has also broadened access to hedging services. About 130 major domestic and foreign-funded banks can provide foreign-exchange derivatives to companies, while a SAFE database shared with lenders covers about 290,000 foreign-trade enterprises. Authorities have encouraged banks to expand online dealing channels and improve credit and margin arrangements for smaller businesses.

The effort also seeks more balanced corporate behaviour. The latest local instructions add to earlier informal guidance from the central bank and SAFE asking some lenders to lift corporate hedging ratios. Such measures are part of a wider effort to prevent companies from building large unprotected positions after periods when many exporters assumed the yuan would remain weak or move gradually.

That behaviour became more costly as the currency strengthened. The yuan has appreciated this year against the dollar and was trading near a three-and-a-half-year high last week, while global currency markets have been unsettled by changing interest-rate expectations, higher energy prices and geopolitical tensions. Exporters receiving dollars can suffer valuation losses when the yuan rises unless they hedge future receipts.

Beijing has simultaneously tried to avoid an excessive or disorderly rise in the currency. The People’s Bank of China removed a 20 per cent foreign-exchange risk reserve requirement on forward dollar purchases from March 2, lowering the cost of buying dollars forward after a strong yuan rally. The move gave companies and banks more flexibility while signalling that policymakers wanted to discourage one-sided appreciation expectations.

SAFE data show that China’s foreign-exchange market remains supported by large trade and capital flows. Banks recorded a $271.2 billion surplus in foreign-exchange settlement and sales in the first half. The regulator said the ratio measuring companies’ willingness to convert foreign-currency earnings into yuan stood at 65 per cent, while the ratio reflecting demand to purchase foreign currency was 61 per cent.

Foreign-exchange reserves rose to $3.438 trillion at the end of August from $3.419 trillion a month earlier. The yuan gained 0.49 per cent against the dollar during August, while the dollar weakened against a basket of major currencies, contributing to valuation changes in China’s reserve holdings.

Officials have stressed that greater hedging is intended to strengthen corporate resilience rather than direct the yuan toward a particular level. SAFE has said exchange rates are determined by market supply and demand and are difficult to predict, making risk management more important as two-way fluctuations become more common.

The regulator has reduced some transaction costs for smaller companies and encouraged financial institutions to simplify documentation for derivatives. Banks have been asked to use enterprise data to identify firms with foreign-currency exposure and offer products suited to their cash flows rather than promote speculative positions.

This latest season takes viewers beyond the city‘s famous landmarks and into the countryside, where international travelers get their hands in the soil, learn traditional crafts and share everyday meals with local residents. Through these experiences, they discover a different side of rural China and the people who are helping shape its future.

Mountain pulse: A year-round outdoor playground

The mountains of Chongli in Zhangjiakou are more than the backdrop for the 2022 Beijing Winter Olympics. Once best known for their snow-covered slopes, they are increasingly becoming a year-round destination for outdoor activities.

“Winter is for skiing, but summer opens up a whole new world,” said a local outdoor guide.

Since the Winter Olympics, residents have been steadily unlocking the hills’ year-round potential: from mountain biking and trail running to hiking and camping. The mountains no longer fall dormant when the snow melts.

Julian and Juan pedal along forest trails, surrounded by mountain air and the scent of damp earth. At the Chongli 168 Ultra-Trail Race, they stand at the starting line as thousands of runners surge forward – a river of energy that sweeps up everyone watching.

For Juan, the scene strikes a familiar chord. “Mountains don’t have borders,” he said. “The urge to run and challenge yourself in the wild is something we share, whether in Latin America or here.”

Field-rooted well-being: Yoga that grew from the soil

Surrounded by farmland and an open sky, Yugouliang Village sits on a high plateau in northern Zhangjiakou. The village has gained attention for a distinctive form of outdoor yoga practiced among its fields. Unlike the wellness trends often associated with urban gyms and resorts, yoga here has grown naturally out of village life.

“Our yoga comes from farm work,” one villager explained. “It is part of how we live.” Between planting and harvesting, they stretch and breathe, finding stillness in the middle of open fields.

Julian and Juan first experienced another part of village life by making youmian, a local staple made from oats. They kneaded the dough and shaped it by hand, then headed into the fields, where they spread their mats on the earth and practiced yoga alongside local residents.

“This feels familiar,” Juan reflected. “No matter where we are, people want the same things – health, peace, security and a life that feels full.”

Yugouliang offers a different picture of rural China: not a place frozen in the past, but a community that has found its own rhythm and a new sense of well-being amid the fields.

Living heritage remains part of daily life

Located in the southern part of Zhangjiakou, Yuxian is known for its historic settlements, traditional architecture and folk arts. Its ancient buildings have also reached new audiences through popular culture. Some of its architecture has inspired locations in Black Myth: Wukong, the hit Chinese action role-playing game.

Yuxian paper-cutting is one of its best-known folk traditions. “Paper-cutting came from everyday people,” said a master of the craft. “It used to decorate farmhouse windows. Now it reaches the wider world.”

With that spirit in mind, Julian and Juan tried their hand at paper-cutting, fumbling with scissors to produce something far from perfect – but they feel, briefly, what it means to make art out of ordinary life. Here, heritage isn’t sealed behind glass. It’s passed from hand to hand, cut into paper and woven into the fabric of daily existence.

Where clean energy meets modern farming

If Yuxian’s ancient villages preserve the memories of the past, Desheng Village shows how rural communities are looking toward the future. Located in the highland farming region of northern Zhangjiakou, Desheng has embraced modern agriculture and solar power as part of its rural development.

Rows of solar panels stretch across the land, capturing sunlight that once only fed crops. Beneath them, modern greenhouses hum with temperature-controlled precision. It’s agriculture reimagined – and the benefits are tangible.

“We used to depend heavily on the weather,” one villager said “Now technology and sunlight give us new hope.”

Julian and Juan stepped into the greenhouses, picking ripe tomatoes and crisp cucumbers, tasting the sweetness of a harvest that no longer depends on luck. They saw how clean energy revenue flows back into the community – funding schools, roads and public spaces.

As night fell, they joined a bonfire gathering in the village square. Music, laughter and conversation filled the evening air. Around the fire, the visitors saw another side of rural development: a village changing with the times while maintaining the close-knit community spirit that has long defined local life.

More than a journey: Stories shaped by the land

For a new generation of travelers, immersive experiences are offering a more complete picture of rural China. In Zhangjiakou, the countryside is not defined by a single landscape or a single way of life. Chongli’s mountains pulse with year-round energy; Yugouliang’s fields offer a slower rhythm of life; Yuxian’s ancient villages keep traditional architecture and folk crafts alive; and Desheng shows how clean energy and modern agriculture can create new opportunities for rural communities.

Here, tradition and innovation coexist in the same villages, where ancient skills can find new audiences and modern technology can take root in centuries-old communities.

Every village has its own story. From mountain trails and open farmland to historic villages and modern greenhouses, Zhangjiakou reveals a northern Chinese countryside that is more diverse, dynamic and full of possibility than any single image can capture.

Visitors may come for the scenery. But by stepping into village life, they leave with something more lasting: a closer understanding of the people who live on this land, the traditions they carry forward and the future they are building together.

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The regulator said the work will focus on creating clearer rules for datasets used by embodied AI systems, which combine artificial intelligence with physical machines such as humanoid robots. The effort is intended to support more consistent data collection, processing, evaluation and use as companies race to improve machines that must perceive, reason and act in real-world environments.

China has already moved to build a broader standards framework around the sector. National standards published on August 27 cover the quality of real-world embodied-intelligence data and technical requirements for data-generation platforms, while several additional specifications remain under development.

Among projects overseen by the National Data Administration are proposed standards covering the sources and constituent elements of high-quality embodied-intelligence datasets, simulated synthetic-data generation and processing, and specifications for data collection and model training at training bases. The projects are being developed under the National Data Standardisation Technical Committee.

One draft programme, registered in April, sets a 12-month timetable for a standard on data collection and model training at embodied-intelligence training bases. Its drafting group includes the China Electronics Standardization Institute, Beijing Institute of Technology, the Institute of Software at the Chinese Academy of Sciences and robotics companies.

A separate draft addresses synthetic data, which is becoming increasingly important because collecting enough physical-world robot interactions can be expensive, slow and difficult to reproduce. China’s policy framework encourages the use of simulation and synthetic techniques to expand supply where genuine operating data are scarce or costly to obtain.

The National Data Administration has made high-quality datasets a central part of its wider artificial-intelligence strategy. An implementation plan issued in June called for faster construction of datasets in strategic and emerging fields including embodied intelligence, intelligent driving and the low-altitude economy. It also called for data covering physical interaction, environmental perception and motion control in key scenarios.

The plan directs authorities and industry participants to improve data cleaning, enhancement, labelling, alignment and quality inspection, while developing national standards covering formats, categories, annotation and quality assessment. The regulator said such work should produce datasets that are structurally complete, diverse, accurately labelled and suitable for model development.

China’s push reflects the distinct data demands of robots operating in the physical world. Unlike text-based systems trained largely on digital information, embodied AI requires large volumes of multimodal material that can include video, images, sensor readings, point clouds, movement trajectories and feedback from physical interaction.

Data supply has therefore emerged as a competitive constraint for developers seeking to train machines to perform long sequences of actions reliably across changing environments. The National Data Development Research Institute has said embodied intelligence and world models are driving sharply higher demand for three-dimensional, video and other multimodal data, while also raising requirements for collection and annotation quality.

The government has also been expanding the underlying pool of AI-ready datasets. At a national data industry event in Guiyang in August, the National Data Administration said more than 126,000 high-quality datasets had been built across China, with a combined volume exceeding 1,815 petabytes.

Officials described a system combining a national dataset management platform, an open-source community and a data-labelling network with sector-specific pilot programmes. The framework includes 106 leading organisations and 140 pilot tasks, with regional authorities encouraged to develop projects suited to local industrial strengths.

Embodied intelligence has featured in those pilots alongside other emerging fields. The administration has promoted cooperation among robotics companies, universities, research institutes and public bodies to increase the quantity and usefulness of machine-training data while testing standards before wider application.

The two leaders met on Saturday on the sidelines of the BRICS summit in New Delhi and welcomed what the Prime Minister’s Office described as steady progress in ties since their meeting in Tianjin in August 2025. They agreed that relations should be approached from a strategic and long-term perspective and that differences should not be allowed to become disputes.

Modi said peace and tranquillity in border areas remained an essential basis for further development of the relationship. He called for both sides to observe existing agreements and understandings on frontier issues and said engagement should be guided by “mutual respect, mutual sensitivity and mutual interest”.

Both leaders committed themselves to seeking a fair, reasonable and mutually acceptable settlement of the boundary question, while expanding cooperation in areas where their interests converge. They also backed stronger cultural exchanges, business links and mobility, alongside efforts to resolve economic frictions.

Trade featured prominently in the discussions. The two sides agreed on the need to address concerns over the structural trade imbalance, supply-chain issues and access to each other’s markets. Bilateral trade reached a record $155.6 billion in 2025, while India’s imports from China were about $132 billion, leaving a large deficit that New Delhi has repeatedly sought to narrow.

The meeting marked Xi’s first trip to India since 2019, when he travelled to Tamil Nadu for an informal summit with Modi. Relations deteriorated sharply after the 2020 military confrontation in eastern Ladakh, including the Galwan Valley clash that killed 20 soldiers from India and four from China.

A disengagement agreement reached in October 2024 helped end key points of the military standoff and opened the way for higher-level political contacts. Modi and Xi then held a substantive bilateral meeting during the BRICS summit in Kazan that month, followed by another meeting in Tianjin in August 2025.

Diplomatic and military mechanisms have since been revived. At the 25th round of Special Representatives’ talks in Beijing on August 25, National Security Adviser Ajit Doval and China’s Wang Yi agreed on eight measures covering border management, military communication, boundary negotiations, trade routes, pilgrimage arrangements and cooperation on trans-border rivers.

Among those steps were two additional channels for military hotlines in the eastern and middle sectors and two additional meeting points for senior commanders. The two sides also agreed to continue work towards a framework for settling the boundary dispute and to use existing diplomatic and military channels to deal promptly with incidents along the Line of Actual Control.

Practical links have also begun returning. Direct passenger flights have resumed, business visa processing has improved and the Kailash Mansarovar pilgrimage has restarted, while three traditional border trading points have reopened. Those measures have not removed the deeper trust deficit, but they have restored channels that were largely frozen after 2020. Officials on both sides have indicated that further easing will depend on predictable border management and progress on commercial concerns over the coming months.

Despite the thaw, major differences remain. Large troop deployments continue along sections of the Himalayan frontier, and the boundary itself has not been settled. Economic engagement is also constrained by investment screening, regulatory barriers, visa delays and security concerns affecting sectors considered sensitive by either government.

Xi’s visit nevertheless gave both governments an opportunity to demonstrate that political contacts are becoming more regular after years of strained relations. Beijing has repeatedly said the two countries should view each other as partners rather than rivals, while New Delhi has maintained that normal relations require durable peace at the border.

The emblem, “Jing Yue”, centred on the Temple of Heaven and the Chinese character “京” (Jing), draws on the expressive charm of Chinese calligraphy, engraves Beijing’s local identity, and radiates the vibrant energy of athletics.

The mascot, “Jing Yan”, draws inspiration from “Yan’er”, the mascot of the 2015 edition of the Championships. Modelled after the Beijing swift, it symbolises “the return of the swift after 12 years”. The design subtly incorporates traditional Chinese kite patterns and the expressive eye makeup of Peking Opera, while a lightning-bolt dynamic adds a sense of speed. This seamlessly blends natural vitality, culture, art, and athletic competition. It not only nods to the 2015 edition of the Championships, but also brings Beijing’s rich cultural heritage vividly to life.

The theme slogan “Every Step Counts” embodies the relentless competitive spirit that every step and every effort matters. It sends a warm yet resolute message to the world: on the road to excellence, every wholehearted effort holds extraordinary value.

In his video address, President of World Athletics Sebastian Coe noted that Beijing is the first city in the world to have successfully hosted both the Summer and Winter Olympics, with a remarkable record of staging world-class events. He said the World Championships Beijing 2015 produced many iconic moments, and that World Athletics firmly believes China will stage the 2027 edition of the Championships to the highest possible standard and deliver an unforgettable sporting spectacular for audiences across the globe.

The World Athletics Championships Beijing 27 will be held at the National Stadium from 10 to 19 September 2027. More than 2,000 athletes from over 200 countries and regions will gather at the Bird’s Nest for this grand athletics celebration.
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Enflame’s shares closed 179 per cent above their initial public offering price on the STAR Market, lifting the company’s market value to about 171 billion yuan from 61.2 billion yuan at the offer price. The Tencent-backed company raised 6.12 billion yuan by selling 43.04 million new shares at 142.18 yuan each.

The surge came despite Enflame having never reported an annual profit since its establishment in 2018. Its 2025 revenue reached 990.2 million yuan while its net loss narrowed to about 1.2 billion yuan. The company has forecast revenue of 2.3 billion yuan to 3 billion yuan for the first nine months of 2026, alongside a net loss of 700 million yuan to 860 million yuan.

Revenue has expanded quickly from 301 million yuan in 2023 and about 722 million yuan in 2024, but losses have remained substantial as the company spends heavily on research and product development. Enflame recorded net losses of about 1.67 billion yuan in 2023 and 1.51 billion yuan in 2024 before narrowing the deficit last year, underscoring how far commercial growth has run ahead of earnings for the company.

Enflame said in its prospectus that it expects to reach break-even or profitability in 2026 or 2027. It plans to direct much of the IPO proceeds towards development and industrialisation of fifth- and sixth-generation artificial-intelligence chips, software and large-scale computing systems.

The company’s rapid revaluation also highlights the unusual economics of China’s artificial-intelligence chip boom. Investors have rewarded several young semiconductor groups whose sales are expanding quickly but whose research spending remains heavy and earnings records are limited or negative.

Moore Threads Technology, another Shanghai-listed graphics processor developer, created several billionaires after its market debut in December 2025, when its shares rose more than fourfold. Founder and chairman Zhang Jianzhong, a former head of Nvidia’s China operations, was valued at several billion dollars after the listing, while co-founders Zhang Yubo and Wang Dong also crossed the billionaire threshold based on their holdings.

MetaX Integrated Circuits produced a similar outcome after its Shanghai flotation. Chairman and chief executive Chen Weiliang, who previously worked at Advanced Micro Devices, became a billionaire as investors pushed the company’s valuation sharply higher despite continuing operating losses. Early investor Ge Weidong also joined the billionaire ranks through his stake.

The valuations reflect expectations that domestic chipmakers will capture a larger share of China’s fast-growing demand for artificial-intelligence computing as access to the most advanced US-designed processors remains constrained. Domestic producers are competing to supply cloud companies, data centres and developers running large language models, recommendation engines and other computing-intensive services.

Enflame’s commercial position, however, remains unusually concentrated. Tencent is its largest shareholder, with a 17.95 per cent stake after the offering, and sales linked to the technology group accounted for 83.79 per cent of Enflame’s 2025 revenue. The concentration gives Enflame a major anchor customer but also leaves its growth closely tied to purchasing decisions by one group.

The company employed about 860 people as of September 2025, according to disclosures compiled from its listing materials. Founded by former AMD executives Zhao Lidong and Zhang Yalin, Enflame develops accelerator chips, add-on cards, computing systems and software for artificial-intelligence training and inference in data centres.

Only 17.9 million shares, equivalent to 4.16 per cent of Enflame’s enlarged share capital, were freely tradable at the start of trading, limiting the initial public float and potentially amplifying price swings. The retail portion of the offering attracted thousands of times more demand than the shares available.