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The Beijing HourMorning EditionShane Bigham with you on this Tuesday, July 07th, 2015.
Welcome to the Beijing Hour, coming to you live from the Chinese Capital.
Coming up on our program this morning...
new details concerning the Chinese president's visit to Russia for the latest BRICS and SCO summits have been revealed...
A series of events are to be held over the next three months to mark China's victory in the War Against Japanese
Aggression2...
And European officials are pressing Greece to come up with new and serious proposals to restart talks over the country's debt crisis...
In Business...efforts over the weekend to support the Chinese stock market earned 'mixed' results on Monday...
In Sports...a tough battle for the defending Wimbledon champion...
In entertainment...TV and radio companies along the Belt and Road trade route sign a cooperation deal...
Top NewsChinese President to attend 7th BRICS summit: FMAnchorMore details have been revealed concerning Chinese President Xi Jinping's visit to Russia this week for two international summits.
CRI's Niu Honglin has more.
ReporterThe seventh BRICS summit is scheduled for Wednesday and Thursday and the 15th meeting of the Council of Shanghai Cooperation Organization Heads of State for Thursday and Friday in Ufa, Russia.
It's the third time that President Xi has attended the BRICS summit.
Chinese
Vice3 Foreign Minister Cheng Guoping says
coordination4 and cooperation on global and regional issues will be discussed.
"The leaders of the five countries will hold a series of small scale meetings to exchange views on cooperation as well as regional and international issues of common concern and then
jointly6 issue the Ufa Declaration after the summit. During the meeting, they will also hold dialogues with the delegates from the Shanghai Cooperation Organization, Eurasia Economic Union, as well as other international organizations."The Chinese side has also expressed confidence on economic cooperation among the BRICS countries, saying the newly established development bank and emergency reserve arrangement have given fresh
impetus7 to growth.
"BRICS is an emerging market and cooperation platform for developing countries, emphasizing economy and development. It is neither a military alliance nor a political group. We are not against any third party and we have an open,
transparent8 and win-win cooperation."About the SCO summit, leaders at the meeting are
slated9 to discuss the development strategy for the regional organization, and reinforced the
joint5 commitment on drug control.
The decision on starting procedures for India and Pakistan to join the SCO is also scheduled to be adopted at the Ufa summit.
Vice Foreign Minister Cheng Guoping says China welcomes SCO expansion, and will make its due contribution.
"China will keep taking its responsibility in the Shanghai Cooperation Organization, will keep proposing initiative so that members of SCO may strengthen their security cooperation, ally their respective developing strategies together and also reinforce their cultural exchanges. China encourages all parties to take the summit as an opportunity to speed up a new round of development of SCO, to enhance the overall level of cooperation in various fields and to expand its international influence. "During his stay there, President Xi Jinping will have
bilateral10 meeting with his Russian counterpart Vladimir Putin.
It's the second meeting between the two heads of state this year and the fifth over the past two years.
Topics of the meeting include plans to increase regional trade, bilateral cooperation within multilateral frameworks, and cooperation on global and regional issues.
A meeting between leaders from China, Russia, and Mongolia has also been scheduled.
For CRI, I'm Niu HonglinNew evidence on Tokyo Trial ReleasedAnchorToday is the 78th anniversary of the July 7 Incident of 1937, which marks the beginning of China's War of Resistance Against Japanese Aggression.
Evidence from the Tokyo Trial held by the International Military Tribunal for the Far East nearly 70 years ago has recently been published by Shanghai Jiaotong University.
As CRI's Sophie Williams reports, the collection once again serves as proof of the
atrocities11 committed by Japan during the Second World War.
ReporterThe Tokyo Trial, running from 1946 to 1948, charged 28 Japanese military and political leaders with Class A war crimes.
However, mainly due to political reasons, China had almost no academic books focused on this period of history.
Meanwhile, for the past a few decades, many right-wing Japanese politicians and historians doubt the justice of the trial and thus distort the reality, and even try their best to reverse the verdicts, since they think the Tokyo Trial represents a blow to the country's national confidence.
Liu Tong, a professor of the Center for the Tokyo Trial Studies of Shanghai Jiaotong University, explains that relevant files on Tokyo Trial have been brought to light out of a sense of a historian's responsibility to uncover the truth in past events.
"Currently, the Japanese right-wing groups are making aggressive comments, while we've hardly done anything academically on the basic research of Tokyo Trial. Thus, bearing a historian's responsibility, we founded the Center for the Tokyo Trial Studies. After that, the first step is to carry out basic research, and specifically collect original documents."Liu adds that they have gone through a series of hardships, since many Japanese military officers have tried their best to destroy the relevant documents concerning their war crimes, thus those original files are difficult to come by.
The collection of the Tokyo Trial's evidence includes 50 volumes in Japanese and 3 volumes of indexes in Chinese.
The book is the second published by Shanghai Jiaotong University after its previous work 'The
Proceedings12 of International Military Tribunal for the Far East' was published two years ago.
"You couldn't try and sentence without any evidence. However, most of this evidence might not be listed in the trial records, or might have mentioned just a few words after being submitted. Thus, the 80-volume of trial records and the 50-volume evidence collection are both irreplaceable historical files for research into the Tokyo Trial. "The two books have both been regarded as precious basic files for researchers who are looking for dependable evidence of Japan's war crimes.
For CRI, this is Sophie Williams.
China to
Commemorate14 Anniversary of The Victory of Anti-Japanese WarAnchorChina will host a series of activities over the next three months to commemorate the 70th anniversary of the victory of the Chinese People's War of Resistance against Japanese Aggression.
CRI's Xiao Yee has more.
ReporterDozens of films, television works and publications will be presented across China from July to October.
Deputy Chief of China's State Administration of Press, Publication, Radio, Film and Television Tian Jin says these works will highlight China's contributions to the World Anti-fascism War and promote
patriotism15.
"Through the film and television works and publications, we celebrate the great historical significance of the victory of the War of Resistance against Japanese Aggression and our great national spirit focusing on patriotism. Those works and publications reflect the hardships of the War of Resistance against Japanese Aggression, highlight the importance of the Chinese battlefield in the World Anti-fascism War, inspire national spirit and
extol16 patriotic17 values."Vice Cultural Minister Dong Wei says in terms of stage productions, over 180
repertoires18 and newly-created plays will be performed nationwide.
He adds that the
Ministry19 of Culture will hold an art exhibition at the National Art Museum of China from August 10 to September 20 in
collaboration20 with other departments.
"So far, we have received more than 1,500 artworks from all over the country, and more than 400 excellent works will be presented to the general public."The General Political Department of China's armed forces will also hold exhibitions, release films, documentaries and books, and stage performances.
Li Zhensheng, with the Army's General Political Department says the exhibitions will help people understand that period of history in a 'comprehensive' way.
"We will hold two exhibitions. One is at the Military Museum between July 15 and Sept. 15, at which we will display a series of pictures, cultural
relics21 and charts of important historical value. They will demonstrate the entire course of the Chinese people and the army's war of resistance against Japanese aggression led by the Communist Party of China in a comprehensive way,"The Chinese People's War of Resistance against Japanese Aggression was an important part of the world's anti-fascist war.
Incomplete statistics show that more than 35 million Chinese soldiers and
civilians22 lost their lives in the war.
For CRI, I'm XYee.
China sets trading limit on stock index futuresA daily trading limit for the CSI 500 index will be effective from today, the latest action by China's financial regulators to prevent more losses.
China Financial
Futures23 Exchange said Monday night that it would limit
investors24' daily purchases of CSI 500 index futures to 1,200 lots for rise and fall.
Officials at the exchange added that efforts to investigate illegal market activities are to be stepped up.
The stock market closed mixed after a string of supportive measures issued over the weekend.
We will have more
detailed25 analysis later on in the biz section.
China nominates Chinese candidate for AIIBChina has formally announced a candidate for president of the Asian
Infrastructure26 Investment Bank.
Jin Liqun, former vice finance minister of China, has been nominated as the president-designate of AIIB.
He is also the secretary-general of the
interim27 multilateral secretariat for establishing the AIIB.
A selection process for president-designate was agreed upon in the Special Ministerial Meeting of
Prospective28 Founding Members in Beijing last Monday.
The deadline for
nominations29 for president-designate is July 31st.
The president-designate is expected to be elected in late August.
China refutes Turkish media reports on XinjiangChina's Foreign Ministry has refuted some Turkish media reports about its far-western region of Xinjiang that have fueled recent anti-China protests in Turkey.
Ministry spokesperson Hua Chunying has
reiterated31 that the Uyghur people in Xinjiang enjoy religious freedom under China's constitution.
Some Turkish media reports have accused China of forbidding Muslims in Xinjiang from worship and fasting during the holy month of Ramadan.
The spokesperson calls such reports 'fabricated' and 'defamatory'.
She has also urged the Turkish government to take effective actions to protect Chinese citizens and
entities32 in Turkey.
3 Dead, 235 in Critical Condition after Taiwan Water Park BlazeA third victim among the hundreds of people injured in an explosion in Taiwan has died.
The 20-year-old college student passed away on Monday.
According to the local health department, 235 people remain in critical condition as of Monday afternoon. 439 injured people are being treated in 49 hospitals across Taiwan.
Most of them have suffered severe burns or have
inhaled33 large amounts of black carbon dust.
On the evening of June 27th, an explosion and fire occurred at a water park in New Taipei city. Inflammable powder discharged from the stage during a show ignited. There were about 4500 people in the audience at the time, and nearly 500 of them were injured.
It is the worst incidence of mass injury in the history of the city.
China Warns of Approaching Two TyphoonsProvinces in eastern China are on high alert as two typhoons are expected to bring
gales34 and storms and worsen flooding in
coastal35 regions.
Among the three typhoons that have formed on the northwest Pacific are Chan-hom and Linfa, respectively the ninth and tenth typhoons this year.
China's National Meteorological Center predicted that the two typhoons will affect China in the coming days.
Taiwan has issued the sea warning, ordering all
shipping36 to remain in harbor as Linfa is nearing.
Yan Zengxi, a forecaster with Taiwan's weather bureau, introduces the situation.
"Between July 8 moring and July 9, Taiwan will under its influence. The east and south parts of Taiwan will see rainstorms and gales during this period."Linfa is expected to land on the Chinese mainland on Thursday, while Chan-hom will
lash37 China's eastern coast on Friday.
Zhejiang Province on Monday
initiated38 an emergency response to flooding, saying the approaching typhoons may worsen its flood situation.
The province has seen
persistent39 rain since June 7, which has caused serious flooding and geological disasters in its mountain areas.
The southeastern province of Fujian has also warned of strong winds and huge waves in the coming three days.
Chinese FM joins Iran nuclear talks as deadline loomsChinese Foreign Minister Wang Yi has returned to Vienna for the second time in a week to join the Iran nuclear talks as a self-imposed deadline for a deal is due to expire today.
Wang says the talks have achieved significant progress but differences remain.
"There are still a few issues left on the conference table, and from our point of view, it is possible that we could find solutions for these issues. That is to say, a comprehensive Iran nuclear agreement is at our fingertips. Monday and Tuesday will be the critical time for all parties, especially the United States and Iran, to make a final political decision."As part of Monday's session, Wang Yi had a meeting with Russian Foreign Minister Sergey Lavrov.
Iran and the five UN Security Council permanent members plus Germany are trying to reach a final comprehensive agreement on Iran's controversial nuclear program,Both parties are hoping to
clinch40 a deal today, setting a decade of
restrictions41 on the nuclear program and granting Iran significant relief from international sanctions.
Some Western officials say a dispute over U.N. sanctions on Iran's ballistic missile program and a broader arms
embargo42 are among issues holding up a deal.
Iran is reportedly insisting that all the UN sanctions, including on the ballistic missiles, should be lifted but world powers want it to be remain under sanctions.
Separately, a senior Iranian official says Tehran wants a UN arms embargo terminated as well but a Western
diplomat43 says a removal is "out of the question".
EU presses Greece for new proposals to restart talksEuropean officials are pressing Greece to come up with serious proposals in order to restart financial aid talks, a day after the country voted overwhelmingly against new bailout terms setting more austerity measures.
Greek Prime Minister Alexis Tsipras is due to address a summit of eurozone leaders on Tuesday.
After a meeting in Pairs with French President Francois Hollande, German
Chancellor44 Angela Merkel stressed the importance of Greece taking "responsibility" for reforming its economy.
"We're saying very clearly that the door for talks
remains45 open. But at the same time, we're saying that the preconditions to enter
negotiations46 for a concrete European stability program are not given at this time. This means that tomorrow, it will be important that the Greek prime minister tells us how to proceed, and what precise proposals he can offer us regarding a mid-term program that will lead Greece back into prosperity and growth."For his part, Hollande also urged the Greek government to make serious,
credible47 proposals for the country to stay in the euro zone.
Eurozone finance ministers are to meet first before the leaders' meeting.
In a sign that Athens is keen to seek a new deal, Greek Finance Minister Yanis Varoufakis has resigned,
apparently48 under pressure from other eurozone finance ministers who did not want him as a negotiating partner.
He has been replaced by Greece's lead negotiator Euclid Tsakalotos, who has
vowed50 to capitalize on Sunday's referendum to seek a sustainable solution to the country's debt crisis.
"They resisted and they said that this land deserves something better. We cannot accept a non-sustainable solution. The vote has class characteristics. Ordinary people, working people, the middle class, those who lost their businesses, said that they want to trust a government that will bring us a sustainable solution."In another development, the European Central Bank has
decided51 to keep a tight grip on funding to Greek banks, which have been closed for more than a week to avoid a massive outflow of money that could lead to their
collapse52.
The ECB has also decided to raise the amount of
collateral53 Greek banks must post for any loans.
Banks in Greece are to stay closed on Tuesday and Wednesday.
They had been due to reopen on Tuesday, but the Greek
banking54 association decided to extend the bank holiday following talks on Monday.
Obama says anti-ISIL strategy effectiveAnchorU.S. President Barack Obama says military attacks launched by U.S. and
coalition55 forces against Islamic State
militants56 in Syria and Iraq are making progress.
But he cautioned that more work remains to be done.
For more on this story, here is our Washington chief correspondent Xiaohong.
ReporterPresident Obama made the remarks on Monday after a meeting with the military
brass57, saying the current strategy is effective.
"Altogether, ISIL has lost more than a quarter of the populated areas that it had seized in Iraq. And in Syria, ISIL lost Kobani. It recent endured losses across northern Syria, including the key city of Talabia, denying ISIL of vital supply route to Raqqah, its base of operations in Syria."He stressed that the United States is working with 60 countries and more local forces are joining the efforts. He pledged that the U.S. will continue to provide training and equipment to local forces, including to Kurdish and
tribal58 forces.
The President also cautioned that the United States and other countries must remain
vigilant59 against "
lone60 wolves" who might be inspired by the Islamic State to launch terrorist attacks on US soil.
"This broad challenge of countering violent extremism is not simply a military effort.
Ideologies61 are not defeated with guns. They are defeated by better ideas, more attractive and more compelling vision."President Obama also called for diplomatic and economic efforts that include efforts to cut off terrorists' money.
He also ruled out the possibility of sending more U.S. troops to the region.
The U.S.-led war against the Islamic State began last August and continues with almost daily air strikes. However, many are critical of the results, calling for a more
robust62 U.S. response against IS.
Defense63 Secretary Ash Carter and Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, are scheduled to testify on Tuesday before the Armed Services Committee of the Senate on the Pentagon's strategy against the Islamic State militants.
Xiaohong, CRI, Washington DC.
Worries Not Fading One year since the Gaza WarAnchorIt's been one year since a military conflict between Israel and the Gaza Strip.
While the current situation remains
relatively64 quiet, people on both sides are not optimistic about the future.
CRI's Qizhi has more.
ReporterGaza resident Jalal's house was totally destroyed during last year's Gaza war. After staying for three months in a shelter of the UN's Relief and Works Agency, or UNRWA, he and his family now live in a rented flat.
"UNRWA promised to rebuild our house, but until now nothing has been renewed. When we talked to UNRWA, they said there's no money to rebuild houses now. They just gave us four month
rental65 to rent a flat. Is there any future for Gaza? (bitter smile) The war will return again. It will become worse and worse. The future is dark for Gaza."The conflict last year between Israel and Gaza started on July 7 and killed over 2,100 Palestinians and more than 70 Israelis in 51 days.
Adnan Abu Hasna, a spokesperson of UNRWA in Gaza, says the situation in Gaza is
deteriorating66.
"There's a great delay in the
reconstruction67 process. A small amount of building materials is getting into Gaza. It's functioning for the
minor68 damage, but for the severe-damaged shelters and the totally-demolished shelters, actually nothing happened. The economic situation is
collapsing69. It's a complete tragedy. Actually you can say there's no tomorrow in Gaza."Across the border, on the Israeli side, life is also not easy for the residents.
Danny Cohen, a resident of Kibbutz Ein HaShlosha, which is less than 2 kilometers from the border with Gaza, says the recent rocket hits have brought them back to the fear and concerns of one year ago.
"There's quite a bit of disappointment that nothing has changed. We are living in
anticipation70 of the next time. We always feel we are before and after (the war), we cannot see in the future any quiet or calm. Every time that something happens like last summer, things get worse and tougher."While the Israeli army is keeping alert to any possible attacks from the other side of the border, for Israelis people, the repeating
scenario71 of war shouldn't be continued.
Anat Heffetz, a resident of Kibbutz Nirim, which is 2 kilometers from Gaza, says the only solution is a political one.
"I think we need to talk to Hamas. I think we need to support and advance the reconstruction of Gaza. There needs to be an opening of the cross borders, with of course very strong security measures ensuring the safety of people. Leaving things the way they are means there's going to be another round of violence very very soon. Recent history proved that military operations are not the answer. There needs to be a strong shift in the Israeli policy."For CRI, I'm qizhi.
Ukraine's rebels plan to hold local elections in LuganskThe leadership of the self-proclaimed "Lugansk People's Republic " in eastern Ukraine has announced local elections for November.
Accusing the Ukrainian authorities of not fulfilling obligations under the Minsk deal, the regional leadership also says that the planned election would be held without Kiev's
supervision72.
The announcement comes after a similar one issued by the leadership in Donetsk region, where a regional election is planned for October.
Holding local elections in accordance with Ukrainian law and under international observation is a requirement set by Kiev for eastern regions to acquire the "special status" under the Minsk ceasefire agreement.
Rebels in the two regions
previously73 said that they would follow the agreement if the Ukrainian government meets their requirements.
These include finishing military operations in eastern regions, resuming benefit payments to people in the rebel-held areas, and holding constitutional reforms on decentralization in Ukraine.
WeatherBeijing will be cloudy with a high of 33 degrees
Celsius74.
Overnight temperatures should drop down to 22.
Shanghai will see moderate rain with a high of 23 and a low of 21.
In Chongqing, it will be sunny during the daytime with a high of 34 and lows of 22.
Elsewhere in the world, staying here in Asia,Kathmandu, slight rain, 28.
Islamabad will have slight rain with a high of 35.
Kabul will be cloudy with a high of 32.
Over to North America,New York will see slight rain with a high of 24 degrees.
Honolulu, slight rain, 28.
Toronto will have slight rain with a high of 28 degrees.
Finally, on to South America,Buenos Aires will be overcast with a high of 15.
And Rio de Janeiro will be overcast with a high of 24 degrees Celsius.
Headline newsChinese President to attend 7th BRICS summit: FMChina's Foreign Ministry has revealed more details concerning President Xi Jinping's visit to Russia this week for two international summits.
The seventh BRICS summit is scheduled for Wednesday and Thursday and the 15th meeting of the Council of Shanghai Cooperation Organization Heads of State for Thursday and Friday in Ufa, Russia.
It's the third time that President Xi has attended the BRICS summit.
At the SCO summit, a decision on starting the procedures for India and Pakistan to join the organization is also scheduled to be adopted.
China refutes Turkish media reports on XinjiangChina's Foreign Ministry has refuted some Turkish media reports about its far-western region of Xinjiang that have fueled recent anti-China protests in Turkey.
Ministry spokesperson Hua Chunying has reiterated that the Uyghur people in Xinjiang enjoy religious freedom under China's constitution.
Some Turkish media reports have accused China of forbidding Muslims in Xinjiang from worship and fasting during the holy month of Ramadan.
The spokesperson calls such reports 'fabricated' and 'defamatory'.
She has also urged the Turkish government to take effective actions to protect Chinese citizens and entities in Turkey.
Twelve dead as fighter jet drops bomb accidentally in IraqAt least twelve people have been killed and 25 others injured when an Iraqi fighter jet accidentally dropped a bomb on a neighborhood in Baghdad.
The plane was returning to base after a mission against the Islamic State group when the accident happened.
The Iraqi military says the accident was due to a technical failure which caused the Russian-made Sukhoi jet to
malfunction76 and drop the bomb.
U.S., France
vow49 to
rev1 up cooperation against ISThe United States and France have vowed to strengthen bilateral cooperation in the fight against the Islamic State.
U.S. Secretary of Defense Ash Carter has met with his French counterpart at the Pentagon to discuss the cooperation.
Earlier this year, France
deployed77 its aircraft carrier Charles de Gaulle to the Persian
Gulf78 to support counter-IS airstrikes.
According to a Pentagon statement, the two defense chiefs have also discussed how to further enhance intelligence sharing between the two militaries for counterterrorism operations.
Britain remembers 7/7 victims 10 years after London bombingsBritain is to commemorate the 10th anniversary of attacks targeting London public transport in the first suicide bombings by Islamist militants in western Europe.
Relatives of the victims,
survivors79,
royalty80 and senior politicians will gather to remember the 52 people killed in the 2005 bombings carried out by four young British Muslims.
Three underground trains and a bus were hit during the morning rush-hour on July 7th, 2005.
More than 700 others were injured in the attacks.
Biz reportsChinese Shares Close Mixed MondayAnchorFirst, let's check on the Chinese stock market first.
Chinese markets moved in differing directions on Monday after regulators
intensified81 efforts over the weekend to shore up the markets.
At the close,The benchmark Shanghai Composite Index rose 2.4 percent after
erasing82 a gain of as much as 7.8 percent at the opening.
Meanwhile, the Shenzhen
Component83 Index retreated 1.4 percent.
Nearly 9-hundred stocks tumbled, led by the Internet, software, and satellite development
sectors85.
Blue-chips led the gains on the Shanghai bourse, as Agricultural Bank, China Life Insurance and China National
Petroleum86 Corp surged by the daily limit of ten percent.
In Hong Kong, the benchmark Hang Seng Index lost 3.2 percent on the day.
For more on the stock performance, CRI's Spencer Musick
spoke30 earlier with Gao Shang,
analyst87 with Guantong Futures.
Back anchorGao Shang, analyst with Guantong Futures, speaking with CRI's Spencer Musick.
AnchorMoving into the North American and European market.
Our reporter Min Rui.
ReporterThe U.S. dollar climbed against the euro on Monday after the Greek "No" voteThe Dow Jones fell a quarter of a percent.
The S&P 500 lost 0.4 percent.
The Nasdaq was down 0.3 percent.
On the economic front, Institute for Supply Management's June service
sector84 survey came out overall positive. The composite index registered 56.0, slightly higher than the previous month's reading. in line with market
consensus88.
On the commodities front, oil prices
plummeted89. However, gold futures rose, as the crisis in Greece drove investors to gold as a safe
haven90.
At close,The British benchmark FTSE 100 decreased by 0.8 percent.
In Germany, the DAX dropped 1.5 percent.
In France, the CAC 40 lost 2 percent.
Back to you Shane.
Faster, cheaper Internet by the end of this yearChina's Ministry of Industry and Information Technology has pledge to lower internet prices and provide faster speeds to the public.
Wen Ku, Director of the Department of Communications Development at the Ministry says the
savings91 will be coming soon.
"We will supervise domestic carriers to lower average charges for mobile phone Internet and
fixed92 broadband by at least 30 percent year-on-year by the end of 2015."Currently, the ministry is a major regulator of the "Big Three" telecom carriers, which are all state-owned giants.
In terms of average Internet speed China is at the lower-end.
According to content delivery network Akamai, the 3.7 megabytes per second average speed lags behind Malaysia and Sri Lanka.
The central government is making great efforts after
Premier93 Li Keqiang criticized the nation's expensive,
mediocre94 Internet services earlier this year.
New statistics from a web speed testing organization, Broadband Development Alliance, show the average broadband connection speed in China was just over 5 megabytes per second in the first quarter this year, up 25 percent compared to the end of 2014.
Premier calls on overseas Chinese to contribute to economyChinese Premier Li Keqiang on Monday called on the Chinese diaspora to contribute to the country's economic growth.
The premier urged overseas Chinese to help promote the upgrading of the economy as they boast advantages in capital, technology, management, and business networks.
He called on overseas Chinese to contribute to China's
integration95 into the global economy in endeavors such as the Belt and Road Initiative.
The premier also said that China is confident and capable of meeting all kinds of challenges and ensuring a sustained and sound development of the economy.
There are more than 60 million overseas Chinese.
Chinese economy shows positive signs: NBSMultiple economic
indicators96 in recent months suggest the Chinese economy, slowing in recent months, is over the worst as growth and reform measures take effect.
According to the National Bureau of Statistics, positive changes are occurring in industrial output, fixed asset investment, and expanding consumption.
The authority is attributing the progress to government policies and reform measures.
The economic structure has continued to improve with
high-tech97 sectors reporting increasing weight in industrial output.
Meanwhile,
structural98 reforms are boosting the private sector, which has reported faster industrial output growth.
The tentative
upturn99 comes as major data for the second quarter, including GDP growth, is due on July 15.
BOC lists first Euro-denominated bond on London Stock ExchangeLondon Stock Exchange Group on Monday announced that it has witnessed the first-ever Euro-denominated bond by a Chinese issuer on its markets.
Bank of China has issued a 500-million-euro bond, about 550 million US dollars, in London through its Hungarian branch.
This is a part of the bank's wider bond issuance program to provide funding for China's 'One Belt, One Road' projects.
According to LSEG's data, fifty-seven Chinese companies are currently quoted in London.
In addition, thirty-two so-called dim sum bonds, or
offshore100 RMB-denominated bonds, are traded on the London Stock Exchange, with an
aggregate101 value of 24 billion yuan.
Chinese car
maker102 BYD won biggest order in CubaChinese automaker BYD has won its biggest order of cars in Cuba.
The company on Monday said the order of more than 700 vehicles will be the largest shipment of cars exported to Cuba since BYD first entered the market in 2014.
The cars will be used for car rental services, as the island's tourism industry expects more overseas tourists in the coming years, especially those from the United States, as the two countries have announced the opening of embassies on each others' soil after 54 years of enmity.
Honda recalls SUVs in ChinaJapanese automaker Honda has announced a recall of 2,400 Acura-branded SUVs in China.
China's quality watchdog on Monday said a fault that could see a section of the vehicles' air conditioner detach and fall off is the main reason of this move.
The
affected103 vehicles are imported Acura MDX SUVs manufactured between March 2013 and October 2014.
The company's China branch will replace the faulty parts free of charge starting from July 25.
SportsWimbledon recapAnchorFirst, some tennis action from Wimbledon.
Here is our reporter Fu Yu.
ReporterDefending champion Novak Djokovic has recovered from a Kevin Anderson scare and leveled their match before play was suspended.
Djokovic lost both the first two sets on tie-break but made a come back to win the next two 6-1, 6-4.
The match was halted due to fading light and the deciding set will resume alongside the women's quarter-finals.
In other action,Gilles Simon defeated Tomas Berdych in straight sets to reach the men's quarter-finals.
Richard Gasquet downed Nick Kyrgios in four sets.
Andy Murray, Roger Federer, Stan Wawrinka, and Marin Cilic made it through also.
Over on the women's side,Chinese player Zheng Jie's Wimbledon journey came to an end as she and her Finnish partner Henri Kontinen were knocked out of action in mixed doubles.
The pair was defeated 6-4, 6-2 in the second round.
Serena Williams beat her sister Venus 6-4, 6-3 to reach the quarter-finals.
The younger Williams says playing each other at the tournament is a dream come true for both sisters.
"Well, you never know. It's been six years since we played each other, so.... Like I said, I just really was enjoying the moment out there. It was such a great vibe, such a great situation to be in. When we both were so young to dream of coming into Wimbledon, and not only did we fulfil our dreams, we both won it five times and that's pretty amazing. And so I just had an opportunity to reflect on that."Williams' opponent in the quarter-finals is Victoria Azarenka.
Maria Sharapova and Timea Bacsinszky both made it through.
But Caroline Wozniacki was stopped in the fourth round by Garbine Muguruza.
Hao Wei offers to resignThe coach of China's women's football team Hao Wei has offered to resign.
He will have to wait for the approval of the football association before he can leave.
Hao led China into the quarter-finals of the Women's World Cup and is supposed to stay until after the qualification for the Rio Olympic Games.
He has been with the team for almost five years and had turned down offers from the Chinese Super League. Hao has said he wants to coach men's football.
Chinese company completes take-over of French clubSome football news,Chinese hi-tech company Ledus has officially taken over French second division club Sochaux from carmaker Peugeot.
The deal is reportedly worth seven million euros. It makes the French club the first in Europe under total Chinese control.
Ledus financial director Chi Hong Chiu says the company has a goal.
"We'd like to help the club go back to Ligue 1 as soon as possible. We are coming here to build a strong team, a more competitive team and we hope we can go back to Ligue 1 in the upcoming season."Sochaux is the first professional football team in France. It was set up by Peugeot in 1928. It had spent a record 66 seasons in the top-flight of French leagues, before being
relegated104 last year.
Andrea Pirlo joins New York CityItalian Seria A champion Juventus has confirmed Andrea Pirlo's move to New York in Major League Soccer.
Pirlo still has a year left on his contract with Juventus but the team agreed to release him early.
The 36-year-old midfielder will join Frank Lampard in New York.
Pirlo has six Serie A titles with AC Milan and Juventus and was a member of Italy's
victorious105 2006 World Cup
squad106.
Rodriguez wins stage 3, Froome in yellowIn cycling,Katusha's Joacquim Rodriguez has won stage three of the Tour de France while Chris Froome moved into the leader's yellow
jersey107.
Rodriguez edged out Froome at the finish of a stage that was
marred108 by heavy crashes. But Froome was the bigger winner, as he gained 11 seconds on Vincenzo Nibali and Nairo Quintana, and a further 7 seconds on Alberto Contador.
He also picked up 6 bonus seconds at the finish.
Froome now leads Contador by 36 seconds on the GC. Nibali and Quintana are further down by about one minute.
Overnight leader Fabian Cancellara was involved in the crash and
retired109 with a fractured vertebra.
Elsewhere,Marko Kump from Team Adria Mobil made it two wins in as many days at the Tour of Qinghai Lake.
With that he
consolidated110 his grip on the yellow jersey, leading second-place rider Mattia Gavazzi by four seconds.
China's Xue Mingxing won the blue jersey for the best Asian rider.
Rory McIlroy's Open hopes in doubt after injurySome golf news,World number one Rory McIlroy has injured his ankle while playing football and will likely miss the Open Championship.
McIlroy announced on his Twitter and Instagram accounts that he has already started rehab. But his chances of defending the Open title is in serious doubt.
McIlroy's spokesman says the golfer is definitely out of the Scottish Open which starts on Thursday. The spokesman also said they have to wait until the weekend to know whether McIlroy will be teeing off at the Open Championship, which starts on July 16th at St. Andrews.
EntertainmentBroadcasting cooperation strengthened along Belt and Road24 radio and television companies from countries along the Silk Road Economic Belt and the 21st Century
Maritime111 Silk Road have inked a
memorandum112 on broadcast cooperation.
The countries include China, Cambodia, Kazakhstan, Mongolia, Nepal, Sri Lanka and Tajikistan.
Cooperation involves visits by institution leaders, and exchanges involving programs, skills, and personnel.
The move is expected to expose audiences to
varied113 culture and news, and increase understanding through media.
Hong Kong Fashion Week turns
spotlight114 on budding designersThe 22nd Hong Kong Fashion Week has kicked off.
This season the spotlight is on young designers.
Design-team duo Walter Kong and Jessica Lau say they generally draw inspiration from famous fairy tales or stories that they make up.
Lau explains that for their Spring/Summer 2015 collection, it's a mix of both: "It's about the Nutcracker. We have a slight twist. It's like a mysterious world, the swan being in a space ship, and carrying the Nutcracker to a candy world, trying to find his true love."Some designers are inspired by traditional Chinese culture.
Up-and-coming talent Chloe Sung says influences from her culture are visible in all her designs.
"I think for me personally, I'm very proud of the Chinese or the Eastern traditional arts. So when I design, I usually add some Asian elements and apply them to Western
silhouettes115 and designs."The
biennial116 Hong Kong Fashion Week runs to Thursday.
Jet Li attends charity gala on the opening night of Hong Kong Fashion WeekKong Fu star Jet Li has made a rare public appearance in Hong Kong to attend a star-studded charity gala on the opening night of Hong Kong Fashion Week.
The 52-year-old action star was accompanied by his good friends, film producers Charles Heung and wife Tiffany Chen. Li was diagnosed with hyperthyroidism a few years ago.
And he has scaled back his
acting117 career and has instead been focusing on his charity organization, One Foundation. He had a
recurring118 role in the "Expendables"
franchise119, appearing in the third film in 2014. Other
celebrities120 attending the gala included fellow Kung Fu star Donnie
Yen121 and Ray Lui.
Movie "Forever Young" Meets with MediaThe stars of Chinese youth movie-"Forever Young" have met with media in Beijing to help promote the movie.
Director He Jiong, along with producer Huang Lei, joined the main actors at the event.
The movie
revolves122 around the bittersweet experiences of several college students in pursuing their dreams.
This is the directorial
debut123 of TV host-turned director He Jiong.
It is developed from a popular folk song with the same name sung by He ten years ago.
It'll be released this Friday.
U.S. Post Office to release new stamps of famous facesThe U.S.
Postal124 Service is offering some new stamps of famous faces like Elvis Presley, Ingrid Bergman and Paul Newman.
Newman's stamp features a photograph taken of the actor and philanthropist in 1980.
Bergman's stamp is unique because it will be released in the U.S. and also by Sweden's Post.
Bergman won three Academy Awards, two Emmys and a Tony Award.
Meanwhile, the USPS will also offer a Presley greatest hits CD to go along with its stamp.
The stamp and CD are part of this year's Elvis Week celebration in Memphis, Tennessee.
The album includes 18 Elvis hits and a new performance of "If I Can Dream.""ELVIS FOREVER" will be available online and in select post offices in mid-August along with the stamp, which features a black-and-white image of the young "King of Rock 'n' Roll."The Postal Service featured Elvis on a stamp in 1993, one of the most popular commemorative stamps of all time.
That's it for this edition of the Beijing Hour.
Recapping our top stories this morning...
new details concerning the Chinese president's visit to Russia for the latest BRICS and SCO summits have been revealed...
A series of events are to be held over the next three months to mark China's victory in the War Against Japanese Aggression...
And European officials are pressing Greece to come up with new and serious proposals to restart talks over the country's debt crisis...
In Business...efforts over the weekend to support the Chinese stock market earned 'mixed' results on Monday...
On behalf of the Beijing Hour staffers, this is Shane Bigham in Beijing hoping you'll join us for our next edition of the Beijing Hour to open a window to the world together
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