2025-6-22 Xinwen Lianbo Text Version
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2025-6-22 Xinwen Lianbo Text Version

Xi Jinping's Financial Discourses and Practices in Fujian: A Source of Inspiration

Finance is of paramount importance to the nation and is crucial to the overall construction of Chinese-style modernization. General Secretary Xi Jinping has always attached great importance to financial work. During his tenure in Fujian, he conducted profound forward-looking thinking and practical exploration on a series of major issues in the financial sector, forming a large number of original ideas and pioneering practices, and achieving landmark results. This has provided a continuous source of vitality for forging a path of financial development with Chinese characteristics and holds extremely important guiding significance for current financial work. Since the beginning of this year, Xiamen International Bank has continued to upgrade its financial products, increased support for cutting-edge industries, and launched various financial services for overseas Chinese merchants and enterprises, including cross-border remittances and global consumption. Xiamen International Bank, the first joint-venture bank in China, was established in 1985, a project initiated by Comrade Xi Jinping, then a member of the Standing Committee of the Xiamen Municipal Party Committee and Executive Vice Mayor. At that time, the State Council approved the expansion of the Xiamen Special Economic Zone to the entire island, and facing a new round of special economic zone construction, a shortage of funds was one of the most pressing issues. Attracting financial "living water" became a priority. Xiamen International Bank actively introduced overseas Chinese and foreign capital, raising funds through bond underwriting, equity financing, and other means, providing strong financial support for the construction of the special economic zone. Comrade Xi Jinping continuously promoted the reform and opening up of the financial industry, facilitating the establishment of overseas Chinese investment companies and local insurance institutions... A series of pioneering financial reform measures injected surging vitality into the development of the Xiamen Special Economic Zone. In the 1980s and 1990s, a critical period for the transition from a planned economic system to a socialist market economic system, Comrade Xi Jinping keenly recognized the role of modern finance in promoting economic development. In his "1985-2000 Xiamen Economic and Social Development Strategy," he put forward a forward-looking vision for establishing a special economic zone financial system; in the "3820 Strategic Project," a special chapter was dedicated to the financial industry development plan of Fuzhou City and other financial system constructions. The success of financial work and financial stability are related to the overall national economy. Comrade Xi Jinping has always had deep insights into financial services for the real economy, initiating a series of "finance for the people" practices and innovations. In the 1980s, constrained by the characteristics of forestry production and lagging financial services, many forest farmers in Ningde could only live in poverty despite their abundant forests. How to turn forests into a "money vault"? Comrade Xi Jinping, then Secretary of the Ningde Prefectural Party Committee, pioneered the "living timber loan" solution, using growing forest resources as loan collateral, changing the then-existing situation where forest farmers could only wait for trees to mature and be felled to obtain income. Afterward, he further promoted the reform of collective forest tenure in Fujian, guiding various financial institutions to deepen cooperation with local governments and forestry departments, opening the doors of banks and revitalizing countless mountains. Rural financial services are a very important basic condition for poverty alleviation and prosperity. During his time in Ningde, Comrade Xi Jinping found that many villages did not have credit union agencies, making even the most basic deposit services impossible. He immediately requested financial departments to promptly improve agricultural financial services in rural areas. Following this思路, Chixi Village in Ningde used bank loans to build a reservoir power station; Lianjia boat people in Fu'an received loan support for housing construction and aquaculture, enabling them to settle on land. For over 20 years, Fujian has practiced Comrade Xi Jinping's financial discourses and practical experience in Fujian, continuously exploring and innovating, achieving long-term success, with continuously improved efficiency of financial resource allocation and capabilities of serving the real economy. In 2024, Fujian Province's GDP reached 5.7761 trillion yuan, high-tech enterprises exceeded 14,000, there were 20 industrial clusters exceeding 100 billion yuan, and 305 strong villages with rural characteristic industries exceeding 100 million yuan were cultivated.

Wang Huning Meets with Thai Parliament President and House Speaker

Wang Huning, Chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, met with Wan Nor, President of the Thai Parliament and Speaker of the House of Representatives, in Beijing on the 22nd. Wang Huning stated that in February this year, President Xi Jinping and Prime Minister Srettha Thavisin, who was visiting China, reached an important consensus on deepening the building of a China-Thailand community with a shared future, which further pointed the direction for the development of bilateral relations. China is willing to work with Thailand, taking the opportunity of celebrating the 50th anniversary of diplomatic relations, to carry forward the traditional friendship of "China and Thailand are one family," consolidate the political, economic, and public opinion foundations of the China-Thailand community with a shared future, and better benefit the people of both countries. The National Committee of the Chinese People's Political Consultative Conference is willing to contribute to the development of bilateral relations. Wan Nor said that the friendship between Thailand and China has a long history, and "Thailand and China are one family" is deeply rooted in the hearts of the people. Thailand supports the series of global initiatives proposed by President Xi Jinping and is willing to strengthen cooperation with China in various fields. This year marks the 50th anniversary of diplomatic relations between Thailand and China, and the Thai Parliament is willing to strengthen exchanges and cooperation with China to promote the common development and prosperity of the two countries. Hu Chunhua, Wang Dongfeng, and others attended the meeting.

Regions Innovate Consumption Scenarios, Unleashing New Vitality

Various regions are deeply tapping into consumption potential and continuously stimulating new consumption vitality by reactivating and utilizing urban "stock assets," innovating and creating nighttime consumption scenarios, and opening trendy shopping malls. Reactivating and utilizing urban "stock assets" to create new consumption formats. In the core area of Beijing, the newly built courtyard-style commercial district, Dajixiang, has attracted over 2 million visitors in less than a month since its opening. Beijing has restored a cultural heritage building with a history of over 200 years, preserving its original appearance while promoting its use, transforming it into a 360,000 square meter complex featuring "cultural heritage area + commercial + office + park." Dajixiang also offers various exhibitions, performances, and other diverse cultural activities within the cultural heritage space, attracting culture enthusiasts from all directions. Xiamen, Fujian, has transformed a section of old railway tracks and old factories, which witnessed Xiamen's transformation from a fishing village to a metropolis, into a 10,000 square meter train-themed park. The park has introduced various businesses such as rock climbing and fitness, as well as catering services, and also organizes cultural and sports activities like film weeks during holidays. Innovating and creating nighttime consumption scenarios. From this month until September, Shanghai will launch 130 themed summer night activities focusing on night shopping and night tours, as well as a series of distinctive scenarios such as "bus + consumption" and "cruise + consumption." Various business districts will extend their operating hours to stimulate nighttime consumption vitality, and various performance venues and cinemas will link up with shopping district catering and retail businesses. In Changchun, Jilin, entering this shopping mall feels like stepping into a "mountain city." Walking up the mountain path, one can see elements like caves, slopes, rocks, and trees, providing a mountain climbing experience comparable to reality. From January to May this year, the mall's average daily customer flow reached 35,000, with average daily sales of approximately 1.8 million yuan.

"Trade-in" Policies Boost Rural Consumption Upgrade

Currently, the nationwide county-level home appliance market is welcoming its mid-year sales peak. Driven by the "trade-in" policy, the vitality of the rural market is further unleashed, with a clear trend of consumption upgrading. Data shows that from May 1 to June 21, county-level home appliance sales increased by 47% year-on-year, and "trade-in" sales increased by 54% year-on-year, marking a new sales peak in the county-level home appliance market. At the same time, the trend of consumption upgrading in the county-level market is evident. In the first five months of this year, sales of home appliances priced over 10,000 yuan increased by 73% year-on-year. "New three major items" such as dryers, water purifiers, and dishwashers continue to be popular, and green and intelligent products have become the new mainstream consumption for county-level residents. Meanwhile, new products adapted to rural needs are also being launched at an accelerated pace. Air-source heat pumps, which save more than 50% energy compared to traditional energy sources and can be used for both summer cooling and winter heating, have been selling well since their launch. Concurrently, various regions are also innovating service models to bridge the "last mile" of "trade-in" services. Dazhou City, Sichuan Province, has organized county and township-level home appliance and digital enterprises to form a service alliance, implementing cross-store ordering, nearby delivery, and installation and maintenance services for all categories of home appliances and digital products; Liuyang City, Hunan Province, relies on the "county-level centralized procurement and distribution center" to shorten delivery times to within 24 hours.

National Railways Transport 1.641 Billion Tons of Cargo from January to May

I learned from China State Railway Group Co., Ltd. that from January to May this year, national railways transported a cumulative total of 1.641 billion tons of cargo, a year-on-year increase of 3.1%. Transportation of bulk materials was effectively guaranteed. From January to May, national railways transported 845 million tons of coal. The volume of mineral construction materials, metallurgical materials, and grain increased by 22%, 9.1%, and 5.5% year-on-year respectively, providing strong support for the stable operation of the national economy. Logistics service quality continued to improve. From January to May, the "road-to-rail" shift for bulk cargo transportation achieved remarkable results, with 43 multimodal transport "single-document" products developed, and 6.833 million TEUs of rail-water intermodal container cargo transported, a year-on-year increase of 18.4%, effectively reducing logistics costs. Cross-border cargo transportation remained stable and smooth. From January to May, China-Europe freight trains maintained stable operations, and the China-Laos Railway transported a cumulative total of 2.502 million tons of cross-border cargo, a year-on-year increase of 8%, effectively ensuring the stable operation of international supply chains.

Smart Meteorology Safeguards Summer Harvest Season

"Sanxia" production (summer harvest, summer planting, and summer field management) is crucial for both securing a good summer grain harvest and laying the foundation for autumn grain production. Meteorological departments at all levels have made early deployments, intensifying observation frequency and strengthening meteorological satellite remote sensing monitoring, among other measures, to provide more practical and detailed meteorological services and technological support, ensuring "Sanxia" production. Agricultural seasons wait for no one. Recently, in Qiuzhuang Village, Wangdu County, Hebei Province, drone lights illuminated the entire wheat field, and farmers rushed to harvest wheat overnight based on frequent rainfall information from the meteorological department. Summer harvest is closely followed by summer planting. In Huai'an, Jiangsu, the local meteorological department has launched "time- and zone-specific" forecasts for the rice transplanting period, introducing humidity remote sensing monitoring technology to protect summer planting. At the Shandong Provincial Climate Center, reporters saw that by relying on high-resolution satellite remote sensing images, meteorological departments can accurately outline the planting boundaries of food crops and regularly produce provincial, city, and county-level reports on crop growth, farmland moisture, and agricultural meteorological disaster remote sensing monitoring and assessment, providing timely data support for production decisions by local governments and agricultural departments. During the "Sanxia" period, it is also a critical period for pest and disease monitoring and control. Migratory insects generally fly at altitudes of 500 to 2000 meters, which is within the effective detection range of weather radar. The Meteorological Detection Center of the China Meteorological Administration has improved the automatic recognition accuracy of biological echoes by using artificial intelligence deep learning algorithms, allowing for clear and dynamic capture of the entire migration process of insects. This provides technological support for green agricultural development and efficient pest and disease control. During the "Sanxia" season, meteorological technology escort and multi-departmental collaboration contribute to stable grain production and increased income.

Xinjiang Tourism Heats Up as Summer Approaches

As the summer vacation approaches, Xinjiang's tourism market continues to heat up, with the local authorities implementing various measures to enhance tourist convenience and experience. Currently, the Kalajun Grassland in the Ili River Valley of Xinjiang is exceptionally beautiful. More than 10,000 tourists visit here every day, not only to enjoy the scenery but also to experience activities such as rock climbing and high-altitude ziplining. To welcome the peak summer tourism season, Ili, Xinjiang, has created multiple low-altitude tourism routes, connecting grasslands such as Nalati, Kuerdening, Kalajun, and Zhaosu. Since the Duku Highway reopened on June 1, the average daily vehicle traffic has exceeded 35,000, and the Duku Highway, which allows visitors to experience all four seasons in one day and connect different landforms and sceneries across northern and southern Xinjiang, has further boosted tourism popularity. To facilitate self-driving tourists, the local authorities have also added more rest stops and parking areas along the route. This year, Xinjiang is focusing on developing new products and business formats such as RV tours, low-altitude tours, and hiking expeditions to help extend the consumption chain. From January to May this year, Xinjiang received a cumulative total of 90.3423 million domestic and international tourists.

Cultural China Tour: Wannian Shangshan, Origin of World Rice

Rice, as one of the most important food crops, is the staple food for more than half of the world's population. At the Shangshan site in Zhejiang Province, China, archaeologists and researchers have discovered the earliest remains of rice cultivation known to date, refreshing the understanding of the origin of rice cultivation in the world. Today (June 22), in "Cultural China Tour," we will visit the Shangshan site and experience the source of rice cultivation that nurtured human civilization. The Shangshan site is located in Shangshan Village, Pujiang County, Jinhua, Zhejiang, dating back more than 10,000 years. It is the earliest Neolithic site discovered to date in the lower reaches of the Yangtze River. Since its discovery in 2000, after five archaeological excavations, more than 1,000 precious cultural relics such as pottery basins, pottery jars, and stone grinders have been unearthed. Through multi-disciplinary research and analysis of rice grains, husks, and leaf remains, archaeologists have confirmed that the rice unearthed at the Shangshan site has distinct characteristics different from wild rice, proving that the Shangshan people had already begun artificial cultivation of rice. This discovery further traces the history of Chinese rice cultivation culture back 10,000 years. The Shangshan site, together with the Kuahuqiao site (approximately 8,000 years ago), the Hemudu site (approximately 7,000 years ago), and the Liangzhu Ancient City site (approximately 5,000 years ago), collectively outlines a clear and continuous sequence of the origin and early development of artificial rice cultivation in China. Here, not only clear grains of 10,000-year-old rice were discovered, but also sickle-shaped stone knives and stone flakes used for harvesting rice, stone grinders and grinding rods used for threshing, and a special type of charcoal-tempered pottery. Archaeologists analyze that 10,000 years ago, ancient people may have already understood that to reduce the weight of pottery, increase adhesion, and prevent cracking during firing, they would grind rice husks and leaves and mix them into pottery clay for firing. The dense fragmented rice husks indicate that the scale of rice cultivation at that time was already considerable. Subsequent archaeological personnel discovered more than twenty Shangshan culture sites in surrounding areas, unearthing rich remains such as ring ditches and house foundations, and a large number of pottery and stone tools. The site cluster covers an area of nearly 30,000 square kilometers, collectively forming the earliest agricultural settled community discovered to date. One by one, the unearthed cultural relics slowly unfold a scroll of agricultural culture from 10,000 years ago. Currently, the Shangshan Archaeological Site Park has been listed as one of the fifth batch of National Archaeological Site Parks. The Shangshan Site Museum is expected to open by the end of this year, and this 10,000-year-old site, which provides evidence for the "origin of world rice cultivation" and the "source of Chinese agrarian village culture," will tell the story of Chinese agrarian civilization to the world.

Domestic News Briefs

New Batch of 30 National Logistics Hub Construction Lists Released. Reporters learned from the National Development and Reform Commission today (June 22) that a new batch of 30 national logistics hub construction lists has been released, covering 24 provinces and 2 cities with separate plans in eastern, central, and western China. Among the newly selected hubs, the total number of production-service and trade-service national logistics hubs reached 19, accounting for 63%, which will further promote industrial integration and accelerate the development of China's hub economy. China's Cumulative Grid-connected Wind Power Capacity Reaches 15.5%. Latest data shows that from January to April this year, China's wind power generation reached 381.43 billion kWh, a year-on-year increase of 17.35%, accounting for 12.78% of the total electricity generation in society. As of April 2025, China's cumulative grid-connected wind power capacity accounted for 15.5% of the total installed power capacity. Cross-border Payment Connect Launched Today, Real-time Transfers Between Mainland and Hong Kong Enabled. Today (June 22), the cross-border payment connect between mainland China and Hong Kong was launched. Residents of both regions can now make cross-border remittances and other operations by simply entering the recipient's mobile number or bank account on their mobile phones. Cross-border Payment Connect can provide fast remittance services for business scenarios benefiting the integration of people's livelihoods in both regions, such as salary payments and overseas study fees, helping to improve cross-border payment efficiency and service levels between the two regions. State Administration for Market Regulation Promotes Quality Financing Credit Enhancement to Better Support SMEs. The State Administration for Market Regulation today (June 22) issued a notice to further carry out quality financing credit enhancement work and better assist small and medium-sized enterprises. It aims to strengthen coordination and linkage with financial regulatory departments, open up the entire chain of quality financing credit enhancement, and promote the inclusion of enterprises' quality capabilities and qualification information into credit evaluation approval and risk management models, thereby precisely serving small and medium-sized enterprises with customized credit products. Guangxi's Imports and Exports with ASEAN Reach 173.54 Billion Yuan in First Five Months. According to Nanning Customs statistics, in the first five months of this year, Guangxi's imports and exports with ASEAN reached 173.54 billion yuan, a year-on-year increase of 13%, reaching a new historical high for the same period. The 27th Shanghai International Film Festival Concludes. The 27th Shanghai International Film Festival concluded today (June 22). During the film festival, more than 400 films from 71 countries and regions were screened, with premieres accounting for 49%. During the film festival, events such as the Golden Goblet Awards ceremony and "Chinese Film and TV Night" were also held. The festival also fully leveraged the "film +" effect, driving economic benefits of approximately 5 billion yuan in industries such as transportation, accommodation, and catering.

US Claims Strikes on Iranian Nuclear Facilities, Iran Condemns US for Violating International Law

At noon Beijing time today (June 22), US President Trump delivered a speech stating that the US military had attacked three Iranian nuclear facilities in Fordow, Natanz, and Isfahan, successfully destroying Iran's nuclear capabilities, and the operation was a success. Key Iranian nuclear facilities were completely destroyed. According to US media reports, the US military used B-2 stealth bombers to drop six massive bunker-buster bombs, and US submarines launched 30 Tomahawk cruise missiles. Iranian media reported that Iran had previously evacuated the three nuclear facilities, and there were no radioactive materials in those areas. The International Atomic Energy Agency stated today that there are currently no signs of increased radiation levels around Iranian nuclear facilities. Iranian Foreign Minister Araghchi issued a statement today saying that the US attack was a blatant violation of the UN Charter and international law and would have "terrible consequences." Iran reserves the right to take all measures to defend its national sovereignty, interests, and the rights of its people. Iran has written to the UN Security Council requesting an emergency meeting. Iran claims a new round of missile strikes against Israel; Israel claims to have destroyed Iranian missile launch equipment. Iran claimed today to have launched a new round of missile attacks against Israel, firing 40 missiles, including "Fortress Breaker" missiles. The targets included Israeli military command and control facilities, defense technology research centers, and Ben Gurion International Airport. The Israeli military issued a statement today saying that it had taken action to destroy Iranian weapon equipment immediately after missile launches and launched a new round of strikes against military targets in western Iran. Yemen's Houthi rebels issued a statement today saying that the US aggression against Iran directly threatens regional and international security. The Houthis will resume attacks on US vessels in the Red Sea. UN Secretary-General Guterres issued a statement warning that the US attack on Iran would lead to a dangerous escalation of the regional situation and pose a direct threat to international peace and security. He emphasized that military means are not the solution, and diplomacy is the only way. Saudi Arabia, Iraq, Oman, and other countries today expressed serious concern about the US attack on Iranian nuclear facilities, condemned the violation of Iran's sovereignty, and called for resolving the crisis through dialogue.

Russia Claims Strikes on Ukrainian Military Airfields and Energy Facilities, Ukraine Claims Repelling Russian Offensives in Multiple Directions

The Russian Ministry of Defense stated on the 21st that the Russian military used high-precision air, land, and sea-based weapons, as well as drones, to strike Ukrainian military airfields and energy infrastructure providing fuel to the Ukrainian forces. Russia also claimed that the Russian army had taken control of the settlement of Zaporozhye in the Donetsk region, which is an important step towards completely controlling the Donetsk region. According to Russian media reports on the 21st, Russian President Putin, when answering a media question about a political solution to the Ukrainian crisis, said that Ukraine should not become a tool used by third parties against Russia, and Ukraine should maintain a neutral, non-aligned, and non-nuclear status. The General Staff of the Armed Forces of Ukraine stated on the 21st that over the past day, the Ukrainian army repelled dozens of Russian attacks in several directions. Fighting continues in multiple frontline areas, with the Pokrovsk direction being the most intense. Ukrainian President Zelensky stated on the 21st that Ukraine will take a series of measures to stop the Russian offensive, including increasing investment in drone systems and implementing special operational plans.

International News Briefs

Dozens of civilians killed in Israeli attacks on Gaza City and other areas. On the 21st, the Israeli army attacked multiple locations in the Palestinian Gaza Strip. According to Palestinian media and the Gaza Civil Defense Department, Israeli attacks on a neighborhood in Gaza City in the northern Gaza Strip and near a supply distribution point in the south resulted in the deaths of 41 Palestinians. South Korean police initiate investigation into 15 individuals over Jeju Air plane crash. The Jeju Air aircraft accident investigation team of the Jeollanam-do Provincial Police Agency in South Korea announced on the 21st that it had initiated an investigation into 15 individuals, including personnel from the Ministry of Land, Infrastructure and Transport, Korea Airports Corporation, and concrete facility-related companies, on suspicion of professional negligence causing death and injury. Police will decide whether to apply for arrest warrants for the relevant responsible persons based on the severity of their negligence. On December 29 last year, Jeju Air flight 7C2216, which departed from Bangkok, Thailand, crashed upon landing at Muan Airport in Jeollanam-do. Of the 175 passengers and 6 crew members on board, 2 flight attendants were rescued, while the remaining 179 people died. Anti-war protests erupt in multiple European countries. On the 21st, protests erupted in several European countries, including the United Kingdom, Germany, and Italy. Tens of thousands of people participated in protests in London, Berlin, and Rome. Protesters demanded that Israel stop attacking the Palestinian Gaza Strip, opposed war and plans to rearm Europe, and called for withdrawal from NATO. Six dead in California yacht capsizing accident. A yacht capsizing accident occurred on Lake Tahoe, California, USA, on the 21st, with 6 confirmed deaths, 2 rescued, and 2 missing. US Coast Guard officials stated that the yacht encountered sudden large waves while sailing. On the same day, in New York, USA, a yacht carrying approximately 400 people collided with a pier on the Hudson River, injuring 35 people. The cause of the accident is under investigation.

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