Category: China

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

NEW YORK, Aug. 5 (Xinhua) — U.S. President Donald Trump said on Tuesday that tariffs on U.S. imports of microchips and pharmaceuticals will be imposed "in the next week or so."

“We’ll put a small tariff on pharmaceuticals first,” Trump said in an interview with CNBC. “But in a year, a year and a half at the most, it’ll go up to 150 percent, and then to 250 percent, because we want pharmaceuticals to be made in our country.”

According to the American leader, a statement will also be made in the near future on the issue of duties on semiconductor products and microcircuits.

D. Trump added that his plans to introduce customs duties are still far from complete.

The announcement comes days after the U.S. administration imposed new tariffs on imports from a number of countries. They followed the release of a disappointing July jobs report on Aug. 1 that not only missed market expectations but also included downward revisions to employment figures for both June and May. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Moscow, August 5 (Xinhua) — The BRICS motor rally from Yekaterinburg to Moscow will take place from August 9 to 15, the organizers of the motor rally announced at a press conference in Moscow on Tuesday.

The event is timed to coincide with the opening of a new section of the M-12 "Vostok" highway Dyurtyuli – Achit. The section, more than 275 km long, opened in mid-July, became a continuation of the high-speed highway from St. Petersburg to Yekaterinburg.

"The launch of this road is one of the key links in the implementation of the project to create the international transport corridor "West-East". Of course, the launch of this project will have a huge socio-economic effect on the entire transport system of the country," said Igor Koval, First Deputy Chairman of the Board of the Russian state company "Avtodor". According to him, the key objective of the motor rally is to demonstrate to foreign partners the achievements in the development of the road and transport infrastructure of Russia.

The 1,600 km route will pass through the territory of six Russian regions. During the motor rally, business and cultural events are planned, during which participants will be able to get acquainted with the industrial, investment, tourism and cultural potential of the subjects of the Russian Federation.

50 cars have applied to participate in the rally. Representatives of 20 BRICS countries and partner countries have already confirmed their participation.

As Chairman of the Union of Chinese Entrepreneurs in Russia Zhou Liqun emphasized, the upcoming BRICS motor rally is an event of high international level. He reported that many Chinese companies operating in Russia supported this project. “The motor rally is not only an example of business cooperation, but also humanitarian and cultural interaction between Russia, China and the BRICS countries. I sincerely wish that the BRICS motor rally will unite us not only as a business community, but also as true friends,” he added, proposing to make this event annual.

The main organizers of the motor rally were the National Association of Infrastructure Companies (NAIC) and the state company Avtodor. The project was supported by the BRICS Business Council, the Russian Foreign Ministry and the Russian Chamber of Commerce and Industry. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

TEHRAN, Aug. 5 (Xinhua) — Former Iranian parliament speaker Ali Larijani has been appointed secretary of the Supreme National Security Council (SNSC), Iran's semi-official Fars News Agency reported on Tuesday.

As noted in the report, A. Larijani was appointed to the relevant position by decree of Iranian President Masoud Pezeshkian, who heads the Supreme National Security Council.

A. Larijani served as Speaker of the Iranian Parliament from 2008 to 2020.

He is also a senior adviser to Iran's Supreme Leader Ayatollah Ali Khamenei and has served on the Expediency Discernment Council since 2020.

A. Larijani replaced Ali Akbar Ahmadian, who was the Secretary of the Supreme National Security Council since May 2023.

On August 3, the Supreme National Security Council approved the creation of a national defense council, which will centrally review the country's defense plans and issues of increasing the potential of the Iranian armed forces.

The council is headed by the president and includes the heads of Iran's three branches of government, namely the executive, judicial and legislative branches, as well as the commanders of the armed forces and individual ministers. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

TEHRAN, Aug. 5 (Xinhua) — Iranian First Vice President Mohammad Reza Aref on Tuesday accused the United States of supporting Israeli "aggression" against Iran despite no evidence that Iran's nuclear program is not peaceful.

During a conversation with UN Secretary-General Antonio Guterres on the sidelines of a UN conference in Turkmenistan, M.R. Aref said Iran was complying with international rules and agreed to the ceasefire announced on June 24 solely for humanitarian reasons after 12 days of armed confrontation.

Iran's vice president has warned that repeated acts of aggression could destabilize West Asia. He criticized the UN's inaction, saying "more adequate action" could have prevented the current crisis in Gaza.

M.R. Aref described the situation in the Palestinian enclave as “barbaric,” calling on the UN to restrain Israel.

A. Guterres, for his part, called the US and Israeli strikes on Iran illegal, emphasized the priority of diplomacy for resolving the issue of the Iranian nuclear program, and noted the importance of respecting the rights of the Palestinians.

The Iran-Israel conflict began on June 13, when Israel attacked Iran's nuclear and military facilities. Then, on June 22, the United States bombed Iranian facilities in Natanz, Fordow, and Isfahan. Iran launched retaliatory attacks against both Israel and the United States, leading to a ceasefire agreement on June 24. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

GUANGZHOU, Aug. 5 (Xinhua) — Heavy rains have disrupted traffic on highways and rural roads in south China's Guangdong Province, prompting authorities to step up emergency response measures amid heightened flood risks.

Three sections of expressways, six sections of national and provincial highways and 25 rural roads remained closed due to heavy rain as of 5 p.m. Tuesday, according to the provincial Department of Transport.

Emergency teams have been dispatched to restore damaged highways.

After meteorological and hydrological forecasts warned of continued heavy rain and rising river levels, the flood alert in Guangdong province was raised to Level 2, the second-highest in China's four-tier system, at 2 p.m. on Tuesday.

As of 10:00 a.m., 16 rivers in the province had already exceeded dangerous levels.

Rainfall is expected to continue in parts of Guangdong Province on August 6, then ease on August 7 and 8.

In southern China's Guangxi Zhuang Autonomous Region, flood levels at three hydrological stations have exceeded warning levels, local authorities said. The Nankang hydrological station on the Nankangjiang River recorded its highest flood level since 2017, while the Xinlong station on the Wulaihe River recorded its highest flood level since 2018, the regional hydrological department said. –0–

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Translation. Region: Russian Federal

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Source: People's Republic of China – State Council News

JAKARTA, Aug. 5 (Xinhua) — The Chinese Consulate General in Denpasar on the Indonesian island of Bali confirmed on Tuesday that two Chinese citizens were killed when a boat capsized off the coast of Bali earlier in the day.

Denpasar Search and Rescue Authority chief I Nyoman Sidakarya said the incident occurred around 3pm local time when the Dolphin II speedboat, which was en route from Nusa Penida Port to Sanur Port, was hit by a large wave and capsized near its destination.

As I Nyoman Sidakarya specified, there were 75 passengers on board, including 73 foreign tourists, as well as five crew members. As a result of the incident, two people died, one is missing, and another 77 people were rescued.

Following the incident, the local search and rescue service sent inflatable boats and a rescue team to the scene. The search for one missing person is ongoing.

The Chinese Consulate General said it had immediately activated an emergency response mechanism and was in close contact with Indonesian authorities, taking necessary measures to resolve the consequences of the incident.

The consulate urged Chinese citizens in Indonesia to monitor sea conditions and take precautions when traveling. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

OSLO, Aug. 5 (Xinhua) — Norway, Sweden and Denmark have unveiled a joint military aid package for Ukraine that includes much-needed U.S.-made weapons under a NATO-coordinated initiative, the Norwegian government announced Tuesday.

Three Nordic countries will jointly finance one of the first aid packages under a new U.S. initiative called the Ukraine Priority Needs List (PURL) aimed at accelerating the delivery of critical military equipment to Ukraine.

Under the plan, Ukraine will receive American-made air defense systems, including additional missiles for the Patriot anti-aircraft system.

Norway will initially contribute NOK 1.5 billion (US$146 million), with the total package, jointly provided by Sweden and Denmark, estimated at around NOK 5 billion. –0–

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Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

DHAKA, Aug. 5 (Xinhua) — Muhammad Yunus, chief adviser to the caretaker government of Bangladesh, on Tuesday highlighted the economic potential of his country at an investment summit in Dhaka, where investors from around the world are presenting their plans to invest in Bangladesh.

“We invite you to join this endeavour to change not only Bangladesh but the world through your business,” said M. Yunus at the Bangladesh Investment Summit 2025.

“So if you want to do business with purpose along with the business we do, Bangladesh is the right place,” the caretaker chief executive said at the opening ceremony.

The four-day Bangladesh Investment Summit 2025, which kicked off on Monday, has attracted hundreds of investors, policymakers and business leaders from around the world to explore the country's expanding investment landscape. –0–

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Translation. Region: Russian Federal

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Source: People's Republic of China – State Council News

KYIV, Aug. 5 (Xinhua) — Ukrainian President Volodymyr Zelensky said on Telegram on Tuesday that he had a productive phone conversation with U.S. President Donald Trump, discussing the two countries' security cooperation.

According to V. Zelensky, the key topic of the conversation was ways to end the Russian-Ukrainian armed conflict, including the introduction of sanctions against the Russian Federation.

The Ukrainian President noted that he exchanged views with the head of the White House regarding the latest Russian strikes on Kyiv and other Ukrainian settlements.

Separately, V. Zelensky and D. Trump discussed the readiness of a number of European countries, in particular the Netherlands, Sweden, Norway and Denmark, to allocate over 1 billion US dollars for the purchase of American weapons for Ukraine.

In addition, V. Zelensky reported that official Kyiv has already drawn up a draft agreement on drones and is ready to discuss and conclude this document. –0–

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Source: People's Republic of China – State Council News

BEIJING, Aug. 5 (Xinhua) — China has issued a policy document to strengthen financial support for new-type industrialization, the People's Bank of China (PBOC) said Tuesday.

A document released by the PBOC and six other government departments said China should have a broadly defined financial system in place by 2027 that supports advanced, intelligent and green manufacturing.

According to the directive, by 2027, the effective credit demand of manufacturing enterprises must be fully satisfied, while achieving sustainable growth in the volume of issuance and the number of issuers of bonds of manufacturing enterprises, as well as significant progress in equity financing.

The document provides for the optimization of financial instruments to promote breakthroughs in key technologies, attracting long-term assets and developing “patient capital” for the purpose of accelerating the commercialization of scientific and technological achievements. It is also planned to improve financial services for key enterprises to form safer and more independent production chains.

In addition, the directive calls for the use of financial mechanisms to support the modernization of traditional industries, the expansion of emerging industries and the strategic planning of industries of the future. –0–

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