The National Bank of Belarus expects to intensify cooperation with the UAE in the banking sector

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

MINSK, July 31 /Xinhua/ — Chairman of the Board of the National Bank of Belarus Roman Golovchenko and Ambassador Extraordinary and Plenipotentiary of the UAE to Belarus Ibrahim Salim Mohamed Al-Musharrah held a meeting in Minsk on Wednesday. The parties discussed promising areas for the development of bilateral relations, including in the banking sector. The relevant information was published by the press service of the National Bank of Belarus on the same day.

During the meeting, R. Golovchenko noted that at the end of June 2025, an agreement was signed in Minsk between the governments of Belarus and the United Arab Emirates on trade in services and investment, and an agreement on economic partnership between the Eurasian Economic Union and its member states on the one hand, and the UAE on the other. After these agreements come into force, the UAE will become the first foreign country with which Belarus simultaneously creates both a free trade zone for goods and a free trade zone for services.

Also, according to R. Golovchenko, the National Bank of Belarus expects to intensify the entire range of bilateral relations with the UAE with the understanding that both countries have no issues that cannot be resolved. –0–

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Canada to recognize Palestinian state in September: PM

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

OTTAWA, July 30 (Xinhua) — Canada plans to recognize the State of Palestine in September, Prime Minister Mark Carney announced on Wednesday.

According to a statement from his office, Canada intends to recognize a Palestinian state at the 80th session of the UN General Assembly, since the prospects for realizing the “two-state solution” have been seriously and fundamentally undermined.

“This intention is based on the Palestinian National Authority’s (PNA) commitment to urgently needed reforms, including PNA President Mahmoud Abbas’s commitment to fundamentally transform the system of governance, hold general elections in 2026 in which Hamas will not be able to participate, and demilitarize the Palestinian state,” the statement said.

Canada also reiterated that Hamas should immediately release all hostages and disarm. The movement should have no role in the future governance of Palestine, the prime minister's office said. -0-

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Chinese automaker Dongfeng launches nine new models in Egypt

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

CAIRO, July 31 (Xinhua) — Chinese automaker Dongfeng launched nine new models in the Egyptian market on Wednesday.

The launch ceremony, which took place at the Cairo International Exhibition Centre, showcased a diverse lineup of models, including the MAGE ICE compact SUV, SHINE ICE sedan, and a range of electric and hybrid vehicles: DONGFENG BOX, DONGFENG 007, MAGE EV, VOYAH FREE, VOYAH DREAM, VOYAH PASSION and MHERO 917.

Liao Qingli, the company's general manager for the African market, said the new vehicles for the Egyptian market reflect Dongfeng's advanced engineering technology and innovation, as well as the company's commitment to meeting the growing needs of Egyptian consumers, adding that the company will open a regional office in Africa and an auto parts warehouse in Egypt.

According to the company, Dongfeng has more than 50 years of experience in automobile manufacturing, and its overseas business covers more than 100 countries and regions in Asia, Africa, South America and Europe. –0–

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Pakistan Deal Completed – D. Trump

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

NEW YORK, July 30 (Xinhua) — U.S. President Donald Trump said on Wednesday that the United States and Pakistan have reached an agreement that includes bilateral cooperation in developing Pakistan's oil reserves.

“We just made a deal with Pakistan where Pakistan and the United States will work together to develop their vast oil reserves,” Trump wrote on social media. “We are in the process of selecting an oil company to lead this partnership.”

So far, the US and Pakistani governments have not released official statements about the deal. –0–

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Flood relief work underway in Tianjin

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

TIANJIN, July 30 (Xinhua) — Work is underway to eliminate the aftermath of flooding caused by heavy rainfall in Jizhou District of Tianjin City.

TIANJIN, July 30 (Xinhua) — Work is underway to eliminate the aftermath of flooding caused by heavy rainfall in Jizhou District of Tianjin City.

TIANJIN, July 30 (Xinhua) — Work is underway to eliminate the aftermath of flooding caused by heavy rainfall in Jizhou District of Tianjin City.

TIANJIN, July 30 (Xinhua) — Work is underway to eliminate the aftermath of flooding caused by heavy rainfall in Jizhou District of Tianjin City.

TIANJIN, July 30 (Xinhua) — Work is underway to eliminate the aftermath of flooding caused by heavy rainfall in Jizhou District of Tianjin City.

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The highest natural three-color lake in the world in Bianba County, Chamdo City

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

Three-Colored Lake is located in Bianba County, Chamdo City, Xizang Autonomous Region, about 50 km away from the county seat. It consists of three small lakes: black, white and yellow. They have different colors under the sun, hence the name "Three-Colored Lake". The lakes, arranged in the shape of the character "品", are a natural landscape with a total area of 150,000 square meters. Their minimum altitude above sea level is 4,100 m. On August 1, 2024, the Three-Colored Lake received a certificate from the World Records Agency (WRCA) as "The Highest Natural Three-Colored Lake in the World".

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Chinese Commerce Minister Meets US-China Business Council Delegation

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

BEIJING, July 30 (Xinhua) — Chinese Commerce Minister Wang Wentao met with a U.S. delegation led by Raj Subramaniam, chairman of the U.S.-China Business Council, in Beijing on Wednesday.

The parties exchanged views on issues of Chinese-American trade and economic relations, as well as on issues of developing enterprises with American capital in China.

Despite ups and downs, China and the United States remain important economic and trade partners for each other, Wang Wentao said. He stressed that severing ties and decoupling supply chains will not bring the desired result, and that equal dialogue and consultation are the key to resolving differences.

As Wang Wentao recalled, under the leadership of the heads of the two states, the countries reached consensus in the trade and economic sphere in Geneva and a framework agreement in London, and in recent days, the teams of the two sides held talks in Stockholm.

The Chinese Commerce Minister expressed hope that the United States will work with China to maintain stable, healthy and sustainable development of trade and economic relations.

Opening up is a fundamental national policy of China, and the country's doors will only open wider, Wang Wentao promised, adding that China's policy on using foreign investment has not changed and will not change.

He noted that China's consumer market remains one of the largest in the world, with huge growth potential and innovative vitality. The minister said China welcomes enterprises from all countries, including American-funded companies, to invest in China and share its development opportunities.

As R. Subramaniam noted in turn, the US-China Business Council is pleased to see that the trade and economic teams of the two countries are maintaining dialogue and achieving positive results.

China has sent a positive signal to the world that it will continue to deepen reforms and remain committed to opening up, and this has boosted market confidence, he said.

The US-China Business Council and its member companies are committed to long-term development in China and intend to play a constructive role in expanding bilateral trade and economic cooperation, R. Subramaniam emphasized. –0–

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China urges Japan to speed up entire process of disposal of abandoned chemical weapons on Chinese territory

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

BEIJING, July 30 (Xinhua) — China on Wednesday called on Japan to speed up the entire process of disposing of Japanese chemical weapons abandoned in China and restore a clean land for the Chinese people and justice for the international community as soon as possible.

Chinese Foreign Ministry spokesman Guo Jiakun made the call at a daily ministry briefing in response to a reporter's question.

“The abandoned Japanese chemical weapons in China represent one of the most serious crimes committed by Japanese militarists during the war of conquest against China,” the diplomat said.

Guo Jiakun stressed that China has always called on Japan to completely and thoroughly destroy them as soon as possible in strict accordance with the Chemical Weapons Convention and the memorandum of understanding between the governments of the two countries. “To date, the Japanese side has removed about 160,000 units of abandoned chemical weapons from underground and destroyed nearly 130,000. However, the disposal process as a whole is seriously behind schedule,” the official said.

He recalled that this year marks the 80th anniversary of the Victory in the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War, and July 30 marks the 26th anniversary of the signing of the Memorandum of Understanding between the governments of China and Japan on the destruction of chemical weapons left by Japan on Chinese territory.

Guo Jiakun said that even today, abandoned Japanese chemical weapons continue to pose a serious threat to the safety of the lives and property of the Chinese people, as well as to the environment, and the Japanese side bears undeniable historical responsibility for this.

China calls on Japan to seriously respond to the concerns of China and the international community, deeply reflect on its history of aggression, strictly fulfill its obligations and effectively enhance its contribution in all aspects, the spokesperson said.

"Japan must do its utmost to speed up the entire process of disposing of abandoned chemical weapons so that the day will soon come when the Chinese people no longer have to live in a land desecrated by chemical weapons and justice will be restored to the international community," Guo Jiakun added. -0-

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The Central Bank of Georgia has raised its economic growth forecast for 2025 to 7.4 percent.

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

Tbilisi, July 30 /Xinhua/ — The National Bank of Georgia (Central Bank) has revised upward its economic growth forecast for 2025 from 6.7 percent to 7.4 percent. The new forecast also exceeds the figure set in the state budget, where economic growth for 2025 is estimated at 6 percent, the National Bank of Georgia reported on Wednesday.

According to the regulator's statement, the key factors in the forecast increase were high economic activity and improved production potential, which helps to neutralize inflationary pressure caused by stable domestic demand.

According to preliminary data, economic growth in Georgia amounted to 8.8 percent in the period from January to May 2025, which significantly exceeds the annual average.

In addition, the National Bank predicts that in 2025 the average inflation in the country will be 3.8 percent. The decision of the Central Bank's Monetary Policy Committee indicates that this year the inflation target will remain above 3 percent, although in the future it is expected to approach 3 percent.

On Wednesday, the National Bank of Georgia decided to keep the refinancing rate at 8 percent. The regulator noted that keeping the rate unchanged is advisable against the backdrop of inflation rising to 4 percent in June. –0–

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D. Trump announced the introduction of 25 percent customs duties on imports from India

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

NEW YORK, July 30 (Xinhua) — U.S. President Donald Trump said on Wednesday that Indian goods exported to the United States will be subject to a 25 percent tariff starting Aug. 1, the American leader said in a post on the Truth Social social network.

According to D. Trump, although India is “our friend,” the United States does “relatively little business with it because their tariffs are too high.” The American president added that India has “the most onerous and obnoxious non-monetary trade barriers of any country.”

The head of the White House also noted that India “has always purchased the vast majority of military equipment from Russia and is the largest buyer of Russian energy resources.”

Therefore, he announced, starting from August 1, India will pay 25 percent customs duties and “a penalty for the above.”

U.S. Trade Representative Jamison Greer told CNBC on July 28 that the United States needs more time to negotiate with India to assess the country's readiness to open its market more to American goods.

Any tariff rate of 20 percent or more would be a disappointment to India, which had sought better terms than the 19 percent Trump offered Indonesia and the Philippines, Bloomberg reported Tuesday. –0–

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