The US Federal Reserve kept its interest rate at 3.5-3.75 percent.

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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

WASHINGTON, January 29 (Xinhua) — The US Federal Reserve on Wednesday kept its benchmark interest rate at 3.5-3.75 percent following its first meeting in 2026.

The decision follows three consecutive interest rate cuts in the second half of 2025.

"Available indicators suggest that economic activity is expanding at a robust pace. Employment growth remains subdued, and the unemployment rate is showing some signs of stabilization. Inflation remains somewhat elevated," the Federal Open Market Committee (FOMC) said in a statement.

"In support of its objectives, the committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%," the statement said. "In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the committee will carefully evaluate incoming data, the changing outlook, and the balance of risks."

The FOMC reaffirmed its commitment to supporting maximum employment and returning inflation to its 2 percent target. –0–

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

The Chinese economy is confidently confronting external challenges, relying on “internal continuity.”

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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

“Every time I visit China, what strikes me most is how the Chinese are always able to extract the essence of their traditions, constantly creating something new and infusing their thousand-year-old civilization with modern vitality,” said Hervé Azoulay, a professor at the French Silk Road Business School and a former top manager at Schneider Electric, summing up his many years of observations of China in a recent interview.

Azoulay believes that, amid growing global economic uncertainty, China is strengthening its own stability by expanding domestic demand and supporting the global economy through high-quality growth and high-level openness. "This structural model allows China to more confidently cope with shocks caused by changes in the external environment." He argues that maintaining policy continuity and predictability provides sufficient time and space for economic transformation.

China is relying not on short-term stimulus but on modernizing its consumption structure. Growing demand in areas such as new energy vehicles, cultural products, the healthcare industry, and high-quality services has become a significant driver of domestic demand.

Azoulay notes that China is accelerating its transition from a growth model based on "scale and cost" to one driven by "innovation and efficiency." Areas such as artificial intelligence, semiconductors, robotics, green energy, and biotechnology are becoming new drivers of development.

He particularly highlighted China's institutional advantages at the innovation policy level: rapid resource mobilization, a flexible pilot testing mechanism, and close coordination between local authorities and enterprises. He believes the "pilot first, then disseminate" approach accelerates the transformation of innovative achievements into real productive forces.

Azoulay emphasized that China is pursuing a high-level policy of opening up, which includes further expanding market access, institutional openness, and comprehensive improvement of the business environment. "For the global economy, a more predictable, rule-governed, and accessible market helps foreign companies better capture demand in China and integrate into regional value chains."

Looking to the future, Azoulay believes that through continued investment in areas such as new energy sources, energy storage, and electric vehicles, China is significantly lowering the global cost threshold for green technologies, allowing more countries to participate in the energy transition affordably. This will have a profound impact on the global economy.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

During the 2026 Chunyun period, China will see 9.5 billion interregional trips.

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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

BEIJING, Jan. 29 (Xinhua) — The number of interregional passenger trips in China during Chunyun 2026, the country's special transportation season for mass internal migration before, during and after the Spring Festival (Chinese New Year), is expected to reach a record high of 9.5 billion, the National Development and Reform Commission said Thursday.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

China has executed 11 criminals from a telecoms fraud ring based in northern Myanmar.

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

HANGZHOU, Jan. 29 (Xinhua) — Eleven criminals from gangs based in northern Myanmar, including key members of telecom fraud gangs, were executed in China on Thursday.

All 11 people were sentenced to death in September 2025.

The execution was carried out by the Intermediate People's Court of Wenzhou City, Zhejiang Province, East China, with the approval of the Supreme People's Court of the People's Republic of China. -0-

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Frosty landscapes in Qixingshan National Forest Park

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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

Shuangyashan, Heilongjiang Province, January 26 (Xinhua) — Frost appeared on the trees of Qixingshan National Forest Park in Shuangyashan, northeast China's Heilongjiang Province, on Sunday.

Shuangyashan, Heilongjiang Province, January 26 (Xinhua) — Frost appeared on the trees of Qixingshan National Forest Park in Shuangyashan, northeast China's Heilongjiang Province, on Sunday.

Shuangyashan, Heilongjiang Province, January 26 (Xinhua) — Frost appeared on the trees of Qixingshan National Forest Park in Shuangyashan, northeast China's Heilongjiang Province, on Sunday.

Shuangyashan, Heilongjiang Province, January 26 (Xinhua) — Frost appeared on the trees of Qixingshan National Forest Park in Shuangyashan, northeast China's Heilongjiang Province, on Sunday.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Winter scenery of Fuxian Lake in Yunnan Province

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

YUXI, YUNNAN PROVINCE, January 28 (Xinhua) — Fuxian Lake, located in Yuxi City, southwest China's Yunnan Province, attracts many tourists in winter with its beautiful scenery.

YUXI, YUNNAN PROVINCE, January 28 (Xinhua) — Fuxian Lake, located in Yuxi City, southwest China's Yunnan Province, attracts many tourists in winter with its beautiful scenery.

YUXI, YUNNAN PROVINCE, January 28 (Xinhua) — Fuxian Lake, located in Yuxi City, southwest China's Yunnan Province, attracts many tourists in winter with its beautiful scenery.

YUXI, YUNNAN PROVINCE, January 28 (Xinhua) — Fuxian Lake, located in Yuxi City, southwest China's Yunnan Province, attracts many tourists in winter with its beautiful scenery.

YUXI, YUNNAN PROVINCE, January 28 (Xinhua) — Fuxian Lake, located in Yuxi City, southwest China's Yunnan Province, attracts many tourists in winter with its beautiful scenery.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

China has made significant progress in improving the ecological environment during the 14th Five-Year Plan period.

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

BEIJING, Jan. 29 (Xinhua) — China has made significant progress in reducing emissions of major pollutants through the implementation of 24,000 ecological and environmental improvement projects during the 14th Five-Year Plan period (2021-2025).

Sun Shouliang, an official with China's Ministry of Ecology and Environment, said at a press conference Wednesday that targets for reducing major pollutants, including nitrogen oxides, volatile organic compounds (VOCs), chemical oxygen demand and ammonia nitrogen, have been achieved over the past five years thanks to efforts to phase out outdated production capacity in certain industries and to improve wastewater treatment in both urban and rural areas.

Through efforts to phase out outdated production capacity during the 14th Five-Year Plan period, China achieved a reduction in nitrogen oxide and VOC emissions by about 210,000 tons and 220,000 tons, respectively.

According to the aforementioned ministry, the country has also implemented a green transformation in some manufacturing sectors, completing the transition to ultra-low emissions using traditional production facilities.

Sun Shouliang reported that wastewater treatment projects in urban areas contributed to a reduction of approximately 3.2 million tons of chemical oxygen demand and 350,000 tons of ammonia nitrogen emissions during the 14th Five-Year Plan period. The domestic wastewater treatment rate in rural areas also increased to 55 percent by 2025, double the level recorded at the end of 2020.

According to him, the country's current hazardous waste disposal capacity is approximately 220 million tons per year, which is 60 percent more than in 2020.

During the 15th Five-Year Plan (2026-2030), the Ministry will continue to plan and implement a number of flagship projects to further support environmental progress. -0-

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Dingxi City, Gansu Province: New Year-themed fair revives 'festive economy'

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

On January 19, a New Year's fair opened in Anding District, Dingxi City, Gansu Province, and will run until the 29th of the 12th lunar month.

On the first day, agricultural produce sales, local delicacies, children's entertainment, Qin opera performances, and intangible cultural heritage workshops attracted tens of thousands of local residents who came to shop and immerse themselves in the festive atmosphere.

Around 500 bloggers actively broadcasted live, showcasing the lively atmosphere of the fair and, in collaboration with offline vendors, promoting high-quality local agricultural products such as potatoes. This helps to stimulate consumer potential and contribute to the revitalization of rural areas.

Photo by a Xinhua News Agency correspondent.

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In 2025, the Belarusian automobile market grew by 14 percent.

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

Minsk, January 29 /Xinhua/ — The Belarusian automobile market grew by 14 percent in 2025, Dmitry Yarota, Director of the BAA-Consulting company, announced on Wednesday. Belta published the information on the same day.

According to D. Yarota, last year saw a massive shift from corporate car imports to individual imports. The electric vehicle segment grew by 181 percent. The share of electric vehicles among new cars more than doubled, reaching 23 percent.

The Belgee brand became the sales leader in Belarus /22.83 thousand units sold/, accounting for about 30% of the new car market. The top 15 also included Lada /10.44 thousand units/, Geely /9.03 thousand units/, BYD /6.61 thousand units/, Dongfeng /5.04 thousand units/, Voyah /2.53 thousand units/, Deepal /2.26 thousand units/, Li Auto /2.23 thousand units/, Nissan /1.38 thousand units/, BMW /1.23 thousand units/, Chevrolet /1.04 thousand units/, FAW /0.93 thousand units/, Haval /0.76 thousand units/, Mazda /0.56 thousand units/ and Zeekr /0.56 thousand units/.

"Individuals imported and registered approximately 100,000 vehicles, while legal entities imported 31,400. About 29,000 vehicles were manufactured at the BelGee plant, sold, and registered. Individuals accounted for the largest increase compared to the previous year—an increase of 19 percent," explained D. Yarota.

In terms of engine type, priority remained given to vehicles with internal combustion engines (82 percent of the total, or 130,400). Hybrids were imported and registered at 8,500 units, while electric vehicles accounted for approximately 20,000 units. The growth of the Belarusian market was primarily driven by electric vehicles and hybrids.

The country's market structure has changed. The share of new cars (up to two years old) increased from 41 percent to 47 percent over the year. The overall new car market grew by 31 percent. New cars were most frequently imported to Belarus by legal entities from China (62 percent), Russia (35 percent), and Germany (1.3 percent).

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An autumn stroll through the Xihu tourist area in Hangzhou

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

There are 36 West Lakes in China, but West Lake in Hangzhou is the most famous and picturesque. The West Lake tourist area, covering a total area of 60 square kilometers, is located north of Hangzhou's city center. Along the lake's shores are a number of attractions, including the Lingyin Temple, the Yuefei Temple, the Leifeng and Liuheta Pagodas, and Longjing Village, home to the renowned Longjing green tea.

Photographer: Gao Hui

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.