Xi Jinping chaired a meeting of the Political Bureau of the CPC Central Committee to review provisions on the CPC's ideological and political work and study the draft Law on Promoting National Unity and Progress

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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, Aug. 29 (Xinhua) — The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to review provisions on the CPC's ideological and political work and study the draft Law on Promoting Ethnic Unity and Progress of the PRC.

The meeting was chaired by General Secretary of the CPC Central Committee Xi Jinping. -0-

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China's Summer Film Season Box Office Revenues Exceed Last Year's

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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, Aug. 29 (Xinhua) — China's 2025 summer movie season is drawing to a close with strong growth, with a large number of hit Chinese-made films pushing total box office revenues past last year's, signaling renewed activity in the world's second-largest film market.

As of Friday evening, China's summer box office had reached 11.64 billion yuan (about $1.64 billion), surpassing the total summer box office in 2024, according to Chinese ticketing platform Maoyan.

The summer film season in China will run from June 1 to August 31. Traditionally, it is one of the most profitable in terms of box office receipts in the country. –0–

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Russian President V. Putin's visit to China will be the main event in Russian-Chinese relations in the second half of 2025 — Russian Foreign Ministry

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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

Moscow, August 29 /Xinhua/ — Russian President Vladimir Putin's upcoming visit to China will be the main event in Russian-Chinese relations in the second half of this year and will have a broad international resonance, Russian Foreign Ministry spokesperson Maria Zakharova said at a briefing on Friday, answering a question from a Xinhua correspondent.

“I look at the Chinese press, our press, regional, global, and I see roughly similar assessments everywhere – with different emotional components, but they are roughly the same – the upcoming visit of the President of the Russian Federation to friendly China will be the main event in Russian-Chinese relations in the second half of this year and will have the widest international resonance,” the diplomat said.

As M. Zakharova noted, the head of the Russian state, together with a representative delegation, will take part in a number of events. From August 31 to September 1, the largest port city in northern China, Tianjin, will host the summit of the Shanghai Cooperation Organization (SCO), which will complete another political cycle of the organization's activities and will become the culmination of China's chairmanship.

“We note the proactive and energetic work of our Chinese colleagues, the Chinese presidency in preparing decisions on issues of multilateralism, regional security, sustainable development, as well as the contribution of our Chinese friends to strengthening the SCO as one of the pillars of a more just multipolar world order and enhancing its role as the basis for transforming Eurasia into a space of equal and indivisible security, mutually beneficial cooperation and prosperity,” she emphasized.

The central event of the Russian President's visit to China will be his participation, along with other foreign leaders, in events scheduled for September 3 in Beijing to mark the 80th anniversary of the Victory in the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War. "Our countries participated in that terrible war on one side – on the right side of history. We did everything to defend our independence, our sovereignty, but also everything to ensure that the world survived the onslaught and pressure of the misanthropic ideology of Nazism, fascism, and Japanese militarism," said M. Zakharova.

The official representative of the Russian Foreign Ministry added that the military parade on Tiananmen Square continues a series of large-scale commemorative events dedicated to the 80th anniversary of the end of World War II. “In May, during a four-day visit to our country, Chinese President Xi Jinping attended the anniversary Victory Parade on Red Square, where a ceremonial detachment of servicemen of the People’s Liberation Army of China marched. The decision of the heads of Russia and China to celebrate such significant memorable dates for our peoples together is, of course, a tribute to the feat of our peoples during World War II,” she said.

M. Zakharova recalled that the Russian President had repeatedly noted that Russia remembers and highly values the contribution of the Chinese people to the common Victory. “The military brotherhood of our peoples, which developed during those harsh war years, is one of the fundamental foundations of modern Russian-Chinese relations of comprehensive partnership and strategic interaction,” the diplomat noted.

The official representative of the Russian Foreign Ministry emphasized the inviolability of the common positions of Moscow and Beijing in upholding historical truth and justice in the fight against the falsification of history and revisions of the results of World War II. She also said that the war is a special page in the history of her family. Her grandfather participated in the preparation of fortified areas in the Far East. “That is why we also find this commonality here – how many people, how many families remember, know and honor our common history through the history of their ancestors,” concluded M. Zakharova. –0–

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Financial news: 08/29/2025 Changes in the parameters of the third deposit auction of the Federal Treasury

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Application selection parameters
Date of the selection of applications 08/29/2025
Unique identifier of the application selection 22025252
Deposit currency rubles
Type of funds funds of the single treasury account
Maximum amount of funds placed in bank deposits, million monetary units 310,000
Placement period, in days 4
Date of deposit 08/29/2025
Refund date 02.09.2025
Interest rate for placement of funds (fixed or floating) Fixed
Minimum fixed interest rate for placement of funds, % per annum 17,19
Basic floating interest rate for placement of funds
Minimum spread, % per annum
Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed for one application, million monetary units 1,000
Maximum number of applications from one credit institution, pcs. 5
Application selection form (open or closed) Open
Application selection schedule (Moscow time)
Venue for the selection of applications PAO Moscow Exchange
Applications accepted: from 18:30 to 18:40
*Preliminary applications: from 18:30 to 18:35
*Competition mode applications: from 18:35 to 18:40**
**Time interval for the end of accepting applications (seconds): 120
Formation of a consolidated register of applications: from 18:40 to 18:50
Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 18:40 to 18:50
Submission to credit institutions of an offer to conclude a bank deposit agreement: from 18:50 to 19:30
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 18:50 to 19:30
Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

* for the open form of selection of applications from credit institutions for the conclusion of bank deposit agreements.

** the end time for accepting applications from credit institutions to conclude bank deposit agreements is set within the time interval and is determined by the exchange’s information software and hardware arbitrarily, within the established time interval.

Contact information for media 7 (495) 363-3232Pr@moex.kom

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Financial news: The volume of the NPF pension portfolio has reached almost 9 trillion rubles.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The maximum growth (by 7.3%) in the second quarter of 2025 was shown by pension reserves of non-state pension funds (NPF). They increased due to an increase in income from the placement of these funds, as well as the inflow of money into the non-state pension provision program and the long-term savings program. The volume of pension reserves amounted to 2.5 trillion rubles.

Pension savings of the funds increased by 3.2%, to 3.5 trillion rubles, due to the growth of investment income. The average weighted yield (before paying remuneration to the fund) of pension savings increased to 15.5% per annum, pension reserves – to 19% per annum.

In the second quarter, NPFs mainly acquired OFZ with a constant coupon income, and they also expanded their investments in shares. These financial instruments were popular in anticipation of further price growth in the stock and bond market against the backdrop of a reduction in the key rate.

Read more in"Review of key indicators of non-state pension funds for the second quarter of 2025".

Preview photo: Chayantorn Tongmorn / Shutterstock / Fotodom

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Denis Manturov held a strategic session on improving weapons vision systems

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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A strategic session on improving the technical vision systems of weapons, military and special equipment was held at the Era Military Innovation Technopolis under the leadership of First Deputy Prime Minister Denis Manturov.

The event was attended by Deputy Chief of the General Staff of the Russian Armed Forces Anatoly Kontsevoy, representatives of the Ministry of Defense and central military command bodies, the Ministry of Industry and Trade, the board of the Military-Industrial Commission, defense industry enterprises and innovative development funds.

The session participants considered issues and requirements for technical vision systems of ground-based weapons and robotic systems, unmanned aerial vehicles, aviation and space systems and systems for solving reconnaissance, targeting and destruction tasks, taking into account the experience of conducting a special military operation.

"Russian enterprises have certain developments in the field of technical vision. They are based on optical, optoelectronic and radar technologies. Technical vision systems should be maximally integrated into all types and branches of the armed forces. In order to quickly advance along this vector, first of all, it is necessary to generalize the experience of using new technologies during a special military operation. Including on the enemy side," Denis Manturov noted.

The meeting defined the main directions and deadlines for the implementation of work to ensure compliance with the requirements of the Ministry of Defense, aimed at increasing the efficiency and reliability of technical vision systems placed on ground and air carriers.

One of the main topics discussed during the strategic session was the development of industrial and basic technologies, envisaged by the draft state program “Development of the military-industrial complex”, for the implementation of serial production of technical vision systems for military equipment.

The First Deputy Prime Minister got acquainted with the exposition of developments of Russian defense industry enterprises, where devices, systems and software and hardware complexes designed for detection and recognition of targets with the introduction of technical vision, implemented on the basis of trained neural networks were presented. In addition, unmanned systems using elements of artificial intelligence, virtual simulators of weapons and military equipment, communication systems, control, guidance and navigation systems for UAVs were demonstrated.

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Financial news: Measures for financial recovery of INVESTTORGBANK JSC (08/29/2025)

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Source: Central Bank of Russia –

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The Bank of Russia has approved amendments to the Participation Plan of the State Corporation “Deposit Insurance Agency” (hereinafter referred to as the Agency) in the implementation of measures to prevent the bankruptcy of INVESTTORGBANK JSC (hereinafter referred to as the Bank).

In accordance with the specified changes, the Agency will independently continue to implement measures to prevent the bankruptcy of the Bank. TKB BANK PJSC will cease participation in the financial recovery of the Bank as an investor after the relevant decisions are made by the management bodies of TKB BANK PJSC.

The bank will continue to fulfill all its obligations to its clients.

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Financial news: 01.09.2025 JSC “KAVKAZ.RF” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters:

Date of the deposit auction 09/01/2025. Placement currency RUB. Maximum amount of funds placed (in the placement currency) 595,356,000. Placement term, days 111. Date of depositing funds 09/02/2025. Date of return of funds 12/22/2025. Minimum placement interest rate, % per annum 16. Terms of the conclusion, urgent or special (Urgent). Minimum amount of funds placed for one application (in the placement currency) 595,356,000. Maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 10:00 to 10:10. Competitive bids from 10:10 to 10:15. Setting the cutoff percentage or declaring the auction invalid before 10:25. Additional terms.

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Marat Khusnullin: Applications from five regions for a new stage of the resettlement program from dilapidated housing have been approved

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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The first regions to receive funds for the new stage of the program for resettlement from dilapidated housing within the framework of the national project “Infrastructure for Life” will be Voronezh, Kurgan, Nizhny Novgorod, Novgorod regions, as well as the Republic of KareliaThis was reported by Deputy Prime Minister Marat Khusnullin.

"The program for resettling people from dilapidated housing has an important social significance, because the quality of life of our citizens depends on its results. This work continues within the framework of the national project "Infrastructure for Life". More than 7.8 billion rubles will be allocated to five regions for the implementation of the new stage of the program for resettling citizens from housing recognized as dilapidated after January 1, 2017. The corresponding applications were approved by the Territorial Development Fund. The decisions taken will ensure the resettlement of more than 8 thousand people from an area of about 147.6 million square meters," said Marat Khusnullin.

In particular, the Republic of Karelia will receive 5.2 million rubles to resettle 4,465 people from dilapidated buildings with an area of 86.2 thousand square meters, the Nizhny Novgorod Region – 1.8 million rubles to resettle 2,620 people from dilapidated buildings with an area of 42.4 thousand square meters, the Kurgan Region – 396 million rubles to resettle 823 people from dilapidated buildings with an area of 11.5 thousand square meters, the Voronezh Region – almost 229 million rubles to resettle 330 people. from emergency houses with an area of 5.7 thousand square meters, Novgorod region – 76 million rubles for the resettlement of 73 people from dilapidated houses with an area of 1.8 thousand square meters.

The program for resettling citizens from dilapidated housing is supervised by the Ministry of Construction, and the Territorial Development Fund acts as the operator.

"Resettlement of emergency housing is an extremely important task, the implementation of which determines the quality of life of many citizens, both those living in such housing stock and next to it. Since the resettlement of emergency housing stock allows for the further renewal of the urban environment. Since 2019, more than 874 thousand residents have improved their housing conditions under the resettlement program from emergency square meters. The FRT, as the program operator, will continue this work together with the regions to ensure the achievement of all set goals and promote an increase in the quality of life of citizens," said Vasily Kupyzin, General Director of the Territorial Development Fund.

Within the framework of the national project “Infrastructure for Life”, by 2030 it is planned to resettle 345 thousand citizens from emergency housing with an area of 6.2 million square meters.

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How Xi Jinping is Strengthening Good-Neighborly Ties with SCO Friends

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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, Aug. 29 (Xinhua) — Chinese President Xi Jinping met with the heads of foreign affairs agencies and heads of permanent bodies of the Shanghai Cooperation Organization (SCO), who were in China to attend a meeting of the SCO Council of Foreign Ministers, at the majestic Fujian Hall of the Great Hall of the People in central Beijing on July 15.

“China has always prioritized the SCO in its diplomacy towards neighboring countries and strives to make the organization more meaningful and stronger,” he emphasized at the meeting. This statement reflects China’s long-standing and tireless efforts to strengthen friendly relations with neighboring countries in the spirit of peace and development within the SCO platform.

As the Chinese leader noted during his June visit to the Kazakh capital Astana, Beijing's policy toward neighboring countries is based on a firm belief in developing a friendly, secure and prosperous neighborhood, as well as a firm commitment to the principles of goodwill, sincerity, mutual benefit and inclusiveness.

In the coming days, Xi will host an SCO summit in the northern Chinese port city of Tianjin, where he and other leaders of the organization will formulate strategies to promote regional security and prosperity and take concrete steps to build a closer SCO community with a shared future.

TIES OF GOOD NEIGHBOURHOOD AND PARTNERSHIP

This year, Xi Jinping has already made three trips abroad, two of them to SCO member states: Russia and Kazakhstan.

In June, the Chinese leader arrived in Astana to attend the second China-Central Asia summit. He was warmly greeted at the airport by his longtime friend, Kazakh President Kassym-Jomart Tokayev. This was Xi Jinping’s sixth visit to Kazakhstan as Chinese leader.

The China-Central Asia Summit aims to strengthen China's ties with its neighbors along the ancient Silk Road.

“There is a Central Asian proverb that compares harmony and unity to happiness and wealth,” Xi said at the summit. “We always wish well to our neighbors.”

China is one of the countries in the world with the largest number of neighbors. Strengthening partnerships with neighboring countries has been the mainstay of Beijing's foreign policy for decades. Xi Jinping attaches particular importance to developing a peaceful and friendly neighborhood.

Back in 2013, shortly after being elected head of state, he put forward the principle of “goodwill, sincerity, mutual benefit and inclusiveness.” This happened at the first conference on diplomacy towards neighboring countries since the founding of the PRC.

In April this year, speaking at the central meeting on work with neighboring countries, Xi Jinping called for the creation of a community with a shared future with neighboring countries.

Good-neighbourliness has always been a key topic on Xi Jinping’s agenda within the SCO. At the Bishkek summit in 2013, he called for the conscientious implementation of the Treaty on Long-Term Good-Neighbourliness, Friendship and Cooperation of the SCO Member States. Xi Jinping described the treaty and the SCO Charter as two documents that “enshrine the principles and provide guidelines for the SCO member states in their work.”

In the following years, the Chinese leader proposed an Action Plan for 2018-2022 to implement the provisions of the Treaty on Long-Term Good-Neighborliness, Friendship and Cooperation of the SCO Member States and achieved its adoption at the landmark Qingdao Summit in 2018, the first SCO summit hosted by Xi Jinping in China. A comprehensive plan for implementing the treaty for 2023-2027 was approved in 2022 in Samarkand, Uzbekistan.

The SCO is not an alliance against others. It adheres to the principles of openness and inclusiveness. In the words of Xi Jinping, it is like a “big family”. Over the years, China has deepened ties with both the founding members and new partners. Guided by the “Shanghai Spirit” of mutual trust, mutual benefit, equality, mutual consultation, respect for cultural diversity and common development, the SCO has become a comprehensive regional organization with the largest geographical coverage and the largest population in the world. It has 10 member states, two observer states and 14 dialogue partners.

Belarus officially became the 10th member of the SCO at last year's summit in Astana. In June, Xi Jinping received Belarusian President Alexander Lukashenko at the Zhongnanhai residence in Beijing. During the visit, Lukashenko noted China's deep friendship.

This is just one example of Xi Jinping’s regular contacts with SCO leaders. Since 2023, he has met with them dozens of times — on the sidelines of the organization’s summits, at other multilateral events, and during their visits to China. These high-level contacts have strengthened not only intra-SCO coordination, but also the personal friendships between the leaders.

“Among both relatives and friends, the more communication there is, the stronger the attachment,” he noted.

COMMON HOUSE OF PEACE

The blue glass of the futuristic façade of the Independence Palace glittered in the sun as SCO leaders arrived in Astana last July for their annual meeting. In his speech at the summit, held for the first time in the “SCO Plus” format, Xi called for an even more beautiful home for the SCO, outlining five priorities, including building a “common home of peace and tranquility.”

The SCO emerged more than two decades ago, when Central Asia and neighboring regions faced acute threats from terrorism, separatism, and extremism – the “three evil forces.” Since its founding in 2001, the organization has made regional security a cornerstone of cooperation.

“Security is a prerequisite for national development and a guarantee of people’s happiness,” Xi Jinping said in Astana.

For years, the Chinese leader has advocated for stronger security cooperation to create “lines of defense” for SCO members. At the organization’s 2014 Dushanbe summit, he proposed negotiating and signing an SCO Convention on Countering Extremism, which was signed by member states in Astana in 2017.

Xi Jinping also actively supports the SCO's fight against drug trafficking, organized crime and cyber terrorism, which has yielded noticeable results.

Take the fight against drug trafficking, for example. The organization regularly conducts anti-drug operations and has extended its Anti-Drug Strategy for another five years. This month, the SCO countries carried out an anti-drug operation codenamed “Spider Web.” It was coordinated by a headquarters led by China. During the operation, almost 10 tons of drugs were seized and 1,151 drug-related crimes were identified.

The Chinese leader seeks to strengthen common security in the region through other means of cooperation, outside the SCO framework, noting that “harmony and peaceful coexistence are the basis of China’s diplomacy towards neighboring countries.”

At the 2014 Conference on Interaction and Confidence-Building Measures in Asia (CICA) summit in Shanghai, Xi Jinping proposed a vision of common, comprehensive, cooperative and sustainable security. At the 2022 Boao Forum for Asia, he unveiled the Global Security Initiative, which Beijing views as a public good that advances global security governance.

“China undoubtedly plays an important and leading role in strengthening security in Central Asia within the SCO,” said Azamat Seitov, a research fellow at the Uzbek University of World Economy and Diplomacy.

“Chinese initiatives… contribute to strengthening stability, economic development and reducing security threats in the region,” he noted.

In today's interconnected world, peace remains fragile amid regional tensions and security uncertainties. This year marks the 80th anniversary of the Victory in the World Anti-Fascist War. In May, Xi Jinping visited Moscow to attend the parade on Red Square.

Xi Jinping stressed that the painful lesson of the war should never be forgotten. In 2015, when the 70th anniversary of the end of the World Anti-Fascist War was marked, the Chinese leader, speaking at the SCO summit in Ufa, Russia, noted that “all SCO member states withstood the test of blood and fire of World War II and contributed to the final victory at the cost of enormous sacrifices.” In a joint statement issued after the meeting, Xi Jinping and other leaders made a strong call for peaceful development and progress for all countries.

“Only in a peaceful environment on our doorstep can we develop calmly and confidently,” the Chinese President once noted.

THE FRUITS OF PROSPERITY

When China took over the SCO presidency from Kazakhstan last year, Xi Jinping proposed at an SCO Plus meeting to declare 2025 the Year of Sustainable Development.

In recent years, Xi Jinping has attached great importance to promoting the sustainable development of the SCO through a range of initiatives and joint projects. He notes that “real development is development for all, and good development is sustainable development.”

At the 2019 SCO summit in Bishkek, Xi Jinping announced the establishment of the SCO Demonstration Base for Agricultural Technology Exchange and Training in China’s Shaanxi Province. This was a concrete step to “make the SCO a model for mutually beneficial cooperation.”

Opened a year later in Yangling District, Xianyang City, the Demonstration Base has become a center for trade, training, and technology exchanges. It has trained more than 2,000 agricultural officials and technicians from SCO countries and developing countries, helping to alleviate poverty in those countries.

When the SCO Forum on Poverty Reduction and Sustainable Development was held in Xi'an, Shaanxi Province, in May, Xi Jinping sent a congratulatory letter to the participants. The SCO representatives noted that the letter reflected China's commitment to jointly building a beautiful world free from poverty.

At the same time, Xi Jinping has promoted the alignment of Chinese development initiatives such as the Belt and Road with the national growth strategies of SCO countries.

The China-Kyrgyzstan-Uzbekistan railway project, officially launched in Kyrgyzstan late last year, is the epitome of high-quality Belt and Road cooperation among SCO countries. Personally championed by Xi Jinping and his two Central Asian counterparts, the project is designed to become a strategic corridor linking China and Central Asia, promote regional connectivity and trade, and strengthen people-to-people ties.

According to official data, China's trade with SCO member states, observer states and dialogue partners reached a record US$890 billion in 2024, accounting for about 14.4 percent of China's total foreign trade turnover.

“Building a community with a common destiny with neighboring states is not just a philosophical formula. It is a concrete plan for sustainable, multidimensional, mutually respectful development,” said Serik Korzhumbayev, editor-in-chief of the Delovoy Kazakhstan newspaper.

He noted that the Chinese leader’s vision serves as a blueprint for deepening cooperation within the SCO. “Amid global upheavals and profound changes in the international situation, strengthening ties with neighboring countries opens up new prospects for promoting regional prosperity and creating a more equitable world order,” he noted. “The SCO certainly plays a pioneering role in this.” –0–

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