Connect with us

Technology

CGTN: How China advances future development of the Global South

Published

3 months ago

on

BEIJING, Oct. 24, 2024 /PRNewswire/ — Practical cooperation has always been the foundation of the BRICS mechanism, a good example of which is the launch of the New Development Bank (NDB).

Headquartered in Shanghai, the NDB was jointly established by Brazil, Russia, India, China and South Africa in 2014 to mobilize resources for infrastructure and sustainable development projects in BRICS member nations and other emerging market economies and developing countries.

Approving over 100 projects in all member countries for approximately $35 billion by the end of 2023, the NDB has safeguarded the economic development of the BRICS member countries and contributed to the improvement and development of the global economic governance system.

“The collective rise of the Global South is a distinctive feature of the great transformation across the world,” Chinese President Xi Jinping said during the BRICS Plus leaders’ dialogue in Russia’s Kazan on Thursday.

He called on the countries in the Global South to use their collective wisdom and strength and stand up to their responsibility for building a community with a shared future for mankind.

Striving for common security, exchanges among civilizations

BRICS Plus countries should be a stabilizing force for peace, strengthen global security governance, and explore ways to address both the symptoms and root causes of hotspot issues, Xi said.

Regarding the Ukraine crisis, China has repeatedly dispatched special envoys to engage in shuttle diplomacy, laying the groundwork for ceasefire talks. For example, since late July, Li Hui, a special representative of the Chinese government on Eurasian affairs, has visited Brazil, South Africa, and Indonesia – key members of the Global South.

China and Brazil also jointly issued the six-point consensus and launched the group Friends for Peace to address the crisis along with other Global South countries.

Meanwhile, Palestinian factions, mediated by China, reconciled in Beijing in July, marking a key step toward peace in the Middle East.

Xi urged early de-escalation to pave the way for the political settlement of the Ukraine crisis and called for a comprehensive ceasefire in the Gaza Strip and a revival of the two-state solution.

People-to-people and cultural exchanges among BRICS countries have been in full swing in recent years, with events such as film festivals, sports games and documentaries building bridges for people to bond.

In late September, the BRICS Civilization Dialogue was held in Kazan, calling for actively practicing the Global Civilization Initiative and taking the BRICS Plus cooperation as the platform to continuously deepen cultural exchanges.

Noting that diversity of civilization is the innate quality of the world, Xi urged efforts to advocate exchanges among civilizations and enhance communication and dialogue to promote the development of all civilizations and strive for harmony among them.

Prosperity through development

In view of BRICS’ evolving development needs, Xi put forward the BRICS Plus program at the 2017 summit in China’s coastal city of Xiamen, encouraging more participation from other emerging markets and developing nations.

“Under the new circumstances, it is all the more important for BRICS countries to pursue development with open doors and boost cooperation with open arms,” Xi said at the 14th BRICS summit in 2022.

As an important economy in the world, China has assisted other developing countries in their economic and social development, playing a vital role in the BRICS cooperation mechanism.

Since its introduction three years ago, the Global Development Initiative has helped make nearly $20 billion in development funds available and launch more than 1,100 projects.

China has announced the upgrading of the South-South Cooperation Assistance Fund to a Global Development and South-South Cooperation Fund and the increase of its total funding to $4 billion, which has supported more than 150 projects. A Global Alliance on Artificial Intelligence for Industry and Manufacturing Center of Excellence has also been established in Shanghai.

The Global South emerges for development and prospers through development, Xi said, urging BRICS Plus countries to make themselves the main driving force for common development.

He added that China will also build a World Smart Customs Community Portal and a BRICS Customs Center of Excellence to welcome active participation by all countries.

https://news.cgtn.com/news/2024-10-24/How-China-advances-future-development-of-the-Global-South-1xXPxSroqNa/p.html 

View original content:https://www.prnewswire.com/news-releases/cgtn-how-china-advances-future-development-of-the-global-south-302286881.html

SOURCE CGTN

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

Published

18 minutes ago

on

January 10, 2025

By

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/navee-launches-st3-pro-and-gt3-pro-at-ces-2025-receives-ul-and-tuv-rheinland-certifications-302347809.html

SOURCE NAVEE

Continue Reading

Technology

Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

Published

18 minutes ago

on

January 10, 2025

By

nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

Photo: https://mma.prnewswire.com/media/2594677/nsave_Founders_AmerandAbdallah.jpg
Logo: https://mma.prnewswire.com/media/2594678/nsave_Logo.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/fintech-nsave-launches-investment-platform-offering-people-from-distressed-economies-protection-from-inflation-with-compliant-and-safe-investments-abroad-302347105.html

Continue Reading

Technology

Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

Published

18 minutes ago

on

January 10, 2025

By

HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

Photo – https://mma.prnewswire.com/media/2595229/image_5002362_11273757.jpg
Logo – https://mma.prnewswire.com/media/2356857/5109491/KuCoin_Horizontal_Green_LOGO_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html

Continue Reading

Trending