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Global Times: Xi’s trip marks new chapter in China’s relations with Latin America, showcases commitment to cooperating with Global South

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BEIJING, Nov. 21, 2024 /PRNewswire/ — Chinese President Xi Jinping’s visit to Latin America not only marks a new chapter in China’s relations with the continent but also underscores China’s commitment to advancing cooperation with and amplifying the voice of Global South nations, experts said. 

Xi left Brasilia on Thursday after attending the 19th G20 Leaders’ Summit and paying a state visit to Brazil. Brazilian senior officials bid farewell to Xi at the airport.

On the way to the airport, representatives of overseas Chinese, Chinese institutions and students waved the national flags of China and Brazil on both sides of the road, congratulating Xi on the complete success of the visit.

During his state visit to Brazil, President Xi and President Luiz Inácio Lula da Silva jointly announced to elevate China-Brazil ties to a China-Brazil community with a shared future for a more just world and a more sustainable planet, and to promote synergy between the Belt and Road Initiative and Brazil’s development strategies.

When asked to comment on the details, outcomes and highlights of President Xi’s visit to Brazil, Chinese foreign ministry spokesperson Lin Jian on Thursday said that the two presidents took stock of the past 50 years of China-Brazil relations, and agreed that the relationship is at its best period in history, is growing stronger in global, strategic and long-term significance, and has become an exemplar of common progress, solidarity and cooperation between major developing countries. 

Elevating the bilateral ties and synergizing the two countries’ development strategies will certainly enable the two countries to carry forward the past achievements in the relations and usher in the next “golden 50 years,” as well as to set an example for Global South nations to seek strength through unity and make new contributions to increasing the representation and voice of developing countries in global governance, according to Lin. 

President Xi also pointed out that next year marks the 10th anniversary of the official launch of the China-CELAC Forum. China stands ready to join hands with Brazil and other Latin American countries to take China-Latin American cooperation to new heights, Lin said. 

Emerging Global South

Chinese analysts said that President Xi’s Latin America trip highlighted China’s commitment to promoting development and cooperation among Global South countries as the country is positioning itself as a key player in promoting global peace, security, and development. 

In a written speech addressing the APEC CEO Summit 2024, Xi said that the principles of “plan together, build together and benefit together” should be followed, the representation and voice of the Global South should be enhanced continuously, and all countries should be ensured of equal rights, equal opportunities and equal rules in conducting international economic cooperation.

While addressing Session I of the 19th G20 Summit on Fight Against Hunger and Poverty, Xi said “there should be more bridges of cooperation, and less ‘small yard, high fences,’ so that more and more developing countries will be better off and achieve modernization.”

To build such a world, Xi calls for an “open, inclusive and non-discriminatory environment for international economic cooperation,” a “universally beneficial and inclusive economic globalization,” and support for developing countries in better integrating into digital, smart, and green development to bridge the North-South gap.

Xi also said that China will always be a member of the Global South, a reliable long-term partner of fellow developing countries, and a doer and go-getter working for the cause of global development.

Xi’s trip to Latin America not only serves as a new chapter for China’s relationship with the continent, but also highlighted China’s commitment to promoting development and cooperation among Global South countries, Yang Xiyu, a senior research fellow at the China Institute of International Studies, told the Global Times.

He noted that Global South countries are not only focusing on economic cooperation but are also playing an increasingly important role in international political and security matters. 

China has emphasized cooperation among the Global South in various multilateral platforms such as APEC and G20, effectively working to strengthen and elevate the collaboration in the international community. This aligns with the current trend of the Global South’s emergence, actively promoting deeper cooperation and enhancing influence within this group.

Within the Global South, the China-Latin America partnership represents a model of autonomous and reciprocal development. This partnership encourages other Global South countries to pursue mutually beneficial horizontal relationships, supporting a new multipolar order, Ronnie Lins, Brazilian economist and director of the China-Brazil Center for Research and Business, told the Global Times. 

By strengthening economic, cultural, and technological ties, China and Latin America have the potential to form a more cohesive bloc, promoting cooperation on global challenges such as inequality, sustainability, and innovation. This integration among emerging countries paves new pathways for development, amplifying the Global South’s voice and potentially redefining the global economic and political balance, said Lins. 

Head-of-state diplomacy 

President Xi kicked off his first state visits this year to France, Serbia and Hungary in May. 

Chinese Foreign Minister Wang Yi said at a press briefing that Xi’s Europe trip is a journey of carrying forward friendship, enhancing mutual trust, boosting confidence and charting the course for the future.

In July, Xi attended the 24th Meeting of the Council of Heads of State of the SCO in Astana, and made state visits to Kazakhstan and Tajikistan.

In October, Xi arrived in Kazan to attend the 16th BRICS Summit at the invitation of Russian President Vladimir Putin.

Noting that this year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia, Xi told Putin that China-Russia relations have forged ahead despite wind and rain in the last 75 years and found the right way for two big, neighboring countries to get along with each other, characterized by non-alliance, non-confrontation, and not targeting any third party.

When meeting with US President Joe Biden on the sidelines of the 31st APEC Economic Leaders’ Meeting in Lima, Peru on November 16, Xi said that over the past four years, China-US relations have gone through ups and downs, but the two sides have also been engaged in dialogue and cooperation, adding that the relationship has remained stable on the whole.

Apart from promoting Global South cooperation, China’s diplomacy is also making efforts to stabilize relations with major powers such as the US, Russia, and Europe, said Yang. 

Yang said that the interactions among these major powers, especially with the US, Europe and Russia, not only affect bilateral relations but are also related to the overall stability of the international situation. The endeavor to stabilize relations among major powers reflects China’s ongoing commitment to promoting world peace and development.

Another characteristic is marked by China’s neighboring diplomacy, said Yang. 

China places great importance on its neighboring diplomacy, consistently prioritizing its neighbors within the overall framework of its foreign policy. President Xi previously put forward the principle of amity, sincerity, mutual benefit and inclusiveness to guide China’s neighborhood diplomacy, and also proposed an open and interconnected paradigm for Asia-Pacific cooperation. 

These principles have become the fundamental guidelines and direction for the development of China’s relations with neighboring countries, aiming to create a peaceful and stable diplomatic environment in the region, which benefits both China and those countries, said Xu Bu, president of Institute of International Development and Security Studies, Jiangsu University. 

Under the guidance of head-of-state diplomacy, China is maintaining stable relations with major countries, working hand in hand with neighboring countries, and collaborating with Global South countries for revitalization, said Xu, noting that in doing so, China is charting a course for world peace, security, and development, writing a new chapter in its diplomacy with Chinese characteristics.

 

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SOURCE Global Times

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Sungrow Strengthens Australian Market Presence with 1.7GWh of C&I Energy Storage Partnerships with Raystech and Solar Juice

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November 22, 2024

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SYDNEY, Nov. 22, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, has announced the signing of major distribution agreements with Raystech Group and Solar Juice Group. Under these agreements, Raystech Group (1GWh) and Solar Juice Group (700MWh) will distribute a combined total of 1.7 GWh of Sungrow’s C&I energy storage systems over the next three years. These agreements mark a significant step in Sungrow’s commitment to supporting Australia’s clean energy transition through key partnerships in the commercial and industrial (C&I) sector.

Sungrow hosted two significant signing ceremonies on November 18th and 19th, attended by Mr. Renxian Cao, Chairman of Sungrow, Mr. Mark Miao, CEO of Raystech Group, Mr. Rami Fedda, Co-Founder and Supply Director of Solar Juice Group, and Joe Zhou, Country Director of Sungrow Australia, alongside key industry leaders and stakeholders.

Raystech Group will leverage its technical expertise and robust logistics capabilities to ensure flexible and timely deployment of Sungrow’s energy storage systems. The agreement will also support Raystech’s plans to enhance C&I project capabilities. At the signing ceremony, Mark Miao, CEO of Raystech Group, stated: “Raystech has strengthened its partnership with Sungrow, not only on residential inverters and batteries but now expanded to commercial projects. Following a C&I market discussion with Professor Renxian, Raystech is committed to advancing innovation in the sector. With a strong nationwide network and commanding market share, the partnership aims to deliver cutting-edge battery solutions for the commercial market, driving sustainable growth across Australia and New Zealand.”

Solar Juice Group will continue to focus on customized solutions for small and medium-sized C&I clients, backed by its strong network and customer satisfaction commitment. Rami Fedda, Co-Founder and Supply Director of Solar Juice said: “Sungrow has been a key supplier over the past three years for both residential inverters and batteries. Solar Juice has always held a significant market share in distributing commercial inverters for Australia’s C&I Rooftop market, with the majority in recent times being Sungrow products. It made perfect sense for Solar Juice to also offer Sungrow’s commercial battery storage solutions. This will further strengthen our relationship and drive more volume.”

Renxian Cao, Chairman of Sungrow, stated at the event, “The C&I storage market in Australia is set for significant growth in the upcoming future, driven by the country’s strong commitment to renewable energy and a sustainable future. Sungrow is dedicated to supporting Australia’s energy transition in partnership with Raystech and Solar Juice. Our tailored solutions are designed to meet the specific needs of the Australian market, and we will keep providing technical expertise, local support, and exceptional service to accelerate Australia’s shift to renewable energy.”

These three-year agreements, totaling 1.7 GWh, mark a major milestone in the growth of Australia’s C&I energy storage market. With 27 years of experience from Sungrow and the market expertise of Raystech and Solar Juice, this partnership is poised to drive significant progress in Australia’s renewable energy sector. As Australia works towards its climate goals and a greener future, the demand for reliable energy storage solutions will continue to rise, positioning this partnership as a vital driver for a sustainable energy landscape.

About Raystech

Raystech is an international brand in leading renewable energy wholesale distribution with a footprint all across Australia and New Zealand. In Australia and New Zealand, self-operated sales offices and widest warehouses across Australia and distribution centers in major cities provide a comprehensive solar solution to their clients. Raystech shares synergy with their clients and suppliers aimed to become an industry-preferred renewable energy wholesale distributor in a customer-centric business model.

About Solar Juice

Solar Juice established 2009, is an Australian company that is a wholesale distributor of Quality Complete Solar Systems – Solar PV Panels, Solar Inverters, Battery Storage, Mounting systems and Balance of Systems. We supply a national network of customers that are located in every state and territory of Australia.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com.

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SOURCE Sungrow

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Celebrating Milestones: TMA Solutions Marks 27 Years of Excellence with Expanded Global Reach

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November 22, 2024

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HO CHI MINH CITY, Vietnam, Nov. 21, 2024 /PRNewswire/ — TMA Solutions recently celebrated its 27th anniversary, a testament to its role as a pioneering force in Vietnam’s software industry. With a workforce of nearly 4,000 engineers and a diverse client base spanning 30 countries, TMA reflects on its journey while setting ambitious goals for the future. The company has grown from a local software outsourcing firm into a trusted global partner, providing cutting-edge solutions in AI, IoT, and Fintech.

Criteria for choosing an innovative and reliable software partner

Proven track records

When selecting an innovative software partner, one of the first aspects to consider is their proven track record. This includes evaluating the company’s profile and reputation within the industry, which can provide insights into their reliability and credibility. The number of years the company has been in the software industry is another critical indicator of their experience and long-term stability. Additionally, reviewing relevant case studies can give you a clear understanding of the partner’s ability to deliver successful projects that align with your business goals.

Engineering talents

The strength of a software partner’s engineering talents is a key factor in their ability to deliver on your project’s demands. Assessing the number of engineers in their team provides a sense of their capacity to handle complex and large-scale projects. Beyond quantity, it’s essential to evaluate the skills and expertise of their engineers. A diverse team with specialized knowledge in various technologies ensures that the partner can provide innovative and technically sound solutions tailored to your needs. Additionally, their ability to ramp up resources quickly when required is crucial for keeping the project on track and responsive to evolving requirements.

Pricing

Pricing is a critical consideration when choosing a software partner. It’s important to understand the different pricing models they offer, such as fixed-price, time-and-materials, or dedicated teams, and how these models align with your budget and project requirements. Moreover, considering the overall costs, including any hidden fees, will help you make a more informed decision.

Technical expertise

The technical expertise of a software partner is paramount to the success of your project. Evaluating their domain knowledge helps ensure that the partner understands the specific challenges and requirements of your industry. Additionally, assessing their proficiency in the relevant technology stack is vital. A partner who is well-versed in modern technologies and tools will be better equipped to deliver innovative and effective solutions that meet your business needs.

R&D and innovation capabilities

A software partner with strong R&D and innovation capabilities is more likely to bring fresh ideas and cutting-edge solutions to your projects. This capability indicates the partner’s commitment to staying ahead of industry trends and continuously improving their offerings. Engaging with a partner who prioritizes innovation can provide your business with a competitive edge in the market.

Available solutions

It’s important to assess the range of solutions that a software partner offers. A partner with a diverse portfolio, including custom software development, system integration, and product engineering, can provide comprehensive services that meet your various business needs. Having access to a wide array of solutions ensures that the partner can adapt to your evolving requirements and support your business growth.

Quality processes

Quality assurance processes are critical to ensuring the reliability and performance of the software delivered by your partner. Evaluating their approach to software testing, bug tracking, and continuous improvement will give you confidence in their ability to maintain high standards throughout the development process. A partner with robust quality processes will consistently deliver high-performing software that meets or exceeds your expectations.

Security practices

Security is a fundamental aspect of any software partnership, particularly when dealing with sensitive data and critical business operations. Assessing the partner’s security practices, including physical security measures to protect their development environment, network security protocols to prevent unauthorized access, and data security practices such as encryption and compliance with regulations like GDPR or HIPAA, is essential. A partner with strong security practices will help safeguard your business against potential threats and ensure the integrity of your software solutions.

Why TMA is your innovative and reliable software partner

TMA Solutions is one of the top leading software outsourcing companies in Vietnam, trusted by global companies. With more than 27 years of experience and nearly 4,000 engineers, TMA provides industry-specific solutions across automotive, telecom, healthcare, finance, and more. Our 10 specialized R&D centers, covering fields like AI, IoT, Fintech, and 5G, allow us to deliver advanced, quality-driven services that meet complex business needs. With international certifications and a commitment to continuous improvement, TMA Solutions provides reliable, high-quality support to help businesses meet their technology goals and drive sustainable growth.

Intensive R&D capabilities

With a remarkable 27 years of experience in software development, our company has intensive capabilities across a wide range of industries and technologies. We can support end-to-end services from product and project planning, technology roadmap to technical solution, architectural design, business analysis, UX/UI design, development and testing, porting and migration, etc. We have invested heavily in many technologies and R&D centers, each focused on key areas of modern technology, including Telecom Software, Data Solution, AI, IoT, Automotive Software Fintech, Healthtech, Hardware, Robotics Software, 5G, etc. These centers ensure we can maintain strong technical capability in order to deliver cutting-edge solutions to clients worldwide.

Innovation as a Service

After many years working with leading companies, TMA Solutions can offer Innovation as a Service, from technical feasibility study, prototype and proof-of-concept development, R&D, technical solution, digital and AI transformation roadmap that helps businesses transforming innovative ideas into reality and stay ahead in today’s rapidly evolving technology landscape. Whether you’re exploring new solutions, developing prototypes, or crafting a comprehensive technology roadmap, our experienced team ensures that your ideas are tested, refined, and implemented efficiently. With TMA, you gain a reliable partner dedicated to accelerating your innovation strategy and achieving your business goals.

4,000 engineers and a strong brand name to attract talent

Our team of 4,000 highly skilled engineers is our greatest asset. As a pioneer in Vietnam software industry, we have established a strong brand name helping us attracting talents from top universities in Vietnam and overseas. This large and diverse team allows us to take on complex projects, scale our services to meet client demands, and deliver innovative solutions across various technology stacks. Our commitment to attracting and retaining the best talent ensures that we remain at the forefront of the software development industry.

Clients from 30 countries

We have a diverse client base that spans 30 countries including USA, Canada, Europe, Australia, New Zealand, Japan, Korea, Singapore, Hong Kong, etc. This international experience has equipped us with the ability to understand and navigate different markets, cultures, and business environments. Our global reach allows us to offer tailored solutions that meet the unique needs of clients in various regions, ensuring that we can provide the best possible service no matter where our clients are located.

Experience in large and complex projects

We have a proven track record of successfully managing and delivering large-scale projects that requires hundreds of engineers and strong technical expertise. Our experience in handling complex, multi-faceted projects has equipped us with the skills and processes needed to ensure that every aspect of a project is executed flawlessly. Whether it’s a large enterprise system, a nationwide rollout, or a high-stakes development project, we have the experience and expertise to deliver results that meet and exceed expectations.

A wide range of technologies

Our 4,000 engineers can support a wide range of technologies, allowing us to provide cutting-edge solutions to our clients, from legacy systems to latest technologies. This broad technical expertise ensures that we can select the best tools and platforms for each project, providing solutions that are not only effective but also future-proof.

Available Solutions

TMA Solutions offers a wide range of innovative software solutions for various industries. Leveraging latest technologies such as AI/ML, RPA, IoT, 5G, blockchain, TMA Solutions has built hundreds of solutions for healthcare, finance, telecom, automotive, logistics, retail, manufacturing, etc.

These pre-built solutions are designed to integrate seamlessly into existing systems, significantly reducing development time and enabling businesses to achieve rapid market entry. By offering these customizable, industry-specific solutions, TMA ensures that companies can quickly adapt to changing demands, optimize their operations, and maintain a competitive edge in a constantly dynamic environment. 

Strong quality foundation

We have established quality foundation, supported by industry best practices, rigorous testing processes, and a commitment to continuous improvement. Aligned with industry practices and standards (CMMi, Agile, ISO 9001, TL9000, ISO 27001), we can meet stringent requirements from leading companies and maintain the growth rate in the last 27 years.

Choosing TMA as your software partner means gaining access to a wealth of experience, expertise, and innovation that will drive your business forward.

Website: www.tmasolutions.com
Business enquiry: sales@tmasolutions.com 
United States & Canada: +1 844 224 4188 / +1 802 735 1392 (Mr. Minh Nguyen)
Europe: +33 7 44 77 49 24 (Mr. Jordan Baumgartner)
Vietnam: +84 28 3995 1060 (Ms. Phuong Tran) / +84 28 3990 2680 (Mr. Andy Pham)
Singapore: +84 946 177 624 (Mr. Cuong Bui)
Australia: +61 411 276 342 (Mr. Huy Ly)
Japan: +81 50 5490 9867 (Mr. Yasuhisa Yoneda)

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SOURCE TMA Solutions

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DIRECTV Announces Termination of Agreement to Acquire EchoStar’s Video Distribution Business

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November 22, 2024

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Termination Follows Rejection by DISH DBS Noteholders of EchoStar Debt Exchange Offer Terms

DIRECTV to Continue Executing Strategy to Deliver Future of Pay TV to Consumers

EL SEGUNDO, Calif., Nov. 21, 2024 /PRNewswire/ — DIRECTV (the “Company”) today announced that it has notified EchoStar of its election to terminate, effective as of 11:59 p.m., ET on Friday, November 22nd, 2024, the Equity Purchase Agreement (EPA) pursuant to which it had agreed to acquire EchoStar’s video distribution business, DISH DBS (“DISH”). The termination of the Agreement follows DISH DBS noteholders’ failure to agree to the proposed Exchange Debt Offer Terms issued by EchoStar, which was a condition of DIRECTV’s obligations to acquire DISH under the EPA.    

“While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed Exchange Terms were necessary to protect DIRECTV’s balance sheet and our operational flexibility,” said Bill Morrow, CEO of DIRECTV. “DIRECTV will advance our mission to aggregate, curate, and distribute content tailored to customers’ interests by pursuing innovative products and providing customers with additional choice, flexibility, and control. We are well positioned for the future with a strong balance sheet and support from our long-term partner TPG.”

DIRECTV will continue to invest in next-generation streaming platforms and revolutionize the industry through new packaging options while integrating content from live TV alongside direct-to-consumer services.

The termination of the DISH acquisition does not affect TPG’s acquisition of the remaining 70% stake in DIRECTV from AT&T, which is expected to close in the second half of 2025.

About DIRECTV

As a leader in sports and entertainment for 30 years, DIRECTV provides industry-leading content and an amazing user experience with or without a satellite. By reimagining what is possible, DIRECTV’s mission is to aggregate, curate and deliver exceptional, innovative service tailored to customers’ interests. In 2023, DIRECTV elevated the customer experience by delivering Gemini, which can integrate customers’ content from their third-party streaming services onto a single one-stop, digital experience. At DIRECTV, the sports season never ends, and customers are treated to broadcasts of several major sports, including the NFL, MLB, NBA, NHL, and multiple domestic and international soccer leagues. DIRECTV provides customers the choice of watching sports, movies, and TV shows on their TVs at home or their favorite mobile devices via the DIRECTV app.

Contacts

Investor Contact:
investors@directv.com

Media Contact:
media@directv.com

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SOURCE DIRECTV

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