Foreign
AIIB sets new model for international multilateral cooperation

By He Yin, People’s Daily
The 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors was held in Beijing from June 24 to 26. Over the past decade, the AIIB has navigated mounting global development challenges with a steadfast commitment to enhancing infrastructure connectivity, advancing open cooperation, and upholding multilateralism. Its development offers a distinct paradigm for international financial cooperation and sustainable development, both within the region and globally.
Building on the momentum of this meeting, the AIIB has articulated its strategic priorities for the next phase of development. It will work to consolidate consensus among its members, injecting new vitality into global development, and fostering greater openness and collaboration in a world fraught with uncertainty and changes.
When the AIIB was launched, Chinese President Xi Jinping proposed making it a new type of professional, efficient, and clean multilateral development bank. Throughout its first decade, the AIIB has maintained international, rule-based, and high-standard operations, and embarked on a trajectory with a high starting point, high-quality development, and high-level cooperation, setting a new standard in global financial governance.
Founded in 2015, AIIB has grown from 57 founding members to 110 across six continents, covering 81 percent of the world’s population and 65 percent of global GDP. It has approved over $60 billion in financing for 320 projects, leveraging more than $200 billion in infrastructure investment, benefiting 38 member economies within and beyond Asia.
On the capital markets side, it had issued over $54 billion equivalent bonds in multiple currencies as of the end of May, and has consistently maintained triple-A credit ratings from Moody’s, S&P, and Fitch. Moody’s, for instance, credited the bank’s top rating to its strong financial footing, well-performing assets, and ample liquidity.
These impressive achievements stem from the bank’s unwavering commitment to multilateralism, adherence to international rules, and dedication to high operational standards. Robert Zoellick, former president of the World Bank, once noted that the AIIB has set a good example in the world in terms of governance, transparency, international standards, and cooperation.
According to the AIIB’s latest partnership report, over 131 of its more than 300 projects have been co-financed with other multilateral development banks, highlighting its open and collaborative approach and its growing role in promoting multilateral cooperation.
The AIIB has renewed memoranda of understanding with major institutions such as the World Bank, Asian Development Bank, and Islamic Development Bank. Actively engaged in G20 mechanisms, it contributs substantive perspectives to global financial governance. Its engagement with regional organizations, including participation in ASEAN summits, also reinforces its commitment to fostering regional connectivity networks.
Amid persistent global infrastructure gaps, the AIIB’s commitment to the principle of “extensive consultation and joint contribution for shared benefit” is increasingly relevant in mobilizing development resources and minimizing duplicative investments.
Despite global economic headwinds and shifting dynamics in international trade, the AIIB remains project-driven and development-oriented, responding to the urgent needs of its members, especially developing countries.
In Egypt, the Abu Qir Metro Line in Alexandria eases congestion and curbs emissions, benefiting tens of thousands of commuters. In Uzbekistan, the Bukhara Region Water Supply and Sanitation Phase II project strengthens the local water supply system and enhances public health. In the Maldives, solar power and battery storage projects drive a green energy transformation. These tangible results have translated multilateral development cooperation into concrete local benefits.
As a founding member, major shareholder, headquarters host country, and development partner of the AIIB, China has consistently supported the bank’s growth. It has worked with the bank to implement a number of high-quality projects and shared development experience with fellow members, and contributed to the AIIB’s Project Preparation Special Fund and Concessional Financing Fund to support low-income members.
Looking forward, China calls for the AIIB to strengthen its capacity-building efforts, broadening international dialogue and cooperation, and better fulfilling its mission as a new type of multilateral platform. At a critical juncture in global development cooperation, the AIIB is well-positioned to make greater contributions. China is ready to work with all partners to support the bank’s continued progress and contribute even more to infrastructure connectivity, sustainable development, and the building of a community with a shared future for mankind.
Foreign
Understanding the history of World War II to build a peaceful future
By Zhu Chengshan
“Dead To Rights,” a film about the Nanjing Massacre during World War II, recently premiered in China to significant acclaim, sparking a surge of interest in domestically-produced war films this summer.
Historical truth transcends time, possessing both revelatory power and enduring impact. The film portrays 15-year-old Luo Jin, an apprentice at Nanjing’s Huadong Photo Studio, who uncovered harrowing evidence while developing photographs for Japanese officers during the city’s occupation. The images captured scenes of mass killings, rape, and other atrocities committed against Chinese civilians by Japanese aggressors.
At great personal risk, Luo secretly duplicated dozens of the images and compiled them into an album. These materials were later safeguarded by Wu Xuan, a patriotic student, ultimately serving as pivotal evidence at the trial of Hisao Tani, the principal perpetrator of the Nanjing Massacre.
The true history cannot be erased. No matter how relentlessly Japanese right-wing forces or historical revisionists attempt to rewrite the past, their efforts are ultimately futile.
Does that painful chapter of history still carry meaning in our time? The answer is unquestionably yes. Patriotic education remains a lasting theme.
Chinese President Xi Jinping pointed out that the responsibility for war crimes lies with a few militarists, but not the people. However, people cannot at any time forget the severe crimes committed by aggressors. The Nanjing Massacre, committed by Japanese aggressors, was an atrocious anti-human crime and a dark page in the history of humanity.
This blood-soaked memory serves as a solemn reminder: when a nation is poor and weak, its people become vulnerable to the gravest violations of fundamental rights. We must never forget these historical lessons nor allow such tragedies to recur.
History serves both as the best textbook and dose of sobriety. The Nanjing Massacre remains one of the darkest and most harrowing chapters in the Chinese People’s War of Resistance Against Japanese Aggression. This is a historical truth universally acknowledged by the international community.
Throughout the war, more than 35 million Chinese soldiers and civilians were killed or wounded. China suffered direct economic losses of over $100 billion and indirect losses exceeding $500 billion, calculated in terms of 1937 levels.
As China commemorates the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, we recognize this conflict as modern China’s longest and largest struggle against foreign aggression..Despite paying the heaviest national price, it culminated in the Chinese people’s first complete victory in their fight for liberation – a triumph that belonged not only to China but to all peace-loving people worldwide.
A truthful understanding of World War II history is fundamental to building lasting peace for the present and the future. China’s prolonged resistance tied down vast numbers of Japanese troops, shattering the scheme of Japan joining forces with fascist Germany and Italy to launch a two-front assault and dominate the world.
As the main Eastern battlefield of the anti-fascist war, China’s war of resistance made a critical contribution to its worldwide victory and the cause of justice and freedom for humanity. Franklin D. Roosevelt, then U.S. President, once commented that without China, or if China had been defeated, many more Japanese divisions would have been deployed to other areas.
Today’s world is undergoing profound changes unseen in a century, and these changes are accelerating. Hegemonism, power politics and Cold War mentalities alongside growing economic coercion is on the rise. In the face of these challenges, the Chinese people feel more deeply than ever the importance of patriotism, unity, and self-strengthening.
This makes it all the more vital to confidently share the great significance of the victory in the Chinese People’s War of Resistance Against Japanese Aggression, and to highlight the decisive role of the main Eastern battlefield in the global fight against fascism.
To promote enduring peace and stability across the world, we must engage with history in a spirit of sincerity and humility – drawing wisdom from its experiences, and learning from its lessons, so that the true history can guide the way forward for all humanity.
(Zhu Chengshan is a Professor at Changzhou University, former vice president of the Chinese Society for the History of the War of Resistance Against Japanese Aggression, and former curator of the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders)
Foreign
Chinese products bring coolness to European consumers

By Li Gang, People’s Daily
With heat waves sweeping across Europe this summer, demand for Chinese-made air conditioners (AC) is rising, signaling a shift in the region which is long accustomed to getting through the season without cooling systems.
Customs data reveals China’s air conditioner exports to EU countries reached $3.76 billion during the first half of 2025, representing a 43.2% year-on-year increase and setting a new record for the period. This growth continues the robust export momentum established in 2024.
Air conditioning is not as widely used in Europe as in many other parts of the world, due to high rental rates, deeply rooted awareness of environmental protection, and the high cost of installation and operation. Drilling into walls is often banned in historic buildings, and landlords generally won’t approve outdoor AC units. Installation must be carried out by certified professionals, often costing several hundred euros, with regular maintenance required.
To cope with the situation, Chinese air conditioner brand Midea has rolled out a portable split-type air conditioner for the European market. Portable, quiet, and comfortable, the product meets the needs of local consumers and is popular in Germany, France, Italy, the Netherlands, and beyond.
“This model has indoor and outdoor units, but unlike traditional split-type AC units, it’s easy to install and can be moved around. Its cooling performance is excellent,” said Zhu Zhou, sales director of Midea Residential Air Conditioners in Europe.
In Northern Europe, buying and installing an AC can cost around 3,000 euros. It’s a bit cheaper in Western and Southern Europe. The portable split-type AC is priced at 1,199 euros, users can save a lot by installing it themselves, Zhu said.
The spike in demand has ramped up production. At Midea’s smart factory in Nansha district of Guangzhou, south China’s Guangdong province, assembly of the portable split-type AC units is running in an orderly manner.
“We’ve shipped over 80,000 units so far, with another 20,000 scheduled for production,” said Sun Qi, head of production planning at the factory.
Midea has established dedicated production lines to ensure quality and output. The AC products are shipped to Europe via sea and the China-Europe freight trains. The sea freight route begins at Nansha Port in Guangzhou, passes through the Strait of Malacca, rounds South Africa, and arrives at the Port of Rotterdam, the Netherlands.
The rail freight route begins in Guangzhou, exits China via Horgos Port, and travels through Kazakhstan, Russia, Belarus, Poland and other countries before arriving in Germany. In the first half of the year, Midea’s AC sales in Europe rose 35 percent.
Multiple Chinese brands are gaining traction. The portable AC products of TCL DeLonghi, a joint venture between home appliances groups TCL and DeLonghi, are also selling well in Europe.
“Our sales are up 25 percent this year in the European market,” said Du Quanbin, head of market management at the overseas marketing center of TCL DeLonghi Home Appliances (Zhongshan) Co., Ltd., located in Nantou town of Zhongshan, Guangdong.
Production lines at the company’s production workshop are running at full capacity. According to Du, orders for Europe have already been shipped, and the products being made will be sent to countries such as Australia, New Zealand, South Africa, and Argentina, stocking up in advance for summer in the Southern Hemisphere.
Beyond air conditioners, Chinese-made cooling products are becoming common in German homes. German consumers report these offerings combine affordability with innovative features.
Stephen, a Berlin plumber who frequently works in uncooled environments, recently purchased a Chinese-made cooling uniform from a department store. The garment features breathable, heat-resistant fabric with UV protection and specialized cooling technology that maintains body temperatures up to 15°C below ambient conditions – a practical solution for extreme heat.
Shenzhen-based appliance supplier Weikenxiong observed a March surge in European orders for compact electric fans, now selling approximately 200,000 units monthly at over 100 euros each.
“This product was once a hit across Southeast Asia,” said Yu Yuewu, head of Yuecheng Plastic Products Factory in Longdu town, Chenghai district, Shantou of Guangdong. Holding one of the fans, Yu explained that it features an energy-efficient motor for powerful airflow, semiconductor cooling, and a built-in power bank, providing a steady stream of cool air.
The European market places strict demands on energy efficiency and environmental sustainability. “To maintain long-term market growth, the industry chain must push technological boundaries by adhering to high standards,” Yu added, expressing optimism about future prospects.
Foreign
Trump Condemns Killings of Christians in Nigeria, Promises Strong Response

By: Fabian Apechihin
The United States has issued a strong condemnation of recent massacres targeting Christians in Nigeria and across sub-Saharan Africa, describing the violence as “horrific” and pledging coordinated action with international partners.
The statement follows a series of deadly incidents, including the slaughter of 27 Christians in Bindi Ta-hoss, Nigeria, by suspected Islamist Fulani militants. Witnesses said many victims—women and children among them—were burned alive while sheltering in a church.
“I lost my wife and second daughter in the attack,” survivor Solomon Sunday told reporters. “They were burned alive.”
Just days earlier, on July 27, 49 Christians were hacked to death with machetes during prayers in the Eastern Democratic Republic of Congo. Authorities blamed the ISIS-linked Allied Democratic Forces. Across the region, groups such as Boko Haram and ISIS West Africa are accused of killing, displacing, and seizing land from Christian communities.
“The Trump administration condemns in the strongest terms this horrific violence against Christians,” the White House said, stressing that defending religious freedom is both a moral obligation and a U.S. foreign policy priority.
Human rights organisations have labelled the attacks a campaign of “ethno-religious cleansing.” John Eibner, president of Christian Solidarity International, noted that over 165 Christians have been killed in Nigeria’s Plateau State alone in the past four months. “People are being killed like chickens, and nothing is being done,” added local youth leader D’Young Mangut.
According to Open Doors, more Christians are killed for their faith in Nigeria than in the rest of the world combined. Over the past decade, jihadist violence in sub-Saharan Africa has claimed about 150,000 lives and displaced more than 16 million Christians. In Plateau State, more than 64 communities have reportedly been seized by armed Fulani militants.
Religious leaders warn the violence is systematic. Bishop Wilfred Anagbe, who lost 20 parishioners in a recent attack, accused militants of seeking to transform parts of Nigeria into an Islamic State. Families of victims say they are “tired of condolences” and demand tangible protection.
Henrietta Blyth, CEO of Open Doors UK and Ireland, called for urgent global attention: “For too long, nobody has been talking about the horrific wholesale slaughter of Christians. The Western world needs to wake up and be outraged.”
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