Foreign
China continues strengthening position as leading source of outbound investment
China’s total outbound direct investment (ODI) increased 7 percent year-on-year to 1.03 trillion yuan ($145 billion) in the first 10 months of 2025, according to the latest data from China’s Ministry of Commerce. During the same period, Chinese companies made non-financial direct investments in 9,553 overseas businesses in 152 countries and regions, with total investment reaching 872.6 billion yuan, up 6 percent year-on-year.
Analysts highlight that the sustained, high-quality growth of China’s outbound investment not only facilitates the optimal allocation of global production factors but also supports economic and social development and improves people’s well-being in relevant countries and regions, broadening the scope for mutually beneficial cooperation.
On November 19, 2025, China’s leading heavy equipment manufacturer SANY commissioned a new industrial park in Johannesburg, South Africa, strengthening its support for the country’s industrialization drive. The 28,000-square-meter industrial park integrates manufacturing and logistics functions as well as a talent training center. Once fully operational, it will have an annual production capacity of around 1,000 excavators.
South African Deputy Minister of Employment and Labor Judith Nemadzinga-Tshabalala said the project will help cultivate a new generation of technicians and engineers in South Africa and reflects the Chinese company’s confidence in South Africa’s economic prospects and its long-term commitment to the region.
According to the 2024 statistical bulletin of outward foreign direct investment, China has ranked among the world’s top three sources of ODI for 13 consecutive years, underscoring its position as a major global investor.
By the end of 2024, Chinese investors had established around 52,000 overseas enterprises across 190 countries and regions, with 70 percent of them reporting profitability or breakeven performance. In 2024, China’s outward FDI spanned 18 industry sectors, with investments in five sectors, namely wholesale and retail, leasing and business services, manufacturing, finance, and mining, each exceeded $10 billion and collectively accounting for over 80 percent of the total. Investment in the construction sector and the information transmission/software and IT services sector recorded substantial growth, rising 80.5 percent and 205.5 percent year on year, respectively.
Shane Sang, Tax Partner at PwC China, observed that Chinese enterprises are shifting from market-seeking to value-driven strategies. Increasingly, they are pursuing technological innovation and moving up the global value chain through diverse cooperation models.
On Sept. 23, 2025, Chinese household appliance manufacturer Haier officially launched its air conditioner production base in Chonburi, Thailand. The project moved from planning to operation in just 10 months, and with an annual capacity of 6 million units, it has become the largest air-conditioner manufacturing facility of a Chinese brand in Southeast Asia.
“Our facility in Thailand integrates advanced technologies and best practices from our operations in China, encompassing product design, intelligent manufacturing, and green practices,” said Dong Jianping, general manager of Haier Electrical Appliances (Thailand) Co., Ltd. As of now, Haier has established 35 industrial parks and 163 manufacturing centers worldwide.
Beyond innovation and manufacturing, many Chinese service enterprises are expanding their global presence alongside clients and partners.
As Chinese automobiles gain wider acceptance in international markets, demand for overseas vehicle sales and after-sales services has grown significantly. Recently, the Philippines branch of Chinese logistics giant SF Express has partnered with Chinese automakers GAC and Geely to provide end-to-end supply chain solutions, including after-sales spare parts distribution.
“The Philippines, with more than 7,000 islands, presents complex logistical challenges. Over the past two years, we have invested tens of millions of yuan to establish a smart delivery network that covers the entire country,” said Zhang Lin, head of supply chain at SF Express Philippines.
Respecting the concerns of all parties and contributing to local development, environmental sustainability, and people’s livelihoods are essential for enterprises engaged in overseas expansion. In this regard, Chinese companies have accumulated valuable experience.
Recently, at the 2025 PMI China Awards, the Halfaya gas processing plant project developed by China Petroleum Engineering and Construction Corporation (CPECC) was recognized with the outstanding ESG (environmental, social, and governance) Project Award.
According to Jiang Feng, deputy general manager of CPECC, Iraq previously lacked sufficient gas processing capacity, resulting in the flaring of most associated gas from oil extraction. Once operational, the Halfaya plant is expected to reduce sulfur dioxide emissions by approximately 30,000 tons and carbon dioxide emissions by 3.53 million tons annually. It will also supply clean energy to around 4 million households, significantly improving environmental outcomes.
“The project has created more than 1,500 construction jobs and 100 long-term positions. We emphasize local procurement and actively engage in public welfare and community outreach initiatives, fostering harmonious and stable relations with local communities,” Jiang said.
Looking ahead, experts suggest that China further improve its outbound investment policies and mechanisms, foster innovation in ODI models, and encourage diversified investment approaches, including overseas processing, economic and trade cooperation zones, as well as trilateral and multilateral cooperation.
Foreign
Takaichi’s Taiwan-related fallacies grave provocation against international law
By Xu Yongzhi
Japanese Prime Minister Sanae Takaichi openly claimed that a “Taiwan contingency” could constitute a “survival-threatening situation” under which Japan may exercise the right of collective self-defense. From a legal perspective, this fallacious argument commits at least three serious offenses.
First, it challenges the international order established after World War II.
In 1943, China, the United States and the United Kingdom held the Cairo Conference and jointly issued the Cairo Declaration afterward. From the standpoint of international law, the document made it unequivocally clear that Japan’s occupation of Taiwan was illegal, affirmed that Taiwan is an inalienable part of Chinese territory, and requested Japan to return all Chinese territories it had stolen, including Taiwan.
In July 1945, China, the United States and the United Kingdom jointly issued the Potsdam Proclamation, which reaffirmed that “the terms of the Cairo Declaration shall be carried out.” In September of the same year, Japan signed the Instrument of Surrender, explicitly pledging to “fulfill the obligations laid out in the Potsdam Proclamation.” On October 25, 1945, the Chinese government proclaimed the restoration of the exercise of sovereignty over Taiwan and held a ceremony to accept Japan’s surrender in the Taiwan province of the China war theater.
A series of documents and historical facts demonstrate that Japan’s return of Taiwan to China was a victorious outcome of the World Anti-Fascist War and an integral part of the post–World War II international order. Takaichi’s fallacies, insinuating the possibility of military intervention in the Taiwan question, constitute a blatant interference in China’s internal affairs and an open challenge to the postwar international order.
Second, it reneges on Japan’s obligations.
During negotiations on the normalization of China-Japan diplomatic relations in 1972, the Japanese government submitted a written document to China explaining the concrete meaning of the statement later incorporated into the Sino-Japan Joint Statement — that “the Government of Japan fully understands and respects this stand of the Government of the People’s Republic of China, and it firmly maintains its stand under Article 8 of the Potsdam Proclamation.”
Based on Japan’s acceptance of the Cairo Declaration and the Potsdam Proclamation, the document stated that Taiwan should be returned to China, which it described as “the consistent view of the Japanese government,” and that Japan “has not envisaged that Taiwan would have any legal status other than as part of the territory of the People’s Republic of China.” This constituted Japan’s commitment to China on the Taiwan question. Subsequently, China and Japan signed the Sino-Japan Joint Statement.
In 1978, the two countries concluded the Sino-Japanese Treaty of Peace and Friendship, which explicitly stipulates that the principles set forth in the Sino-Japan Joint Statement shall be strictly observed. Accordingly, recognizing that “Taiwan belongs to China” and refraining from interference in the Taiwan question are obligations binding on Japan.
The above documents clearly demonstrate Japan’s explicit commitment to treating the Taiwan question as China’s internal affair. While Takaichi’s remarks violate diplomatic commitments and amount to a repudiation of treaty obligations.
Third, it violates fundamental principles of international law.
By linking a so-called “Taiwan contingency” with Japan’s “survival-threatening situation,” Takaichi is attempting to use Japan’s domestic law to confer legitimacy on intervention in the Taiwan question. Her remarks imply the use of force to interfere in China’s internal affairs and undermine China’s territorial integrity. This not only contravenes the Potsdam Proclamation and the guiding principle of the four political documents between China and Japan, but also violates international law, including the Charter of the United Nations. China will never accept such actions, nor will the international community permit them. So far, multiple countries have already spoken out to condemn these remarks.
Those who challenge the international order will inevitably suffer the consequences; those who renege on treaty obligations will forfeit their credibility; and those who violate international law will ultimately face the verdict of justice. The Taiwan question allows no room for Japanese interference, and any act that crosses the line will be met with a resolute response.
(Xu Yongzhi is the director of the Division of Japanese Security Studies of the Institute of Northeast Asian Studies, China Institute of Contemporary International Relations)
Foreign
Changsha breathes new life into old industrial buildings
By Yang Xun, People’s Daily
In the Jinxiu Shiguang block of Guanshaling, located within Changsha’s Xiangjiang New Area in Hunan province, central China, time appears to move at a gentler pace. Coffee shops and trendy restaurants line the streets, drawing crowds of residents and visitors alike.
Just steps away, the bustling 14,400-square-meter Jinshang Fresh Food Market serves approximately 30,000 customers daily, meeting the needs of dozens of surrounding communities.
On a weathered red-brick wall in the block hang photographs comparing its past and present. Years ago, this area echoed with the roar of machinery and the whir of spinning frames — it was once home to a textile factory. Nie Lei, formerly head of the factory’s supply department, has witnessed the site’s entire transformation, from its heyday to decline, and now to renewed vitality.
Built in the 1980s, the factory was once a key base of light industry for the city of Changsha. “In its best years, its gate was crowded every morning with trucks lining up to haul goods,” Nie recalled.
By the 1990s, however, the factory began struggling and ultimately ceased production in 2006. Employees took different paths, some were reassigned, others started their own businesses.
Watching the old plant gradually fall silent, Nie could not help but miss its former bustle. Aging facilities and dilapidated buildings stood in stark contrast to the office towers rising nearby.
After shutdown and restructuring, the site was corporatized as Changsha Boda Asset Management Co., Ltd., which continued to explore new directions of development.
A turning point came in 2020, when China’s 14th Five-Year Plan called for accelerating urban renewal, including the upgrading of old residential areas, factory sites, neighborhoods, and urban villages to revitalize underused urban spaces.
The factory was soon designated a key and pilot project for urban renewal in the city. The southern part of the site was redeveloped into a fresh food market and a food street, incorporated into a program for upgrading major urban facilities. The northern part became the Jinxiu Shiguang block, the city’s first pilot project to reutilize an old industrial plant.
“Hearing this news, I suddenly saw hope that the factory area would come alive again,” Nie said.
The renovation was undertaken by Changsha Boda Asset Management Co., Ltd., where Nie works. “The project is positioned as a new-generation urban market that blends trendsetting consumption with everyday life,” said Shen Zhaohui, an executive of the company. “We have explored new approaches in industrial heritage protection, planning and implementation, architectural renovation and design, as well as asset restructuring and operation.”
The transformation was driven by three key dimensions of renewal: industrial function, visual identity, and spatial experience.
Industrial reinvention merged work, living, education, and leisure into a cohesive ecosystem. This was achieved by integrating new developments with renovated historical structures, strategically introducing higher-density urban functions, such as hotel-style apartments and commercial services, into the low-density spatial framework of the repurposed factory buildings.
Visual revitalization created a harmonious blend of old and new, fostering an attractive, livable, and dynamic environment. The arrival of well-known brands across dining, daily conveniences, and entertainment turned the block into a vibrant contemporary hub.
Spatial re-imagination fused industrial heritage with modern design in the landscape and architecture. By connecting once-fragmented pockets of space, the renewal crafted seamless, artistic, and practical settings for new forms of consumption and social engagement.
With approximately 60,000 square meters of revitalized space and an occupancy rate exceeding 90 percent, the area now operates as a park-like, smart, and green cultural block. It successfully brings together lifestyle scenes, industrial heritage, commercial experiences, and ecological wellness. The annual market turnover has reached nearly 1 billion yuan. Management revenue surged from 3.79 million yuan to over 40 million yuan, while the project also contributes nearly 50 million yuan in annual local tax revenue and provides around 4,000 jobs.
“This place preserves the memories of us veteran factory workers while also becoming a popular destination,” Nie said. “I hope it remains vibrant, and evolve from a trendy hotspot into an enduring landmark.”
Foreign
Lanzhou uses acoustic technology to monitor, protect birdlife
By Yin Yan, People’s Daily
In the early morning, birdsong awakens the forest in Xinglong Mountain National Nature Reserve in northwest China’s Gansu province. Hidden among the dense foliage, acoustic sensors come online simultaneously, accurately identifying and capturing every call.
This serene yet dynamic scene represents a typical day for the wildlife monitoring and conservation research team at Lanzhou University, revealing the remarkable progress of China’s ecological monitoring technologies.
Zhang Lixun, head of the research team and a professorate senior engineer at the university’s College of Ecology, recalled that in the 1990s, researchers had to carry bulky tape recorders up the mountains. “Once the tapes ran out, we had to hike back down,” he said.
From cassette tapes and MP3 players to professional digital recorders, the team has witnessed a transformation in their tools over the years. In 2022, they achieved a significant milestone with the full deployment of a new generation of domestically developed intelligent acoustic sensors, marking the beginning of an era where artificial intelligence enhances wildlife monitoring and conservation efforts.
This technological leap has made broader and deeper observation possible. The team has established 60 monitoring sites across three environmental gradients in and around Lanzhou, capital of Gansu province: from largely undisturbed ecosystems such as Xinglong Mountain and Liancheng nature reserve, to moderately disturbed county-level areas, and finally to downtown Lanzhou dotted with parks and residential communities.
The vast volume of data collected reveals an encouraging trend. “Ten years ago, most birds seen in the city were just passing through,” Zhang explained. “Now, many of them have chosen to settle in Lanzhou.”
The number of recorded bird species in Lanzhou has grown from just over 100 to 339. Common species such as blackbirds and azure-winged magpies appearing more frequently, and even the once-rare Bohemian waxwings have begun overwintering in Gansu’s Yuzhong county. As seed eaters, Bohemian waxwings are drawn by the abundance of Rosaceae plants and Chinese arborvitae in urban green belts, which now serve as well-stocked food sources.
Teaching machines to “understand” birdsong is no simple task. Sound recognition is far more challenging than image recognition. In the early days, members of Zhang’s team had to manually analyze recordings frame by frame — “like editing a film” –to identify bird species.
Today, AI systems conduct initial screening rapidly, though accuracy still requires verification of experienced field researchers who continuously refine the algorithms. The collected acoustic data are uploaded to the University’s dynamic wildlife soundscape monitoring and perception platform.
“The more acoustic footprints of local bird species we have,” Zhang elaborated, “the more accurate the AI species recognition models become after big-data training.” At present, the recognition rate has exceeded 85 percent.
Unlike traditional methods, acoustic monitoring operates around the clock, providing a wealth of data. “While we have accumulated a substantial amount of data,” Zhang acknowledged, “the sample size is still insufficient for comprehensive anaylsis.”
Only with more data, he emphasized, can researchers more precisely assess the long-term impacts of climate change or ecological restoration efforts. Zhang believes acoustic monitoring will offer broader research prospects and a stronger data foundation for future ecological studies.
In a paper published by the team in 2024, acoustic monitoring was extensively used to rapidly assess biodiversity during peak periods of bird activity. The study concluded that secondary forests and primary forests play irreplaceable roles in conserving bird diversity, providing scientific evidence for calls to protect intact primary forests and to optimize ecological restoration strategies in arid regions.
At dusk, egrets glide gracefully over the Yellow River, with bird calls blending with the rustling willows along its banks. These sounds, interwoven with the pulse of the city, are faithfully captured by acoustic sensors and ultimately fed into a database, serving as vital indicators of ecological change. According to Zhang, Lanzhou’s ecological environment has continued to improve in recent years, offering stronger safeguards for bird habitats.
On laboratory screens, real-time maps flicker with points of light, each quietly telling a story of how technology and long-term dedication enable humanity to listen more closely to nature.
Looking ahead, the team remains optimistic. “We will certainly use better and more advanced equipment,” Zhang said. “And we are confident that more birds will choose to make their home in this city along the Yellow River.”
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