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Trend of stable economic performance remains unchanged in China

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By Lu Yanan, People’s Daily

“The pandemic made a big impact on economic operations in April, but the impact was short-lived and external. The fundamentals sustaining the steady and long-term growth of the Chinese economy remain unchanged. The overall trends of economic transformation and upgrading and high-quality development remain unchanged,” Fu Linghui, spokesperson of China’s National Bureau of Statistics (NBS), said at a press conference held on May 16.

The country has many favorable conditions for stabilizing the economy and achieving the expected development goals, according to Fu.

“With various policies and measures helping effectively coordinate anti-epidemic responses and social and economic development, the Chinese economy can overcome the impact of the pandemic, gradually achieve stable growth and pick up pace, and maintain stable and sound development”, Fu said.

Due to the resurgence of COVID-19 cases at home, China’s value-added industrial output dropped by 2.9 percent year on year in April, while the country’s index of services production declined by 6.1 percent and the total retail sales of social consumer goods fell 11.1 percent from the same period last year, according to data released by the NBS on the same day.

April witnessed frequent resurgence of local COVID-19 cases in many provinces across the country. As residents shopped in offline stores and ate out less, sales of non-essential goods and the catering sector were significantly affected. In particular, businesses above designated size in the seriously hit Yangtze River Delta region and the northeastern region of the country suffered a year-on-year reduction of more than 30 percent in their retail sales of consumer goods.

“Overall, the decline in consumption in April was mainly due to the temporary impact of the pandemic. The pent-up consumption potential will be gradually unleashed when the pandemic is brought under control and production and life return to normal,” Fu said.

Since mid-to-late April, domestically transmitted COVID-19 infections have been on the decline and the epidemic situation in northeast China’s Jilin province and east China’s Shanghai, two of the worst-hit regions in the latest COVID-19 outbreaks, is gradually improving, which is helpful in creating a favorable environment for consumption, according to Fu.

The country’s efforts to maintain stable macroeconomic performance and strengthen assistance for enterprises to stabilize employment and create more jobs will ensure people’s spending power, Fu said, adding that as policies to promote consumption take effect, the country is expected to continue its consumption recovery.

China’s industrial production was seriously affected by COVID-19 resurgence in April. Impeded transportation and logistics, among other factors, have led to a decline in industrial output, with the value-added industrial output falling by 2.9 percent year on year in the month and that of the manufacturing sector dropping by 4.6 percent.

The poor performance of the manufacturing sector was mainly the result of the impact of the pandemic on equipment manufacturing sector, including automobile industry, according to Fu, who disclosed that the added value of automobile manufacturing fell by 31.8 percent year on year in April.

Regionally, the Yangtze River Delta region and the northeastern region of the country saw their value-added industrial output drop by 14.1 percent and 16.9 percent, respectively, on a year-on-year basis, which was mainly caused by the suspension of production and work in some enterprises affected by the pandemic.

Although China’s overall industrial production slowed down in April, some industries, including energy, basic consumer goods and high-tech manufacturing, still maintained growth and showed strong resilience.

In April, the value added of the high-tech manufacturing sector rose 4 percent year on year. Electronics and communication equipment manufacturing industry, in particular, registered a 9.7-percent growth in added value.

“The trend of industrial upgrading remains unchanged, which mirrors that the trend of sound growth of China’s economy in the long term remains unchanged,” Fu pointed out.

Industrial production is under pressure, which mainly comes from insufficient market demand, weak connection between production and marketing, impeded industrial and supply chains, hindered production cycle, rising production costs as well as declined profitability, Fu noted, stressing that despite these difficulties, the country’s complete industrial system and sound supporting capacity remain unchanged.

With the pandemic being gradually brought under control, traffic and logistics will be smoothened and production cycle will be improved, Fu said. More importantly, the continuous implementation of policies on tax and fee reductions and assistance for enterprises will help shore up business confidence and improve business operations, eventually facilitating continuous recovery of industrial production, Fu added.

Since mid-to-late April, China’s epidemic situation has been generally improving. Some hard-hit regions in the country have been advancing the resumption of production and work in an orderly manner.

So far, nearly 50 percent of the over 9,000 industrial enterprises above designated size in Shanghai have resumed work.

Freight transport services, which were badly affected by the COVID-19 resurgence earlier this year, continued to recover in May, while indicators like electricity generation output also improved.

“Since the beginning of this year, macro-control policies have played a greater role. A new package of tax-and-fee policies have been effectively implemented with liquidity maintaining at a reasonable and ample level. Macro policies have provided greater support for industries facing challenges and key fields and will continue to yield fruits,” said Fu.

On the whole, the impact of the COVID-19 resurgence will not change the trend of stable economic performance in China or the Chinese economy’s strong resilience, huge potential, and broad space for growth, Fu said.

The implementation of various policies will help the national economy recover at a faster pace and realize stable operation and growth, he said.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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