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Foreign Ministry: China expected to contribute one third of global growth

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China is widely expected to be the largest engine of the global economic growth by contributing one third of all growth this year, the Chinese Foreign Ministry said on Friday.

Wang Wenbin, spokesperson for the ministry, told a regular press briefing in Beijing that the world’s second largest economy has continued to grow in a steady way, leading other major economies of the world.

“Deeply exploring the Chinese market has become a general consensus of the international community,” said Wang.

The spokesperson made the comments after the Organization for Economic Cooperation and Development (OECD) projects China’s real gross domestic product (GDP) to grow by 5.2 percent in 2023 in its economic outlook released on Wednesday.

OECD’s confidence in China’s growth prospects follows the International Monetary Fund (IMF)’s November projection of the country’s real GDP to grow by 5.4 percent in 2023 and 4.6 percent in 2024, both up by 0.4 percentage point relative to the World Economic Outlook released in October.

Financial institutions including JPMorgan, Goldman Sachs, Citigroup, UBS, Deutsche Bank, ANZ have also raised their forecasts for China’s economic growth this year to between 5 and 5.5 percent, according to Wang.

China said in March, in a government work report, that it aims to expand its economy by around 5 percent in 2023.

Speaking at a high-level conference co-hosted by the Hong Kong Monetary Authority and the Bank for International Settlements in the Hong Kong Special Administrative Region on Tuesday, People’s Bank of China governor Pan Gongsheng said China’s economy is expected to achieve the 5 percent growth target for the whole year.

Official data shows the sixth China International Import Expo in November saw $78.41 billion’s worth of tentative deals reached for one-year purchases of goods and services, an increase of 6.7 percent from that of last year.

At the just-concluded second Global Digital Trade Expo, deals on 32 projects with a total value of over 155.8 billion yuan (about $21.89 billion), were reached by leading enterprises in the sector, surging by 316.7 percent compared with the first expo, according to the department of commerce of Zhejiang Province.

“We welcome friends of the business community from all over the world to continue to invest in China, deepen their presence in China, and share the new opportunities brought by China’s high-quality development and high-level opening up,” said the spokesperson for the Chinese Foreign Ministry.

Source(s): CGTN

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Iraqi Shiite militia says calm with U.S. forces ‘temporary tactic’

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The leader of an Iraqi Shiite militia said Sunday that the current period of calm among Iraqi armed groups in their conflict with the U.S. forces is a “temporary tactic” and the Islamic Resistance in Iraq has not abandoned its support for the Palestinians.

Akram al-Kaabi, secretary general of the Iranian-backed al-Nujaba Movement, said in a statement that the current calm is only a tactic for repositioning and deployment. “It is only the calm before the storm.”

He said that the Islamic Resistance in Iraq “is an essential part in the battle to confront the Zionist aggression (the Israeli military campaign) and its supporter America against the Gaza Strip.”

Al-Kaabi also said that there is high-level coordination between different “open fronts” against the Americans and Israelis in the region, stressing that “any calm on one front and ignition on another is an intentional, purposeful and coordinated strategy.”

“Although the Islamic resistance did not reject the government’s negotiations to schedule the U.S. withdrawal from Iraq, we affirm that the U.S. occupier is a liar, a deceiver and an arrogant one,” the statement said.

Days after fighting broke out between the Hamas and Israel in the Gaza Strip on October 7, the Islamic Resistance in Iraq launched rocket, drone and mortar attacks on military bases housing U.S. forces in Iraq and Syria.

On January 27, Iraq and the U.S. began the first round of dialogue to discuss ending the U.S.-led international coalition’s mission in Iraq, but later three U.S. soldiers were killed in an attack on a U.S. base near Jordan’s border with Syria. The U.S. said the attack was carried out by the Islamic Resistance in Iraq, an umbrella term for pro-Iran Shiite Islamic armed groups in Iraq.

The death of the U.S. soldiers prompted the U.S. forces to retaliate by striking some headquarters of Iranian-backed armed groups affiliated with the Iraqi paramilitary Hashd Shaabi forces, killing and wounding dozens of them.

Later, the Islamic Resistance in Iraq suspended their attacks on U.S. bases to pave the way for the Iraqi government to hold negotiations with the U.S.-led coalition to end their presence in Iraq.

Source(s): CGTN

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U.S., UK launch new wave of strikes against Yemen’s Houthis

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The U.S. and the UK carried out a fresh wave of strikes on Saturday against 18 Houthi targets in Yemen, according to a joint statement, following weeks of attacks on Red Sea shipping by the Iran-backed group.

The strikes “specifically targeted 18 Houthi targets across eight locations in Yemen associated with Houthi underground weapons storage facilities, missile storage facilities, one-way attack unmanned aerial systems, air defense systems, radars and a helicopter,” said the joint statement.

It was co-signed by Australia, Bahrain, Denmark, Canada, the Netherlands and New Zealand, who gave unspecified “support” to the new round of strikes, the second this month and fourth since the Houthis began their attacks on ships in the region.

“The Houthis’ now more than 45 attacks on commercial and naval vessels since mid-November constitute a threat to the global economy, as well as regional security and stability and demand an international response,” the statement said.

Houthi-run Al-Masirah television reported “a series of raids on the capital Sanaa,” while AFP correspondents in the Houthi-controlled city in western Yemen said they heard several loud bangs.

“The United States will not hesitate to take action, as needed, to defend lives and the free flow of commerce in one of the world’s most critical waterways,” Pentagon chief Lloyd Austin said in a separate statement after the strikes.

“We will continue to make clear to the Houthis that they will bear the consequences if they do not stop their illegal attacks, which harm Middle Eastern economies, cause environmental damage, and disrupt the delivery of humanitarian aid to Yemen and other countries.”

Houthi military spokesman Yahya Saree was defiant, vowing in a social media statement that the group would “confront the American-British escalation with more qualitative military operations against all hostile targets in the Red and Arab Seas.”

The UK Ministry of Defense said four Royal Air Force Typhoon FGR4s targeted “several very long-range drones, used by the Houthis for both reconnaissance and attack missions,” on Saturday at a site north-east of Sanaa.

Saturday’s operation comes after several merchant vessels were struck this week in the region, including the fertilizer-filled Rubymar, whose crew had to abandon ship after it was hit Sunday and began taking on water.

Apart from the joint operations with Britain, the United States has also carried out unilateral strikes against Houthi positions and weaponry in Yemen and downed dozens of missiles and drones in the Red Sea.

Source(s): CGTN

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Gaza ceasefire talks underway in Paris as air strikes continue

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Gaza truce talks were underway in Paris on Friday, marking the most serious push in weeks to halt the fighting in the battered Palestinian enclave and see Israeli and foreign hostages released.

Reuters reported that the talks had begun, with Israel’s head of the Mossad intelligence service meeting separately with each party – Qatar, Egypt and the United States, according to an anonymous source.

“There are budding signs of optimism about moving forward toward the start of serious negotiations,” the source was quoted as saying. Egypt’s Al Qahera TV News also reported that the talks had commenced.

An official from Hamas stated that the militant group had concluded ceasefire talks in Cairo and was now awaiting the outcome of the weekend talks with Israel mediated by others.

Mediators have intensified efforts to secure a ceasefire in Gaza, aiming to prevent an Israeli assault on the Gaza city of Rafah, where more than a million displaced people are sheltering at the southern edge of the enclave.

Israel has threatened to attack the city if no truce agreement is reached soon. Washington has urged its close ally not to proceed, warning of vast civilian casualties if an assault on the city occurs.

Hamas leader Ismail Haniyeh met with Egyptian mediators in Cairo this past week to discuss a truce, marking his first visit since December.

Two Egyptian security sources confirmed that Egyptian intelligence chief Abbas Kamel would head to Paris for talks with the Israelis after wrapping up discussions with Haniyeh on Thursday. Israel has not publicly commented on the Paris talks, which are expected to continue through the weekend.

Reuters reported that the militant group did not offer any new proposals at the talks with the Egyptians but was waiting to see what the mediators would bring back from their discussions with the Israelis, citing a Hamas official who requested anonymity.

Ceasefire outline emerged from earlier talks

The last time similar talks were held in Paris, at the start of February, they produced an outline for the first extended ceasefire of the conflict, approved by Israel and the United States. Hamas responded with a counterproposal, which Israeli Prime Minister Benjamin Netanyahu then rejected as “delusional.”

Hamas, believed to still be holding more than 100 hostages seized in the October 7 attack on Israel that triggered the conflict, insists on their release only as part of a truce that includes an Israeli withdrawal from Gaza. Israel, on the other hand, refuses to withdraw until Hamas is eradicated.

Late on Thursday, Netanyahu presented his security cabinet with an official plan for Gaza once the fighting stops. He emphasized that Israel expects to maintain security control over the enclave after destroying Hamas and also sees no role there for the Palestinian Authority (PA) based in the West Bank.

Washington favors a role for a reformed PA.

Two Palestinian officials familiar with the negotiations stated that Hamas has not changed its stance in the latest push to reach a deal and still demands that a truce end with an Israeli pullout.

“Israel’s position and its response to mediation has been negative and this poses many obstacles towards reaching an agreement,” senior Hamas official Osama Hamdan said on Friday during a press conference in Beirut.

“Netanyahu is procrastinating… He does not care about the release of his hostages, but rather uses this issue as a card to achieve his goals,” Hamdan said.

At least 29,514 Palestinians have been killed in Israeli strikes on Gaza since October 7, the Gaza health ministry said on Friday.

Source(s): CGTN

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