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Global Times: From ‘harmony is invaluable’ to ‘harmonious coexistence’

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BEIJING, Oct. 27, 2024 /PRNewswire/ — The Chinese nation possesses strong cultural creativity. In adhering to the “two integrations,” (to integrate the basic tenets of Marxism with China’s specific realities and fine traditional culture) Chinese modernization imparts new contemporary connotations to the outstanding traditional culture of China.

Recently, during an inspection tour in East China’s Anhui Province, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, learned about the history and inheritance of Liuchi Alley in Tongcheng and emphasized the importance of promoting the traditional virtues of the Chinese nation, emphasizing comity and peace.

At the recent 16th BRICS Summit, Xi proposed that “we should build a BRICS committed to closer people-to-people exchanges, and we must all act as advocates for harmonious coexistence among all civilizations.”

Whether during domestic inspections or foreign visits, Xi places great importance on the inheritance and promotion of China’s outstanding traditional culture.

He called for culture to be drawn on to enhance China’s governance and drive China’s modernization, proclaiming the need to “uphold the banner of peace, development, cooperation, and win-win outcomes.” He emphasized the goal of building the Earth we live on into a harmonious family.

Today, the essence of “harmony,” a core value in Chinese culture, has become deeply embedded in the genetic makeup of the Chinese nation, shaping the thoughts and behaviors of the Chinese people.

The commitment of the CPC in the new era to seeking happiness for the people, rejuvenation for the nation, progress for humanity, and unity for the world is broad and profound, with roots that run deep and a legacy that continues to flourish.

Continuing the cultural lineage of China, Chinese modernization represents a new destiny for the Chinese nation. By insisting on creative transformation and innovative development, the Chinese civilization is bound to shine anew.

Traditional roots

“Harmony is the universal path to be pursued.”

The path of harmony is rooted in cultural soul-building.

Traditional Chinese virtues are the essence of Chinese culture, rich in moral and philosophical resources.

From the phrase “harmony begets new things” in the Discourses of the States, to “harmony is invaluable” in the Analects, as well as contemporary social advocacy for family values like “harmony and beauty,” interpersonal relations characterized by “calmness and peace,” conflict resolution prioritizing “harmony,” and business practices promoting “prosperity through harmony” – the character “he” (harmony) truly embodies the profound significance of Chinese culture.

The creativity of the Chinese civilization determines that it upholds tradition without clinging to the past and respects ancient wisdom without reverting to archaic thinking.

Today’s Liuchi Alley embodies the spirit of the path of harmony and the expression of culture.

“My family’s two walls stretch a hundred meters long. In between, virtue and righteousness walk, while courtesy and humility stand on either side. My family’s alley is six feet wide. With infinite tolerance, harmony is hidden within poetry…” The enchanting melody of the Spring Festival Gala song “Liuchi Alley” is widely celebrated.

“Don’t say that modesty yields nothing; giving roses to others leaves a lingering fragrance. Letting him have three feet becomes a beautiful story, and harmony brings auspiciousness for days and months to come…” The heartfelt melodies of the Huangmei Opera “Liuchi Alley” resonate deeply with audiences.

The wisdom and essence of Chinese culture continuously inspire new waves amid the tides of the changing times.

In Hehe town in Tiantai, a county in Taizhou, East China’s Zhejiang province, over 600 creative cultural products, the animated TV series Hehe Erxian (Immortals of Harmony and Union), and the poetic musical Tianxia Hehe illuminate the culture of “harmony and unity” through past and present. The “Five Virtues Family” practice in Dongying, Shandong Province, promotes “civility, discipline, harmony, and family unity,” embodying the core values of both traditional culture and modern standards of living.

The simple concept that “harmony is invaluable” is deeply rooted in the hearts of the Chinese people, serving as a vital spiritual force that sustains the continuous legacy of the Chinese nation.

China’s excellent traditional culture is the foundation and spirit of the Chinese nation and the root of its resilience in global cultural exchanges.

Application in new era 

The philosophy of “harmony” applies both to governance and social order.

Valuing benevolence, prioritizing the people, upholding integrity, revering justice, promoting harmony, and seeking common ground embody the spirit of China’s traditional culture. We should unearth and elucidate its relevance to the times, promote Chinese culture to increase mutual understanding, and educate people through culture, to build China’s spirit, values, and strengths.

Incorporating the cultural significance of the “Liuchi Alley” and its ideals of harmonious justice with practical social governance, the “Liuchi alley approach in the new era” emerged in Tongcheng, helping resolve community conflicts and advancing social governance. In 2023, this method was included in the work report of the Supreme People’s Court and selected as a test case in the “Fengqiao model,” which is named after a town in Zhejiang Province, and is an exemplar of Chinese community-level social governance.

“Law ensures social stability while virtue nourishes the mind.”

The “three zeros” approach adopted in Mudan community in Shenyang, Liaoning Province, the “Fengqiao experience” in Mingxi County, Fujian Province, and the “Dongbula mediation” in Fuhai County, Xinjiang Uygur Autonomous Region, all transform the tradition of “harmony is invaluable” into practical governance approaches. The people’s mediation system has become fundamental in diversified dispute resolution, writing a new chapter in the “two miracles.”

The system of people’s congress and the mechanism for political consultation initiated by the CPC are profoundly connected to the people’s foundational thought of the Chinese civilization, the idea of shared governance, the tradition of “consultation,” and the political wisdom of embracing diversity and seeking common ground. From harmonious courtesy to working together in harmony, to nurturing all things together, we build a peaceful China, a law-based China, and a beautiful China… In fully building a modern socialist country, harmony is an essential value for consideration.

Global perspective

The path of harmony is rooted in a global perspective.

Chinese modernization is one that follows a path of peaceful development. Over 200 years ago, Napoleon Bonaparte compared a backward China to a sleeping lion. In the spring of 2014, by the Seine River, Xi profoundly articulated: “Today, the lion has woken up. But it is peaceful, pleasant, and civilized.”

The Chinese nation values peace; there is no gene for invading others or seeking global hegemony in our blood. Upholding trust, promoting harmony, and fostering kindness with neighbors have always been our way of interacting with the world.

China is the only major country that has enshrined peaceful development in both its Constitution and the Constitution of the Communist Party of China, elevating this principle to the status of national will. The confidence and consciousness needed to follow the path of peaceful development are deeply rooted in the rich heritage of the Chinese civilization.

From “the historical answer of the Five Principles of Peaceful Coexistence” 70 years ago to “the contemporary vision of building a community with a shared future for mankind” in the new era, the spirit of “harmony” remains consistent while also achieving significant historical leaps.

Since the advent of the new era, China has hosted China International Import Expo, the China International Fair for Trade in Services, the China Import and Export Fair, and the China International Consumer Products Expo, continuously reducing the negative list of foreign investment access, establishing free trade pilot zones, and the Hainan Free Trade Port.

China welcomes people from all over the world to ride on the “fast train” and “express bus” of its development. Adhering to the basic national policy of opening-up and steadfastly pursuing an open strategy of mutual benefit and a win-win philosophy, the door of China’s opening-up is getting wider and wider, and China’s circle of friends is getting larger, with more partners on the shared journey toward modernization.

China’s achievement of modernization is a boost to the forces of global peace and a bolstering of the forces of international justice.

China’s journey toward modernization is guided by a deep concern for the future of humanity and a profound commitment to the well-being of its people.

At every historical juncture, culture has always felt the changes in the national fate and stood at the forefront of the times, sounding the clarion call of the era.

Countries may become partners when they have the same values and ideals, but they can also be partners if they seek common ground while reserving differences.

Mutual respect, unity, cooperation, and harmonious coexistence are the correct paths for the development of human civilization.

Advocating peaceful coexistence and harmony between civilizations, Xi’s positioning for promoting the high-quality development of greater BRICS cooperation transcends the scope of BRICS, aiming at a broader global perspective and aligning with the progress of human civilization.

Harmonious coexistence is both a humanistic foundation and a humanistic pursuit; it is seeking common ground and following the righteous path. Building a community with a shared future for mankind has become a glorious banner leading the progress of the times, which will surely drive humanity to steer the great ship toward a bright future of peace, security, prosperity, and progress.

 

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SOURCE Global Times

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Lovey announces £250m senior secured credit facility with Pollen Street Capital

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UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited): 
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours. 

Website: www.lovey.com

Pollen Street Press Office:
FGS Global 
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com 

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com 

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Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

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BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

View original content:https://www.prnewswire.com/news-releases/baidu-to-report-third-quarter-2026-financial-results-on-november-16-2026-302920463.html

SOURCE Baidu, Inc.

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IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

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Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.” 

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.” 

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibs-softwares-icargo-to-power-philippine-airlines-cargo-modernisation-302919378.html

SOURCE IBS Software

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