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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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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.

As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1

This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.

Informing investor-relevant disclosures: A four-step approach

Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.

It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.

Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.

Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”

Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”

Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.

The Guidance Document can be downloaded here.

For more information, visit www.rspo.org 

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com

1

IFRS Foundation, ISSB Podcast February 2025

 

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SOURCE Roundtable On Sustainable Palm Oil

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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform

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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.

Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.

“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.

Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.

The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.

“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.

Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.

The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.

Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com

About ArisGlobal

ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.

About Nordic Capital

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

This information was brought to you by Cision http://news.cision.com

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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia

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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.

BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.

As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.

The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.

The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.

Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.

Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”

Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”

About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

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SOURCE Gulf Development Public Company Limited (GULF)

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