Connect with us

Technology

Global Times: Xi returns to Beijing after state visits to three SE.Asian countries

Published

on

BEIJING, April 20, 2025 /PRNewswire/ — Chinese President Xi Jinping returned to Beijing on Friday afternoon after wrapping up state visits to Vietnam, Malaysia and Cambodia, the Xinhua News Agency reported on Friday.

During Xi’s first state visits abroad in 2025, lasting from April 14 to 18, the Chinese leader was warmly welcomed by locals, overseas Chinese, and senior officials and leaders of the three neighboring countries.

Upon arrival, the Chinese president’s signed articles were respectively published in local newspapers in the three countries. Reporters also noted that media outlets of Vietnam, Malaysia and Cambodia spoke highly and with anticipation of Xi’s visits. 

Analysts believe that the leader’s visit has yielded fruitful results and holds profound significance, both for pragmatic cooperation in various bilateral fields and for regional stability and development.

They added that close interactions are the vivid practice of the philosophy of China’s neighborhood diplomacy featuring “amity, sincerity, mutual benefit, and inclusiveness” proposed by Xi in 2013, and the guiding principle has continuously advanced China’s relations with neighboring countries.

To date, China has reached consensus on building a community with a shared future with 17 neighboring countries and signed Belt and Road cooperation agreements with 25 of them. China is also the largest trading partner of 18 countries in the region, reflecting their deep and growing interdependence.

Comprehensive outcomes

During Xi’s visit to Vietnam, the two sides signed 45 bilateral cooperation documents, covering areas including connectivity, artificial intelligence, customs inspection and quarantine, agricultural trade, culture and sports, public welfare, human resource development, media, and more. President Xi and Vietnamese leader To Lam also witnessed the launching ceremony of the ChinaVietnam railway cooperation mechanism in Hanoi, Xinhua reported.

A joint statement released in the context of Xi’s state visit to Vietnam on Tuesday said China and Vietnam have agreed to build a more extensive and in-depth all-round cooperation pattern, and accelerate synergy between their development strategies, according to Xinhua.

In Malaysia, his second stop, Xi met with King Sultan Ibrahim and held talks with Prime Minister Anwar Ibrahim. During the talks with Anwar on Wednesday afternoon, Xi said he is ready to work with Anwar to boost the high-level and strategic development of the ChinaMalaysia community with a shared future, Xinhua reported.

Following the leaders’ talks, China and Malaysia exchanged more than 30 bilateral cooperation documents, covering cooperation in areas such as the three global initiatives, digital economy, trade in services, upgrading and development of “two countries, twin parks,” joint laboratories, artificial intelligence, railways, intellectual property rights, agricultural products exports to China, mutual visa exemption and panda conservation, according to Xinhua.

During the Thursday talk with Cambodian Prime Minister Hun Manet in the third leg of his three-nation Southeast Asia tour, the two leaders agreed to build an all-weather ChinaCambodia community with a shared future in the new era, and designated 2025 the China-Cambodia Year of Tourism.

The two countries exchanged more than 30 bilateral cooperation documents covering fields such as production and supply chain cooperation, artificial intelligence, development assistance, customs inspection and quarantine, as well as health and media.

Xu Liping, director of the Center for Southeast Asian Studies at the Chinese Academy of Social Sciences, told the Global Times that under the strategic guidance of head-of-state diplomacy, the latest visits have produced comprehensive and fruitful outcomes.

Xu highlighted the establishment of a ChinaVietnam railway cooperation mechanism, as well as the “2+2” dialogue mechanism on diplomacy and defense with Malaysia and “2+2” foreign and defense ministers dialogue mechanism with Cambodia that was announced during the visit. He was also impressed by the enhanced cooperation in emerging fields such as artificial intelligence and the digital economy.

These achievements, Xu said, mark a new high in political and security cooperation, as well as in building resilient industrial and supply chains in emerging sectors between China and the three Southeast Asian countries.

Li Haidong, a professor at China Foreign Affairs University, told the Global Times that the outcomes of Xi’s visits vividly and effectively embody the vision of a community with a shared future for mankind within the context of China’s neighborhood diplomacy.

The visits have not only tightened multifaceted ties between China and the three countries, but also created a strong spillover effect across the region, Li said. “Deepened cooperation between China and the three Southeast Asian nations is expected to benefit a broader range of neighboring and regional countries.”

Collectively responding to challenges

The state visits by the Chinese leader came against the backdrop of a global tariff war, with Southeast Asian countries, as key links in the global supply chain, suffering a potentially heavy impact from the “reciprocal tariff” policy. Observers noted that in a world of growing turbulence, China’s pursuit of building a new type of international relations based on win-win cooperation rather than “zero-sum” outcomes is increasingly significant, extending the impact of the Chinese leader’s state visits far beyond the scope of bilateral relations.

According to the ChinaVietnam joint statement released in the context of Xi’s state visit to Vietnam, the two countries emphasized the importance of maintaining peace and security in the Asia-Pacific region and agreed to practice open regionalism, it said.

During the meeting with Xi, Anwar said that ASEAN will not endorse any unilaterally imposed tariffs, and will promote collective advancement through cooperation to maintain economic growth.

In Cambodia, when meeting with Hun Manet, Xi said China and Cambodia, important forces in the Global South, should stick to the common values of peace, unity and cooperation, Xinhua reported.

Hun Manet said that China has played a leading role and provided valuable stability to the world. The Cambodian Prime Minister added that Cambodia is willing to strengthen coordination and cooperation with China to safeguard their common interests, per Xinhua.

Xu said, “President Xi’s visits sent a clear signal of strengthening regional cooperation, further solidifying consensus among countries and injecting new momentum into the region’s stability and development.”

Similarly, Li believes that China’s close coordination and cooperation with neighboring countries, along with its positive spillover effects across the region, will enhance confidence among regional and global partners in the future of development.

Liu Ying, a researcher at the Chongyang Institute for Financial Studies, Renmin University of China, said Xi’s state visits will not only promote deeper regional economic and trade development but will also help unite ASEAN and Asian countries to collectively respond to external challenges and play a vital role as a stabilizer and engine for the global economy.

Inheritance of Bandung Spirit

The day the Chinese leader concluded his visit to the three Southeast Asian countries also marked the 70th anniversary of the historic Asian-African Conference, also known as the Bandung Conference. The conference held in Bandung, Indonesia, on April 18 1955, marked the first time that the countries of the Global South united to oppose imperialism and colonialism in defense of their sovereign rights and a more equitable world. Representatives of 29 Asian and African countries proposed the Bandung Spirit with “solidarity, friendship and cooperation” at its core, initiating the Non-Aligned Movement and South-South cooperation, Xinhua reported.

“During his state visits, President Xi repeatedly stressed the importance of unity and cooperation among regional countries, and the need to oppose external interference,” Xu said, “the Bandung Spirit continues to resonate strongly in the current global context.”

Li emphasized that the visits once again demonstrated that China and other Global South countries form a community with a shared future, built on mutual support and solidarity, also with the common aspiration and interest in pursuing development together.

Xi’s visits highlighted the need for closer coordination among developing countries to better safeguard their sovereignty, security, development, and well-being, Li added.

View original content:https://www.prnewswire.com/news-releases/global-times-xi-returns-to-beijing-after-state-visits-to-three-seasian-countries-302433005.html

SOURCE Global Times

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

Published

on

By

NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-digital-inc-announces-pricing-of-3-507-billion-of-senior-secured-notes-302833899.html

SOURCE Galaxy Digital Inc.

Continue Reading

Technology

The Finish Line that Changed China: Retracing the Long March to Yan’an

Published

on

By

BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-finish-line-that-changed-china-retracing-the-long-march-to-yanan-302833900.html

SOURCE China.org.cn

Continue Reading

Technology

Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

Published

on

By

First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/visa-and-lianlian-advance-trusted-b2b-agentic-commerce-through-loopxpays-first-live-b2b-agentic-transaction-302833916.html

SOURCE Visa Worldwide Pte. Limited

Continue Reading

Trending