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From Poverty to Prosperity

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BEIJING, Dec. 27, 2024 /PRNewswire/ — A news report from China Report ASEAN:

“3,000 yuan per month,” proclaimed Abdulaziz Mehmet, a Uygur worker at Dena Shoes Factory in Kargilik County of Xinjiang Uygur Autonomous Region. Why is it noteworthy? Bangkok’s minimum wage in 2024 is US$327.65, while Jakarta is US$332.92. Mehmet is earning significantly more than what he would get in either of the national capitals.

The Chinese government has prioritized rural revitalization to address poverty, improve living conditions, and foster economic development across the country’s rural regions. In Xinjiang, the efforts are part of a broader campaign to promote stability, advance economic integration, and uplift local communities.

Xinjiang is known for its vast deserts, mountainous terrain, and diverse ethnic groups including the Uygur, Kazak, and Han. Despite its natural resources and strategic position as a gateway for China’s Belt and Road Initiative (BRI), the region has faced significant socio-economic challenges, particularly in rural areas.

Historically, Xinjiang’s rural areas have struggled with underdevelopment, poverty, and limited access to education, healthcare, and infrastructure. The rural population, especially ethnic minorities, have found fewer opportunities for economic advancement compared to urban areas, which contributed to widening inequality and social tension.

More Job Opportunities

One of the central goals of the rural revitalization strategy is to lift rural residents out of poverty by providing them with stable job opportunities. In Xinjiang, this has been achieved through various means. To alleviate poverty in particularly remote and underdeveloped areas, the government has relocated some rural residents to more economically viable regions where they can access better services and job opportunities.

Aktas Town, under the jurisdiction of Kargilik County in Kashgar Prefecture, was established in 2020 as one potential solution. People who have experienced poverty found their living standards increase significantly after relocation. They were provided with houses, vocational training programs, and jobs.

The Chinese government has encouraged the development of local industries that align with Xinjiang’s natural resources such as cotton production, fruit cultivation (melons, plums, and grapes), and livestock farming. These industries can create jobs for rural residents and improve their incomes.

“The factory is near my house, so going to work has become so convenient,” said Mehmet. “And of course, I am well-paid. Thanks to the Party and government, I see good days ahead!” He and his wife both work, and their combined incomes are comparable to urban earnings despite continued residency in a small rural town.

Agrarian Prosperity

Agriculture remains a key industry in Xinjiang’s rural economy. To ensure long-term growth and sustainability, the government has been focusing on modernizing agricultural techniques and improving efficiency. The government has invested in agricultural R&D to create a new farming environment to tackle Xinjiang’s harsh climate conditions. This has helped farmers increase yields and improve food security. One program provides greenhouses for residents to rent and use to launch businesses.

 “We can produce 12 to 15 tons of tomatoes a year,” said Orkesh Qurban. “My annual income now can reach 120,000 yuan (US$17,108) just from the two greenhouses that I rent. My life has taken a 180-degree turn from before.” Before relocation, he used to farm and herd sheep. “Back then, my annual income was less than 10,000 yuan (US$1,425).” He is understandably ecstatic to be earning nearly ten times as much and providing more for his family.

Aynur Qurban, another resident of Aktas Town, took the opportunity to rent two greenhouses after working another job for four years. She believes in self-reliance as she seeks a better life. She has planted cucumbers in her greenhouses.

“I used to commute on time, and life was not so tiring,” she said. “But now things are different. I go to work earlier and go home later. I work harder than before. However, I feel happier because now I am thriving by myself. Fighting for my own business is especially rewarding.” She signed the rental contract in July but has not yet paid. She is allowed to pay after she harvests, probably by the end of the year.

How will she sell the cucumbers? Aynur doesn’t worry about the sales and only focuses on optimally growing cucumbers. She distributes the cucumbers through the county’s Yuye farmers’ professional cooperative. Established in 2021, the cooperative works with over 100 household farms like Aynur’s.

Pu Jinping, who Aynur calls “Shifu (boss)”, manages the cooperative. He highlighted the integrated support model. “The cooperative provides full technical guidance, from procurement to sales,” he said. “We encourage members to operate greenhouses, and then we sell their produce.”

Some greenhouses are run collectively, while cooperative members like Aynur and Orkesh operate individually. In addition to logistics, the cooperative provides advice on crop varieties, pest and disease management, and operating methods. “Initially, farmers learn various methods under our guidance,” Pu said. “Once they have accumulated experience, many will leave and contract greenhouses independently while maintaining contact with the cooperative for inputs and sales.”

The cooperative collectively packages harvested vegetables and sells them in cities in Xinjiang such as Kashgar and Urumqi as well as in further-away cities such as Chengdu, Xi’an, Changsha, and Zhengzhou. “Growing crops is one thing, but selling them is another,” mused Aynur. “If you can’t sell them, they rot, and all your efforts are for nothing.”

Infrastructure Enhancement

Improving infrastructure is also critical for rural revitalization in Xinjiang. This involves upgrading transportation networks by paving roads, laying rails, and building airports to better connect rural areas with major cities and markets. Additionally, rural areas are welcoming improvements in access to clean water, electricity, and digital infrastructure including broadband internet to facilitate modern agricultural practices and e-commerce.

Xinjiang’s rural revitalization efforts must contend with serious environmental challenges including water scarcity, desertification, and soil degradation. To address these issues, the government has introduced several sustainability initiatives. One involves renewable energy projects. Xinjiang enjoys abundant solar and wind resources, which are being harnessed to promote clean energy solutions in rural areas. This not only addresses environmental concerns but also creates new economic opportunities for local communities.

Xinjiang’s rural revitalization strategy also emphasizes the preservation of local cultures and the improvement of social services for ethnic minority groups. Key components include the promotion of cultural tourism. The region’s rich cultural heritage including the traditions of the Uygur, Kazak, and other ethnic groups is being leveraged to promote tourism in rural areas. This has created new economic opportunities while preserving local customs and traditions.

The rural revitalization efforts in Xinjiang represent a significant investment in improving the lives of millions of rural residents. By addressing poverty, modernizing agriculture, and building infrastructure, the Chinese government aims to create a more stable and prosperous Xinjiang. However, the success of these initiatives depends not only on economic progress but also on how well they balance development with cultural and social considerations.

According to data from the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration (Kemendes-PDTT) of the Republic of Indonesia, at the end of 2023, a total of 7,154 villages in Indonesia were rated “backward,” and 4,850 were dubbed “very backward.” Countries like Indonesia can learn much from the success of Xinjiang’s rural revitalization to fight poverty and improve the life quality of the people.

View original content:https://www.prnewswire.com/apac/news-releases/from-poverty-to-prosperity-302339510.html

SOURCE China Report ASEAN

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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