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Chinese foreign minister sends congratulatory letter to China-ASEAN Future Relations Forum

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Chinese foreign minister sends congratulatory letter to China-ASEAN Future Relations Forum

2024-06-19 17:34 Last Updated At:18:07

Chinese Foreign Minister Wang Yi has sent a congratulatory letter to the China-ASEAN Future Relations Forum, which kicked off Wednesday in the Indonesian capital city of Jakarta.

In the letter, Wang, also member of the Political Bureau of the Communist Party of China Central Committee, recalled that Chinese President Xi Jinping and leaders of ASEAN countries in 2021 attended the ASEAN-China Special Summit to Commemorate the 30th Anniversary of ASEAN-China Dialogue Relations, and announced the establishment of China-ASEAN comprehensive strategic partnership.

Currently, the China-ASEAN comprehensive strategic partnership has been growing with a strong momentum, with fruitful results achieved from the jointly building of a peaceful, safe and secure, prosperous, beautiful and amicable home, he said.

The two sides have been each other's largest trading partners for four consecutive years, and the landmark projects in high-quality construction of the "Belt and Road" have been executed one after another, and the scale of people-to-people and cultural exchanges has accelerated, bringing tangible benefits to the more than two billion people on both sides, he noted.

Wang stressed that China and ASEAN have similar development paths and similar modernization concepts.

Noting that this year marks the 70th anniversary of the Five Principles of Peaceful Coexistence, he said that the Five Principles of Peaceful Coexistence are highly in line with the Ten Principles of the 1955 Bandung Conference and the spirit of the ASEAN Charter.

China is comprehensively promoting the great cause of building itself into a strong country and national rejuvenation with Chinese-style modernization, while the building of the ASEAN Community has entered a new stage, said Wang.

As China and ASEAN are friendly neighbors and reliable long-term comprehensive strategic partners to each other, China is willing to strengthen synergy in development strategies with ASEAN, firmly support the construction of the ASEAN community, support ASEAN centrality in the regional architecture, work together with ASEAN to achieve common development, and jointly promote regional peace, stability and prosperity, said the Chinese foreign minister.

Wang noted that it's expected that the participants will take the forum as an opportunity to put forward suggestions and proposals for future development of China-ASEAN relations, promote the building of a closer China-ASEAN community with a shared future, and work with all parties to actively implement the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative, so as to inject new impetus into promoting anequal and orderly multipolar world and a universally beneficial and inclusive economic globalization.

Chinese foreign minister sends congratulatory letter to China-ASEAN Future Relations Forum

Chinese foreign minister sends congratulatory letter to China-ASEAN Future Relations Forum

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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