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International journalists fascinated by Khorgos Port in northwest China during onsite visit

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International journalists fascinated by Khorgos Port in northwest China during onsite visit

2024-06-25 22:08 Last Updated At:06-26 00:07

⁠⁠⁠⁠⁠⁠⁠A delegation of journalists from multiple countries were fascinated by the prosperity of the Horgos Port in northwest China's Xinjing Uygur Autonomous Region neighboring Kazakhstan, during their group tour to the remote region earlier this month.

The "China Up Close: Xinjiang" tour, jointly organized by China Media Group (CMG), China International Media Exchange, and the Publicity Department of the Communist Party of China Xinjiang Regional Committee, commenced on June 20 and will conclude on June 26.

The journalists, from 24 countries and regions, are divided into two groups to cover both northern and southern Xinjiang, allowing them to experience the region's diverse landscapes and cultural heritage.

The northern tour group on Friday morning visited the Horgos Port on the China-Kazakhstan border, learning about the thriving trade exchanges between the two countries.

At the first cross-border economic cooperation zone established between China and another country in Horgos, the red line represents China and the blue, Kazakhstan. The bustling scene is a new sight for the visiting international journalists.

"I was just standing there, one foot in Kazakhstan and one foot in China. This is a very interesting place," said Reem Hani, a journalist with the Lebanese Al-Akhbar newspaper.

"Absolutely for us as Arabs, we hear and look about Xinjiang, and we hear and look for information about Xinjiang. But we didn't expect it will be amazing like this," said Khaled Orabi, managing editor of Muscat Media Group, a leading media group in the Sultanate of Oman.

"It's the new Silk Road. This project and the initiative [Belt and Road Initiative] will change the face of the world I think, because it offers a new proposition and new way to trade together," said Sami Kaidi, a reporter with El-Moudjahid Daily, an Algerian French-language newspaper.

According to official data, the number of entry-exit personnel at the Horgos crossing exceeded 200,000 during the one-week May Day holiday this year.

"This year marks the China-Kazakhstan Year of Tourism, the average number of visits by Chinese tourists at the cooperation center has exceeded 30,000 per day, and 6,000 by Kazakh tourists. The momentum of cross-border shopping is strong," said Jiayidaer Alemas, deputy director of the management office of the China-Kazakhstan Horgos International Border Cooperation Center.

The cross-border cooperation center covers an area of nearly six square kilometers. China manages about three-fifths of the space and Kazakhstan, the remainder. There are duty-free stores on both sides.

Horgos means the place of wealth accumulation in Kazakh. The port is connected to the domestic market of 1.4 billion people in China and the market of Central Asia, West Asia and Europe with 1.3 billion people.

International journalists fascinated by Khorgos Port in northwest China during onsite visit

International journalists fascinated by Khorgos Port in northwest China during onsite visit

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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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