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NED acts as US gov't's 'white gloves' in carrying out subversion, infiltration and sabotage: ​report

China

China

China

NED acts as US gov't's 'white gloves' in carrying out subversion, infiltration and sabotage: ​report

2024-08-09 19:00 Last Updated At:08-10 00:37

The Chinese Foreign Ministry released a report on Friday, exposing that the U.S. National Endowment for Democracy, or NED, has long acted as the U.S. government's "white gloves" in carrying out subversion, infiltration and sabotage across the world.

The report, namely "The National Endowment for Democracy:What It Is and What It Does," finds that NED has long engaged in subverting state power in other countries, meddling in other countries' internal affairs, inciting division and confrontation, misleading public opinion, and conducting ideological infiltration, all under the pretext of promoting democracy. Its innumerable evil deeds have caused grave harm and drawn strong condemnation from the international community.

The report says that in recent years, NED has kept changing tactics and gone even further in acting against the historical trend of peace, development and win-win cooperation. It has become more notorious for its infiltration, subversion and sabotage attempts against other countries.

It is imperative to unmask NED and alert all countries to the need to see through its true colors, guard against and fight back its disruption and sabotage attempts, safeguard their national sovereignty, security and development interests, and uphold world peace and development and international fairness and justice, the report says.

Under the guise of democracy, freedom, and human rights, the United States has used NED for infiltration, interference and subversion against other countries. This has grossly violated other countries' sovereignty, security and development interests, blatantly breached international law and basic norms of international relations, and severely jeopardized world peace and stability. Such unpopular and despicable acts are firmly opposed by the international community, the report says.

The world is moving toward multipolarity, and greater democracy in international relations is needed. Every country has the right to pursue a development path suited to its national realities and the needs of its people. No country is in a position to lecture others on democracy and human rights, still less using democracy and human rights as excuses to infringe upon the sovereignty of other countries, interfere in their internal affairs and incite ideological confrontation, the report says.

Following humanity's common values of peace, development, fairness, justice, democracy and freedom, members of the international community should engage in exchanges and dialogue on the basis of mutual respect and equality, and work together to contribute to the progress of humanity, the report adds.

NED acts as US gov't's 'white gloves' in carrying out subversion, infiltration and sabotage: ​report

NED acts as US gov't's 'white gloves' in carrying out subversion, infiltration and sabotage: ​report

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ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

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