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PBIC competition challenges youths to develop innovative solutions for better Africa

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      China

      China

      PBIC competition challenges youths to develop innovative solutions for better Africa

      2024-08-12 07:52 Last Updated At:08:17

      ⁠⁠⁠⁠⁠⁠⁠The 8th edition of the UN-supported Public Benefit International Challenge for Youth, or PBIC, concluded its over two-month contest in Beijing last Sunday, with teenagers in China developing innovative ideas to solve societal problems in Africa.

      Promoting safe drinking water, achieving gender equality, and reducing marine pollution are just three of the 12 innovative solutions for this year's PBIC.

      The Public Benefit International Challenge for Youth, jointly organized by the United Nations Population Fund and the China-Africa Business Council, aims to strengthen ties with Africa by challenging teenagers in China to come up with innovative solutions for a better Africa.

      "It is a good opportunity to build up strong connection between China and Africa. Also people can learn different cultures and other information from different perspectives," said Chu Weiran, a PBIC participant.

      To help Chinese youths better understand Africa, each team is paired with one African student studying in China who serves as a mentor.

      "We are all united to build something great altogether. Those children really have the passion for Africa to build something great over there," aid Oyama Devlin Zion, a PBIC mentor.

      "On this side of the world so far from Africa, we're having conversations to make change in Africa, to empower women in Africa, men in Africa, and to overall improve life in Africa. That already shows willingness to build deeper and stronger our relationships," said Divine Lisala, CEO of Deluxe World.

      Besides fostering great exchanges and closer bonds, what's more impressive is the practicalness and creativity exhibited in the projects of young competitors.

      Huang Zhongyang, co-founder of PBIC, said that ever since the program was established in 2017, many innovations proposed by Chinese students are being implemented in Africa step by step.

      "Last year, we implemented a program called Blossomy Africa, which provides women in underprivileged areas of Africa with access to STEM (science, technology, engineering, mathematics) courses. I believe competitions like PBIC help youth in China and Africa connect more with the world," he said.

      "All the teams are just fantastic. The things that impressed me the most is just how creative these young people are and how hard they worked to develop their projects," said Matthew Traxler, a PBIC judge who is professor of Psychology and Academic Advisor at UC Davis.

      "When you bring groups of young people from foreign countries and foreign cultures together, they don't start by looking for problems or picking fights. (What they) start to do is trying to build friendship and I think that is events like this especifically PBIC can contribute to people-to-people exchanges," said David Ferguson, a PBIC judge who is honorary English editor-in-chief of Foreign Language Press.

      The PBIC teams also shared their aspirations to extend the contest to a broader range of countries and explore the possibility of organizing a competition within Africa.

      The PBIC competition exemplifies the depth of China-Africa exchanges, showcasing the potential for collaboration and innovation among the youth. 

      This spirit of partnership will undoubtedly be a focal point at the upcoming Forum on China-Africa Cooperation (FOCAC) summit in Beijing, where leaders will gather from September 4 to 6 to chart a course for even stronger China-Africa relations.

      PBIC competition challenges youths to develop innovative solutions for better Africa

      PBIC competition challenges youths to develop innovative solutions for better Africa

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      Finance Ministry deeply regrets, rejects Fitch Ratings downgrade

      2025-04-04 16:56 Last Updated At:17:07

      The Ministry of Finance said on Thursday that it deeply regrets and does not recognize a ratings downgrade by Fitch Ratings.

      The statement by the ministry came after the ratings company said in a report on Thursday that it has downgraded China's long-term foreign-currency issuer default rating to 'A' from 'A-plus', with a stable outlook.

      The downgrade was announced despite Fitch's recognition that China has a more robust economic growth prospect and a key position in global trade based on communications between the company and the Chinese side, the ministry said in a statement, while adding that the downgrade is biased and does not fully and objectively reflect the actual situation in China.

      The ministry argued that China's 5 percent GDP growth in 2024 was among the best in major world economies, and that China is currently further building up advantages stemming from talent dividends, capital and technological progress. The ministry also pointed out that China's emerging economic sectors, urbanization and market-oriented reforms represent further growth potential. Various macro policies have continued to make an impact this year -- with the economy extending a good growth trend and the quality of development steadily improving, it said.

      Notably, the International Monetary Fund and the World Bank recently both made improved revised projections for China's economic growth in 2025.

      Meanwhile, the United Nations and the Organization for Economic Cooperation and Development have forecast that China's GDP growth this year will be above 4.5 percent, close to the growth target of around 5 percent set by the Chinese government.

      Finance Ministry deeply regrets, rejects Fitch Ratings downgrade

      Finance Ministry deeply regrets, rejects Fitch Ratings downgrade

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