The Chinese peacekeeping units in Lebanon are safe, and measures will be taken to strengthen their security protection, China's Ministry of National Defense said on Tuesday.
Wu Qian, spokesperson for the ministry, made the remarks at a press conference in Beijing when asked to comment on the Israel Defense Force's recent attack on the United Nations Interim Force in Lebanon (UNIFIL).
"China is seriously concerned about and strongly condemns the Israeli military's attack on the UNIFIL that is carrying out its peacekeeping mission under the mandate of UN Security Council resolutions. China firmly opposes any attacks against UN peacekeeping personnel. We require a thorough investigation into the incident and hold those responsible accountable. We urge relevant parties to take real actions to prevent such an incident from happening again. The parties involved in the conflict must ensure the safety of the personnel and assets of the UNIFIL," he said.
"The Chinese peacekeeping units in Lebanon are currently safe. China is closely monitoring the local security situation and measures will be taken to further fortify the capabilities in security protection," Wu added.
Chinese peacekeeping units in Lebanon to enhance security protection: spokesman
The U.S. Federal Reserve's 25 basis point cut on Thursday aligns with market expectations, said Li Fuyi, associate researcher at Institute for Foreign Economic Studies under the Academy of Macroeconomic Research.
The Fed on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle.
Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated, the Federal Open Market Committee (FOMC), the central bank's policy-setting body, said in a statement.
"From a policy perspective, the 50 basis point cut in September was a more precautionary move, aimed at preventing the policy from lagging too far behind developments. Moving forward, the rate cuts should slow and follow a more gradual pace, allowing enough room for policy adjustments. The Fed would lower rates by another 50 basis points by the end of the year, so the November 25 basis point cut aligns with market expectations. In terms of economic data, Fed policy mainly responds to changes in employment and inflation," Li explained the interest rate cut.
"Currently, U.S. inflation is gradually approaching the Fed's 2 percent objective. For instance, the initial core PCE figure for the third quarter was 2.2 percent. At the same time, the labor market is roughly in line with the Fed's full employment target range. In this situation, there is no urgent need for a major rate cut. A moderate rate cut also avoids overly pessimistic market interpretations of the current economic situation. This approach is an optimal solution for the Fed's delicate balance between curbing inflation and avoiding economic cooling," she said.
US Fed's 25 basis point cut aligns with market expectations: expert