Senior Chinese official meets with KKR Co-CEO

Senior Chinese official He Lifeng met with Joseph Bae, Co-Chief Executive Officer of American leading global investment firm Kohlberg Kravis Roberts (KKR) in Beijing on Tuesday.

He, who is a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Central Commission for Financial and Economic Affairs, said that China's economy has maintained steady and positive momentum since the beginning of this year, and the country has the confidence and capability to achieve its annual growth targets.

The fourth plenary session of the 20th CPC Central Committee adopted the recommendations for formulating the 15th Five-Year Plan (2026-2030), charting a blueprint for China's development over the next five years, which will boost global economic growth, he said.

Investors from all over the world are welcome to continue to increase their investment in China, and share in the opportunities presented by China's economic development, He said.

Joseph Bae expressed full confidence in China's economic development prospects, and the willingness to continue expanding investment and cooperation in China.

Russian forces carried out a "massive strike" on Ukraine's military-industrial complex, energy facilities and port infrastructure, the Russian defense ministry said Saturday.

The strike was in response to Ukraine's overnight attacks on Russia's civilian objects, said the ministry, adding that the strike involved long-range high-precision air- and ground-based weapons, including Kinzhal hypersonic missiles and long-range unmanned aerial vehicles.

Ukrainian President Volodymyr Zelensky said earlier in the day that rescue efforts were underway in numerous regions following Russia's attacks.

Zelensky said Russia launched over 650 drones and 51 missiles targeting multiple regions, with injuries reported. He added that the main targets were energy facilities.