Chinese vice premier urges joint efforts to safeguard global industrial, supply chains

The stable and smooth operation of global industrial and supply chains requires concerted efforts from all countries, Chinese Vice Premier Ding Xuexiang said on Monday.

Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, delivered a keynote speech at the opening ceremony of the Fourth China International Supply Chain Expo in Beijing.

As a responsible major country, China has given full play to its complete industrial system and vast market to facilitate steady global economic operations, Ding said, adding that China's concrete actions have provided solid support for the stability and smooth functioning of global industrial and supply chains.

Ding called on all countries to enhance mutual trust, treat industrial and supply chains as a global public good, and keep trade flows unimpeded.

He stressed the need to uphold true multilateralism and advance integrated development, so that scientific and technological innovation can deliver benefits to more countries and people worldwide.

He also underscored that all parties should work together to strengthen resource sharing, advance mutually beneficial cooperation on key mineral products, and ensure their peaceful utilization. 　　 South African Deputy President Paul Mashatile, as well as leaders of the International Chamber of Commerce and the Sustainable Markets Initiative, also attended and addressed the opening ceremony.

Before the opening ceremony, Ding visited the exhibition hall and spoke with heads of relevant companies.

Chinese vice premier urges joint efforts to safeguard global industrial, supply chains

Iran and the United States concluded their first round of talks in Switzerland, with Iranian media saying Monday the two sides agreed on five main points.

The reported five points are:

First, both sides have agreed to establish a monitoring mechanism to reinforce the ceasefire in Lebanon, with Iran participating in.

Second, on the critical issue of managing the Strait of Hormuz, both sides decided to set up a dedicated hotline to ensure the waterway is reopened in a gradual and coordinated manner.

Third, working groups on nuclear issues, sanctions, and monitoring mechanisms will begin their work only after the implementation of Article 13 of the Iran-U.S. memorandum of understanding. Iran has made clear that it will not enter the final phase of negotiations until that article is fully carried out.

Article 13 stipulates a ceasefire on all fronts, including Lebanon; the lifting of the maritime blockade against Iran; the unfreezing of Iranian assets; and the removal of sanctions on Iranian oil, petrochemical products, and their derivatives.

Fourth, during this round of talks, Iran and Qatar signed a memorandum of understanding regarding the release of Iran's frozen assets.

Fifth, the United States has issued a 60-day document lifting sanctions on Iranian oil, petrochemical products, and their derivatives.

Iran-US talks yield five key points after first round in Switzerland: Iranian media