Category: Flash News

On March 29th, Minister of Commerce Wang Wentao met with South Korean Minister of Industry, Trade and Resources Andegun in Seoul, South Korea. Both sides exchanged views on promoting economic and trade cooperation between China and South Korea, maintaining the stability of industrial and supply chains, and strengthening regional and multilateral cooperation. Wang Wentao stated that China and South Korea are important economic and trade partners, deeply integrating their industrial and supply chains in areas such as semiconductors. Both sides should conscientiously implement the important consensus reached by the leaders of the two countries, accelerate the second phase negotiations of the China South Korea Free Trade Agreement, strengthen exchanges and cooperation under mechanisms such as the China South Korea Production and Supply Chain Cooperation Hotline and Export Control Dialogue, and jointly promote the stable and far-reaching development of the economic and trade relations between the two countries. Wang Wentao emphasized that both China and South Korea are beneficiaries and maintainers of free trade and multilateralism. Both sides should strengthen cooperation under regional and multilateral frameworks such as the World Trade Organization, Regional Comprehensive Economic Partnership Agreement, Digital Economy Partnership Agreement, and Asia Pacific Economic Cooperation, promote the resumption of negotiations on the China Japan South Korea Free Trade Agreement as soon as possible, jointly safeguard the multilateral trading system, and promote regional economic integration. Andegen stated that China is an important economic and trade partner of South Korea, and the close cooperation between the two countries has played an important role in ensuring the stability and smoothness of regional and even global supply chains. The South Korean side is willing to further deepen the economic and trade relations between China and South Korea, maintain the stability of bilateral industrial and supply chains, accelerate the negotiation process of the second phase of the China South Korea Free Trade Agreement, and strengthen cooperation under regional and multilateral frameworks.

On March 29th, according to Ukrainian media reports, a missile attack by the Russian military on Kryvylih in Dnipropetrovsk Oblast, Ukraine, has resulted in 8 injuries, including 3 hospitalizations. At present, the government has established an aid command center. In addition, the number of casualties in Dnipro, Ukraine has increased to 24, with 9 people hospitalized. The Russian side has not yet responded to this. (CCTV News)

On March 29th, it was reported that the “Procurement Announcement for the Environmental Assessment Report Service Project of China National Nuclear Construction Corporation (CNNC) Second and Third Star Huo-1 High Temperature Superconducting Hybrid Reactor Phase I Project” was recently released on the bidding and procurement website, and the construction schedule of the project was not specified. According to an article, the project is jointly promoted by China National Nuclear Corporation and Jiangxi Lianchuang Optoelectronics, and is located on Yaohu Science Island in Nanchang, Jiangxi. The goal is to be completed and connected to the grid before 2030. According to multiple verifications by reporters, there are multiple instances of information distortion in the relevant reports. According to informed sources, the project is currently in the early stages, mainly focused on research, and there is great uncertainty about whether it can move towards commercial power plants in the future. The task of integrating the world’s first 100 megawatt fusion fission power plant into the grid before 2030 is even more impossible. (Pengpai News)

On March 29th, Danish Foreign Minister Rasmussen posted a video on social media, stating that he did not like the tone of US Vice President Vance’s claims of “insufficient investment” in Greenland, and that “this is not the way to address close allies. Rasmussen said that Denmark is also increasing its investment. Just a few weeks ago, Denmark made a multi billion dollar investment in Arctic security. This investment will be used to increase drones, ships, and personnel, and there will be more investments later this year. However, Rasmussen also said that he believes Denmark and the United States are still close allies. (CCTV News)

On March 29th, Miguel Lopez, Chairman and CEO of ThyssenKrupp, revealed that they are currently cooperating with Chinese new energy vehicle companies: “I believe that China is currently the most advanced country in the field of electric vehicles. We are also actively seizing the huge market opportunities brought by the rapid rise of local new energy vehicle companies in recent years. We provide them with shock absorbers and steering system components, and are ready to work with them to expand the global market. In the future, Chinese car companies will establish more localized production bases overseas, and we will also go with them.” (CCTV Finance)

On March 28, 2025, Vice Foreign Minister Ma Zhaoxu met with Director General of the World Intellectual Property Organization Deng Hongsen to exchange views on issues such as China’s cooperation with the organization and global governance of artificial intelligence. Ma Zhaoxu stated that China adheres to true multilateralism and supports the World Intellectual Property Organization in playing an important role in promoting global innovation and technological development. China is willing to strengthen communication and coordination with the World Intellectual Property Organization, deepen exchanges and cooperation in important fields such as artificial intelligence governance, jointly maintain an open and cooperative international environment, and promote inclusive economic globalization. Deng highly appreciates China’s achievements in intellectual property development and its contributions to promoting global intellectual property governance. He thanks China for its support to the work of the World Intellectual Property Organization and is willing to further strengthen cooperation with China.

On March 29th, the relevant person in charge of the National Energy Administration stated at the 2025 China Electric Vehicle Hundred People’s Congress Forum that it is necessary to accelerate technological innovation and accelerate the construction of a new industrial ecosystem for the integrated development of automobiles and power grids. As of the end of 2024, the total number of charging infrastructure in China reached 12.818 million units, a year-on-year increase of 49.1%; There are over 10000 charging operators of various types, and the entire industry is showing explosive growth. Next, the National Energy Administration will continue to promote the construction of charging facilities to address shortcomings, with a focus on accelerating the innovation and cultivation of new technologies and formats in the charging field.

On March 29th, the relevant person in charge of the Ministry of Commerce stated at the 2025 China Electric Vehicle Hundred Person Forum that China’s new energy vehicle market will continue to grow rapidly this year, and in the future, it will further open up the bottlenecks in the circulation of the new energy vehicle market. In the future, we will deepen the implementation of car trade in, appropriately increase support for the purchase of new energy vehicles, and unleash the potential of existing consumption. Continuously focus on the bottlenecks in the circulation of new energy vehicles and strengthen supporting guarantees. (CCTV News)

On March 29th, it was learned from the National Development and Reform Commission’s conference on promoting high-quality development of the private economy that since the implementation of large-scale equipment updates and the policy of exchanging old for new consumer goods, it has strongly supported the development of private enterprises. Next, the National Development and Reform Commission will intensify the implementation of the “two new” policies to promote high-quality development of the private economy. The relevant person in charge of the National Development and Reform Commission said that according to preliminary statistics, in the field of industry and recycling, the scale of ultra long term special treasury bond funds supporting private enterprises accounted for more than 80%, driving the steady growth of private project investment in related fields. In the next step, we will continue to optimize the policy environment for private enterprises to participate in the “two innovations”, and accelerate the issuance of 2025 ultra long term special treasury bond support equipment renewal investment subsidies. At the same time, we will solidly carry out project supervision and management, and generate more physical workload. Optimize the financing environment for equipment renewal in private enterprises, increase efforts to implement loan interest subsidies, and research and formulate policies to strengthen the implementation of equipment renewal loan interest subsidies on the basis of technology innovation and technological transformation loans, further reducing the financing costs of operating entities. (CCTV News)