29.4 C
Vientiane
Saturday, May 31, 2025
spot_img
Home Blog Page 658

Cushman & Wakefield appointed as Lead Sales Agent for the Sale of an Enbloc building including the whole Student Accommodation located at No. 33 Cooke Street/ No. 13 Lo Lung Hang Street, Hung Hom


HONG KONG SAR – Media OutReach Newswire – 3 March 2025 – Cushman & Wakefield has been appointed by the owner as the lead sales agent for the sale of the enbloc building including the whole student accommodation located at No. 33 Cooke Street/ No. 13 Lo Lung Hang Street, Hung Hom. The property has a total building area of approximately 7,501 square feet (Not verified.) and is currently listed at HKD 85 million with existing tenancies.

Acquired and renovated by a fund in October 2021, the property features three shops, generating around HKD 80,000 per month. The residential section comprises 50 rooms, managed by IRENT as student apartments. According to IRENT’s website, room rentals inclusive of management fees range from HKD 6,610 to HKD 9,240 and occupancy levels are high. There is potential to upgrade the rooms to all include an ensuite bathrooms, which would further enhance rental returns. Additionally, the property can be sold as a company, offering investors greater flexibility and convenience.

The location boasts excellent connectivity, with Ho Man Tin MTR Station just a 6-minute walk away, and both Hung Hom MTR Station and Whampoa MTR Station approximately 10 minutes on foot. The Hong Kong Polytechnic is about a 15-minute walk from the property and Metropolitan University is just a 19-minutue walk away. Situated in Hung Hom, it is adjacent to the new residential project Baker Circle developed by Henderson Land and the Onmantin development atop Ho Man Tin MTR Station by Great Eagle. The surrounding neighborhood features numerous shops and dining options, providing convenient amenities to meet diverse needs.

Mr. Alvin Lau, Director of Capital Markets in Cushman & Wakefield, stated: “In the 2024 Policy Address, the government reaffirmed its commitment to establishing a ‘Study in Hong Kong’ brand by increasing the quota for non-local students from 20% to 40%. This initiative is expected to attract a greater number of non-local students to pursue their studies in Hong Kong, resulting in a projected shortage of at least 55,400 university accommodation places. Due to the insufficient availability of on-campus accommodation, students who are unable to secure university accommodations will inevitably turn to the private market. This strong demand presents significant business opportunities for both private real estate investors and student hostel operators. As private student accommodations are specifically designed for students, investing in student apartments has increasingly become a popular choice. It offers investors stable rental income, making it an attractive option for long-term investment strategies.

Hashtag: #Cushman&Wakefield

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ().

Stoic 9 Brings Ultra-Aged Whiskies and Smart Exit Strategies for Whisky Cask Investors

SINGAPORE, March 3, 2025 /PRNewswire/ — The global whisky market is changing. As consumer preferences evolve and new markets emerge, ultra age premium whiskies and whisky cask investment has become a profitable alternative investment opportunity with the potential for high returns.

The whisky market globally is estimated at nearly US$70 billion and is projected to reach US$125 billion by 2032, according to a KPMG report released last year.

A whisky investment company based in Singapore, Stoic 9, reports that young adults are increasingly becoming the primary demographic for whisky consumption in Southeast Asia. This affluent younger generation is particularly attracted to Scotch whisky, with consumers choosing higher-quality alcoholic beverages.

Whisky, particularly rare and aged bottles, is a tangible luxury asset that resonates with high-net-worth individuals seeking to build more resilient portfolios. After remaining largely unrecognised as an investment class, whisky is beginning to attract investor interest.

“The redeeming quality of a whisky is that it offers a drinking experience typically enjoyed directly on special occasions. However, sophisticated investors understand that this drives resale value at the bottling stage, allowing a whisky to operate as an alternative asset. This kind of valuation is why many consider whisky investing in their portfolio diversification strategies,” says Charles Lim, Founder, Stoic 9.

Stoic 9’s observations indicate that millennials constitute the majority of retail investors in whisky casks, characterised by a high-risk tolerance in their investment strategies.

The whisky cask investment market is experiencing some growth, especially in Asia. This increased demand can be attributed to the asset’s considerable return potential, which, according to Whisky Invest Direct, can reach an annualised rate of over 15%. Typically, a whisky cask is expected to double in value over five years.

This trend is influenced by several factors. Fractional ownership reduces financial barriers for younger investors, while the craftsmanship and sustainability of whisky production align with their values. Additionally, their general interest in wine and alcoholic beverages attracts them to whisky casks.

“As the whisky investing industry matures and attracts a wider range of investors, verification and trust will become paramount,” states Thanit Apipatana, a key investor of Stoic 9. “Whisky investing, while offering potentially attractive returns, remains a relatively niche and often misunderstood market. However, many inherent risks, such as provenance issues, storage concerns, and market volatility, can be effectively mitigated through collaboration with reputable third-party specialists. These experts can provide crucial services like authentication, secure warehousing, and market analysis, ultimately enhancing investor confidence and safeguarding their investments.”

As whisky continues to demonstrate its potential to outperform traditional assets, Stoic 9 encourages young investors to explore this compelling alternative investment. The whisky market is poised for significant evolution, with industry experts predicting further innovation in investment models, including the emergence of specialised whisky funds and growing interest from institutional investors. This confluence of market growth and innovation suggests that the golden age of whisky investment is just beginning, presenting a unique opportunity for those seeking diversification and potentially strong returns.

About Stoic 9

Founded in 2021 by entrepreneur Charles Lim, Stoic 9 is a Singapore-based firm that specialises in building investment portfolios of ultra age premium whiskies and whisky casks for investors. By collaborating with world renowned distilleries around the world, Stoic 9 offers investors the opportunity to acquire ultra age vintage whiskies and whisky casks with significant growth potential. 

BioRes Ruizhi BLC Implant System Showcased in China, Addressing Rising Demand for High-quality Implants

WALNUT, Calif., March 3, 2025 /PRNewswire/ — BioRes Dentech Inc. showcased its Ruizhi BLC Implant System at Dental South China 2025, a premium product line jointly launched by BioRes Dentech Inc. and Besmile, designed exclusively for China’s market. With advanced bone preservation technology and outstanding clinical performance, the system aims to redefine precision implantology, addressing the growing demand for reliable, high-quality implants.

Unlocking China’s Growing Implant Market Potential

China’s dental implant market has grown significantly, yet its implant penetration rate remains low at 59.1 implants per 10,000 people in 2023, far below developed countries, like the U.S. (100-200) and South Korea (500).

This gap highlights immense potential. In 2024, the market generated USD 391.4 million in revenue and is projected to reach USD 618.9 million by 2030, driven by initiatives like bulk procurement, which cut implant costs by 55%.

However, the market still lacks affordable, high-quality implants ensuring long-term stability, raising concerns over failure rates and complications.

BioRes Ruizhi BLC Implant System: A Solution for Lifelong Stability

Partnering with Besmile, BioRes introduces the Ruizhi BLC Implant System, designed for lifelong stability. It minimizes pain and gum disease risks while simplifying procedures for clinicians. Its advanced bone preservation technology promotes alveolar bone retention, ensuring long-term peri-implant tissue stability. The self-tapping design enhances initial stability, safety, and efficiency, addressing critical market needs.

Backed by extensive clinical research, the system boasts a 0% mechanical complication rate over 4 years and a 99.05% success rate over 5 years—surpassing the industry average of 94-96%. These results highlight its reliability and potential to set a new benchmark in dental implant solutions.

About BioRes Dentech Inc.

Based in Walnut, CA, BioRes Dentech Inc. advances dental health through cutting-edge technology and innovation, supporting oral health professionals and enhancing patient outcomes worldwide.

About Chengdu Besmile Biotechnology Co., Ltd.

Besmile specializes in dental CAD/CAM materials, equipment, and implant systems, delivering cutting-edge digital solutions for dental labs and practices. With in-house R&D and advanced manufacturing, Besmile partners with 1,000+ clients in 100+ countries, aiming to lead the global dental industry through innovation and excellence.

 

HONOR Unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company

Illuminating a three-step roadmap underpinned by openness and collaboration

BARCELONA, Spain, March 3, 2025 /PRNewswire/ — Global technology brand HONOR today announced the HONOR ALPHA PLAN, a new corporate strategy to transform HONOR from a smartphone maker to a global leading AI device ecosystem company. The visionary three-step plan details the bold steps HONOR will take to usher in the new intelligent world, and calls on the industry to co-create an open, value-sharing ecosystem that maximizes human potential, ultimately benefiting all mankind.


“It is clear that the AI revolution will reshape the paradigm of the device industry – completely transforming our productivity, our society, and even our culture more than ever before,” said James Li, CEO of HONOR. “I am calling on all of us to unite together to address the challenges – as well as the many opportunities – of AI technology. I also call on the industry to be truly open so that we can fully embrace this exciting AI future. Let’s do it together.”

The designation HONOR ALPHA PLAN is chosen for its unique symbolic meaning. Alpha, as the first letter in the Greek alphabet, symbolizes HONOR’s relentless pursuit of technological excellence. Additionally, the Chinese word for humans (人) can be found where the stroke connects in the lowercase letter “α,” echoing HONOR’s commitment to human-centric innovation. The East-meets-West symbolism perfectly encapsulates HONOR’s global vision and ambition to create value for consumers worldwide.

THE HONOR ALPHA PLAN comprises three steps: The first step begins with the development of an intelligent phone. HONOR will work with partners to open technology boundaries to co-create a new paradigm for AI devices in the agentic AI era. Next, HONOR will open industry boundaries and co-create a new paradigm for AI ecosystem in the physical AI era. Finally, in the AGI era, HONOR will open human potential boundaries and co-create a new paradigm for civilization.

The envisioned intelligent phone that is central to the first step will embed human-centric AI that is purpose-built to maximize human potential, including the leading AI technology HONOR showcased during the keynote address.

MWC Booth Details

Between March 3-6, visitors of MWC Barcelona 2025 may visit the HONOR booth located at Stand 3H10 in Hall 3, Fira Gran Via, to check out the latest innovations from HONOR and its partners.

For more information, please visit: www.honor.com/global/events/honor-mwc/ 

The 91st CMEF to Unveil Latest Trends in Medical Device Industry

China is flourishing in the industry, boasting more than 34,000 medical device companies and leading advancements in AI technologies.

SHANGHAI, March 3, 2025 /PRNewswire/ — The 91st China International Medical Equipment Fair (CMEF), the world’s premier medical device exhibition, is set to take place from April 8-11 at the National Exhibition and Convention Center, Shanghai. The event will showcase industry innovations across 350,000 square meters of exhibition space, featuring 5,000 global brands and anticipating 200,000+ visitors from more than 150 countries and regions.

Since its launch in 1979, the biannual CMEF has evolved into the global medical technology industry’s most comprehensive platform, integrating technological innovation, product launches, business networking, brand promotion, academic exchange, and trend analysis. The 91 edition will feature industry leaders including United Imaging, GE Healthcare, Mindray, Philips, Shinva, Yuwell, and China National Medical Device, presenting tens of thousands of products alongside global premieres, underscoring China’s growing influence in medical technology innovation.

China’s medical device industry has solidified its position as a global leader, boasting over 34,000 companies and a vast portfolio of 301,639 valid medical device registrations and filings as of June 2023. Domestic products dominate the market, representing 91.22% (275,158) of total registrations, while imported products account for 264,871. The sector’s rapid expansion is enabled by demographic shifts, rising incomes, growing health consciousness, and strong government support.

From 2014 to 2024, the National Medical Products Administration greenlit 315 innovative medical devices, with 272 originating from domestic manufacturers and 43 from 24 international companies across six countries.

Standout innovations include:

  • AI-Powered Assistants for Healthcare Revolution: Leveraging technologies like speech recognition, large medical text models, and embodied intelligence, uAI Avatar—an intelligent assistant—can interact with doctors, assist in equipment operation, and retrieve critical information. By enhancing efficiency and accuracy, it is redefining the future of medical practice.
  • New Option for Obesity Treatment: The Gastric Bypass Stent System, comprising a delivery and retrieval system, is endoscopically placed in the duodenum and upper jejunum. It mimics the effects of gastric bypass surgery without altering the gastrointestinal anatomy, reducing nutrient absorption and aiding weight loss.
  • Advanced Material for Hip Replacement: Zirconia ceramic hip prosthesis components, produced using a high-low temperature cyclic sintering technique, reduce sintering temperatures while enhancing grain boundary diffusion.
  • Cutting-Edge Technology for Remote Surgery: The emerging multi-port endoscopic surgical robot has demonstrated significant advancements. It consists of a surgeon’s console, a patient-side cart, and a 3DHD vision system. Clinical trials have proven its capability to perform complex level-4 surgeries.

As the world’s most comprehensive medical technology platform, CMEF brings together the latest advancements across the entire industry chain, including AI, medical robotics, and big data applications. The CMEF Distributor Alliance Club will launch One-on-One Precision Matchmaking sessions, enabling seamless connections between distributors and manufacturers. The main stage, WeTalk Global Stage and ICMD Tech Corner will host a series of activities, offering unparalleled insights into global market trends and technological integration.

For pre-registration, please visit: https://reg.reed-sinopharm.com/pc/#/login?id=be8dbb6416714b7fb1ac7b330560f2ca&channelUuid=b2cbd836c501451d910b25037b1d910a

Heat Wave Shuts Down Schools in Nearly Half Philippine Capital

Heat Wave Shuts Down Schools in Nearly Half Philippine Capital
TOPSHOT - Students leave school in Manila on March 3, 2025, where classes are suspended due to extreme heat. Soaring temperatures shut down schools in nearly half the Philippine capital on March 3, local officials said, as the torrid dry season started in the tropical Southeast Asian country. (Photo by Jam STA ROSA / AFP)

JAM STA ROSA/AFP – Soaring temperatures shut down schools in nearly half the Philippine capital on Monday, local officials said, as the torrid dry season started in the tropical Southeast Asian country.

ZTE to highlight “Catalyzing Intelligent Innovation” at MWC Barcelona 2025, harnessing the power of AI

BARCELONA, Spain, March 3, 2025 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will participate in MWC Barcelona 2025 from March 3 to 6 under the theme “Catalyzing Intelligent Innovation”. In partnership with industry partners, ZTE will promote the deep integration of AI and connectivity, accelerating intelligent innovation and jointly shaping a future that is highly efficient, intelligent and green. 

ZTE to highlight "Catalyzing Intelligent Innovation" at MWC Barcelona 2025, harnessing the power of AI
ZTE to highlight “Catalyzing Intelligent Innovation” at MWC Barcelona 2025, harnessing the power of AI

ZTE’s booth is located at 3F30, Hall 3, Fira Gran Via, where the company will showcase innovative solutions integrating connectivity and AI across six key thematic areas: Ultra-Efficient Mobile Network, All-Optical World, AI-Inspired Value, Engines of Intelligence, Infinite Future, and Smart Life.

Ultra-Efficient Mobile Network & All-Optical Network: Dual-Track Reconstruction of Network Productivity

In addressing the fundamental network needs of operators, ZTE will demonstrate how to leverage next-generation ultra-efficient mobile networks and all-optical networks to build a modern, future-proof foundational network with efficiency and low carbon emissions.

In the field of mobile network, ZTE continues to lead UBR innovation, launching the industry’s first TDD+FDD dual-mode Massive MIMO AAU and 400M OBW ultra-wideband AAU, creating ultra-simplified, highly efficient, and green sites. Targeting indoor and agricultural network scenarios, ZTE unveiled several new solutions to enable comprehensive traffic coverage. Focused on new momentum for 5G-A development, ZTE drives innovation in Air to Ground (ATG) and Non-Terrestrial Networks (NTN) satellite communication, to build the Space-Air-Ground Integrated Network (SAGIN) to achieve ubiquitous connectivity.

By integrating sensing and communication, ZTE empowers the low-altitude economy and water management. Additionally, with the introduction of 5G-A new media solution, ZTE enhances brand-new AR live broadcast experience.

In the field of all-optical network, ZTE is committed to advancing the high-quality development of optical networks. For all-optical homes, ZTE drives revenue growth through Wi-Fi 7, FTTR, and other solutions, reduces operational costs through digital tools, and enhances scene development with AI-driven smart terminals. For all-optical cities, ZTE expands into office, hotel, and campus scenarios through all-optical ToB, boosting customer ARPU. For all-optical infrastructure, ZTE has launched intelligent ODN, Full-Band OTN, and AI-Enhanced IP solutions to build an ultra-simplified, ultra-fast, and highly efficient foundational network.

Looking towards future evolution, ZTE is dedicated to the integrated development of 5G-A and 6G, creating a distributed intelligent network that combines connectivity, sensing, and intelligence to support the ubiquitous AI-driven world of the Internet of Everything. Through key technological innovations and business ecosystem development, ZTE aims to collaboratively build a new high ground for value-driven services.

Full-Stack Intelligent Computing + Industry Innovation: Jointly Building AI-Driven Value Prosperity

ZTE positions intelligent computing as the company’s long-term core focus, actively promoting the integration of connectivity and AI innovation. It has launched an all-in-one, end-to-end AI solution to support customers in their digital transformation and seize future market opportunities.

During MWC Barcelona 2025, ZTE will showcase its full-stack intelligent computing infrastructure, including liquid-cooled data centers, intelligent computing servers, general-purpose computing servers, storage, high-speed switches, and the AiCube integrated training and inference unit supporting DeepSeek full-version deployment. This solution is designed to flexibly meet the computing network needs of large data centers, edge data centers, and integrated enterprise deployments across various scenarios. Additionally, ZTE will unveil the industry’s first integrated energy storage solution, combining multi-scenario new energy integration with intelligent energy scheduling to enhance energy efficiency.

In addition, ZTE leverages technologies such as heterogeneous convergence and computing-network integration to launch a series of solutions, including AIR RAN and AIR Core, to build end-to-end, AI-native networks that help operators reshape their business models.

Focused on industry innovation, ZTE offers a full-stack AI integrated application solution, covering chips, hardware, software, and integration services. With a focus on achieving optimal application outcomes, ZTE integrates its own capabilities with industry-leading resources to help customers build the most cost-effective AI applications. The Digital Nebula 3.0, featuring the Nebula large model, integrates a complete suite of tools for model training, inference, and application development. This enables industry customers to leverage AI efficiently, quickly, and cost-effectively. At the Nanjing Binjiang Factory, the Nebula industrial large model has accelerated process document generation by 10 times and reduced quality inspection labor costs by 70%. Additionally, ZTE empowers external innovation applications in industries such as manufacturing, transportation, and energy, driving the monetization of AI’s value.

Creating a Full-Scenario Intelligent Ecosystem with AI-Driven Interactions and a Full Range of AI Devices

Adhering to the “AI for All” product strategy, ZTE continues to expand its complete portfolio of AI-powered devices in various forms. By positioning AI smartphones as the primary gateway, ZTE is building a new multi-modal interaction experience centered on AI voice.

Within its AI OS framework, ZTE achieves system-level integration of top-tier global AI capabilities. Its multi-modal architecture seamlessly incorporates advanced LLMs such as Google Gemini, ByteDance Doubao, DeepSeek, China Mobile Jiutian, and China Telecom Xingchen. ZTE not only pioneers the integration of the full-scale DeepSeek-R1(featuring 671B parameters) in the flagship smartphone nubia Z70 Ultra, but will also progressively integrates DeepSeek-R1 and other top-tier LLMs across its entire product lineup, making the multiple values of AI accessible to a broader range of consumers.

ZTE to highlight "Catalyzing Intelligent Innovation" at MWC Barcelona 2025, harnessing the power of AI
ZTE to highlight “Catalyzing Intelligent Innovation” at MWC Barcelona 2025, harnessing the power of AI

nubia will unveil the world’s first next-generation true full-screen flagship smartphone featuring the industry-leading photography capabilities – nubia Z70 Ultra, alongside the stylish compact foldable smartphone – nubia Flip 2. Embracing the “Born to Win” concept, nubia continues to drive the development of its gaming smartphone for everyone – nubia Neo 3 series. nubia will introduce its first AI earphones – nubia LiveFlip, which interact seamlessly with nubia AI smartphones via its AI OS, further enhancing the AI-powered full-scenario interaction experience.

REDMAGIC, a globally recognized professional gear brand, will launch the world’s first 1.5K Wukong true full-screen gaming flagship – REDMAGIC 10 Pro series. The company will debut its first 4K eyewear-free 3D gaming laptop and tablet, as well as a variety of esports accessories, further refining its esports ecosystem and offering comprehensively professional support for gamers.

In addition, ZTE will showcase the world’s first 2-in-1 5G+AI Cloud Pad along with a range of multi-form AI devices tailored for home users at the event.

During MWC Barcelona 2025, ZTE will also host several key activities at its exhibition booth, including the “AI for All” ZTE Devices New Products Launch Event, the AIR DNA for Future Network Launch Event, and multiple joint customer release events, presenting a series of innovative products to the industry. Additionally, ZTE will participate in the major thematic forums organized by GSMA, where it will share the latest insights and case studies on key topics such as the evolution of future networks, AI’s role in reshaping networks, and how private networks empower various industries. ZTE will collaborate with global operators, industry partners, and thought leaders to accelerate intelligent innovation across industries.

The convergence of AI and ICT technologies is dissolving the boundaries between the physical and digital worlds, ushering in a new era driven by intelligent innovation and seamless connectivity. From March 3 to 6, join ZTE to witness the acceleration of progress and step into the new future of digital intelligence.

For more information, please visit the ZTE booth (3F30, Hall 3, Fira Gran Via) at MWC Barcelona 2025 or explore: https://www.zte.com.cn/global/about/exhibition/mwc25.html

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn

Global Times: ‘Delivering a better life for people’ : Deputies recall Xi’s commitment to the people’s wellbeing

BEIJING, March 3, 2025 /PRNewswire/ — Global attention will turn to Beijing as the “two sessions,” the annual meetings of China’s top legislature and the top political advisory body, commence. This gathering serves as a critical platform where the people’s voices will be heard by policymakers, while the country’s development priorities will be discussed.

With the people’s well-being in mind, Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, participated in 59 deliberations and discussions with deputies and advisors from across China during the two sessions from 2013 to 2024, according to Xinhua.

Xi has always highlighted the need to make every effort to enable China’s 1.4 billion people to lead a better life on the path to Chinese modernization. He treats the “little things,” such as warm accommodation, hot meals, fresh air, and even rural toilet facilities, not as trivialities but significant aspects of his state governance, Xinhua reported.

When visiting the delegation of Sichuan deputies during the two sessions in 2017, Xi said he felt “pretty worried” when reading reports that the cliff villagers were coming and going via a rattan ladder, according to People’s Daily.

When Xi took part in a deliberation with deputies from Northwest China’s Qinghai Province in 2021, he asked about whether local people use latrines or flush toilets, what their electrically-heated brick beds look like, and the population, origins and customs of the Tu ethnic people.

When he took part in deliberations with NPC deputies from the delegation of Jiangsu Province last year, Xi pointed out that the people-centered development philosophy should be upheld.

“The people’s well-being should be steadily improved in the course of pursuing development, so as to guide and encourage the broad masses to create a happy life with their own hands,” Xi said.

Vivid reflection

People in remote Atule’er of Liangshan Yi Autonomous Prefecture, Sichuan Province, used to climb 17 rattan ladders if they wanted to leave or come home to their village, which is perched on an 800-meter-high cliff, CGTN reported.

When visiting the delegation of Sichuan lawmakers during the two sessions in 2017, Xi said he felt “pretty worried” when reading reports about the cliff villagers.

In February, 2018, Xi himself visited the homes of impoverished villagers of the Yi ethnic group who live deep in the Daliang Mountains of Zhaojue County, Sichuan Province. Xi asked the villagers about their lives and discussed poverty alleviation with local officials and villagers, Xinhua reported.

He stressed that not a single ethnic group, family or individual should be left behind in the building of a moderately prosperous society in all respects in China.

During two sessions in 2022, Xi asked again about the life of villagers in Atule’er when he visited national agriculture, welfare and social security advisors at the fifth session of the 13th National Committee of the Chinese People’s Political Consultative Conference (CPPCC). CPPCC member Yeshe Dawa of the Sichuan Province Department of Civil Affairs presented two photos of the village – one showed the rattan ladders that once hung precariously from steep cliffs; the other was a steel ladder replacement.

In 2017, a handrail-equipped steel ladder was built with government funding, making the trek easier and safer. In a resettlement program funded by the government in 2020, all 84 households in poverty from the village in Zhaojue county, Sichuan’s Liangshan Yi Autonomous Prefecture, moved to new houses in the county town. But the village was not abandoned. Instead, it has become a tourism spot and income source for the villagers as its agriculture and tourism have been developed with government support.

The changes in Daliang Mountain are a vivid reflection of China’s efforts in the new era to enhance the wellbeing of its people and move toward common prosperity.

Every small matter counts

When Xi took part in a deliberation with NPC deputies from Qinghai Province in 2021, six deputies gave speeches at the deliberation. A Shengqing was one of them.

The deputy recalled that during the deliberation Xi asked her questions about whether local people use latrines or flush toilets, what their electrically-heated brick beds look like, and the population, origins and customs of the Tu ethnic people. President Xi also learned about embroidery’s contribution to poverty alleviation, the development of the local liquor industry, and the planting of Chinese medicinal herbs, among other issues concerning people’s wellbeing. “I deeply felt General Secretary Xi Jinping’s care for the people,” she said.

“Every ‘small matter’ in the village is something General Secretary Xi holds dear in his heart,” A Shengqing told the Global Times.

“I shared the achievements of poverty alleviation in Qinghai Province through the changes in Banyan Village in my speech,” A Shengqing said.

Huzhu Tu Autonomous County, where Banyan Village is located, is the only autonomous county for the Tu ethnic people, one of the 56 ethnic groups in China.

Xi visited Banyan Village, Huzhu Tu Autonomous County, Qinghai Province during an inspection visit, in August 2016. Xi checked the floor plan of a local villager’s new home and asked about the construction progress and the hot bed stove, a heated sleeping platform common to north China, according to Xinhua.

“Over the years, Banyan Village underwent a dramatic transformation where residents now have electric heated beds, access to tap water, new relocated houses, hygienic toilets, rooftop solar panels,” A Shengqing said, noting that villagers have also developed various industries such as embroidery, liquor distilling, and potato farming.

These industries have lifted local residents’ income, with per capita income increasing to 23,813 yuan ($ 3,269) by 2023. 

Behind these transformations are the government’s continuous efforts to improve people’s wellbeing in ethnic minority regions, A Shengqing said.

People at center 

Dong Caiyun is a member of the Bao’an ethnic group, which has a population of only about 20,000, according to Xinhua.

At the two sessions in 2019, Dong proposed a new expressway that would boost the development of her county in Northwest China’s Gansu. Other deputies lauded her proposal, and Xi, who was present at the meeting, responded by asking the relevant departments to study the proposal, Xinhua reported.

After rounds of research and feasibility studies, construction began. By November 2023, the highway was completed, linking Linxia County, Linxia City, and Jishishan County together.

After a 6.2-magnitude earthquake hit Jishishan, Gansu Province in December, 2023, the highway played a critical role in the rescue efforts.

“This highway embodies the wishes of the people from my hometown for a better life, and I would like to express my gratitude on behalf of my fellow villagers,” Dong told the Global Times.

Xi has consistently emphasized the significance of the people, unwaveringly adhering to the principle of “putting people at the center” in his governance approach, according to Xinhua.

China’s “journey of modernization is not just about material wealth; it is deeply rooted in a people-centered philosophy. The fruits of Chinese modernization have been transformed into tangible improvements in the quality of life for ordinary citizens,” People’s Daily reported, quoting Bangladesh’s Weekly Blitz.

Under Xi’s leadership, China has successfully helped around 100 million people leave absolute poverty behind in less than a decade, winning the battle against absolute poverty in the country with 1.4 billion people. In doing so, the country has achieved the goal of building a moderately prosperous society in all respects, Xinhua reported.

In China, the average life expectancy of its people has reached 78.2 years, and over 1 billion people are connected to the internet. Furthermore, the country has established the world’s largest education system, social security system, and healthcare system.

“Our goal is both inspiring and simple. Ultimately, it is about delivering a better life for the people,” Xi said.