Washington urged to keep promise on Taiwan question

China's Foreign Ministry on Thursday urged the US to abide by the one-China principle, stop sending wrong signals to Taiwan secessionists, and refrain from interfering in the Taiwan's regional leader election in any form, after reports disclosed that the Biden administration will dispatch a delegation comprised of former senior officials to the island of Taiwan shortly after the island's regional leader election to be held on Saturday.

Chinese experts noted that the US' scheme would be destructive to China-US relations, and is highly likely to trigger countermeasures from the Chinese side, which has reiterated the core significance of the Taiwan question.

Citing people familiar with the plan, the Financial Times (FT) said in a Wednesday report that the White House has tapped James Steinberg, a former Democratic deputy secretary of state, and Stephen Hadley, a former Republican national security adviser, to lead the bipartisan delegation to Taiwan island. 

The FT report said that the purpose of sending the delegation is to ensure Washington was "communicating clearly" with the winning and losing candidates about US policy and the "uniqueness of the unofficial relationship" between the US and Taiwan island.

The Associated Press (AP) said sending the delegation is the "most effective way" to engage the newly-elected authorities and convey US policy.

One senior administration official said that the delegation "will convey the importance of ties" between the US and Taiwan island and also reiterate Washington's "one-China policy," CNN reported, noting that exact composition of the delegation was still being determined, per senior administration officials it reached. 

"Taiwan is an inalienable part of China. China always firmly opposes any form of official exchanges between the US and Taiwan authorities," Mao Ning, a Chinese Foreign Ministry spokesperson said. 

The US side should earnestly abide by the one-China principle, prudently and properly handle the Taiwan question, stop sending any wrong signals to Taiwan secessionists, and refrain from interfering in the Taiwan regional elections in any form, so as to avoid causing serious damage to China-US relations and peace and stability across the Taiwan Straits, Mao said. 

She added that China will take resolute and forceful measures to safeguard national sovereignty and territorial integrity.

Lü Xiang, an expert on US studies at the Chinese Academy of Social Sciences, told the Global Times that the US releasing such a message a few days before the Taiwan regional election is a move apparently aimed at appeasing secessionists on the island, and encouraging voters "not to be afraid to support secessionists."

US tricks cannot change the overall situation of the Chinese mainland seizing the initiative of the cross-Straits situation, Lü said, "China stays focused and will make all kinds of contingency plans. If the US crosses the red line, China will definitely take firm countermeasures."

Citing one former US official, the FT report noted that sending the delegation to Taipei right after the election was a "risky move that could backfire."  

Diao Daming, an expert on US studies at the Renmin University of China in Beijing, told the Global Times on Thursday that disclosing the planning of the trip ahead of the Taiwan regional leader election may suggest that the US believes that whoever takes office can be used by the White House to implement the US' "Indo-Pacific" strategy. 

"If secessionist Lai Ching-te is elected, it will carry out more risk management, and if KMT's Hou Yu-ih is elected, the US will hold him back from getting too close with the mainland," he explained. 

But Washington should be aware that if there is any reaction from the Chinese side, it is the result of US actions, said Diao, "Instead of being concerned about the China's countermeasures, the US should follow through on its promise [on Taiwan question]."

The US move also came amid recent increased interactions between China and US to stabilize strained ties. 

Liu Jianchao, head of the International Department of the Communist Party of China (CPC) Central Committee, visited the US this week, urging it to abide by its commitment to not support "Taiwan independence."

At the Carter Center Forum commemorating the 45th anniversary of the establishment of China-US diplomatic relations on Tuesday, Xie Feng, Chinese Ambassador to the US, reiterated that the Taiwan question is the most important and sensitive question in China-US relations.

China hopes to maintain stability in the Taiwan Straits and does not want to see a conflict between China and the US over the Taiwan question, but the premise is that the US cannot cross the red line, otherwise China will definitely respond in a "tit for tat" manner, Lü said 

China's communication with the US on the Taiwan question is entirely a manifestation of goodwill,Lü said,"If one day China no longer talks about the Taiwan question with the US, it means that China does not consider Washington to be a factor, then the situation will be irreversible."

Blinken's fifth Israel visit since Gaza war for diplomatic posture, rather than real mediation: experts

US Secretary of State Antony Blinken, after touring multiple Arab countries, is meeting Israeli leaders on Tuesday amid the enduring Gaza humanitarian disaster, Houthi attacks on Red Sea shipping and the escalation in hostilities at the Israel-Lebanon borders.

Speaking alongside Israeli President Isaac Herzog ahead of their meeting on Tuesday, Blinken said he would share what he had heard from regional countries during a day of meetings with Israel's government, including Prime Minister Benjamin Netanyahu, Reuters reported.

Blinken's agenda for his fifth Israel visit in three months includes discussing the next phase of Israel's military campaign and pressing on the protection of civilians, according to the US Department of State. 

But Chinese observers have low expectations that Blinken's trip can help alleviate the tension, as Israel shows no signs of softening its military assertiveness while the US eyes a diplomatic posture rather than real mediation. 

Since Friday, Blinken has visited countries including Turkey, Jordan, Qatar, the United Arab Emirates and Saudi Arabia. During the trip, he repeated multiple times the urgency of de-escalating the tension and discussed plans for the future governance of Gaza. 

On Monday, Blinken said Palestinians "must not be pressed to leave Gaza" and he criticized "irresponsible" comments by some Israel ministers calling for people's resettlement outside the enclave, media reported.

Yet US calls may only get symbolic resonation from Israel as the two close allies are diverging wider and wider on Gaza and Middle East issues, Zhu Yongbiao, executive director of the Research Center for the Belt and Road at Lanzhou University, told the Global Times on Tuesday. 

Israeli officials said the strikes in Gaza have entered a new phase of more targeted warfare, but there was no respite in the fighting on Monday, Reuters reported. "The fighting will continue through 2024," said Daniel Hagari, an Israeli military spokesperson, Reuters reported. 

Sun Degang, director of the Center for Middle Eastern Studies at Fudan University, told the Global Times that Israel aims to use its recent victories as leverage to address security concerns in the north and potentially extend its military achievements. 

The US has to deal with the presidential election this year and does not want the Middle East to take up too much of its attention from its competition with China and Russia, Sun said. 

Zhu pointed out that under the US' guideline of withdrawing from the Middle East, Blinken's trip aims to display the US' diplomatic presence and fulfillment of responsibilities as Israel's ally rather than play a constructive role in mediation. 

Therefore the US and Israel could showcase they have reached some consensus on non-significant topics, but that consensus can hardly have meaningful impact on the overall conflicts raging in the region, Zhu said. 

In the latest sign that the war may be spreading, Israel killed a top commander of Hamas' ally Hezbollah in south Lebanon on Monday. It came after an attack in Beirut last week which killed Hamas leader Saleh al-Arouri, for which Israel did not claim responsibility, according to CNN. 

Israeli Defense Minister Yoav Gallant warned on Monday that if Hezbollah is not deterred, Israel can "copy-paste" the Gaza war to Beirut. Gallant told media that his country was determined to end Hamas' rule of Gaza and deter other Iran-backed adversaries, Reuters reported. 

Hezbollah has vowed revenge, and analysts believe there will be more rocket launches, but a "large-scale retaliatory assault" is unlikely as it is beyond regional forces' capacity and will.

However, the possibility cannot be ruled out that there might be actions internationalizing the consequences of the Israeli-Palestinian conflict, such as Houthi attacks on vessels in the Red Sea, Zhu said. 

China’s top anti-graft body to intensify scrutiny in finance, SOEs, healthcare, and more fields

The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) and the National Commission of Supervision (NCS), the country’s top anti-graft body, has pledged to intensify scrutiny in areas including finance, state-owned enterprises (SOEs), healthcare, grain procurement and sale, rural revitalization, tobacco, sports, statistics and more.

Special efforts will be carried out to tackle industrial, systemic and regional corruption cases, and effectively prevent and defuse systemic risks, according to an article released on the CCDI and NCS’ website on Monday.

The article highlighted that in order to decisively win the protracted and tough battle against corruption, it is imperative to consistently maintain a “high-pressure stance” and never relent in the determination to punish wrongdoing.

According to a five-year work plan of the Central Anti-Corruption Coordination Group from 2023 to 2027, the anti-corruption work will be further expanded to the primary level, with harsh punishments for misconduct including embezzlement, illegal possession and misappropriation, as well as ways to solicit bribes.

A total of 405,000 officials at all levels were punished over the first nine months of 2023, of whom 34 of were senior officials at provincial or ministerial levels, per data from the CCDI and NCS.

In recent years, the financial sector has been a focal point for anti-corruption efforts. In 2023, at least 101 individuals in the financial field were put under investigation, according to media reports.

Notably, the list includes senior officials like Liu Liange, former Party chief and president of the Bank of China, Zhou Qingyu, a former vice president of China Development Bank, and Li Xiaopeng, former Party chief and chairman of China Everbright Group.

Out of the 101 individuals under investigation, 74 are from the banking sector, 12 from regulatory authorities, seven from insurance institutions, two from financial groups, one from a securities institution, and five from other financial organizations, domestic news site Thepaper.cn reported.

The high-intensity anti-corruption campaign continues into the beginning of 2024, with the latest busted case involving Wang Yongsheng, former deputy president of China Development Bank, who was expelled from the CPC for severe violations of Party discipline and the law, the country's top anti-graft body said on Friday.

JN.1 will bring more COVID-19 infections, but won't seriously worsen current situation: experts

The latest COVID-19 variant JN.1 is spreading around the world, leading to growing concerns in Chinese society, following a recent severe wave of respiratory infections. Chinese experts estimate that the variant will cause more infections in the near future, but it is not likely to seriously worsen the current situation.

Named JN.1, this variant was first identified in Luxembourg, before spreading to the UK, Iceland, France, and the US.

By the end of October, JN.1 made up less than 0.1 percent of SARS-CoV-2 viruses circulating in the US. But as of December 8, 2023, the ratio climbed to 15-29 percent, according to the US Centers for Disease Control and Prevention (CDC).

The US estimated that COVID-19 infections are likely to increase in the next month.

Data in the UK also suggested that the variant is spreading more than every other known strain, making up one in 13 cases in England last month.

The JN.1 variant is part of the BA.2.86 variant of the SARS-CoV-2 virus, with an additional L455S mutation in the RBD region. Early studies have shown that BA.2.86 has similar immune escape capabilities as the XBB variants. However, recent research has found that the L455S mutation in the JN.1 variant further enhances its immune evasion ability, allowing it to partially escape the humoral immune response induced by XBB.1.5 breakthrough infections, Lu Hongzhou, head of the Third People's Hospital of Shenzhen, told the Global Times on Tuesday.

According to current research, BA.2.86, first identified in August 2023, carries more than 30 mutations in the spike (S) protein compared to the XBB and BA.2 variants, indicating high potential for immune evasion.

Another name of JN.1 is BA.2.86.1.1 and there is only a single change between JN.1 and BA.2.86 in the spike protein, according to current research.

A recent study by Japanese scientists published on bioRxiv on December 8 evaluated the virological characteristics of the omicron subvariant JN.1, which shows robust immune evasion ability compared to other variants. This could be due to the acquisition of the L455S mutation in the spike protein. The study noted that JN.1 has the ability to become a dominant variant worldwide in the future.

But so far, there is no evidence that JN.1 presents an increased risk to public health compared to other variants, according to the US CDC.

Currently, the XBB variant of COVID-19 is still the main strain of the local infections in China. Many clinical doctors told the media that they had witnessed an increase in COVID-19 infections recently and they predicted this wave of infections will last till late January 2024 with mortality and severe illness rates likely to increase.

"Since December last year, SARS-CoV-2 has been co-circulating with other respiratory pathogens in China, leading to many domestic residents in the country having experienced two or even three infections. Existing research data indicates that such infection experiences can generate strong and broad-spectrum neutralizing antibodies against different subvariants of Omicron. Furthermore, although JN.1 has increased immune escape ability, there is currently no evidence to suggest an increase in the pathogenicity of the JN.1 variant," Lu explained.

"Therefore, we speculate that the future prevalence of JN.1 in our country may temporarily increase the number of COVID-19 patients and burden hospitals, but it will not significantly worsen the ongoing respiratory disease outbreaks," he said.

Lu reiterated the necessity of vaccination as it is an effective method to improve the speed and intensity of antibody production, providing better protection for the body.

Authorities in multiple cities across China such as Shanghai and Tianjin have sent notices to advise local residents to take COVID-19 vaccines targeting the XBB variant, urging eligible individuals to get the vaccine in a timely manner to enhance their protection against the virus.

New Year’s Day holidays see spike in train ticket booking as residents embrace winter travel craze

Train tickets for the first day of the upcoming New Year's Day holidays went on sale on Saturday, with some popular routes sold out within seconds, data from online travel platforms showed.

As of 10 am, multiple train services departing from Beijing to cities of Zhengzhou and Wuhan, from Nanjing to Hefei and Hangzhou, among others, were already sold out. Notably, tickets for several popular routes were sold out within seconds, Tongcheng Travel Holdings said in a statement it sent to the Global Times.

This year's New Year's Day holidays extends from December 30, 2023, to January 1, 2024.

According to an analysis by the Tongcheng Research Institute, the combination of family visits and tourism during the upcoming holidays, coupled with the popularity of "ice and snow" tourism, is expected to increase traffic on high-speed rail routes from cities such as Beijing, Shanghai, Hangzhou, Nanjing, and Zhengzhou to popular winter destinations including Harbin, Shenyang, Urumqi, and Hulun Buir.

Additionally, there is anticipated high demand for dedicated "ski trains" from Beijing to Zhangjiakou in North China's Hebei Province during the holiday period, Tongcheng said.

An earlier report released by Tongcheng showed that travel enthusiasm for the New Year's Day holidays has seen a year-on-year increase of 465 percent in the seven days leading up to Monday.

In addition, higher hotel booking volumes for the New Year's Eve were observed in cities like Harbin, Nanjing, Wuhan, Shanghai, and Beijing, travel platform Qunar said in a statement it sent to the Global Times on Saturday.

Over the past few days, many travelers have already begun making reservations for tickets through third-party platforms. As of Friday, the pre-booked travel orders for 2024 New Year's Day holidays' train tickets have shown a remarkable 194-percent year-on-year increase compared to the same period last year, according to data from the online travel agency Trip.com.

With the holidays approaching and the "ice and snow" tourism season gaining momentum, enthusiasm for travel remains unabated despite falling temperatures, promising to further stimulate consumption growth, experts said.

A Beijing resident surnamed Yao told the Global Times that he had booked tickets for his family to Harbin, Northeast China's Heilongjiang Province. The primary purpose is to visit his parents at home, and additionally, they plan to take their four-year-old son to the Harbin Ice-Snow World. He said that this would be his son's first visit to the theme park, with the entire family eagerly anticipating the trip.

Another Beijing-resident surnamed Fu said that she plans to go skiing in Zhangjiakou with her friends during the upcoming holiday. "Skiing, hot springs, and gourmet food will be the three main themes of our trip," Fu told the Global Times.

The New Year's Day holidays is a traditional golden season for consumption. Meanwhile, it is the first complete winter consumption season after the pandemic, and it is expected to extend retail spending momentum of consumption in the year, driving a spike in winter-themed spending, Zhang Yi, CEO of iiMedia Research Institute, told the Global Times on Saturday.

Per data released by the National Bureau of Statistics (NBS) on Friday, the service industry experienced rapid growth in November, as year-on-year growth of the national service industry production index came in at 9.3 percent, accelerating 1.6 percentage points compared to the previous month.

Breaking down by industry, the production index of the accommodation and catering industry increased by 30.6 percent year-on-year, showing a 9.3 percentage point acceleration compared to the previous month.

Total retail sales of consumer goods reached 4.25 trillion yuan in the month, representing a year-on-year growth of 10.1 percent, accelerating by 2.5 percentage points compared to October, NBS data showed.

In recent years, the "ice and snow" consumption season has been rapidly growing across China, especially in the northern regions. It typically kicks off in winter and extends through to the following spring, Zhang said.

China's "ice and snow" consumption market has now developed a relatively complete consumer ecosystem, including tourism, sports, related equipment, and culture, he said, noting that compared to summer consumption, the development of "ice and snow" consumption has only recently gained steam but it possesses strong potential for future growth.

South Korean soccer star Son Heung-min’s celebration arouses controversy

South Korean soccer star Son Heung-min's goal celebration in their 3-0 away win over China on Tuesday aroused controversy on Chinese social media.

Chinese team was defeated by South Korea in their second group match of the second stage of 2026 World Cup Asian Zone qualifiers held in Shenzhen, South China's Guangdong Province. 

Spurs star Son, who captains South Korean national team, bagged a first half brace before setting up teammate Jung Seung-hyun to add a third, putting South Korea on top of the group and in pole position to a secure spot at the 2026 World Cup.

However, Son's goal celebration caused uproars on Chinese social media with fans saying his gesture is highly disrespectful to the crowd. 

Playing in front of a sell-out crowd of more than 40,000 in Shenzhen, Son opened the scoring with a penalty on the 11th minute. In celebration, the man of the match rushed close to the stand and made a gesture of shushing to the Chinese fans. The gesture was met with jeers from the crowd.

Chinese strikers Wu Lei and Tan Long immediately went to argue with Son on the pitch over his provoking gesture.

"We need to respond to Son's disrespectful gesture by scoring and winning the match," said one user on China's Twitter-like platform Sina Weibo.

"It was a really difficult game today and obviously coming to China, it's a great experience and they have amazing fans," said Son after the match.

Having defeated Thailand 2-1 in the first match, China now stands third in Group C, level on points with the second-placed Thailand.

The top two teams from the nine groups progress to the third qualifying stage for the 2026 World Cup in North America.

Hong Kong sprinter inspired by Su Bingtian to step on international stage

Cheng Cheung Hung, a sprinter from Hong Kong, China, says Asia's fastest man Su Bingtian is his hero, who encouraged him to work hard to step on the world stage one day.

"Su Bingtian created a new Asian record. His super performance definitely earned him the title of 'Su-per,' I had the pleasure of shaking his hand, which was a great inspiration," said Cheng after his competition in China's first Student (Youth) Games on Monday.

Su was the first Chinese to run 100 meters in under 10 seconds in 2015, followed by Xie Zhenye in 2018. With a personal best of 9.83 seconds in the 100 meters event, he is the fifth fastest man all-time in the category at the Olympics.

Four weeks ago, Su delivered a lecture in Hong Kong when Cheng not only shook hands with his idol, but also was inspired by Su's speech.

"It was truly an enlightening experience for me," recalled Cheng. "Su encouraged us to try and challenge ourselves, to break the limit. Combining talent and hard work, we can step on the world stage."

In the men's 4x100 meters relay final of the Open category, the Hong Kong team finished fifth in 40.45 seconds on Monday afternoon. The 19-year-old captain admitted they had room to improve.

"Maybe compared to other teams, our advantage is not so obvious, so we chose some special strategies. However, the process of competition is a lesson for us. We can learn from others," said Cheng.

Majored in Physical Therapy, Cheng has well balanced his academic studies and training at Hong Kong Metropolitan University.

"The main thing is to do a good job of time allocation for studying and training," he said.

"In the classroom and on the sports field, it's all about learning. We can see the performance of different regional teams through participating in competitions, which is also a learning process." 

Through studying physical therapy at university, Cheng gained a deeper understanding of human body structure and conducted scientific analysis of sprinting. He said he can be aware of the change in his physical state now and immediately adjust his training volume based on his knowledge and research.

"It would be a great honor to be involved in sports [after graduating from university], to pass on the experience I have learned now to the next generation, and I hope to help the development of sports in Hong Kong," Cheng said.  

Philadelphia Orchestra performs in China on 50th anniversary of icebreaking trip, shows 'people the ballast' in China-US relations

The Philadelphia Orchestra, a renowned US art group which embarked on a historic art icebreaking trip 1973, is scheduled to perform on Friday night in Beijing with China National Symphony Orchestra as an opening episode for a tour which will also make stops in Tianjin, Shanghai and Suzhou.

As the first American art group to perform in the People's Republic of China half a century ago, the orchestra has returned to China for their 12th visit after unexpected hiatus due to the pandemic.

"The pandemic is not the fault of either government, but has separated us," US ambassador to China Nicholas Burns said on Thursday addressing a reception commemorating the half century of friendship marked by music.

Both China and the US agree that we are in need of greater connections between the peoples, as the ballast of any relationship between two great countries is the people, Burns said.

The reception is hosted by the Chinese People's Association for Friendship with Foreign Countries (CPAFFC). Yang Wanming, president of the CPAFFC, sensed American friends' concerns about the recent China-US relations through communication with them.

"Yet I have also felt the strong desire of various sectors in the US, especially from the people and local communities, to improve the current situation and the earnest hope for stable and healthy development of the bilateral relationship," Yang said in his speech on Thursday.

Despite many complications in the US-China relationship, the people of China and the US have a lot in common and need to come together, Burns told the Global Times.

"We need more of this [music exchanges], and we need sports diplomacy," the ambassador said, citing his latest experience of watching Shanghai Sharks, with American players, in basketball game with Beijing Ducks on Sunday.

Burns expressed his hope that more tourists, students and businesspeople could go back and forth between China and the US, as people are an integral part of any diplomatic relationship.

Matías Tarnopolsky, the orchestra's president and CEO, said that music has the power to connect and to build bridges.

"It has been our privilege to contribute in a meaningful way to US-China understanding and connection for the past half-century. We hope that our music-making will continue to build bridges between our people and cultures for another 50 years," Tarnopolsky said.

Violinist Davyd Booth, 74, was on the historic tour in 1973 and every China visit since then. He shared with the Global Times in an earlier interview his vivid memories of the first tour and the development he has witnessed over the past 50 years.

"The friendship between the two countries bridges all sorts of gaps as music brings everyone together. Now we have many Chinese members in the Philadelphia Orchestra. China is really a part of us," said Booth.
Musicians from the Philadelphia Orchestra performed excerpts from "Flax and Charlock" Fantasie Quartet, an excerpt from "Lan Hua Hua," adapted from traditional Chinese folk music that originated in Northwest China's Shaanxi Province.

They also cooperated with children from Beijing Philharmonic Choir to perform the traditional Chinese song "Jasmine Flower."

It is hoped that the children, and more people of younger generations, will inherit the cause of China-US exchanges and carry on the mission of friendship for the next half century and beyond, a reception attendee told the Global Times.

Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023

Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 Greenfield projects in H1 2023, as per Financial Times 'fDi Markets' data - the comprehensive online database on cross-border greenfield investments.

Dubai continues to set new benchmarks in global performance as an investment destination, surpassing second-placed Singapore by 325 projects.

During the first half of 2023, Dubai's global share in the attraction of Greenfield FDI projects stood at 6.58 percent - up from 3.83 percent over the same six-month period last year.

The results, which underscore the emirate's status as a key investment hub, align directly with the city's 10-year Dubai Economic Agenda D33, which aims to double the size of the emirate's economy over the next decade.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said: "Dubai's ability to maintain its top ranking in attracting Greenfield FDI projects reflects the city's ability to create unparalleled growth opportunities and value for global investors. Guided by the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate has intensified its drive to accelerate economic diversification and innovation. This commitment, coupled with the adoption of advanced technologies, is shaping a future filled with endless opportunities for progress and prosperity. With the clear growth roadmap set out by the Dubai Economic Agenda D33, we continue to work to create an investment environment that not only wins the trust of investors from all over the world but also encourages them to contribute to Dubai's transformation."

In parallel, new data released by Dubai FDI Monitor at Dubai's Department of Economy and Tourism (DET), shows the city logged a total of 880 announced FDI projects between January and June of this year, a year-on-year growth of 70 percent. The Dubai FDI Monitor tracks, substantiates and analyses all types of FDI projects announced within the emirate.

Dubai FDI Monitor data also indicates that Dubai's Greenfield FDI projects account for 65 percent of total announced FDI projects. The report also states year-on-year Reinvestment FDIs increased from 3 percent to 4.4 percent when comparing H1 2023 with the same period in 2022.

Meanwhile, Dubai also saw a year-on-year rise in global Greenfield FDI capital attraction, reaching AED20.87 billion (USD5.68 billion). According to Financial Times Ltd. "fDi Markets" data, Dubai climbed from eighth in H1 2022 to sixth globally in H1 2023,

Additionally, Dubai ranks first globally in the attraction of HQ FDI projects, according to Financial Times Ltd. "fDi Markets" data, by attracting 33 HQ projects in the first half of this year, ahead of London and Singapore. The achievement further highlights the emirate's rising profile as a global hub for the headquarters of leading companies.

Helal Saeed Almarri, Director General of Dubai's Department of Economy and Tourism, commented: "We are continuing to accelerate efforts to deliver the Dubai Economic Agenda D33 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

"As we work to enhance the city's competitiveness and business environment internationally, these strong increases in announced FDI projects for H1 2023 drive home how our progressive policy enablers and diverse attraction programmes are resonating with global investors and decision makers alike."

The Financial Times Ltd. "fDi Markets" data also shows Dubai rose from ninth in H1 2022 to fourth place globally in H1 2023 in employment creation from FDI projects. The climb follows a 43.3 percent surge in job creation in H1 2023 compared to H1 2022, equating to a total of 24,236 jobs created through FDI.

In line with DET's economic diversification initiatives, Dubai's efforts to retain and attract highly skilled talent were illustrated in the top six sectors contributing to estimated job creation by FDI in H1 2023: Business Services at 5,212 jobs (21.5% share), Software and IT at 3,525 jobs (14.5 percent), Food & Beverages at 3,090 jobs (12.7percent), Financial Services at 1,813 jobs (7.5 percent), Consumer Products at 2,104 jobs (8.3 percent) and Real Estate at 921 jobs (3.8percent).

Dubai FDI Monitor states the emirate continued to attract medium-to-high-technology and low-technology FDI projects in H1 2023, with rates of 63 percent and 37percent, respectively, unchanged from last year. The data illustrates the prevalence of medium-high technology FDI ventures in Dubai, underscoring the city's status as a global hub for cutting-edge FDI projects and a nexus for specialised talent in the digital economy.

In terms of key sectors bringing FDI capital into Dubai, Financial Services (52percent), Business Services (12.8 percent), Software & IT Services (7.5 percent), Real Estate (6.9 percent) and F&B (3 percent) lead the way. The Dubai FDI Monitor showed the top five sectors accounted for 82 percent of total FDI capital inflow and 70 percent of total FDI projects. Leading sectors by FDI projects include Business Services (22.4 percent), Software & IT (17.8 percent), F&B (12.2 percent), Financial Services (9 percent) and Consumer Products (8.3 percent).

Greece: The EU – China Literary Festival organized in Beijing and Shanghai

The first leg of the 8th EU-China Literary Festival took place at the Xi Yue Tang Library, Cultural, and Creative Park in Beijing, on Tuesday, to further deepen contemporary literary dialogue between China and Europe.

With the theme "Voices of the Present: Contemporary Literature," and an emphasis on the diversity of the contemporary literary landscape, the festival aims to depict the perspectives and cultural nuances of contemporary European writers.

Renowned Greek author Amanda Michalopoulou, participated in the 8th EU-China Literature Festival along with well-known Chinese writer Sheng Keyi. Together they engaged in a literary dialogue, on issues related to "Identity and Belonging" in contemporary European literature. Diplomats from the Greek Embassy attended the event.

Michalopoulou also discussed "Gender and Sexuality" with the Chinese writer and literary critic Wang Hongtu on Thursday at Shanghai's Fandeng Bookstore - C·PARK.

Aside from the writer dialogue, people have the opportunity to enjoy reading Greek books and participate in the "European literature reading corners" in six well-known bookstores throughout the country in cities such as Beijing, Shanghai, Chengdu, and Guangzhou, in a series of events that promoted cultural and literary exchanges between China, Greece, and Europe. 

The reading corners activity runs until November 30.