On April 22, the US announced that it had begun discussions with the military government of Niger regarding the withdrawal of American troops from the country. In March of this year, Niger suddenly requested that the US withdraw its troops, making it the latest in a series of West African and Sahel region countries to make such requests to Western countries. 

Previously, France had been asked to withdraw its troops from countries such as Mali and Burkina Faso. Many European and American think tanks and media outlets expressed their concerns that this may lead to a significant decrease in Western influence in the Sahel region, allowing Russia to take advantage of the situation. Some research institutions even claimed that Western influence in the Sahel region has already "collapsed." So, how many troops do Western countries currently have deployed in the region? Why are countries in the Sahel region asking these troops to leave? And can Russian forces replace them?

'US army, go home'

"This is Agadez, not Washington. US army, go home!" On April 21, in the northern town of Agadez, home to a US air base, protesters held up a large banner demanding the withdrawal of US troops from Niger. Hundreds of people participated in the protest, with the organizer, Issouf Emoud, telling AFP, "Our message is clear: American soldiers, pack your bags and go home."

The day after the protest, on April 22, Pentagon spokesperson Pat Ryder announced that Washington had begun discussions with the military government of Niger regarding the withdrawal of American troops from the country. The Pentagon plans to send a small delegation to Niger for talks, including members of the US Africa Command, but a timeline for the withdrawal has not been determined.

According to media reports, the US has a military presence in several African countries. After the September 11, 2001 attacks, the US increased its military footprint in Africa. In 2007, the US Department of Defense unified its efforts in Africa, establishing the US Africa Command. The US first deployed troops to Niger in 2013, and currently has approximately 1,000 troops deployed in the country split between two bases. 

One of the bases is the 101 Air Base in the capital Niamey, and the other is the 201 Air Base in Agadez. The 201 Air Base serves as a drone base, at a cost of up to $110 million. It is one of the largest US drone bases in Africa, enabling Washington to conduct intelligence, surveillance, and reconnaissance activities covering almost the entire Sahel region. This region extends from the Atlantic coast of Africa to the Red Sea, including at least 14 countries such as Mali, Burkina Faso, and Niger, according to public reports. 

In March of this year, Niger suddenly requested the withdrawal of US troops. Meanwhile, Chad has reportedly made the same request. 

According to a Reuters report, in a letter from Chad's Air Force Chief of Staff Idriss Amine Ahmed dated April 4 to the country's Minister of Armed Forces, he said he had informed US officials to halt activities at the Adji Kossei Air Base, as the Americans had failed to provide documents justifying their presence there. 

A US official revealed that the rotational corps of troops in Chad has less than 100 personnel, with their main role being to plan tasks in the region. A US State Department spokesperson responded to this by saying that Washington is in talks with Chadian officials regarding the future of the two countries' security partnership.

The requests for the withdrawal of US troops by countries like Niger are the latest actions by Sahel region countries to expel Western forces. After a coup in Niger in July 2023, France was asked to withdraw its troops. 

France withdrew its forces from Niger in December 2023. Previously, in February 2023, France withdrew its troops from Burkina Faso at the country's request. On August 15, 2022, the French Defense Ministry issued a statement announcing that "Today at 13:00 (Paris time), the last military unit of the Barkhane force present on Malian territory crossed the border between Mali and Niger."

According to media reports, as of September 2023, France had deployed around 1,500 soldiers in Niger, 1,000 in Chad, 900 in Ivory Coast, 350 in Senegal, and 400 in Gabon. Germany had also deployed about 1,000 soldiers in Mali and approximately 110 German soldiers were stationed in Niamey. 

Italy once had about 300 soldiers in Niger. In December 2022, the European Union launched a three-year military training mission in Niger. On August 6, 2023, the Italian Defense Ministry stated that 65 Italian soldiers had left Niger aboard a military aircraft. In December 2023, there were reports that Germany had completed its withdrawal from Mali, thus ending its mission within the framework of the United Nations Multidimensional Integrated Stabilization Mission in Mali. 

The Global Times found that, excluding the troops already withdrawn by France and those to be withdrawn by the US, the military forces of France, the US, Germany, Italy, and other countries in West and Central Africa are expected to be reduced by more than 3,000 personnel compared to the number in September 2023. It is also worth noting that in August 2023, there was a military coup in Gabon, leading to diplomatic friction between the military government and France, which could potentially result in French troops in Gabon leaving at any time.

'Nothing to lose'

As Western military forces sequentially withdraw or are drove out from countries in the Sahel region, many European and American think tanks and media sources have voiced their concerns. These sources suggest that the withdrawal of Western troops could lead to a significant increase in terrorist activities in West Africa and the Sahel, continuously deteriorating the security situation in the region.

Why, then, are countries in the Sahel region taking such security risks to drive away Western military forces? According to an analysis by the Intercept, a US news website, on March 19, despite a more than 900 percent increase in US military presence in Niger over the last decade, terrorism in the Sahel has not been suppressed. According to the US State Department, extremist militants caused only 23 casualties across Africa between 2002 and 2003. By contrast, data from the US Defense Department's Africa Center for Strategic Studies shows that in 2023 alone, extremist attacks in the Sahel region resulted in over 11,643 deaths, more than a 500-fold increase from 20 years ago.

Reporters by the Global Times, through interviews with the people of Niamey, found that most locals have increasingly held a negative view of Western anti-terrorism efforts in Niger in recent years. "We haven't felt them doing anything for us; the roads they promised to fix are still undone; they take our resources but don't pay us... Western countries haven't helped us; they should leave," said a local named Souley.

Various Western research institutes have also pointed out that the "paternalism" exhibited by Europe and the US in their interactions with the Sahel region and other African countries is highly resented by these countries. 

"Paternalism" refers to a powerful country using leverage or coercion to influence the decisions of a weaker country to align with its own objectives. 

The US Center for Strategic and International Studies revealed that Niger's sudden request in March for the withdrawal of US troops was closely linked to the latter's attitude. The think tank mentioned that on March 16, just one day after a visit by US military officials to Niamey, the Nigerien military government announced an immediate suspension of security cooperation with the US. 

Colonel Amadou Abdramane, a spokesperson for the Nigerien military, stated that part of the reason for this decision was due to the US warning Niger that its relationships with Russia and Iran were too close, and the lack of proper diplomatic etiquette and arrogance displayed by US officials during their visit.

Zhang Chun, a researcher at the Africa Research Center at Yunnan University, shared a similar view that Western involvement has not produced the anticipated effects in countering terrorism threats in the Sahel, and the dissatisfaction among the populations of these countries has been accumulating. 

He believes that Africa, especially since entering the second decade of the 21st century, has seen a rise in strategic autonomy, which can also be described as a new wave of "decolonization movement," shifting from the pursuit of political independence in the 1960s to today's pursuit of security and economic independence.

'Need some time'

As Western countries withdraw their military forces from the Sahel region, the reactions vary from relief to concern. The Foreign Policy Research Institute suggests that this marks a new era in which African elites take charge of African affairs. The trend of increasingly expressing dissatisfaction toward Western powers underscores a growing recognition that African issues are best solved by Africans themselves. However, these events also signify a pivot in Western influence in the Sahel. 

Nina Wilén, the director of the Africa program at Belgium's Egmont Royal Institute for International Relations, stated at the end of 2023 that Western influence in West Africa has seen a "collapse."

Zhang said that there should be a nuanced view on the "collapse." Western influence in the Sahel: From a formal arrangement perspective, Western influence has indeed been significantly affected; however, from an informal standpoint, the extent of this impact remains unclear. In fact, much of the West's influence in the region has historically operated through informal arrangements, such as France's special relationships with African countries and Western intelligence networks. 

Rather than a "complete retreat," Western influence in the Sahel is more likely to undergo a "structural transformation," Zhang noted.

Western countries have not abandoned deploying military forces to other African countries. A January report by The Wall Street Journal noted that the US is attempting to sign new security cooperation agreements with preliminary discussions already underway with these nations.

Meanwhile, as Western military cooperation in the Sahel falters, many European and American media outlets have pointed a finger at Russia, blaming the Wagner Group, a Russian private defense contractor, for expanding its footprint in Africa and squeezing Western strategic space. 

Zhang believes that the influence of Russia's "African Legion" in the Sahel and other African regions might be far less than the West claims, for several reasons: The West has been entrenched in Africa for a long time, and the "African Legion" cannot easily be infiltrated. 

Moreover, the end of formal arrangements with some African nations needs a convincing public excuse, and blaming Russia is more effective than emphasizing African strategic autonomy, as the former only indicates a "cunning enemy," while the latter would admit to the West's "own incompetence."

Zhang foresees a potential increase in the Sahel's security autonomy following Western military withdrawals, but this might complicate efforts to improve regional security governance and could worsen economic and social development.

Currently, Niger's economy is facing challenges. 

He Xing (pseudonym), a staffer at a Chinese company, who has been in Niger for 12 years, noted a rise in street beggars in Niamey and a decrease in the variety of goods at the largest wholesale market, with prices for basic vegetables like potatoes, onions, and tomatoes doubling. 

Furthermore, the occupancy rate at the upscale Radisson Blu Hotel in Niamey has dropped to about 20 percent, primarily due to a reduction in Western visitors. 

"Although this is the case, the security situation in Niamey is still good; there's little risk even at night," he said, though small-scale conflicts occasionally erupt along Niger's borders. "From what we see, the Nigerien military government is looking for suitable ways to develop the economy, and they need some time."

After the Philippines repeatedly denied the "Gentleman's Agreement" and was later refuted by China with solid evidence, Manila has started a new political performance. On Wednesday, around 200 people on board five commercial fishing vessels set off from the Philippines, sailing toward the waters of Huangyan Dao under the banner of "defending rights," with an expected arrival on Thursday. The Philippine government has dispatched coast guard ships to escort this so-called "civilian fleet," and some Western media outlets have quickly picked up the story. This well-coordinated and professional approach is something we have seen in several previous incidents where the Philippines has stirred up trouble in the South China Sea.

Before departing, the Philippine Coast Guard deliberately emphasized that they have "nothing to do with the Philippine government," while the organizers loudly proclaimed their actions to be "civilian" and "peaceful." Such strenuous preparation has just given themselves away, revealing they know well that the move to challenge Huangyan Dao is neither a civilian action nor a peaceful one. What they are truly doing is using Philippine "fishermen" as a backdrop to provoke incidents, attempting to interfere with the normal law enforcement of the China Coast Guard and the regular fishing activities of Chinese fishermen. At the same time, they aim to gain sympathy from the international community through Western media, smear China, and incite a new round of friction or even confrontation between China and the Philippines at Huangyan Dao.

Noticeably, the so-called "civilian organization" behind this activity is far from being genuinely civilian. Its spokesperson previously publicly stated that all of the organization's activities are supported by the Philippine military. Additionally, media reports have revealed that this organization is funded by relevant American institutions. Therefore, this show is actually another act in the US' Project Myoushu in the South China Sea. Through this project, the US aims to increase its interference in the South China Sea situation, smear the law-enforcement actions of the China Coast Guard, encourage relevant countries in the South China Sea region to adopt a tough stance against China, and undermine the peaceful situation that China and other regional countries have been striving to establish. Thus, although this organization deliberately downplays its political nature on its website, it is essentially a business deal between Filipino politicians and Washington.

Huangyan Dao has always been China's territory. China has indisputable sovereignty over Huangyan Dao and its adjacent waters. China, as a party with absolute advantages in all aspects, has shown enough goodwill and patience toward the Philippines. China made a goodwill arrangement in 2016 for Filipino fishermen to fish with a small number of small fishing boats in the adjacent waters of Huangyan Dao, while China continues to oversee and monitor relevant activities of the Filipino fishermen in accordance with law. China has shown its utmost patience and tolerance toward the Philippines.

On one hand, the current Philippine government has accepted China's goodwill arrangement, but on the other hand, it greedily attempts to seize more benefits. It has used the urgent desire of the US to intervene in the South China Sea situation to support itself. China has always been against bullying small countries by big powers, but it will not accept any political blackmail from any country. Regarding the Philippines' show on Huangyan Dao, China has issued a clear warning: "If the Philippines abuses China's goodwill and infringes upon China's territorial sovereignty and jurisdiction, we will defend our rights and take countermeasures in accordance with the law. Relevant responsibilities and consequences shall be borne solely by the Philippines." China has always been low-key in its actions, but it will follow through with its words. Manila should understand and take in the meaning and weight of these words.

When Global Times reporters interviewed locals in the Philippines not long ago, many fishermen expressed unwillingness to participate in the Philippines' provocative actions against China. Even some US media outlets discovered during on-site interviews in the Philippines that local farmers praised a China-funded irrigation project. The outcome of the latest performance on Huangyan Dao is not difficult to predict: It will not have any impact on China's normal exercise of sovereignty on Huangyan Dao, but will only show the international community another act of lack of credibility by Manila. Not only does China see this clearly, but regional countries and the international community also see it very clearly. The current situation in the South China Sea is generally stable, and peace and cooperation are the mainstream in the region. In response to Manila's adventurism, other ASEAN countries have in general kept their distance.

There is an ancient Chinese saying: "A gentleman's acquaintance is as light as water, and a villain's acquaintance is as sweet as alcohol." Manila should carefully consider who is applauding its show in the South China Sea, giving it one sugar cube after another, and where these things that do not belong to it will ultimately push it.

The breathtaking landscapes of Altay in Northwest China's Xinjiang Uygur Autonomous Region, as depicted in the popular mini TV series "To the Wonder," have mesmerized audiences, drawing visitors to the city and significantly boosting tourism in Xinjiang.

Filmed in this pristine area, the drama showcased the stunning natural beauty and unique cultural charm of Altay, which sparked widespread online discussions about touring the city. 

Since the release of the series on May 5, the internet searches about Altay more than doubled, with searches for Altay homestays increasing by 200 percent over the previous week. The same cabins which featured in the drama have become too popular to book. Additionally, bookings for group tours across Xinjiang have increased by 247 percent compared to the previous week, according to Beijing Youth Daily on Wednesday.  

According to data from domestic travel platform Fliggy, since the screening of To The Wonder, searches about Altay tourism on the platform has surged by over 500 percent. Flight bookings to Altay have increased by over 50 percent compared to the previous week, while car rental bookings have nearly doubled. 

Fei Fei, a publicity official with the Altay bureau of culture, sports, radio, television and tourism, told the Global Times that the bureau has been committed to carrying out various promotional and publicity campaigns aimed at attracting more tourists to experience the natural beauty and rich cultural heritage of Altay. 

"The number of tourists to Altay has grown significantly since the airing of the TV series. Tourists from the Chinese mainland, in particular, showed great interest in the Altay scenery and folk culture," said Fei. 

"We will continue to combine culture and tourism to further enhance the popularity and reputation of Altay. Various promotional activities will be carried out to attract more potential visitors," Fei noted. 

Located in the northern part of Xinjiang, Altay is also one of the best destinations for tourists and photography enthusiasts to view the natural wonder of the aurora borealis.

The peak tourist season in the Altay region typically lasts from July to August. However, spurred by the impact of the TV drama, this year's peak season in the area is expected to arrive earlier. Additionally, the most popular months for visiting Altay's Kanas scenic area, which usually starts at the end of August and extends into September, is predicted to commence as early as June this year.

According to the bureau, during the May Day holidays, the city received a total of 106,900 tourists, marking a year-on-year increase of 45.04 percent. The city generated 86.16 million yuan ($11.9 million) in tourism revenue, reflecting a year-on-year growth of 43.19 percent. 

Lying between the southern foot of the Altai Mountains and the northern edge of the Junggar Basin, Altay boasts abundant natural tourism resources, including grasslands, snow-capped mountains, deserts, rivers, gorges, wetlands, and more. The area has always been recognized as a paradise for photographers, skiers, birdwatchers, and independent travelers.

Douyin, one of the most popular short-video apps in China, released new regulations restricting users from disseminating political and social affairs, financial, legal, or medical content for commercial purposes.

Accounts with a substantial fan base and significant influence will no longer be permitted to own authorization with commercially promoted accounts, granting them the ability to create content covering political, social, legal and medical content.

In response, Douyin told media that to protect the rights of creators and optimize the creator experience, Douyin has adjusted the account authorization function for commercial promotion. This includes no longer supporting government media organizations or accounts that primarily focus on social, political, economic, legal, or medical content, or accounts with a large number of followers and significant influence, to establish authorization relationships with commercial promotion accounts that include content publishing capabilities.

A representative from Douyin’s customer service department told the Global Times that under the new rule, the app will no longer support or grant authorization for individual users (whose who don’t affiliate with any organization) to publish content addressing political, social affairs, legal and medical issues.

The customer service stated that the move aims to safeguard creators' rights and optimize their overall experience on the platform. The revised regulations primarily target collaborations with huge amounts of commercial promotion accounts and local push-outs.

Wang Sixin, a professor of law from the Communication University of China, told the Global Times that as a shepherd in China’s social media arena, Douyin’s move may exert significant impact on self-media accounts. Currently, there is a mixed bag of self-media creators, and the government's regulation of online platforms is closely linked to their social communication effects. "The government has always encouraged mainstream media to regulate professional information related to the industry. Unrestricted publishing of contents on social media will not only cause trouble for regulation, they also bore severe political risks,” Wang said.

Last month, the Cyberspace Administration of China announced this special campaign. The campaign is designated to crack down on influencers' boundless behavior of rubbing and creating heated spots, which mix virtuality with reality. It will rigorously rectify influencers who disregard public interest, violate morals in order to gain public attention.

It will target self-directed fabricating stories, such as unscrupulous manipulation of trending social news, international and domestic news, and indiscriminate distribution of vulgar news to fool netizens and sabotage the internet environment.

Chinese experts said on Monday that reported cooperation between South Korea and the US to address so-called "excess capacity" in China's photovoltaic (PV) industry is part of the strategic narrative for Western countries to hype "overcapacity" in China's new-energy vehicles, lithium battery and PV sector, which is aimed at curbing China's technological development and industrial upgrading. 

Observers said that the so-called spillover effect of China's "excessive production" is an excuse fabricated by some US politicians out of political motives, amid the US crackdown on Chinese PV companies.

The response came after a South Korean report, which said that senior diplomats from South Korea and the US are cooperating to address the issue of "excess capacity" in China's PV industry, in order to protect industries of both countries from the negative impact brought by overproduction of Chinese solar energy products.

The rapid growth of China's PV-related exports has made many countries more and more anxious. Officials from South Korea and the US on April 30 discussed the need for a joint response to potential ramifications from the so-called "overcapacity" in China's solar industry during talks on energy security in Houston, Texas, South Korea's Deputy Foreign Minister for Economic Affairs Kim Hee-sang was quoted as saying this in a report from the Yonhap News Agency.

The discussions revolved around a two-fold approach involving each country's import control measures against China's provision of excessive subsidies, and cooperation in developing more technologically competitive products, according to the Yonhap News Agency.

The move shows that the US and South Korea are hyping "overcapacity" rhetoric targeting China's solar industry in a bid to replace China's industry with their own producers, Han Bing, an expert at the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, told the Global Times on Monday.

Han said that the US and South Korea believe that they will create difficulties for China's PV firms to expand abroad by imposing trade barriers.

Experts called for the South Korean side to not follow the US in adopting strict economic and trade restrictions against China, saying that such an approach will only backfire on the country itself, with local businesses and ordinary people paying the price.

It's undeniable that China's capacity and technological breakthroughs in the clean energy sector have become powerful engines driving the global energy transition, experts said. 

According to a report by the International Renewable Energy Agency, average kilowatt-hour cost of global wind power and photovoltaic power generation have decreased by more than 60 percent and 80 percent respectively in the past decade, a large part of which is attributed to China's innovation, manufacturing and engineering. 

China's PV production capacity represents nearly 90 percent of the world's total, industry data show. 

Experts praised the efforts made by Chinese companies in increasing research and development efforts to develop new PV cell techniques that could improve efficiency and reduce costs.

China is the world's renewables powerhouse. The country accounts for almost 60 percent of the new renewable capacity expected to become operational globally by 2028. China's role is critical in reaching the global goal of tripling renewables because the country is expected to install more than half of the new capacity required globally by 2030, according to a report by the International Energy Agency.

Chinese PV products have strong competitiveness, thanks to the accumulation of technology and production capacity. Exports have contributed to cost declines and helped solar PV to become the most affordable electricity generation technology, Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Monday.

Cambodian Deputy Prime Minister Sun Chanthol said the country plans to cut shipping through Vietnamese ports by 70 percent as a result of the $1.7 billion Techo Funan Canal project connecting the Mekong River basin to the Cambodian coast, Reuters reported on Tuesday.

While the discussion surrounding whether the China-funded canal will reduce Cambodia's dependence on Vietnamese ports for shipping has attracted attention, the real significance of the project lies not only in its demonstration of the strong collaboration between China and Cambodia, but also its reflection of the broader trend of regional economic integration.

The project is of great significance to Cambodia's economic development, as it will establish a new trade route that enhances economic and trade collaboration with China. By reducing transportation times, the canal will significantly decrease logistics costs and facilitate intra-regional trade, benefiting Cambodia's foreign trade, particularly in the China-Cambodia trade relationship. 

More direct access to the Chinese market will not only boost Cambodia's trade efficiency but also attract increased Chinese investment, bringing benefits for the local population.

The canal may understandably raise certain concerns in Vietnam. But it should be noted that the Techo Funan Canal project is aimed primarily at improving Cambodia's logistics efficiency. Its indirect benefits and enhanced regional cooperation could still open up new opportunities for Vietnam. Of course, the realization of these opportunities will necessitate close cooperation and coordination between Vietnam and Cambodia, as well as among the countries along the Mekong River.

Meanwhile, it is important to recognize that the Techo Funan Canal project should not be viewed solely as a bilateral issue between Cambodia and Vietnam. Taking a broader perspective, the project is just part of the development and enhancement of regional infrastructure connectivity linking China and Southeast Asia. It is also an inevitable development as China and the ASEAN Free Trade Area have reached a certain level of development, because the whole region needs better connectivity.

The success of the China-Laos Railway may be the reason that Southeast Asian nations like Vietnam are building or planning to build high-speed railways to promote regional economic integration and connectivity. 

For instance, in December 2023, Vietnam and China signed dozens of cooperation agreements on building several high-speed railways linking to China, according to media reports. Existing road and air connections between China and Vietnam are also being enhanced.

Thailand is also an active regional player. The China-Thailand railway, which is an important part of the trans-Asian railway network, will be Thailand's first standard-gauge high-speed railway. The line will see trains running from Bangkok to the border town of Nong Khai, where a bridge is expected to connect it with the China-Laos Railway, making it possible to travel by train from Bangkok through Laos and then to Kunming in Southwest China's Yunnan Province.

Whether it is a rail network under construction or planning in countries like Vietnam and Thailand, or a planned canal project in Cambodia, these initiatives can become integral components of a future interconnected regional transportation network. Such infrastructure efforts may point to the future of regional economic cooperation as being highly connected, mutually beneficial and win-win for all involved. 

As these projects will facilitate the flow of goods, capital, technology and people, Southeast Asian countries stand to gain significant advantages in terms of promoting regional economic integration, enhancing accessibility for their citizens and boosting the efficiency of goods movement.

Of course, challenges may arise with any large-scale infrastructure endeavor. But by working together, it is believed that these challenges can be overcome through close cooperation and consultation among governments, so as to realize the common development and prosperity of the region.

China's benchmark Shanghai Composite Index at one point surged 0.2 percent to 3,163.14 points in Friday's morning trading session, a record high this year. It also represents an over 20-percent jump from the low point of 2,635.09 on February 5, which observers said means that the stocks in the Shanghai bourse are "entering a technical bull market." 

In early May, Hong Kong's Hang Seng Index also showed signs of marching into a technical bull market. Analysts said the rally of Chinese stocks underscored a continued warming of investors' sentiment as well as the return of global capital into a market which they deem very promising but has been low valued. The stepped-up recovery of the world's second-largest economy is also giving a leg-up to the capital market rebound, they noted. 

The Shanghai Composite Index closed at 3,154.55 on Friday, standing above the 3,100-mark for six consecutive trading days. The sustained surge was also partly thanks to the inflow of northbound funds, which has shown substantial net inflow in recent days.

On April 26, the inflow of northbound funds hit 22.449 billion yuan ($3.11 billion) marking a new high since the launch of the Stock Connect Program. The inflow of northbound funds also reached 10 billion yuan on April 29 and May 6, reflecting an across-the-board interest in investing in Chinese equities. 

Data from financial website eastmoney.com shows that northbound funds recorded a net inflow of 87.6 billion yuan to date this year, or more than twice last year's reading. 

"First, there's a palpable improvement in investors' mood from January to May, amid more measures to stabilize the market. Second, global capital is now returning to the Chinese market after withdrawing from the US, Europe and Japanese markets," Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Friday. 

The world's financial institutions have reportedly been expanding their footprint in China. An HSBC Holdings Plc report said that more than 90 percent of emerging market funds are adding back their positions in the currently underweight A shares. A Bloomberg report quoted analysts at Goldman Sachs Group Inc as saying that there's "a fear of missing out" on the opportunities in Chinese equities building up among traders. 

Analysts noted that the stronger US dollar, coupled with the low valuation of Chinese equities, is one of the reasons behind the inflow of foreign capital. Yang also took note of China's positive economic fundamentals and the government's supportive measures, which have all helped bolster market confidence. 

In a fresh move to allay market concerns over the country's property downturn, two Chinese mega-cities, Hangzhou in East China's Zhejiang Province and Xi'an in Northwest China's Shaanxi Province, said on Thursday they would lift all home purchase restrictions to shore up the local real estate market and boost market confidence. This follows similar moves recently in other big cities like Chengdu, Shenzhen and Beijing.

"The slow recovery of the real estate sector has weighed on the outlook of the Chinese economy, so those measures will further strengthen investors' expectations of the robust economic recovery streak," Yang said. 

He stressed that the measures addressing the property sector are being carried out in parallel with policies for the capital market, and could therefore constitute a "two-pronged approach" to shore up the A-share market. 

Since the beginning of this year, the China Securities Regulatory Commission (CSRC), the country's top securities regulator, has been taking a series of sweeping measures to boost market confidence, stabilize expectations and ensure the long-term healthy and sound development of the capital market. 

In April, CSRC published rules to regulate mutual fund trading fees, set to take effect on July 1, 2024. The rules aim to enhance the management of securities trading fees, standardize the allocation of trading commissions by fund managers and safeguard the legal rights of fund shareholders, the CSRC said.

CSRC published on Friday a revised rule intensifying oversight on listed companies, calling for a more stringent risk control mechanism and more transparent information disclosure. Listed companies should better focus on main businesses to ensure investor rights protection and high-quality development.

China's State Administration for Market Regulation (SAMR) on Saturday issued an interim regulation against unfair competition in the cyberspace, which provides a legal basis to protect the rights of business operators and vast Chinese consumers.

The move showed that the regulation and development of the internet and e-commerce industries are being ramped up, following a big jump in the number of market players online, analysts noted.

The regulation was issued to prevent and stop unfair competition in the internet industry, maintain market order, encourage innovation, protect the legitimate rights and interests of market operators and consumers, and promote the sound and persistent development of the digital economy, the market regulator noted.

The new regulation came amid China's ramped-up efforts to form a unified national market and continuously improving the business environment, the regulator said.

On Saturday, an executive meeting of the State Council reviewed and adopted a draft regulation to promote fair market competition in China.

Liu Dingding, an internet industry analyst, told the Global Times on Sunday that China's law-based internet governance system has been basically formed now, which will benefit online business operation and provide a positive consumption environment for the economy's recovery. 

The new regulation has five chapters and 43 detailed stipulations, covering the definition of unfair competition in the internet sphere, such as fake information and false advertising, and clarifying regulatory enforcement and legal liabilities. It will take effect on September 1.

New types of unfair competition by technical means such as illegal data collection and discriminatory treatment will be also regulated. The new regulation provides a basis to address potential new unfair competition issues in the future, the market regulator said.

The new regulation also urges internet platform-based giant companies to assume more responsibility in regulating unfair competition and take concrete steps for compliance. Internet operators that violate this regulation will be severely penalized, according to the SAMR. 

Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Sunday that the regulation announced by the SAMR will help improve the country's digital business governance by cracking down on all illicit behaviors and protecting intellectual property in the internet sphere, and the regulator will play an important role in securing the legal rights of both companies and consumers.

Peng Liyuan, wife of Chinese President Xi Jinping, on invitation visited the Orsay Museum with Brigitte Macron, wife of French President Emmanuel Macron, in Paris on Monday afternoon.

Brigitte warmly welcomed Peng at the gate of the museum. The wives of the two heads of state entered the museum to appreciate the "Paris 1874 Inventing Impressionism" exhibition and the museum's masterpiece oil paintings.

The two stopped from time to time to appreciate Impressionist classic works by Claude Monet, Van Gogh, Pierre-Auguste Renoir and other famous painters, and exchanged feelings.

Noting that both the Chinese and French people love painting very much, Peng expressed her hope that the two sides could carry out more exchanges so that the two peoples could feel the charm of each other's cultures and deepen mutual understanding.

Peng hoped that artists of the two countries will strengthen exchanges and mutual learning, and inspire each other to create more exquisite works of art.

In the hall of the museum, the wives of the two heads of state had cordial exchanges with French students who were visiting and studying there.

The students shared their experiences of learning Chinese and expressed their love for Chinese culture. Peng encouraged them to work hard to learn Chinese well, and take opportunities to study in China, walk around and take a look, so that they can get a true and multi-dimensional view of China.

Peng said she hopes that the students will become little envoys of China-France friendship and build a bridge of communication between the two peoples so that China-France friendship will be passed on from generation to generation.

Founded in 1986, the Orsay Museum is a French national museum, which has the richest collection of impressionist and post-impressionist artworks in the world.

Xiang Piao Piao's stock price soared on Monday and hit the daily up limit after netizens found one of its products sold in a store in Japan have cup sleeve satirizing Japan's handling of nuclear-contaminated wastewater.

The Chinese milk tea brand has reportedly seen a 400 percent surge on its live streaming sales in China as millions of netizens bought the products from Saturday to Sunday.

A Chinese netizen discovered that MECO fruit tea, a drink under the brand of Xiang Piao Piao, sells products in a store in Japan with slogans on their cup sleeves showing "the ocean is not Japan's sewer" and "0.1 percent of the land pollutes 70 percent of the ocean." The picture was then exposed on Chinese media social platform.

Tens of thousands of simultaneous viewers visited Xiang Piao Piao's  live stream over the weekend after the matter went heated, in which three of the six items were sold out during the live. The daily sales of its store have skyrocketed from 2,500 yuan ($346) to 1 million yuan, according to media reports. 

The cup sleeves have also been out of stock as the demand is increasing, and it will be replenished at a later date, according to the anchor of the event. 

The official Weibo account of Xiang Piao Piao also released a statement on Saturday saying that "our staff are awesome" after its action triggered heated discussion on Chinese social media platforms. According to media report, the president of Xiang Piao Piao said during the live stream on Sunday that he would award 100,000 yuan to the related employees and donate all the income from the live stream from 8 pm to 12 am that night to the Environmental Protection Foundation.

The hotline staff from Xiang Piao Piao said that it was a personal behavior of the employees, not an initiative of the company, according to the 21st Century Business Herald. The Kyowa store in Okubo of Japan also told the media that the store has not sold drinks with such cup sleeves.

According to previous reports, the Tokyo Electric Power Company (TEPCO) started to dump the fifth batch of Fukushima nuclear-contaminated water into the ocean on April 19. In Japan's fiscal 2024, which ends in March 2025, TEPCO plans to release a total of 54,600 metric tons across seven rounds, the Japan Times reported.