China’s central bank, the People’s Bank of China (PBOC), has unveiled a comprehensive strategy for the future of digital finance, signaling a significant shift away from stablecoins towards a sovereign digital currency. The strategy, articulated by PBOC Governor Pan Gongsheng and Vice Governor Lu Lei, emphasizes a structural reset rather than regulatory tightening.
标签: Asia
亚洲
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UAE announces holiday for public, private schools on 54th Eid Al Etihad
The United Arab Emirates has officially declared a holiday for both public and private schools in celebration of the 54th Eid Al Etihad. Students will enjoy a break on December 1 and 2, corresponding to Monday and Tuesday, with official working hours resuming on Wednesday, December 3, as confirmed by the Ministry of Education. This announcement grants most students a four-day holiday when combined with their regular weekend of Saturday and Sunday. In Sharjah, students will benefit from an extended five-day break, as the emirate observes Friday, Saturday, and Sunday as its weekend. Earlier in the day, the UAE government also announced a four-day paid holiday for private sector employees to commemorate National Day, now referred to as Eid Al Etihad. December 1 and 2 have been designated as paid holidays for private sector workers, allowing residents to enjoy a long weekend. A Cabinet resolution effective from January 1, 2025, permits the transfer of certain public holidays to the start or end of the week if they fall on a weekday. However, this resolution does not apply to Eid holidays unless specifically activated by a Cabinet decision. The unified holiday policy ensures that both public and private sector employees receive an equal number of breaks throughout the year.
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Israel’s genocide in Gaza: Why are ultra-Orthodox Jews against conscription?
Israel’s military, stretched thin by its ongoing conflicts in Gaza, the West Bank, Lebanon, Iran, Yemen, and Syria, faces a deepening internal crisis over the conscription of ultra-Orthodox Jews, known as Haredim. Historically exempt from mandatory military service, the Haredim have become a focal point of societal and political tension following a June 2024 Supreme Court ruling that mandated their enlistment. This decision has sparked mass protests, with hundreds of thousands of Haredi men taking to the streets of Jerusalem in October 2025, marking one of the largest demonstrations in years. The issue has placed Israeli Prime Minister Benjamin Netanyahu in a precarious position, as his governing coalition relies heavily on ultra-Orthodox political parties. The Haredim, numbering around 1.3 million in Israel, represent 13% of the population and are known for their conservative lifestyle, strict adherence to religious laws, and reliance on government subsidies for their yeshivas (religious schools). While some Haredim support Israel’s military actions, others, like the Neturei Karta, oppose secular Zionism on religious grounds. The draft exemption, rooted in a 1948 policy by Israel’s first prime minister, David Ben-Gurion, has long been justified by the belief that Torah study contributes to national security. However, with the Israeli military facing troop shortages and public support for the exemption waning, the government has begun criminal proceedings against draft evaders. The crisis has exacerbated divisions within Netanyahu’s coalition, with ultra-Orthodox parties threatening to withdraw their support. As protests continue and political tensions escalate, the issue of Haredi conscription remains a critical challenge for Israel’s leadership and societal cohesion.
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Philippine President Marcos accused of drug use by sister, Senator Imee
In a startling revelation, Senator Imee Marcos, sister of Philippine President Ferdinand ‘Bongbong’ Marcos Jr., publicly accused him of drug use during a rally in Manila. The allegations were made on November 17, 2025, at the Iglesia Ni Cristo’s ‘Rally for Transparency and a Better Democracy’ held at Quirino Grandstand. Senator Marcos claimed that the President’s drug problem has been a long-standing issue within the family, dating back to their youth. She expressed deep concern for her brother’s wellbeing, urging him to seek professional help and clear drugs from his system. The senator also implicated First Lady Liza Araneta-Marcos, alleging that both the President and his wife are involved in drug use. This accusation follows similar claims made by former President Rodrigo Duterte a year prior, which President Marcos had dismissed as influenced by Duterte’s reported fentanyl use. As of now, President Marcos has not responded to these latest allegations.
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India issues statement after Bangladesh seeks extradition of former PM Hasina
India has formally addressed Bangladesh’s request for the extradition of former Prime Minister Sheikh Hasina, emphasizing its dedication to fostering peace, stability, and democratic progress in the region. The statement, issued by India’s Ministry of Foreign Affairs, follows a recent verdict by Bangladesh’s International Crimes Tribunal, which sentenced Hasina and former Interior Minister Asaduzzaman Khan Kamal to death for their involvement in a violent crackdown on student protests last year. Both individuals are currently fugitives, with Hasina residing in India since fleeing Bangladesh. India reiterated its commitment to constructive engagement with all stakeholders in Bangladesh, underscoring its support for the nation’s democratic and inclusive future. The extradition request, based on a bilateral treaty, comes amid ongoing political unrest in Bangladesh, with elections anticipated in February 2026. The situation remains tense as the country grapples with the aftermath of Hasina’s autocratic rule and the violence surrounding the upcoming polls.
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China’s exceptionalism sparks Japan’s angst at Taiwan
Japanese Prime Minister Sanae Takaichi’s recent declaration regarding Taiwan has significantly altered the geopolitical landscape in Asia and beyond. Takaichi’s statement, which underscores Japan’s long-held view that Chinese military actions or a naval blockade on Taiwan could pose an existential threat to Japan, has placed China in a precarious position. Ignoring the statement could be interpreted domestically as tacitly encouraging Taiwan’s independence, while a strong reaction risks escalating tensions. Beijing’s measured response appears designed to deter without provoking a full-blown crisis. Taiwan’s strategic importance, owing to its location, thriving microchip industry, and appeal to overseas Chinese, makes it a focal point in the region. Control over Taiwan would not only sever Japan and South Korea from the rest of Asia but also bolster China’s dominance in the South China Sea, leaving neighboring nations on edge. The underlying question is whether Asia—and eventually the world—will accept China’s rise as a dominant power. If so, China could pursue reunification with Taiwan peacefully; if not, Taiwan’s reunification could be perceived as a threat. China’s security anxieties and disregard for other nations’ concerns complicate its regional ambitions. While the US has historically sought compromises to integrate China into the global order, China’s rejection of these offers has fueled tensions. The concept of Chinese exceptionalism, akin to American exceptionalism, further complicates its international relations. Without a clear global mission, China’s actions, particularly regarding Taiwan, are viewed as disruptive. President Xi Jinping’s “Global Governance Initiative” aims to address this gap, but its success hinges on balancing China’s interests with global norms. As China navigates its complex regional and global challenges, its ability to compromise and adapt will determine its future role on the world stage.
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Confucius Institute continues expansion with new projects
The Confucius Institute has marked a significant milestone in its global expansion by launching 16 new projects in 2025, including 15 Institutes and one Classroom. This expansion introduces the first Confucius Institutes in Algeria and Guinea-Bissau, further solidifying its presence across 164 countries and regions. The announcement was made during a sub-forum at the World Chinese Language Conference in Beijing, where ten of the new institutions were officially recognized with plaques. This brings the total number of Confucius Institutes worldwide to 510, reinforcing their role as a cornerstone of international Chinese education and cultural exchange. Assia Kaced, vice-rector of Algiers 2 University, expressed enthusiasm about the new institute in Algeria, highlighting the growing demand for Chinese language skills among the youth and its connection to strengthened economic ties between Algeria and China. The institute aims to not only teach language but also foster mutual understanding and respect between Algerian and Chinese youth. In Kenya, the Confucius Institute at Egerton University has pioneered an innovative model integrating Chinese language learning with agricultural technical training, benefiting thousands of students and local farmers. China’s Vice-Minister of Education, Ren Youqun, emphasized the need for Confucius Institutes to enhance teaching quality, explore AI integration, and align with the career development needs of trainees. Duan Peng, president of Beijing Language and Culture University, underscored the importance of local integration and digital innovation in ensuring the continued success of Confucius Institutes.
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Lhasa’s Potala Palace to implement Monday closure policy
The Potala Palace, a UNESCO World Cultural Heritage site and one of the world’s most iconic landmarks, will implement a Monday closure policy starting December 1. Located in Lhasa, the capital of China’s Xizang Autonomous Region, the palace is renowned as the highest such structure globally. According to an announcement on its official website, the closure aims to facilitate essential maintenance, cultural relics inspections, exhibition updates, environmental disinfection, and public facility upkeep. The Potala Palace Management Office emphasized that these measures are crucial for preserving the site’s historical and cultural integrity. The decision, reported by Xinhua News Agency, underscores the commitment to safeguarding this ancient treasure for future generations. The palace, a symbol of Tibetan culture and history, attracts millions of visitors annually, making its preservation a top priority.
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Workers with disabilities building new kind of community in Taicang
In the industrial heart of Taicang, Jiangsu province, the Inclusion Factory is redefining the narrative around employment for individuals with intellectual and mental disabilities. This pioneering initiative, established in 2014, has become a beacon of inclusive employment in China, offering opportunities for those with conditions such as Down syndrome and autism to not only earn a wage but also build confidence, master skills, and integrate into a supportive community. At the core of this transformative endeavor is Zhang Xingjuan, a manager whose role extends far beyond traditional job descriptions. She serves as a mentor, a maternal figure, and a witness to the remarkable personal growth of her employees. The factory, which began as a modest project employing 12 individuals for automotive parts assembly, has grown into a comprehensive program that directly employs over 40 people and has assisted more than 30 in securing jobs in mainstream companies through its consultancy services. Zhang, who joined the factory in 2019, has found herself in an unexpected yet deeply fulfilling role. Unlike typical employees, her trainees often require extensive, one-on-one coaching, sometimes spanning up to 100 sessions of 100 minutes each to master a single task. However, the breakthroughs achieved through this patient guidance are profoundly rewarding. Zhang recalls the journey of Wang Xingchen, an employee who initially struggled with focus but has since become adept at complex wiring tasks and takes pride in his work. The impact of the Inclusion Factory is not one-sided; Zhang herself has undergone significant personal growth, finding a profound sense of calm and stability that she attributes to her work with the employees. The factory’s model, inspired by the German nonprofit Lebenshilfe, has been successfully localized in China, creating a vital link between parents seeking accessible workplaces for their adult children and manufacturers looking to fulfill their social responsibilities. The Inclusion Factory stands as a testament to the power of inclusive employment in fostering confidence, community, and personal growth.
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Tom Cruise to receive honorary Oscar in career first
Hollywood icon Tom Cruise is set to receive an honorary Oscar at the 16th Governors Awards in November 2025, marking a significant milestone in his illustrious career. The Academy of Motion Picture Arts and Sciences announced the decision on Tuesday, recognizing Cruise’s unparalleled contributions to cinema, alongside choreographer Debbie Allen and production designer Wynn Thomas. Cruise, 62, has been nominated for four Oscars but has yet to secure a win, despite his global fame for blockbuster franchises like ‘Mission: Impossible’ and ‘Top Gun.’ The Academy lauded Cruise for his dedication to the theatrical experience, his groundbreaking work in stunt performance, and his enduring impact on the film industry. Debbie Allen, 75, was honored for her five-decade career, including her choreography of the Academy Awards ceremony seven times, while Wynn Thomas was celebrated for his production design in critically acclaimed films such as ‘Malcolm X’ and ‘Do the Right Thing.’ Additionally, country music legend Dolly Parton will receive the Jean Hersholt Humanitarian Award for her extensive philanthropic efforts. The awards ceremony will take place in November, ahead of the 2026 Academy Awards.
