China Economic Net Beijing: Northwest China’s Xinjiang Uygur Autonomous Region has built the country’s largest province-level power network, according to the State Grid’s Xinjiang branch. Some 71.7 billion yuan (about 10.33 billion U.S. dollars) has been invested in the region’s power grid development during the 2016-2020 period, the company said. Xinjiang has so far built […]
Read MoreBeijing: China’s financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) told Xinhua in an interview. “Stock, bond and foreign exchange markets in the country have shown strong resilience and anti-risk capability since the outbreak of the epidemic,” Guo said, adding that […]
Read MoreChina Economic Net Beijing: The Chinese and Pakistani enterprises may conduct on the spot studies and cooperate in camel milk production and sales as it will be very popular in the Chinese market, Cheng Xizhong, visiting professor at Southwest University of Political Science said on Wednesday. The camel milk has long been produced in Pakistan, […]
Read MoreBeijing: China will resolutely push forward the opening-up of the country’s financial industry regardless of how the international situation changes, the central bank governor told Xinhua in a recent interview. China will continue implementing the phase-one economic and trade agreement with the United States, while measures announced to open up China’s financial sector will continue, […]
Read MoreBeijing: China’s economy, as shown by multiple mid-year indicators, has ridden out its downturn due to COVID-19 strains and bounced back to growth in the second quarter (Q2). Economists believe that the country’s V-shaped recovery is only getting started. In Q2, China’s gross domestic product expanded by 3.2 percent year on year, reversing a 6.8-percent […]
Read MoreChina Economic Net Beijing: President Xi Jinping has underlined the need to combine top-level design and public opinions in compiling the 14th Five-Year Plan. Formulating and implementing the five-year plans for economic and social development are important ways for the Communist Party of China (CPC) to govern the country, said Xi, who is also general […]
Read MoreChina Economic Net Beijing: China’s top insurance regulator on Wednesday unveiled a three-year action plan to promote the high-quality development of the property-insurance industry. By 2022, China aims to forge a complete market system for the property-insurance sector, with the further enhancement of its service capabilities and financial strength, according to the document issued by […]
Read MoreRome: Italy opened the new bridge in the northern city of Genoa to traffic late last night, a day after the inauguration of the structure, reports Italian news agency ANSA. The opening of Ponte S. Giorgio unites the east and west of the city and comes almost two years after its predecessor, the Morandi Bridge, […]
Read MoreChina Economic Net Beijing: In coping with the disruptions from the COVID-19 epidemic and global economic slowdown, China’s leadership has emphasized the need to steer the world’s second-largest economy as if fighting a protracted war. It called for the quickened establishment of a new development pattern which gives full play to the advantages of a […]
Read MoreChina Economic Net Beijing: China has urged the United States to immediately withdraw its wrong decision of imposing sanctions on the Xinjiang Production and Construction Corps and two relevant officials, vowing to “resolutely fight back” if the U.S. side is bent on behaving like this. Foreign Ministry spokesman Wang Wenbin made the remarks in response […]
Read MoreChina Economic Net Beijing: China was on its way to become “export destination country number one” for the German economy as the COVID-19 crisis was hitting global trade, according to a study published by the German Economic Institute (IW). While the situation in many of Germany’s export markets continued to deteriorate, “the Chinese economy is […]
Read MoreBeijing: While the world economy struggles in the shadow of the COVID-19 pandemic and rising protectionism, preparations are in full swing for the third China International Import Expo (CIIE), a strong message that China is committed to an open world economy and global efforts for the post-pandemic recovery. As the world’s first import-themed national expo, […]
Read MoreIslamabad: Pakistan-China Institute (PCI) co-hosted a joint China-Pakistan think tanks Webinar on ‘New Opportunities and Challenges of China-Pakistan Cooperation in the Post-Epidemic Era’. The webinar brought together government officials, leading experts, and entrepreneurs to discuss the post-pandemic relationship between Pakistan and China. Chinese Ambassador Yao Jing was among the two keynote speakers, the other being […]
Read MoreBeijing: By renewing its pledge to further protect market entities and spur their vitality in times of difficulty and uncertainty, China has given its economy and all market players a fresh shot of confidence. Chairing a symposium with entrepreneurs Tuesday, Chinese President Xi Jinping listened to their opinions and advice on the economic situation, assuring […]
Read MoreUrumqi: The laying of railway tracks for a new line linking northwest China’s Xinjiang Uygur Autonomous Region with Qinghai Province and beyond was completed Tuesday, paving the way for accelerating development in the country’s western region. The 1,213.7-km Golmud-Korla Railway, linking the city of Golmud in Qinghai and the city of Korla in Xinjiang, is […]
Read MoreBy Hu Xijin The China-US relationship is being described as going through a free fall. The phrase “a new cold war” has been appearing increasingly in analyses by media outlets and observers worldwide. But China will not fight a new cold war with the US. A cold war requires a comprehensive mobilization of both Chinese […]
Read MoreNew York: China is on track for impressive economic recovery from the COVID-19 shock thanks to the nation’s effective efforts to contain the outbreak, experts said. “We think the economic recovery is well on track,” Lucy Qiu, emerging markets strategist at UBS Global Wealth Management, told Xinhua on Tuesday. “Effective containment of the pandemic and […]
Read MoreIslamabad: Huawei has confirmed that it will be upgrading 13 devices to EMUI 10.1 in Western Europe. The company’s latest in-house OS is an incremental update on EMUI 10, which will be replaced by EMUI 11 later this year. Huawei has finalised its update schedule for EMUI 10.1 in Western Europe. The company has published […]
Read MoreBeijing: China’s CSI 300 000300 index surged nearly 6%, bringing it to a 5-year high, and boosting equity markets around the world in its wake. In the year to date, the index is up 16%, outpacing most U.S. benchmarks, except the tech-heavy Nasdaq Composite COMP . “I don’t think that retail investors alone could drive […]
Read Moreby Shafqat Ali ISLAMABAD, July 8 (Gwadar Pro) – Belt and Road Initiative (BRI) is the way forward as it connects the whole region, representatives from eight countries including Pakistan and China concluded Wednesday.The Pakistan-China Institute (PCI) convened the first-ever Non-Governmental Online Conference on Belt and Road Initiative BRI, of which the China-Pakistan Economic Corridor […]
Read MoreBy Huang Lanlan – Global Times The Indian government’s sudden decision to ban 59 apps from China, including the widely used TikTok and WeChat, has caught millions of users across India by surprise, depriving them of one of this year’s most popular tools for recreation and education, and even incurring economic losses to those who […]
Read MoreGlobal Times The US House’s passage of a bill sanctioning banks doing businesses with Chinese officials, the latest bluffing response to China’s implementation of the national security law for Hong Kong, is only a piece of waste paper, and the US knows deeply that it can achieve nothing in shaking China’s determination to push forward […]
Read MoreChina Economic Net The Communist Party of China (CPC), the world’s largest political party, celebrated its 99th birthday as the country is consolidating its economic recovery amid the COVID-19 epidemic. Official data shows activities in many Chinese industries, from auto manufacturing to e-commerce, are returning to pre-epidemic levels. Given the country’s solid pace of recovery, […]
Read MoreBeijing: China’s shipment of wearable devices shrank in the first quarter of the year, an industry report showed. Makers of wearable devices in the country shipped 17.62 million units in Q1, down 11.3 percent year on year, according to global market intelligence firm International Data Corporation (IDC). Shipment of basic wearables, which do not support […]
Read MoreBeijing: Chinese authorities have decided to further beef up intellectual property rights (IPR) assistance, with focuses on the assistance to small firms and companies in exhibition and e-commerce sectors. More will be done to help micro, small and medium-sized enterprises to safeguard their legal rights, and IPR assistance will also go to exhibition, e-commerce and […]
Read MoreBy Sarah Templeton An iconic New Zealand designer favoured by Prime Minister Jacinda Ardern has announced she’s shutting her doors due to the financial toll of the COVID-19 lockdown. Ingrid Starnes’ designs have become a Kiwi favourite since launching in 2009. Her achievements include opening NZ Fashion Week and staging runway shows on Auckland city […]
Read MoreBeijing: China and Singapore had officially launched the “fast track” to facilitate the exchange of necessary business and public officials while some European and neighboring countries were communicating with China to establish similar arrangements, a Chinese foreign ministry’s spokesperson said on Tuesday. “After nearly two months of communication and preparation, China and Singapore have officially […]
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