Newswire Rome: A sharp rise in demand for homes in southern Italy has upended previous property market trends, the latest statistics show.Italy’s domestic property market has long had two major splits – city and country, and north and south. Unsurprisingly, prices in and around northern cities such as Milan tend to be among the highest […]
Read MoreS. Ali Islamabad, October 21: China-Pakistan Economic Corridor (CPEC) has bolstered the economic activity in Pakistan as the multi-billion-dollar project is creating jobs, developing underdeveloped areas and connecting the whole region, senior government officials said.To government officials engaged with the CPEC told Covert that the CPEC had stimulated Pakistan’s economy and it was moving upwards […]
Read MoreCheng Xizhong – China Economic Net Beijing: Recently, three new Special Economic Zones (SEZs) are formally approved by the Board of Approvals (BOA), headed by the Pakistani Prime Minister, taking the total number to 20.According to an official announcement of the PM Office, the three SEZs are National Science & Technology Park, Islamabad, JW-SEZ China-Pakistan […]
Read MoreGwadar Pro Islamabad: Conspiracies against the China-Pakistan Economic Corridor (CPEC) will be defeated, and anti-CPEC elements will not be tolerated said the Pakistani Interior Minister Brigadiar Ijaz Shah (retd).In a television interview, Shah said, “The enemies of CPEC are involved in creating instability in Balochistan. Our next war would be fought against them.”“To further strengthen […]
Read MoreMuhammad Atif Ismail Multan: The excessive use of pesticides and fertilizers for last few decades has not only affected the environment but also damaged fertility of soil. Henceforth, The agricultural soil has become very much weak and unable to produce required or expected yield. The agriculture sector has utterly ignored the presence of organic matter […]
Read MoreGwadar Pro Beijing: With a new guideline aimed at improving the quality of listed companies, China is reinforcing efforts to better leverage the role of the capital market to support the real economy.The guideline, recently unveiled by the State Council, provides “comprehensive, systematic and targeted arrangements” for improving the quality of listed companies, said Yan […]
Read MoreKhurshid Ahmed Karachi: Motorcycles production and sales in Pakistan increased by over 70 percent in the first quarter of the current fiscal year, the highest ever quarterly output recorded in Pakistan, manufacturers and analysts said.“Motorcycle production and sales during the July-September 2020 period of the current financial year FY21 were recorded at 8,05,408 units, which […]
Read MoreIslamabad: Representatives of TikTok have held a virtual meeting with officials at the Pakistan Telecommunications Authority and resolved to arrive at a “mutually acceptable mechanism” to provide a safe internet experience for Pakistani users and pave the way for the app to be unbanned in Pakistan.Pakistan’s telecom regulator blocked TikTok last week for what it […]
Read MoreChina Economic Net Beijing: Italian and Chinese trade representatives have presented the 128th edition of the China Import and Export Fair, also known as the Canton Fair, to Italian companies.The online presentation was organized by the Italy China Chamber of Commerce in collaboration with the China Foreign Trade Center and with the support of the […]
Read MoreChina Economic Net Wuyishan: Sitting cozily in his burlywood house, tea grower Wu Erlong spooned up some tea, took a small sip, and sniffed the aroma on the spoon.“These are freshly-made tea leaves. The quality is quite good,” said Wu, a resident of Xiamei Village in the city of Wuyishan, east China’s Fujian Province.Wuyi Mountains […]
Read MoreTim Korso Washington: Bill Gates, founder of tech giant Microsoft and the Bill & Melinda Gates Foundation, has projected that wealthy countries will return to normal life by the end of 2021, should the vaccines, currently being developed by western countries, work and be deployed in a timely manner. He added, however, that this is […]
Read MoreCovert Report Islamabad: Federal Board of Revenue (FBR) has started holding tax educational awareness sessions in different educational institutes of Islamabad.Under the Letter of Understanding (LoU) signed between FBR and Federal Directorate of Education (FDE), said a statement issued by FBR. The part of bilateral LoU, the series of tax awareness educational session held in […]
Read MoreDino-Ray Ramos It’s been said before, but it is worth saying again: diversity pays — but not in terms of checking boxes and tokenism. In a new report from the UCLA-based Center for Scholars and Storytellers titled “Beyond Checking A Box: A Lack of Authentically Inclusive Representation Has Costs at the Box Office”, researchers found […]
Read MoreNewswire Malacca: From a stall selling grilled seafood at the weekend night market of Jonker Street, a well-known tourist trap in Malaysia’s historic city of Malacca state, Loh Kee Seong watches the passers-by intently as they browse through the various food options available.Loh, who helps his nephew with the business, was upbeat about the return […]
Read MoreChina Economic Net Ruili: Wang Guangfu came for border trade in the city of Ruili in southwest China 20 years ago, but his lineup of products was quite limited: he mainly sold made-in-China laundry items to Myanmar.These days, however, he sells more than 10,000 types of products to Myanmar, in trade that has gone completely […]
Read MoreBy Liu Yi – China Daily As the COVID-19 pandemic continues to threaten the globe, the world economy has fallen into a serious recession. Despite this time of crisis, the development of the Belt and Road Initiative has not ceased.Instead, from January to August, China’s trade volume with countries involved in the BRI grew by […]
Read MoreStaff Writer Islamabad: The Executive Committee of National Economic Council (ECNEC) last week approved projects in various sectors worth of over Rs 440 billion.The meeting of the committee was held here with Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh in chair. The committee considered and approved the “Simplification of […]
Read MoreStaff Writer Islamabad: The National Assembly Standing Committee on Privatization was briefed last week on the privatization process of Heavy Electrical Complex (HEC) and also way forward for bidding and marketing finalization.The Director General, Privatization Division gave detailed briefing on Heavy Electrical Complex; he informed that Heavy Electrical Complex (HEC) is a subsidiary of State […]
Read MoreIslamabad: The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a 3-year global benchmark bond worth $3 billion and a 10-year global benchmark bond worth $1 billion, proceeds of which will be part of ADB’s ordinary capital resources.“We are pleased with the consistently reliable and strong support of […]
Read MoreIslamabad: The 3rd meeting of National e-Commerce Council (NeCC) has included the project “kickoff” between National Institutional Facilitation Technologies (NIFT) and Checkout.com for bringing international payment methods to Pakistan.The implementation will enable both organizations to provide payment services through each others infrastructure and pursue commercial opportunities as a partnership, said a press release issued by […]
Read MoreChina Economic Net Islamabad: China–Pakistan Economic Corridor (CPEC)’s Special Economic Zones (SEZs) are a lifetime opportunity for the Pakistani companies and the people as they will provide regular business and job openings.The SEZs with new business models are likely to generate reasonable jobs, develop industrial and business infrastructures and establish domestic value chains connected regionally […]
Read MoreWang Wen – Global Times US President Donald Trump said that he had approved “in concept” a deal in which Oracle and Walmart would partner with TikTok in the US. This means his previous suppression of TikTok has failed. It also means that after Huawei, another Chinese company going global has wisely been able to […]
Read MoreGwadar Pro Islamabad: Among the major catalysts and enablers of CPEC’s sustained progress has been Pakistan’s preferred connectivity partner Zong 4G.In a majority of CPEC projects, Zong 4G is playing the role of primary connectivity provider thanks to its unrivalled network footprint and best-in-class high-speed data products and services that have stimulated digital penetration in […]
Read MoreShenzhen: Southern Chinese city of Shenzhen, a landmark in the country’s reform and opening-up drive, on Wednesday marked the 40th anniversary of the establishment of the special economic zone. Over the past four decades, Shenzhen has transformed from a small fishing village into a modern metropolis with a permanent population of over 13 million. It […]
Read MoreBeijing: Chinese President Xi Jinping has stressed adopting a long-term perspective, grasping the trend of the times and extensively pooling wisdom to study new circumstances and make new plans. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at a symposium […]
Read MoreBeijing: ByteDance, owner of the popular video platform TikTok, announced Sunday that it will file a lawsuit against the U.S. government Tuesday, Beijing time, to protect its rights and interests while beginning to prepare a shutdown plan for its business in the United States. “Over the past year, we have earnestly sought to communicate with […]
Read MoreBeijing, As enterprises continue to face challenges brought by the COVID-19 pandemic, China pledged to adopt further measures that would directly benefit businesses, in a bid to enhance the foundation of economic recovery and growth. Earlier this week, a host of steps were adopted at the State Council’s executive meeting to support the real economy […]
Read MoreRome: Rome’s Leonardo Da Vinci International Airport, better known as Fiumicino, celebrated its 60th birthday today (August 20). The airport, which was a symbol of restart during Italy’s post-war economic boom, opened to air traffic on 20 August 1960, five days before the start of Rome’s Olympic Games. Designed to cope with increasing demand for […]
Read MoreBeijing: Chinese President Xi Jinping inspected east China’s Anhui Province Tuesday. Xi’s tour came at a time when the country is forging ahead with its economic resumption amid dual challenges of flood relief and regular epidemic control. While uncertainties remain regarding the outlook of the global economic recovery, China’s resilient economic performance has outshone the […]
Read MoreBeijing: The track-laying of the Beijing-Xiong’an intercity railway, a key project for the coordinated development of the Beijing-Tianjin-Hebei region, was completed on Monday. The last steel track of 500 meters long was laid at 10:30 a.m. on Monday in the Xiong’an New Area, north China’s Hebei Province, marking the completion of the track-laying work for […]
Read MoreBeijing: The sound fundamentals backing China’s industrial economy has remained intact despite the impact of COVID-19, but efforts must be made to combat challenges and make up for the losses, a senior industrial official has said. “China’s industrial performance has improved month by month amid effective epidemic control and policy support,” Xin Guobin, vice minister […]
Read MoreChina 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 […]
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