China 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 […]
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 […]
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