BEIJING: Chinese financial regulators on Wednesday moved swiftly to implement tasks set by the top-level, tone-setting central financial work conference, including announcing new regulations for commercial banks and vowing to take measures to defuse risks and ensure sound and stable development.  The two-day conference, which concluded on Tuesday, offered a clear path for the financial industry to tackle risks, including the …

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has termed the China-Pakistan Economic Corridor as ‘once in a century-time opportunity’ and said that Pakistan is focusing on the project’s second phase to attain rapid economic and industrial growth. In an interview with China’s Phoenix TV aired on Tuesday, the prime minister said the CPEC initiated under China’s Belt and Road Initiative had …

BEIJING: The Chinese renminbi (RMB) is making steady progress in becoming a more widely used currency in the global economy, according to a report released by People’s Bank of China (PBOC). One of the most notable trends highlighted in the 2023 report on Chinese RMB internationalization is the increased use of the currency in trade and investment. In 2022, banks …

China’s government agencies released macro-economic figures on Friday, indicating that the economy is still on the right track of recovery. Analysts said a raft of targeted macro-policies and the issuance of an additional 1 trillion yuan ($137 billion) in special treasury bonds will inject new impetus into the economy and contribute to the achievement of its preset annual GDP growth …

Chinese President Xi Jinping stressed that China’s policy toward the US is consistent, which is mutual respect, peaceful coexistence and win-win cooperation, noting China will continue to work in this direction and hopes that the US will work with China in the same direction, when meeting with California Governor Gavin Newsom on Wednesday. Experts said that such a high-level reception …

BEIJING: Chinese President Xi Jinping stressed that China’s policy toward the US is consistent, which is mutual respect, peaceful coexistence and win-win cooperation, noting China will continue to work in this direction and hopes that the US will work with China in the same direction, when meeting with California Governor Gavin Newsom on Wednesday  in Beijing.  Experts said that such …

ISLAMABAD: Chinese Foreign Minister Wang Yi is scheduled to visit the US later this week as the interaction between China and the US is currently showing signs of a comprehensive recovery with increasing engagement to enhance understanding and improve the atmosphere. Chinese observers believe the visit will pave the way for a possible meeting between the head of the two …

— Li, Kakar agree to further strengthen high-level engagement, deepen multiple ties — Both neighbours signed several MoUs and agreements in various sectors ISLAMABAD: Pakistan and China on Wednesday signed the long-awaited multi-billion-dollar Mainline One (ML-I) railway project which would cost US$ 6.7 billion and would transform and replace the centuries-old existing railway track from Peshawar to Karachi. The agreement, among …

Trains loaded with Southeast Asian agricultural products such as durians and mangosteens are now frequently entering China through the Mohan railway port in southwest China’s Yunnan province, along the China-Laos Railway. Photo shows a container ship at the Piraeus Port, Greece. (People’s Daily/Meng Xianglin) Since the beginning of this year, the China-Laos Railway has transported over 14 million tons of …

BEIJING: China is willing to work with Mongolia to adhere to mutual trust, mutual respect and mutual support, and push bilateral relations to a new level, said Chinese Foreign Minister Wang Yi Monday. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks while meeting with his Mongolian counterpart Batmunkh Battsetseg. …