NEW DELHI: Chinese Premier Li Qiang said Wednesday that China is determined to make greater contributions to global economic recovery and prosperity by sharing its own development opportunities with the world. Li made the remarks in his speech at the Virtual G20 Leaders’ Summit, which was chaired by Indian Prime Minister Narendra Modi. The summit aimed to discuss the implementation of the leaders’ …
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 …
ISLAMABAD: Ambassador of China to Pakistan Jiang Zaidong called on Caretaker Federal Minister for Energy Muhammad Ali here on Tuesday.The Minister appreciated the continuous engagement of China in the energy sector with Pakistan, said a press release. He extended his congratulations for the successful 3rd Belt and Road Forum for International Cooperation that was held earlier this month in China.The …
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 …
BEIJING: Li Keqiang, former premier of the State Council of China and member of the Standing Committee of the Political Bureau of the 17th, 18th and 19th Communist Party of China (CPC) central committees, passed away on Friday in Shanghai. He was 68. Li died of a sudden heart attack at 00:10 on Friday after all-out rescue efforts failed, according to …
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 …
Chinese officials on Wednesday vowed to swiftly carry out a plan to issue an additional 1 trillion yuan ($137 billion) in special treasury bonds in the fourth quarter, which marks only a few times in history that China has issued special treasury bonds, maintaining that such a move will help further consolidate the positive recovery trend of the Chinese economy, …
BEIJING: Draft bills and revised laws, including China’s first regulations on the protection of minors in cyberspace, were passed by Chinese lawmakers as the sixth session of the Standing Committee of the 14th National People’s Congress (NPC). The Chinese lawmakers also voted to adopt the Patriotic Education Law and a revised Marine Environment Protection Law, both of which will take …