In the town of Postmasburg in Northern Cape Province of South Africa, where there are abundant sunshine and vast land, the Chinese-built 100-megawatt (MW) Redstone Concentrated Solar Thermal Power (CSP) Project resembles a giant sunflower, harnessing the sun’s light and heat. The project, known as South Africa’s largest renewable energy project, was successfully connected to the country’s power grid in …
The BRICS countries now account for about 30 percent of the global GDP, nearly half the global population, and one-fifth of global trade after the group’s expansion from five members to 10 in January. The enlargement of BRICS is “a major milestone” in its history and “a landmark event” in the evolution of the international situation, said Chinese President Xi …
Chinese President Xi Jinping arrived in Russia’s Kazan on Tuesday for the 16th BRICS Summit. Russian officials greeted Xi at the airport. Guards of honor lined up on both sides of a red carpet to salute the Chinese leader, and Russian youths dressed in national costumes welcomed him with traditional courtesy. A Russian fighter jet was seen escorting Xi’s plane.
BEIJING: President Xi Jinping pledged on Thursday to step up China’s support across debt-laden Africa with funding of nearly $51 billion over three years, backing for more infrastructure projects, and the creation of at least 1 million jobs. China was ready to step up cooperation with Africa in industry, agriculture, infrastructure, trade and investment, Xi told delegates from more than …
BEIJING: Chinese Foreign Minister Wang Yi on Monday called for a full play to the strategic significance of “greater BRICS” to build the platform for cooperation among emerging markets and developing countries into one of openness and inclusiveness. In the face of the battle between forces promoting a multipolar world and those upholding unipolar hegemony and between economic globalization and …
BEIJING: China will roll out a one-year visa-free policy to citizens from six countries – France, Germany, Italy, the Netherlands, Spain and Malaysia – starting on December 1, 2023, Chinese Foreign Ministry spokesperson Mao Ning said on Friday. As part of fresh efforts to bring about cross-border people-to-people exchanges to serve the country’s high-quality development and opening-up, residents from the …
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’ …
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 …