An increasing number of Chinese foreign trade companies are building overseas warehouses, shortening the distance between goods and their target markets. Guangdong Eagle Gifts Co., Ltd. based in Guangzhou, south China’s Guangdong Province, has long been devoted to producing various kinds of ceramics, Christmas balls, decorative paintings, and other handicrafts. Overseas warehouses have greatly helped the company’s exports in recent …
At the Fuling high-tech zone in southwest China’s Chongqing Municipality, staff members can grasp the situations of more than 20 planting bases of traditional Chinese medicinal herbs across the country, including real-time footage and information such as temperature, humidity, and wind direction at these bases, through a pharmaceutical company’s traceability platform. The company, Chongqing Taiji Industry (Group) Co., Ltd. (Taiji …
Construction of a “photovoltaic Great Wall,” consisting of row upon row of blue solar panels, is underway deep in the Kubuqi Desert in north China’s Inner Mongolia Autonomous Region. Upon completion, the “photovoltaic Great Wall” will stretch across hundreds of kilometers. The “photovoltaic Great Wall” is also a “Great Wall” of green electricity, industries, innovation and prosperity, said Zhong Yuzhan, …
After completing more than two months of quarantine and acclimatization, the beloved giant panda Fu Bao officially met the public on June 12 at the Shenshuping giant panda base of the China Conservation and Research Center for the Giant Panda in southwest China’s Sichuan Province. Fu Bao returned to China on April 3 from South Korea’s Everland Zoo, where it …
BEIJING: China is the world’s largest cherry market, and Pakistan has reached a significant milestone by exporting its first shipment of fresh cherries to China. Utilizing a reefer container, Pakistan aims to export 260 tonnes of fresh cherries to China in reefer containers by the end of June. This achievement is a result of a phytosanitary agreement signed between China …
ISLAMABAD: Pakistan’s economy failed to meet most of its targets set in the previous budget due to challenging conditions, but the agriculture sector achieved unprecedented growth, Finance Minister Muhammad Aurangzeb announced on Tuesday while unveiling the Pakistan Economic Survey (PES) 2023-24. The strong 6.25pc expansion in the agriculture sector — said by the report to be the highest in 19 years — drove Pakistan’s …
ISLAMABAD: In a return to previous practice, the National Economic Council (NEC) decided on Monday to continue funding constituency-based schemes and ongoing provincial projects, while approving an indicative national development plan worth Rs3.792 trillion for the next fiscal year to increase the economic growth rate to 3.6 per cent from the current 2.4pc. The expansionary public investment stance is likely to come under tight …
KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the interest rate by 150 basis points (bps) to 20.5 per cent. The decision to cut the key rate to 20.5pc comes ahead of the annual budget and a week after data showed inflation slowed to a 30-month low of 11.8pc in May. In a statement, …
BEIJING: Prime Minister Shehbaz Sharif on Thursday said Pakistan was taking steps to improve governance, increase the tax net and ensure ease of doing business to attract foreign direct investment (FDI), state-run Radio Pakistan reported. During a meeting with China Exim Bank President Dr Wu Fulin in Beijing today, the premier said the results of reform measures had started appearing as the …
ISLAMABAD: Pakistan and China have signed 32 memorandums of understanding (MoUs) to promote trade and investment between the two countries. The MoUs were signed during Prime Minister Shehbaz Sharif’s visit to China. He is leading a team of 100 businessmen to explore the potential for promoting bilateral trade and investment. An official announcement of the Commerce Ministry released on Wednesday said …