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 …

BEIJING: A Chinese Foreign Ministry spokesperson on Wednesday did not directly confirm an announcement made by US officials that  “China and the US have an agreement in principle to hold a summit in San Francisco.”  Instead, the spokesperson, citing quotes from Member of the Political Bureau of the Communist Party of China Central Committee and Foreign Minister Wang Yi during …

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: Russian Defence Minister Sergei Shoigu said the West wants to expand the conflict in the Ukraine to the Asia-Pacific region, Russian state media reported, citing comments made at a Beijing defence forum on Monday. Speaking at the Xiangshan Forum, China’s biggest military diplomacy event, Shoigu said NATO is covering up a build-up of forces in the Asia-Pacific region with …

BEIJING: The 10th Beijing Xiangshan Forum kicked off on Sunday with representatives from a record-breaking number of countries, regions and international organizations gathering in the Chinese capital to attend the meeting themed “Common Security, Lasting Peace.” Under the tensions of the current international security situation, the Beijing Xiangshan Forum provides all parties with a platform to talk in a frank …

WASHINGTON: When noting that China and the US agreed to work together for the meeting between the two heads of state in San Francisco, Chinese foreign minister Wang Yi said on Saturday that “the path to San Francisco” will not be an easy one, and there is “no self-driving to it.” Therefore, both sides need to earnestly “return to Bali …

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 …

WASHINGTON: China’s top diplomat and Foreign Minister Wang Yi met with US President Joe Biden in the White House on Friday with an objective to communicate with the US and effectively implement the important consensus reached at the meeting between the two heads of state in Bali last year. Wang also told Biden he looks forward to San Francisco, in …

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 …