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 …
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 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: 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 …
BEIJING: Chinese President Xi Jinping held talks with Russian President Vladimir Putin in Beijing on Wednesday on the sidelines of the third Belt and Road Forum for International Cooperation (BRF), and during the meeting, Xi said China is willing to deepen cooperation with Russia and jointly safeguard global justice and fairness and contribute to global development. Xi extended his welcome …
BEIJING: Prime Minister Anwaarul Haq Kakar on Thursday met Chinese President Xi Jinping in Beijing and hailed Pakistan’s partnership with its neighbour as ‘made in heaven’. “We will always stand with China and trust you blindly,” the premier told President Xi during a meeting on the sidelines of the third Belt and Road Forum (BRF) for International Cooperation. The premier …
— 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 …