By Yao Xueqing, Han Xin Autonomous freight transport is making rapid progress in China as the country continuously improves relevant policies and standards and strengthens pilot and demonstration projects. Leveraging pilot applications of intelligent transport, China is putting autonomous driving technologies into trial use on a larger scale, focusing on typical freight transport scenarios including road freight, delivery, intra-park transport …

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 …

ontrary to the pessimistic views perpetuated by some U.S. politicians and the U.S. media, a series of indicators showed China’s foreign trade has maintained a steady upward momentum. It is an inevitable result of China’s continuous pursuit of high-level opening-up, which creates fresh opportunities and a new driver for global economic growth. China’s trade in goods has ranked first in …

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday directed the authorities to expedite the process of implementing the agreements and memoranda of understanding (MoUs) made with the Chinese government and Chinese companies, saying that any further delay would not be tolerated. “China is a time-tested friend of Pakistan who helped Pakistan in every hour of need, said Mr Shehbaz while chairing a review …

Aid for Trade is a way to help developing countries address trade-related obstacles that constrain their ability to engage in international trade. Its primary objective is to improve the trade capabilities of developing countries, particularly the least-developed ones, and facilitate their integration into the global trade system. During the 9th Global Review of Aid for Trade recently held by the …

ISLAMABAD: Pakistan and Azerbaijan on Thursday agreed to enhance the bilateral investment level of up to $2 billion in areas of mutual beneficial projects. In a joint press stakeout along with Azerbaijan President Ilham Aliyev after witnessing the signing of agreements and memorandums of understanding (MoUs) in diverse areas between the two countries, Prime Minister Shehbaz Sharif said“ “We have …

ISLAMABAD: In a meeting with Russian President Vladimir Putin on Wednesday, Prime Minister Shehbaz Sharif called for overcoming financial and banking issues between the two countries by renewing and expanding trade under a barter system. Speaking during their meeting on the sidelines of a Shanghai Cooperation Organisation (SCO) summit, PM Shehbaz recalled how Pakistan and Russia used to have a bilateral trade …

ASTANA: Prime Minister Shehbaz Sharif has invited Tajikistan to “avail the facilities of Pakistani seaports” for transit trade, a joint statement issued by the two countries said on Wednesday, as the premier concluded his two-day official visit to the Central Asian country. The PM’s official visit commenced at the invitation of the Tajik president, Emomali Rahmon. During the visit, the …

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 …

BEIJING: China on Thursday denounced the U.S.’s new sanctions on over 300 entities and individuals, including dozens of Chinese enterprises, which the U.S. side claimed helped Russia sustain military production to combat Ukraine. “China firmly opposes any illegal unilateral sanctions and long-arm jurisdiction. The normal economic and trade exchanges between China and Russia should not be interfered with, nor should …