CPEC projects’ total loan only US$ 5.8 billion; Chinese Embassy puts record straight

CHINA ECONOMIC NET BEIJING, China – Chinese President Xi Jinping began his pre-Chinese New Year domestic inspection tour Sunday, visiting southwest China’s Yunnan Province. He headed for a village of the Wa ethnic group to learn about poverty alleviation efforts and extend his festival greetings to the villagers. The Chinese New Year, which falls on Jan. 25 this year, is …

Says Afghanistan’s joining CPEC would prove to be a real game-changer for entire region Welcomes ceasefire offer by Taliban for Afghan peace dialogue ISLAMABAD – Senior Northern Alliance leader and Deputy Chief Executive of Afghanistan, Haji Mohammad Mohaqiq has welcomed the idea of extending nodes of China, Pakistan Economic Corridor (CPEC) into Afghanistan, saying that Afghanistan’s inclusion into CPEC would …

CHINA ECONOMIC NET BEIJING, China – The importance of enhancing Party building and opposing formalism and bureaucracy were highlighted at a key meeting attended by Xi Jinping, general secretary of the Communist Party of China Central Committee, on Thursday. Xi, who is also Chinese president and chairman of the Central Military Commission, presided over the meeting of the Political Bureau …

Top priority is to ensure efficient implementation, specialists say CHINA ECONOMIC NET BEIJING, China – The signing of the China-US phase-one trade pact, which has both economic and political significance, will bolster the world economy, while the top priority is ensuring its efficient implementation, officials and analysts said. Vice-Premier Liu He said the China-US phase-one economic and trade agreement bears …

CHINA ECONOMIC NET ISLAMABAD – The State Bank of Pakistan (SBP) earlier launched the National Payment Strategy System (NPSS) in order to build a road map and action plan for Pakistan to have a modern and robust digital payments network. The key goal of the strategy is to make the access of the people easier to financial services while helping …

ISLAMABAD – Chinese Ambassador Yao Jing Wednesday said that China and Pakistan face a new challenge of negative propaganda from the western media and media of both the countries need to jointly defeat the enemy’s false, misleading propaganda. “Year 2020 is the year for media collaboration between both friendly nations to jointly foil the negative and groundless propaganda by western …

Trade agreement is good for China, US and the world, Xi says   CHINA ECONOMIC NET WASHINGTON D.C. – China and the United States formally signed their phase-one economic and trade agreement here on Wednesday, with Chinese Vice Premier Liu He and U.S. President Donald Trump inking the papers in the White House. Speaking at the signing ceremony, Liu, also …

CHINA ECONOMIC NET Wall Street finished Wednesday’s session higher, with the Dow closing above the 29,000 mark for the first time, after Beijing and Washington inked the highly anticipated phase-one trade deal. The Dow Jones Industrial Average increased 90.55 points, or 0.31 percent, to 29,030.22. The S&P 500 rose 6.14 points, or 0.19 percent, to 3,289.29. The Nasdaq Composite Index …

CHINA ECONOMIC NET BEIJING, China – China’s top disciplinary body on Wednesday adopted a communique, vowing to achieve high-standard intraparty and state supervision to boost the country’s system and the system for governance. The communiqué was adopted at the fourth plenary session of the 19th Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC), which was …