DAVOS: Chinese Premier Li Qiang said on Tuesday there must be a red line that is not crossed in the development of artificial intelligence to ensure the technology benefits society. Speaking at the World Economic Forum in the Swiss Alpine resort of Davos, Li called for “good governance” of the technology’s development, urging the world
The Dubai International Financial Centre branch of China Construction Bank – one of China’s top banks – listed a $600-million green bond on Nasdaq Dubai. The bond represents the bank’s “significant commitment to sustainable financing and highlights the growing synergy in green financing between China and UAE,” read a statement posted by Dubai Media Office
KARACHI - Pakistan can strengthen agricultural and food cooperation with China to maximise its export contribution. These collaborations can focus on niche products, partner on climate-resilient crops and drought-resistant technology, agritourism, private sector collaboration, which will deepen ties, diversify exports, and ensure long-term food security for both nations. This was stated by Rafique
LONDON: Copper prices dipped on Tuesday due to a buoyant dollar, but losses were curbed by fresh hopes for more stimulus in top metals consumer China. Three-month copper on the London Metal Exchange was down 0.2% at $8,363 per metric ton by 1045 GMT after rising by 0.5% in the previous session. “The market has
BEIJING: China’s President Xi Jinping on Tuesday stressed the high-quality development of China’s financial sector and vowed to accelerate the creation of a modern financial system with Chinese characteristics, the Xinhua News Agency reported. Xi made the remarks at the opening of a study session at the Party School of the CPC Central Committee, according
DAVOS: China will put on a show of force Tuesday with a large delegation represented by Prime Minister Li Qiang at the annual meeting of global elites in Davos, despite shadows cast by wars raging in Ukraine and Gaza. Ukrainian President Volodymyr Zelensky is also attending the World Economic Forum in person for the first
The Foreign Ministry on Sunday strongly deplored and firmly opposed the United States State Department’s statement on the election in China’s Taiwan region, saying that the statement goes against the US’ own political commitment of maintaining only cultural, commercial and other unofficial relations with the Taiwan region.“We have made serious representations to the US side,”
HONG KONG: China’s largest private property developer, Country Garden, expects the property market will remain weak in 2024 and the company could face more, “severe” challenges, its top management said. Country Garden, which defaulted on its $11 billion worth of offshore bonds in October and extended repayments on its onshore notes last year, is among
SHANGHAI: China’s yuan hit its lowest in more than a month against the dollar on Tuesday, reflecting broad strength in the US currency and persistent expectations of monetary easing in the world’s second-largest economy to aid the recovery. But trading was tepid ahead of China’s fourth-quarter and full-year gross domestic product data on Wednesday, when
TAIPEI: The United States has expressed disappointment in tiny South Pacific nation Nauru for switching diplomatic recognition from Taiwan to China. Self-ruled Taiwan held a crucial poll Saturday, with voters electing pro-sovereignty candidate Lai Ching-te as the island’s next president. China considers Taiwan part of its territory and regards Lai as a dangerous “separatist” and
BEIJING: Pakistan Ambassador to China, Khalil Hashmi, said that the new cargo route between Pakistan and China is an important driver for trade between the countries and is a significant step forward in bilateral connectivity spectrum. “A welcome development and an important driver for trade between Pakistan and China,” he said in a statement. Hashmi
SYDNEY: The tiny South Pacific nation of Nauru announced on Monday it was switching diplomatic ties from Taiwan to China, a move welcomed by Beijing, which also bolsters its ambitions in the region. The Nauru government said it would no longer recognise Taiwan “as a separate country” but “rather as an inalienable part of China’s
BEIJING - Pakistan’s Ambassador to China, Khalil Hashmi said that the new cargo route between Pakistan and China is an important driver for trade between the countries and a significant step forward in bilateral connectivity spectrum. “A welcome development and an important driver for trade between Pakistan and China. A significant step forward in bilateral
KARACHI: Pakistan can strengthen agricultural and food cooperation with China to maximize its export contribution. These collaborations can focus on niche products, partner on climate-resilient crops and drought-resistant technology, agri-tourism, private sector collaboration, which will deepen ties, diversify exports, and ensure long-term food security for both nations. This was stated by Rafique Suleman, Convener FPCCI
BEIJING: The 21st China International Software Corporation Conference was successfully held in Chengdu, China. The Cooperation Negotiation on Standardization and Internationalization, a sub forum of the conference, highlighted the significance of the growing software partnership between China and Pakistan. During the event, Muhammad Zohaib Khan, Chairman of the Pakistan Software Association, provided an insightful overview
BERN: Swiss President Viola Amherd and Chinese Prime Minister Li Qiang inspect the guard of honour during an official visit, on Monday. Prime Minister Li is visiting Switzerland to attend the World Economic Forum in Davos.—Reuters GENEVA: China and Switzerland agreed on Monday to speed up talks to upgrade their free trade agreement and to
SYDNEY: The South Pacific nation of Nauru announced on Monday it was severing diplomatic ties with Taiwan and would instead recognise China. In a media release, the Nauru government said it would no longer recognise Taiwan “as a separate country” but “rather as an inalienable part of China’s territory”. China claims democratic, self-ruled Taiwan as
CAIRO: China and the Arab League states on Sunday called for an immediate and comprehensive ceasefire in the conflict-ravaged Palestinian enclave of Gaza. The two sides also urged the implementation of relevant UN Security Council and General Assembly resolutions on the situation in Gaza and the Palestinian-Israeli conflict, said a joint statement, adding that all
A new China-Pakistan cargo air route has been launched to facilitate air transport. China’s largest air cargo carrier SF Airlines said the new route is linking Ezhou Huahu Airport in central China’s Hubei Province with Lahore. The Ezhou-Lahore route is planned to operate three times a week, providing over 300 tons of air transport capacity