China
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China contributes to upgrading socio-economic life in Gwadar | The Express Tribune
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[ad_1] GWADAR: China has granted more than 5 billion RMB (renminbi – official currency of China) in Gwadar for several socio-economic projects during the last seven years to upgrade the living conditions of the local people under Corporate Social Responsibility (CSR) initiatives. The grant is dedicated to New Gwadar International Airport (NGIA), East Bay Expressway,…
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Oil rises on China demand optimism | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that coronavirus pandemic was receding in the hardesthit areas. Brent crude rose $1.34, or 1.2%, at $112.89 a barrel at 1342 GMT, while US West Texas Intermediate (WTI) crude rose $2.22 to $112.71 a barrel.…
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Yarn exports to China reach $168m | The Express Tribune
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[ad_1] BEIJING: Pakistani cotton experts expressed confidence in the development of local cotton-related industry and yarn export to China as well as other parts of the world, which is increasing every year despite the Covid-19 pandemic. According to the General Administration of Customs of the People’s Republic of China (GACC), data showed that China imported…
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Pakistan’s exports to China up nearly 17% in Q1 | The Express Tribune
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[ad_1] BEIJING: Pakistan’s exports to China crossed $1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per the General Administration of Customs of China (GACC). According to data from GACC, in the first three months of this year, China’s exports to Pakistan also increased…
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Oil falls on China growth worries | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.23, or 3%, to $103.91 a barrel at 1236 GMT, while US West Texas Intermediate…
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Pakistan, China join hands for agri-mechanisation | The Express Tribune
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[ad_1] SUZHOU: Slow adoption of mechanisation technology has been a key reason for low yields and inefficiencies in agriculture in Pakistan, resulting in lower profit for farmers, said Dr Muhammad Waqar Akram, a lecturer in the Department of Farm Machinery and Power, University of Agriculture Faisalabad. He is attending Modern Agriculture Workshop of China-Pakistan Regional…
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China asked to finance ML-I project | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday again requested China to consider financing the single largest China-Pakistan Economic Corridor (CPEC) project – the $6.8 billion Mainline-I (ML-I) project – after the Railways Ministry disclosed that Beijing was not willing to fund the scheme due to objections over the approved cost. The request was made by Planning Minister…
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Oil rebounds from drop on China demand concerns | The Express Tribune
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[ad_1] LONDON: Oil prices rebounded in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up $1.26, or 1.2%, at $103.58 a barrel by 1355 GMT while US West Texas Intermediate contracts were up $1.14, or 1.2%, at $99.68. Brent and WTI had settled about…
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Fish meal export to China tops 13,866 tons | The Express Tribune
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[ad_1] BEIJING: Pakistan’s fish meal export to China topped 13,866 tons with a value of over $15.68 million, showing a year-on-year increase of 250.59% in the January-February period, Chinese customs data showed. Despite the Covid-19 pandemic, bilateral trade between Pakistan and China has increased significantly. Pakistan’s exports to China stood at $670.72 million in January-February…
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China to step up financial support for Covid-hit industries | The Express Tribune
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[ad_1] BEIJING: China will step up financial support for industries, firms and people affected by Covid-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic slowdown. Authorities will guide financial institutions to expand lending and surrender profits to the real economy, the People’s Bank of China (PBOC) said in a…
