China
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China launches dairy probe as trade tensions rise over EV tariffs | The Express Tribune
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[ad_1] BEIJING: China initiated an anti-subsidy investigation into dairy imports from the European Union (EU) on Wednesday, intensifying trade tensions between the two parties. This move came just one day after the EU revised its proposed punitive tariffs on Chinese-made electric vehicles (EVs). On Tuesday, the EU adjusted its planned duty on Chinese EV imports…
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China approves use of local coal for three Pakistan power plants | The Express Tribune
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[ad_1] China has approved the conversion of three coal-fired power plants in Pakistan from imported coal to local coal, a significant move aimed at reducing energy costs. Sources confirmed that Finance Minister Muhammad Aurangzeb and Energy Minister Owais Leghari, currently visiting China, facilitated the agreement. The plants affected include the 1,320 MW Sahiwal Coal Power…
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Pak, China launch report on SEZs | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan-China Institute, in collaboration with the China Chamber of Commerce in Pakistan and PowerChina, has launched a pivotal report titled “Aligning Special Economic Zones Policies of Pakistan and China.” This report aims to enhance economic and industrial collaboration between the two nations through Special Economic Zones (SEZs). The launch event, held in…
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China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune
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[ad_1] Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for…
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FM Aurangzeb heads to China to reschedule $15 billion energy loan | The Express Tribune
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[ad_1] Federal Finance Minister Mohammad Aurangzeb is set to embark on a three-day visit to China today, aiming to discuss the rescheduling of a $15 billion energy loan. According to sources from the Ministry of Finance, a joint working group may be established between Pakistan and China to facilitate the loan rescheduling. The discussions will…
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PM orders fast tracking China deals to expand investments
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[ad_1] PM Shehbaz Sharif chairs a review meeting on Pak-China cooperation at PM House on July 20, 2024. — AFP ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday directed the authorities concerned to expedite process of implementing the agreements and memorandum of understandings (MoUs) made with the Chinese government and companies, saying that delay in implementation…
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Most of wind, solar plants being built in China | The Express Tribune
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[ad_1] BEIJING: Almost two-thirds of big wind and solar plants under construction globally are in China, where surging renewable capacity has squeezed coal’s generation share to new lows, research released on Thursday showed. China is building 339 gigawatts (GW) of utility-scale wind and solar, or 64% of the global total, a report from US-based think…
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China reports $3.22 trillion in foreign exchange reserves | The Express Tribune
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[ad_1] China’s foreign exchange reserves stood at 3.2224 trillion U.S. dollars at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing the decrease to the combined impact of currency translation and asset price changes. Affected…
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Boeing resumes new plane deliveries to China after regulatory review | The Express Tribune
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[ad_1] Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to China are now set to resume, a source told Reuters. New Boeing deliveries to China…
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China, Pakistan form digital education alliance | The Express Tribune
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[ad_1] BEIJING: A milestone in educational cooperation between China and Pakistan was achieved last week with the formation of the China-Pakistan Digital Education Alliance. The alliance, jointly initiated by ITMC Technology Co Ltd and UNI International, along with over 160 Chinese and Pakistani technical and vocational education and training (TVET) partners, aims to strengthen Pakistan’s…
