China
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Exports to China jump 44.53% in 7 months | The Express Tribune
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ISLAMABAD: Pakistan’s export of goods and services to China witnessed an increase of 44.53% during the first seven months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, the State Bank…
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Pakistan ‘secures’ $2 billion loan rollover from China
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Currency dealer trader counts the US dollar notes at a currency exchange office, in Karachi July 13, 2023. — PPI ISLAMABAD: In a major boost to the country’s foreign exchange reserves, China has rolled over $2 billion to Pakistan, Ministry…
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China agrees to rollover $2b debt on existing terms | The Express Tribune
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ISLAMABAD: China has agreed to rollover a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a 118%…
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China beats Japan as world’s top vehicle exporter in 2023
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A Neta S electric car at the Shanghai Auto Show. — AFP/File China surpassed Japan to become the world’s largest exporter of vehicles last year, as per the data released by the Japan Automobile Manufacturers Association (JAMA) on Wednesday. Large…
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China expects fresh consumption record with 9b trips in world’s largest migration
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Travelers at the Hongqiao Railway Station ahead of Lunar New Year in Shanghai, on Jan. 23. — Bloomberg China is anticipating a fresh consumption record as it braces for the world’s largest annual human migration. The upcoming Spring Festival travel…
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China faces worst economic slump since 1990 amid stalled recovery
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A view of a street in China. — AFP/File China’s economy, as per official figures released on Wednesday, experienced one of the lowest growth rates in over three decades last year, with the country’s challenging economic condition attributed to a…
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160 high-end electric buses delivered by China | The Express Tribune
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SUZHOU: In a landmark move, Suzhou Higer recently held the delivery ceremony for 160 high-end pure electric buses exported to Pakistan, marking the first substantial introduction of pure electric buses in the country. The order, valued at over RMB 150…
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China allocates $140b for public investment | The Express Tribune
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SHANGHAI: China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and…
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Oil prices fall amid US production, China energy concerns
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An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than…