China
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China expects fresh consumption record with 9b trips in world’s largest migration
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[ad_1] 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 rush, known as chunyun, is set to witness a staggering 9 billion passenger trips,…
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China faces worst economic slump since 1990 amid stalled recovery
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[ad_1] 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 grave property crisis, slow consumption and global crisis. The figures align with expectations and…
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160 high-end electric buses delivered by China | The Express Tribune
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[ad_1] 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 million, signifies a pivotal step towards green and sustainable public transportation in Pakistan. Dignitaries,…
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China allocates $140b for public investment | The Express Tribune
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[ad_1] 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 the latest tranche, China has now earmarked more than 800 billion yuan of its…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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[ad_1] 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 the People’s Bank of China (PBC) in which the amount of the trade is…
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Oil prices fall amid US production, China energy concerns
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[ad_1] 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 $3 a barrel on Thursday, prolonging losses from the previous session. Brent futures had…
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Elon Musk’s Tesla attains 14,000 China insurance registrations in 1st week of Nov
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[ad_1] A handout photo provided on April 1, 2016 by Tesla Motors shows the car manufacturer’s new Model 3 which was unveiled on March 31. — AFP China saw a rise in Tesla car insurance registrations last week as the updated Model 3’s deliveries picked up and the company looked ready to increase the price…
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Handicraft brand aims to increase presence in China | The Express Tribune
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[ad_1] BEIJING: A China-based Pakistani handicraft enterprise has said that it has formed many partnerships as people enjoy using its products and the company foresees an increase in the number of physical stores in China. The brand, specialising in premium handmade scarves and carpets from Pakistan, India and Iran, boasts nine offline storesin major Chinese…
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Pakistan, China explore investment avenues | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister of Commerce Dr Gohar Ejaz held a series of highly productive meetings with prominent Chinese business leaders and investment groups on the sidelines of the 3rd Belt and Road Forum in Beijing. These meetings were aimed at strengthening economic ties between Pakistan and China and exploring investment opportunities in Pakistan, according…
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Exports to China increase by 5.16% | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s exports of goods and services to China have increased by 5.16% in the first two months of the fiscal year 2023-24, reaching $350.297 million, compared to $333.077 million in the same period last year. This marks a substantial 25.09% increase yearly as reported by the State Bank of Pakistan. In August 2023,…
