China
-
Pakistan’s exports to China jump over 5% in first two months of FY24: SBP
.
[ad_1] A representational image of containers. — AFP/File Pakistan’s exports to China witnessed an increase of 5.16% during the first two months of the current fiscal year 2023-24 as compared to the exports of the corresponding period of last year, according to the latest data shared by the State Bank of Pakistan (SBP) on Friday.…
-
IMF to urge China to shift growth model | The Express Tribune
.
[ad_1] WASHINGTON: The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered…
-
US, China at each other’s throats for lion’s share of over $100b AI chip market
.
[ad_1] Illustration of a semiconductor chip and OpenAI’s generative artificial intelligence platform GPT-4 – Unsplash/file Tremendous progress in artificial intelligence (AI) is leading to significant revenue generation due to increased demands in semiconductor production, which is expected to exceed $100 billion by 2027, leading to exponential expansion of the industry. Semiconductors are essentially small chips with the…
-
Intel to terminate $5.4 million Tower Semiconductor acquisition as China delays review
.
[ad_1] The Intel Corp logo is displayed outside its building. — AFP/File After the firms’ contract expires later on Tuesday, Intel Corp will terminate its $5.4 billion acquisition agreement of Israeli contract chipmaker Tower Semiconductor Ltd, according to people with knowledge of the situation. Intel failed to obtain Chinese regulator approval for its acquisition of…
-
Gulf markets subdued after China cuts rates | The Express Tribune
.
[ad_1] BENGALURU: Most major stock markets in the Gulf fell in early trade on Tuesday as investors mulled over world’s second largest economy China cutting key policy rates, with the Saudi index on course to extend losses from the previous session. China’s central bank unexpectedly cut rates for the second time in three months on…
-
China lifts ban on outbound group tours to Pakistan, other countries
.
[ad_1] A file photo of Pakistani (right) and Chinese flags. — AFP Beijing has resumed outbound group tours for its citizens to around 80 countries, including Pakistan, China’s Ministry of Culture and Tourism announced Friday. The move to expand the number of destinations comes as China’s overseas tourism industry has been on a firm…
-
China has rolled over $2.4b loans for two years: Dar | The Express Tribune
.
[ad_1] Finance Minister Ishaq Dar said on Thursday that China’s Export-Import (Exim) Bank rolled over $2.4 billion in loan payments for the next two years. “Chinese EXIM Bank has rolled over for 2 years principal amounts of following loans totalling US$ 2.4 billion which are due in next 2 fiscal years,” he announced in a tweet.…
-
China agrees to reschedule $2 billion debt | The Express Tribune
.
[ad_1] ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years, providing a major relief to the government that is in the process of rebuilding foreign exchange reserves through fresh loans and rolling over maturing debt. The Economic Coordination Committee (ECC) of the Cabinet on…
-
Yellen calls for de-escalation of tensions between China, US
.
[ad_1] US Treasury Secretary Janet Yellen gestures while interacting with students and teachers at a school on the sidelines of a G20 finance ministers’ summit in Gandhinagar on July 16, 2023. — AFP US Treasury Secretary Janet Yellen on Sunday dismissed the idea to lift Trump-era tariffs on China but urged for the de-escalation of…
-
Pakistan invites China, Europe to set up LNG plants | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan is eyeing Central Asia as its energy trade partner, especially Turkmenistan, and is seeking gas supplies for Gwadar in an effort to make it an international energy hub by encouraging China and European countries to establish liquefied natural gas (LNG) plants and export the fuel. “We want to be a trading partner…
