The world’s second-largest economy posted some of its lowest growth in decades last year and is battling a prolonged property sector crisis and soaring youth unemployment. But in a rare bright spot, official statistics Saturday showed the consumer price index rose 0.7 percent last month, according to Beijing’s National Bureau of Statistics (NBS) the first […]
The US tech giant’s chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. This could fan fears of a slowdown in demand for the U.S. company, whose revenue forecast for the current quarter was $6 billion below Wall Street expectations. Shares of the […]
Envision a not-so-distant future where the skies of Karachi or Islamabad buzz not just with birds but with cars – yes, flying cars. China is at the forefront of turning this fascinating vision into a tangible reality, leading a global movement towards redefining urban mobility. At this year’s Two Sessions in China, CEO He Xiaopeng […]
A government work report that was presented to the national legislature of China on March 5 for consideration states that the country has set its GDP growth objective for 2024 at around 5%, with a target for CPI inflation of approximately 3%. As a steadfast ally of China and a key participant in the Belt […]
Despite his busy schedule as a traffic warden with the Lahore Traffic Police, Habibur Rehman has accomplished an impressive feat—he earned a Ph.D. degree while serving. Dr. Habib-ur-Rehman’s doctorate, obtained from the University of the Punjab, focuses on “Pakistan-China Relations” within the broader field of South Asian Studies. Ammara Athar, the Chief Traffic Officer (CTO) […]
Tesla (TSLA.O), opened a new tab and unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world’s largest auto market, where the U.S. electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. Pickups of existing inventories of Model 3 sedans and Model Y SUVs by […]
The $2 billion loan was due in March and has been extended for one year. Beijing had communicated the decision to Islamabad, sources say. Pakistan’s cash-strapped economy is struggling to stabilize from a financial crisis and secured a $3 billion standby arrangement from the International Monetary Fund last summer. Pakistan’s vulnerable external position means that […]
China has consented to give Pakistan an additional two years to repay a $2 billion debt. Pakistan Day, which falls on March 23, was when this debt was due. China originally intended to increase the interest rates on this loan, but it appears that they have changed their minds and chosen to lengthen the payback […]
China has agreed to roll over 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% surge in interest cost. The Ministry of Finance officials said that an understanding has been […]
One important development in high-speed transportation is the China Aerospace Science and Industry Corporation’s (CASIC) maglev train. With the use of strong magnets that both push the train ahead and lift it above the tracks, this train minimizes friction and reaches previously unheard-of speeds. It runs on the maglev (magnetic levitation) technology. Its latest accomplishment […]
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