China News

‘All-weather’ allies Pakistan, China vow to further deepen ties, renew commitment for CPEC 2.0 development

by
‘All-weather’ allies Pakistan, China vow to further deepen ties, renew commitment for CPEC 2.0 development

Pakistan and China have reiterated their commitment to further deepen their “all-weather strategic” partnership, including work on the “high-quality development” of the second phase of the multi-billion dollar China Pakistan Economic Partnership, according to media reports on Saturday. The development came during the fourth round of Pakistan-China Bilateral Political Consultations (BPC) in Beijing on Friday, … Read more

Viral Video: China’s palm payment technology stuns internet users, Netizens call it “Living in 2050”

by
Viral Video: China’s palm payment technology stuns internet users, Netizens call it “Living in 2050”

China continues to lead in technological advancements, especially in payment systems and infrastructure. A recent Instagram video by Pakistani content creator Rana Hamza Saif showcases a new payment method in Zhuzhou that has sparked interest among internet users. The video demonstrates how palm payment technology allows registered users to make purchases effortlessly with a wave … Read more

So, are you pregnant yet? Inside China’s in-your-face push for more babies

by
So, are you pregnant yet? Inside China’s in-your-face push for more babies

BEIJING: The first time a government worker encouraged Yumi Yang to have a baby, she thought little of it. She and her husband were registering their marriage at a local office in northeastern China, and the worker gave them free prenatal vitamins, which she chalked up to the government trying to be helpful. When an … Read more

China home sales rise after string of stimulus measures

by
China home sales rise after string of stimulus measures

Beijing: China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s beleaguered real estate market since late September, state media said on Saturday. Across the world’s second-largest economy, policies including reductions in down-payment ratios and mortgage rates have been introduced this year to support the … Read more

Painful policy choices loom after China’s ‘monumental’ consumer stimulus plan

by
Painful policy choices loom after China’s ‘monumental’ consumer stimulus plan

BEIJING/HONG KONG: China’s stimulus plans to fill consumer pockets to meet its 2024 growth target breaks away from a decades-old policy playbook, but making household demand a sustainable driver of development instead of investment is a long path paved with tough choices. Reuters reported last week that Beijing plans to issue sovereign bonds worth about … Read more

China to ramp up policy steps to revive economy

by
China to ramp up policy steps to revive economy

BEIJING: Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August, fuelling expectations for more stimulus. … Read more

Kremlin says Putin and Xi plan to meet, but gives no time frame

by
Kremlin says Putin and Xi plan to meet, but gives no time frame

File picture of Russian President Vladimir Putin with Chinese President Xi Jinping | Photo Credit: via Reuters The Kremlin said on Tuesday that Russian President Vladimir Putin and China’s Xi Jinping plan to have contacts but it gave no time frame for a possible Putin visit to Beijing. Asked about a possible Mr. Putin visit … Read more

Janet Yellen sees ‘more work to do’ as China talks end with no breakthrough

by
Janet Yellen sees ‘more work to do’ as China talks end with no breakthrough

Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthrough, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security. The conversation is poised to become even more difficult, however, as hopes of … Read more

Asia should prevent world from becoming an arena for geopolitical fighting: China

by
Asia should prevent world from becoming an arena for geopolitical fighting: China

Zhao Leji, Chairman of the Standing Committee of the National People’s Congress, speaks at the opening ceremony of Boao Forum of Asia, in Boao in southern China’s Hainan province on March 28, 2024. | Photo Credit: AP China’s top legislator Zhao Leji on March 28 said that Asia has endured both “hot and cold” wars … Read more

BRI in Nepal remains non-starter despite optimism among section of Nepalese leadership

by
BRI in Nepal remains non-starter despite optimism among section of Nepalese leadership

China’s Belt and Road Initiative (BRI) in Nepal remains a non-starter despite recent assertion by the Himalayan state’s deputy prime minister that the two countries will “very soon” sign a plan to implement the ambitious infrastructure programme. Nepal and China signed a memorandum of understanding on BRI in 2017. Nearly seven years since, not a … Read more