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Beijing

Beijing sets air-quality record in July 

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BEIJING: Beijing reported an air-quality record in July, with the monthly reading for PM2.5 falling to 16 micrograms per cubic meter, authorities said on Monday. It is the third straight month of record low PM2.5 density, following 20 micrograms per cubic meter in May and 18 micrograms per cubic meter in June, said the municipal … Read more

China’s Mars rover travels over 800 meters on red planet 

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Evergrande misses third round of bond coupon payments

BEIJING: China’s Mars rover Zhurong has traveled more than 800 meters on the surface of the red planet as of Friday, according to the Lunar Exploration and Space Program Center of the China National Space Administration.  China Zhurong has been traversing a complex terrain full of rocks, craters and dunes, and its rear hazard-avoidance camera … Read more

Pakistani mango festivals held in Shanghai, Suzhou

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Mango

BEIJING: Pakistani mango festivals were held in Shanghai and Suzhou, China by Hongqiao Import Commodities Exhibition and Trading Center (HQIICET). Consul General of Pakistan in Shanghai Hussain Haider attended the event. In his speech for the events, he said Pakistan grows high-quality mangoes, which are exported to more than 100 countries. With a unique soil … Read more

China To Face More Extreme Weather Events 

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Karachi Meteorological Department

BEIJING: China has reported rising extreme weather events like heavy precipitation and high temperature, according to an official blue paper released Wednesday. The blue paper, issued by the China Meteorological Administration (CMA), showed that the country saw increasing extreme precipitation events in the past six decades. The extreme heat events and the average intensity fluctuation … Read more

US report on Covid-19 origins not credible: China 

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China Accuses US Of 'Suppressing' Chinese Firms With Blacklist

BEIJING: The so-called report on Covid-19 origin tracing by US congressmen is totally based on the concocted lies and distorted facts without providing any evidence, which is not credible or scientific, a China Foreign Ministry spokesperson said Tuesday. On August 2, Representative Michael McCaul, Lead Republican of the US House Foreign Affairs Committee, released a … Read more

China’s service trade up 6.7% in H1 

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BEIJING: China’s service trade rose 6.7 per cent year on year to around 2.38 trillion yuan ($367.97 billion) in the first half of the year, the Ministry of Commerce said on Tuesday. Of the total, service exports reached approximately 1.13 trillion yuan, up 23.6 per cent year on year, and service imports stood at around … Read more

PBoC continues the crackdown on cryptocurrency trade

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PBoC

PBoC continues the crackdown on the cryptocurrency trade. People’s Bank of China has shut down a company that provided bitcoin trading software. As Chinese officials continue the crackdown on crypto-related transactions.

A senior PBoC official declared two days after the closure that the central bank would ramp up testing of its prototype “digital yuan.”

Beijing Qudao Cultural Development, a software firm, has been ordered to cease operations by the PBoC’s Beijing office, according to a statement released on July 6.

Following a meeting with banks and payment companies, the PBOC issued a statement ordering them to properly monitor customer accounts, identify those involved in cryptocurrency transactions, and terminate their payment channels as soon as possible.

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Central Bank of China issued a warning to firms regarding crypto-related businesses

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Cryptocurrency

Central Bank of China has issued a warning to firms, to stop the services regarding crypto-related businesses.

The Chinese central bank has announced the removal of a Beijing-based software firm over its suspected connection in cryptocurrency trading.

Beijing Qudao Cultural Development Co Ltd. was banned by Chinese authorities for suspected cryptocurrency trading, according to a statement made on Tuesday.

According to Reuters, the software company has been ordered to cease operations immediately, and its website has been taken down.

The People’s Bank of China‘s stance on cryptocurrency-related activities was also underlined in the statement from the Beijing financial supervision administration.

In addition to dealing directly with cryptocurrencies, Beijing organizations shall not provide venues, commercial displays, or advertising for any cryptocurrency-related operations.

This statement came after the Chinese government passed a slew of anti-crypto policies.

Whereas, the government made a statement in May asking for more strict crypto asset regulation.

The issue escalated in June when China’s central bank stated that cryptocurrency traders’ accounts will be cancelled.

A massive miner exodus caused the Bitcoin network hash-rate to fall to its lowest levels since 2019.

On the contrary, regulations have also cut off access to Bitcoin mining in the country.

Bitcoin’s price has dropped nearly 42% since May, due in large part to unfavorable government regulations in China. With China’s long-running anti-crypto campaign unlikely to end soon, Bitcoin will need to find support elsewhere if it is to prevent further decline.

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Tianfu International Airport, China’s Third Largest Airport, is now Operational

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Tianfu International Airport, China's Third Largest Airport, is now Operational

Tianfu International Airport, China‘s $11 billion new mega-airport has become operational, making it China’s second-largest airport. According to the details, the international airport of Chengdu city of China has finally officially started the work, and thus a new way has been opened to reach this area, which is famous for its cute animal panda. The … Read more

China’s massive multimodal AI system isn’t a one-trick pony

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China's massive multimodal AI system isn't a one-trick pony

When Open AI’s GPT-3 model debuted in May 2020, its performance was universally regarded as a literal state of the art. GPT-3 set a new standard in deep learning by being able to generate writing unrecognizable from human-crafted language. What difference a year makes, though. On Tuesday, researchers from the Beijing Academy of Artificial Intelligence … Read more

China Imposes Sanctions On 28 US Officials, Including Pompeo

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China Imposes Sanctions On 28 US Officials, Including Pompeo

China has announced sanctions against 28 US officials, including former Secretary of State Mike Pompeo. A U.S. national security spokesman called Beijing’s decision absurd and reprehensible. According to a statement issued by the Chinese Foreign Ministry, China on Wednesday announced sanctions against 28 officials associated with former US President Donald Trump, including former Secretary of … Read more

China’s High-Speed Bullet Train Can Operate In Freezing Temperature

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China's High-Speed Bullet Train Can Operate In Freezing Temperature

China has debuted a bullet train that is capable of travelling very fast even in extremely cold weather. The CR400AF-G train can travel at temperatures of minus 40 degrees Celsius at 350 mph. It is part of the China State Railway Group’s bullet train program. The train was recently introduced in Beijing, which will travel … Read more

Justin Trudeau under pressure from opposition to ban Huawei’s 5G

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Justin Trudeau

Canadian Prime Minister Trudeau is unsure about when he will make the decision to ban Huawei from the country’s 5G networks. The Conservatives filed a notion in the House of Commons, forcing Trudeau’s Liberal government to make the announcement of its decision in the coming 30 days. Chinese telecom groups have faced bans and heightened … Read more

Pakistan decides to expand the scope of CPEC

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China

The federal government has decided to expand the scope of the China-Pakistan Economic Corridor (CPEC) and include the agricultural sector in it. According to details, a meeting of the Cabinet Committee on CPEC chaired by Federal Minister for Planning Asad Umar reviewed the progress in implementation of ongoing projects. [embedpost id=”50366″ slug=”chinese-president-xi-jinping-likely-to-visit-pakistan”] The plan for … Read more

Hong Kong tycoon Jimmy Lai arrested under new national security law

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Hong Kong tycoon Jimmy Lai arrested under new national security law

Hong Kong media tycoon Jimmy Lai has been arrested today (Aug 10) under a new a new national security law. According to the details, authorities arrested Lai Chee-Ying, known professionally as Jimmy Lai under a new national security law, detained over suspected collusion with foreign armies as about 200 police searched the offices of his … Read more

US accuses China of sheltering Fugitive Scientist at Consulate in San Francisco

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US accuses China of sheltering Fugitive Scientist at Consulate in San Francisco

The United States has accused a Chinese scientist of seeking refuge at the Chinese consulate in San Francisco for alleged visa fraud and collusion with the military. According to the reports, the prosecution alleges that the case is part of a program by China to secretly send military scientists to the United States. The allegations … Read more

China to close US diplomatic facility in Chengdu

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China

China will be closing United States Consulate in southwestern city of Chengdu in retaliation for the forced closure of the Chinese diplomatic facility in Houston. According to media reports, The closure of the Chengdu facility is expected to escalate tensions between China and the US. The US consulate in Chengdu opened in 1985 and is … Read more

US shuts Chinese consulate, Staff ordered to leave within 72 hours

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US

After U.S. ordered the closure of the Chinese consulate in Houston, Beijing has threatened to retaliation over Trump administration’s move. According to the details, Chinese foreign ministry spokesperson Wang Wenbin said that the order constituted an “unprecedented escalation” in tensions, following months of deteriorating relations between Washington, D.C. and Beijing. “If the U.S. continues to … Read more

Beijing cancels flights, shuts schools as new wave of COVID-19 outbreaks

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More than 1,200 flights canceled in Beijing’s airport and almost every school was closed again on Wednesday as the new wave of Coronavirus breaks into the country’s capital linked to a wholesale food market. On Wednesday, 31 new COVID-19 cases were reported in the city. The officials requested residents not to leave Beijing, with fears … Read more

Fire breaks out in oil tanker in China, killed 19 people

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China

An oil tanker explosion in Beijing has killed at least 19 people. According to the details, the second explosion shortly after noon in front of a factory on the highway, damaging nearby buildings. The foreign news agency said, about 170 people were injured in the blast in Xijiang province of China. In this regard, the … Read more

Coronavirus: Beijing bans trading, eating wild animals

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China bans eating wild animals after the coronavirus outbreak

The capital of China decided to ban the trade of wildlife in the city. According to the details, the authorities have passed a new regulation, imposing even harsher punishments on violators. China Global Television Network (CGTN) reported on Sunday, the new rule is a careful response to the coronavirus outbreak, which is supposed to be caused … Read more

FM Qureshi Self-isolating after China Trip

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Shah Mahmood Qureshi

Foreign Minister Shah Mahmood Qureshi has said that he is self-isolating after a trip to China. He spoke to a local media channel in which he said he is self-isolating after a trip to China. President Arif Alvi and MNA Asad Umar were among others on the same trip. The Pakistani government advised that everyone … Read more

I wish I could send 500 political corrupts to jail: PM Imran

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PM invites Chinese companies to invest in Pakistan

Prime Minister Imran Khan has invited the Chinese companies to invest in the diverse sectors of Pakistan including housing, textile, manufacturing, IT and financial services, physical and technological logistics, agriculture, oil & gas and tourism and hospitality. He was speaking at China Council for Promotion of International Trade in Beijing here on Tuesday. The Prime … Read more

China would establish 300MW power plant in Gwadar: Ambassador

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CPEC's every plan will be completed

Chinese ambassador to Pakistan Yao Jing on Friday announced that China will establish factories in Gwadar in next phase of the multibillion dollars China-Pakistan Economic Corridor (CPEC) project. Addressing a session on CPEC under Council on Foreign Relation, Yao Jing said that Beijing was waiting for Pakistan’s free zones policy and added that under the … Read more

World’s mega airport terminal inaugurated in Beijing

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World’s mega airport terminal inaugurated in Beijing

A futuristic new airport in Beijing, which is expected to become one of the busiest in the world, was opened by President Xi Jinping here on Wednesday. Xi declared the starfish-shaped airport open in brief remarks at a ceremony inside the huge terminal, days before the country holds a grand celebration to mark 70 years … Read more

China: Rehearsal for National Day celebrations concludes

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Spectacular rehearsal for China's National Day Celebrations

The third joint rehearsal for the upcoming National Day celebrations concluded early Monday morning in Beijing, eight days ahead of the 70th anniversary of the founding of the People’s Republic of China (PRC), which falls on October 1. The rehearsal was held in Tian’anmen Square and areas along the Chang’an Avenue in downtown Beijing, with … Read more

Beijing hosts 5th Annual Robotic Exhibition

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5th annual robotic exhibition in Beijing

Superheroes, exoskeletons, and musical robots are all on show in Beijing. They’re part of this year’s World Robot Conference which highlights not only robots for play but also for the workplace. At Beijing’s 5th annual World Robot Conference there’s a robot for everyone and almost everything. From play to manufacturing and cargo handling, more than … Read more

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