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PM Shehbaz, Chinese Premier agree on CPEC’s expansion

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Chinese

Prime Minister Shehbaz Sharif met with Chinese Premier Li Keqiang The two sides also held delegation-level talks to strengthen mutual cooperation. PM Shehbaz Sharif also met Chinese President Xi Jinping BEIJING: Prime Minister Shehbaz Sharif on Wednesday met with Chinese Premier Li Keqiang and agreed to expand the China-Pakistan Economic Corridor (CPEC) besides ensuring the … Read more

PM Shehbaz arrives in Beijing on maiden official visit

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday arrives in Beijing on a two-day visit to China. Senior Chinese officials received the prime minister and his delegation at Beijing Airport. This is his first official visit to China after assuming office. The prime minister will meet Chinese President Xi Jinping and Premier Li Keqiang. He will … Read more

Oil prices decline as China imposes more extensive Covid-19 restrictions

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oil prices

Brent crude for January delivery fell 4 cents to $92.77 per barrel. U.S. West Texas Intermediate (WTI) crude declined 18 cents, or 0.2%, to $86.35. China’s 19 crude oil import restrictions forced the temporary shutdown of Disney’s Shanghai resort. Oil prices declined on Tuesday, extending losses of 1% from the previous session, as expectations of … Read more

China-based US businesses hit historic low

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us businesses

55% of 307 companies surveyed by the American Chamber of Commerce in Shanghai and PwC China are positive about the business prospects for the next five years. The reading is the lowest in the survey’s 23-year history. Only 18% listed China as the top priority for their company’s worldwide investment plans. Optimism among U.S. businesses … Read more

China welcomes FATF’s decision to remove Pakistan from grey list

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china

BEIJING: China has welcomed the decision of the Financial Action Task Force (FATF) to remove Pakistan from its ‘grey list’ on anti-money laundering and counter-terror financing regimes. During his regular briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin welcomed the decision said this shows international support and recognition of Pakistan’s endeavor in this regard. “China welcomes … Read more

Economy of South Korea likely to halt in Q3 2022

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south korea economy

The economy of South Korea is expected to slowly crawl in the third quarter. Faltering exports and rising interest rates knocked the wind out of what had been a strong run. The median projection of 22 economists polled between October 20-24 was 2.8% annual growth. The economy of South Korea is expected to slowly crawl … Read more

China’s Xi Jinping is more remarkable than any time in recent memory

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China

China’s Xi clinches third term, packs leadership team with loyalists It was a delegated second for Xi Jinping when he ventured onto an honorary pathway stage on Sunday to start his standard breaking third term as China’s Supreme Leader Xi, 69, has risen up out of the decision Communist Party’s five-yearly congress with more power … Read more

Dar reaffirms resolve to fully implement CPEC projects

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ishaq dar

ISLAMABAD: Ambassador of the People’s Republic of China Nong Rong called on Minister for Finance and Revenue Senator Ishaq Dar and discussed bilateral issues. Dar reaffirmed the government’s resolve to successfully implement the China-Pakistan Economic Corridor (CPEC) project as it will play an important role in taking the local economy forward as well as cementing … Read more

US Deputy Secretary of State heads to Japan in show of unity on N.Korea

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US US Deputy Secretary of State

Deputy Secretary of State Wendy Sherman will visit Japan next week. She will meet with top officials and hold trilateral discussions with Japan, South Korea, and the U.S., and North Korea. Sherman will also meet with LGBTQ community leaders to discuss marriage equality in Japan. Officials announced Thursday that US Deputy Secretary of State Wendy … Read more

China furious over 14-year-old girl’s death in Covid quarantine

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China furious over 14-year-old girl's death in Covid quarantine

The family of a Chinese girl who was placed in a Covid quarantine center is demanding justice. The girl was 14 years old. Claiming that their requests for medical assistance were ignored. The family of a Chinese girl who was placed in a Covid quarantine center where she later passed away is demanding justice, claiming … Read more

Dollar looms over its rival currencies as it reaches multi-year high

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dollar

Markets are on high alert for any signs of intervention by central banks. The U.S. dollar index rose 0.05% to 113.04, following an almost 1% increase overnight. The yen has been on a losing streak for 11 consecutive sessions. The dollar loomed over its major rivals on Thursday, as Treasury yields reached multi-year highs and … Read more

North Korea test fires long-range strategic cruise missiles

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north korea missiles

North Korea tests two long-range strategic cruise missiles. Kim Jong Un hails a successful demonstration of the country’s nuclear strike capabilities. Analysts believe Pyongyang is anxious about the recent US-led joint drills with South Korea, Japan, and the US. The official media announced Thursday that North Korea had tested two long-range strategic cruise missiles. Leader … Read more

Asian chipmaker’s shares slide after the US put restrictions on China

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Asian chipmaker's

After the US unveiled strong new regulations to restrict sales of technology to China, shares in key Asian computer chipmakers fell. According to the US, American companies will not be allowed to sell certain chips used in supercomputers and artificial intelligence to Chinese companies. As the world economy weakens, technology companies are also witnessing a … Read more

Musk thanked by Chinese ambassador for suggesting special administrative zone for Taiwan

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elon musk taiwan

China’s envoy to the US commended Elon Musk for suggesting a special administration zone for Taiwan. Taiwan’s de facto ambassador to Washington rebuked Musk, stating that Taiwan’s “freedom and democracy are not for sale”. China has long threatened to subjugate Taiwan, which it claims as one of its provinces. China’s envoy to the United States … Read more

Taiwan’s president vows to boost military power, as China tensions escalate

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Taiwan boost military power

Taiwan’s President Tsai Ing-wen will address the island’s military in her National Day speech on Monday. A source says she will talk about “improving national defence combat power and uniting the morale of the people.” This comes at a time when tensions with China have gotten much worse. Taiwan’s President Tsai Ing-wen will promise to … Read more

Biden administration to restrict China with new rules in chip industry

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biden administration

The measures could cripple China’s chip manufacturing industry. The measures harken back to the strict regulations during the height of the Cold War. Shares of semiconductor manufacturing equipment manufacturers began to decline as a result of the recent actions taken against them. The Biden administration published a wide list of export regulations on Friday, including … Read more

North Korea fires two ballistic missiles in response of South Korean and US drills

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ballistic missiles

North Korea fires two short-range ballistic missiles toward Japan. The move comes after South Korea and the U.S. conducted rare missile drills east of North Korea. The US accused China and Russia of aiding North Korean leader Kim Jong Un by stalling U.N. sanctions. North Korea fired two short-range ballistic missiles toward Japan on Thursday … Read more

United States blames China, Russia in aiding N. Korea leader Kim Jong Un

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united states

The 15-member Security Council met on Wednesday to discuss North Korea. China and Russia opposed a public council meeting, stating that it would hinder efforts to defuse the crisis. In May, China and Russia rejected a U.S.-led effort to impose additional sanctions on North Korea. Wednesday, the United States accused China and Russia of aiding … Read more

North Korea test longest range ballistic missile launch test over Japan to date

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north korea ballistic missile

The missile flew over Japan for the first time in five years. It was the most recent in an ascending cycle of muscular flexing by the U.S., S. Korea, and Japan. The U.S. National Security Council called the launch “destabilizing” and “reckless”. North Korea fired a ballistic missile over Japan on Tuesday for the first … Read more

United States denies link between Iran’s release of Americans and funds unfreezing

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united states iran

Iran claims $7 billion in frozen assets will be unfrozen after the release of jailed Americans. The US State Department calls such a connection “categorically false”. Baquer Namazi, 85, and his son Siamak, 50, were sentenced to 10 years for espionage. Sunday, the United States denied Iranian claims that the release of two jailed Americans … Read more

PM thanks China for enhancing flood relief aid for Pakistan

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china flood relief

ISLAMABAD: Prime Minister Shehbaz Sharif has thanked China for its generous assistance to support the flood affected people of Pakistan. In a tweet on Sunday, the prime minister said our Chinese friends are continuing to help the flood victims in Pakistan. He said the total volume of aid has increased from 400 million to 644 … Read more

Defense secretary says China won’t invade Taiwan soon

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US Defense secretary

U.S. Defense Secretary Lloyd Austin believes that China is attempting to establish a new normal with its military exercises around Taiwan. The United States is seeking to re-establish open connections with their Chinese counterparts. A meeting between Vice President Joe Biden and President Xi of China at the upcoming G-20 Summit in November is likely … Read more

The US pledges to the Pacific Islands in an effort to compete with China

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The US pledges to the Pacific Islands in an effort to compete with China

In response to concerns in Washington over the rise of Chinese influence, the US has signed a collaboration deal with island nations in the Pacific. The treaty was ratified by 14 countries, including the Solomon Islands, despite concerns that their leader would not. Beijing presented a comprehensive trade and security agreement with 10 regional nations … Read more

Nike shares fall as it reports lower earnings per share and revenues

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nike shares

The sports giant proved analysts’ projections wrong for earnings per share and revenues, but shares fell dramatically. Nike’s stockpiles in North America have increased by 65 percent. The company anticipates the stronger dollar will cost it $4 billion in the current fiscal year. Nike announced its quarterly profits were reduced on Thursday due to increased … Read more

Xi Jinping’s public appearance dispelled rumours of his house arrest

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Xi Jinping

Xi Jinping made his first public appearance since returning to China from Uzbekistan. Visit dispelled unconfirmed rumours that he was placed under house arrest. Xi is in a position to secure a third term in power and continue to pursue his grand vision for the “rejuvenation of the Chinese nation”. Chinese President Xi Jinping made … Read more

Chinese President Xi Jinping made first public appearance since Central Asia trip

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Xi Jinping
  • Xi Jinping makes his first public appearance since returning from a trip to Central Asia.
  • He is generally predicted to win a record-breaking third term as leader.
  • China and Russia pledge “strong support” for each other’s core interests.

Beijing: According to state television, Chinese President Xi Jinping made his first public appearance on Tuesday while in Beijing. He had just returned from an important trip to Central Asia that had taken place in the middle of September.

At the Communist Party’s once every five years conference, Xi is generally predicted to win a record-breaking third term as leader.

Earlier, in his first face-to-face meeting with Russian President Vladimir Putin since Putin’s invasion of Ukraine, Chinese President Xi Jinping pledged “strong support” for their “respective core interests.” According to Chinese state news agency.

[embedpost slug=”xi-jinping-warns-us-president-biden-not-to-play-with-fire-over-taiwan/”]

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Antony Blinken urges Pakistan to seek debt relief from China

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antony blinken

Antony Blinken urges Pakistan to ask for debt relief from its close ally China. Floods have submerged one-third of Pakistan, an area the size of the UK. The U.S. has pledged $56 million in humanitarian aid and sent 17 planes loaded with supplies. As devastating floods ravage the South Asian nation, US Secretary of State … Read more

China jails Ex justice minister Fu Zhenghua over corruption charges

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Ex justice minister Fu Zhenghua

Fu Zhenghua, who formerly served as China’s Minister of Justice, has been sentenced to prison for accepting bribes. A court in Changchun handed down a death sentence on him on Thursday. His conviction is part of an abrupt crackdown on officials that is taking place in the run-up to a major meeting of the Communist … Read more

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