Pakistan Economic Corridor, Pakistan’s 2,655km railway tracks will be upgraded to allow trains to travel up to 165km/h.
Pakistan nod to $6 billion China rail project
Pakistan’s top economic body on Wednesday approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a $6.8 …
Pakistan approves US$6.8bn railway upgrade, its most expensive project under China’s belt and road plan
Pakistan Economic Corridor, Pakistan’s 2,655km railway tracks will be upgraded to allow trains to travel up to 165km/h.
TikTok deal tests Microsoft’s decades of experience in China
More than two decades of efforts by Microsoft to put down roots in China may soon bring a partial pay-off, if it succeeds in steering through the purchase of TikTok’s US busines …
China’s economic growth indicators are ‘lopsided,’ analyst says
China’s economic growth indicators are lopsided, pointing to possible downside risks for the country in the second half of 2020 as it tries to recover from the coronavirus pandemic, said an expert on …
Asia Markets Mixed As Traders Weigh Stimulus, China-US Tension
Asian markets were mixed Thursday following a two-day rally, with nervous investors keeping an eye on stuttering stimulus talks in Washington, while China-US tensions continued to weigh on confidence.
China says it has no intention of ‘becoming another United States’
Chinese State Councilor and Foreign Minister Wang Yi said “today’s China is not the former Soviet Union” and accused the U.S. for attempting to start a Cold War.
China’s major state banks start internal testing of digital wallet application: media
China’s major state-run commercial banks are conducting large-scale internal testing of a digital wallet application, moving a step closer to the official launch of a home-grown digital currency, the …
BMW reports loss for 2nd quarter but sees rebound in China
German carmaker BMW says it lost 212 million euros in the second quarter as the coronavirus pandemic shut down factories and dealerships …
US To Submit UN Resolution On Iran Arms Next Week
The United States will submit a UN Security Council resolution next week to extend an arms embargo on Iran despite opposition from Russia and China, Secretary of State Mike Pompeo said Wednesday. A …