Chinese Foreign Investment Crucial To World Economy: Experts

China’s capacity to invest in other countries will be crucial to rescue the world economy, experts said at the Boao Forum for Asia in Melbourne on Thursday. After a period of downturn following the global financial crisis, foreign direct investment (FDI) has recovered to 1.7

China Offers Condolences To Pakistan Over Plane Crash

  China on Thursday expressed deep condolences to the families of the victims in Wednesday’s Pakistani plane crash. Foreign Ministry spokesperson Lu Kang made the remarks at a routine press briefing. A passenger plane of Pakistan International Airlines (PIA) with 48 people onboard, including one

Army Troops, Helicopters, Doctors Moved To Site Of Crash: ISPR

Inter Services Public Relations (ISPR) here on Wednesday said that Pakistan Army troops, doctors and helicopters had been moved to the site of the crash of PIA aircraft, carrying 40 passengers on-board. A commercial flight of the PIA, PK-661 from Chitral to Islamabad had lost its contact

Tragic News: PIA Plane Crashes Near Abbottabad; Some 40 Passengers On-Board

A passenger plane of Pakistan International Airlines (PIA) flying from Chitral to Islamabad crashed near Havelian, a hilly area near Abbottabad, on Wednesday evening, The flight PK-661 with 40 passengers on board went missing before pilots lost control over aircraft, Spokesman of the PIA said. “We regret to

Chinese Astronauts Meet The Press After Space Mission

The two astronauts who manned China’s Shenzhou-11 mission met the press Wednesday following almost three weeks in quarantine. Jing Haipeng, 55, commander of the Shenzhou-11 spacecraft, and Chen Dong,38, appeared in good spirits and shared their experiences with the press. Launched on Oct. 17, Shenzhou-11 docked two days

China Forex Reserves Plunge Amid Surging Dollar

China’s foreign exchange reserves plunged by $69 billion in November to a five-year low, according to central bank data released Wednesday, as policy-makers battled to support the yuan currency against a resurgent dollar. The world’s largest hard-currency stockpile dropped to $3.05 trillion, its fifth-straight monthly