Category Archives: Business

China’s Retail Sales Up 9.5% On-Year In Jan-Feb: Govt

BEIJING, (APP/AFP) – China retail sales growth decelerated to 9.5 percent year-on-year in January and February, government data showed Tuesday, as policymakers work to keep the world’s second-largest economy on a stable growth path. Industrial output rose 6.3 percent on-year in the first two months of

China Issues First Penalties Involving HK Stock Link

SHANGHAI, (APP/AFP): China’s securities regulator has handed down hefty fines for stock manipulation including what it said was the first case involving the landmark Shanghai-Hong Kong stock connect programme. The China Securities Regulatory Commission (CSRC) said in a statement that it had fined Tang Hanbo and

CPEC Provides Pak,India Opportunity To Ignore `Bitter Past’

LAHORE, (APP): The China Pakistan Economic Corridor (CPEC) has provided Pakistan and India to get rid of their `bitter past’ and start beggining from a fresh slate. Chairman Pak India Business Council (PIBC) Noor Muhammad Kasuri said this in an interveiw with APP here on Monday. “CPEC is an

Pak-China Industrial Cooperation To Strengthen Local Industry

ISLAMABAD, (APP): Minister for Planning, Development and Reforms Ahsan Iqbal has said that industrial cooperation between Pakistan and China would result in promotion of local industry and production capacity. In a statement on Sunday, the minister said promotion of industrial development is the fourth key pilar of China

China Focus: Rent-a-Chicken Lays Golden Eggs In Rural China

XI’AN, (APP/Xinhua): Anyone want a free chicken? It is not a swindler’s trick, but a business model that has helped hundreds of rural families cast off poverty in Yan’an City, the cradle of the Chinese revolution. Business today is a far cry from how things were

Sri Lanka To Scale Back Port Deal With China

COLOMBO, (APP/AFP) – Cash-strapped Sri Lanka is to scale back a profitable but controversial deal to sell a deep-sea port to a Chinese company after widespread protests, the ports minister said Thursday. Arjuna Ranatunga said the government was renegotiating the sale of the debt-laden but

Pakistan Invites Kuwait To Invest In Various Sectors

ISLAMABAD, (APP): Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Thursday said that Pakistan had invited Kuwait to invest in different sectors including oil and gas, refinery and pipeline. Talking to a privated news channel, he said that Kuwait had already invested in financial,

China Warns Of ‘Trade War’ If WTO Ignored

BEIJING, (APP/AFP) – China warned Thursday that United States ignoring World Trade Organization rulings could trigger a “trade war” after President Donald Trump’s administration said it was not bound by the body’s decisions. Last week a letter sent from the United States Trade Representative to Congress