Tag: China

LAHORE - China has always proved to be a trusted and sincere friend of Pakistan and Pak-China friendship is higher than mountains and deeper than oceans, Punjab CM's special assistant and Member of the Provincial Assembly (MPA) Zeb Jaffar said on Sunday.
She said that Chinese Prime Minister Wen Jiabao's visit to Pakistan would further cement bilateral relations and China had provided remarkable assistance to Pakistan in several areas including defence, economy and social sectors

HONG KONG - For all the 65 million PCs that are expected to be sold in China this year, one question that many people have not yet answered is: how much money is actually made selling these computers?
Rising incomes and a push by the Chinese government to encourage its 1.3 billion citizens to spend more on consumer items have made the country the biggest battleground for PC brands such as Dell, HP and Lenovo. "This is going to be battle royale," said Amit Midha, head of Dell's

ISLAMABAD - Pakistan and China on Saturday reaffirmed their commitment not to let bilateral strategic relationship be eclipsed by any regional and international complications, besides agreeing to jointly move forward for peace and stability in the region.
"We will never waver from our commitment to the strategic partnership with Pakistan under any regional or international complications," Chinese Prime Minister Wen Jiabao said in his speech at a lunch hosted by Prime Minister

ISLAMABAD - Pakistan and China on Saturday concluded agreements of nearly $40 billion, with both sides signing a total of 35 memoranda of understanding (MOUs), agreements and joint ventures to transform bilateral and friendly time-tested cooperation into strategic level partnership.
Cooperation in the energy sector remained the top priority as both countries signed the agreements, prominent of which was a $6.5 billion-agreement on alternate energy and $3.5 billion agreement for

ISLAMABAD - Chinese Prime Minister Wen Jiabao announced on Saturday a concessional loan of $ 400 million for the post-flood rehabilitation and an additional grant of $10 million for the flood-affected citizens' compensation programme.
Speaking at the National Disaster Management Authority on Saturday, Jiabao said China would continue to help Pakistan in the post-flood rehabilitation in the affected areas China would provide assistance for the repair of damaged infrastructure and

BEIJING - Chinese basketball fans and pundits speculated Saturday about the possible end of an era following NBA superstar Yao Ming's latest injury setback, urging the national sports hero to consider retirement.
The 7ft 6in Houston Rockets centre, who sat out all of last season after reconstructive surgery on a broken left foot, was working to come back from a left ankle injury suffered last month. This week, however, an MRI exam revealed a stress fracture in Yao's ankle, and

BEIJING - China on Saturday called the situation on the Korean peninsula "extremely precarious" and urged more talks to ease tensions, the Xinhua news agency reported, as Seoul prepared for a live-fire drill.
Vice Foreign Minister Zhang Zhijun said Beijing was "deeply concerned and worried" about the situation on the peninsula, which is seeing its worst crisis in years, sparked by the North's shelling of a South Korean island last month.
Zhang on Friday summoned Seoul's

LAHORE: Former Pakistan captain Rashid Latif has challenged the claim of PCB chairman Ijaz Butt that China didn't have enough cricket facilities to host international matches or the Asia Cup in 2012.
In a statement on Thursday, Rashid said he was surprised to read Butt's statement after his return from Bangladesh where he attended the Asian Cricket Council meeting that awarded the Asia Cup to Bangladesh.
Rashid categorically said that the facilities at the cricket stadium in

ISLAMABAD: Pakistan will offer Chinese investors to set up their electric car manufacturing plants at the Karachi and Gwadar Export Processing Zones (EPZ) for exports to Middle East, Far East and Central Asia, as well as to Africa, Europe and Americas, official sources said.
The offer would be made during the visit of the Chinese Premier Wen Jiabao, who will be accompanied by a large business delegation. The government is focused on Chinese investment in the auto sector to

NEW DELHI: China and India's premiers agreed on Thursday to double bilateral trade to $100 billion by 2015, during talks that otherwise showed no apparent progress on a series of nagging disputes.
Prime Minister Wen Jiabao and his Indian counterpart Manmohan Singh also agreed to push Indian exports to China in an effort to bridge a current trade surplus estimated at $20 billion a year in China's favour.
The talks came on the second day of Wen's visit - his first to India

NEW DELHI - After holding delegation-level talks on key security and strategic matters, Chinese Prime Minister Wen Jiabao and his Indian counterpart Prime Minister Manmohan Singh issued a joint communique which showed that both the nation agreed to raise bilateral trade to $100 billion by 2015, step up investments and permit banks of other countries to open branches and representative offices.
The two sides also decided to reduce the trade deficit, which is in favour of China,

ISLAMABAD: Pakistan will open up five mega state owned industrial entities for Chinese investment either as equity or joint venture partners at the Pak China Business Cooperation Summit on December 18.
According to official sources, the government has decided to offer the Heavy Mechanical Complex, Heavy Electrical Complex, Pakistan Machine Tool Factory, Pakistan Engineering Company and Tools, Dies and Moulds Centres Karachi and Gujranwala to Chinese state owned and private sector

NEW DELHI: Chinese Premier Wen Jiabao said on Wednesday China may give greater access to India's IT, pharmaceutical and agricultural industries, as Chinese companies will sign more than $16 billion worth of deals with Indian companies, according to Reuters.
Wen, making his first visit to India in five years, said China and India's future prosperity lies in partnership not rivalry. Heading a 400-strong delegation of Chinese business leaders aiming to boost trade ties and ease

BEIJING - Chinese Prime Minister Wen Jiabao is going to open a branch of the Industrial and Commercial Bank of China (ICBC), the top private bank of China, during his visit to Pakistan, a private TV channel reported on Wednesday.
The ICBC is the world's biggest bank by capitalization. Li Xiguang, a professor at the Tsinghua University in Beijing said that the trade between Pakistan and China will be worth $7 billion with an annual growth rate of 29 percent by the end of this

BEIJING: China said Tuesday it regretted the World Trade Organisation's rejection of its complaint against punitive US tariffs on Chinese tyres and would appeal at an appropriate time. The commerce ministry said in a statement that it "regretted the ruling" and was deeply concerned about the potential negative impact of the decision.
It added that China would carefully research the dispute settlement panel's report and appeal at an appropriate time to protect the Chinese

TAIPEI: Taiwan and China agreed on Tuesday to hold a fresh round of negotiations next week focusing on medical and health cooperation, officials said.
Top Taiwanese envoy Kao Koong-lian arranged the talks with Chinese counterpart Zheng Lizhong in Shanghai, said Taiwan's Straits Exchange Foundation which handles civil exchanges with the mainland in the absence of official contacts. China's chief negotiator Chen Yunlin is scheduled to fly to Taipei on Monday and hold talks with his

NEW DELHI: China hopes to have free trade discussions with India during the Chinese Premier's visit to New Delhi this week, a signal of how the two Asian powerhouses may try to smooth tensions over their economic and border rivalries.
"The free trade agreement is the next stage (of India-China relations). It is our hope that we can start the process," China's envoy to India, Zhang Yan, told reporters in New Delhi on Monday. "We are very much positive on these issues. I think