Tag: Chinese

Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank (CCB) and Agricultural Bank of China (ABC) fell to multi-month lows on Tuesday, hit by potentially...

Chinese copy of Austrian village stirs emotions

It’s a scenic jewel, a hamlet of hill-hugging chalets, elegant church spires and ancient inns all reflected in the deep still waters of an...

Chinese engineers assaulted by Faisalabad’s villagers

Villagers of Faisalabad’s rural area of Shamaalpur assaulted five Chinese engineers, severely wounding them. As per media reports, these Chinese engineers were working over a...

Chinese zoo practices tiger escape drill

This is the dramatic moment armed police stepped in to neutralise a tiger who had escaped from his enclosure at a packed Chinese zoo. Thankfully...

Chinese, S Korean leaders visit Fukushima in show of support

Chinese and South Korean leaders chatted with evacuees and tasted local produce in Japan’s battered northeast on Saturday, in a show of support for...

Chinese firm to invest in Thar coal

A Chinese company, Kingho Group, has declared its intent to invest in the Thar coal power project. An official statement indicated that a 14-member...

Top Tibetan monk denies Chinese ‘spy’ tag

The Karmapa Lama, one of Tibet’s top Buddhist monks and widely seen as a potential spiritual successor to the Dalai Lama, spoke out Monday...

Chinese army gives rocket launchers, arms to Sierra Leone

China’s ambassador to Sierre Leone on Monday presented AK47 rifles, rocket launchers, anti-aircraft guns and mortars to Sierra Leone’s army to boost its defence...

Chinese state-owned corporation willing to invest in Thar coal...

KARACHI - A Chinese state-owned corporation has expressed willingness to invest in the Thar coal project and other power projects in the province. China Godian Group Chairperson Renaiquin shared these views during her meeting with Sindh Chief Minister Syed Qaim Ali Shah at the Chief Minister's House on Wednesday, where provincial government officials briefed her about Thar coalfield. She is leading a seven-member Chinese delegation currently on a visit to the country. According to an

Chinese envoy gives te computers to GCU

LAHORE - Chinese Ambassador to Pakistan Liu Jian gifted ten latest computers, software and other accessories to the Government College University (GCU) with which the university has established a high-tech computer laboratory for students at the GCU Postgraduate Library for online access of electronic journals, books and other digital material. GCU Vice Chancellor Prof Dr Ikramul Haq on Tuesday inaugurated the laboratory, while Dean of Arts and Social Sciences Prof Dr Khalid Perviaz,

Lewis Hamilton wins Chinese Grand Prix

SHANGHAI - Britain's Lewis Hamilton ended world champion Sebastian Vettel's triumphant start to the 2011 season on Sunday when he drove to a spectacular victory in the Chinese Grand Prix.
The 26-year-old McLaren driver, who was world champion in 2008, made the most of a tactical decision to preserve tyres during qualifying on Saturday to cut through the field in the closing stages and pass the 23-year-old German with less than five laps remaining.
"That was amazing, thank

U.S. to stop acting as “preacher” of human rights: Chinese Experts

BEIJING - The United States should stop its hegemonic practice of portraying itself as a human rights "preacher" and using human rights issues to interfere in other nations' said internal affairs, Chinese experts.
In its annual report on human rights situation in more than 190 countries and regions, which was released on Friday, the United States claimed that a "negative" trend in China's human rights record continued, an accusation that Chinese experts categorically refuted.

Chinese company ready to invest $15b in energy sector

KARACHI - China Three Gorges Corp, the country's largest hydropower developer, is ready to invest $15 billion in Pakistan's troubled energy sector to add 10,000 megawatts to its grid in 10 years, a senior company official said on Thursday.
Pakistan faced a power shortfall that peaked at between 4,000 and 5,000MW during the 2010 summer, sparking street protests and adding to the government's problems. The power crisis has crippled industry, and frequent power outages last up to

Govt assures Chinese investors legal hitches will be removed

ISLAMABAD - In a major development on Wednesday, the government assured Chinese investors that it would expedite progress on removing the legal barriers that are hindering investment of an estimated $15 billion in the country's hydel power sector.
An official source said a 10-member delegation led by Chinese Three Gorges Project Corporation (CTGPC) Chairman Cao Guangjing spent a busy day meeting the president, finance minister and other senior officials to sort out the

Chinese troops on LoC: Gen Parnaik

JAMMU - A top Indian Army Commander blamed that China's presence in Pakistan -administered Kashmir is "increasing steadily" and its troops are "actually present" along the Line of Control (LoC), , adding the Chinese footprints are "too close for comfort" for India.
"Chinese presence in Gilgit-Baltistan and the Northern Areas is increasing steadily. There are many people who are concerned about the fact that if there was to be hostility between us and Pakistan, what would be the

Businessmen urged to tap Chinese opportunities

KARACHI - South Asian Association of Regional Cooperation (SAARC) Chamber of Commerce and Industry former Chairman Tariq Sayeed has urged the Pakistani business community to extract maximum benefit from Chinese trade and investment friendly policies. He claimed that China has aimed at strengthening economies of Southeast and South Asian countries. China has offered many incentives and increased facilitation to exports from these countries and plans to boost investment throughout the

Bottlenecks thwarting Chinese investment in hydel power

ISLAMABAD - The state-owned China Three Gorges Project Corporation (CTGPC) has shown willingness to invest in four large hydropower power projects in Pakistan - Bhasha, Bunji, Kohala and Karot - provided the government removes legal bottlenecks in the award of contracts.
An official source said the demand was made by the head of a 10-member Chinese delegation, China Three Gorges Project Corporation (CTGPC) Chairman Cao Guangjing, during a meeting with the Minister for Water and