Tesla reported a record year in China with sales exceeding 657,000 vehicles in 2024, representing an 8.8% increase compared to the previous year. Despite this strong performance in the world’s largest auto market, global Tesla deliveries fell for the first time, falling 1.1% year-on-year to 1.79 million vehicles. China accounted for 36.7% of Tesla’s global … Read more
The Pakistan Business Council (PBC) has highlighted five critical challenges that the government must address to maintain the economic stability achieved in 2024. In a statement shared on social media platform X, the People’s Bank of China spoke about the country’s economic trajectory and stressed the need for reforms and prudent fiscal policies. The Council … Read more
Chinese authorities have agreed to issue three trillion yuan ($411 billion) in special treasury bonds next year, which would be the highest ever, as Beijing steps up fiscal stimulus to revive the faltering economy, two sources said. The 2025 sovereign debt issuance plan would be a sharp increase from 1 trillion yuan this year, and … Read more
In the hope of deepening cooperation between China and Pakistan, several memorandums of understanding were signed to enhance cooperation in the field of technical and vocational education and training. The agreements, which aim to improve employment opportunities, promote innovation, and strengthen bilateral relations, were finalized during the TVET Forum entitled Strengthening the skilled workforce: shaping … Read more
BEIJING: The Pakistani Embassy in Beijing on Thursday hosted the inaugural China-Pakistan Technical and Vocational Education and Training Forum, as a pioneering initiative to enhance bilateral cooperation in the field of education and human resource development. The forum, titled “Strengthening the Skilled Workforce: Shaping a Brighter Future,” brought together policymakers, high-level government officials, renowned TVET … Read more
“Her Story,” a Maxtime Pictures comedy-drama with a largely female perspective, topped the box office in mainland China for the fourth straight week. The box office remained sluggish despite a few new releases, with Hollywood’s “Moana 2” falling out of the top five and Sony’s “Kraven the Hunter” making a modest debut. “Her Story” fell … Read more
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ehsan Iqbal, has announced plans to upgrade the China-Pakistan Economic Corridor to its second phase, with a focus on growth, innovation, sustainability, livelihoods and regional connectivity. A symposium is scheduled to be held in Beijing from December 17 to 30 to clarify the scope and implementation … Read more
KARACHI: In a major boost to Pakistan-China economic cooperation, Meng Xiaowei, head of the 16-member Chinese trade delegation, announced an investment of $1 million to set up a medical city in Karachi. The project, which will be Pakistan’s first comprehensive pharma and pharma ecosystem, will be established in Dhabiji Economic Zone after successful negotiations with … Read more
Karachi: President Asif Ali Zardari on Thursday called on China to invest in various sectors of the Pakistani economy. President Zardari made the remarks while speaking to a Chinese business delegation headed by Yang Yundong, Chinese Consul General in Karachi. The President said that this will enhance trade and economic relations between the two brotherly … Read more
KarachiA $1 billion medical city could become a reality at the Dhabiji Special Economic Zone (SEZ) in Thatta, Sindh, as a high-level Chinese trade delegation has expressed keen interest in the ambitious project, according to the Sindh government. The announcement came during a visit by a 12-member delegation of leading Chinese companies to the Dabeiji … Read more