The Asian Infrastructure Investment Bank is expected to engage in more areas beyond infrastructure investment, in order to leverage additional funds from the private sector globally and boost the post-pandemic recovery, analysts said. Green financing and the digital economy are expected to be listed in the development goals of the AIIB, experts told China Daily on Wednesday after the conclusion of the bank's fifth annual meeting.
As leaders, officials and experts meet virtually on Tuesday for a meeting of the 102-member Asian Infrastructure Investment Bank (AIIB), they will likely focus on boosting regional and global cooperation, and highlighting the urgency to stand up to a rising tide of anti-globalization amid profound challenges posed by the COVID-19 pandemic, Chinese experts said on Monday. The meeting also comes as the US increasingly seeks to stir up tension in Asia and beyond. In a speech scheduled for the annual meeting of the China-initiated multilateral investment bank, Chinese President Xi Jinping will also likely reiterate China's unwavering support for inclusive global cooperation and encapsulate China's long-standing guiding principle for foreign policy that is based on mutual respect and benefit, in stark contrast to the US' ideologically driven and inward-looking approach defined by its recent relentless attacks on China, experts noted.
Foreign Direct Investment in Pakistan is seeing an uphill trend this year and recorded a 91 percent increase. This was made possible with $855 Million Chinese Investment in various sectors primarily in the energy sector, said Professor Zhou Rong, Senior Fellow of Chongyang Institute for Financial Study of Renmin University. Professor lauded the government’s commitment to facilitate investment under Pakistan Single Window (PSW) to streamline cross-border movement of goods and regulatory bottlenecks by 2022. Moreover, he added that in order to ensure smooth business cooperation, a streamlining regulatory environment is a must.
BEIJING, July 20 (China Economic Net) - Pakistani Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has announced that 3G and 4G services will be provided soon to far-flung areas of Balochistan, Khyber-Pakhtunkhwa and Gilgit-Baltistan.Right now the government of Pakistan was committed to promoting the country’s technological capacity to develop a globally competitive IT sector and industry. As the minister put it, the project would meet the objective of providing infrastructure in order to ensure access and connectivity for people, provide broadband services to the locals, improve their life standard, create job opportunities, empower women and so on.
The construction of the China-Pakistan Economic Corridor (CPEC) will not be decelerated but is instead progressing, a leading Chinese academic on the CPEC told the Global Times after Indian media reported that Chinese personnel working at CPEC projects lodged concerns over virus prevention and control efforts by the Pakistani government.
The pandemic has had a strong impact on the Southeast Asian economy and around the world. The main export destination for China and Southeast Asian products is the US and European markets. As China has been gradually resuming economic activities, its consumption needs will help the recovery of the Southeast Asia industrial sector. For instance, China can purchase Southeast Asian products as supplements to imports from other parts of the world.
The United State plans to suspend passenger flights to China later this month. Russia's top international media "Russia Today" (RT) gave an exclusive interview with Wang Wen, the Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY) on this issue. The following is the full text of the interview.