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East Asia
Joint venture in Uzbekistan: A beneficial way of Korean investments
The relationship between Uzbekistan and South Korea, has resulted in a wide range of bilateral political and economic cooperation. Based on mutual interests, Korean investments into Uzbekistan’s economy exceeds $7 billion in the sectors of trade, communications, energy, light industry, pharmaceuticals, mining, production of petrochemicals, electronic products, and building materials.…
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West Asia
Iran’s defense budget increases by 86%
Iran has boosted its defense budget by 86% in the past four years, the Iranian Government Spokesman Mohammad Baqer Nobakht said. “Our budget in the defense and security field has increased 86% in the past 4 years,” he said. According to him, the budget for the upcoming Iranian fiscal year…
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West Asia
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East Asia
China’s anti-graft efforts provide boost to poverty relief work
Liu Rui from People’s Daily China has benefitted from its increased efforts in cracking down on corruption in poverty relief work, further cementing the country’s remarkable accomplishments in poverty alleviation. At the beginning of 2016, the Supreme People’s Procuratorate (SPP) and Poverty Relief Office under the State Council declared a…
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East Asia
China among first countries to pay 2017 UN membership dues
Li Bingxin – People’s Daily China has paid its United Nations membership dues for 2017, Farhan Haq, the Deputy Spokesman for UN Secretary-General, said in a recent press conference. This makes the country the first permanent member to do so. China’s quota shares rose to 7.921 percent in 2016, up from…
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East Asia
Chinese third-party mobile payments reached 38 trillion yuan in 2016
Du Yifei – People’s Daily Driven by the explosive growth of Internet finance, China is now witnessing a boom on mobile payment market. Data showed that value of Chinese third-party mobile payments has tripled to 38 trillion yuan ($5.5 trillion) in 2016. With the popularity of mobile payment, the Chinese people…
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East Asia
Chinese diplomat calls for joint efforts to secure progress in Syria talks
Zhao Cheng – People’s Daily A senior Chinese diplomat called on the Syrian government, the opposition, as well as factions of the opposition to join their efforts to realize national reconciliation by prioritizing the interests of the whole country and its people on Friday, one day after the new round…
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East Asia
China draws “red line” for ecological conservation
Bai Yang – People’s Daily China will complete a space-earth integrated observation system and a comprehensive eco-safety monitoring system linked with big data and Internet by the end of 2020, said the country’s environmental watchdog ahead of the upcoming annual sessions of National People’s Congress and Chinese People’s Political Consultative…
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East Asia
China’s outbound investment maintains relatively high growth
Zhang Huizhong – People’s Daily China reported a non-financial outbound direct investment (ODI) of 53.27 billion RMB ($7.73 billion) in January this year, reaching 983 overseas enterprises in 108 countries and regions, said the latest data released by the Ministry of Commerce (MOC). Compared with last year, China’s total outbound…
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