Economy
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South Asia
China enhances investment in Pakistan despite security concerns
By Nasir Aijaz The AsiaN Representative ISLAMABAD: Despite security threats to its nationals, China is determined to increase investments in new projects in Pakistan besides continuing the on-going projects under CEPEC (China-Pakistan Economic Corridor). To explore the new venues of investment, a high-powered delegation of 12 major companies of China…
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West Asia
Iranian gold market is influenced by price reduction of Dollar and other currencies
Within several days ago, the dollar price reduced to 11-12000 toman. It seems that the influence of bad political issues in Iran is calming down and, at the same time, the central bank of Iran could bring back a calm situation in the currency market. The number of currency sellers is growing.…
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East Asia
Inclusiveness consolidates foundation for world economic growth
Development imbalance is the greatest imbalance confronting today’s world. Chinese President Xi Jinping noted at the G20 Hangzhou Summit that the world economic recovery remains weak, weighed down by insufficient drivers of growth and negative impact of regional and international hot-spots and global challenges. That’s why the summit actively…
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East Asia
G20 sticks to its original aspiration
World economy is picking up, but still faces weak growth momentum, increasing hindrances, and even the risk of derailment. Meanwhile, unilateralism, trade protectionism and hegemonic practices are sweeping the world, attacking the global economic order and reducing confidence in international trade and investment. Worried about the current global economic situation,…
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East Asia
China-Russia economic, trade index reflects stronger bilateral relationship
The first China-Russia (Harbin) economic and trade index was released on June 16 in Harbin, capital of Northeast China’s Heilongjiang Province, according to the Xinhua News Agency. The index is composed of both the national trade index and the regional trade index, including China’s trade with Russia, exports and imports…
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East Asia
Interconnection generates synergies for world economy
How to further build an interconnected world economy has become a common task facing the international community when unilateralism and protectionism are seriously impacting the international economic order and markedly adding risks and uncertainties to the world economy. The G20 is a premium forum for international economic cooperation. It represents…
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East Asia
Innovation opens up new possibilities for global economic growth
The world economy is currently confronted with slackening growth and rapidly mounting risks. Unilateralism and protectionism, placing severe impacts on the international order and the multilateral trading system, have become the largest risks that threaten global economic stability. “Innovation holds the key to fundamentally unleashing the growth potential.” Chinese President…
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East Asia
Open cooperation, joint development remain a thoroughfare
The World Bank’s global growth forecast for 2019 stood at 2.6 percent, the lowest in the recent three years, while the global trade growth this year was also revised down to 2.6 percent, the weakest since the global financial crisis 11 years ago. The trade friction unilaterally provoked by the…
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East Asia
Upcoming G20 summit to inject positive energy into global economic governance
The 14th Group of 20 (G20) summit is slated to be held in Osaka, Japan on June 28 and 29. Chinese President Xi Jinping will once again join the leaders of other G20 members, guest countries, and heads of international organizations for discussions on stabilizing world economy and promoting global…
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East Asia
Gender equality may lead to economic growth: vice gender equality minister
Increasing gender equality in the workplace will give the South Korean economy additional momentum to grow further, the vice minister of gender equality and family said Monday. “Gender diversity in the labor market will help a country or a company enhance flexibility in adapting to changing society and demand, upgrade…
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