China to increase strategic petrol reserves After reaching storage capacity in crude oil reserves, China now plans to build up its strategic reserves in refined oil products. The decision follows the same pattern of using low commodity prices and high company inventories to increase strategic reserves of raw materials. China is planning to pile up […]
It is extremely heartwarming to read a positive story about Pakistan amid news of constant gun battles, suicides, police brutalities, strikes by different segments of the society, water shortage, traffic congestions, pollution, missing electricity for hours in extremely hot weather. As reported in the New York Times, bunch of kids, or I should say brave […]
It seems that President Zardari’s trip abroad has been successful, if the criterion was to have pledges announced by the leaders of the countries that President visited. Starting with Libya and now ending in France, everywhere Mr. Zardari went; he was greeted warmly, heard sympathetically and given what he asked for, or at least that […]
China’s IMF quota may raise significantly by 2011 There is a possibility that China may become the third largest voting power at the International Monetary Fond (IMF) after the European Union and the United States. China, which currently holds a quota of 3.7 percent, may overtake Japan (6.1 percent) and establish itself right behind the […]
This report about the plight of minorities in Pakistan paints a very disturbing picture about the overall situation in the country. Actually, no Asian country can take pride in this area because for some reason, minorities always live in fear and it is easy to terrorize frightened people. However, this is no excuse as […]
Pakistan is not big a country and therefore, when one part is affected, the entire country feels the pressure. Now, after the operation against the Taliban in Swat, millions of people have migrated from the area and this exodus has created a tremendous humanitarian challenge for Pakistan. Not only is the country responsible for housing […]
Bank lending slowed down in April China in April tightened its previously loose monetary policy in an effort to curb fears of new asset bubbles. State bank lending fell from a record RMB 1,891 billion in March to RMB 591.8 billion ($85.2 billion). Last month’s lending, however, was still well above the monthly levels of […]
It is just awful to see how rapidly everything in Pakistan is degenerating. There is hardly any sector or segment in the society that is either stable or making any progress. The overall situation looks even bleaker when one hears the masses talk about their daily lives. Therefore, it is not unusual to see […]
Chinese growth increasingly driven by domestic factors The conventional view of China as an export-dependent, outbound-oriented economy needs to be adapted to a changing reality. Economic growth is increasingly coming from within, making China into an increasingly self-propelling economic player. There’s a number of indicators supporting this change of economic pattern. While the traditional markets […]
Renewable energy plan ready for government approval China’s new plan for renewable energy development is finalized and waiting for government approval, according to the State Administration of Energy (SAE). The new energy blueprint calls for total investment in renewable energy projects of more than 2 trillion yuan ($293.3 billion). Priority will be given to wind […]
It seems that president Zardari’s trip to Washington has been a success, even though, before he arrived there, there were rumors of tension between Washington and Islamabad. Well, there is some truth to the rumors of serious differences between Pakistan and the U.S., so eloquently described by Shah Mahmood Qureshi, Pakistan’s Foreign Minister (no relation) […]
First signs of recovery in China’s textile sector? Order volumes at the Canton Import and Export Fair, China’s biggest trade fair, exceeded forecast, sparking hope amidst exporters and producers for a recovery of the struggling textile sector. While orders fell 15.6 percent year-on-year in the first quarter of 2009, participants at the Canton Fair were […]
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