Multinational corporations’ commitment to China In a recent survey conducted by the American Chamber of Commerce and the consulting firm Booz&Allen ten percent of multinational corporations said they were planning to relocate their manufacturing facilities from China to lower cost countries like India or Vietnam. This number, down from 17 percent last in last year’s […]
The US special envoy to Pakistan and Afghanistan, Mr Richard Holbrooke, has told a meeting in Washington that the “militants involved in 9/11, the Mumbai attacks and unrest in Swat have common roots” and that “the US was troubled and confused about the development in the Swat valley”. Some other reports appearing in the press […]
PESHAWAR: A curfew was imposed in Dera Ismail Khan on Friday and the army called in to quell riots immediately after a suicide bomber killed at least 30 Shias and injured another 157 who were attending a funeral in southern Dera Ismail Khan district, police and locals told Daily Times. Witnesses said police ‘ran off’ […]
Creating jobs: highest priority China’s Vice Premier Zhang Dejiang urged the labor department to step up efforts create more employment opportunities for the country’s millions of migrant workers. In his appeal he stressed the importance of employment for China’s social stability. Official numbers now state unemployment in China up 0.2 percent at 4.2 percent but […]
ISLAMABAD, Feb 19: Pakistan would make a formal request to the International Monetary Fund (IMF) next month for an additional loan of $4.5 billion, Adviser to Prime Minister on Finance and Revenue Shaukat Tarin said on Thursday. “I will visit the Washington offices of the IMF in March to make a formal request for more […]
ISLAMABAD: The government on Thursday dismissed as speculative the growing criticism of the accord signed with the Tehrik Nifaz-i-Shariat Muhammadi for introduction of Nizam-i-Adl in Malakand, warning speculations would not be helpful. ‘Establishing peace, security and stability are matters of highest priority for Pakistan government and it will use all necessary means to achieve these […]
More stimulus packages for struggling industries China’s State Council announced plans for further support packages aimed at helping struggling industries and boosting domestic demand. Stimulus packages for six industries–auto, textile, steel, shipbuilding, electronics, and machinery–were already announced earlier. Following the new announcement China will provide support packages for ten more industries, among them the oil […]
China’s trade unions to help 10 million migrant workers In a new effort to ease the negative effects of an increasingly severe economic slowdown China’s trade unions announced to extend their help on 10 million migrant workers unable to find employment. The unions’ help, which was previously reserved for local workers with residence permits only, […]
China eases Hukou restrictions for college graduates Faced with surging numbers of unemployed college graduates China has asked its municipalities to ease the Hukou restrictions for non-local college graduates. The Hukou system is a left-over restriction from the Cultural Revolution that allowed the Chinese government to control for migration and settlement of its population. The […]
China and U.S. to resume military dialogue Following U.S. secretary of state Hillary Clinton’s Asia tour the U.S. and China will resume their military dialogue end of February, officials from both countries announced today. The dialogue was temporarily suspended last year as a result of U.S. arms sales to Taiwan. China’s concerns over protectionism China’s […]
Wen and Putin on the phone China’s Premier Wen Jiabao held an in-depth phone conversation with Russia’s Prime Minister Vladimir Putin on bilateral trade and other issues of common concern. They both emphasized each other’s significance as strategic partner and the importance of continuing cooperation. The phone conversation was held on the same day that […]
WASHINGTON / ISLAMABAD, Jan 22: Hillary Clinton, on her first day as the secretary of state, telephoned President Asif Ali Zardari and told him that the Obama administration was appointing a special envoy for Afghanistan and Pakistan. "It was a touch-base meeting," said a senior diplomat aware of the conversation. "She felt it's necessary to […]
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