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Showing posts from November 17, 2019

BMP endorses Pak-China consensus on CPEC’s direction

By RECORDER REPORT on November 17, 2019The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has announced to endorse the Pak-China agreement to set a new direction of the China-Pakistan Economic Corridor for future cooperation in high economic impact areas, especially the shifting of the Chinese manufacturing units to Pakistan.Businessmen Panel (BMP) Chairman Mian Anjum Nisar said that the relocation of Chinese industry to Pakistan and providing Chinese financing facilities for future projects are the welcome steps and if we could put all energies and provide enabling environment, the newly-agreed framework has the potential to transform the country from low-income to a middle-income country in the next few years. He asked the government to focus only on those projects that had a high impact on Pakistan's economy.According to reports, the decisions to expand the CPEC scope were taken during the 9th Joint Cooperation Committee (JCC) meeting that was…

GWADAR: Pakistan has assured China for providing Sales Tax exemption for 23 years

ISLAMABAD: Pakistan has assured China for providing Sales Tax exemption for 23 years and other tax exemptions on equipment and material purchased locally for industrial units established in the Gwadar Free Zone.According to official documents, Pakistan and China appreciated the progress of the construction of the Initial Zone of Gwadar Free Zone offered for luring business attraction. Both the sides agreed that further efforts are needed for business attraction explicitly stipulating sales tax exemption for 23 years and tax exemption on equipment and materials purchased in Pakistan locally.Pakistan and China also agreed that active efforts such as local tax breaks in Balochistan province and the provision of fiber optic communication by the Pakistani side are needed to address the development hurdles of the Gwadar Port and the Free Zone. Pakistan would offer the concessions in a piece of legislation to be tabled before the Parliament for promulgation into an act. Both the sides agreed…

Air Silk Road ferries blooming Dutch tulips to China

Source: Xinhua| 2019-11-16 18:07:18|Editor: huaxiaIn less than 24 hours, fresh-cut Dutch tulips are ferried from Triflor's greenhouse in the Netherlands to a florist's shop in central China's inland city of Zhengzhou.Thanks to the Zhengzhou-Luxembourg "Air Silk Road," the Dutch national flower and peony, an indigenous floral variety well-recognized across China, finally have the chance to vie with each other in beauty.And there are German-made auto parts, Norwegian salmon, French saddle ponies and more.by Xinhua writers Ma Yunfei, Wang Ding and Liu HuaipiZHENGZHOU, Nov. 16 (Xinhua) -- Dutch farmer Erik van Dam was a bit tied up directing the plowing and sowing machines in a greenhouse of his Triflor tulip farm in the Netherlands, while others were busy harvesting the full-blown specimens before dawn.The farm owner didn't want to miss the planting season for tulip bulbs. The small bulbs will be separated and preserved for next year, with the bigger ones grown …

China’s Space Silk Road could pose a challenge to the US

By: Nathan Strout    2 days agoA new Congressional report explains how the theft of intellectual property has fueled the rise of China's space industry and that government's ambitious goal to become the dominant economic and military power in space. (How Hwee Young/Pool Photo via AP)China’s wants to replace the United States as the dominant power in space, a new report warned, and to hold onto this position the Pentagon should consider having the Space Force protect freedom of navigation and communications in space.The U.S.-China Economic and Security Review Commission called out China’s aim to replace the United States as the premier power in space in its annual report released Nov. 14.“China’s government and military are determined to meet ambitious goals for space leadership, if not dominance, and China has connected its space program with its broader ambitions to become a terrestrial leader in political, economic, and military power,” the report said. “Beijing aims to esta…