Tag: China

China rolls over $2.4 billion loan with Pakistan for two years to strengthen Islamabad’s foreign reserves

EXIM Bank of China has rolled over its loan of $2.4 billion with Pakistan for two years to strengthen Islamabad’s foreign reserves. The announcement was made by Finance Minister Ishaq Dar on his Twitter handle. According to ARY News, the federal government has revised the terms and conditions for the debt rollover. Pakistan is also exempted from paying additional interest on the loan.

Pakistan’s latest jets can dodge India’s most advanced air defenses

The Pakistan Air Force’s latest jets equipped with near-stealth features, can easily dodge India’s advanced tracking system. The PAF expects to add 50 JF-17 fighter jets built jointly with China to replace old aircraft and upgrade capability against India’s missile defense system. A rollout ceremony was held in December and the new JF-17 jets will fly at the national day military parade on March 23.

Government mulls granting two-year visa extension to Chinese nationals

The government is considering the possibility of giving two years visa extension to Chinese nationals working on the China-Pakistan Economic Corridor projects. The government may approve a general two-year extension, a senior government official. Another option that is being considered is to link the visa period with the completion date of the multibillion-dollar project, which could end the requirement of seeking an extension.

Nike and Coca-Cola press Congress to alter legislation banning products made by Uyghur Muslims in China

Nike and Coca-Cola are lobbying Congress to weaken a bill that would ban imported goods made with forced labor in China’s Xinjiang region. The legislation, called the Uyghur Forced Labor Prevention Act, has become the target of multinational companies including Apple whose supply chains touch the far western Xinjiang region, as well as of business groups including the U.S. Chamber of Commerce.

US House of Representatives approves Uighur Act, bans Xinjiang imports over forced labor camps

The US House of Representatives has overwhelmingly approved a bill that would require the Trump administration to toughen its response to China’s crackdown on its Muslim minority in Xinjiang. The Uighur Forced Labor Prevention Act calls on the president, Donald Trump, to ban imports from China’s Xinjiang region as an attempt to stop systemic forced labor from the Uighur community.

Coronavirus vaccines being developed in China may be ready for by November

Coronavirus vaccines being developed in China may be ready for use by the general public as early as November, an official with the Chinese Center for Disease Control and Prevention (CDC) said. China has four Covid-19 vaccines in final stage of clinical trials. At least three of those have already been offered to essential workers under an emergency use programme launched in July.