Asia (except ME & Indian SC)

Chinese company committed to bringing Pakistan forward for green development

BEIJING, Mar 12 (APP): As one of the key enterprises participating in the construction of the China Pakistan Economic Corridor (CPEC), POWERCHINA has been active in various fields such as energy, electricity, water management, and infrastructure investment in Pakistan since it entered the Pakistani market as early as 1987.

Kyrgyzstan: Kyrgyz President, CSTO Leader Discussed Regional Security

BISHKEK, Mar 12 (NNN-KNA) – President Sadyr Zhaparov of Kyrgyzstan, on Friday, met with visiting Secretary General of the Collective Security Treaty Organisation (CSTO), Imangali Tasmagambetov, the press service of the Kyrgyz President reported.

During the meeting, they exchanged views on issues of ensuring regional security and stability, as well as, priority areas of interaction within the organisation, the report said.

SVB collapse could add to China stock investors' anxiety

HONG KONG, March 12 (Reuters) - China stock investors, already disillusioned by Beijing's lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said.

China's CSI300 Index (.CSI300) dropped 4% last week, while Hong Kong's Hang Seng (.HSI) tumbled 6%, as China's moderate GDP growth target of around 5% for 2023 - set during the annual session of the rubber-stamp parliament - dashed hopes for a big stimulus.

Favoring continuity, China reappoints central bank governor

BEIJING (AP) — China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change during a period of uncertainty in the world’s second-largest economy.

Yi, whose official title is governor of the People’s Bank of China, plays no role in making monetary policy, unlike his counterparts in other major economies. His official duties lie in “implementing monetary policy,” or carrying out decisions made by a policymaking body whose membership is a secret.

Interview: Japan's contaminated wastewater discharge plan inappropriate, says Japanese scholar

TOKYO, March 11 (Xinhua) -- Radioactive substances in nuclear-contaminated water should not be released into the environment and Japan's discharge plan is inappropriate, a Japanese environmental economist said.

Unlike ordinary hazardous chemicals, radioactive substances do not disappear without chemical treatment as nature's self-purification does not work on it, Kenichi Oshima, a professor at Ryukoku University, told Xinhua in an interview.

China: Vietnamese leaders congratulate Xi on election as Chinese president, chairman of PRC Central Military Commission

BEIJING, March 11 (Xinhua) -- General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and Vietnamese President Vo Van Thuong on Friday sent congratulations to General Secretary of the Communist Party of China (CPC) Central Committee and Chinese President Xi Jinping, warmly congratulating him on his election as president of the People's Republic of China (PRC) and chairman of the Central Military Commission of the PRC.

China names Li Qiang premier nominally in charge of economy

BEIJING (AP) — China on Saturday named Li Qiang, a close confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years.

Li was nominated by Xi and appointed to the position at Saturday morning’s session of the National People’s Congress, China’s ceremonial parliament. That came a day after Xi, 69, secured a norms-breaking third five-year term as state leader, setting him up to possibly rule for life.

China denies hidden motives after hosting Iran-Saudi talks

BEIJING (AP) — After hosting talks at which Iran and Saudi Arabia agreed to reestablish diplomatic relations, China said Saturday it has no hidden motives and isn’t trying to fill any “vacuum” in the Middle East.

The agreement announced Friday to reestablish Iran-Saudi ties and reopen embassies after seven years was seen as a major diplomatic victory for China, as Gulf Arab states perceive the United States as reducing its presence in the Middle East.

Iran and Saudi Arabia agree to restore ties after China-brokered talks

10 Mar 2023; MEMO: Iran and Saudi Arabia, the two great oil-producing rivals of the Middle East, have agreed to restore ties and reopen embassies, seven years after relations were severed, Al Jazeera reports.

According to the report, the agreement came after Chinese-brokered talks held in Beijing.

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