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Tag: China

  • Inflation in France hits record-high since 1990s

    Inflation in France hits record-high since 1990s

    Preliminary EU-harmonised statistics indicated that inflation in France surged more than projected in May to a new high, putting additional pressure on President Emmanuel Macron before upcoming legislative elections.

    Consumer prices rose 0.7 per cent in May, for a 12-month inflation rate of 5.8 per cent, up from 5.4 per cent in the last month and the highest rate since France started working on European Union methodology to generate the numbers in the early 1990s, as per the INSEE statistics.

    Inflation was predicted to grow to 5.6 per cent on average, considering a poll of eight economists in a report by Reuters.

    High inflation is at the top of France’s political agenda, and following the elections, Macron’s government has promised a new wave of measures to protect buying power.

    Apart from Malta, France has managed to maintain the inflation lower than the rest of the EU due to a 25 billion euro package of measures that includes, among other things, hefty price limits on gas and electricity.

    Annual inflation in France, as measured by the national consumer price index, climbed to 5.2 per cent in May from 4.8 per cent in April, reaching its highest level since September 1985, according to INSEE.

    This month, economists surveyed by Reuters projected an average growth rate of 5.0 per cent. In France, the national index is regularly monitored, whilst outside the country, the EU-harmonised index is used to assess inflation rates among euro-area nations.

  • Asian Games 2022 in China postponed due to Covid

    Asian Games 2022 in China postponed due to Covid

    This year’s Asian Games have been postponed for an indefinite period as China tries to stamp out a large resurgence in Covid infections in several parts of the country. The event was scheduled to be held in Hangzhou, China, from September 10-25, 2022.

    According to the official statement by the Olympic Council of Asia (OCA), the new dates will be agreed between the OCA, the Chinese Olympic Committee (COC) and the Hangzhou Asian Games Organising Committee (HAGOC) and will be announced in the near future.

    “HAGOC has been very well prepared to deliver the games on time despite global challenges. However, the above decision was taken by all the stakeholders after carefully considering the pandemic situation and the size of the games,” the statement further reads.

    However, last month the organisers of the games said that Hangzhou has completed constructing some 56 competition venues for the Asian Games and Asian Para Games.

    It is pertinent to mention that more than 11,000 athletes from 44 countries were to take part in the 19th Asian Games in September 2022.

    It has also been confirmed by the OCA that the 3rd Asian Youth Games 2021, originally scheduled to be held last year but was rescheduled for this year, are now officially cancelled.

    Most international sporting events in China have been postponed or cancelled since the start of the pandemic, with the notable exception of the Winter Olympics, which went ahead in Beijing under strict health controls in February.

  • Female suicide bomber is a double masters, mother of two: Who is Shari Baloch?

    Female suicide bomber is a double masters, mother of two: Who is Shari Baloch?

    The 30-year-old Shari Baloch committed a suicide bombing near the Confucius Institute of Karachi University on April 26. In the suicide attack, she targeted four people including Chinese nationals and a van driver, reports Independent Urdu.

    She was an educated woman who belonged from Kech, Balochistan. She had been with Balochistan Students Organisation-Azad (BSO Azad) since college. She later joined the separatist movement of the Majeed Brigade of the Baloch Liberation Army (BLA). She completed her master’s degree in education from Allama Iqbal Open University in 2014

    However, as per Urdu news reported that he completed a bachelor’s in Education (B.Ed) in 2014 and earned a Master’s degree in education in 2018. Later, she also earned a master’s degree in Zoology. As per her allegedly Twitter account, she has done M.Phil in education as well. She was married to a doctor and have two children together, one son and a daughter. She was teaching in a government school in Balochistan but the school did not confirm it yet.

    Her relative revealed to a reporter that most of the family members are part of the bureaucracy.

    According to her relative, “It is being said on social media that some members of Shari Baloch’s family went missing so she took such a step to take revenge but not a single person in her family has gone missing to date. She was ideologically committed to it, so maybe she took such a step.”

    Counter-Terrorism Department (CTD) Raja Umar Khattab also confirmed that it was the suicide attack that was carried out by a female clad-in-burqa. Police also released CCTV footage in which Shari Baloch was standing near the gate of the Confucius Institute. She blew up when a van was about to enter the institute at 1:52 pm.

    [TRIGGER WARNING] VIDEO MAY BE SENSITIVE TO SOME AUDIENCE

    https://twitter.com/Irumf/status/1518929328502890496

    Four people lost their lives including three Chinese nationals and a driver while three people survived from injuries including Ranger personnel, one Chinese national, and a security guard. The injured people were taken to a nearby hospital

    The deceased three Chinese nationals are identified as Prof. Huang GuiPing, Ding Mufang, and Chen Sai while Wang Yuqing received injuries.

    Later, Balochistan Liberation Army (BLA) took the responsibility for the suicide attack near the Confucius Institute.

    A spokesperson of BLA spokesman said, “Shari joined the Majeed Brigade two years ago and six months ago she confirmed that she was determined to carry out the attack. She has been active in her mission ever since.”

    A tweet from her husband, Habitan Bashir Baloch also came to light for appreciating his wife’s selfless act.

    He penned down, “Shari Jan, your selfless act has left me speechless but I am also beaming with pride today. Mahroch and Meer Hassan will grow into very proud humans thinking what a great woman their mother was. You will continue to remain an important part of our lives.

    https://twitter.com/HabitanB/status/1519041873691791362?t=-m4FM_PQuDEQQYY2WTSe1g&s=08

    “The police had received reports regarding security threats to Chinese nationals and security was also provided to them, however, no intelligence report of suicide attack through a female bomber was received,” the top police official said while speaking on Geo News program Aaj Shahzeb Khanzada Kay Saath.

    China has strongly condemned the recent suicide attack on Karachi University and extended deep condolences and sympathies to the families of the victims.

    In a statement, the Chinese Foreign Ministry spokesperson said, “The government of the People’s Republic of China expresses strong condemnation and indignation over this major terrorist attack and extends deep condolences to the victims and sympathies to the injured and bereaved families.”

    Assistant Minister of Foreign Affairs Wu Jianghao called the Pakistan Ambassador to China Moinul Haque and demanded that Pakistan should immediately make a thorough investigation into the tragic incident, and apprehend and punish the perpetrators to the full extent of the law. “We expect that Pakistan will take all possible measures to ensure the safety of Chinese citizens living across Pakistan and to avoid the recurrence of such cowardice incidents happening again.”

    Moin ul Haque, in a message, said, “The entire nation is in shock and mourns the loss of these precious lives including our Chinese friends.”

    Prime Minister (PM) Shehbaz Sharif also visited the Chinese Embassy in Islamabad after the incident to offer condolence over the incident.

    PM said, “The blood of the Chinese people should not be shed in vain, and those behind this incident will surely pay the price.”



  • Exclusive: PM Shehbaz says next army chief will be appointed as per rules, regulations

    Exclusive: PM Shehbaz says next army chief will be appointed as per rules, regulations

    Prime Minister (PM) Shehbaz Sharif on Tuesday called the PM House a ‘Jamhoori House’ (Democratic House) and said that his government believed in media freedom. In an interaction with journalists at the PM House on April 26, Sharif said that the previous government was not just incompetent and corrupt but had damaged the country’s economy and foreign relations. PM Shehbaz talked about several issues.

    New army chief

    PM said that he has the constitutional right to appoint a new army chief. He added that he will appoint the new army chief as per the constitution and rules and regulations when the time comes for his appointment. This was in response to a question about the appointment of a new army chief since General Bajwa will not take an extension as per DG ISPR.

    Pak-US relations

    While answering a question about Pakistan’s relationship with the US, PM said that the US is a superpower so we need to maintain good relations with them. “Amreeka dushmani hamaaray waaray nahin” (we cannot afford enmity with the US). He added that we need to do some stock-taking regarding Pak-US ties and improve relations with the US.

    Foreign Policy

    Talking about foreign relations, PM Shehbaz said that the previous government had alienated allies and friends. “How can we say that we can raise the Kashmir issue without Saudi Arabia?”

    PM said that the members of the previous government had lied about loans on 8% by China apart from allegations of corruption against Chinese investment by Pervez Khattak and several others in PTI. “China helped us get rid of load shedding by investing in power plants.”

    Saudi Visit

    PM will be visiting Saudi Arabia tomorrow (April 28-30) on the invitation of Crown Prince Mohammed bin Salman bin Abdulaziz. PM Shehbaz said that he is likely to meet the Saudi leadership during his visit.

    Load shedding

    He said that there there is no other reason for frequent load shedding other than the negligence of previous government for not buying LNG and furnace oil on time. He also criticised the previous government for its baseless allegations against the LNG contract signed by the previous PML-N government. He said that Qatar must have been amazed that instead of thanking them for such a good deal, PTI indulged in “ilzaam taraashi” [allegations].

    Economic crisis

    “Pakistan is going through one of the most difficult times. We are trying to take the country in the right direction. We have seen how Japan and Germany rebuilt their economies after tough times. We have the examples of South Korea and Bangladeshi economies too. Once upon a time, Pakistan had a better per capita income than China but look at us now. Our currency was better than India’s. When India was ahead of us in the steel industry, we were ahead of them in textiles.”

    “There is no point crying over spilt milk but now it is time to rebuild our economy,” said PM Shehbaz. He said that it will be a difficult challenge but is not impossible to bring back our lost place in the comity of nations by strengthening our economy. “Rome was not built in a day.”

    “If we were economically strong, our foreign policy would have been stronger.”

    PECA

    The PM was asked if roll back of PECA was on the cards, to which he said that his government believes in freedom of media and media will not have to face any curbs but they need to differentiate between truth and fake news. “Media should highlight our mistakes. We welcome that. But it should not spread fake news.”

    Missing files

    When asked that there are reports that some files have been taken by the previous government from the PM House regarding sugar scandal and other scandals, Shehbaz said that if he is given evidence about the missing files, he will find them.

    Accountability

    He said that in the name of accountability, there will be no revenge. “Ehtesaab ke naam par intiqaam nahin leinge,” said PM Shehbaz. He said that businessmen say they will not invest here because the National Accountability Bureau (NAB) will either arrest them or harass them. “Businessmen kehte hain ya NAB giraftaar kar leinge ya zaleel kareinge unko.”

    Elections

    The PM said that we will go for elections after carrying out necessary reforms, especially electoral reforms.

    Threat letter

    PM Shehbaz said that the National Security Committee meeting issued a clear statement that there was no conspiracy. “The punchline of the statement was that there is no saazish, no conspiracy.”

    Shehbaz said that if the threat letter was received on March 7, why did the PTI government talk about it on March 28? “March tak moonh mein taalay kyun laga kar baithay thay?” He asked when did the previous government turn this letter into a conspiracy. “When they knew they were going to lose in parliament. There is no question of a conspiracy whatsoever.”

    Karachi attack


    “The attack in Karachi University is a huge tragedy where three Chinese nationals died. China is our friend. I went to the Chinese Embassy in Islamabad for solidarity,” said PM. He added that Interior Minister Rana Sanaullah will go to Karachi on Wednesday (today) and help and coordinate with the Sindh government. “After our Saudi visit, we will hold a comprehensive meeting on security.”

    Afghanistan

    Afghanistan is not just our neighbour but our “baraadar mulk” (brother country). “If there is peace in Afghanistan, there will be peace in Pakistan. What is good for Afghanistan is good for Pakistan.”


    PTI resignations

    PM said that they have found out that many resignations were taken by force from PTI MNAs and were not given voluntarily. “We will know the truth when the legal process has been completed.” He was asked whether the government could convince PTI to take back its resignations to be an effective Opposition.

    PTI long march

    While answering a question about Imran Khan’s call for march to Islamabad, PM said that if they won’t do anything unlawful, nothing will happen to them but he won’t allow anyone to spread anarchy on the roads.

    Pak Army

    The PM said that the Pak Army has given a lot of sacrifices for this country. “It is wrong to say anything negative about Pakistan’s army. It is condemnable,” said the PM when responding to a question about social media trends against the army.

  • ‘Will not allow anyone to relax’: PM Shehbaz says not to visit China until load-shedding over

    Prime Minister (PM) Shehbaz Sharif has taken notice of the long hours load-shedding across the country following his visit to different areas and departments in Lahore on Sunday, reports Geo News.

    “Immediate steps must be taken to reduce power outages by May. Until we get rid of load-shedding, I will not leave for China, neither will allow anyone to relax,” the premier declared.

    Shehbaz Sharif further said that tangible measures should be taken for the availability of oil and gas resources to operationalise closed thermal power plants.

    In the ongoing holy month of Ramazan, Pakistan has severely been hit by power outrages and various cities of the country are experiencing 10-12 hours power loadshedding.

    PM Shehbaz claimed that the previous government made the nation paid for Rs100 billion due to wrong decisions. “The nation will have to pay Rs500 billion extra this year as such due to the poor planning and incompetence of the previous government,” Shehbaz regretted.

    “Due to the negligence of the previous rulers, one Liquefied Natural Gas (LNG) ship that was available for Rs6 billion is now costing Pakistan a humongous amount of Rs20 billion”, PM Shehbaz revealed. 

    On a weekly-day off, the PM paid a surprise visit to Ramazan bazaar in Johar Town and visited Pakistan Kidney and Liver Institute (PKLI) in the Punjab capital.

  • Oil prices jump following Russia’s biggest production decline

    Oil prices jump following Russia’s biggest production decline

    Oil prices rose on April 13, after concerns that declining output in sanctions-hit Russia may affect supply, following the Russian announcement that peace negotiations to stop its invasion of Ukraine had reached a stalemate.

    Consequently, Brent crude futures were up 59 cents, or 0.6 per cent, to $105.23 a barrel, while West Texas Intermediate (WTI) crude futures were up 60 cents, or 0.6 per cent, to $101.20 a barrel. The previous session saw both contracts rise by more than 6%.

    On Tuesday, Russian President Vladimir Putin criticised Ukraine for the termination of peace talks and stated that Russia will not abandon its “special operation” to disarm its western neighbor.

    He stated that peace talks with Ukraine are at a stalemate, but that the seven-week operation is going as planned. In a note, ANZ oil experts stated that this raises the threat of the prolonged potential of supply disruptions in the oil sector.

    According to those familiar with the figures, Russian oil and gas extract output declined below 10 million BPD on April 11, the biggest drop since July 2020, as a result of sanctions imposed by numerous nations after Russia invaded Ukraine and logistical difficulties, which hindered business.

    This is quite serious as Russia is the world’s second-largest oil exporter.

    According to reports, Russia’s Energy Minister Nikolai Shulginov said late Tuesday that the government was willing to sell oil and oil products to “friendly countries in whatever price range,” adding that Moscow was focused on guaranteeing the oil sector’s proper functioning.

    Read more: International oil prices declined by 4%, crashing below $100 per barrel

    Meanwhile, indications of a partial relaxation of some of China’s strict COVID-19 restrictions have fueled optimistic sentiment between some market players this week.

  • ‘Ready to move forward on Kashmir if India agrees’: General Bajwa

    ‘Ready to move forward on Kashmir if India agrees’: General Bajwa

    Chief of Army Staff (COAS) General Qamar Javed Bajwa on Saturday said that Pakistan continues to believe in using dialogue and diplomacy to resolve all outstanding issues, including the Kashmir dispute.

    “Pakistan is ready to move forward on this front if India also agrees to do so,” the COAS said.

    “I believe it is time for the political leadership of the region to rise above their emotional and perceptional biases and break the shackles of history to bring peace and prosperity to almost three billion people of the region.”

    Khanewal Indian Missile incident

    Gen Bajwa termed India’s “accidental” launching of a supersonic missile into Pakistan on March 9 a matter of “serious concern”.

    “We expect India to provide evidence to assure Pakistan and the world that their weapons are safe and secure.”

    “Unlike other incidents involving strategic weapons systems, this is the first time in history that a supersonic cruise missile from one nuclear-armed nation has landed in another,” he said.

    Relationship with the US

    “Pakistan does not believe in camp politics and our bilateral relations with our partners are not at the expense of our relationships with other countries.”

    He said that Pakistan sought to broaden and expand relations with both China and the US “without impacting our relations with [either]”.

    In addition, relations with the European Union, the United Kingdom, Gulf countries, South East Asia and Japan were also important for Pakistan’s progress, the COAS said.

    Pakistan enjoyed a close strategic relationship with China, which was demonstrated by the country’s commitment towards the China Pakistan Economic Corridor (CPEC), he said, adding, “Equally, we share a long and excellent strategic relationship with the US, which remains our largest export market.”

    Afghanistan situation

    “Pakistan recognises that it is the regions and not countries that grow. This is why we believe that peace and stability in our wider region are prerequisites for achieving shared regional prosperity and development. In this regard, our doors are open for all our neighbours,” the COAS said.

    The army chief cautioned that an inability to address the issues would “not only lead to a refugee crisis but will again make Afghanistan an epicentre of terrorism where [the Islamic State] with its global agenda flourishes [and] may result in more than one 9/11”.

    Gen Bajwa stressed the need for the international community to support the Afghan government. “The performance of present Afghan government is not satisfactory, to say the least, but we have to be patient and accommodative.”

    “While Pakistan shares some of the concerns of the international community, we believe disengagement with Afghanistan is not an option,” he stressed.

  • Pak-China trade to resume through Khunjerab pass after 2-year hiatus

    A lucrative trade route connecting Pakistan and China, the Khunjerab Pass will finally reopen for trade activities on April 1, 2022 after more than a 2-year hiatus. The pass was closed in November 2019 as a preventive measure against the spread of COVID-19.

    As per a credible resource, Chinese authorities sent Pakistan a letter requesting the reopening of the border, in reference to the agreement made in May 2013 between the neighboring countries.

    Port authorities on the Chinese side have been advised to take all preventive measures related to the COVID-19 outbreak.

    Likewise, the Pakistani border authorities have also been instructed to take all necessary precautions to prevent the spread of coronavirus spread.

    The Khunjerab Pass was temporarily opened for less than two weeks from July 29, 2020 to August 10, 2020 to allow the passage of stranded containers filled with goods. The prolonged closure of Khunjerab Pass had caused severe financial hardships to the local business community.

  • VIVO to launch its first-ever tablet by next month

    VIVO to launch its first-ever tablet by next month

    The smartphone maker ‘vivo’ has finally revealed that it is launching its first tablet in the next month. Two of its products including vivo X Note and vivo X Fold were already expected to launch in the coming days.

    A new feature offered in the upcoming tablet is that it will have stylus support, which will be the company’s first-ever pointing tool.

    The device itself will be equipped with an 8 MP front camera and dual cameras at the back with 13 MP and 8 MP modules, accompanied by a LED flash.

    It will be offered with a Bluetooth magnetic keyboard, however, it is hard to say if the company will include it in the box, as it seems like an additional accessory. The vivo pad comprises four speakers for an enhanced audio experience with two microphones on the top and right.

    Coming towards the operating system (OS), the pad is likely to use vivo’s Ocean OS, with the latest android underneath. Keeping in view the leaked renders, the pad is likely to have an 11-inch O-LED display with Dolby Vision for crisp and vibrant visuals, linked to Dolby Atmos for an excellent audio surround.

    As per many credible reports, the Pad will most probably launch within a month. Hopefully, we may get to know about all of its key features in the coming days or at vivo’s upcoming launch event.

  • Chinese Foreign Minister pays unannounced visit to Kabul

    Chinese Foreign Minister pays unannounced visit to Kabul

    Chinese State Councilor and Foreign Minister (FM) Wang Yi arrived in Kabul on Thursday after attending the three-day Organisation on of Islamic Conference (OIC) in Islamabad, which ended on Wednesday. His visit was not announced earlier.

    Yi is the first senior Chinese leader to visit Afghanistan after the Taliban’s takeover in August. He was received by Afghanistan’s acting Foreign Minister Amir Khan Muttaqi.

    The two sides will hold talks on important issues, focusing on China’s role in stability and development, reports Afghan state-run Bakhtar News Agency.

    On March 30-31 Beijing is set to host a two-day conference to discuss the Afghan situation. It is pertinent to mention that the Taliban government is yet to be recognised by any country.

    Foreign Minister Yi last visited Kabul in 2017 after a huge bombing incident after which he tried to ease tensions between Afghanistan and Pakistan.

    China has been involved in the Afghan peace process since the US started its withdrawal of troops in 2014. Moreover, in the past few years, Taliban political representatives have paid several visits to China.