2020-12-24T05:00:00
CHINA: The TSTCBTC 2.0 signalling system developed by the Thales SEC Transport joint venture has received China Urban Rail Certification from the National Development & Reform Commission and the National Certification & Accreditation Administration.
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Ex-Finance Minister’s Call for Bond Market Reform Sparks Central Bank Pushback
Although reform of China’s stock markets has accelerated since the meltdown in the summer of 2015, reform of the bond market has lagged, a former Chinese finance minister said in a recent criticism of the market reform efforts. Photo: IC Photo
A row over how to overhaul China’s bond market has spilled over into the public domain after former Finance Minister Lou Jiwei launched a broad-brush attack on the country’s regulators and warned that if reforms aren’t speeded up, the market could well be the source of another buildup of financial risk.
Pakistan on brink of inking industrial accord with China
Business
December 16, 2020
ISLAMABAD: Pakistan and China has initiated consultation on the ‘framework agreement’ for industrial cooperation to develop B2B joint ventures, realise Special Economic Zones (SEZs) and industrialisation under the second phase of CPEC, officials said on Tuesday.
“Prime Minister Imran Khan has already given approval to it. After consultation, both the countries will formally sign this framework agreement,” a senior official said.
On Tuesday, representatives from both the countries held the fifth meeting of Joint Working Group (JWG) on industrial cooperation under CPEC through video conference.
The Chinese side appreciated the efforts undertaken by Pakistan to elevate the MoU (Memorandum of Understanding) on industrial cooperation into a Framework for an increased cooperation under CPEC and agreed to continue consultation for its signing at the earliest. They also hailed the idea of joi
Joint Working Group on CPEC Agrees on Framework Agreement on Industrial Cooperation
The 5th meeting of the Joint Working Group (JWG) on Industrial Cooperation (IC) under China Pakistan Economic Corridor (CPEC) was held via video conference regarding the Framework Agreement on CPEC Industrial Cooperation (IC).
It was co-chaired by Additional Secretary and Executive Director General of Board of Investment (BOI), Khashih-ur-Rehman, and Director General of National Development & Reform Commission (NDRC), People’s Republic of China, Ying Xiong.
Officials from line ministries, provincial governments, and embassies also attended the meeting.
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He said that this framework was also open to third party participation.