China and Europe are both proponents of an inclusive trade system where the predictability and certainty provided by them is a balancing force against unilateralism. The global multilateral arrangement could have easily reached its tipping point if it was not for the willingness of China and Europe to keep it functioning.
China is further broadening market access to the financial sector and increasing the diversity of foreign funded financial institutions.
Touted as a “game-changer,” AfCFTA is one of the flagship projects of the Africa Union’s (AU) “Agenda 2063: The Africa We Want,” a blueprint and master plan for transforming the continent into a global powerhouse of the future.
Leaving a healthy planet for future generations is our moral obligation. Therefore, every well-intended effort should be supported and actively adopted to keep our planet clean and green.
“Without wetlands, the global agenda on sustainable development will not be achieved. We need urgent collective action to reverse trends of wetland loss and degradation, and secure both the future of wetlands and our own at the same time.”
Globalization is facing threats due to the inward-looking policies of some nations. Events like the Summer Davos help break the shackles and provide new space and new energy to think anew for a better world based on common values.
Bangladesh has accomplished enviable success in the field of digitization. It has thus been a role model in the world. However, the innovation of AI and speedy developments of the Fourth Industrial Revolution create new challenges.
“We reaffirm our commitment to multilateralism and international law, and our full support to the rules-based multilateral trading system with the WTO at its center.”
Japan, assuming the G20 presidency for the first time, has expressed its explicit commitment to rebuild trust in the global trade system.
A 2015 IMF report ranks Pakistan third among countries facing such scarcity, with 2025 seen as a crisis point, if not before. BRI is an opportunity that Pakistan intends to fully utilize to overcome its trade and energy deficiencies.
A joint report released last month by four prominent Chinese think tanks has shed new light on Shanghai’s commercial potential. Ranking it the best business city in China, the WANB Institute, China Strategic Culture Promotion Association, China Economic Media Association, and YICAI Research Institute analyzed a series of interdependent factors that contribute to Shanghai’s urban business environment index. The result was not a complete surprise since Shanghai has been leading China’s growth for quite some time. But the study does offer an opportunity for China watchers to understand what makes the city’s economy so remarkable. One of the major reasons for Shanghai’s success is the infrastructure index that turned out to be the highest in all of China. The city has established itself as the de facto business capital by modernizing its infrastructure to cater to businesses from across the globe heading to China to benefit from the world’s second-largest economy. A monumental US$21 billion investment last year was spent on mega projects such as the construction of the Yangshan deepwater port, the renovation of the Hongqiao International Airport and the expansion of the metro network. Shanghai is the world’s fifth largest financial hub and is working its way up to becoming the global leader. This January, an action plan was approved by the State Council to make the city […]
The government, as well as the wider ranks of parliamentarians, still have to decide what to do about Britain’s contentious membership of the European Union (EU).
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