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Chinese firm to invest $20m in taxi, cargo services in Pakistan

Chinese firm to invest $20m in taxi, cargo services in Pakistan

    By Nasir Aijaz AsiaN Correspondent Islamabad: A Chinese firm is working on comprehensive business plan to provide five important services in Pakistan, initially investing $20 million, with prospects of $600m in the future. Chinese company Time-saco intends to provide a rapid services platform to citizens by launching five special services including a taxi […]

China’s efforts to increase R&D investment pay off

China’s efforts to increase R&D investment pay off

China’s increasing investment in R&D is paying off as the country spares no effort to implement its innovation-driven development strategy. Zhongguancun Science Park, the first hi-tech industry pilot zone in China, achieved outstanding performance in the first quarter of this year. High-tech firms above designated level based in the zone saw total revenue of 1.3 […]

S. Korea to invest 3 tln won in biotech sector this year

S. Korea to invest 3 tln won in biotech sector this year

South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and ICT will contribute 1.15 trillion won, […]

China vows to invest $45 million in Potala ancient literature protection

China vows to invest $45 million in Potala ancient literature protection

China pledges to invest 300 million yuan ($45 million) in the next 10 years to start its largest-scale protection and digitization project of ancient books in historical landmark Potala Palace,a World Heritage site in Southwest China’s Tibet Autonomous Region. The restoration work involves preventative protection, specific restoration measures, digital preservation and exhibitions of precious ancient […]

China’s ODI exceeds $100 billion in first 11 months

China’s ODI exceeds $100 billion in first 11 months

Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and Economic Cooperation with the MOC […]

Invest Mongolia Calls for Regaining Investor Trust

Invest Mongolia Calls for Regaining Investor Trust

During this year’s Invest Mongolia, which addressed the interests of investors in the state policies of the new Cabinet, foreign investors advised the Mongolian government to take measures to regain their trust in order to improve foreign investment in the country. From September 5 to 6, the forum’s attendees discussed and exchanged views on the […]

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