Author: admin

US President Donald Trump’s reciprocal tariffs has produced a seismic shift in the international trading and economic system. It seems that neocons of Trump-capitalism have lost all vital economic wisdom putting the international cooperation and community in the line of fire.  It imposed 54 percent tariffs on Chinese goods which have no economic and trade justifications. Most recently, the policy makers of China strongly opposed the U.S. abuse of tariffs dubbing it as unwise and irrational, severely violating the WTO rules and harming the rule based global governance and multilateral system. It further stated that the US imposed reciprocal tariffs on all…

Recently, the United States, in disregard of widespread opposition at home and from international community, announced that it would impose so-called “reciprocal tariffs” ranging from 10% to 50% on all its trading partners. It severely infringes upon the legitimate rights and interests of nations, severely violates World Trade Organization rules, severely harms the rules-based multilateral trading system, and severely disrupts the stability of the global economic order. The Chinese government strongly condemns and firmly opposes this. The actions taken by the United States violate fundamental economic principles and market norms, disregard the balanced outcomes achieved through multilateral trade negotiations, and ignore…

BEIJING (Xinhua) : The Chinese government’s position on opposing U.S. abuse of tariffs was released on Saturday. Recently, under various pretexts, the United States has imposed tariffs on all trading partners, including China, which severely infringes upon the legitimate rights and interests of nations, severely violates World Trade Organization rules, severely harms the rules-based multilateral trading system, and severely disrupts the stability of the global economic order. The Chinese government strongly condemns and firmly opposes this. According to a statement on the Chinese government’s position, the actions taken by the United States violate fundamental economic principles and market norms, disregard…

In recent days, a magnificent sea of rhododendrons nestled on Mulan Yunwu Mountain in central China’s Wuhan has joyously entered its highly anticipated full bloom period. As far as the eye can see, a palette of vibrant colors and delicate petals stretch out, painting a picture of natural beauty that is truly second to none.

The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) has voiced strong opposition to the U.S. “reciprocal tariffs.” Noting that the U.S. has announced tariff hikes on imports from China under the pretext of reciprocity, the CCCMC said the move seriously violates WTO rules and undermines the legitimate rights and interests of WTO members.

The China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products (CFNA) expressed strong opposition to the U.S. “reciprocal tariffs,” calling it an act of trade protectionism, the chamber said on Saturday. In a statement responding to the tariff announcement, the chamber affirmed its full support for all countermeasures taken by the Chinese government to protect national interests and the rights of enterprises. The U.S. decision violates international trade rules and severely harms China’s legitimate rights and interests. It will not yield any economic benefits for the U.S. and will also disrupt global industrial and…

On April 4 this year – which was Qingming, or Tomb-Sweeping Day – the annual silkworm flower temple fair aimed at praying for a rich cocoon harvest was held in Xinshi Ancient Town, Huzhou, located in east China’s Zhejiang Province. A host of fascinating folk performances, such as the magnificent procession of elaborately decorated flowered sedan chairs and the enchanting scattering of silkworm flowers over the surface of water, drew crowds of locals and tourists. The annual silkworm flower temple fair aimed at praying for a rich cocoon harvest is held in Xinshi Ancient Town, Huzhou, east China’s Zhejiang Province…

Pakistan Stock Exchange (PSX) reached a historic milestone as the KSE-100 Index crossed the 120,000-point mark for the first time in history. During trading, the index saw a surge of over 1,800 points, reaching 120,793 points at one stage. Earlier, it had gained 1,427 points, touching 120,365 points. The sharp rally reflects strong investor confidence and bullish sentiment in the market, setting a new benchmark for the PSX. Since the beginning of January 2025, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index has demonstrated notable growth.nOn January 1, 2025, the index surged by approximately 1,900 points, closing at 117,008.08. The…

International markets witnessed a sharp decline in crude oil prices, with a 7% drop recorded. According to global media reports, Brent crude oil prices fell by $5.04, reaching $69.91 per barrel, while U.S. crude oil dropped $5.13, settling at $66.58 per barrel. Meanwhile, natural gas prices rose by 2%, with the new rate standing at $4.14 per MMBtu. The decline in oil prices follows U.S. President Donald Trump’s decision to impose heavy tariffs on over 100 countries, which disrupted global markets. Additionally, the OPEC+ alliance’s decision to increase oil production earlier than planned further pushed prices downward. In its latest…

The intensity of heat is increasing in Lahore, with temperatures expected to reach 40°C in the coming week, according to the Meteorological Department. As of today, Lahore’s maximum temperature is recorded at 34°C, while the current temperature stands at 31°C. The heatwave is likely to intensify starting Sunday, with no forecast of rain in the coming days. Weather experts predict further rise in temperatures, urging residents to take precautions against the heat. Continental air continues to prevail over most parts of the country, keeping weather conditions hot and dry. On Friday and Saturday, most regions are expected to experience hot…