Amidst the escalating real estate crisis in China, Evergrande, a prominent player in the property sector, has sought bankruptcy protection in the United States aimed to safeguard its assets within the US while engaging in negotiations for an agreement with its creditors.
Chinese President Xi Jinping and leaders of Central Asian states have signed a pivotal declaration, emphasizing their commitment to supporting each other and strengthening ties.
China has increased its defense spending for 2023, allocating a slightly larger share of its budget to military spending, as it seeks to become a regional military power.
Pakistan and Italy are moving towards strengthening commercial and economic ties and the business community in both countries is hopeful that the year 2023 would record a higher trade volume.
Qatar has announced a groundbreaking $5.5 billion (20 billion Qatari Riyal) development project named Simaisma tourist project, featuring a colossal theme park set to surpass the iconic Walt Disney World's Magic Kingdom in size.
