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China’s connectivity drives new digital bs models

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China's connectivity drives new digital bs models

BEIJING: China’s leading position in telecommunication networks is expected to drive new digital business models worth tens of billions of US dollars, said a report by global auditing and consultancy firm Deloitte.

The report highlights the country as the world’s largest base of fixed and mobile internet users, with more than 825 million people projected to be online at the start of 2019, as well as its emergence as one of the world’s leading 5G markets. “China’s strengths in connectivity will likely be a key factor in enabling it to diversify from manufacturing technology to developing and executing new digital business models,” said the report.

The report listed bandwidth-hungry applications such as machine vision, social credit and new retail as the new fields that can generate tens of billions of dollars annually. Deloitte Global also predicts that revenues for semiconductors manufactured in China will grow by 25 percent to about 110 billion dollars in 2019 from an estimated 85 billion dollars in 2018, to meet the increasing domestic demand for chipsets driven in part by the growing commercialization of artificial intelligence.

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Pakistan to receive $2.1b from China

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China remains largest holder of U.S. Treasuries

ISLAMABAD: According to the Ministry of Finance, it has completed all procedural formalities with Chinese counterpart for a facility of $ 2.1 Billion. 

The amount, due to be received on Monday 25th of March, would further strengthen the country’s balance of payment situation. The funds that would be deposited in SBP would also strengthen foreign exchange reserves position.

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Modi’s rêve of an atmosphere free of terror

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ISLAMABAD: PM Imran Khan took to the twitter to inform the nation that his Indian counterpart has extended his greetings and best wishes to the people of Pakistan.on 23rd March.

According to the tweet, Modi said it was time that people of Sub-Continent worked together for a democratic, peaceful, progressive and prosperous region, in an atmosphere free of terror and violence.

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Trump drops new N. Korea sanctions 

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Trump warns Kim over 'rebuilding' of North Korea rocket site

WASHINGTON: President Donald Trump on Friday abruptly announced the cancellation of sanctions imposed by his own Treasury Department to tighten international pressure on North Korea.
“It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea. I have today ordered the withdrawal of those additional Sanctions!” Trump said in a tweet. He appeared to be referring to measures unveiled Thursday that targeted two Chinese companies accused of helping North Korea to evade tight international sanctions meant to pressure Pyongyang into ending its nuclear weapons program.
But The Washington Post reported, citing Trump administration officials, that the president’s tweet referenced future sanctions that had not been announced and were scheduled for “the coming days.” The Thursday sanctions were the first new sign of pressure since talks between Trump and North Korean leader Kim Jong Un broke down in Hanoi less than a month ago. However, Trump, who has previously spoken of “love” for the totalitarian leader, appears to retain hope that his strong personal relationship will bear fruit.
“President Trump likes Chairman Kim and he doesn’t think these sanctions will be necessary,” the president’s spokeswoman, Sarah Sanders, said. Adam Schiff, a Democrat who heads the intelligence committee in the House of Representatives, blasted Trump for cancelling sanctions “imposed only yesterday and championed by his own national security advisor, because he ‘loves’ Kim.”
“Foolish naivete is dangerous enough. Gross incompetence and disarray in the White House make it even worse,” Schiff tweeted. On Thursday, Trump national security advisor John Bolton had tweeted that the sanctions were meant to put an end to “illicit shipping practices” by North Korea. “Everyone should take notice and review their own activities to ensure they are not involved in North Korea’s sanctions evasion,” he said.
China complained, saying that it did enforce all UN resolutions and opposed “any country imposing unilateral sanctions and taking long-arm jurisdiction against any Chinese entity according to their own domestic laws.” This was Trump’s second major, unexpected foreign policy announcement by Twitter in two days. On Thursday, he sent a tweet reversing decades of US policy and pledged to recognize Israeli sovereignty over the hotly contested Golan Heights border area with Syria.

 

 

 

 

 

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