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Arab News
18-05-2025
- Business
- Arab News
Pakistani companies showcase precious gemstones, minerals at international expo in China
ISLAMABAD: Around 10 Pakistani gems and minerals companies are showcasing their specimens at the ongoing China Nanjing (International) Mineral, Gemstone & Fossil Expo to prospective buyers, state-run media reported this week. The third edition of the expo, which is being held from May 15-19 in the Chinese city of Nanjing, has attracted over 500 exhibitors from more than 50 countries, state-run Associated Press of Pakistan (APP) said in a report on Saturday. Various companies from around the world have displayed minerals, gemstones, fossils, and meteorites at the exhibition. 'Pakistani exhibitors are presenting a dazzling array of emeralds, tourmalines, topaz, morganite, quartz, aquamarine, pyrite, marble and onyx specimens from regions such as Gilgit Baltistan, Balochistan, and Khyber Pakhtunkhwa,' APP reported. It cited a report from Chinese business news website China Economic Net as saying that Pakistani specimens have attracted 'significant interest' from international buyers and collectors at the expo. Pakistan has significant gemstone reserves, particularly in its northern and northwestern regions, which include a variety of high-quality stones such as peridot, aquamarine, topaz, ruby, and emerald. There are 18 types of gemstones in Pakistan for which 178 major mining licenses have been issued. 'Pakistan possesses extraordinary geological treasures, and our trade ties with China are expanding beyond gemstones to industrial minerals,' Ghulam Mustafa, an exhibitor representing the Fine Art Minerals company, told APP. 'The response to our display has been phenomenal. Visitors are truly impressed by Pakistan's natural wealth,' he added. Muhammad Sadiq from Fine Nagar Gems and Minerals company returned to this year's exhibition with a larger collection of specimens. 'Last year feedback was incredibly positive and we are very optimistic about this year sales and orders,' Sadiq said. Pakistan hosted an international minerals summit in Islamabad last month. The summit aimed to attract foreign investment in the country's mining sector, seeing participation from major international companies including Canada-based Barrick Gold and government officials from the United States, Saudi Arabia, China, Turkiye, the United Kingdom, Azerbaijan and other nations. Islamabad hopes it can export its precious gemstones and minerals as it eyes sustainable economic growth driven largely by exports.
Express Tribune
25-03-2025
- Business
- Express Tribune
Pakistan gears up for key role at Boao Forum
Listen to article Pakistan is poised to play a significant role at the Boao Forum for Asia (BFA) 2025, a crucial platform shaping the continent's economic landscape amid global uncertainties. With high-level participation from Pakistan's finance ministry, the Ministry of Commerce and the diplomatic corps, the country aims to contribute to discussions on regional cooperation, trade and economic growth, according to Pakistan's Ambassador to China Khalil Hashmi. He emphasised the pivotal role of the Boao Forum for Asia as a cornerstone for enhancing the continent's economic ambitions and tackling global challenges. In an interview with China Economic Net, Hashmi described the forum as a "critical platform to articulate Asia's strengths and shape the international economic order."
Gulf Today
25-03-2025
- Business
- Gulf Today
China offers immense investment opportunities in consumer market
China presents immense opportunities for investment and growth in its consumer market, driven by consumption upgrading, according to a report released by PwC recently. China Economic Net said that the report highlighted rising demand from youth, rural populations, and elderly consumers, with China's 2024 GDP growing by 5 per cent, equivalent to the economy of a mid-sized country. The Chinese government has also rolled out measures to boost consumption, including income growth initiatives and trade-in programmes for homes and vehicles. Emerging trends include young consumers driving demand for immersive experiences and smart products, rural areas showing strong appetite for appliances and e-commerce, and the elderly contributing significantly to premium consumption sectors such as health, tourism, and education. Technological innovation and sustainability are further enhancing market dynamics. Retail sales rose by 4 per cent in early 2025, while sales of energy-efficient appliances and new energy vehicles surged during the Spring Festival. Global executives from Siemens, Corning, and S4 Capital underscored China's robust consumer market and reaffirmed long-term investment plans, citing its innovation-driven, high-quality growth trajectory. Meanwhile China's central bank said it will change the way it sells its medium-term loans, a move that market participants say may further erode the significance of role of such a bond instrument in guiding monetary policy. The People's Bank of China said it will issue 450 billion yuan ($62.03 billion) of one-year medium-term lending facility (MLF) loans on Tuesday. And starting this month, MLF loan operations will be carried out by adopting a fixed-quantity, interest-rate bidding, and multiple-price bidding method, the PBOC said. 'The fixed volume, auction by bids is another step taken to fade the role of MLF rate as a policy guidance,' said Frances Cheung, head of FX and rates strategy at OCBC Bank. 'The rates will now be determined by a price discovery process which will help policy maker to gauge market demand at different interest rate levels.' The adjustment will 'keep banking system liquidity reasonably ample,' the PBOC said in a statement, 'and better fulfil differentiated funding needs at different institutions.' China's central bank has shifted to use the seven-day reverse repo rate as its main policy rate, and gradually faded the significance of interest rates on other bond tools. A batch of 387 billion yuan in MLF loans was due to expire this month. Tuesday's operation is expected to inject 63 billion yuan on a net basis into the market to 'help support market liquidity,' OCBC's Cheung said. China's central bank said on Friday that it will cut banks' reserve requirement ratio and interest rates at the 'appropriate time,' according to a quarterly meeting of its monetary policy committee.
Express Tribune
20-03-2025
- Business
- Express Tribune
Precious gems sparkle at Jewellery Fair in Beijing
Listen to article "You ask me what the exhibition has brought us? Actually, I do not need to say anything, this is the answer," said Muzaffar Ahmed Bhat, a jewellery and handicraft trader from Tehran, excitedly, pointing to the endless stream of customers at his booth. At the Beijing International Jewellery Fair, Burmese rubies, Kashmir sapphires, Colombian emeralds, Australian gems from different countries and regions sparkle with brilliant light, firmly attracting the attention of customers. Covering an area of 22,000 square metres, the exhibition attracted more than 1,000 jewellers from home and abroad. "Since I came to Beijing in 2012, the China International Fair for Trade in Service, the China International Import Expo, the China International Supply Chain Expo, as well as jewellery and handicraft exhibitions of various sizes have all been great opportunities for us to expand business. Now, I have established my brand store in Beijing, with a stable customer network," Muzaffar told China Economic Net (CEN) while displaying tapestries inlaid with various gemstones and greeting customers who stopped at the booth. "When I first came to China, I knew almost nothing about this country except that a huge market. But soon, with the help of staff from relevant departments, I took the first step. In addition to the market size, a series of targeted guidance and preferential policies given to foreign business people have greatly helped me. From an outsider to a fish in water, I must say that here is the safest and most prosperous market. Next, I will further expand the scale of my business." Another foreign trader, Suresh from Sri Lanka, was also busy greeting customers trying on the gem necklaces and rings he brought from his hometown. "As we all know, Sri Lanka is a famous gemstone country with rich resources. In addition to the most famous sapphire, ruby, garnet, spinel and cat's eye are also well-known. More than just looking for sales, we are also seeking suitable Chinese partners here." Suresh told the CEN reporter that in the next step, he is ready to do a more targeted positioning survey of consumer preferences in the Chinese market, and put more novel and fashionable products to anchor the preferences of young generation. "Young people pay more attention to personalised expression; thus, we need to constantly innovate to meet their demand." The 2024 China Jewellery Industry Development Report, released at the same day, shows that in 2024, the market size of China's jewellery and jade jewellery industry was about 778.8 billion yuan, with the international trade field of jewellery achieving double growth in import and export, hitting a new record high. Data from the General Administration of Customs shows that the total import and export volume of China's jewellery industry in 2024 was $154.732 billion, an increase of 6.46%. Among them, exports increased 14.7% to $35.83 billion and imports increased 4.3% to $118.893 billion.
Trade Arabia
19-03-2025
- Business
- Trade Arabia
Chinese wind turbine makers lead 2024 global installations
China accounted for six of the top 10 wind turbine makers globally in 2024, based on the latest report by BloombergNEF (BNEF), and the top four were all from China alone for the first time since BNEF began publishing the ranking in 2013, reported WAM. According to China Economic Net, Goldwind continued to lead the global rankings as the largest turbine provider, with an additional capacity of 19.3 GW in 2024. Envision retained the second position with 14.5 GW. Windey and Mingyang secured the third and fourth positions, respectively, with 12.5 GW and 12.2 GW. Vestas, the Danish manufacturer, ranked fifth with 10.2 GW. China is actively and prudently working towards peaking carbon emissions and achieving carbon neutrality through developing renewables. Over the next three years, China's solar PV and wind generation are expected to continue their strong growth at average annual rates of almost 30% and 18% separately, which are forecast to meet more than 85% of the increase in China's electricity demand over the outlook period, according to a new electricity report by International Energy Agency (IEA) in March.
