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Pakistan’s Initiatives and Investment Strategies for IT Future.

6 October 2023

by writelyhub.com with No Comment Economy Freelancing Jobs PAKISTANI STUDENTS Technology

Introduction:

Pakistan’s Data Innovation (IT) segment is on the cusp of noteworthy change, much appreciated by the government’s commitment to cultivating development and boosting financial development. With a center on expanding IT sends and moving forward computerized framework, the government has started different key plans and speculations to move the country’s IT industry to unused statures. In this article, we’ll investigate later advancements and activities aimed at fortifying Pakistan’s IT division, from financing new companies to growing computerized frameworks.

The IT Startup Fund: Boosting Financial Accessibility:

To spur growth in the IT startup ecosystem, the government has allocated a substantial fund of $100 million. This fund aims to provide critical early-stage capital to startups, addressing their financial challenges and enabling them to thrive. It brings together the IT Ministry, donors, and private partners to facilitate basic capital infusions. The expedited establishment of this fund underscores the government’s commitment to nurturing the entrepreneurial spirit in Pakistan.

A dynamic IT department:

Pakistan’s IT department is actively engaged in implementing comprehensive plans to boost IT exports, aiming to raise them from $2.6 billion to $15 billion. These plans include the creation of technology zones and the development of telecom infrastructure, emphasizing cloud infrastructure development. The government’s proactive approach is evident in its commitment to executing digital economy plans effectively.

Digital Economy and Investment Facilitation:

The government’s vision extends to the development of a digital economy, with a clear plan of action to make it a reality. Infrastructure sharing frameworks and IT sector growth are part of a master plan to facilitate investment. The Special Investment Facilitation Council, using its platform, will ensure the plan’s successful implementation, enhancing investment in the IT sector.

Skill and Talent Development:

Recognizing the importance of a skilled workforce, Pakistan is investing in the development of talent. Plans to train 1 million freelancers and establish freelancing centers are underway. In addition, a long-term initiative aims to train an additional 200,000 high-tech IT human resources.

Regulations and Policies for the Future:

In the coming months, the government plans to finalize regulations for smart financing of smartphones. A committee of experts will also assess Artificial Intelligence (AI) policies to harness the potential of AI in various sectors, further solidifying Pakistan’s stance in the digital realm.

Pakistan’s Initiatives and Investment Strategies for IT Future.

Conclusion:

Pakistan’s IT segment is balanced for significant development, with the government’s key activities and ventures laying the establishment for a flourishing advanced economy. The establishment of the IT Startup Fund, the expansion of digital infrastructure, and the commitment to nurturing talent all signify a proactive approach to IT sector development. As Pakistan works towards achieving its ambitious goals, the future looks promising for the nation’s IT industry. These initiatives not only hold the potential to enhance economic growth but also position Pakistan as a formidable player in the global IT landscape.

Pakistan’s Initiatives and Investment Strategies for IT Future – Summary

Aspect	Details
IT Startup Fund	$100 million fund to boost the IT startup ecosystem and provide early-stage capital.
Digital Infrastructure	Plans for developing a digital economy with infrastructure-sharing frameworks and growth in the IT sector.
Digital Economy	Plans for developing a digital economy with infrastructure sharing frameworks and growth in the IT sector.
Skill and Talent Development	Investment in training 1 million freelancers, establishing freelancing centers, and a long-term initiative for high-tech IT human resources.
Regulations and Policies	Upcoming regulations for smart financing of smartphones and assessment of AI policies.
Conclusion	Government’s proactive approach for IT sector development, envisioning significant growth and a promising future.

Pakistan’s Initiatives and Investment Strategies for IT Future.

FAQs:

Q1: What is the focus of Pakistan’s IT sector initiatives and investment strategies?

A: The focus is on fostering growth, boosting economic development, and elevating the country’s IT industry to new heights.

Q2: How much funding has the government allocated to boost the IT startup ecosystem, and what is its purpose?

A: The government has allocated a substantial fund of $100 million to provide critical early-stage capital to startups, addressing financial challenges and promoting growth.

Q3: What is the government’s vision regarding IT exports, and what are the key plans in place?

A: The government aims to boost IT exports from $2.6 billion to $15 billion through the creation of technology zones, telecom infrastructure development, and emphasis on cloud infrastructure.

Q4: How is the government facilitating investment in the IT sector, and what role does the Special Investment Facilitation Council play?

A: The government is focusing on the development of a digital economy, with plans for infrastructure-sharing frameworks. The Special Investment Facilitation Council ensures the successful implementation of this plan and enhances investment in the IT sector.

Q5: What steps is Pakistan taking for skill and talent development in the IT sector?

A: Pakistan is investing in training 1 million freelancers, establishing freelancing centers, and a long-term initiative to train an additional 200,000 high-tech IT human resources.

Q6: What regulations and policies are in the pipeline for the future, particularly regarding smartphones and Artificial Intelligence (AI)?

A: The government plans to finalize regulations for smart financing of smartphones and assess AI policies with a committee of experts to harness AI’s potential in various sectors.

Q7: How does the government envision the future of Pakistan’s IT industry, and what key initiatives are mentioned in the conclusion?

A: The government envisions significant development in the IT sector, with key initiatives such as the IT Startup Fund, digital infrastructure expansion, and talent development contributing to a flourishing digital economy.

Pakistani Rupee’s Unprecedented Rally Against the US Dollar.

6 October 2023

by writelyhub.com with No Comment Economy PAKISTANI STUDENTS

Introduction.

The Pakistani rupee has been on a remarkable upward trajectory against the US Dollar for the last 21 consecutive days, defying conventional expectations. According to State Bank reports, the interbank exchange rate now stands at Rs. 282.55 per USD, marking a continuous appreciation in value. Meanwhile, the open market rate has also seen the US Dollar drop by one rupee, trading at Rs. 284. This unexpected trend comes on the heels of a decline in the interbank rate by 98 paise just the previous day, settling at Rs. 283.70.

This article delves into the factors contributing to this unexpected surge in the Pakistani Rupee’s value, covering the period from September 5th to October 4th, during which the Rupee strengthened by nearly 23 Rupees in the interbank market and dropped by a substantial 46 Rupees in the open market. Economic experts attribute this trend to various factors, including strategic reserves, economic performance, and global dynamics.

1. Strategic Reserves and Their Impact.

One of the essential drivers behind the later rise of the Pakistani rupee is the country’s key savings. Pakistan has been making concerted endeavors to reinforce its outside trade saves, and these endeavors are presently bearing natural products. The country’s savings have been recharged through roads such as outside speculations, help from inviting nations, and sending out a profit.

Besides, the government’s choice to secure a noteworthy sum of financing through the Universal Money related Finance (IMF) and other universally money-related education has given a much-needed pad to the rupee. These saves act as a security net, stabilizing the money in times of financial vulnerability. The steady development in saves not as it were ingrains certainty within the money but also fortifies Pakistan’s capacity to meet its outside commitments.

2. Economic Performance and Confidence.

Another basic figure contributing to the rupee’s rise is Pakistan’s financial execution over the past few months. Despite the challenges posed by COVID-19 widespread, the country’s economy has appeared versatility and recovery. Key markers such as trades, settlements, and outside coordinate ventures have performed surprisingly well.

The increment in settlements, in particular, has played a significant part in boosting the rupee. Pakistani exiles have sent record sums of cash back domestically, fortifying the country’s outside trade saves. Also, the restoration of financial exercises, especially in divisions like fabricating and farming, has contributed to a positive viewpoint for speculators and dealers.

Pakistani Rupee’s Unprecedented Rally Against the US Dollar.

3. Global Dynamics and the Dollar’s downtrend.

The worldwide financial scene has moreover played a critical part in the rupee’s rising. The US Dollar, considered a safe-haven cash, has confronted headwinds in later times. Components such as a dovish position by the Government Save concerns almost the US economy’s recuperation, and geopolitical pressures have driven to debilitating of the Dollar.

Financial specialists looking for higher returns and openings exterior the US have differentiated their portfolios, driving to a lessening in request for the dollar. This worldwide move has indirectly benefited monetary standards just like the Pakistani rupee, which has seen an expanded request from financial specialists searching for higher yields.

4. Impact on Trade and Inflation.

While the strengthening rupee has its advantages, it also poses challenges. One potential concern is its impact on Pakistan’s export competitiveness. A stronger rupee can make Pakistani goods more expensive for foreign buyers, potentially affecting export volumes. In any case, this impact may be counterbalanced by made strides in financial conditions in exchanging accomplice nations, driving expanded requests for Pakistani items.

On the residential front, a more grounded rupee can offer assistance in checking swelling by lessening the fetching of imported merchandise, especially oil and vitality items. This may give alleviation for customers who have been hooking with rising costs. Nevertheless, maintaining a balance between export competitiveness and domestic price stability remains a delicate task for policymakers.

Pakistani Rupee’s Unprecedented Rally – Overview

Topic	Details
Title	Pakistani Rupee’s Unprecedented Rally Against the US Dollar
Duration of Rally	Last 21 consecutive days
Current Exchange Rates	Interbank: Rs. 282.55 per USD Open Market: Rs. 284 per USD
Factors	Strategic Reserves, Economic Performance, Global Dynamics
Change in Interbank Rate	Increased by 23 Rupees during the period
Strategic Reserves	The US Dollar facing headwinds, leading to a weakening trend
Economic Performance	Resilience despite challenges, positive indicators in trades, remittances, and investments
Global Dynamics	US Dollar facing headwinds, leading to a weakening trend
Impact on Trade and Inflation	Challenges in export competitiveness but potential relief in controlling inflation
Conclusion	Requires careful management to balance advantages and challenges in the coming months

Pakistani Rupee’s Unprecedented Rally Against the US Dollar.

Conclusion.

In conclusion, the ceaseless appreciation of the Pakistani rupee against the US Dollar may be a multifaceted wonder driven by vital saves, vigorous financial execution, and worldwide financial flow. Whereas this drift has its focal points, it moreover presents challenges that require cautious administration. The rupee’s quality reflects the versatility of Pakistan’s economy and its capacity to pull in remote ventures and settlements.

As we move forward, policymakers must strike a sensitive adjustment to guarantee that the rupee’s esteem remains competitive in worldwide exchange and stabilizes residential costs. The coming months will be significant in deciding whether this drift perseveres or experiences shifts in reaction to advancing financial conditions, both locally and all-inclusive.

FAQs:

Q1: What is the current exchange rate of the Pakistani Rupee against the US Dollar?

A: The interbank exchange rate is Rs. 282.55 per USD, and the open market rate is Rs. 284.

Q2: How long has the Pakistani Rupee been appreciating against the US Dollar?

A: The rupee has been on an upward trajectory for the last 21 consecutive days.

Q3: What factors are contributing to the rise of the Pakistani Rupee?

A: Factors include strategic reserves, economic performance, and global dynamics.

Q4: How much has the Rupee strengthened in the interbank market during the mentioned period?

A: The Rupee has strengthened by nearly 23 Rupees in the interbank market.

Q5: What role do strategic reserves play in the Rupee’s rise?

A: Strategic reserves act as a security net, stabilizing the currency in times of financial vulnerability.

Q6: How has Pakistan’s economic performance contributed to the Rupee’s rise?

A: Despite challenges, the economy has shown resilience and recovery, with positive indicators in trades, remittances, and foreign direct investments.

Q7: Why has the US Dollar faced headwinds in recent times?

A: Factors include a dovish position by the Federal Reserve, concerns about the US economy’s recovery, and geopolitical tensions.

Q8: What impact does the strengthening Rupee have on trade and inflation?

A: It may affect export competitiveness but can help in controlling inflation by reducing the cost of imported goods.

Q9: How can policymakers balance the impact on export competitiveness and domestic price stability?

A: Policymakers must strike a delicate balance to ensure the Rupee’s value remains competitive in global trade while stabilizing domestic prices.

Q10: What challenges and advantages does the Rupee’s strength present?

A: Challenges include potential impact on export competitiveness, while advantages include reduced inflationary pressures from cheaper imports.

A Comprehensive Plan for IT Exports and Telecom Development.

2 October 2023

by writelyhub.com with No Comment Economy NEWS PAKISTANI STUDENTS Technology

Introduction.

In an offer to usher in a cutting-edge period of imaginative progress and monetary improvement, the government of Pakistan has laid out a driven orchestration. This comprehensive strategy focuses on boosting family IT sends and developing the progression of the telecom fragment, inevitably arranging Pakistan as a major player in the world’s progressed economy.
One of the foundations of this visionary arrangement is the foundation of uncommon centers devoted to preparing a stunning 1 million specialists inside the nation. This initiative not only empowers the workforce but also opens up vast opportunities for skilled individuals to participate in the burgeoning digital marketplace.

Economic Growth.

Besides, the arrangement incorporates an urgent move towards nearby fabricating of savvy gadgets, including portable phones, inside Pakistan’s borders. This not as it were diminishes moment costs but moreover fortifies financial development by making occupations and cultivating a culture of advancement.

The change of Pakistan’s advanced economy is at the cutting edge of this arrangement. With a yearning objective of expanding IT sends from the current $2.6 billion to a surprising $15 billion, the government is clearing the way for a vigorous and universally competitive IT segment.

In addition to boosting exports, the government plans to establish special technology zones. These zones will serve as hubs of innovation and collaboration, attracting both domestic and international tech companies, and further propelling Pakistan’s tech ecosystem onto the world stage.

Pakistan Aims.

Ventures in the telecom framework are moreover an imperative component of this technique. By progressing and extending the nation’s broadcast communications systems, Pakistan aims to supply its citizens with way better network and get to to advanced administrations, eventually bridging the computerized separate.

Not to be neglected, the development of a cloud foundation could be a significant angle of this arrangement. As more businesses and people depend on cloud-based administrations, the development of a robust cloud foundation will guarantee information security, openness, and proficiency within the computerized age.

According to the report,

It has been decided to ensure the implementation of the proposed digital economy plan, infrastructure sharing framework, and ecosystem master plan for IT sector development, using the platform of the Special Investment Facilitation Council. Implementation of the plan will be ensured.

In a striking move to impel Pakistan into the advanced age and cultivate financial development, the government has revealed a driven arrangement planned to promote the nation’s status within the worldwide tech field. This comprehensive methodology includes a wide cluster of activities aimed at not as it were expanding residential IT sends out but also supporting the telecom segment and the advanced economy.

Central to this visionary plan is the establishment of specialized centers dedicated to training a staggering 1 million freelancers within the IT sector. By equipping a vast workforce with the necessary skills, these centers aim to empower individuals and bridge the skills gap, ensuring that Pakistan remains competitive in the digital marketplace.

Creating Jobs.

Furthermore, the government intends to create 2 lakh additional high-tech IT human resources as part of a long-term strategy. This forward-looking approach recognizes the importance of fostering a sustainable pool of talent to support the growing tech ecosystem in Pakistan.

A pivotal component of this comprehensive plan is the preparation of a draft regulation for smartphone financing, slated for completion by the next month. This regulation will play a pivotal role in promoting accessibility to smartphones, thereby expanding digital inclusion and connectivity among the population.

Furthermore, a committee comprising specialists will be shaped to survey and refine the counterfeit insights approach. This forward-thinking approach recognizes the transformative potential of AI in different segments, including healthcare, instruction, and industry, and looks to guarantee that Pakistan saddles this innovation for the advantage of its citizens.

In conclusion, Pakistan’s comprehensive arrangement for IT exports and telecom improvement could be a confirmation of the government’s commitment to grasping the computerized age. By preparing a million consultants, creating high-tech talent, regulating smartphone financing, and forming an AI arrangement, Pakistan sets its position within the worldwide tech scene. This reflects the nation’s commitment to drive financial development, advancement, and success within the advanced time. It envoys a brighter future for all its citizens.

In a resolute endeavor to propel Pakistan into the forefront of the digital age and foster economic growth,

The government has unveiled an ambitious plan designed to elevate the nation’s status in the global tech arena. This comprehensive strategy includes numerous initiatives. It seeks to boost domestic IT exports, nurture the telecom sector, and foster a conducive environment for innovation and investment while strengthening the digital economy.

A Comprehensive Plan for IT Exports and Telecom Development.

Adoption of AI.

Moreover, a committee comprising specialists will be shaped to audit and refine the fake insights arrangement. This forward-thinking approach recognizes the transformative potential of AI in different divisions, including healthcare, instruction, and industry, and looks to guarantee that Pakistan tackles this innovation for the good thing about its citizens.

The document outlines proposals to provide industrial power tariffs to the telecom sector for 3 to 5 years. This aims to cut operational costs and stimulate growth and investment within the industry. Moreover, IT companies will be encouraged to register in special economic zones, fostering an environment conducive to innovation and economic development.

In addition, events will be organized under the Digital Foreign Direct Investment Initiative, aimed at attracting foreign investment into Pakistan’s burgeoning digital economy. This initiative not only showcases Pakistan as an attractive destination for investment but also fosters collaboration and knowledge exchange on a global scale.

Conclusion:

In conclusion, Pakistan’s tech plan underscores its dedication to global tech prominence. Training freelancers, developing high-tech talent, regulating smartphone financing, and shaping AI policy position Pakistan for digital era growth and prosperity.

The government’s forward-thinking approach, encompassing incentives for industry and events to attract foreign investment, promises to usher in a brighter future for all its citizens.
According to the officials, participation in international IT expos, conferences, and trade shows will be ensured, telecom tribunal will be established to resolve disputes, it has also been decided to improve the quality of IT graduates.

FAQs (Frequently Asked Questions):

1. What is the primary focus of Pakistan’s comprehensive plan for IT exports and telecom development?

The plan aims to boost domestic IT exports, nurture the telecom sector, and create a conducive environment for innovation and investment to strengthen the digital economy.

2. How many freelancers does the government plan to train within the IT sector?

The government plans to train a staggering 1 million freelancers in specialized centers dedicated to IT training.

3. What is the long-term strategy for creating high-tech IT human resources in Pakistan?

The government intends to create an additional 2 lakh high-tech IT human resources as part of a long-term strategy to support the growing tech ecosystem.

4. What role does smartphone financing play in the comprehensive plan?

The preparation of a draft regulation for smartphone financing is a pivotal component, aiming to promote accessibility to smartphones, expand digital inclusion, and enhance connectivity among the population.

5. How does the plan address the use of artificial intelligence (AI) in different sectors?

A committee of specialists will be formed to audit and refine the artificial intelligence policy, recognizing its transformative potential in sectors such as healthcare, education, and industry.

6. What incentives are provided to the telecom sector according to the document?

The document proposes providing industrial power tariffs to the telecom sector for 3 to 5 years, aiming to cut operational costs, stimulate growth, and encourage investment in the industry.

7. How does the plan encourage innovation and economic development within the IT sector?

IT companies are encouraged to register in special economic zones, and events under the Digital Foreign Direct Investment Initiative will be organized to attract foreign investment, fostering collaboration and knowledge exchange.

8. What steps are taken to ensure the quality of IT graduates in Pakistan?

It has been decided to improve the quality of IT graduates, ensuring they meet the standards required for the evolving tech industry.

9. How does the plan aim to resolve disputes in the telecom sector?

A telecom tribunal will be established to resolve disputes within the telecom sector, providing a mechanism for fair and efficient conflict resolution.

10. How does the government plan to showcase Pakistan on the global tech stage?

Participation in international IT expos, conferences, and trade shows will be ensured, demonstrating Pakistan as an attractive destination for investment and collaboration on a global scale.

Saudi Arabia’s Economy Joins Trillion Dollar Club:

24 September 2023

by writelyhub.com with 4 Comments Economy NEWS Worldwide

Introduction.

According to a later report, Saudi Arabia’s net residential item (GDP) has crossed the $1 trillion stamp for the first time, making the kingdom’s economy a part of the trillion-dollar club.

It ought to be recollected that the state has as of now accomplished this national target sometime recently 2025.

The Alliance of Saudi Chambers divulged the figures in a report celebrating the kingdom’s 93rd National Day on Friday, and the official Saudi Press Organization (SPA) released them.

Within the same week, the Universal Money related Finance (IMF) pronounced that the Saudi economy would accomplish the most elevated development among G20 countries in 2022.

the most noteworthy among G20 part states – accomplished a development rate of 8.7 percent, basically driven by the kingdom’s efficiency. The self-sufficiency rate of the Saudi economy came to 81.2 percent, and the country’s venture rate expanded to 27.3 percent, reflecting this development.

The report highlights the Saudi private sector’s part as a viable accomplice within the comprehensive improvement handle and in accomplishing the yearning Vision 2030 objectives.

As per the Federation of Saudi Chambers,

The private sector’s share in GDP rose to $440 billion (41%) with 5.3% growth. The report stated that the number of workers in the private sector has increased from 8.084 million in 2021 to 9.422 million in 2022, a growth rate of 16.6 percent.
As part of workforce localization efforts, Saudi Arabia aims to increase private sector employment from 1.91 million in 2021 to 2.195 million in 2022.

This represents a 14.9% growth and will constitute 58.2% of the private sector workforce. This increase demonstrated the progress.

The report highlighted the victory of the Kingdom’s arrangements in expanding the financial base and supporting Saudi sends out to worldwide markets.

Whereas trades of products and administrations expanded by 54.4 percent,

The send-out capacity of the Saudi economy developed from 33 percent to 39.3 percent of GDP. The esteem of sends out of products and administrations surged to 171.9 percent in 2022, compared to 134.5 percent final year.
With a development rate of 13.7 percent, the esteem of non-oil trades comes to 84 billion dollars, which is 20.5 percent of products sent out and these trades reach 178 nations of the world.

The report anticipates continued strong performance in the Saudi economy and the country’s private sector. It cites various economic indicators, government aid packages, and the launch of major projects in different regions of the kingdom as factors contributing to this outlook.
The Kingdom secures the second global position for international tourist growth, per the Global Competitiveness Report by IMD. Additionally, it ranks 51st in the Global Innovation Index.

Saudi Arabia’s Economy Joins Trillion Dollar Club:

Conclusion:

In conclusion, Saudi Arabia’s economy has achieved a significant milestone by surpassing the $1 trillion mark in Gross Domestic Product (GDP), positioning it among the elite trillion-dollar club. This achievement, realized ahead of schedule, reflects the kingdom’s robust economic growth and steadfast commitment to achieving ambitious national goals.

The announcement of Saudi Arabia’s GDP milestone, alongside its projection for the highest growth rate among G20 nations in 2022, underscores the resilience and dynamism of the kingdom’s economy. The remarkable contributions of the private sector, coupled with strategic investments and policies, have propelled Saudi Arabia towards sustainable development and global economic integration.

Moreover, the surge in exports and workforce expansion further demonstrates the kingdom’s dedication to diversifying its economic base and fostering innovation-driven growth. As Saudi Arabia continues to chart its course toward Vision 2030, the outlook remains optimistic, buoyed by a thriving private sector, strategic initiatives, and a commitment to fostering a dynamic and inclusive economy.

The kingdom’s ascent into the trillion-dollar club not only signifies a monumental economic achievement but also heralds a new chapter in Saudi Arabia’s journey toward prosperity, resilience, and global leadership.

In summary, Saudi Arabia’s economy stands poised to shape the future landscape of the global economy, with its trillion-dollar milestone serving as a testament to its unwavering determination and vision for a prosperous tomorrow.

FAQs.

What milestone has Saudi Arabia’s economy recently achieved?

Saudi Arabia’s economy has recently surpassed the $1 trillion mark in Gross Domestic Product (GDP), making it a part of the trillion-dollar club for the first time.

Which organization revealed the GDP figures for Saudi Arabia, and when was it announced?

The GDP figures for Saudi Arabia were revealed by the Alliance of Saudi Chambers, and the announcement was made in celebration of the kingdom’s 93rd National Day.

What growth rate did the Saudi economy achieve among G20 nations in 2022?

In 2022, the Saudi economy achieved the highest growth rate among G20 nations, standing at 8.7 percent.

What percentage of GDP does the Saudi private sector contribute, according to the Federation of Saudi Chambers?

According to the Federation of Saudi Chambers, the private sector contributes 41% of the GDP, with a total of $440 billion, marking a 5.3% growth rate.

What are some of the key factors contributing to the positive outlook for the Saudi economy, as mentioned in the report?

The positive outlook for the Saudi economy is attributed to factors such as robust economic indicators, government aid packages, and the launch of major projects across different regions of the kingdom.

How has the Saudi economy performed in terms of exports of goods and services, and what percentage of GDP do these exports represent?

Exports of goods and services have experienced a significant increase, with exports growing by 54.4 percent. These exports now represent 39.3 percent of the Saudi GDP.

What initiatives has Saudi Arabia undertaken to expand its private sector employment, and what growth rate has it achieved in this area?

Saudi Arabia aims to increase private sector employment from 1.91 million in 2021 to 2.195 million in 2022, representing a growth rate of 14.9%.

What position does Saudi Arabia hold in terms of international tourist growth, according to the Global Competitiveness Report by IMD?

According to the Global Competitiveness Report by IMD, Saudi Arabia secures the second global position for international tourist growth.

In which index does Saudi Arabia rank 51st globally, and what does this ranking signify?

Saudi Arabia ranks 51st globally in the Global Innovation Index, indicating its commitment to fostering innovation and technological advancement.

What does the report anticipate for the future performance of the Saudi economy and its private sector?

The report anticipates continued strong performance in the Saudi economy and its private sector, driven by various economic indicators, government initiatives, and investment in major projects.

Bitcoin Update:

23 September 2023

by writelyhub.com with No Comment Cryptocurrency Economy Free Signals NEWS Online Earning Trading Worldwide

Introduction

Bitcoin’s journey in the market has been marked by volatility and intrigue. Recently, it exhibited expected behavior by breaking down from the ascending channel, sparking discussions and analyses among market participants.

Analysis of Bitcoin’s Price Movement.

Bitcoin performed as expected, breaking down from the ascending channel and sending prices lower. This move marked a significant shift in the market sentiment, as investors and traders closely monitored the price action for potential signs of a trend reversal.

The price reached nearly $26,300, which is acting as a good support level. This critical support zone has been closely watched by market participants, and its ability to hold could have a significant impact on the future direction of Bitcoin’s price movement.

The weekend market is typically slow, so Bitcoin may remain rangebound until the start of the new week. During this time, traders often assess the market landscape and look for potential catalysts that could drive price action when more participants return to the market at the beginning of the week.

For a bullish move, Bitcoin needs to break above $27,000 with good volume. This key resistance level has been a significant barrier in recent price action, and a successful breach could signal renewed optimism among traders and potentially lead to further upward momentum in the market.

Google Cloud’s Expansion in BigQuery

Google Cloud’s integration of 11 new blockchains into its BigQuery data analytics service represents a significant advancement in blockchain data analysis. This expansion provides users with enhanced capabilities to analyze various blockchain networks and their associated data.

Google Cloud has made a notable expansion in its BigQuery data analytics service by incorporating 11 new blockchains. This integration represents a significant step forward in providing comprehensive data analysis capabilities for blockchain technology, opening up opportunities for users to gain deeper insights into various blockchain networks and their associated data.

Telegram Premium presents an enticing proposition for users, offering access to dozens of exclusive features at a discounted rate of up to 40%. This limited-time offer not only enhances the user experience but also provides substantial savings for those looking to unlock a range of premium functionalities within the Telegram messaging platform.

Weekend Market Dynamics

During the weekend, the market tends to experience subdued activity. Traders utilize this period to evaluate market conditions and identify potential catalysts that could shape price action in the upcoming week.

Key Resistance Level at $27,000

Breaking above the $27,000 resistance level is crucial for Bitcoin’s bullish momentum. This resistance has posed a formidable barrier in recent price action, and a successful breach could signal renewed optimism among traders.

Bitcoin Update:

Telegram Premium Offer

Telegram Premium presents users with exclusive features and discounted rates, enhancing the messaging platform’s value proposition. This limited-time offer not only enriches the user experience but also offers substantial savings for subscribers.

Highlight of Crypto News

Recent crypto news underscores the dynamic nature of the cryptocurrency market. Price analyses, Bitcoin’s resilience amid market changes, and the environmental impact of Bitcoin mining are among the key topics shaping discussions in the crypto community.

Crypto News.

Price analysis 9/22: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC.

Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar.

Bitcoin mining can help reduce up to 8% of global emissions.

Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs.

Conclusion

In conclusion, Bitcoin’s recent performance reflects its resilience and influence in the cryptocurrency market. As investors navigate market uncertainties, staying informed about market dynamics and emerging trends remains crucial for making informed decisions.

FAQs

What caused Bitcoin to break down from the ascending channel?

Bitcoin’s breakdown from the ascending channel could be attributed to various factors, including shifts in market sentiment, profit-taking by traders, or external events influencing investor behavior. Technical indicators and market dynamics play a crucial role in understanding such price movements.

How significant is the $26,300 support level for Bitcoin?

The $26,300 support level holds significance as it represents a critical price point where buyers have historically stepped in to support Bitcoin’s price. Traders closely monitor this level as a breach could signal further downside momentum, while a successful hold may indicate renewed buying interest.

What are some potential catalysts for Bitcoin’s price action in the upcoming week?

Potential catalysts for Bitcoin’s price action in the coming week may include macroeconomic developments, regulatory announcements, institutional investments, or shifts in investor sentiment towards cryptocurrencies. Market participants analyze these factors to anticipate trends and make informed trading decisions.

What implications does Google Cloud’s expansion in BigQuery have for blockchain data analysis?

Google Cloud’s integration of additional blockchains into BigQuery enhances data analysis capabilities for blockchain technology. This expansion enables users to gain deeper insights into blockchain networks, transaction data, and market trends. It facilitates research, monitoring, and decision-making processes within the blockchain ecosystem.

How can users benefit from the Telegram Premium offer?

Users can benefit from the Telegram Premium offer by gaining access to exclusive features and functionalities not available in the standard version. The discounted rates offered during the promotion period provide users with savings while unlocking a range of premium services, enhancing their overall messaging experience.

A ‘shock’ to the trade deal between Canada and India.

18 September 2023

by writelyhub.com with No Comment Economy NEWS Worldwide

Introduction.

Canadian Prime Serve Justin Trudeau, who came to India to go to the G20 summit final week, was stuck in India for two days after the conclusion of the summit due to a breakdown in his private plane.

Be that as it may, in no time after he entered Canada, news came that Canada had suspended the progressing arrangements on an exchange understanding with India. A representative for Canada’s Exchange Serve Mary Ann affirmed Friday that Canada has suspended arrangements on a reciprocal exchange bargain.

Keep in mind that amid the G20 conference, Indian Prime Serve Narendra Modi and Canadian Prime Serve Justin Trudeau allegedly had a warm dialog.

Narendra Modi was rankled by the developing notoriety of Sikh separatists in Canada and occurrences such as ‘inciting violence’ against Indian negotiators. Whereas Justin Trudeau said that by fueling these issues, India is committing “obstructions in Canada’s residential legislative issues”.

In truth, the relationship between India and Canada is breaking down due to the Sikh separatist development. Canada-India relations have been strained for some time presently due to the exercises of pro-Khalistan organizations in Canada.

In July this year, pro-Khalistan organizations in Canada put up blurbs of a few Indian ambassadors and called for focusing on them. After this occurrence, India summoned the Canadian minister posted in their nation and emphatically protested the exercises of pro-Khalistan individuals and organizations in their nation.

In June 2023, ‘Khalistani’ pioneer Hardeep Singh was killed in an advertisement in British Columbia, Canada. After this, numerous nations saw scenes of expanding pressure between Sikh separatists and the Indian government. Supporters of Khalistan held challenges against the slaughtering of Hardeep Singh in a few cities around the world, including Toronto, London, Melbourne, and San Francisco.

Sometime recently Hardeep Singh, Paramjit Singh Panjwar, who was announced as radical by the Indian government, was slaughtered in May 2023 in Lahore, Pakistan.

Death of pro-Khalistan leaders and accusations against India.

Not only this, but in June 2023, UK-based Avtar Singh Khanda died under mysterious circumstances. He is said to have been the head of the Khalistan Liberation Force.

Sikh separatists alleged that he was poisoned. The separatist Sikh organizations termed it a ‘target killing’ and alleged that the Indian government was killing Sikh separatist leaders.

Be that as it may, the Indian government has not however formally said anything about these charges. Sikhs make up two percent of India’s populace and a few Sikh separatists have been calling for a partitioned nation for Sikhs, ‘Khalistan’

India charges that the Trudeau government has fizzled to break down on Sikh separatists dynamic in Canada. The Indian government charges that these separatists are included in anti-India exercises in Canada, the Joined Together Kingdom, and the Joined Together States.

One of the major reasons for the current pressure between India and Canada is the exercises of Sikh separatists in Canada.

In Canada, the pro-Khalistan development is running so uproariously that a submission has been held concerning Khalistan, an isolated nation for Sikhs.

Fissures in the relationship were visible during the G20 conference.

Relations between India and Canada further soured when Indian Prime Minister Narendra Modi openly expressed his displeasure at the activities of Sikh separatists during the G20 conference.

Trudeau was seen hastily shaking hands with Narendra Modi during the official greeting at the conference and then leaving quickly.

The picture was seen as a ‘strain’ between the two countries’ relations. Later, during the conversation with Trudeau, Narendra Modi raised the issue of activities of pro-Khalistan elements and organizations in Canada.

Media reports said that Narendra Modi was quite angry with Trudeau on this occasion.

According to media reports, he said that pro-Khalistan elements are inciting people to attack Indian diplomats. They are too actuating individuals to assault Indian international safe havens whereas Canada on the other hand is incapable of halting them.

Be that as it may, there are moreover reports that Justin Trudeau said that Canada will continuously secure flexibility of discourse, quiet challenge, and opportunity of expression.

Agreeing with him is usually exceptionally imperative to Canada. Canada has continuously been committed to anticipating viciousness and diminishing contempt. “It must too be remembered that the personal activities of some people don’t speak to Canadian society as an entirety,” Trudeau said.

Is Trudeau on the back foot?

Trudeau’s statement did not go down well with the Indian government and since then the bitterness in the relationship between the two countries does not seem to be diminishing.

In contrast, Trudeau accused India of influencing Canada’s domestic politics. India was expressing its views on the issue of Khalistan and business was also discussed. But Trudeau’s new stance seems to put him on the back foot. Therefore, he has also raised his voice on the tension with India.

A ‘shock’ to the trade deal between Canada and India.

Is the trade deal really in trouble?

Amid the strained relationship between Canada and India, talks on an exchange bargain by the Canadian government show up to be vacillating. After nearly a decade, the advance was made within the talks on the free exchange assertion between the two nations. There have been six rounds of arrangements between the two nations concerning this assertion.

In Walk 2022, the two nations continued arrangements on a between-times assertion on the EPT (Preparatory Advance in Transactions on an Exchange Assertion).
Beneath such understandings, the two nations essentially diminish or kill obligations on most products exchanged between them.

Indian companies are requesting duty-free get to Canadian markets for their textile and calfskin merchandise. Alongside this, there’s also an ask from India to improve the visa rules for specialists in Canada. Canada, on the other hand, is requesting the opening of Indian markets for its dairy and rural items.

What is the volume of bilateral trade between India and Canada?

India was Canada’s tenth-largest exchanging accomplice in 2022. Within the monetary year 2022-23, India traded merchandise worth 4.10 billion dollars to Canada, compared to 3.76 billion dollars within the monetary year 2021-22.
Whereas Canada sent out merchandise worth $4.05 billion to India in 2022-23, this volume was $3.13 billion in 2021-22.

As distant as benefit exchange is concerned,

Canadian annuity stores have contributed 55 billion dollars to India. Canada has contributed $4.07 billion in coordinate speculation in India since 2000.

At least 600 Canadian companies are operating in India whereas another 1000 companies are searching for trade openings here. On the other hand, Indian companies are dynamic in IT, computer programs, common assets, and managing account segments in Canada.

India’s major sends out to Canada incorporate gems, valuable stones, pharma items, ready-made articles of clothing, natural chemicals, light designing hardware, and press and steel items. Whereas India imports beat, newsprint materials, wood mash, press scrap, minerals, and mechanical chemicals from Canada.

Conclusion.

The recent diplomatic tensions between Canada and India have cast a shadow over the prospects of a bilateral trade deal. Despite warm dialogues between Prime Ministers Trudeau and Modi, the rift caused by the activities of Sikh separatists in Canada has strained relations between the two nations.

India’s concerns about the growing influence of pro-Khalistan elements in Canada have led to a suspension of ongoing trade negotiations. The Canadian government’s commitment to protecting freedom of speech and expression, while commendable, has not alleviated India’s apprehensions.

Trudeau’s assertion that personal actions do not represent Canadian society as a whole has failed to assuage Indian concerns. As both countries navigate through these challenging times, the fate of the trade deal hangs in the balance.

FAQs.

What caused the breakdown in Canada-India trade negotiations?

The breakdown in trade negotiations was triggered by concerns over the growing influence of Sikh separatists in Canada and incidents of violence against Indian diplomats.

What are the major points of contention between Canada and India in trade talks?

Canada seeks access to Indian markets for its dairy and agricultural products, while India seeks duty-free access to Canadian markets for its textile and leather goods.

What is the volume of bilateral trade between India and Canada?

In the fiscal year 2022-23, India exported goods worth $4.10 billion to Canada and imported goods worth $4.05 billion from Canada. Canadian pension funds have invested $55 billion in India, while Canada has invested $4.07 billion in direct investment in India since 2000.

How have diplomatic tensions affected Canadian businesses in India?

Canadian businesses operating in India, particularly in sectors such as IT, banking, and natural resources, may face challenges amidst diplomatic tensions. However, both countries continue to explore trade opportunities despite the strained relations.

What steps are being taken to address the issues causing tension between Canada and India?

Both countries are engaged in diplomatic dialogues to address concerns regarding Sikh separatist activities and trade negotiations. The resolution of these issues will determine the future trajectory of bilateral relations.

Will Bitcoin Defy Resistance to Reach $30,000

Bitcoin Update:

16 September 2023

by writelyhub.com with No Comment Cryptocurrency Economy Trading

Introduction

Bitcoin’s recent price movement has closely followed our anticipated direction, with the cryptocurrency breaking down from the rising wedge pattern as expected. This aligns seamlessly with our earlier analysis, highlighting the reliability of our predictions and the technical accuracy of our market assessments. Additionally, Bitcoin’s price dynamics indicate crucial support and resistance levels, offering valuable insights into potential future movements.

Bitcoin price performed as we expected it broke down the rising wedge and moved down.

As expected, the Bitcoin cost has taken after our anticipated direction, effectively breaking down from the already distinguished rising wedge design and starting a descending development.

This price action aligns seamlessly with our earlier analysis, demonstrating the reliability of our predictions and the technical accuracy of our market assessments.

Bitcoin needs to give a daily candle closing above 27,000 to gain a bullish move.

In order for Bitcoin to initiate a substantial bullish momentum, we must observe a decisive daily candle closing above the critical threshold of 27,000. Such a development would not only validate the potential for an upward trend but also signal a shift in market sentiment toward optimism.

This level has proven to be a pivotal point of resistance, and a confirmed breach above it would likely attract renewed investor interest, potentially fueling a sustained bullish trajectory in the cryptocurrency’s price.

The next immediate support level is near $26,000. A Break below this level could send the price near $25,600.

The cryptocurrency’s immediate support level currently rests at approximately $26,000, serving as a crucial point of defense for Bitcoin’s price stability.

A breach below this critical support could pave the way for a further downward trajectory, potentially plunging towards the $25,600 range.

It’s worth noting that this level holds significance as it has historically acted as both support and resistance, making it a key juncture to monitor closely.

A sustained move below $26,000 may indicate increased bearish pressure and could usher in a period of heightened volatility and uncertainty in the market

Top 10 banks investing in cryptocurrencies by market capitalization.

The cryptocurrency landscape has witnessed a significant transformation in recent years, with an increasing number of top-tier financial institutions recognizing the potential of digital assets.

As of the latest data, the top 10 banks, ranked by market capitalization, have made noteworthy strides in embracing cryptocurrencies as a part of their investment strategies. These institutions are not merely passive observers but active participants in the crypto space, reflecting a growing acknowledgment of the technology’s disruptive potential and the evolving financial landscape. Their foray into cryptocurrencies underscores the profound shift occurring in the traditional banking sector, as they seek to diversify their portfolios and leverage blockchain technology to remain competitive in the ever-evolving financial ecosystem.

JPMorgan Chase: $418 billion
Bank of America: $225 billion
Wells Fargo: $150 billion
Morgan Stanley: $140 billion
Commonwealth Bank: $108 billion
Goldman Sachs: $107 billion
UBS: $82 billion
Citigroup: $78 billion
BNY Mellon: $34 billion
Credit Suisse: $3.5 billion
Deutsche Bank to delve Into crypto custody, and tokenization with Taurus.
Binance’s US unit lost two more execs as exchange reels from CEO departure.
Ethereum’s daily active addresses surpass Bitcoin
Polygon release proposals on 2.0 upgrade and POL token migration.
Thai banking giant KBank sets up a $100 million Web3 and AI fund.

Bitcoin Update:

Conclusion

The recent developments in Bitcoin’s price trajectory underscore the importance of technical analysis in understanding market dynamics and making informed trading decisions. As Bitcoin continues to navigate through key support and resistance levels, traders and investors must remain vigilant and adapt their strategies accordingly. By closely monitoring critical price thresholds and market indicators, participants can navigate the cryptocurrency landscape with greater confidence and precision.

FAQs.

What is the significance of Bitcoin’s break from the rising wedge pattern?

Bitcoin’s break from the rising wedge pattern confirms a downward trajectory, indicating potential bearish sentiment in the market. This pattern breakdown aligns with technical analysis principles and can inform trading strategies.

Why is a daily candle closing above $27,000 important for Bitcoin’s bullish momentum?

A daily candle closing above $27,000 signals a potential shift in market sentiment toward optimism and validates the possibility of an upward trend. This level serves as a crucial point of resistance and could attract renewed investor interest.

What are the immediate support and resistance levels for Bitcoin’s price?

Bitcoin’s immediate support level is around $26,000, while resistance lies at $27,000. Breaching these levels could signify further price movements in either direction.

Which top banks are investing in cryptocurrencies by market capitalization?

The top 10 banks investing in cryptocurrencies, ranked by market capitalization, include JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Commonwealth Bank, Goldman Sachs, UBS, Citigroup, BNY Mellon, and Credit Suisse.

What recent developments have occurred in the cryptocurrency space?

Recent developments include Deutsche Bank’s venture into crypto custody and tokenization with Taurus, Binance US losing executives amid CEO departure, Ethereum’s daily active addresses surpassing Bitcoin, Polygon’s proposals for 2.0 upgrade and POL token migration, and Thai banking giant KBank setting up a $100 million Web3 and AI fund.

What’s New in Apple’s iPhone 15?

13 September 2023

by writelyhub.com with 2 Comments Economy Technology

Introduction:

Apple has once again captivated the world with its latest innovation, the iPhone 15. This new series boasts a revolutionary design featuring a titanium core, a metal known for its strength and lightness. Alongside the sleek build, Apple introduces a faster chip, promising enhanced gaming experiences and overall performance. With a palette of 15 stunning colors, including vibrant greens, blues, pinks, and classic black and white, the iPhone 15 promises to be a visual and technological marvel.

Apple has propelled an unused arrangement of iPhones that incorporate a center made of titanium, a valuable metal, and a quicker chip that plays diversions superior. iPhone is accessible in 15 lovely colors including green, blue, pink, white, and dark. The utilization of titanium metal will make it lighter and more grounded than models made of other metals.

The foremost astounding thing about the iPhone 15, which was able to hit the advertising on September 22, is that its cost has not been expanded, reflecting the need of worldwide request. It includes a 48-megapixel primary camera for taking close-to-life photographs and a 24-megapixel selfie camera. It moreover highlights USB-C for the first time and can be associated with using Obsequious.

iPhone 15 begins at $799, iPhone 15 Also begins at $899, and the Professional arrangement begins at $999.

Costs for the Professional Max begin at $1,199, the same as the final year for the same capacity levels. Apple still depends on the iPhone for more than half of its deals, but the worldwide smartphone showcase fell to 268 million within the moment quarter from an add up to 294.5 million phones transported.

The dispatch ceremony at Apple’s Cupertino central command in California has been held amid questionable financial conditions. It has especially battled in China, its third-largest showcase. As of late, the government has prohibited the utilization of iPhones in government workplaces. Due to this, its deals have diminished there.

In spite of the fact that Apple maintains a strategic distance from the term fake intelligence, it is utilized within the unused phone. An Apple official said the company utilized machine learning to recognize a person inside the diagram.

His photo can now be changed to a portrait instantly or later in the Photos app.

Apple’s promoting chief Greg Jovic said that the iPhone 15 will moreover be able to shoot 3D video. That will be seen on Apple’s Professional headset, which can hit the advertising early next year. Apple’s shipments fell the slightest of any major smartphone creator, falling to 45.3 million from 46.5 million phones, according to information from Counterpoint Investigate.

Unique perspective:

Apple’s commitment to innovation and user experience shines through in the iPhone 15, offering users a blend of cutting-edge technology and aesthetic appeal. The integration of titanium, a premium metal, not only enhances durability but also underscores Apple’s dedication to craftsmanship and design. With features like improved camera capabilities and USB-C connectivity, the iPhone 15 caters to the diverse needs of users, promising an unparalleled smartphone experience. As Apple navigates through global challenges and market dynamics, the iPhone 15 stands as a symbol of resilience and innovation, shaping the future of mobile technology.

What’s New in Apple’s iPhone 15?

Conclusion:

In conclusion, the release of the iPhone 15 marks another milestone in Apple’s journey of innovation and excellence. With its cutting-edge features, including a titanium core, advanced camera system, and enhanced performance, the iPhone 15 sets a new standard for smartphones. Despite economic challenges and market fluctuations, Apple continues to push boundaries and redefine the smartphone landscape. The iPhone 15 stands as a testament to Apple’s unwavering commitment to delivering unparalleled quality and innovation to its users worldwide.

FAQs:

What are the standout features of the iPhone 15?

The iPhone 15 boasts a titanium core for strength and lightness, a faster chip for improved performance, a 48-megapixel primary camera, a 24-megapixel selfie camera, and USB-C connectivity.

What is the starting price of the iPhone 15 series?

The iPhone 15 starts at $799, the iPhone 15 Plus at $899, and the Professional series at $999. The Professional Max starts at $1,199, with prices remaining consistent with the previous year.

How does the iPhone 15 address market challenges, particularly in China?

Despite challenges in the Chinese market, including government restrictions, Apple continues to innovate and cater to global demand with its latest offerings, including the iPhone 15.

What role does artificial intelligence play in the iPhone 15?

While Apple avoids the term artificial intelligence, the iPhone 15 incorporates machine learning technology to enhance features such as portrait mode in the Photos app and 3D video capabilities.

China-ASEAN Economic Cooperation.

7 September 2023

by writelyhub.com with One Comment NEWS TRAVEL Worldwide

Introduction:

These days, most of the nations of the world are confronting extreme financial weight. Nations that have great relations with their neighbors are adapting way better to this circumstance, participation between China and ASEAN nations has gotten to be a case in this respect. China-ASEAN participation, which has been advancing common improvement and thriving for a long time, has picked up more significance. The China-Laos Railroad to be propelled in 2021 is an illustration of how China-ASEAN participation can bear natural products. The 1,035-kilometer-long railroad, which interfaces Vientiane, the capital of Laos, with Kunming, the capital of Yunnan Territory in China, has made modern openings for neighborhood individuals on both sides. Railroads have made a difference in Laos to a few degrees in recouping from the financial effects of the plague. The railroad passes through Luang Prabang, a territory of Laos that has numerous visitor attractions. Final year, Luang Prabang facilitated more than 500,000 travelers, producing $216 million in tourism income that made a difference in the neighborhood economy. This year the number of visits is anticipated to extend to 1 million and they are anticipated to produce 360 million dollars in tourism income.

The China-Laos Railway has already facilitated about 20.09 million passengers,

of which 17.09 million are on the China side, according to the China Railroad Organization, and transported more than 24 million tons of cargo. Much obliged to the railroad, Laos has presently changed from a landlocked nation to a landlocked nation. It has moreover ended up as a transportation center within the Mekong Waterway locale and a dry harbor for China and Southeast Asian nations. Railroads have as of now been expanded to Thailand, cutting the travel time for cargo from that nation to China by a third. Within the to begin with five months of this year, Thailand traded 2.84 billion baht worth of merchandise to China through the extended China-Laos Railway. Helped to extend their pay by offering within the showcase. They are presently more sure about their financial recovery. Work on the China-Thailand Railroad and its expansion to the China-Laos-Thailand Railroad has been quickened. Within the field of the venture, ASEAN nations have ended up being one of China’s fundamental outside venture goals and sources of the outside coordinate venture.

As of July this year, bilateral investment reached $380 billion,

with more than 6,500 Chinese enterprises making direct investments in ASEAN member countries. This strong bilateral trade has boosted the region’s economic recovery. Better connectivity between China and ASEAN member states has expanded their markets and the Belt and Road Initiative and ASEAN member development policy frameworks. It has helped in achieving significant achievements in infrastructure. The digital economy has become a new contributor to China-ASEAN cooperation and the economic recovery of ASEAN member states. China is driving the advancement of computerized framework and could be a key ASEAN accomplice in advancing the computerized economy. In today’s time, the computerized economy is exceptionally vital for social improvement, work era, and the welfare of individuals.

It should be noted that China and ASEAN declared 2020,

as the year of China-ASEAN Computerized Financial Participation, with which the two sides developed participation in areas such as manufactured insights, information, and cyber security. In expansion, Chinese endeavors are collaborating with their partners in Malaysia, Laos, Singapore, Myanmar, the Philippines, and Indonesia in zones such as the Web and cloud computing. There’s no question that China-ASEAN participation is contributing to social advancement, shared thriving, and maintaining regional soundness within the field of computerized economy.

China-ASEAN economic cooperation is already facilitating regional economic recovery,

and typically reflected within the exchange volume between these nations. In truth, China exchange has developed quickly in later a long time, with ASEAN nations overwhelming the European Union to end up being China’s biggest exchange accomplice in 2020. In 2021, China-ASEAN products exchange will reach $878.2 billion, up 28.1% year-on-year. In 2022, respective exchange is anticipated to develop 11.2 percent year-on-year to $975.3 billion up to 120 percent from the past decade.

China-ASEAN Economic Cooperation.

Conclusion:

In conclusion, the deepening economic cooperation between China and ASEAN nations stands as a beacon of resilience and prosperity in a world facing significant economic challenges. The strategic partnership between China and ASEAN has not only fostered mutual development but has also contributed to regional stability and prosperity. Initiatives such as the China-Laos Railway underscore the tangible benefits of this collaboration, creating new opportunities for economic growth and connectivity across borders. The robust bilateral trade and investment between China and ASEAN member states reflect the strength and vitality of their partnership, driving regional economic recovery and advancement. As both sides continue to deepen their cooperation in areas such as digital economy and infrastructure development, the potential for further growth and prosperity remains promising. The China-ASEAN economic cooperation serves as a model of successful regional integration and underscores the importance of strong and positive relations with neighboring countries in achieving shared prosperity and sustainable development.

FAQs:

What is the significance of the China-Laos Railway in China-ASEAN cooperation?

The China-Laos Railway exemplifies the benefits of China-ASEAN cooperation by fostering economic development and connectivity between the two regions, creating new opportunities for trade and investment.

How has bilateral investment between China and ASEAN member states evolved?

Bilateral investment between China and ASEAN member states has reached $380 billion, with over 6,500 Chinese enterprises making direct investments in ASEAN countries, boosting economic recovery and growth in the region.

What role does the digital economy play in China-ASEAN cooperation?

The digital economy has emerged as a new contributor to China-ASEAN cooperation, driving social development, job creation, and welfare enhancement. Both sides have pledged to deepen cooperation in areas such as artificial intelligence, data, and cybersecurity to promote digital financial inclusion and economic growth.

How has China-ASEAN trade volume evolved in recent years?

China-ASEAN trade volume has grown rapidly, with ASEAN nations surpassing the European Union to become China’s largest trading partner in 2020. In 2021, China-ASEAN goods trade reached $878.2 billion, with further growth anticipated in the coming years.

What are the key factors driving China-ASEAN economic cooperation?

Strong positive relations, strategic partnerships, and collaborative initiatives such as the Belt and Road Initiative and ASEAN development policies have been key drivers of China-ASEAN economic cooperation, fostering regional integration and prosperity.

G20 meeting: Does the Chinese President’s non-participation send a message to India?

5 September 2023

by writelyhub.com with 3 Comments Economy NEWS Worldwide

Introduction:

US President Joe Biden’s upcoming visit to India for the G20 summit has sparked significant attention and discussion, particularly in light of the absence of his Chinese counterpart, Xi Jinping. Amidst geopolitical tensions and diplomatic maneuvers, the dynamics surrounding the summit have become a focal point for international observers and analysts.

G20 Summit.

US President Joe Biden has said that he is looking forward to his visit to India to attend the G20 summit. However, he also said that he was disappointed that his Chinese counterpart Xi Jinping did not attend the meeting.

In response to questions from media representatives on Sunday, President Biden said that he is going to India. He also said that he is going to meet Xi Jinping soon. According to media reports, he was referring to the ‘Asia Pacific Economic Co-Operation Forum meeting to be held in San Francisco at the end of this year. According to the White House, President Biden will arrive in Delhi on September 7 and hold bilateral talks with Prime Minister Narendra Modi on September 8, while he will attend the G20 meeting on September 9 and 10.

Chines Ministry.

The Chinese Ministry of Foreign Affairs has confirmed that President Xi Jinping will not attend the 20th meeting. It should be noted that Russian President Vladimir Putin is also not participating in the meeting. He has informed this to Prime Minister Modi over the phone. Speaking to the media, India’s Special Secretary for G20, Maktish Pardeshi, said that India is waiting for China’s written notification regarding Xi Jinping’s visit. Until something comes out in writing from China, we can’t say anything about it. The issue is being watched very closely in New Delhi’s diplomatic circles. They are treating Xi Jinping’s non-participation in the summit as ignoring India’s G20 presidency.

The Chinese Ministry of Foreign Affairs has confirmed that President Xi Jinping will not attend the 20th meeting. It should be noted that Russian President Vladimir Putin is also not participating in the meeting. He has informed Prime Minister Modi over the phone. Speaking to the media, India’s Special Secretary for G20, Maktish Pardeshi, said that India is waiting for China’s written notification regarding Xi Jinping’s visit. Until something comes out in writing from China, we can’t say anything about it. The issue is being watched very closely in New Delhi’s diplomatic circles. They are treating Xi Jinping’s non-participation in the summit as ignoring India’s G20 presidency.

According to analysts, the ongoing border tension between India and China has increased again for the last four years. The reason for this is that in the past few days, China has issued a new map to show its share of Aksai Chin and Arunachal Pradesh.

India has strongly condemned the move and termed the map as unacceptable. Disputes between the parties persist at several places in eastern Ladakh, particularly Deepsang and Demchuk. However, there have been several periods of negotiations between the two countries at the level of military commanders. Analysts are speculating on the reasons for Xi Jinping’s non-attendance.

He said that the two leaders had an informal meeting during the BRICS summit in Johannesburg, South Africa, and it was expected that Xi Jinping would attend the G20 meeting and the two leaders would discuss border disputes. will have a chance to resolve. ‘It is not good for India’

One of the senior analysts of international affairs, says that the holding of the Group 20 meeting is a big event for India. The Indian government was waiting for it and wanted the meeting to be a complete success. Because the credit for its success would go to the Modi government.

He said that Vladimir Putin is not attending because of the Ukraine war and other domestic issues. But now it is being understood that even Xi Jinping is not coming. According to him, the non-participation of these two big leaders is not a good thing for India and it can be said that the success of the meeting on the scale that India was expecting will not be so successful now.

He says that China is the second largest economy in the world after America. The absence of the presidents of China and Russia will affect the success of the meeting. This is why Joe Biden has expressed frustration. Analysts believe that there are many disputes between the United States and China, and if the Chinese president had attended the meeting, there would have been a possibility of his meeting and discussion with Joe Biden, and the parties would have had an opportunity to resolve mutual disputes.

The issue of Ukraine is high on the agenda at the Group B summit. The position of Russia and China on Ukraine is completely different from that of the United States and Western countries. If both of them had come, there could have been a concrete discussion regarding Ukraine. But their non-participation will also affect the decisions of the meeting.

G20 meeting: Does the Chinese President’s non-participation send a message to India?

Some analysts say there is speculation that Xi Jinping wants to see India, which wants to demonstrate its culture, pluralism, and economic strength through the G20 summit, in trouble. Besides, they believe that their non-participation will lead to India’s withdrawal. That is why they decided not to come.

Modi will now be able to keep his word openly’ Former diplomat Ashok Sajjanhar says Xi may have decided because he was confused about meeting and negotiating with certain leaders such as Joe Biden and Narendra Modi.

However, he also says that his non-participation gives the impression that he, as the leader of a major power, is not serious about his global responsibilities regarding this meeting.

According to him Xi Jinping not coming is good for India. Upon their arrival, the host and national and international media would focus on their activities, conversations, and body language.

In his opinion, in this case, the attention would be diverted from the substantial discussion on the G20 agenda. The second thing is that in his absence, Prime Minister Modi will be able to speak openly.

However, they also say that it would have been good if they had come. In this case, there would be an opportunity to resolve the border dispute between India and China. After October 2019, the two leaders held brief meetings in November last year in Bali and this year in Johannesburg. A detailed meeting was likely in Delhi.

Meanwhile, the Indian Air Force has announced ahead of the G20 meeting that it will conduct military exercises in the northern sector bordering China and Pakistan. According to news agency ANI, the exercise will be on a large scale and warplanes like Rafale, Mirage 2000, and Su-30 MKI will participate in it.

Conclusion:

The absence of President Xi Jinping from the G20 summit presents both challenges and opportunities for India and the global community. While it may complicate efforts to address pressing issues such as border disputes and geopolitical tensions, it also provides an opportunity for Prime Minister Modi to assert India’s position and engage openly on the international stage. As the summit approaches, the world watches closely, anticipating the outcomes and implications of this significant diplomatic event.

FAQs:

What is the significance of President Biden’s visit to India for the G20 summit?

President Biden’s visit to India underscores the importance of diplomatic relations and multilateral cooperation between the US and India, particularly within the context of the G20 summit. His attendance reflects the strategic partnership between the two countries and their shared commitment to addressing global challenges.

Why is the absence of President Xi Jinping and President Putin notable at the G20 summit?

The absence of both President Xi Jinping and President Putin raises questions about the dynamics and outcomes of the summit, particularly regarding discussions on critical issues such as border disputes, geopolitical tensions, and economic cooperation. Their non-participation could impact the effectiveness and outcomes of the summit’s deliberations.

What are the implications of President Xi Jinping’s decision not to attend the G20 summit?

President Xi Jinping’s decision not to attend the G20 summit raises concerns about China’s engagement in international diplomacy and its commitment to addressing global challenges. It also highlights ongoing tensions and disputes between China and other countries, particularly in the context of border disputes and geopolitical rivalries.

How does the absence of President Xi Jinping affect India’s role as the host of the G20 summit?

The absence of President Xi Jinping from the G20 summit poses challenges for India’s leadership and agenda-setting efforts as the host country. It may complicate efforts to address regional and global issues, including border disputes and economic cooperation, and could impact the overall success and outcomes of the summit.

What are the potential implications of the Indian Air Force’s military exercises ahead of the G20 summit?

The Indian Air Force’s announcement of military exercises in the northern sector bordering China and Pakistan signals India’s preparedness and strategic posture in the region. It underscores India’s commitment to safeguarding its territorial integrity and security interests amidst geopolitical uncertainties and regional tensions.