UN to cam­paign against xeno­pho­bia, racism

Pakistan Observer - - INTERNATIONAL -

mak­ing a dif­fer­ence. China’s busi­ness en­vi­ron­ment has greatly im­proved in re­cent years, Li said, and mar­ket ac­cess has been fur­ther opened up.

Ac­cord­ing to the World Bank, China has risen six places over the year to 84th in terms of the con­ve­nience of con­duct­ing busi­ness out of 189 economies. Up un­til now, more than 95 per­cent of for­eign in­vested projects, and more than 98 per­cent of over­seas in­vested projects, are reg­u­lated on­line.

Yet China’s con­ven­tional ad­van­tages in the global econ­omy started to show weak­nesses in re­cent years, while both for­eign trade growth and uti­liza­tion of over­seas in­vest­ment have been de­clin­ing. This has some­thing to do both with weak­en­ing in­ter­na­tional de­mand and China’s busi­ness en­vi­ron­ment per se. “We need to op­ti­mize the busi­ness en­vi­ron­ment for both for­eign and pri­vate in­vestors to un­leash mar­ket vi­tal­ity and im­prove our over­all com­pe­tence. UNITED NA­TIONS—The United Na­tions on Tues­day pro­posed that its mem­ber coun­tries cre­ate and agree upon a sys­tem to share re­spon­si­bil­ity more fairly for the hun­dreds of mil­lions of refugees and mi­grants around the world.

The global com­pact would be ac­com­pa­nied by a UN-led cam­paign to com­bat the xeno­pho­bia and racism that have tainted dis­cus­sions of the refugees and mi­grants, UN of­fi­cials said at a briefing to re­lease a re­port on the global mi­gra­tion.

The UN es­ti­mates there are 20 mil­lion refugees world­wide and an­other 40 mil­lion peo­ple dis­placed in­side their own coun­tries. Of the refugees, 86 per­cent live in de­vel­op­ing coun­tries, of­ten near the coun­tries they came from, it says.—Agen­cies

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.