BEIJING, Nov. 17, 2024 /PRNewswire/ -- Over the decades, the Asia-Pacific region has been a vital driver of global economic growth. In October, the International Monetary Fund predicted the region would contribute approximately 60 percent to global economic growth in 2024. At the same time, Asia-Pacific cooperation is confronted with challenges such as rising tendencies of geopolitics, unilateralism and protectionism. In this regard, Chinese President Xi Jinping on Saturday called on leaders o

BEIJING, Nov. 17, 2024 /PRNewswire/ -- From the arrival of the first ship at Chancay Port to its official inauguration, the port has gained global attention in recent days, boosting confidence in the prospects of more open and inclusive Asia-Pacific economic development. The port, a cooperative project between Peru and China under the Belt and Road Initiative (BRI), will reduce sea shipping time from Peru to China to 23 days, cutting logistics costs by at least 20 percent. It is expected

BEIJING, Nov. 16, 2024 /PRNewswire/ -- "From Chancay to Shanghai" has become a popular slogan in Peru as the Chancay Port, a flagship project of the China-proposed Belt and Road Initiative (BRI), held a grand opening ceremony on Thursday. The $1.3 billion mega project is set to revolutionize regional trade by accommodating the world's largest cargo ships and significantly reducing shipping times. The first phase of the project will reduce the sea shipping time from Peru to China

QINGDAO, China, Nov. 15, 2024 /PRNewswire/ -- On November 15, the Northeast Asia International Commercial Dispute Resolution Summit took place in Qingdao, China. Jin Yun-guo, the director of the Korean branch of Jointide Law Firm (Jointide Foreign Legal Consultant Office), attended the roundtable discussion on "Cooperation and Prospects in International Commercial Arbitration" and delivered a speech on "Cooperation and Assistance in the Field of International Commercial Arbitratio