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China-Caribbean economic forum to bring new opportunities for bilateral cooperation: official

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      China

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      China-Caribbean economic forum to bring new opportunities for bilateral cooperation: official

      2024-09-10 00:03 Last Updated At:03:27

      The Ministerial Conference of the fourth China-Caribbean Economic and Trade Cooperation Forum, set to be held in south China's island province of Hainan, will bring new opportunities for economic and trade cooperation between China and Caribbean countries by spotlighting cooperation in emerging areas, an official with the Ministry of Commerce said on Monday.

      At a press conference in Beijing, Lin Feng, Director General of the American and Oceania Affairs Department of the Ministry of Commerce, announced that the conference, co-hosted by the ministry and the Hainan provincial government, will be held in Qionghai City from Sept. 12 to 14.

      This event will bring new opportunities for deepening mutually beneficial cooperation between China and Caribbean countries and inject fresh momentum into the economic development of the participating countries, the official noted.

      "This conference will focus on cooperation in emerging areas and explore green, low-carbon, and digital technologies to bring new opportunities and models for China-Caribbean economic and trade cooperation, better empowering the cooperation. It will also support Caribbean countries in better implementing the UN's 2030 Agenda for Sustainable Development," Lin said.

      "We welcome Caribbean countries to present their policies and visions for developing green, blue, and digital economies, and to jointly explore new approaches for high-quality cooperation between China and the Caribbean," he said.

      The China-Caribbean Economic and Trade Cooperation Forum mechanism was established in 2004. Aimed at promoting economic and trade cooperation between China and the Caribbean for mutual development, this forum serves as the highest-level inter-governmental economic and trade dialogue mechanism between China and Caribbean countries.

      To date, three sessions have been held: in Jamaica in 2005, in Xiamen City in east China's Fujian Province in 2007, and in Trinidad and Tobago in 2011.

      China-Caribbean economic forum to bring new opportunities for bilateral cooperation: official

      China-Caribbean economic forum to bring new opportunities for bilateral cooperation: official

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      Tech stocks drag turbulent US markets lower Thursday after strong gains on Wednesday

      2025-04-11 05:06 Last Updated At:06:17

      U.S. stocks ended sharply lower on Thursday, with all of the so-called "Magnificent Seven" tech stocks seeing steep losses, just a day after turbulent U.S. markets notched substantial gains on Wednesday.

      The Dow Jones Industrial Average fell by 2.50 percent, following a 7.87 percent gain on Wednesday, the Standard and Poor's 500 sank 3.46 percent, after jumping 9.52 percent the previous day, while the tech-heavy Nasdaq Composite Index shed 4.31 percent, after a 12.16 percent Wednesday hike.

      The extreme volatility in the U.S. financial markets comes following a week of fast-changing and unpredictable tariff decisions from President Donald Trump's administration which have prompted widespread concerns for investors, businesses and governments across the globe.

      Ten of the 11 primary Standard and Poor's 500 sectors ended Thursday in red, with energy and technology leading the laggards, dropping 6.40 percent and 4.55 percent respectively. Stocks in the consumer staples sector bucked the trend by rising 0.19 percent.

      Major tech companies were under pressure again, with the "Magnificent Seven" stocks of Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla all closing sharply down.

      Tech stocks drag turbulent US markets lower Thursday after strong gains on Wednesday

      Tech stocks drag turbulent US markets lower Thursday after strong gains on Wednesday

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