Chinese-built railway to boost economy: Kenyan minister

Saturday, September 30, 2017

NAIROBI – The Standard Gauge Railway (SGR), which is being constructed by Chinese firm, will help boost Kenya’s economy by cutting the cost of transportation and enhancing movement of people and goods, a Kenyan minister said on Monday.Infrastructure and Transport Cabinet Secretary James Macharia said at an infrastructure summit in Nairobi that the $3.6 billion […]

China’s securities watchdog vows to punish share dumpers

Friday, September 29, 2017

China’s securities regulator on Friday reiterated that it will investigate and “severely punish” major shareholders who sold shares despite a six-month ban. Starting July 8, the government banned major shareholders, corporate executives and directors who hold more than 5 percent of a company’s shares from selling stakes in listed companies for six months. The China […]

More automakers to buy Hunan Corun hybrid powertrains

Friday, September 29, 2017

Hunan Corun New Energy Co, which supplies batteries for Toyota Motor Corp’s China-made hybrids, expects a sixfold jump in the number of vehicles it will equip next year with its own gasoline-electric systems as more automakers embrace the technology to meet a deadline for lowering fuel consumption.Four Chinese assemblers, including Anhui Jianghuai Automobile Co, Haima […]

Quanzhou refinery exports more high-quality oil products

Thursday, September 28, 2017

Exports of high-quality refined oil-produced using domestically manufactured equipment by Sinochem Quanzhou Petrochemical Co Ltd’s huge refinery-have been increasing among the Belt and Road countries, said General Manager Zhang Qiang.Zhang said that oil overcapacity currently in China mostly involves lower-quality crude and outdated capacity, and high-quality oil is, in fact, in short supply.The Sinochem Quanzhou […]

Photographers look at Africa from fresh angle

Thursday, September 28, 2017

Aida Muluneh (left),photographer and founder of Addis Foto Fest talks with her coworkers. Surrounded by untidy stacks of paper and abandoned half-empty coffee cups, photographer Aida Muluneh chain smokes cigarettes in her Addis Ababa office and rails against the negative portrayals of Africa by foreigners.The 42-year-old returned to Ethiopia nine years ago after living in […]

Top five banks to make mobile transfers between them free

Wednesday, September 27, 2017

China’s five largest commercial lenders started providing interbank transfers and transfers within accounts of a bank via mobile banking for free on Feb 25, 2016. China’s five largest commercial lenders started providing interbank transfers and transfers within accounts of a bank via mobile banking for free on Thursday, as part of their efforts to deal […]

Obama, Bush embark for Mandela memorial

Wednesday, September 27, 2017

US President Barack Obama and first lady Michelle Obama depart Joint Base Andrews in Washington en route to Johannesburg Dec 9, 2013. Obama will attend the memorial service for South Africa’s Nelson Mandela on Tuesday.ABOARD AIR FORCE ONE – US President Barack Obama embarked on a three-day trip on Monday with former President George W. […]

Doctor a hero to rural Xinjiang community

Tuesday, September 26, 2017

Mei Lian rides to visit a patient on the grasslands. In the Kazakh language, baerluke means abundant, rich and having all that’s needed.However, nomads herding cattle on Baerluke Mountain – located on the Chinese border with Kazakhstan in the Xinjiang Uygur autonomous region – have always lived with a shortage of doctors.”Baerluke needs me,” says […]

Chinese FM expresses condolences over Sri Lanka flood disaster

Tuesday, September 26, 2017

Chinese Foreign Minister Wang Yi on Friday sent a message to his Sri Lankan counterpart Mangala Samaraweera, extending condolences over the flash floods and landslides hitting the island country.In the message, Wang expressed deep sympathy to the Sri Lankan government and people in the stricken area and conveyed profound condolences to the victims of the […]

Samsung likely to permanently halt Galaxy Note 7 sales: report

Monday, September 25, 2017

A man passes by a Samsung’s store in Nanjing, East China’s Jiangsu province, Oct 10, 2016. SEOUL – Samsung Electronics Co Ltd will likely stop selling its Galaxy Note 7 smartphones permanently following the latest halt of sales and production, South Korea’s Hankyoreh newspaper reported on Tuesday citing unnamed sources.The paper said Samsung would likely […]