China is rolling out the red carpet for 53 African leaders as it seeks to strengthen ties and cement its influence in the mineral-rich and strategically centered continent. The three-day summit in …
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China, African leaders agree on major financing, trade deals at FOCAC summit in Beijing
Agreements on infrastructure, railways, energy and minerals top forum’s first day as Xi urges African support for China at UN, G20, Brics …
National economy minister meets with bank executives in Beijing
National Economy Minister Marton Nagy met with executives of the Bank of China (BoC) and the China Construction Bank (CCB) during his official visit to Beijing.
China: It is up to us to seize these opportunities – Cyril Ramaphosa
South Africa and China have vibrant, diverse and growing economies, with a wealth of opportunities for businesses wishing to expand into new markets. China is currently South Africa’s largest trading …
Will try to convince finance ministry to raise steel import duties to 10-12%: HD Kumaraswamy
Union Steel Minister H D Kumaraswamy on Wednesday said he will try to convince the finance ministry to raise duties on steel imports to 10-12 per cent from the current 7.5 per cent. The move…
China-Africa summit 2024: What’s in it for Beijing, Xi Jinping and Africa?
Beijing is looking to woo African countries with more investment dollars in exchange for better access to raw minerals.
West plugs defences as China cranks up aluminium output
China’s primary aluminium smelters are producing record amounts of metal and the domestic market surplus is spilling out of the country in the form of semi-manufactured products.
West plugs defences as China cranks up aluminium output
China’s primary aluminium smelters are producing record amounts of metal and the domestic market surplus is spilling out of the country in the form of semi-manufactured products.
Analysis-Debt woes and funding needs in focus as China hosts African leaders
A China-Africa summit in Beijing this week takes place as a continent slowly emerging from a series of defaults seeks to define its future cooperation with the Asian nation that partly fuelled its …
China, Nigeria to push for regional monetary, financial cooperation
China and Nigeria will encourage flexible and diverse regional monetary and financial cooperation, such as local currency swaps, to promote bilateral trade, according to a joint statement published by Chinese official news agency Xinhua.
Africa: China to Seek More Influence in Africa At Crucial Beijing Summit
China is welcoming more than 50 leaders from across Africa as it kicks off its ninth Forum on China-Africa Cooperation in Beijing. The event aims to bolster China’s influence on the continent amid …
China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks
China is considering cutting interest rates on as much as $5.3 trillion of mortgages in two steps to lower borrowing costs for millions of families while mitigating the profit squeeze on its banking …
Top Global Banks See China Struggling to Hit 5% Growth Target
A vast majority of global banks now expect China’s economy to grow less than 5% this year, with Bank of America Corp. the latest to slash its forecast and joining the likes of Goldman Sachs…
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