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China Says No Trade Talks as Long as Trump Threatens More Tariffs

China Says No Trade Talks as Long as Trump Threatens More Tariffs

  China said talks to resolve the impasse over trade with the U.S. can’t happen as long as President Donald Trump keeps threatening to impose further tariffs.  Just over an hour after the Trump administration imposed further duties on another $200 billion in Chinese goods on Monday, Beijing published a document reiterating its position in […]

Botswana Says China Agreed To Extend Loan, Cancel Debt

Botswana Says China Agreed To Extend Loan, Cancel Debt

China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana’s President Mokgweetsi Masisi said on Saturday. Speaking at the airport on his return from this week’s China-Africa forum in Beijing, Masisi said Botswana had made a pitch to China and “I am happy […]

Xi Urges Fellow BRICS Countries To Reject Go-It-Alone Trade

Xi Urges Fellow BRICS Countries To Reject Go-It-Alone Trade

Chinese President Xi Jinping said there would be no winner in a global trade war, urging fellow developing powers on Wednesday to reject unilateralism in the wake of tariff threats by U.S. President Donald Trump. Trump’s warnings have given Brazil, Russia, India, China and South Africa fresh impetus to enhance trade cooperation, and their leaders […]

China Cultural Centre Fetes African Women In Abuja

China Cultural Centre Fetes African Women In Abuja

The cultural heritage of China and African nations were displayed at a colourful event organised by the China Cultural Centre, Abuja, in commemoration of the 2018 International Women Day celebration. The vibrant gathering to showcase fashion, culture, creativity, gourmet and diversity was tagged ‘Women in Culture 2018’. It was hosted by the Deputy Director of […]

China-Sponsored School Helps Kenyan Slum Children Nurture Talents

China-Sponsored School Helps Kenyan Slum Children Nurture Talents

 Stacy Awuor developed a love for football at a tender age while growing up in Nairobi’s Mathare slums where poverty and other social ills have always conspired to deny youngsters a chance to realize their dreams. The 16-year-old student at MCEDO Beijing school, whose construction was financed by Chinese firms, has defied cultural stereotypes and […]

America Again Owes More Money To China Than Any Other Nation

America Again Owes More Money To China Than Any Other Nation

China’s vast holdings of U.S. government debt jumped $44 billion to $1.15 trillion in June, according to U.S. Treasury Department data. That took China above Japan, which offloaded $21 billion in U.S. bonds in the month. Japan had held the position of Uncle Sam’s biggest creditor for the previous eight months, but Beijing’s renewed appetite for […]

Ghana Signs $10 bln MOU with China for Bauxite Project

Ghana Signs $10 bln MOU with China for Bauxite Project

Ghana has signed a $10 billion memorandum of understanding (MOU) with China to develop its bauxite industry, the country’s Senior Minister Yaw Osafo-Maafo said on Wednesday. Growth in the West African country slowed sharply in 2014 due to a fiscal crisis and tumbling commodity prices following years of economic expansion at around 8 percent on […]

Uganda Negotiating $2.3 Bln Loan With China To Fund Rail Line

Uganda Negotiating $2.3 Bln Loan With China To Fund Rail Line

Uganda is negotiating a $2.3 billion loan with China’s Exim Bank to fund an initial 273 km stretch of rail line the east African country is planning to build for faster and cheaper transportation, an official said on Thursday. Landlocked Uganda eventually wants to construct a 1,700 km standard gauge railway network to connect with […]

Alibaba Smashes Sales Records On Singles’ Day Hype

Alibaba Smashes Sales Records On Singles’ Day Hype

Chinese e-commerce group Alibaba surpassed last year’s Singles Day sales record of $14.3 billion by 3:30 pm (Beijing time) today, after the company pulled out all the stops to ensure a successful shopping bonanza amid a slowing Chinese economy. Gross merchandise value settled through its payment app Alipay reached 91.2 billion yuan ($13.3 billion) shortly after […]

China’s Marriage Rate Is Plummeting – And It’s Because Of Gender Inequality

China’s Marriage Rate Is Plummeting – And It’s Because Of Gender Inequality

  One of the greatest fears of Chinese parents is coming true: China’s young people are turning away from marriage. The trend is also worrying the government. After a whole decade of increases in the national marriage rate, China witnessed its second year of decline in the number of newly registered unions in 2015, with […]

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