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Tag Archives: China

Philippines’ Duterte, in China, announces ‘separation’ from US

Beijing, China | AFP | Philippines’ President Rodrigo Duterte declared his “separation” from longstanding ally the United States, in Beijing on Thursday, as he rebalances his country’s diplomacy towards China. Duterte is in China for a four-day trip seen as confirming his tilt away from Washington and towards Beijing’s sphere …

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Property and credit booms stabilise China growth

Beijing, China | AFP |    Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world’s second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too …

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VIDEO: Who betrayed Ugandans in UNRA funds saga?

VIDEO: How did Uganda National Roads Authority degenerate into the mess it finds itself in? How did Chinese firms beat legal and construction processes to access billions in shillings, which billions according to the committee of parliament were meant to compensate those affected by the road construction works? As Joseph Sabiti attempted to dig deep …

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Chinese astronauts reach orbiting lab

Beijing, China | AFP |  Two Chinese astronauts entered the country’s new orbiting space laboratory for the first time on Wednesday, state media reported, as Beijing works towards having its own space station. Mission commander Jing Haipeng was first to float into the Tiangong-2 (“Heavenly Palace”) lab, the official Xinhua …

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Xi warns of globalisation backlash at BRICS summit

Benaulim, India | AFP | Chinese President Xi Jinping said Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister …

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China to launch manned spacecraft

Beijing, China | AFP | China will launch a manned space mission on Monday, official media said, as the Asian giant works towards setting up its own space station. Chinese astronauts Jing Haipeng and Chen Dong will be on board the Shenzhou-11 spacecraft as it blasts off from the Jiuquan …

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Kyambadde meets Chinese, warns on petty trading

Chinese Business Community living in fear of being chased out of Uganda Trade Minister Amelia Kyambadde has asked Chinese doing business in Uganda to stop engaging in petty trade to avoid causing hostility among locals. Some Ugandan have for long complained about foreign petty traders depriving them of work. Kyambadde me …

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VIDEO: Chinese road construction companies told to refund sh32bn

VIDEO: Parliament has ordered five Chinese construction companies to refund  sh32 billion out of sh47.7 billion remitted to to them by UNRA. The contractors had a tough time before the Parliamentary Committee of Commissions, State Authorities and State Enterprises after failing to explain why they failed to compensate people affected by the roads construction and …

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China’s forex reserves fall to 5-year low in September

Beijing, China | AFP |  China’s mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows. The world’s largest currency hoard fell to under $3.17 trillion, the People’s Bank …

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VIDEO: Chinese companies grilled over UNRA’s sh47.7 billion

  VIDEO: Six directors of five Chinese companies contracted to construct Ugandan roads have  faced the wrath of legislators on the Parliamentary Committee on Commissions, State Authorities and State Enterprises for failing to compensate hundreds of affected Ugandans even after UNRA advanced them sh47.7 billion shillings. The Chinese directors were grilled to …

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