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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »China property tycoon warns on real estate bubble
Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …
Read More »Chinese giant turns to France to meet soaring demand for baby formula
Carhaix-Plouguer, France | AFP | China’s third largest baby formula producer on Wednesday opened a vast plant in France’s Brittany region, whose prized dairy cows are set to contribute 100,000 tons of powdered milk a year to a growing Chinese market that mistrusts domestic production. Synutra’s 170 million euro ($190 …
Read More »China flies military planes over strait near Japan
Beijing, China | AFP | China has sent fighter planes for the first time over a strait near Japan, the two governments said Monday, after Tokyo announced it may patrol alongside the US in the disputed South China Sea. More than 40 Chinese military aircraft on Sunday traversed the …
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