Tag Archives: China

  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 …

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 …

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 …

  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 …

Beijing, China | AFP |  The world’s largest radio telescope began operating in southwestern China Sunday, a project which Beijing says will help humanity search for alien life. The Five-hundred-metre Aperture Spherical Radio Telescope (FAST), nestled between hills in the mountainous region of Guizhou, began working around noon, the official …

New Delhi, India | AFP | India signed a deal Friday to buy 36 Rafale fighter jets for 7.9 billion euros ($8.8 billion), France’s biggest ever such sale, as it seeks to bolster its military against an increasingly assertive China. Defence experts say the aircraft, manufactured by France’s Dassault, will …

Parliament’s Natural Resources Committee has suspended sand mining on a two acre site along Masaka road in Lweera-Kalungu district. The expansive Lweera wetland on Kampala-Masaka Highway, which stretches about 20 kilometers, is a major water catchment area that connects several rivers and wetlands in Gomba, Mpigi and Kalungu districts and drains directly into …

Shanghai, China | AFP | Two of China’s top steelmakers announced plans Tuesday to merge,creating the world’s second-largest manufacturer of the commodity as markets struggle with a glut caused by Chinese overcapacity. The world’s second largest economy is trying to overhaul its lumbering state sector and especially its steel industry, …

Beijing, China | AFP |  A key gauge of China’s debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported. China’s credit-to-GDP gap reached 30.1 percent in the first quarter of 2016, its highest level ever …

Beijing, China | AFP |  China’s imports rose 1.5 percent year-on-year in August, figures showed Thursday, the first increase in nearly two years, in a positive sign for the world’s second-largest economy. Exports dropped 2.8 percent on-year to $190.6 billion, a smaller fall than the median forecast in a survey …