Maintaining profit growth of more than 10 percent will be a tough task for central state-owned enterprises, which will likely see their growth shrink from the third quarter, the State-owned Assets Supervision and Administration Commission has warned.
In a unique scholarship scheme, 20 students from the Republic of Congo are pursuing their dreams of a professional career by studying at Chang'an University in Xi'an, Shaanxi province.
It is often argued that China's state-owned enterprises have reached their peak in their home markets and need to spread wings. But can they find glory in Africa? It's a complex issue.
Chinese companies can play an enormous role as Africa moves down the path of industrialization
Nobody questionsAfrica's industrialization process - only how it should Happen, where and with whom.
Generally speaking, there is no argument - Africa needs industrialization to provide jobs, reduce poverty and improve economies.
China's spectacular growth over the past 30 years has exacted a heavy toll on its environment, and now the country's leaders are seeking to rebalance the quest for economic success and the need for sustainable development. So as Chinese companies start to move factories to Africa to be closer to raw materials and markets, and to modernize their production methods, they are paying increasing attention to how their moves will affect the environment.
Setting up a manufacturing business in Africa is a tough assignment. But for many Chinese businesspeople facing dwindling profits at home, the lure of fresh markets and a potentially huge consumer base outweigh the difficulties.
Chinese investment in Africa has grown rapidly in recent years, and its scope has gradually widened. Infrastructure construction contracts that predominated until 2006 are now just part of the mix, alongside agriculture, catering, clothing and textiles, energy, financial services, heavy industry, high-tech, manufacturing, processing, telecommunications and transport. The form of investment has also evolved, from initial early-stage investment to setting up factories and building oil refineries.
Chinese companies are helping urbanization, industrialization in africa with their outreach moves
Few Chinese private company bosses are as ambitious as Lu Qiyuan.
He Liehui is a private business owner who has set up an African base to export goods to Europe and the United States.
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