Shanghai-based Zendai Group, the parent company of Hong Kong-listed Zendai Property Ltd, will invest more than 80 billion rand ($7.6 billion) over the next 20 years to develop a mixed-use property project in Johannesburg.
With the global hunt for energy now shifting to more unconventional sources such as shale gas, coalbed methane and shallow oil prospects in deserts, engineering companies are finding that it pays to have drilling rigs that are sophisticated and highly mobile.
Orders placed at China's largest international trade fair, running from April 15 to May 5, will likely stabilize in the shadow of recent sharp export declines.
As a complement to the twice-yearly China Import and Export Fair, known as the Canton Fair, the Internet site e-cantonfair.com will offer services to all global buyers during its spring session that started on April 15, a senior company manager says.
Stock markets in Shanghai and Hong Kong closed slightly higher on April 16 after China reported first quarter GDP growth of 7.4 percent year-on-year, beating market expectations of 7.2 to 7.3 percent.
The Chinese economy carried on with its restructuring and upgrading in the first quarter of the year despite the slowest expansion in 18 months, a highlight amid pessimistic data which is expected to offset further downward pressure on growth over the long term.
Beijing has made it into the top 10 of the world's most global cities for the first time, ranking eighth in the A.T. Kearney Global Cities Index.
While international sports brands are struggling with slower growth in China, a few domestic sportswear makers are seeing the light at the end of the tunnel.
The growth of sportswear products is being increasingly challenged by the rapid expansion of fast-fashion retailers in China, where consumers are more sensitive to fashion and price tags, industry experts say.
The Silk Road. The very name conjures up images of hardy, courageous merchants fighting off bandits and warring tribesmen as their caravans, carrying exotic silks and spices, ventured warily along a series of ancient trade routes that stretched more than 7,000 kilometers from China to the Mediterranean Sea and provided a connection between East and West for centuries.
"China's current nuclear energy projects already meet the international standards for nuclear safety, but such laws are still needed to further stipulate the structure and responsibilities of China's nuclear emergency response system."
Economy
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