Tag: China

Growing US Imports Threatened by Developing Trade War
April 10, 2018 No Responses

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...
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COSCO Shipping Declares $423.3m Profit In 2017
April 1, 2018 No Responses

COSCO Shipping Declares $423.3m Profit In 2017

China’s major COSCO Shipping Holdings delivered improved earnings in 2017 on the back of a broad economic recovery globally and increasing demand for container shipping services. The company informed that profit attributable to its equity holders for the ye...
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China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa
March 2, 2018 No Responses

China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa

United Bank for Africa (UBA) Plc has announced the signing of a letter of intent for $100 million to finance the development of Small and Medium Enterprises (SMEs) in Africa.  According to the financial institution, the $100 million loan will...
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China pledges to strengthen bilateral relationships with Nigeria
February 18, 2018 No Responses

China pledges to strengthen bilateral relationships with Nigeria

Mr Li Xuda, the Cultural Counselor, the Chinese Embassy in Nigeria says the 2018 China New Year celebration is dedicated to strengthening bilateral relationships with Nigeria. Xuda spoke with the News Agency of Nigeria on Saturday in Abuja on the...
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Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships
January 23, 2018 No Responses

Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships

Chinese tanker owner Shanghai Dingheng Shipping has inked a strategic cooperation agreement with local shipbuilders and steel and equipment manufacturers for its plan of constructing 100 ships in the next ten to twenty years.   The company’s parent Dinghen...
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NSE emerges one of the top five best performing exchange in 2017
December 29, 2017 No Responses

NSE emerges one of the top five best performing exchange in 2017

The value of public companies on global stock markets grew by $12.4 trillion in 2017, according to S&P Dow Jones Indices, which included dividends in its calculation.   According to CNN, a  number of markets even outperformed the U.S. Here’s...
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World’s largest amphibious plane in maiden China flight
December 25, 2017 No Responses

World’s largest amphibious plane in maiden China flight

The world’s largest amphibious aircraft, China’s AG600, has made a successful one-hour maiden flight. The plane, roughly the size of a Boeing 737 but with four turboprop engines, lifted off from Zhuhai airport in the southern province of Guangdong....
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China to Conduct Ship Pollution Control
December 2, 2017 No Responses

China to Conduct Ship Pollution Control

China has launched a year-long inspection campaign on Ship Pollution Control in the Hainan Province as part of its efforts to reduce air and water pollution associated with shipping, marine insurer Gard said. The Chinese Maritime Safety Authority (MSA) said i...
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Photo News
December 1, 2017 No Responses

Photo News

Odion Ighalo (left), Footballer with Chinese club, Changchun Yatai F.C. and the Nigerian National team presents his club jersey to Governor Godwin Obaseki of Edo State during a visit to the governor to solicit support for the establishment of an...
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Online shopping comes under scrutiny
November 6, 2017 No Responses

Online shopping comes under scrutiny

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine. The new...
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Nigeria elected VP UNWTO General Assembly
September 13, 2017 No Responses

Nigeria elected VP UNWTO General Assembly

Nigeria, represented by the Minister of Information and Culture, Alhaji Lai Mohammed, has been elected Vice President of the United Nations World Tourism Organization (UNWTO) General Assembly.  Nigeria was elected by acclamation to represent Africa, alongside...
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Buhari extols Nigeria’s relationship with China
August 14, 2017 No Responses

Buhari extols Nigeria’s relationship with China

The relationship between Nigeria and China is one that President Muhammadu Buhari cherishes and values highly, Presidential spokesman, Mr Femi Adesina, has said.   Mr Adesina stated this when he received in audience the Vice Minister of Information of State.....
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COSCO forecasts 50 % drop in profit
July 20, 2017 No Responses

COSCO forecasts 50 % drop in profit

Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between...
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COSCO votes $1.7B on 14 ULCVs
June 26, 2017 No Responses

COSCO votes $1.7B on 14 ULCVs

China COSCO Shipping Corp has embarked on a major shopping spree, adding 14 ultra large containership newbuilds to its fleet. The investment comes as the company targets routes from Asia to Europe prompted by new free trade deals, as informed by the China.....
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