China Archives — Page 6 of 6 — City Business News

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 Cape Verde, at the...

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.....

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...

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.....

June 13, 2017 No Responses

China donates N60m to Future Assured, Aisha Buhari’s Project

In recognition of the effort of Wife of the President, Mrs. Aisha Muhammadu Buhari to improve the lives of women and children across the country, especially victims of insurgency in the North East and on the issue of youth education...

June 4, 2017 No Responses

Climate Change: India vows to go beyond Paris accord

(BBC) Indian Prime Minister Narendra Modi has vowed his country will go “above and beyond” the 2015 Paris accord on combating climate change. Speaking at a news conference with French President Emmanuel Macron, Mr Modi described the agreement ...

April 17, 2017 No Responses

CMG eyes stake in Brazilian container port

Chinese state-owned corporation China Merchants Group (CMG) is looking to spread its footprint in Brazil as the company is reportedly in negotiations to buy Advent International Corp’s 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, loc...

April 17, 2017 No Responses

China’s first quarter growth beats expectations at 6.9%

(BBC) China’s economy grew by 6.9% in the first quarter of 2017, according to official figures. The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast. State-led...

April 6, 2017 No Responses

‘How criminal gangs use UK ports to defraud EU customs’

By Andrew Hosken (BBC) Systematic failures by UK customs officials have allowed criminal gangs to defraud the European Union of at least £2bn in just four years plus billions more in lost VAT, the EU anti-fraud office OLAF has claimed....

March 1, 2017 No Responses

Geely to unveil first Lynk model at Shanghai auto show

China’s Zhejiang Geely Holding Group will showcase its first model for Lynk & CO — the 01 compact crossover — at the Shanghai auto show in April, the Nikkei Asian Review reported, citing a company executive. The car will go...

February 22, 2017 No Responses

China sanctions CMA CGM, Evergreen, others for not reporting freight tariffs

(WMN) China’s Ministry of Transport has fined 14 international container shipping companies because they either failed to report freight tariffs to the ministry or were inconsistent with the reported ones. Companies have been punished with a total of RMB 2....

December 8, 2016 No Responses

Dare Art Alade to host unveiling of GAC new GS4 Brand in Lagos

Come Monday, December 12, 2016, China’s leading automaker, GAC motors will be unveiling its GS4 brand at the Eko Hotels and Suites, Victoria Island Lagos. A delegation from China led by the General Manager of GAC Motors will be making...