CHINA Tag

The leaders of Benin and Niger have given their backing to Chinese involvement in a controversial major rail infrastructure project set to span several countries.Read More
Niamey (AFP) The leaders of Benin and Niger have given their backing to Chinese involvement in a controversial major rail infrastructure project set to span several countries. “We have taken stock of the railway issue (and) we tried to see which measures could be taken to move forward,” the Niger President Mahamadou Issoufou told reporters in Niamey alongside his Benin counterpart Patrice Talon. “We are talking about the Chinese in terms of financing,” Talon said. Benin last month asked a local firm Petrolin and French giant Bollore to withdraw fromRead More
President Xi Jinping greeted Zimbabwean counterpart Emmerson Mnangagwa as an "old friend" of China on Tuesday as the African leader visited Beijing, which previously backed his ousted predecessor Robert Mugabe.Read More
Zimbabwe's President Emmerson Mnangagwa was due to meet Chinese President Xi Jinping on Tuesday as he seeks economic support from a major partner that previously backed his ousted predecessor Robert Mugabe.Read More
Beijing (AFP) Zimbabwe’s President Emmerson Mnangagwa was due to meet Chinese President Xi Jinping on Tuesday as he seeks economic support from a major partner that previously backed his ousted predecessor Robert Mugabe. Mnangagwa, who received military training in China when he was a young liberation fighter decades ago, will be greeted by Xi at the colossal Great Hall of the People for his first state visit to Beijing since taking power. Mnangagwa took office in November after a military takeover ended Mugabe’s 37-year reign, though he has also beenRead More
Beijing (AFP) President Xi Jinping greeted Zimbabwean counterpart Emmerson Mnangagwa as an “old friend” of China on Tuesday as the African leader visited Beijing, which previously backed his ousted predecessor Robert Mugabe. Mnangagwa, who received military training in China when he was a young liberation fighter in the 1960s, was met with a military honour guard at the Great Hall of the People on his first state visit outside of Africa. The two leaders oversaw the signing of six documents, including a letter on economic and development cooperation and anotherRead More
French transport giant Bollore said Tuesday it would seek compensation for work already carried out on a major rail infrastructure project after Benin asked it to withdraw "amicably" in favour of China.Read More
South African internet and entertainment group Naspers on Friday raised $9.8 billion (7.8 billion euros) selling two percent of its hugely-profitable stake in Chinese technology giant Tencent.Read More
Donald Trump may have ripped China over trade Thursday, but the US president pulled his punches to preserve a "friendship" with Xi Jinping that, while it has borne some fruit, may be more imagined than real.Read More
Johannesburg (AFP) South African internet and entertainment group Naspers on Friday raised $9.8 billion (7.8 billion euros) selling two percent of its hugely-profitable stake in Chinese technology giant Tencent. Naspers’ investment in Tencent has been “one of the greatest venture-capital investments ever”, according to Bloomberg News. It said the stake in Tencent that Naspers bought for $32 million in 2001 was valued at $175 billion on Thursday. Naspers, Tencent’s biggest investor, vowed to not sell any more shares for three years. “These funds will be utilised to reinforce Naspers’ balanceRead More