CHINA Tag

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
Gambian environmental activists on Thursday removed a pipe dumping waste from a Chinese animal feed factory directly into the sea after months of complaints that it was a health hazard.Read More
Kolwezi (DR Congo) (AFP) In global markets the price of cobalt, a mineral used in batteries for high-tech products from iPhones to Tesla electric cars, has nearly tripled to $81,500 a tonne in two years. But in the Democratic Republic of Congo, which produced two-thirds of the global supply of the coveted metal last year, artisanal diggers called “creuseurs” sell their best-quality ore for about $7,000 a tonne, blissfully unaware of how much the global price has rocketed. In Kolwezi, a mining town in southeastern DRC, Chinese entrepreneurs dominate theRead More
Beijing (AFP) The African Union’s chairman dismissed during a visit to Beijing on Thursday a French newspaper report alleging that China had spied on the continental body as “lies” intended to derail cooperation. The report published by Le Monde in January claimed technicians at the AU’s Chinese-built headquarters in the Ethiopian capital discovered last year that the contents of their computers had been regularly copied to servers in Shanghai since 2012, citing unnamed AU sources. “I don’t see it is in the interest of China to spy,” AU commission chairmanRead More
Chinese and Russian visitors boosted Middle Eastern tourism last year following a 2016 slump as Europeans gave the area a wide berth on security fears, according to the World Tourism Organization (WTO).Read More
Beijing (AFP) China’s complete ban on ivory trade went into effect Sunday, officials said, a major step forward in Beijing’s efforts to rein in what was once the world’s largest market for illegal ivory. “From today… the buying and selling of elephant ivory and goods by any market, shop or vendor is against the law!” the forestry ministry said on its official account on Chinese social media platform Weibo. “From now on, if a merchant tells you ‘this is a state-approved ivory dealer’… he is duping you and knowingly violatingRead More
Four Malians and a Togolese working for a Chinese telecoms firm were kidnapped and murdered while laying fibre-optic cables in central Mali, multiple sources told AFP on Sunday.Read More