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Delegation of Sol Plaatje City officials visited XiangTan City

Delegation of Sol Plaatje City officials visited XiangTan City. The delegaion was led by Sol Plaatje  City Mayor Madam Agnes Ntlhangula. Sol Plaatje is a city in Northern Cape in South Africa.  

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China Grants $1.1bn Loan to Oil-Rich Nigeria

Nigerian President Goodluck Jonathan (R) gestures to introduce ministers in his cabinet as Chinese President Xi Jinping (L) watches.

China has strengthened its oil trading relationship with Nigeria after it struck a deal to provide a $1.1bn low-interest loan to the African nation for infrastructure development.

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Xi pledges continued support for Africa

Chinese leader Xi Jinping met with Nkosazana Dlamini-Zuma, 

chairperson of the African Union (AU) Commission, in Beijing, Feb 17, 2013. [Photo/Xinhua]

 

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Chinese state councilor applauds China-Africa relations

BEIJING - Chinese State Councilor Dai Bingguo applauded China-Africa relations on Saturday, while also vowing to back the African Union's (AU) role in African affairs.

"China highly values its ties with the AU and will continue to support the significant role played by the AU in African affairs," Dai said in his meeting with visiting AU Commission Chairperson Nkosazana Dlamini-Zuma.

He also pledged that China will actively work to facilitate the process of African integration and development.

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"China, A Genuine Friend Of Nigeria" – Atiku

Nigeria's former vice president, Alhaji Abubakar Atiku, has called on African countries - and Nigeria in particular - to get more involved with China in the areas of economic and political participations, saying that China has indeed become an indisputable friend.

Atiku made this statement yesterday in Abuja at the formal presentation of a book titled "China -Africa: Issues, Challenges and Possibilities" written by a journalist, Mr. Charles Onunaiju.

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African leaders vow to improve trade ties with China

ADDIS ABABA, July 17 (Xinhua) -- African leaders have pledged to strengthen economic ties and cooperation with China and attract more Chinese investments in infrastructure and transportation.

Kadre Ouedraogo, head of the Economic Community of West African States (ECOWAS), told Xinhua on Monday that African leaders were eager to open new offices in China as African economies continue benefitting from China's growth.

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Foreign E-Commerce Grows Sharply

According to “China E-Commerce Development Report issued by the Ministry of Commerce in 2010-2011,the transaction of China’s foreign E-commerce in 2011 is reached a growing rate of 40.6%, showing a positive trend. It shows that, more and more SMEs in China with a pioneer spirit are now developing export business with E-commerce mode, in order to reach positive growth despite overall unfavorable foreign trade environment.

source:www.ifeng.com

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Coca Cola Increase Investment in China

CEO of Coca-Cola Co. Muhtar Kent said that, Coca-Coola is now increasing its investment in China, and expects to occupy the leading position in the beverage market of China. In order to expand business in all over China, Coca-Cola made a three-year investment plan of 2 billion U.S. Dollars. The company recently plans to further increase investment.

source:Daily Economics

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Foreign Companies Compete for Agricultural Market in China

With many food safety incidents coming to light recently, consumers pay special attention to foods. Spotted this opportunity, multinational pharmaceutical giant Bayer started increasing its agricultural business in China recently. Prior to this, there have been a number of foreign-funded enterprises in China hoping to grab the agricultural market.

 

source:Beijing Business News

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China still a top market for US firms

American manufacturers still value the Chinese market, even after the US government's calls for a manufacturing renaissance on US soil, Zhang Xiangchen, director of the Ministry of Commerce's policy research office, said Sunday.

In recent years, the US government has been trying to encourage American manufacturing firms operating overseas to return to their home country as a way to accelerate the development of production centers locally.

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