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China Railway
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  • Project linking Helsinki and Tallinn has been plagued by controversy, but sponsor is undeterred, saying funding is ‘not Chinese, it’s international’
  • China’s ties with Russia have tarnished its image in Finland and Estonia, and EU is clamping down on Chinese investment in the bloc amid tensions
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The Tazara rail line connecting Zambian copper belt with port of Dar es Salaam will be updated through public-private partnership and compete with US- and EU-backed link between resource-rich areas and Angola’s Atlantic coast.

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Under ex-PM Najib Razak’s tenure, Malaysia saw billions of dollars of Chinese investments mainly via the Belt and Road Initiative, some of which were later axed.

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Court finds Sheng Guangzu, who retired in 2016 after overseeing the railway ministry’s transition to China Railway Corporation, guilty of taking bribes totalling 63.8 million yuan (US$8.9 million).

Russia’s invasion has limited shipment routes from China to Europe and raised interest in alternative and nascent routes – including across the choppy Caspian Sea. But relevant governments need to get on board.

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Developers are offering sweeteners such as delayed down payments, discounts and free parking spaces to home buyers in Shanghai in an attempt to spur demand in the face of slumping sales.

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Europe and the US announce plans aimed at securing mineral supplies from resource-rich Africa, to establish a supply chain with less of a ‘Chinese imprint’.

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As the trade war escalated, Washington increased pressure on Israel to limit or ban cooperation with China in research and technology, despite once cosy bilateral ties.

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Several Chinese state controlled enterprises have revealed their majority shareholders plan to increase stakes in some of the nation’s biggest companies while Baoshan Steel, the world’s biggest maker of the alloy, announced an aggressive buy-back amid efforts to stabilise the domestic equity markets

The 142km railway has been beset with delays and cost overruns – and some observers doubt its commercial benefits – but President Joko Widodo has championed the US$7.3 billion project.

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With debt repayments, loan interest and maintenance costs, the belt and road project is unlikely to be profitable ‘even after the next three presidents’.

Investments in railway-related fixed assets increased by 23.4 per cent in the first eight months of 2023, and Beijing hopes the infrastructure boom will help stabilise economic growth.

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The release of pent-up demand, with travellers and consumers opening their wallets for the long holiday, could help lift China’s economy out of the doldrums.

Provincial Communist Party chief Huang Kunming urges officials to ‘ensure that no family or individual is left behind’ and protect lives and property as tropical cyclone approaches Guangdong’s southern coast.