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The railway system is in better condition than when it was first built, according to peer-reviewed paper.
InvestHK head of business and professional services Herman Tse Yu-man says more foreign investments are expected in the coming year.
Race for minerals vital for renewable energy drives rise in Chinese investments and construction deals in Africa.
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.
Sinohydro Corp and China Railway Group will increase input from US$3 billion to US$7 billion as part of the Sicomines joint venture.
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.
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).
A quake in Qinghai province and a damaged rail tunnel forced Chinese engineers and scientists to rethink how best to build high-speed railway lines.
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.
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.
China set to upgrade vital African railway as the US and EU race for control of mineral trade routes.
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’.
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.
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
Li Xi, head of the CCDI, says five government departments and 26 state-owned enterprises are in the cross hairs.
Number of trips taken by car, train, plane or boat all saw heavy increases compared with last year.
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.
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.
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.
China’s much-lauded high-speed train system has been accused of singling out women in a public service video about “uncivilised behaviour”.
Indonesia plans to give China the project to extend the Jakarta-Bandung high-speed railway line to Surabaya.
China Railway said it had recorded a record single day’s sales, with 22.9 million tickets being bought in one day.
The route linking Jakarta to Bandung is offering free rides before it starts regular operations next month.
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.
Weather bureau issues red alert, with typhoon expected to make landfall between Huilai in Guangdong and Hong Kong on Friday.