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Tag Archives: China

Two top China steelmakers announce merger to combat glut

Shanghai, China | AFP | Two of China’s top steelmakers announced plans Tuesday to merge,creating the world’s second-largest manufacturer of the commodity as markets struggle with a glut caused by Chinese overcapacity. The world’s second largest economy is trying to overhaul its lumbering state sector and especially its steel industry, …

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China exports down 2.8% in August on-year

Beijing, China | AFP |  China’s imports rose 1.5 percent year-on-year in August, figures showed Thursday, the first increase in nearly two years, in a positive sign for the world’s second-largest economy. Exports dropped 2.8 percent on-year to $190.6 billion, a smaller fall than the median forecast in a survey …

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VIDEO: Parliament to review Trade & Investment policy

VIDEO; The parliamentary committee on trade, tourism and industries is to review the trade and investment policies in an effort to regulate the kind of trade foreigners are involved in. The legislators were today overwhelmed by the increasing number of foreign traders’ especially Chinese nationals in retail trade in downtown …

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US, China climate move signals hopeful era

Paris, France | AFP | Climate activists and small nations at risk of global warming’s direst consequences, welcomed Saturday’s ratification by China and the United States of a global pact to curb planet-harming carbon emissions. The move by the world’s two largest greenhouse gas emitters brought the hard-fought agreement, concluded …

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Deal puts Microsoft apps on Lenovo smartphones

San Francisco, United States | AFP |  Microsoft apps such as Office and Skype will be installed on Lenovo mobile devices powered by Android software under the terms of a collaboration announced. The US technology giant and the Chinese computer titan said they were “deepening their strategic relationship” with a …

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The Chinese imports scourge

Govt, manufacturers tussle as cheap Chinese imports supplant local content at big infrastructure projects Abid Alam, the proprietor of Steel Rolling Mills, knows who is responsible for the predicament facing the manufacturing sector – the government, which has failed to enforce guidelines that contractors undertaking the ongoing big infrastructural projects …

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Standard Gauge Railway taking shape

Funding deal with Exim Bank to be signed in October, DR Congo also joins Standard Gauge Railway Roofings Ltd, a steel manufacturer based at Lubowa near Kampala, imports almost all its raw materials from abroad through Mombasa Port. To transport a tonne of raw materials by road for one kilometer, …

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