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Asia’s Reluctant Partners

Huawei

China’s telecoms equipment giant Huawei this month announced it is increasing the share of Japanese parts in its smartphones from 50 to 70 per cent to boost its competitiveness against Samsung and Apple. [Read more…]

Jet Asia Appoints CITS

Jet Asia

Jet Asia

Jet Asia announces its appointment of CITS Air Service Co., Ltd. as its General Sales Agent in China effective immediately. CITS Air Service, a subsidiary of China International Travel Service Co., Ltd, China’s largest integrated travel network, will take responsibility of local commercial activities including sales, marketing and reservations. [Read more…]

Dti encourages China

Pretoria – Trade and Industry Director General Lionel October on Thursday encouraged Chinese companies to invest in South Africa. China has invested significantly in Africa with Chinese manufacturer First Automobile Works investing $ 100 million to build a vehicle and truck assembly plant in Coega, South Africa. The project to date has produced 1000 jobs. Relations […]

Dti encourages China is a post from: South Africa Business

South Africa Business» News
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China GDP Slows

China Economy slows

China Economy slows

China is slowing. Now the second-largest economy, the East Asian giant has to ease its pace to keep from stumbling in its quest for prosperity. The National Bureau for Statistics released numbers today showing annual GDP growth in Q1 2012 of 8.1%, a continuation of the two-year slowing trend that follows the post-crisis rebound. [Read more…]

China, SA strengthen ties

Pretoria – Deputy President Kgalema Motlanthe concluded his Chinese visit with a commitment to take cooperation between the two countries to a higher level. The two governments agreed to facilitate investment by both public and private sectors from their respective countries in the areas of infrastructure development, mining, energy, transport and information and communications technology. […]

China, SA strengthen ties is a post from: South Africa Business

South Africa Business» News
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Reliance On Construction Raises Risk

China Economy

China Economy

The National Bureau of Statistics of China released a 9.5% annual growth estimate for second quarter gross domestic product (GDP) today, meeting market expectations. This is only a mild slowdown from the 9.7% recorded in Q1, which indicates that further monetary tightening will be necessary to slow output growth to a level consistent with greater price stability. [Read more…]

Tight security ahead of Brics summit

Tight security ahead of Brics summit

 Sanya, China – Hours ahead of President Jacob Zuma’s arrival in China for Thursday’s Brics summit, Chinese officials have set up a massive security cordon around nearby Yalong Bay, where the various Heads of State are to stay.

Zuma is expected to arrive in Sanya early tomorrow morning where he is to hold bilateral meetings with Russian President Dmitry Medvedev in the afternoon. In the early evening, he is expected to hold talks with Chinese President Hu Jintao. [Read more…]