Officials said the growing figure is an inevitable outcome of China's economic growth in a new development stage, as the country's outbound direct investment has been spread evenly across many industrial sectors, particularly those related to the real economy-such as goods manufacturing, infrastructure projects and service business.
Okwere said the company has positioned itself to take advantage of the African Continental Free Trade Agreement, aimed at accelerating intra-African trade and boosting Africa's trading position in the global market.
Of the 12 projects, five were related to energy, according to Meng, who pointed to one project on the east route of the of China-Russia natural gas pipeline as an example.
Of the two joint ventures, one will be registered with a capital of 100 million yuan (.74 million), the other of 1 billion yuan.
Ojiambo said that Chinese firms are increasingly attracted to Africa due to the numerous business opportunities present in the continent.
Oil prices rose on Tuesday as investors' sentiment was lifted by the latest progress in US-China trade talks.
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Of them, Guangzhou Shipyard International will be responsible for construction of eight tankers with an investment of 3 billion yuan, while Shanghai Waigaoqiao Shipbuilding Co Ltd builds another four tankers.
Offset by 100 billion yuan of maturing reverse repos, the net injection on Tuesday stood at 100 billion yuan.
Oh my, job interviewers will sometimes say the darndest things. And thanks to Glassdoor now we know what might be on top of their list next time you roll into the offices of Google, Amazon or Microsoft.
On Aug 30, the MTR obtained an extension of injuction from Hong Kong's High Court seeking to bar entities from impeding operations at stations and movement of trains. With the injuction in force, violations may invite imprisonment or a fine.