FG promises to utilise loans from China for projects
The Federal Government has reiterated its commitment to use monies borrowed from the Chinese government for the development of Nigeria. The Finance Minister, Zainab Ahmed, who stated this while debunking claim that money borrowed from the Chinese have not been well utilised, said: “Maybe in the past, some borrowings have been made and not utilised…
'Say no to China': Anger mounts in Zambia over Beijing's presence
"China equals Hitler" said the sign held up in the Zambian capital Lusaka by a protester opposed to Beijing's tightening grip on the economy of the southern African nation.
Pakistan invites Saudi to invest in China economic corridor
Islamabad has invited Saudi Arabia to invest in the Beijing-funded, multi-billion dollar infrastructure corridor being constructed in Pakistan, its information minister said Thursday, as concerns grow over the country's debt levels. The China-Pakistan Economic Corridor (CPEC) is an ambitious plan to build energy and transport links connecting the western Chinese region of Xinjiang with the…
China denies meddling in US midterm elections
China on Wednesday denied US President Donald Trump's claims that it was meddling in the US midterm elections by taking aim at his political base in their escalating trade war.
Trump accuses China of trying to 'impact' US election with trade war
President Donald Trump on Tuesday accused China of seeking to influence upcoming US elections by taking aim at his political support base in the countries' escalating trade war.
Trump hits China with tariffs on another $200 bn in goods
US President Donald Trump on Monday defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion in imports and threatening to target even more if Beijing retaliates.
Dozens buried in Philippine landslide as China counts cost of Typhoon Mangkhut
Philippine rescuers on Monday searched desperately for dozens feared buried under a landslide unleashed by Typhoon Mangkhut, which also left a trail of destruction in Hong Kong and saw millions evacuated in southern China.
DMO explains borrowing from China, says no reason to panic
The Debt Management Office (DMO) has explained Federal Government’s borrowing from China amid various comments in recent times about borrowings by developing countries from the country. A statement by the Director-General of DMO, Patience Oniha, said the comments seemed to have become heightened following the recent summit of the forum on China-Africa Co-operation and claims…
China explores Nigeria’s silk industry to deepen $7.2b trade ties
Chinese investors have expressed interests in Nigeria’s silk industry in a bid to deepen its $7.2b trade ties between the two countries. Speaking at China Homelife exhibition in Lagos recently, China’s Commercial Consular, Gao Hongliang, noted that his country’s interest in Nigeria hinges on the population and potential for growth. He said: “In recent years,…