Tag: Chinese

Premier League giants Liverpool are the target of an 800 million pounds ($1 billion, 924 million euros) takeover bid backed by the Chinese government,...

The Punjab government has decided to induct 5,000 security personnel for the security of foreigners and Chinese working on different mega projects including the...

    An 11-member delegation of Chinese entrepreneurs led by Shadong Jinan Bulinte Railway Company Chairman Zheng Gouliang visited the Islamabad Chamber of Commerce and Industry...

    Deeply concerned over the $46 billion Chinese investment in different sectors in Pakistan, India on Wednesday promised a conducive environment for Chinese investors and...

President Xi says CPEC will lay solid foundation for building China-Pakistan community of shared destiny Chinese top leadership sent separate messages of warm greetings to...

Nico Rosberg continued his rampant start to the Formula One season when he completed a hat-trick of wins at Sunday’s Chinese Grand Prix. The Mercedes...

  A consortium, led by China's Three Gorges Corp, the world's largest hydropower producer, plans to invest in Pakistan, building both state-owned and private hydropower stations. " We want to take an active part in the expected auction of the state-owned hydropower stations in the brotherly country," said Wang Shaofeng, executive vice-president of China Three Gorges International Corporation, the Beijing-based unit of CTG. There are several large hydropower projects in Pakistan with a total installed capacity of about 3,000 MW, Wang said in an interview with China Daily. "These could be our top choices for acquisition, but we will also consider acquiring small and newly built private hydropower projects," said the senior executive, who has previously worked in Pakistan for more than a decade. The projects that the group has in Pakistan are worth $9 billion. It has signed an agreement with Pakistan for a series of projects that can increase the figure to $50 billion. The Chinese company chose Pakistan as the first stop of its overseas investment due to close ties between China and Pakistan, a country that faces great challenges in meeting its energy demand. Wang said the 1,100-MW Kohala hydropower station, the group's biggest project in Pakistan at the moment, is expected to start construction this year and will be completed in six years. The Chinese company also plans to set up a facility jointly with Dongfang Electric Corporation in Pakistan to support the local market as well as other neighbouring countries. The company is also preparing to bid for a contract to build and operate an 8,000-MW power station in Brazil. When bidding opens for the hydropower dam on the Tapajos River, the Chinese consortium will be a strong contender. Wang said his group's participation in the project would involve capital investment. The Tapajos dam will become one of the world's 10 largest hydropower projects after completion, he said. The builder of the world's largest dam has also set up a Hong Kong-based company named Hydro Global Investment Ltd with the Portuguese power company EDP - Energias de Portugal - as a platform to explore business opportunities of small and medium-sized hydropower projects in the region. "When we are doing global projects, we are looking at the long-term development and investment, so we are very careful in selecting the projects and conducting them," Wang said. The executive said the biggest challenge the company faces right now is to deal with the exchange rate fluctuations to prevent risk and increase profit in overseas countries. China itself has embarked on an ambitious plan of dam building to combat air pollution. The Three Gorges Power Plant, the world's largest hydropower project, has generated more than 800 billion kilowatt-hours of electricity since its first turbine was connected to the grid in 2003. The world's largest energy consumer possesses more than half the large-scale hydroelectric plants on earth - that is more than all the plants in Brazil, the United States and Canada combined.

President Xi Jinping warned against "Taiwan independence," saying that national secession should not be repeated. "We will resolutely contain 'Taiwan independence' secessionist activities in any form," said...

  While there may be many reservations on the China Pakistan Economic Corridor (CPEC) in the political circles in Pakistan, the Chinese side remains committed...

  A 100-member delegation of Chinese businessmen, private-sector entrepreneurs and investors, will visit Pakistan next month to explore business and investment opportunities. The delegation’s visit from...

XI pledges to promote CPEC, stronger cooperation in all areas President Xi Jinping met President Mamnoon Hussain Wednesday in the river town of Wuzhen in...

Chinese security forces in the restive far western region of Xinjiang have killed 17 people, including women and children, accused of involvement in an...

Chinese citizens greeted the announcement of a “two-child” policy warily as high costs, career aspirations and rising urbanisation in an increasingly wealthy society mute...

A Chinese internet company has developed a robot journalist, who has written its first news story. The company, Tencent, claims that the robot named...

Chinese and Italian transplant specialists are planning to conduct the world’s first human head transplant surgery on a Russian computer scientist that they claim would change the course of human history by curing incurable medical conditions.

Underperforming Chinese officials will face demotion or lose their jobs under new rules announced by the country's elite Politburo, state media said on Saturday. Officials...

Buyers of abducted children in China will face criminal punishment under proposed laws that would remove an exemption from prosecution, reports said Thursday, as...