As lockdown restrictions in China ease and citizens return to work, ground has been broken in Guangzhou for what will be the world’s largest football stadium. Construction of the stadium began on April 16, and is scheduled for completion in 2022. The design, which imitates a lotus leaf, is a hat tip to the city…
Alibaba, China’s e-commerce giant, has announced a US$28.2 billion investment into its cloud computing infrastructure over the next three years. The sizeable investment positions Alibaba to challenge western counterparts, Microsoft and Amazon. The investment will address operating systems, microchips and other semiconductors as well as add to its network of data centres that cater to…
China has changed its reputation from global factory to the centre of technology innovation Government initiatives such as “Made in China” encourages innovation China is already far ahead of the rest of the globe in sectors such as e-commerce, financial technology and transport, says Johnny Hon, Chinese angel investor and chairman of Global Group. Chinese…
Chinese firm opens US$45m plastic waste recycling plant in Kenya Weeco Recycling Company plans to set up another one in Mombasa Weeco Recycling Company, originally from China, opened the recycling plant in Athi River town in Eastern Kenya. The plant has the capacity to process 2 000 tons of PET bottles every month, which equates…
The 21stcentury is said to belong to China, but the 22ndcentury could be Africa’s The rising of the African Century could be due to rapid Chinese investment coupled with homegrown innovation Since 2000 China has invested or committed to invest in excess of $359 billion in Africa, according to the China Investment Global Tracker. This…
China owns and operates 99% of the 385 000 electric buses in the world. 9 500 cutting-edge electric buses are added to China’s fleet about every five weeks. Shenzhen has electrified all 16 359 of its public busses, the first city globally to do so. China is increasing its electric bus fleet every five weeks by the…
A ‘solar-super highway’ between Hangzhou and Ningbo is expected to be open to the public in 2022 This new highway is paved with solar panels, mapping sensors and battery chargers to power cars as they drive As an intelligent transport system, the solar-super highway fits into three of the priority sectors in the “Made in…
China is considering to postpone its “Made in China 2025” technology plan that aims to develop local expertise and skills and reduce the nation’s reliance on foreign technology. According to sources that spoke to Bloomberg, the country is revising its plans to become an advanced manufacturing leader within a decade until 2035. Initiated in 2015,…
China’s One Belt One Road initiative is an ambitious infrastructure plan across 68 countries in Central Asia and Russia. Global Finance has devoted a supplement to exploring the financial impact of the massive project, including its effect on China’s currency, the renminbi. China has pledged over $100 billion to the initiative, but it also involves a…
