Month: April 2019
?which means the project will provide a large number of jobs to lo
cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d
rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”
The project will be beneficial to both China and Cambodia, Qian said.
“Many Chinese companies go overseas to expand their businesses. However, because of a la
ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo
re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”
Some Chinese companies have decided to join the investment in the ne
w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati
onal policy and direction such as Belt and Road Initiative while being profitable at the same time.
spectacular 41st minute free kick, but Borja Baston equalized four minutes later in a game in which both teams looked flat in their third game in seven days.
Leganes and Celta Vigo drew 0-0, which draws Celta a point closer to
survival and means they remain unbeaten since Iago Aspas returned to the side after injury.
In overseas ventures, insurance gives firms a sure footing
Overseas investment inevitably means risks and uncertainties for Chinese comp
anies, but many have started using insurance services to help control and reduce risks.
“Chinese companies face new situations while investing overseas, namely that global politi
cs and economics have become more complex,” said Wang Tingke, general manager of China Export and Cr
edit Insurance Corporation, or Sinosure, China’s State-funded policy-oriented insurance company.
“So while going abroad, Chinese companies need to i
ncrease their awareness of risks and set up comprehensive risk management systems.”
It’s so close, and yet it always seemed so far away. To get to the rur
al district just a few hundred meters away on the other side of the bay, locals used to have to ju
mp on a boat or drive about 160 kilometers－part of that journey on dusty, unsealed road.
Now anyone wanting to get from downtown Maputo
, capital of Mozambique, to Katembe, or vice versa, can do so with ease, and in a matter of min
utes, thanks to the longest twin-tower suspension bridge in Africa, that hangs over Maputo Bay.
“Mozambique had long planned to build a bridge linking the north and south of the bay, bu
t nothing came of them because of a lack of financing and technological difficulties,” said Wang Li
jun, vice-president of China Road and Bridge Corporation, which built the bridge.
project, 95 percent of it provided by China through preferential and b
uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i
nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli
on in business loans from Chinese banks, greatly reducing pressure on the project’s financing.
Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin
king Maputo city center and Katembe, and when it was finally opened in November he said it wou
ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa.
Wang said the bridge will give great economic stimulus to Katembe, long underdeveloped because of its poor tran
sport access. It also eases demographic pressures on Maputo, a city with a population of 1.7 million.
It is believed Wu remained in the country for the past three years.
Fuzhou police on March 3, 2016 offered a 50,000 yuan ($7,429.86) reward for
information that may lead to the arrest of Wu Xieyu, wi
th their statement saying Wu, 22 years old at the time, was a suspect in the
murder of his mother, Xie Tianqin.
her apartment in the faculty dormitory of a middle school in Fuzhou.
Xie was believed to have been murdered
by her son after they had a confrontation July 11, 2015, according to police sources.
Wu allegedly sealed off the room after the murder, wrapped the corps
e with layers of plastic cloth, and put activated carbon in between to absorb the smell.
He installed CCTV cameras in the room and connected them to his computer.
Wu also managed to borrow more than 1 million yuan in his mother’s name after her death.