Foreign trade to receive further tech, policy backing

China’s efforts to build modern industries and expand institutional opening-up will create new advantages in international cooperation and competition, especially given the challenges of slowing global demand, geoeconomic shocks and soaring global commodity and energy prices, said government officials and business leaders. They said these efforts will not only enhance China’s overall economic prowess, but…

China-backed project set to power Uganda

Commissioning of dam paves way for ensuring steady energy supply to locals The successful commissioning of the dam, a part of Uganda’s biggest hydroelectric project, has paved the way for ensuring a steady supply of power to millions of people across the country. The 600-megawatt Karuma Dam, a part of the Karuma Hydroelectric Power Station,…

Belt and Road promoting common development

A freight train departs for Moscow, Russia from Beijing's Mafang Station in suburban Pinggu district, becoming the latest cargo service linking China with Europe via railway. [Photo by Zou Hong/China Daily] Economic cooperation has been an admirable priority focus of a dynamic, pragmatic and outward-looking China over the past 10 years, despite the world’s stormy…