Economic developing countries news coverage

China to further synergize development with Africa: Xi tells Sierra Leone’s president Julius Maada Bio on 5-day visit to China

China’s President Xi Jinping has pledged increased support for Sierra Leone, aiming to boost economic ties and encourage Chinese firms to invest in the mineral-rich nation. From Corporate Africa  Chinese President Xi Jinping met his counterpart from Sierra Leone, Julius Maada Bio, in Beijing on Wednesday. Xi said “China will work to take the relationship […]
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Nigeria to merge, scrap, government agencies to trim costs

Nigeria’s government has approved a plan to merge, scrap, and relocate several agencies to streamline its bureaucracy and cut costs, the information minister said on yesterday.  Reuters news reported  that the move followed recommendations from a 2012 report from a government-appointed committee that suggested the elimination or merger of some 220 of more than 500 […]
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‘Long and tedious journey’: companies sour on China outlook

Some of the world’s top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about damage to firms exposed to the country and Beijing’s ability to revive the world’s second-biggest economy. From Reuters news  The downbeat comments from companies including Starbucks (SBUX.O), opens new tab, Pandora (PNDORA.CO), opens new tab and […]
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China’s Country Garden says over 30 projects have local government support

Cash-strapped developer Country Garden (2007.HK), opens new tab said on Saturday more than 30 of its projects had been listed by Chinese local governments as suitable for financing support, as authorities aim to inject liquidity into the crisis-hit sector. Reuters News said China’s largest private property developer said in a statement to Reuters that its projects […]
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China Evergrande ordered to liquidate in landmark moment for crisis-hit sector

According to Reuters reports, a Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), opens new tab, dealing a fresh blow to confidence in the country’s fragile property market as policymakers step up efforts to contain a deepening crisis. Justice Linda Chan decided to liquidate the world’s most indebted developer, with more than […]
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