"East or west, Guilin scenery is best." Virtually all Chinese people know the old saying that has been passed down for the last 800 years.
South Africa, its government, people and businesses are extending a very warm welcome to leaders and delegations of the BRICS economies as they gather in Durban for their 5th annual summit on March 25-27 to discuss "BRICS and Africa-Partnerships for integration and industrialization."
During 2012, the South African government adopted the National Infrastructure Plan as part of the government's continued efforts to transform the economy by laying the foundation for growth, skills development and job creation.
South Africa's state-owned companies are playing a core role in the new growth plan. The Department of Public Enterprises, which supervises these companies, is working hard to create an efficient, competitive and responsive economic infrastructure network in line with its service delivery agreement signed in October 2010.
South Africa's far-reaching growth and development plans are being rolled out across all nine provinces with the regional governments fully on board.
Backed by a sound regulatory and legal framework, South Africa's sophisticated financial services sector features dozens of domestic and foreign institutions providing a full range of services.
A reliable energy supply is key for an emerging economy like South Africa and there are a number of companies and organizations ensuring businesses, homes, industries, and public buildings are therefore being given the power to thrive.
German automaker Volkswagen Group last week announced its biggest recall ever in China to fix problems on its much-touted direct shift gearbox (DSG).
The new use of mobile apps for calling taxis in some big Chinese cities could help cabdrivers increase their income while providing greater convenience to passengers.
Due to the weeklong Chinese New Year holiday in February, wholesale light vehicle sales in the Chinese market declined 8.4 percent from the previous year to 1.39 million units, an expected payback for the exaggerated year-on-year sales growth of 45.5 percent in January.
As neighbors and leading members of BRICS, China and Russia have a relationship that is unlike any other in the world.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
