SHANGHAI: Economic growth in Africa is expected to reach 6 percent this year, a change from last year's 5.5 percent that is credited to macroeconomic stability, a favorable global environment and good weather, according to a report released yesterday.
SHANGHAI: A top official with China's central bank yesterday said China and Africa should work closely to use development funds to improve less-developed areas.
The African Development Bank Group's (AfDB) gathering in Shanghai this week will help consolidate China's relationship with Africa, a senior official with China's central bank said.
SHANGHAI: As the African Development Bank Group prepares to convene in Shanghai this week, a top bank official said China should invest more in Africa.
SHANGHAI: The 12th International Automobile & Manufacturing Technology Exhibition is receiving a warm response, especially from the new rich and the hopeful.
Globalization of the automotive industry has driven several trends. Aside from the most obvious of high volume vehicle nameplates sold in virtually every country (Honda Civics or the BMW 5 Series) and the emergence of new manufacturers (Chery or Tata), another less obvious effect is the rise of new auto shows on the annual circuit. The auto industry has changed forever and will continue to do so.
Five months after Beijing's auto gala, the world's top carmakers are back for the 12th Shanghai International Automobile Manufacturing & Technology Exhibition, or Auto Shanghai 2007, which opens to the public on Sunday.
A price war has broken out in China's fast-growing passenger car market ahead of the Shanghai auto show, which opens on Sunday.
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Raymond Zhou
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Chen Weihua
