Chinese company

Chinese firm turns panda poop into toilet paper

Beijing - Muslimchronicle

When life gave one Chinese company giant panda poop, it decided to make paper -- and profits. The Qianwei Fengsheng Paper Company in southwest Sichuan province has teamed up with the China Conservation and Research Center for the Giant Panda to recycle the animal's faeces and food debris into toilet paper, napkins and other household products, state media reported Wednesday. The goods,Read more

China's Hisense to sponsor 2018 football World Cup

Zurich - AFP

Consumer electronics giant Hisense has become an official sponsor of the 2018 World Cup, becoming the second Chinese company to join hands with FIFA as it looks for new sponsors after the scandals of the Sepp Blatter era. Hisense, a television and white goods manufacturer, follows Chinese conglomerate Wanda in becoming a sponsor of football's world governing body. Hisense advertisingRead more

In rare move, China in talks to sell corn to Japan

Beijing - Arab Today

China’s COFCO Corp. is in talks to sell a small cargo of corn to Japanese trading house Mitsubishi Corp, two sources said on Friday, a rare foreign sale of grain from the world’s No. 2 producer. The state-controlled Chinese company is in discussions to sell at least 15,000 tons of corn to Japan, one source briefed on the deal said.Read more

US moves to block Chinese purchase of German tech firm Aixtron

Washington - Arab Today

US President Barack Obama on Friday moved to block a Chinese company’s purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron’s US business in the deal. The US Treasury Department said a review by the Committee on Foreign Investment in the US (CFIUS) chaired by Obama found the risks posed by the deal, which could placeRead more

Electricity min. necessitates swiftly implementing plan

Cairo - MENA

Electricity Minsiter Mohamed Shaker reviewed with representative of State Grid Corporation of China Zhang Li and her accompanying delegation on steps accomplished in the plan of supporting the Egyptian grid for transferring electricity in accordance with the set timetables. Shaker necessitated achieving these steps quickly to add 14400 megawatts generated from electricity stations of Beni Suef, el Borolos and newRead more

Sri Lanka to sell 80% of southern Hambantota port to Chinese firm

Colombo - Arab Today

Sri Lanka will sell to a Chinese company 80 percent of a $1.5-billion port in its south, where China has also been offered an investment zone, in a bid to cut the country’s debt burden, Finance Minister Ravi Karunanayake said. The move follows an offer made by Prime Minister Ranil Wickremesinghe during a visit to China in April, to swapRead more

Fujitsu eyeing PC merger with China’s Lenovo

Tokyo - Arab Today

Shares in Japanese IT giant Fujitsu soared on news it is considering merging its struggling personal computer division with China’s Lenovo, the world’s biggest PC maker. A deal would mark the latest move by a Japanese firm to hive off struggling divisions to repair their finances, with Toshiba and Sony among a string of companies that have sold off assetsRead more

China and Sri Lanka in new deal over $1.4bn reclamation

Colombo - Arab Today

Sri Lanka has signed a new deal to replace a controversial agreement with a Chinese company building a new city within Colombo to remove its freehold rights over reclaimed land after India voiced concerns over the agreement. The Sri Lankan government said the Chinese investor would be granted new land on a 99-year lease instead of the freehold in theRead more