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China is planning a considerable expansion of its foreign aid programs with a particular focus on infrastructure projects in countries along the land and maritime Silk Road trading routes, government officials said on Monday. The country is planning to initiate a number of strategically important aid projects to help improve transportation, energy and telecommunications in those countries, according to the Ministry of Commerce, which is responsible for administrating the country's foreign aid programs. Projects involving construction and improvement of roads, railways, ports and airports are already being implemented in countries including Laos, Myanmar, Nepal and in Central Asia, Yu Zirong, deputy director-general of the foreign aid department at the ministry, told a news conference in Beijing. "China's growing future foreign aid program will be tilted toward neighboring countries and those in the Silk Road region," Yu said. The planned shift in direction for Chinese foreign aid is a direct result of President Xi Jinping's proposed national strategy to revive the centuries-old trading routes connecting Asia and Europe, experts said. The newly created 40 billion yuan ($6.5 billion) Silk Road fund and the Beijing-initiated Asian Infrastructure Investment Bank are expected to facilitate China's foreign aid programs in the future, they said. "Such a shift indicates that China will be more inclined to offer assistance to Asia and neighboring countries," said Wang Luo, a researcher at the Chinese Academy of International Trade and Economic Cooperation. "It does not mean that the percentage of China's foreign aid to Africa will drop. It just means that Asia and countries along the Silk Road will get a greater share as China grows its aid spending," she said. Africa has been the largest recipient of China's foreign aid with more than half of spending directed at the continent between 2010 and 2012, according to a policy paper issued in June. China spent 89.34 bill

Premier Li Keqiang pressed the 'enter' button on a computer on Sunday to finalize the first loan by WeBank, a new online bank and one of five privately funded banks given approval to open in China. During a visit to China's first Internet-based bank, Li said he placed high hopes on online competition in the banking sector to cut costs and force State-owned financial giants to change outdated business models. "Internet-based banking is a significant step in China's financial reform," Li said, stressing that the government will provide a good environment for the development of private and online banks. Contact Us If you have further queries, don't hesitate to contact us anytime, anywhere by simply visiting  website www.ono-bbb.net, or calling China hotline at 86-021-31397141, 86- 18930833905,86-0791-88167848,86-18970952901 or emailing to tangjie881216@163.com,

he West African Development Bank (BOAD) is set to receive a loan of 100 million euros ($125 million) from the China Development Bank, a source from the regional bank's headquarters in Lome said on Tuesday. he West African Development Bank (BOAD) is set to receive a loan of 100 million euros ($125 million) from the China Development Bank, a source from the regional bank's headquarters in Lome said on Tuesday.

The report is titled 'Cord Blood Banking Services Market: Opportunity Analysis and Future Assessment 2020-2028'. An overview of conceptual frameworks, analytical approaches of the cord blood banking services market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cord blood banking services market is expected to grow at a significant rate in the near future. The cord blood banking services market is expected to cross US$ 43.0 Bn by 2028, at a CAGR of 7.1% during the forecast period of 2020 to 2028.

Bank of China, a major Chinese state-owned bank, has been authorized to conduct renminbi clearing business in Kuala Lumpur, Malaysia, China's central bank said on Monday. Contact Us If you have further queries, don't hesitate to contact us anytime, anywhere by simply visiting  website www.ono-bbb.net, or calling China hotline at 86-021-31397141, 86- 18930833905,86-0791-88167848,86-18970952901 or emailing to tangjie881216@163.com,

The Hong Kong market surged after major central banks acted to help European banks struggling with the region's debt crisis. A drop in Chinese banks required reserves boosted stocks.

Investors are hoping China will implement an eagerly expected cut on banks' reserve requirement ratio to boost economic growth.

Hong Kong opened higher, but gains were capped at 21,000 by worries over a weak Chinese economy and stocks retreated to end slightly lower.

Before G8 and G20 summits in Toronto next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have reached Washington, Mumbai and Shanghai.

China and Hong Kong stocks slid lower as optimism cooled about a solution to Europe's debt crisis at the upcoming EU summit meeting. Very thin turnover reflected a lack of momentum.

China stocks are stuck in a narrow range for now, pulled up by prospects of credit easing in China and down by an unending flow of bad news about Europe's debt crisis.

The latest report published by Reports & Insights highlighted the development and the growth of the global Data Center market, which further includes the detailed information about the market potential and profound knowledge of the trends prevailing in the market. The global Data Center market is projected to rise steadily over the anticipated future as per the report estimates. The research study named "Data Center Market: Opportunity Analysis and Future Assessment 2022-2030", is aimed to provide a quantitative and qualitative outline of the conceptual structure and analytical approach of the market elaborated using attested research methodologies and proficient expertise. The global data center market was valued US$ 4.2 Bn at the end of 2020 and expected to reach at a value of US$ 6.0 Bn by 2028 with a significant CAGR of 4.5%. Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/6179 Data Center Introduction A data center basically can be understood as a consolidated vault, either virtual or physical, used mainly for the storage, administration and distribution of data and information organized around a particular body of knowledge or referring to a particular business. At its simplest, a data center is a tangible service that organizations can utilize to store their critical data and applications securely. The structure of the data center is based on a network of storage and computing resources that allow the delivery of shared data and applications. The major elements of a data center design consist of switches, routers, storage systems, firewalls, application-delivery, servers, and controllers. Noticeably, the large data centers are industrial scale operations using as much electricity as a small town. Although, modern data centers are way different than they were just a little while ago. The infrastructure of the data centers has transitioned from conventional on-site tangible servers to virtual networks that assists

China is likely to see the first case of a default by a local government financing vehicle this year, said Zhang Zhiwei, chief China economist with Deutsche Bank AG. "The sooner the default happens, the better it is for investors ... as it could improve the pricing of risky assets and help policymakers solve the high financing costs in the market," Zhang said during a news conference in Beijing on Monday. Contact Us If you have further queries, don't hesitate to contact us at anytime, anywhere by simply visiting our website www.ono-bbb.net, or calling Hong Kong hotline at 852-25283382 or China hotline at 86-755-82352600, or emailing to tannet-solution@hotmail.com

China stocks in Hng Kong fell sharply after the European Central Bank failed to expand its sovereign debt purchase plan, despite encouraging news of large drop in Chinese inflation.

Worry over the struggling Euro Zone economy and rising oil prices dragged Hong Kong down despite a modest gain on Mainland markets. Newly listed stocks performed poorly.

But for the rapid progress made by India and China, the pace of poverty reduction in developing countries would have been still slower after the global economic crisis, according to World Bank's lead economist.

Chinese and Hong Kong blue chips consolidated at the 19,000 level after Thursday's whopping gain, and turnover fell. Renewed optimism for a solution in Europe is driving bulls.