China’s foreign trade in yuan-denominated terms grew 19.2 percent year on year in July, data from the General Administration of Customs showed on Friday. The total value of goods imports and exports reached 4.66 trillion yuan (about 686.26 billion U.S. dollars) last month, remaining above 4 trillion yuan forContinue Reading
China’s transition from rapid scale expansion to high-quality economic development, driven by the cultivation of new quality productive forces, is injecting new momentum into Sino-Russian cooperation and global economic stability, experts from both countries said. The driving forces behind China’s economic growth are undergoing profound changes, with high-quality developmentContinue Reading
Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark memorandum of understanding (MOU) valued over $800 million for the expansion of the Dangote Cement Plant in Itori, Ogun State, increasing its production capacity to 12 million metric tons per annum. In a press statement byContinue Reading
CGTN First-half (H1) economic data from 31 Chinese provincial-level regions offer a closer look at how the world’s second-largest economy is navigating 2026. The picture is broadly resilient. All 31 regions recorded positive GDP growth, with most expanding by over 4.5%. While traditional economic powerhouses continued to anchor nationalContinue Reading
The total import and export value of Yiwu City, known as the “world’s supermarket” in east China’s Zhejiang Province, reached 486.42 billion yuan (about 71.64 billion U.S. dollars) in the first half of 2026, up 19.9 percent year on year, according to customs statistics. Its exports hit a recordContinue Reading
China-Europe freight trains have made more than 130,000 trips and transported goods with a total value exceeding 520 billion U.S. dollars, latest official data showed Tuesday. By June 2026, the loaded container ratio of the China-Europe freight trains had remained at 100 percent for 46 consecutive months. In termsContinue Reading
In major ports along China’s southeast coast, Chinese-made electric vehicles roll nonstop onto car-carrier ships bound for every corner of the globe. But for China’s new energy vehicle (NEV) industry, loading containers is no longer the endgame — it is merely the first step. Now the world’s largest NEVContinue Reading
–– says expenditure controls prevented PEAC/PFIPC funds from becoming public spending By Our Correspondent The Budget Office of the Federation has declared that the said ₦1.3 billion appropriated by the National Assembly for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC) never became public expenditure, asContinue Reading
International benchmark Brent crude rose to the highest level in two months, reaching 100 U.S. dollars per barrel on Thursday morning after two Saudi oil tankers were hit in the Red Sea. Brent crude for September delivery climbed to 100.28 dollars per barrel on the London ICE Futures Exchange, upContinue Reading
Former President Goodluck Jonathan has said Nigeria’s oil and gas local content reforms were inspired by China’s success in developing indigenous capacity in its petroleum industry. According to a statement, Jonathan said this on Monday at the Nigerian Content Tower in Yenagoa during the SweetCrude Dialogue 2026, where he reflectedContinue Reading
