Chinese companies have expressed interest in dualizing the trunk road linking Zimbabwe and its northern neighbor Zambia, as well in rehabilitating a stretch of the railway line along the same route, a senior government official said on Monday.
Deputy Minister of Transport, Communication and Infrastructure Development Tichaona Mudzingwa told Xinhua in an interview on Monday that the railway project could also stretch to Zambia.
"The Chinese have expressed interest in constructing the trunk road that is Harare-Chinhoyi-Chirundu. They have also expressed interest in the railway from Harare to Chinhoyi and if possible over the Zambezi to Zambia," the deputy minister said.
Read more: China interested in upgrading Zimbabwe's transport network
Japan's 225-issue Nikkei Stock Average crept up 0.2 percent Monday amid concerns about negative U.S. employment data and domestic trends towards share-issuance to raise capital to offset debt. The benchmark Nikkei gained 19.64 points to 9,808.99.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended in negative territory, shedding 0.4 percent to 870.67.
The U.S. Bureau of Labor reported that the unemployment rate rose to 10.2 percent in October and non-farm payroll employment continued to decline to -190,000, 91,000 less than previously reported. The largest job losses over the month were in construction, manufacturing and the retail trade.
Hong Kong recorded sharp falls in the value of its domestics exports in the third quarter, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government said Friday.
The apparel industry suffered the most, with the value of exports falling 84.7 percent year on year to 1.1 billion HK dollars (141 million U.S. dollars).
China's Ministry of Commerce (MOC) said Friday it had launched anti-dumping, anti-subsidy investigations into U.S.-made off-road vehicles and sedans with engine displacements of 2.0 liters and above.
The decision was made after the China Association of Automobile Manufacturers (CAAM) filed an application for the investigations, the MOC said in a statement posted on its website.
CAAM, representing Chinese car-makers, said U.S. car makers had unfairly benefited from 31 government subsidy programs. The MOC decided to investigate into 24 of them.
Read more: China to launch anti-dumping, anti-subsidy probe into U.S. autos
China suffered heavily from trade protectionism which has been rising after the outbreak of the global financial crisis, a Ministry of Commerce official said here Saturday.
MOC spokesman Yao Jian said that some countries and regions resorted to expanding exports to boost economic recovery after efforts to stimulate domestic demand failed, and even depreciated domestic currency and increased subsidies to raise competitiveness of domestics exports.
"Such moves lead to the rising trade protectionism," Yao told a forum on international trade development held in this northern port city neighboring Beijing.
Yao said 19 economies launched 88 probes into Chinese products in the first 9 months, involving 10.2 billion U.S. dollars of export goods. The two figures were 29 percent and 125 percent respectively higher than the same period last year.
Read more: China suffers from rising trade protectionism, revenge plan is coming
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