Chinese President Xi Jinping said the nation’s military budget would not be able to maintain a “normal growth” rate because of the economic downturn and called on the army to be prudent in its spending.
Since China put forward the proposal in 2013 that the Asian Infrastructrure Investment Bank be established, there have been speculation that AIIB will menace the existing roles of the Asian Development Bank and other international financial institutions. A prudent and cooperative approach, however, has proved to be an effective way for AIIB to achieve a solid footing on the regional and international arena.Multilateral banks can benefit by following trend of working with development partners
For some, investing through sites such as Kickstarter is entertainment, for others it is like betting on penny stocks. Either way, thousands continue to back schemes, some of which are little more than pie in the sky
Investments has always been the pillar of the Chinese economy despite efforts to re-balance towards more consumption.
Fan Changlong, vice chairman of the Central Military Commission, inspected Nansha Islands in the South China Sea in recent days, the Ministry of Defense said Friday.
Britain's Medical Research Council said Monday that funding worth 4.6 million U.S. dollars for 26 high-quality research projects has been fast-tracked to speed up the fight to tackle the global threat posed by the Zika virus.
Authorities in Tanzania are seeking 10 billion U.S. dollars from various Indian financiers to meet its development goals, including the putting up of infrastructures, said a report released on Monday.
Both houses of Myanmar's parliament have formed more committees respectively to carry out parliamentary undertakings, an official report said on Friday.
Public prosecutors and the Fair Trade Commission started searching the head offices of more than 10 road paving companies and related locations on Wednesday in connection with their alleged bid-rigging on projects to repair expressways damaged by the Great East Japan Earthquake.
The Australian government has put a call out for wealthy Australian companies to "sponsor" the Great Barrier Reef, as part of a new plan to boost the world-class attraction's health.
To boost infrastructure development, governments must provide far more detailed project plans and better regulatory frameworks to attract private investors, experts said here on Thursday.
China is likely to restart its nuclear power program in inland areas in the next five years to meet power demands, according to several sources.
A Chinese firm has signed a deal worth 1.487 billion U.S. dollars with Nigeria-based cement giant Dangote Group to build cement plants in several African countries.
Japan is extending about 13-billion- peso (277.80 million U.S. dollars) worth of loan to the Philippines for two infrastructure projects.
Rio de Janeiro mayor Eduardo Paes said Monday that private-sector investment in the city's Olympic infrastructure projects will ensure the Games are delivered on time and within budget.
China-Pakistan Economic Corridor gains momentum in Pakistan by Chen Peng
NASA launches Wallops Rocket with technology experiments
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