China Wuhan Steel H1 Profit Up 90.4 PctChina’s No.3 steel mill, Wuhan Iron and Steel Company Ltd (600005.SS), posted a 90.43 percent rise in first-half net profit over a year earlier, due to strong domestic demand and higher steel prices, Xinhua reported on Sunday.
Wuhan Steel’s net profit was 963.53 million yuan ($142 million) for the first half of 2010, as its steel [...]
Two China New Energy Firms Eye $2 Billion in HK IPOsChina Huaneng Group Corp and Datang Corp, the country’s top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday, reported Reuters.
The deals are unfolding as China aggressively develops its renewable energy sector and the [...]
AU Says must Replace Western Partners with ChinaThe African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank, reported Friday’s Reuters.
Maxwell Mkwezalamba, the AU’s economic chief, said Africa must end its reliance on Western money.
« We need to diversify our partners [...]
Container Carrier
Container carriers are a kind of heavy duty flatbed truck which is commonly used to transport bulk objects. The flatbeds of container carriers vary from those measuring 20 feet in length to about 40 feet in length. Because of the load, it is equipped with a motor to allow ease in conveying the containers from the freight yard to the flatbed of the container carrier and then from there to the warehouse.
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