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 [...]
Powder Transport Truck
A powder transport truck is a specially designed heavy duty truck whose sole purpose is to transport various kinds of powder, usually gunpowder, which are stored in boxes, kegs and drums. The entire truck and its bed have been especially designed in order to ensure that the powder within the containers would not be subject to heat which can make these contents rather dangerous.
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