Contents tagged with China

  • Russia and China blocked UN Security Council resolution on the ceasefire in Aleppo

    The UN Security Council, on Monday, December 5th, failed to adopt the resolution calling for a ceasefire in Aleppo, a city that is besieged by Syrian Army forces. The document was vetoed by China and Russia. According to Moscow, the West is using humanitarian issues as a pretext for promoting a political plan that will lead to a change of government in Damascus, Deutsche Welle reported.

    The text of the resolution was proposed by Egypt, Spain, and New Zealand. They put forward the requirements …

  • Chinese commodity exchange acquires Ukrainian Bank for Reconstruction and Development

    The Ukrainian Bank for Reconstruction and Development (UBRD) was sold in an auction to Bohai Commodity Exchange, the largest commodity exchange in China. The bidding took place on Wednesday, November 30, in the State Property Fund of Ukraine (SPFU). The Chinese exchange was the only bidder, and the state-owned holding of 99.9945 percent of UBRD’s shares was sold at the starting price of UAH 82.827 million (EUR 3.038 million), the SPFU reported.

    The key requirement for the investor that bought …

  • Chinese companies to build solar power stations in Chernobyl

    Thirty years after the Chernobyl accident, two Chinese investment companies plan to build solar power stations (SPS) in the 10-km exclusion zone around the Chernobyl reactor. The construction is expected to start in 2017, as was reported on Monday, November 21 by Reuters. GCL System Integration Technology, a subsidiary of the GCL Group, said it would cooperate with China National Complete Engineering Corp. The planned location of future solar power stations was repeatedly checked by technical …

  • China invested $1 billion in the Ukrainian energy sector

    Chinese Company CNBM has completed registration of the ownership of the 10 largest solar power plants in Ukraine, with total capacity of 267 MW, as stated by the general director of Chinese CNBM New Energy Engineering Co., Ltd Yongzhi Chen, in an interview with Interfax-Ukraine.

    Commenting on the recent news of the purchase of one of the companies, Solar Neptune, he said that it was the last registration of 10 solar power plants, sold for debts, while the rights to the other nine stations had …

  • Russia to build nuclear power plants in China

    Russia’s Rosatom State Atomic Energy Corporation announced that they will build new nuclear power plants in China, TASS reported.

    In a statement released following a meeting between Russian Prime Minister Dmitry Medvedev and his Chinese counterpart, Li Keqiang, Rosatom announced that, "Several power units are planned to be built on new sites in China.”

    Russia and China have already been cooperating in the sphere of nuclear energy for several years, and Russian specialists were active in the …

  • China proposes establishing free trade zone with Ukraine

    At a forum in Kyiv devoted to developing the “Silk Road” infrastructure project in Ukraine, the Chinese ambassador, Du Wei, stated that China is initiating the establishment of a free trade zone with Ukraine and hopes that Ukraine will look into this issue as well, UNIAN reports.

    “The Chinese side has made an ambitious proposal, which is the creation of a Ukrainian-Chinese free trade area, in the hopes that the Ukrainian side will look into this issue,” he said.

    According to Du Wei, the Silk …

  • China donated 50 ambulances to Ukraine

    The Chinese government donated 50 ambulance cars to Ukraine, the press service of the Ministry of Economic Development and Trade of Ukraine reported. The agreement was signed on Friday between Minister Stepan Kubiv and China's Ambassador, Du Wei.

    "According to the intergovernmental agreement, Ukraine will receive 50 ambulances, fully outfitted with special medical equipment worth 25 million yuan [more than $ 3.7 million] in total," the report noted.

    The cars will be delivered to Ukraine …

  • A group of Chinese entrepreneurs visited the Crimea

    A group of Chinese entrepreneurs visited the Crimea, as reported by Crimean Tatar TV Channel, ATR. According to the source, the purpose of their visit is to find out what projects they can implement on the peninsula and learn how Crimeans live.

    “There are no limits to trade. We are confident that the more the Crimea and China can help each other the better. Tourism is a very promising area of cooperation,” Krym Realii reported, quoting Chinese entrepreneurs.

    ATR added that the Chinese guests …

  • Philippine President Duterte hopes to open alliances with Russia and China

    Philippine President Rodrigo Duterte said he will visit Russia and China this year to create “open alliances” with the two countries in pursuit of an independent foreign policy, Reuters reported.

    "I am ready to not really break ties [with the US] but we will open alliances with China and... Medvedev, he is awaiting there for my visit," Duterte said.

    The President of the Philippines added that he would like to open up the "other side of the ideological barrier".

    Duterte also noted that the …

  • Russian and Chinese navies carry out defensive exercises in South China Sea

    The Russian and Chinese navies, as part of the joint Cooperation-2016 exercises in the South China Sea, have so far focused on ship defense, according to the head of the department of information support of the press service of the Russian Eastern Military District for the Pacific Fleet, Captain Vladimir Matveev.

    "The crew members have practiced the elements of anti-submarine-sabotage defense, air defense and anti-submarine warfare (ASW) on unprotected raid. In addition, in the course of joint …