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China Railway Steel Structure Co, a CRHIC unit, currently helps the Democratic Republic of the Congo to build mining, manufacturing and supportive facilities after shipping 14,000 tons of steel structures earlier this year. This is the unit's first overseas construction project involving steel structures.
China and the US have seen their trade tensions escalate in the past months following the unilateral US tariff imposition and threats on Chinese imports. Besides tariffs, the US is also likely to impose tougher restrictions on Chinese foreign direct investment in the US, in particular the technology sector.
China and the African Union have signed an agreement to promote the Belt and Road Initiative in Africa. This marks China's latest move to boost bilateral economic cooperation, according to the country's top economic regulator.
China also introduced other measures to maintain fiscal revenue growth of local governments and offset the impact of the tax and fee reduction. For instance, it plans to transfer the majority of dividends from State-owned enterprises to local governments. Dividend collections from State-owned enterprises, which are part of the government's nontax revenue, have increased fourfold in the first half this year, according to the Ministry of Finance.
China and the United States conducted vice-ministerial-level calls on Friday and achieved fresh progress on issues of mutual concern, including trade imbalances and strengthening of intellectual property rights protections, the Ministry of Commerce said in an online statement released on Sunday.
来源：资阳报