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CSCEC's project in Egypt is just one of many examples showing China's State-owned enterprises' enthusiasm for the continent.
CNOOC Ltd, the listed arm of China National Offshore Oil Corp, said its net profit fell by 66 percent on a yearly basis to 10.38 billion yuan (.5 billion) during the first half of this year, while PetroChina Co Ltd posted a net loss of 29.98 billion yuan, compared with a net profit of 28.42 billion yuan in the previous year. The net loss at Asia's biggest refiner, China Petrochemical Corp (Sinopec), was 21.7 billion yuan compared with a profit of 32.2 billion yuan a year ago.

CHENGDU - Chinese e-commerce giant JD.com said Thursday it will build 150 operation sites for unmanned aerial vehicle delivery in southwestern province of Sichuan.
CSIC's latest debt-to-equity plan appears to suggest a merger with China State Shipbuilding Corp, another major defense-related company, may be possible, said Zheng Minggang, a senior analyst with Dongxin Securities Co Ltd.
CHENGDU - Torrential rain Tuesday disrupted high-speed rail traffic between two major cities in western China.
来源:资阳报