The frosty handshake between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe on the margins of the Asia-Pacific Economic Cooperation meeting in Beijing is providing an opportunity for the two countries to end the downward spiral of the last two years, but this is by no means assured. Both sides had their respective domestic audiences in mind at the historic meeting.
Last week state-owned China Railway Construction Corp. (CRCC) signed a lucrative contract with Nigeria to build an 870-mile coastal railroad from Lagos to Calabar, two of the West African nation’s leading cities.
Last month China’s president Xi Jinping presented his pragmatic vision for China’s arts and creative industries. (...)Whereas his predecessor Hu Jintao saw culture as a means to boost China’s global prestige and soft power, Xi is as concerned with shaping China’s hearts and minds.
The China Railway Construction Corporation's eye-popping $12 billion deal to build an 870-mile railroad in Nigeria is the biggest single overseas contract in Chinese history and will boost the country's manufacturing sector just as its overall economy shows some signs of slowing.