Vietnam 

Airlines need to take the initiative in human resources, says transport ministry official – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam is considered one of the fastest-growing aviation markets. The domestic market, including Vietnam Airlines, Jetstar Pacific, Vietjet Air, Bamboo Airways and Vasco, has witnessed the newest name Vinpearl Air, a member of Vingroup. The development of the aviation industry will require human resources and infrastructure. Deputy Minister of Transport Lê Đình Thọ yesterday spoke with Vietnam News Agency about the sector. How can airlines deal with the shortage of human resources? The appearance of new airlines in recent years has increased competition in Việt Nam’s…

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Home 

China’s rust belt cities shrouded in uncertainty as exhausted natural resources shake China’s foundations

The northeast rust belt, once the pride and birthplace of China’s industrial development, is in its biggest economic slump as it struggles to shake off a deep-rooted planned economic mindset and dwindling resources, and a brain drain to regain competitiveness. This is the second article of a five-part series that examines the issues inhibiting reform and changes to revive growth.The tiny shroud shop on a dusty commercial street leading to the abandoned Shengli Coal Mine in Fushun in China’s… Source link

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The great game of the Belt and Road is a global competition for resources, strategic reach and soft power diplomacy

China’s Belt and Road Initiative (BRI) continues to evolve, occasionally assuming serpentine form as its transport linkages snake their way across Europe and Asia, and sometimes chameleon-like in adapting to different situations.But none of this can disguise the fundamental conflicts between the world’s great powers provoked by the BRI.That was apparent last week during the Second BRI International Forum in Beijing, and it will be a source of real, if disguised, tension when China’s President… Source link

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Benchmark compiler Hang Seng Indexes adds tool maker Techtronic to gauge, ejects China Resources Power

Hong Kong-based maker of Hoover vacuum cleaners and Milwaukee power tools Techtronic Industries will become a constituent stock of the benchmark Hang Seng gauge on March 11, compiler Hang Seng Indexes said on Friday as part of its quarterly review.Techtronic replaces China Resources Power Holdings, and the total number of the index will remain at 50.Founded in 1985 by Horst Pudwill, the company has been listed on the local bourse since 1990. It produces a lot of electronic equipment for the… Source link

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China’s Zijin Mining to raise US$1.2 billion through share issue to fund takeover of Nevsun Resources

Zijin Mining Group, China’s largest gold miner, said it plans to issue 8 billion yuan (US$1.16 billion) worth of shares in Shanghai to finance the purchase of a Canadian mining company, the biggest overseas acquisition since the company went public in Hong Kong in 2003. The miner said in a Hong Kong filing Tuesday filing that it planned to issue 3.4 billion shares, raising 8 billion yuan to finance its 9.36 billion yuan purchase of a 100 per cent stake in the Toronto-listed company Nevsun Resources. Nevsun has a copper-gold…

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China 

China has US$17.41 trillion of financial resources to offset external risks, Beijing think tank says

China has sufficient financial resources to offset the external risks identified by President Xi Jinping, but contingency plans are needed to counter potential economic “shock waves” next year, a top government think tank said. The Chinese government had net assets of 120 trillion yuan (US$17.41 trillion) – including its stakes in state-owned enterprises (SOEs), national infrastructure projects and foreign reserves – on its books at the end of 2016, according to the analysis of China’s latest national balance sheet released by the Chinese Academy of Social Sciences on Wednesday. “The…

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Investment 

China Resources Power rises on sale of coal assets previously embroiled in lawsuit

Shares of China Resources Power Holdings (CR Power) rose as much as 3.1 per cent on Monday after it unveiled the sale of four coal mining units, including two that were embroiled in a lawsuit. The legal challenge was brought by minority shareholders five years ago alleging CR Power directors – including disgraced former chairman Song Lin – of breaches of fiduciary duties related to a troubled acquisition. Senior executives of CR Power maintained in 2013 they were not aware of any irregularities concerning a controversial acquisition of coal mines…

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