Shanghai

Rapid urbanization a challenge for BRICS countries

Major cities in Brazil, China and India are witnessing rapid urbanization [Xinhua]
The Malaysian capital of Kuala Lumpur will next week host the Ninth Session of the World Urban Forum to discuss the challenges societies as more people move to the cities.
The forum titled, Cities 2030, Cities for All: Implementing the New Urban Agenda, will focus on the efforts of major countries, such as China, India, and Brazil to overcome the challenges posed by rapid urbanization.

BRICS NDB bank loans to reach $2.5 bln in 2017 – official

Special Report on 9th BRICS Summit in Xiamen, China
Chinese Finance Minister Lou Jiwei (C), Shanghai Mayor Yang Xiong (R) and President of the New Development Bank (NDB) of BRICS K.V. Kamath attend the launching ceremony of the bank in Shanghai, east China, July 21, 2015 [Xinhua]
The BRICS New Development Bank is hoping to increase the size of its loans in 2017, a Chinese Ministry of Finance official said on Thursday.
The statements by Zhou Qiangwu reiterate remarks made last year by the NDB Vice-President Zhu Xian.

China’s new bullet train is completely domestically produced

China continues to dart ahead of all major global competitors when it comes to economic might. China has increasingly focused its production capabilities on the domestic market in addition to exports.

复兴号今日正式上线运营。(图片来自人民铁道网) pic.twitter.com/LzB8e1UhcP
— China Railway (@Jason_daliang) June 26, 2017