Shanghai’s Composite Index began dropping a few weeks ago from a 52 week high of around of 5, 178 from June 12. Investors with aggressive positions on the Chinese markets causing the 150% rise in the overall index have been hit by a wave of margin calls forcing them to offload their shares in bulk. […] The post China Stock Market Crash appeared first on The Johannesburg … [Read more...] about China Stock Market Crash
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Air China puts direct route to SA on hold
Air China has cancelled the launch of its much-anticipated direct flights to South Africa. Air China spokesperson Jane Hu told Traveller24, “The flight has been cancelled due to xenophobic attacks last month. China did issue a travel warning to our citizens not to travel to South Africa at that stage. “People are worried about this country,” said Hu. […] The … [Read more...] about Air China puts direct route to SA on hold
PetroSA and Chinese company sign oil deal
Pretoria - PetroSA has signed a memorandum of understanding (MoU) with the China United International Petroleum & Company Ltd. (Unipec) - one of the world's largest oil trading companies to secure oil. "The understanding makes it possible for the two organisations to discuss the development and operation of a suitable business arrangement in the purchase and sale of … [Read more...] about PetroSA and Chinese company sign oil deal
South Africa and China strengthen police cooperation
Pretoria - South Africa and China have agreed to share their expertise and work together to combat crime. Deputy Police Minister Maggie Sotyu held discussions with China's Vice Minister of Public Security, Zhang Xinfeng, in Pretoria on Monday. "Our main relationship with China is trade. They are our number one trade partners but China felt that we needed to go beyond … [Read more...] about South Africa and China strengthen police cooperation
South Africa-China relations on the Increase
Cape Town – Surging relations between South Africa and China have further deepened with a historical visit by that country's Standing Committee chairman of the National People's Congress, Wu Bangguo. Bangguo, who is visiting South Africa for the first time, but has been to the continent six times, addressed the National Assembly on Wednesday. His visit followed that of … [Read more...] about South Africa-China relations on the Increase
