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China's factory activity hits 5-month high in November

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China's factory activity hits 5-month high in November

2024-12-02 17:27 Last Updated At:23:27

⁠⁠⁠⁠⁠⁠⁠China's factory activity has expanded at the fastest pace in five months, according to a private-sector survey released by Caixin data on Monday.

The Caixin Manufacturing Purchasing Managers' Index (PMI) for November rose from 50.3 in October to 52, the highest reading since July. It is above the 50 threshold that separates expansion from contraction. 

The growth was mainly pushed up by an increase in new orders, including those from abroad, leading to a solid rise in production. 

Caixin's senior economist Wang Zhe said business showed confidence in better economic conditions and continued support from government policies. 

China's factory activity hits 5-month high in November

China's factory activity hits 5-month high in November

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China builds, upgrades nearly 100,000 kilometers of roads across Africa

2024-12-02 22:49 Last Updated At:23:07

China has built and upgraded nearly 100,000 kilometers of roads across Africa as part of the Belt and Road Initiative, aiming to boost industrial and infrastructure development, as well as trade on the continent.

In Uganda, the 217.9-million-U.S.-dollar Masindi-Park Junction and Tangi Junction-Paraa-Buliisa road project serves as a vital link for both commerce and conservation in the country.

Funded by the China Export-Import Bank and built by China Communications Construction Company, the project is not just a ribbon of asphalt, but a lifeline connecting communities and catalyzing growth.

The road winds through the vast Murchison Falls National Park, reducing travel time and improving the tourist experience.

And the 51-kilometer Kampala Entebbe Expressway in the country, financed and constructed by China, reduces the travel time from Kampala to Entebbe airport to 30 minutes from 120 minutes before.

In Tanzania, the Chinese-built state-of-the-art Kijazi Interchange in Dar es Salaam is the biggest project of its kind in the country.

It consists of a three-level interchange with the maximum height of 17.5 meters and service roads.

The interchange significantly reduces traffic jams in the commercial capital, making heavy traffic jams lasting for hours at the busy Ubungo junction history.

The Keffi Road project in Nigeria, contracted by the China Harbor Engineering Company, was completed in 2023.

The project comprises the construction of the Abuja-Keffi expressway and dualization of Keffi-Akwanga-Lafia-Makurdi road in central Nigeria, facilitating local economic activities along with job opportunities and road-construction expertise.

The 27.1-kilometer Nairobi Expressway, built by a Chinese firm, is providing a faster route for motorists heading to and from the central business district, the city's industrial area and the main international airport.

It is part of a broader investment in Kenya's transport infrastructure, aimed at improving road connectivity and supporting the country's economic growth.

Since its launch, the toll road has significantly cut travel time between Nairobi's southern areas, home to the main airport, and the upscale Westlands suburb, from two hours during peak times to just 20 minutes.

China builds, upgrades nearly 100,000 kilometers of roads across Africa

China builds, upgrades nearly 100,000 kilometers of roads across Africa

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