By Muhammad Zamir Assadi | chinadaily.com.cn | Updated: 2021-03-09 10:33 Share CLOSE Workers undertake construction at a harbor in Colombo, Sri Lanka, a project under the Belt and Road Initiative and commissioned by China Harbour Engineering Co Ltd, in September, 2020. [Photo/Xinhua]
China s Five-Year Plan announced by Premier Li Keqiang at the National People s Congress has attracted the attention of international community.
The blueprint of China s development course in the next 5 years and long-term objectives through 2035 carry many opportunities regarding cooperation and progress domestically and internationally.
After the sudden outbreak of COVID-19, global economic system faced uncertainty and hardships as the economic growth of various major countries turned into negative.
TRIS Rating affirms the company rating on Gulf Energy Development PLC (GULF) at ?A?. At the same time, we affirm the ratings on GULF?s senior unsecured debentures at ?A-?. The rating outlook remains ?stable?. The issue ratings? one notch below the company rating reflects the structural subordination of the claims under the debentures, due to GULF?s status as a holding company, compared with the debt obligations of the company?s operating subsidiaries.
The ratings reflect the company?s position as one of the leading power producers in Thailand, its well-diversified portfolio, predictable cash flows from its long-term power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT, rated ?AAA/Stable? by TRIS Rating), as well as proven record of developing and operating power plants. In contrast, the ratings are constrained by risks associated with the company?s overseas expansion and a rise in its debt load. The recent capital increase helped reduce leverage
Workers undertake construction at a harbor in Colombo, Sri Lanka, a project under the Belt and Road Initiative and commissioned by China Harbour Engineering Co Ltd, in September. [Photo/Xinhua]
Some 20 kilometers north of Sri Lanka s Hambantota Port, an extension to the country s Southern Expressway is raised high off the ground for a special purpose－to let wild elephants cross the thoroughfare safely.
The elephant passage , an eco-friendly design recommended by a Chinese contractor, is one of the many examples that show how Chinese companies work hard to protect the environment and preserve local ecology when constructing projects under the Belt and Road Initiative.
China Daily Global / 2021-01 / 13 / Page009
Companies play major role in boosting sustainable development in Belt, Road China Daily Global | Updated: 2021-01-13 00:00
HONG KONG－Some 20 kilometers north of Sri Lanka s Hambantota Port, an extension to the country s Southern Expressway is raised high off the ground for a special purpose－to let wild elephants cross the thoroughfare safely.
The elephant passage , an eco-friendly design recommended by a Chinese contractor, is one of the many examples that show how Chinese companies work hard to protect the environment and preserve local ecology when constructing projects under the Belt and Road Initiative.
The expressway extension, which began service in February, is significant for Sri Lanka as it connects the established port and airport in Colombo with the new port and airport of Hambantota.
Reliable supply chains of Chinese firms and strong preventive moves boost recovery
China s centrally administered State-owned enterprises have either completed or made breakthroughs in a number of big-ticket projects in overseas markets in the fourth quarter of this year, thanks to their reliable supply chains and partner countries better-than-expected performance in containing the COVID-19 pandemic and boosting the local economy, according to the country s State-asset regulator.
Supported by China s early recovery from the pandemic, central SOEs have become a vital force in many countries fight against the pandemic.
SOEs have helped them to restore their growth power by adding investment in both the infrastructure and services sectors, said Ren Hongbin, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council.