Xinhua China-related world news summary at 0900 GMT, Aug. 11

Marking a milestone agreement for Sino-Greek collaboration, China Cosco Shipping on Wednesday acquired a majority stake in Piraeus Port Authority (PPA) through the Athens Stock Exchange, it was reported Wednesday.

The Chinese company signed a memorandum of understanding at the Hellenic Republic Asset Development Fund (HRADF), formally completing the transfer of a 51 percent equity holding in PPA and the custody of an additional 16 percent stake. (Greece-China-COSCO)

- - - -

MONTEVIDEO -- Chinese railway experts have begun training their Uruguayan counterparts in Montevideo, as part of bilateral cooperation agreements between the two governments, the Uruguayan presidency said Wednesday.

The First International Seminar on Railway Construction and Administration is aimed to teach Uruguayan engineers a range of subjects, including railway signage equipment, communications systems usage and maintenance, the reconstruction and repair to sewage systems, and the maintenance of tunnel and track ballast. (Uruguay-China-Railway Cooperation)

- - - -

NAIROBI -- Kenyan President Uhuru Kenyatta on Wednesday welcomed more Chinese investment and hailed China's "Belt and Road" initiative while meeting Chinese Foreign Minister Wang Yi.

China is a sincere friend and important partner of Kenya, Kenyatta said, expressing thanks for China's support to Kenya's economic and social development. (Kenya-China-Wang Yi)

- - - -

SANTIAGO -- A G20 summit to be hosted by the Chinese city of Hangzhou in September "couldn't have come at a better time," Chile's Ambassador to China Jorge Heine has said.

In an article published on Wednesday in Chilean daily La Tercera, the top diplomat stressed the relevance of the group of the "world's leading economies, which represent 85 percent of global GDP, 80 percent of international trade and 65 percent of the world population." (Chile-China-G20 Summit) Endi