Xinhua China-related world news summary at 0900 GMT, Oct. 6
Xinhua, October 6, 2016 Adjust font size:
China's Huawei is successfully penetrating Myanmar's mobile market, as it recently made partnership with KMD, Myanmar's foremost IT distribution company, as a new distributor for its products and solutions business.
The partnership will affirm Huawei's strategic commitment to Myanmar as a key market, according to the Chinese company. (Myanmar-Huawei)
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WASHINGTON -- The historic inclusion of China's Renminbi into the Special Drawing Right (SDR) basket of the International Monetary Fund (IMF) has deeper significance for China and the global economy, said Zhang Tao, deputy managing director of the IMF, on Wednesday.
"The inclusion of the Renminbi thus recognizes a significant increase in the internationalization of the Chinese renminbi (RMB) in recent years, underpinned by policy reforms to achieve China's transition to an increasingly open and market-based economy," said Zhang Tao at a forum held by the Peterson Institute for International Economics and China Finance 40 Forum in Washington. (IMF-SDR-China)
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NAIROBI -- Kenya's first transfomer-manufacturing plant, set up by a Chinese firm, opened on Wednesday.
A launch ceremony was held in the compound of the plant, which is established by the Kenyan subsidiary of Chinese company Yocean Group on the outskirts of the capital Nairobi. (Kenya-China-Power)
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ADDIS ABABA, Ethiopia -- The Chinese-built Ethiopia-Djibouti railway project will have significant contribution to the two east African countries' economic development and technology transfer, an Ethiopian official has said.
The 752.7 km electrified railway connecting the Ethiopian capital Addis Ababa and the port of Djibouti was inaugurated Wednesday at a ceremony in Addis Ababa. (Ethiopia-China-Railway) Endi