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China Harbour Engineering Co Ltd
China Harbour Engineering Company Ltd (CHEC) is an engineering contractor and a subsidiary of China Communications Construction Company (CCCC), providing infrastructure construction, such as marine engineering, dredging and reclamation, road and bridge, railways, airports and plant construction. It is the second largest dredging company in the world, carrying out projects in Asia, Africa, and Europe. History The company was established in December 2005 during the merger of China Harbour Engineering Company Group (founded 1980) with China Road and Bridge Corporation into CCCC. In 2018, Sri Lankan State Minister of Finance and Mass Media Eran Wickramaratne called for an investigation into CHEC following reports that it had funded the campaign of Mahinda Rajapaksa during the 2015 Sri Lankan presidential election. CHEC denied funding the election campaign. The company was debarred by the World Bank for bribery in Bangladesh. Projects CHEC has won large contracts for dredgi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hambantota International Port
The Hambantota International Port is a deep water port in Hambantota, Sri Lanka, notable for its 99-year lease to China Merchant Ports. Opened in 2010, it is Sri Lanka's second largest port, after Colombo. In 2020, the port handled 1.8 million tonnes of cargo. Construction of the port commenced in January 2008. In 2016, it reported an operating profit of $1.81 million but was considered economically unviable. As debt repayment got difficult, the newly-elected government decided to privatise an 80% stake of the port to raise foreign exchange in order to repay maturing sovereign bonds unrelated to the port. Of the two bidding companies, China Merchants Port was chosen, which was to pay $1.12 billion to Sri Lanka and spend additional amounts to develop the port into full operation. In July 2017, the agreement was signed, but CMPort was allowed a 70% stake. Simultaneously a 99-year lease on the port was granted to CMPort. As of May 2024, the port has transformed into a busy tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction And Civil Engineering Companies Established In 2005
Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the asset is built and ready for use. Construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction industry contributes significantly to many countries' gross domestic products (GDP). Global expenditure on construction activities was about $4 trillion in 2012. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global GDP. This spending was forecasted to rise to around $14.8 trillion in 2030. The construction industry promotes economic development and brings many non-monetary benefits to many countries, but it is one of the most hazardous industries. For exampl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Policy Of China
The People's Republic of China emerged as a great power and one of the three big players in the tri-polar geopolitics (PRC-US-USSR) during the Cold War, after the Korean War in 1950–1953 and the Sino-Soviet split in the 1960s, with its status as a recognized nuclear weapons state. Currently, China has one of the world's largest populations, second largest GDP (nominal) and the largest economy in the world by PPP. In 1950–1953 it fought an undeclared war in Korea against the United States. Until the late 1950s it was allied with the Soviet Union but by 1960 they began a bitter contest for control over the local communist movement in many countries. It reached détente with the United States in 1972. After Chinese Communist Party chairman Mao Zedong died in 1976, Deng Xiaoping led a massive process of industrialization and emphasized trade relations with the world, while maintaining a low key, less ideological foreign policy, widely described by the phrase '' Taoguang Yangh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belt And Road Initiative
The Belt and Road Initiative (BRI or B&R), known in China as the One Belt One Road and sometimes referred to as the New Silk Road, is a global infrastructure development strategy adopted by the government of China in 2013 to invest in more than 150 countries and international organizations. The BRI is composed of six urban development land corridors linked by road, rail, energy, and digital infrastructure and the Maritime Silk Road linked by the development of ports. BRI is both a geopolitical and a geoeconomic project''.'' Chinese Communist Party (CCP) general secretary Xi Jinping originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" refers to the proposed overland routes for road and rail transportation through landlocked Central Asia along the famed historical trade routes of the Western Regions; "road" refers to the 21st Century Maritime Silk Road – the Indo-Pacific sea routes through Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bogotá Metro
The Bogotá Metro () is a rapid transit project under construction in Bogotá, Colombia, it is projected to be in operation in 2028. Construction started in October 2020. History Early proposals The construction of the Metro de Bogotá has been the subject of debates and studies since the 1940s when the collapse of the Tramways of Bogota, Bogotá Tramways made the need for a modern form of mass transport for the fast-growing metropolis evident. It has been suggested that the track routes of the defunct Bogotá Savannah Railway be utilized for the city's new metro system. Currently Bogotá has no rail service and its public transport system relies on the bus rapid transit system TransMilenio. General Gustavo Rojas Pinilla began the process of contracting the studies of the metro with New York City Transit Authority, NYCTA. However, due to the coup that deposed his government, the project stagnated. In 1955, the city's government opted for bus-based transportation. In 1981, Fede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Route 32 (Costa Rica)
National Primary Route 32, or just Route 32 (, or ) is a National Road Route of Costa Rica, located in the San José, Heredia, Limón provinces. It connects the central valley and Greater Metropolitan Area to the Caribbean coast of the country. Description As the main exports road of the country, through the Moín ports, 83% of the products are shipped abroad, equivalent to around 1500 trailer trucks. The (North Atlantic Drive) is made from the section between Guápiles and Limón of this route, and the totality of Route 4. It allows direct travel between the Caribbean coast of the country to the northwest canton of La Cruz in Guanacaste Province. From Route 108 in downtown San José canton, towards the Virilla river bridge there four lanes, two in each direction, then there are two lanes, one in each direction with a third ascent lane when required. As it crosses the Braulio Carrillo National Park, there is lush greenery and vegetation as well as touristic points of in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export–Import Bank Of China
The Export–Import Bank of China (; Exim Bank) is a policy bank of China under the State Council. Established in 1994, the bank was chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provide policy financial support so as to promote the export of Chinese products and services. Mission The bank is a policy bank and along with other Chinese policy institutions like China Development Bank and Sinosure implement the economic policies of the government. The focus of the bank is facilitate Chinese companies' exports. Commercial lending forms the backbone of the bank. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment loans for Chinese businesses to establish overseas in the energy, mining and industrial sectors. Another function is to administer concessional loans which are no interest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornell University Press
The Cornell University Press is the university press of Cornell University, an Ivy League university in Ithaca, New York. It is currently housed in Sage House, the former residence of Henry William Sage. It was first established in 1869, making it the first university publishing enterprise in the United States, but was inactive from 1884 to 1930. The press was established in the College of the Mechanic Arts, as mechanical engineering was called in the 19th century, because engineers knew more about running steam-powered printing presses than literature professors. Since its inception, The press has offered work-study financial aid: students with previous training in the printing trades were paid for typesetting and running the presses that printed textbooks, pamphlets, a weekly student journal, and official university publications. Today, the press is one of the country's largest university presses. It produces approximately 150 nonfiction titles each year in various disci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
