Aug. 19 China-related world news summary at 0900 GMT

El G-20 lo conforman las ocho economías más fuertes del planeta, las 5 grandes potencias emergentes y un grupo de países elegido en función de una serie de criterios sociales, políticos y económicos. FOTO: © Cphoto |

WASHINGTON — The White House announced Thursday that U.S. President Barack Obama is to travel to China and Laos in early September, during which he will attend the G20 summit and conduct his first visit to Laos.
Obama’s September 2-9 trip will “highlight the President’s ongoing commitment to the G-20 as the premier forum for international economic cooperation as well as the U.S. Rebalance to Asia and the Pacific,” the White House said in a statement. (US-China-G20)
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BUENOS AIRES — China has taken center stage at the on-going Argentina’s largest expos: Presentes-Exhibition of Decoration, Lighting, Furniture, Gifts and Household Items.
The 2016 spring edition of the show, which takes place twice a year, features the latest trends in furniture, decorative items, lighting, kitchenware, linens, gifts and Christmas decor. (Argentina-China-Expo)
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LOS ANGELES — Chinese leading real estate company Greenland announced on Thursday that it plans to invest more than 1 billion U.S. dollars in a joint venture to build a large-scale biotech industrial park in South San Francisco.
Greenland USA, the subsidiary company of Greenland Group, acquired the Oyster Point landing project together with its equity partner Ping’an Trust, and minority equity partners Agile Group and Poly Sino Capital Limited. (US-China-Biotech Park)
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WELLINGTON — New Zealand’s tourism industry is having a boom time with overseas visitors spending a record 10.3 billion NZ dollars (7.47 billion U.S. dollars) in the year ending June, according to a government report out Friday.
The international visitor spend was up 18 percent from the previous June year, said the report from the Ministry of Business, Innovation and Employment (MBIE). (New Zealand-Tourism-China)
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MELBOURNE — One of Australia’s biggest producers of infant formula has tripled its profits in a year due to a sales boom in China.
Bellamy’s Australia recorded a 322-percent increase in its net profit, to 29 million U.S. dollars in the financial year which ended in June 2016. (Australia-Baby Formula-China) Enditem

Source: Xinhua/News Ghana

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