July 6 China-related world news summary at 1000 GMT

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ACCRA — More and more Chinese companies are willing to invest in Ghana due to peace and stability environment in Ghana, Chinese Ambassador to Ghana Sun Baohong has said.
“Chinese enterprises are generally interested in investing in Ghana because Ghana is a very peaceful country and it has a lot of advantages which attract Chinese investments. I think stability is one of the biggest dividends,” she told the media during the recent China-Ghana Economic forum held here. (Ghana-China-Investment)
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QUITO — Ecuadoran President Rafael Correa said Tuesday that his country is seeking funds from Asia for the building of an oil refinery.

oil refinery
oil refinery
An Ecuadoran delegation is touring South Korea, China and India for funds for the mega project, Correa told reporters.
Asian countries are interested in this refinery because they lack energy while countries such as Ecuador are short of funds, said Correa, suggesting that a long-term partnership will benefit both. (Ecuador-Oil Refinery)
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SINGAPORE — Singapore’s Land Transport Authority (LTA) said on Wednesday that the defects found on trains manufactured by Kawasaki Heavy Industries and China Southern Railway (CSR) Sifang are “not safety-critical,” after hairline cracks were found on the car-body of 26 trains delivered to SMRT, the major train operator of the city state.
In a statement, LTA said these defects were found during a check of new trains in late 2013, which are not structural cracks and not safety-critical. (Singapore-Defect Trains)
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HANOI — Imported steel from China has accounted for some 60 percent of Vietnam’s total imported steel so far in 2016, according to Vietnam Steel Association (VSA) on Wednesday.
Statistics by VSA showed that, so far this year, Vietnam imported over 9.6 million tons of all kinds of steel worth around 3.42 billion U.S. dollars.
The figures post a year-on-year increase of 48 percent in volume and 1 percent in value, local Vietnam Economic Times quoted the VSA as saying.
(Vietnam-China-Steel) Enditem

Source: Xinhua/NewsGhana.com.gh

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