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Russia and China Are Now Connected by a Bridge for the First Time Ever

The first road bridge linking Russia and China is complete following the launch of a natural gas pipeline between the two countries.

The new bridge, which spans the River Amur and is expected to open in the spring, will link the city of Blagoveshchensk in Russia’s Far East with Heihe in northeastern China in an effort to move larger amounts of freight traffic and agricultural products between the two countries.

Construction started in 2016, and while it was completed on the Chinese side by October 2018, the Russian side took longer and was more expensive. The bridge itself required the construction of more than 12 miles of new roads, which was done by a Russo-Chinese company.

The project cost about $295 million and spans more than 1,700 feet, according to CBS News. About 2 million Chinese tourists and 4 million metric tons of goods are expected to cross each year.

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Stanari Thermal Power Plant

https://www.facebook.com/XinhuaNewsAgency/videos/478343992787731/?t=26

This was the first Chinese-built power plant in Europe, whose opening led to the creation of jobs and a pouring of investment into the infrastructure of Bosnia and Herzegovina.
A tour inside the Stanari Thermal Power Plant, which has become a source of pride in the local community.

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Japan chip industry heavyweight joins China’s Unigroup

Tsinghua Unigroup, one of China’s leading chipmakers, has hired Japanese semiconductor industry veteran Yukio Sakamoto as a senior vice president and also head of the company’s Japan unit.

Sakamoto, 72, served as chief executive of once-leading Japanese chipmaker Elpida Memory, which was established by combining the memory chip units of NEC and Hitachi.

Ex-Elpida CEO forms memory startup

Sakamoto led Elpida for over a decade, from 2002 to 2013, successfully listing the company’s shares on the first section of the Tokyo Stock Exchange in 2004. But the financial crisis and falling chip prices hurt the company’s finances, eventually leading to its bankruptcy in 2012 and its acquisition by U.S. peer Micron Technology the following year.

Besides Sakamoto’s experience, the Chinese government-backed Unigroup likely aims to put his connections in Japan and beyond to work as it expands its reach.

Pay back to United States.

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Shenzhen moves to build houses for people, not for profit

In a move to stem its property prices from soaring beyond the grasp of ordinary folks like in Hong Kong, Shenzhen  is introducing a new reform to its housing system.

The municipal government this week published a regulation stipulating that plots sold for subsidised housing should be priced at 30% to 40% of a benchmark land rate which it has just implemented across the city, reported the South China Morning Post yesterday.

Newly affordable homes in its downtown area, where the special economic zone originally was, will be capped at 50,000 yuan (RM29,601) per sq m (10.8 sq ft). In other areas, the ceiling price for affordable homes will be 20,000 and 30,000 yuan per sq m, reported the state-run Shenzhen Special Zone Daily.

The mega tech-city which links mainland China to Hong Kong has become a place with one of the most expensive properties when its average residential price increased more than 10 times to above 50,000 yuan  per sq m between 2005 and 2015.

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First container train from China arrives in Serbia

https://www.railfreight.com/beltandroad/2019/10/25/first-container-train-from-china-arrives-in-serbia/?fbclid=IwAR260k1Uzst_lJD08CHvMulmNuY7ywvrKLCQluHk1c-DzQMJze4CFxSYoDE

The first Chinese container train departed from the city of Jinan, the province of Shangdong, on 24 September. A month later, on 24 October, it arrived at the Novi Beograd (New Belgrade) railway station in Belgrade. The train has travelled a distance of around 10,500 kilometres via Mongolia, Russia, Belarus, Poland, Slovakia and Hungary.

On the Serbian section of the route, the wagonset loaded with 28 containers was hauled by a Siemens Vectron locomotive of Serbia Cargo (Srbija Kargo), the country’s state-owned rail freight operator. The Jinan – Belgrade train delivered equipment weighing 500 tonnes, including transformers, cables, integrated automation systems for substations, remote control systems for the contact network and other solutions for the future Budapest – Belgrade high-speed line.

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China to fund and build $3.9bn railway from Nigeria’s capital to the sea

https://www.globalconstructionreview.com/news/china-fund-and-build-39bn-railway-nigerias-capital/?fbclid=IwAR2O0SGjoGMWpsWpbMxsctI6vZPEZrruDAwa4X_QUhFvb_kExbShTMWzybM The government of Nigeria yesterday signed a contract with state-owned China Railway Construction Corporation Limited (CRCC) to build a major new railway linking the capital Abuja to the port city of Warri, a distance by air of approximately 440km.

The project is valued at $3.9bn, Nigerian media reported, adding that it would be a public-private partnership, with Nigeria providing an equity stake of 15%, CRCC an equity stake of 10%, and the remaining 75% borrowed from Cina’s Export-Import (Exim) Bank. 

The project includes the construction of a new port at Warri, reports said.

CRCC will operate the railway and the port to recover its investment.

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Ugayati Panshan Highway, Tashkurgan-Tajik Autonomous County, Xinjiang, China

新疆塔什库尔干塔吉克自治县吾格亚提盘山公路。2019年7月投入使用。 在中国西陲的新疆帕米尔高原，塔什库尔干塔吉克自治县县城到瓦恰乡之间有条蜿蜒的盘山公路，海拔超4200米，全长36公里，最大落差近1000米，被当地人称为“高原天路”。 New Sky road on the Pamir Plateau, Northwest China’s Xinjiang Uygur Autonomous Region. Elev.4200m, 36km long, 1000m gain. Opened in July, 2019