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Anita Shreve

Another Chinese company Hongshi Cement has also entered into Nepal's cement sector with investment of 0 million under a joint venture arrangement with Nepal's Shivam Group. The joint venture company Hongshi-Shivam Cement has been constructing factory in Nepal's southern Nawalparasi district.

Another highlight of the agenda was the EU's new strategy for connecting Europe and Asia. "There is huge potential in trade and business, transport and digital connectivity in particular," Telicka said, urging the EU to strengthen all-round comprehensive collaboration with Asian countries to unleash the potential, especially with China, one of the biggest economies and most important global partners for the EU.

Apart from the contributions of Jayaram, senior partner in McKinsey's Nairobi office, the report is also the work of Omid Kassiri, another Nairobi partner, and Irene Yuan Sun, engagement manager in the company's Washington office. Sun is also the author of the book The Next Factory of the World: How Chinese Investment Is Reshaping Africa.

Another cinema chain giant Guangzhou Jinyi Media Corp anticipates a loss of between 100 million yuan and 128 million yuan in the third quarter, down from a loss of 153 million yuan in the first quarter and 161 million yuan in the second quarter.