Business

SANTIAGO, July 27 (NNN-XINHUA) -- Using Chinese technology, a Chilean company has succeeded in making "non-plastic" bags that quickly dissolve in cold water and won't take hundreds of years to disintegrate.

The cost-effective formula combines hydrogen, carbon and a synthetic polymer, which doesn't cause pollution to produce a grocery bag, according to the company Solubag.

JOHANNESBURG, July 27 (Xinhua) -- Chinese President Xi Jinping on Friday called on emerging market economies and developing countries to enhance cooperation in addressing common challenges.

Xi made the remarks in a speech to an outreach dialogue grouping leaders from the BRICS, the "BRICS Plus" and African countries at the 10th BRICS summit here.

The leaders discussed international development and cooperation, as well as the important cause of South-South cooperation, and reached broad consensuses.

CANBERRA, July 26 (Xinhua) -- Property prices in Australia have fallen over the past 12 months for the first time in six years, a report has revealed.

The national median property price fell one percent in the 12 months to the end of June 2018, according to a report published by property group Domain on Thursday, the first time prices have fallen in a 12-month period since June 2012.

It comes on the back of falling prices in Sydney and Melbourne, Australia's two biggest and most expensive cities.

KIGALI, July 25 (Xinhua) -- China remains a sincere partner for most of African countries, Rwandan experts told Xinhua in recent interviews.

China and Rwanda enjoy a long history of friendship and fruitful cooperation in various sectors such as business, health, education, tourism, infrastructure, said Ismael Buchanan, Dean of the School of Economics and Governance at the University of Rwanda.

Mumbai, Jul 26 (PTI); The Congress would take out a morcha against the non-disclosure of the Rafale jet purchase price by the BJP-led Central government, in Mumbai on July 30.

The forthcoming march is the part of similar protests the Congress is planning to organise across the country, senior party leaders said today.

The morcha would start from Fashion Street and conclude at Azad Maidan in south Mumbai.

The Congress has been demanding that the government disclose the purchase price of each Rafale jet during the ongoing session of Parliament.

MONTEVIDEO, July 26 (NNN-XINHUA) -- Uruguay's state-owned power company said on Tuesday that the recent record demand for electricity was completely covered by renewable energies.

The National Administration of Power Plants and Electrical Transmission (UTE) said the South American country's power demand reached a record 2,063 megawatts on Monday night when temperatures dropped to around 7 degrees Celsius in the capital Montevideo. The country, in the southern hemisphere, is currently in winter.

MEXICO CITY, July 26 (NNN-XINHUA) -- Latin American trade bloc the Pacific Alliance, in conjunction with its older counterpart the Southern Common Market (Mercosur), is poised to spur regional trade ties with China, according to Mexican experts.

JOHANNESBURG, July 26 (NNN-SABC) -- President Cyril Ramaphosa has hailed the first decade of the existence of the BRICS grouping of Brazil, Russia, India, China and South Africa as a major success in the global developmental agenda.

Addressing the opening of the BRICS Business Summit here, the South African head of State said that over the past ten years, the bloc had made enormous strides in a number of co-operation areas including climate change and promoting sustainable development.

BEIJING, July 25 (Xinhua) -- China expressed strong dissatisfaction and opposition on Wednesday to a U.S. defense spending bill which includes propositions aimed at China, and urged the U.S. not to disrupt the stable development of bilateral ties.

Foreign Ministry spokesperson Geng Shuang made the remarks at a routine news briefing when asked for comments about a draft bill of the U.S. National Defense Authorization Act for Fiscal Year 2019.

JOHANNESBURG, July 25 (Xinhua) -- From new global growth drivers to the international landscape and the global governance system, Chinese President Xi Jinping here Wednesday shared his thoughts on the changes the world is going to witness in the next decade.