[South African Ports Authority plans to invest$570 million in port infrastructure] South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao

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• 2026.05.09 18:15
• [China builds its largest carbon fiber production line]
• On May 8, 2026, the first phase of Sinopec Shanghai Petrochemical's annual production of 30000 tons of large fiber bundle carbon fiber project was put into operation and qualified products were produced, with performance reaching the international advanced level. The completion of two production lines marks the launch of the 48K large fiber bundle carbon fiber production line, which has the largest single line capacity in China. The project has a high localization rate and a record breaking construction speed, and has also established a green electricity and high-end new material circular industry chain, supporting the high-quality development of the carbon fiber industry.Editor/Gong Ziwei

• 2026.05.09 18:08
• [Chinese Ambassador to Türkiye Jiang Xuebin Attends the Istanbul SAHA Defense Airshow]
• On May 7, 2026, Chinese Ambassador to Türkiye Jiang Xuebin was invited to attend the 2026 Istanbul SAHA Defense and Aerospace Exhibition, visited the booths of several Chinese exhibitors and encouraged them to expand overseas markets. During this period, he met with relevant Turkish institutions and business leaders to have in-depth exchanges on defense cooperation between China and Turkey. The exhibition is held every two years and attracts 1763 exhibitors from over 120 countries. The scale of China's 125 participating enterprises ranks first among all overseas countries.Editor/Gong Ziwei