China’s consumer inflation weakened further toward zero, decelerating for a fourth straight month in a setback for government efforts to stamp out deflation and revive demand with economic stimulus.

Factory-gate prices extended into a second straight year of declines, weighed by persistently weak domestic demand.

Consumer prices eked out growth in 2024, capping yet another year marked by stubborn disinflationary pressures that have dented business confidence and troubled policymakers.

China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna, the bank said, ahead of a visit to the West African country by China's top diplomat this week.

The China Development Bank has announced a $254.76 million loan to Nigeria for the construction of a railway project. China’s involvement in Nigeria’s railway modernization program is part of its broader Belt and Road Initiative.

The China Development Bank (CDB) has approved the first tranche of a $255 million loan for the Kaduna-Kano railway project. The announcement was made on Tuesday, January 7, as part of China's commitment to enhancing Nigeria's transport network under the Belt and Road Initiative.