A Chinese heavy machinery manufacturing firm, Xuzhou Construction Machinery Group (XCMG), has launched a three-year scholarship initiative to financially benefit outstanding Ethiopian university students. The sponsorship, launched on Tuesday, is part of XCMG's global initiative to realize its motto, "XCMG, Making a Better World," in which six countries had been chosen to benefit from the sponsorship project, according to Xiao Xiao, XCMG East Africa Regional Manager. During a period of three years, the scholarship project will benefit 27 outstanding Addis Ababa University students. Nine students will be annually selected and share close to 2,500 U.S. dollars. One of the objectives of the scholarship is to support talented engineering students who could potentially benefit the east African country, said Xiao.