China’s Investment in Africa May Rise to $50 Billion, Bank Says
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China’s investment into Africa may rise by 70 percent to $50 billion by 2015 from 2009, as the Asian nation seeks to acquire resources, Standard Bank Group Ltd. said.
Bilateral trade between China and Africa will reach $300 billion by 2015, double the 2010 level, Africa’s largest lender said today in a report.