Standard Chartered Sees Xi Visit Driving China-Africa Trade
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Trade and investment flows between China and Africa will gain momentum this year as President Xi Jinping visits several nations on the continent during his first overseas trip, Standard Chartered Plc said.
Xi, who took over from Hu Jintao last week, will visit Russia, Tanzania, South Africa and Congo from March 22 to March 30, according to the official Xinhua News Agency. Rising Chinese investments in Africa will continue, Stephen Priestley, the bank’s head of origination and client coverage for the continent, said in an interview in Beijing yesterday.