www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Africa becoming hot destination for investment

By Li Jiabao, Du Juan and Zhang Zhouxiang (China Daily) Updated: 2014-02-25 07:29

The acquisition of a London-based lender will offer a platform for growing trade and investment in African nations, report Li Jiabao, Du Juan and Zhang Zhouxiang

Industrial and Commercial Bank of China Ltd announced on Jan 29 it had reached an agreement with Standard Bank Group Ltd on acquiring a 60 percent share in Standard Bank Plc, a London-based entity that trades currencies, commodities, stocks and bonds, for about $750 million.

Africa becoming hot destination for investment

Africa becoming hot destination for investment

Africa becoming hot destination for investment
ICBC, a 20 percent shareholder of SBG, wants to use the business to focus on money flows between China and Africa, as well as in other emerging markets.

Jiang Jianqing, chairman of the Chinese bank, said an increase in commodities trading and the consequential need for hedging arose from a rapidly developing Chinese economy, and that such financial reforms as the liberalization of interest rates and foreign exchange rates, and the opening up of capital markets raised demand for transformed service capabilities and business models for Chinese banks.

ICBC, also the world's most profitable lender and largest bank by assets, is not alone in extending its reach to the African continent, which has become a hot investment destination for Chinese businesses.

As the trade imbalance between China and Africa looks unlikely to change in the short term, China's increasing investment there is expected to bring benefits to both sides, experts said.

"In the future, China will not only expand trade with Africa but also increase investment in the continent," said Li Wentao, a researcher at the Institute of African Studies at the China Institutes of Contemporary International Relations.

"Chinese businesses will co-develop with locals and set their roots locally."

He said that while bilateral trade remains at a modest level, Chinese investment in Africa will increase local employment while relocating China's excessive industries to ease overcapacity at home.

Li added that while the trade imbalance probably won't change in the near term, boosting the number of Chinese manufacturing businesses on the continent, as well as speeding up technological transfers, will "greatly advance Africa's industrial upgrading and bring about true benefits".

"Chinese enterprises have intensified their efforts in exploring African markets, and China's investment in Africa will remain robust. The rapid growth momentum of China-Africa economic ties will surely not change," Li said.

Don't miss:

Africa becoming hot destination for investment

Africa becoming hot destination for investment

Africa becoming hot destination for investment

Top 10 trading partners of the Chinese mainland

China's top 10 richest cities

Top 10 overseas travel destinations for Chinese riches

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 一级色| 91无套极品外围在线播放 | 亚洲永久免费 | 呦视频在线一区二区三区 | 免费一级a毛片 | 欧美综合图片一区二区三区 | 亚洲永久免费 | 欧美大片欧美毛片大片 | 日本精品视频一区二区三区 | 18视频免费网址在线观看 | 国产真实乱子伦xxxxchina | 国产欧美日韩精品高清二区综合区 | 亚洲精品在线网 | 国产大乳孕妇喷奶水在线观看 | 国产视频自拍偷拍 | 亚洲国产高清在线精品一区 | 97公开免费视频 | 最新步兵社区在线观看 | 在线观看国产一区 | 国产大陆亚洲精品国产 | 久久精品国产亚洲欧美 | 一本久久精品一区二区 | fefe66免费毛片你懂的 | 久久久久国产精品美女毛片 | 日韩欧美一级a毛片欧美一级 | 特级欧美视频aaaaaa | 免费视频亚洲 | 一级做a爰片久久毛片唾 | 免费一级片网站 | a级做爰视频免费观看 | 亚洲大片免费 | 国产成人久久精品一区二区三区 | 男女男精品视频网站 | 久草福利在线观看 | 看性过程三级视频在线观看 | 成人做爰视频www网站 | 久草免费福利视频 | 亚洲精品高清视频 | www.xxx.国产 | 欧美午夜免费一级毛片 | 精品国产免费人成在线观看 |