China will increase investment in Africa, says Standard Bank

Standard Bank estimates China’s investment in Africa will reach $50 billion by 2015.

China will increase investment in Africa, says Standard Bank
Seorus Simpson, director of Standard Bank’s debt products group in Asia

According to South Africa-based Standard Bank, mainland China maintained its position as Africa’s largest trading partner in 2010. Standard Bank, in which Industrial and Commercial Bank of China ICBC has a 20% stake, estimates the value of mainland investment into Africa will increase to $50 billion by 2015. It also anticipates China-Africa bilateral trade will reach $300 billion in 2015, more than double that of 2010.

“As the production capacity of Africa’s traditional trading partners...

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