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Vol 3 (AAC) No 2

Published 1st December 2009

World Bank to link Africa and Asia

World Bank President Robert Zoellick's plan to bring the Asian hyper-economies into the international development community is now bearing fruit. On 3 December, Zoellick told London's Financial Times that Chinese Commerce Minister Chen Deming showed 'not only willingness but strong interest' in 'moving some of the lower-value manufacturing facilities to sub-Saharan Africa.' The move is in the same vein as the US$500 billion Chinese 'Marshall Plan' promoted by former deputy tax administration head Xu Shanda in August (AAC Vol 2 No 10).

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