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Vol 7 (AAC) No 2

Published 1st December 2013


A trillion-dollar promise

Chinese officials are still bullish about Africa but the IMF worries that the continent’s export growth will weaken as investment in China drops off

Despite talk of slower growth and less investment in China over the medium term, Chief Country Risk Analyst at the Export-Import Bank of China Zhao Changhui predicts that his bank and other investors will provide investments of up to US$1 trillion between now and 2025. China has about $3.5 trn. in reserves but Zhao says that China Exim Bank will supply about 70% of the $1 trn. sum.

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