• <strike id="q0iu2"></strike>
  • The Annual Shale Gas Technology & Equipment Event
    logo

    The 16thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 25-27,2026

    LOCATION :Home> News > Industry News

    China Urged to Up Investment in African Lenders

    Pubdate:2012-07-12 11:07 Source:lijing Click:

    One of Africa's leading bankers has called on Chinese banks to increase their shareholdings in their counterparts on the continent.

    Jean-Louis Ekra, president and chairman of the board of directors at the African Export-Import Bank, said that although China's economy is slowing down, its growth rate is still at an enviable level compared with those of other large economies.

    Speaking at a media briefing in Beijing, where he was holding talks with shareholders, Ekra said it is important that China continues to support growth in Africa by increasing trade ties and cooperation opportunities.

    But he described the current shareholding of Chinese banks in African lenders as "limited", and added that he hoped in the future there would be increased shareholdings made, as China and Africa continue to develop mutual economic ties.

    China became Africa's largest trading partner in 2010, and financial services provided by Chinese lenders to facilitate trade and investment in Africa are "beneficial" for the continent, Ekra said.

    The amount of trade between China and Africa reached $160 billion in 2011, an increase of 28 percent from the previous year, according to data released by the Ministry of Commerce.

    African exports to China increased by a third last year, from $67 billion in 2010 to $93 billion.

    African goods now account for more than 5 percent of China's total imports, up from 1.8 percent in 2002.

    The continent provides China with 30 percent of its tobacco, 25 percent of its pearls and precious metals, 20 percent of its crude oil and cocoa, 10 percent of its ores, and 5 percent of its iron and steel.

    In contrast, African exports to advanced economies are still at 2008 levels and are only growing slowly, said Jeremy Stevens, a researcher at Standard Bank Group Ltd.

    Ekra added: "It is clear that Africa's traditional partners are experiencing some financial difficulties, and so it's important for Africa to rely more on the financial sector of countries like China to continue to grow."

    The Export-Import Bank of China, one of the country's major lenders, holds about 2.5 percent of African Export-Import Bank's shares.

    In 2008, the Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, acquired a 20 percent stake in Standard Bank, Africa's biggest lender by assets.

    The South Africa-based bank said in March that it will strengthen strategic cooperation with ICBC this year.

    While a moderation in Chinese growth will have a more widespread effect globally, Africa will be the hardest hit because of its dependence on commodity exports to China, according to Stevens.

    "Clearly, Africa is gaining market share. But, much like Africa's exports to other partners, African exports to China are primarily raw materials," he said.

    "Risks are sitting in the economic system, and they are now threatening to cause turmoil in the Chinese financial system.

    "Africa definitely has to pay particular attention to these developments."

    国产精品福利在线播放| 奇米精品一区二区三区在线观看| 亚洲AV无码之国产精品| 国产精品美女一区二区三区| 久久久精品日本一区二区三区| 日韩精品无码人成视频手机| 精品无码国产一区二区三区麻豆| 亚洲色精品三区二区一区| 99亚洲精品高清一二区| 精品无码国产污污污免费网站| 国产情侣大量精品视频| 免费视频精品一区二区| 日韩成人免费视频播放| 无码日韩精品一区二区免费暖暖 | 亚洲欧美日韩一区二区三区| 久久精品国产99久久久古代| 日韩精品视频一区二区三区| 久久久久亚洲精品成人网小说| 久久国产成人精品麻豆| 国产精品综合色区在线观看| 中文精品99久久国产 | 日韩精品一区二区三区中文精品| 国产剧情精品在线观看| 四虎影视精品永久免费网站| 国产精品入口麻豆电影网| 91精品国产亚洲爽啪在线影院| 久久久精品2019中文字幕之3 | 国产精品女主播自在线拍| 69SEX久久精品国产麻豆| 青娱分类视频精品免费2| 国产精品美女久久福利网站| 精品少妇人妻AV一区二区| 久久91亚洲精品中文字幕| 久久精品国产亚洲AV果冻传媒| 久久国产精品最新一区| 久久99热精品免费观看动漫| 日产精品一线二线三线芒果| 在线观看91精品国产入口| 久久精品国产99国产精品导航| 日韩免费一区二区三区在线播放 | 亚洲精品国产成人影院|