China | - Part 4

Oil recovers some losses but the impacts continue

Lagos, Nigeria, Capital Markets in Africa — Crude oil prices recovered some losses last week, with Brent crude ending at US$32.18/bbm after falling to a 12-year low of US$27.88 on Wednesday. Prices still remain down YTD (Brent down 15% and WTI down 18%). The chairman of Saudi Arabia’s state oil company has recently commented that the collapse below US$30/bbm is “irrational” and that prices would be higher by the end of 2016. However, the sustained…

Nigeria-China Trade Volume Rises to USD 23.5bn

Posted on by The Editorial Team

Lagos, Nigeria (Capita Markets in Africa):- Nigeria’s bilateral trade with the Peoples’ Republic of China has risen to about USD 23.5bn from a mere USD 3.4bn in 2009, according to the Nigeria-China Business Council (NCBC) and reported by ThisDay Live Nigeria. The NCBC told reporters that over the years, it has managed to help nurture bilateral trade relations between Nigeria and China and in the process grow trade between the countries more than five-fold. It…

Equatorial Guinea agrees multiple investments with Chinese companies

Posted on by The Editorial Team

During a historic visit to China the Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy , has announced the signing of multiple memorandum of understanding on April 30 with Chinese companies covering large areas of cooperation in the electricity and industrial sectors. The agreements were made during the Equatorial Guinea-Asia Economic Forum, hosted by the Government of Equatorial Guinea at the Shangri-La Hotel, in Dalian. The economic forum was organized…

Moody’s ASIA PACIFIC Economic Outlook

Posted on by The Editorial Team

China’s data for the first two months of the year were fairly dismal. Most activity indicators suggest that there are large downward pressures on the economy, which means that the government will need to ease measures if it is to keep the economy growing close to its target. Industrial production grew just 6.8% y/y in the first two months of the year, down from a 7.9% increase in December. This was due to further weakness…

China to invest in Africa’s mega infrastructure projects

Posted on by The Editorial Team

The African Union and China have recently agreed to on an ambitious transport infrastructure blueprint, aiming to link the capitals of all 54 states of the African continent via motorways, rail and air links. Promoting the development of a mature system of transport infrastructure in Africa will be extremely beneficial to China, guaranteeing it access to natural resources and markets on the continent, Chatham House Asia Program Associate Fellow James Edward Hoare told Sputnik on…

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