China to double Zambia investment in 2011

Reuters, Thursday 20 Jan 2011

Chinese investments in the African nation will exceed $2.4bn, compared to $1bn invested in 2010

Chinese investment in Zambia is expected to more than double to $2.4 billion in 2011, driven mainly by investments in mining and manufacturing, the southern African nation's trade minister said on Thursday.

"By the end of this year, Chinese investment in Zambia should be able to reach $2.4 bn," Felix Mutati said in a statement.

The investment would equal about 20 per cent of Zambia's economy, according to the World Bank data.

Chinese direct investment in Zambia exceeded $1 bn in 2010 and created more than 15,000 jobs, Zambia's vice president said this month.

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