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China's investment in Africa falls in H1, remains stable in long term: MOC

Xinhua, November 17, 2015 Adjust font size:

China's investment in Africa collapsed in the first half of this year, but may remain robust in the long run, according to the Ministry of Commerce (MOC) on Tuesday.

China's direct investment in Africa stood at 1.19 billion U.S. dollars in the first six months, falling over 40 percent year on year, said MOC spokesperson Shen Danyang.

The investment slowdown is due to the slack global economic recovery, international commodity price fluctuations and the Ebola outbreak, Shen said.

China's investment in Africa will keep growing in the long run as the country aims to invest a total of 100 billion U.S. dollars by 2020, Shen said.

China will continue investment programs in Africa according to market potential, business environment and bilateral industrial development demands, Shen added. Endi