Djibouti president holds talks with Chinese business delegation

Djibouti President Ismail Omar Guelleh over the weekend held talks with a delegation of Chinese businessmen led by renowned international economist, Prof. Justin Yifu Lin.

The latter currently heads the Center For New Structural Economics that he founded himself. The center which is based at the Peking University, serves as a laboratory for expertise on matters of economic innovation.

In a press statement that was issued after the meeting, Djibouti's Government Spokesman Mahmoud Ali Youssouf said the two parties discussed about identification of potential industrial and economic projects in Djibouti.

He further noted that Lin's presence in Djibouti was aimed at reinforcing economic partnership between Djibouti and China.

The Center For New Structural Economics studies determinants of a country's economic structure, including technology, industry and infrastructure.

China which has already invested heavily in infrastructure projects in Djibouti, especially ports, airports, railways and pipelines, has in recent years considerably reinforced its position as Djibouti's number one economic and trading partner. Endit