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Chinese companies are involved in about 12 percent of the estimated 0 billion a year manufacturing activity in Africa, while they may account for up to 50 percent of Africa's internationally contracted construction market.
Chinese companies that have business dealings with Facebook Inc saw their shares surge on Wednesday after the United States-based social networking heavyweight confirmed it has set up a local unit.
Chinese investment in the UK is win-win. After four decades of British investment in China, in which British Petroleum, Unilever, GSK and other trailblazers made important contribution to China’s economic and social progress, investment has gone from a one-way street to two-way traffic. Britain is China’s second largest source of investment, as well as the second largest investment destination in Europe. From the ABP Royal Albert Dock on the Thames to the North Sea oil field in Scotland, Chinese investors are working for British economic growth. The companies involved, while benefiting in terms of technology, expertise and market, have in return contributed to the UK’s economic and social development through tax revenue and job opportunities.
Chinese investment in commercial property in the United Kingdom has fallen by more than 70 percent this year, according to new data, with analysts attributing the drop to the control of capital outflows from China and uncertainty over Britain’s pending exit from the European Union.
Chinese banks made 12.09 trillion yuan (.72 trillion) in new yuan loans in the first half of this year, and loans for SMEs rose by 25.4 percent from a year earlier, the PBOC reported. The central bank earlier announced a plan to purchase some small business loans and suspend payments of interest and principal of SME loans.