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More Chinese footwear firms eye Africa

18/06/2013

The China-Africa Business Council (CABC) and the China-Africa Development Fund have launched a $1 billion fund to boost commercial ventures in Africa, particularly in the footwear and textile sectors. Zheng Yuewen, chairman of CABC, which represents more than 550 Chinese companies in Africa, told media agency Xinhua that Chinese companies will...

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