Sep 20, 2011

The Chinese in Zambia


"Lusaka has recently become the first African city to offer Chinese currency banking services. The city's Bank of China branch now handles counter deposits and withdrawals in yuan.
In the last 10 years... Sino-Zambian trade has really taken off, growing from just $100 million in 2000 to $2.8 billion last year... Beyond mining and manufacturing, there is also growing Chinese presence within Zambia's retail sector, from imported textiles and electronics, to chickens farmed locally and sold in city markets. The country is also home to two of China's six African Special Economic Zones."

Zambia is having elections today...

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