A Chinese backed housing project on the outskirts of the Angolan capital Luanda is among the many projects in Africa. Photo: Alamy
Sino-African relations: Chinese private sector becomes more active in trade
Last year saw a 106 per cent jump in projects from China, which also committed a US$700m loan to the National Bank of Egypt, while planning US$15 billion of investments in Egyptian infrastructure initiatives
A Chinese backed housing project on the outskirts of the Angolan capital Luanda is among the many projects in Africa. Photo: Alamy