China
lays out US$ 1 billion investment in Nigeria
The
China Civil Engineering Construction Corp (CCECC) has announced plans for
Nigeria that involve building a cement factory, modernizing the Tin Can Port,
launching a sawmill factory, and developing various other projects which are
estimated to cost US$ 1 billion. The Chinese firm wishes to elevate its
presence in the African country from being a construction company to being an
investor. CCECC President Yuan Li said commercial production of its cement
factory for the Nigerian market will start soon.
China, the world’s 2nd largest
economy, continues to be the most important market for companies looking
for growth and Chinese companies continue to globalize by investing and selling
their products in new markets; what is your company’s strategy for
engaging China?
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Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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