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China Eyes Industrial Bases in Africa

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CHINA'S MARSHALL PLAN
"The World Bank and Beijing are in discussions about setting up low-cost factories in new industrial zones in Africa to help the continent develop a manufacturing base and reverse its declining share in global trade," according to the Financial Times. "Chinese officials and academics have been debating in recent months proposals to use the country’s vast foreign exchange reserves to try to stimulate demand in developing countries – ideas sometimes referred to as “China’s Marshall Plan”."
SOURCE:   Financial Times

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