Tag: China

Chinese director hints Nigeria to exploit China’s $22trn market

Umar Suleiman
China

Chinese director hints Nigeria to exploit China’s $22trn market     Nigeria stands a good chance to exploit massive economic benefits from China’s $22 trillion market if the country could implement certain policies and infrastructure development programmes. This assertion was made on Tuesday in Abuja by Charles Onunaiju, the director, Centre for China Studies (CCS) at the 50th anniversary of the Nigeria-China diplomatic relations with the theme ‘Nigeria-China at 50: Reflections and the way forward’. He noted that the Belt and Road Framework of international cooperation between Nigeria and China…

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IMF lowers China’s growth in 2021; warns of financial dangers

Omobayo Azeez
use of cryptocurrencies

IMF lowers China’s growth in 2021; warns of financial dangers   The International Monetary Fund (IMF) on Friday lowered its 2021 growth forecast for China to 7.9 per cent, following a year of “significant human and economic costs” inflicted by the Covid-19 crisis. The figure is slightly below the 8.2 percent the IMF earlier predicted, although China has been pegged as the only major economy likely to expand in the face of the coronavirus. Also, China urgently needs to take steps to contain financial stability risks as the economy’s recovery…

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