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Chinese demand for commodities ‘still strong’, says Standard Bank

Posted on 15 October 2013

China’s economy might be slowing, but its demand for Africa’s commodities will continue, offering significant opportunities to banks operating on the continent. The best prospects are in providing financial services to facilitate development in oil and gas, mining, and power and infrastructure, according to Standard Bank corporate and investment banking CEO David Munro.
Though some economists have warned that a slowdown in China’s economy and the subsequent reduction in its demand for commodities could hit resource-rich Africa hard, Mr Munro disagrees………………………………………..Full Article: Source


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