China Development Bank has opened a branch office in Cairo, according to Egypt’s Al Masry Al Youm. The article suggests the bank will help fund development projects in Egypt and, possibly, Africa. This is the first time I’ve heard of the bank opening a branch in the Arab world. But it is certainly consistent with the growing debate in China about establishing a “Marshall Plan” for the emerging markets. It also underscores the growing role the Middle East is playing as China’s springboard into Africa, either through Cairo or Dubai.
China Development Bank sets up shop in Cairo
Silk Road Gallery
Canton Trade Fair
August 12th, 2010
August 12th, 2010
“China cheat sheet helps investors survive”, Bloomberg, September 1, 2010
“No more silver bullets for Beijing”, Wall Street Journal, June 17, 2010
“China’s historic return to the Gulf”, Foreign Policy, April 2, 2010

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