China to Africa part 2
I have commented before on this blog about the Chinese colonisation of Africa. International and Commercial Bank of China (ICBC) which is the largest Chinese bank is working with Standard Bank, the largest bank in Africa in which ICBC has a 20% stake, to look for acquisition targets in African oil and gas, telecommunications, base metals and power sectors. Beijing expects trade with Africa to reach $100bn by 2010.
I'm looking forward to a day at Glorious Goodwood tomorrow and hope that the weather will be better than my last expedition there when it was so cold that I had to invest in a pashmina at the course. I shan't see my old favourite, Henrythenavigator, who won the Sussex Stakes on Tuesday but expect some fun nevertheless.