China’s growth is set to slow further after expanding nearly seven percent last year.
This has taken a toll on countries dependent on energy exports to China like Nigeria. Nigerian President Muhammadu Buhari is on a five-day trip in Beijing to talk trade.
In 2015, trade between the two amounted to about $15 billion. During that year, Chinese investments into Nigeria reached $2.5 billion.
Now, Nigeria has been trying to diversify its economy and depend more on services.
CCTV America’s Michelle Makori spoke to Henry To, chief investment officer at CB Capital Advisers.