China’s Hunan Dakang International Food and Agriculture Co, which has acquired controlling stakes in two Brazilian soy companies, is next looking to enter the beef business in the country, its chairman told Reuters on Wednesday.
Former Governor of Abia State, Dr Orji Uzor Kalu, says Chinese farmer is worth $7.9billion and supplies chicken, vegetables and fruits to fast food, restaurants and eateries in China, which he is looking to replicate in eastern Nigeria.
The official visit of Chinese President Xi Jinping to Laos will boost the business ties between the two nations. Agriculture is one of the main sectors targeted by Chinese investors in the neighboring country. Xi will visit the country from Monday to Tuesday.