Tanzania eyes Hong Kong money men as it touts itself as place Chinese businesses can use to dodge trade war tariffs.

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Sep 27, 2011
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- Ambassador Mbelwa Kairuki highlights strong relationship with China based on Belt and Road Initiative

- Hong Kong has been ‘overlooked’ in the past, but that could change as African nation looks to raise funds for capital projects

Tanzania’s ambassador to China has touted the African nation as a place Chinese manufacturers can be based as a way to dodge any tariffs imposed because of the trade war with the United States.
Mbelwa Kairuki made his remarks during his first formal visit to Hong Kong on Thursday, and said there are “unique advantages” to dealing with China via the city.
Highlighting the decades-long relationship between China and Tanzania, which has been strengthened by the Belt and Road Initiative, the ambassador said his country was keen to take advantage of Hong Kong’s position as an international financial centre, something he said had been overlooked in the past.


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