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Djibouti Signs Trade, Banking Deals to Deepen Ties with China

Djibouti's president has signed agreements with China to set up a trade zone and establish a legal framework to let Chinese banks operate in the tiny Horn of Africa nation, the latest move to deepen ties with Beijing. China said last year that its military was in talks to build logistics facilities in Djibouti, a country of 876,000 people which wants to build up its role as an international port and already hosts U.S. and French military bases. The free zone for trade and business...

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