Economic slowdown in China, low copper price, worries Zambia

Lusaka – Zambia is worried about the economic slowdown in China, a key consumer of its copper, a senior official said on Wednesday.
Secretary to the Treasury, Fredson Yamba, told reporters in Lusaka the country expected a further decline in revenue due to sharply lower prices for the commodity.
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“We are worried because China is one of the major consumers of our copper.
“We had anticipated that copper prices would decline but not to these levels; my take is that the revenue is going to decline further,” Yamba said. (Reuters/NAN)