Cairo/Abu Dhabi: China is expected to lend Egypt’s central bank $1 billion to help shore up its foreign reserves during a visit by the Chinese president Xi Jinping this week, Egypt’s ambassador to Beijing said in comments to the official MENA news agency late on Sunday. Chinese President will arrive later this week. Egypt also received $1.5 billion in foreign direct investment (FDI) in the first quarter of the 2015-16 fiscal year that began in July but expects a bigger inflow later in the year, Investment Minister Ashraf Salman said on Monday. “I am bullish in the second half we will see more FDI flow in the country,” he said on the sidelines of a renewable energy summit.