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Vol 2 (AAC) No 3

Published 1st January 2009


Another new world order

Beijing's trade and investment in Africa will continue to grow despite a few credit-crunch casualties

Like every other major economy, China is reassessing its priorities, and worrying about unemployment and falling market demand. Beijing's policymakers will therefore concentrate more on domestic economic growth and spend less time winning hearts and minds in Africa with shows of developmental largesse. However, this is a tactical twist rather than a strategic change.

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