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Vol 6 (AAC) No 3

Published 1st January 2013

Year of the Snake

Demand for natural resources will ease as China focuses more on internal politics while moving towards consumer-led growth and management of political risk

The year 2012 was a tumultuous one, as might be expected from a Year of the Dragon. However, while the run-up to the Chinese leadership transition was nothing if not controversial, President Hu Jintao and Wen Jiabao’s passing of the baton to Xi Jinping and Li Keqiang was smoothly done. The Xi-Li government is unlikely to signal any dramatic changes for China’s African relations. Xi met frequently with African leaders during Hu Jintao’s presidency and therefore has a firm grasp of the relevant issues.

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