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.
The Beijing-Accra axis, which dates back to the heady Independence
days of President Kwame Nkrumah's Ghana, is an important
one for both sides. Beijing wants a strong economic re...
India's ministers predict that trade with Africa will hit
US$100 billion, but it will take many more deals and deeper import
and export diversification
Over the next five years, New Delhi expects India's trade with
Africa to reach US$100 billion - despite the global economic slowdown.
In an upbeat analysis of relations with Af...
