22 April 2011

China in Africa ~ Economist Spots Trade & FDI...

The Economist Daily Chart spotlights Chinese in Africa...
"Business is booming in Africa thanks mostly to the Chinese. Trade between the two surpassed $120 billion in 2010, and in the past two years China has given more loans to poor, mainly African countries than the World Bank. [...] 14% of China’s investment abroad found its way to sub-Saharan Africa. This has brought increased employment and prosperity to the region, but also allegations of damage to local businesses, corruption and the hoarding of natural resources."

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