Posted on 04/22/2011 5:33:15 AM PDT by AfricanChristian
Chinese investment in Africa is set to see a marked pick-up over the next five years, according to a report from EM specialist Renaissance Group.
‘Our assumption is that trade, lending and investments over 2011-2015 will be closer to the high figures seen in 2008 than either the years before that or in 2009. China is likely to further advance its leading position as Africa’s main trading partner,’ revealed Charles Robertson, the firm's global chief economist and head of macro-strategy, in a new report.
(Excerpt) Read more at citywire.co.uk ...
Nothing like Communists having a Five-Year Plan
More proof that, if you still support Free Trade with Communist China, you’re a Communist
Wonder what the Commie Chinese Five-Year Plan is for America?
This’ll be interesting.
China’s five-year plan for America? Well ... we know where the plan will be in 2030 —
http://www.youtube.com/watch?v=hv0lrMrKa60
Huh. I never saw the first few seconds of that ad. I always assumed it was set right now...
Let the Chinese pour their money into the infinite cesspool that is Africa. Their short term gains will be lost by the huge costs of disease, strife, and bitterness carried back home.
Should work out just about as well as “The Great Leap Forward.”
The Chinese are re-colonizing Africa. They have plans of settling hundreds of millions of Chinese there, because they avoid hiring locals.
You are clearly not intellectually inquisitive enough to appreciate the diversity and potential of Africa. You are simply rehashing warmed up stereotypes of Africa perpetuated by decades of lazy journalism.
Americans (especially conservatives) have little interest in Africa. As an African, I respect and understand that. However, what we cannot tolerate are ignorant dismissive smug remarks about Africa, China and the Chinese strategy for doing business in a diverse and complex continent. Three topics which you neither have any real interest in nor do you understand.
You may be better than the Chinese, but the Chinese seem to have a better understanding of the World, its potential and how to engage with it than you do. Your nation is wasting billions of dollars to install Islamist regimes in Iraq and Afghanistan whilst the Chinese are investing strategically. You are wasting billions in aid to Africa, while the Chinese are building special economic zones in preparation for their transition to manufacturing higher value goods.
Right at your door step, the Chinese are gradually gaining ground in Latin America.
These are still early days. We’ll talk again in twenty years, hopefully.
Pop quiz: There are 53 nations in Africa, how many of these nations are at war?
You may be right and someday we all may be ordering Sweet and Sour Bush Meat and Refried Dung Beetles at our favorite Chinese restaurant.
Quote
‘Although the bigger state-owned Chinese enterprises dominate the headlines with large-scale infrastructure and resource-related deals, the most dynamic sector of Chinese investment in Africa is private entrepreneurs investing in manufacturing and assembly plants across the continent.’
He added: ‘Chinese investment in Africa may echo the domestic Chinese investment story, in which the private sector eventually outpaces the state sector.’
The article misleadingly suggests that Chinese entrepreneurs are driving investment in Africa, and then backtracks, admitting that Chinese government boondoggles predominate. I think the real problem with the article is that it does not distinguish between Arab Africa and South Africa - which comprise 60% of Africa’s GDP - and the rest of Africa. What is the dollar value of Chinese investments in Arab Africa and South Africa, compared to that invested in the rest of Africa? Having said that, I’ll agree that we’ve wasted about a trillion dollars by using our military to carry out social work in Iraq and Afghanistan when simple punitive expeditions would have made our point (i.e. attacking or sponsoring attacks on Uncle Sam is an unwise policy) a lot more economically. At the same time, let me point out that unlike China, even if we hadn’t spent that money, it wouldn’t have shown up in the form of American-funded African infrastructure projects. If anything (i.e. faster growing economies, more stable political climates, et al) comes of China’s attempt to reconstruct and improve upon the colonial-era infrastructure in Africa, we will be glad to free-ride upon Chinese investments, much as the Chinese are free-riding upon our Marshall Plan investments in Europe. We will sell iPads, Buicks, Movados and Coach bags to Africans just as readily as we’ve sold them to the Chinese.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.