Showing posts with label markets. Show all posts
Showing posts with label markets. Show all posts

Tuesday, September 4, 2012

How China's Approach Beats the West's in Africa





Introduction: Stephan Richter in this piece puts forward compelling arguments you can hardly dispute. China's increasing involvement on the continent is analysed and Richter hit the right punches and delivered a well written article that is easy to read, yet brilliant.
                                                   
U.S. Secretary of State Hillary Clinton's recent 10-day tour across Africa represented a strategic caving-in of sorts. In many of the places she visited, the Chinese had gotten there first. In fact, China is everywhere in Africa these days, both exploiting the continent's vast natural riches and pursuing infrastructure projects long promised but never quite delivered by the West.