Category: Economy
Mugabe Critic: Zimbabwe's 'Old Friend' China Is Bleeding It Dry
Harare-based economist and columnist Vince Musewe doesn't mince words in his criticism of Zimbabwe's growing financial dependence. Beijing is 'bleeding Zimbabwe dry' through loans and Musewe says enough is enough. He is calling on Robert Mugabe's government to come clean and reveal the secret ...
China-Africa Trade May Be Booming, but Big Problems Loom
Trade between China and Africa will break another new record this year as it's expected to top $200 billion. As trade continues to grow, officials from both regions frequently point to these figures as evidence of steadily improving ties. However, Beijing-based attorney Kai Xue ...
The China-Africa Honeymoon Is Over
There is a growing sense among Africans and Chinese alike that their once heady romance is now entering a new, more pragmatic phase. Across Africa, people and politicians are becoming visibly more concerned about the surging trade deficits, massive loan debts, persistent labor rights ...
New Era of Chinese Manufacturing in South Africa Begins
South African president Jacob Zuma personally oversaw the opening of the First Automative Works (FAW) factory in Port Elizabeth, China's single largest investment in the country. The new production facility comes at an opportune time for South Africa as BMW, GM and other car-makers ...
China Fast Becoming South Africa's New Best Friend
No where in Africa is China's engagement more comprehensive than it is in South Africa. China Inc. has set up shop throughout SA for manufacturing, finance and as the continent's valuable consumer market. In turn, South Africa is now becoming so reliant on its ...
China's Trade Unions Think They Can Help Africa
It's a bit counterintuitive to think that a country supposedly run by a communist workers party would be so hostile to labor unions, which is the case in China. Although there are no independent Chinese unions and the few official unions there are do ...
Chinese Companies' Labor Dilemma in Kenya
By Zhicong DENG, Legal Fellow at China House Kenya. This article was provided to CAP in partnership with the China-South Dialogue. “The workers went on a strike a few days ago with the ...
China's Most Famous Economist Has a Few Suggestions for Africa
In the staid world of economics, Justin Yifu Lin is the closest one comes to being a bonafide celebrity. Lin is the former chief economist of the World Bank and, more importantly, among the lead architects of China's three-decade-long economic renaissance that has produced ...
The Chinese "Invasion" of Africa's Informal Economy
Tens of thousands of independent, small-scale Chinese merchants are "invading" Africa's informal economy, posing a long term economic risk for the continent according to University of North Carolina professor Margaret C. Lee. Professor Lee joins us this week to talk about the pressure African ...
Former Kenyan PM: Africa Must Set Terms of China's Engagement
Former Kenyan Prime Minister and current MP Raila Odinga addressed a full house plus overflow at the Woodrow Wilson Center in Washington, D.C., Tuesday, June 18. Odinga’s talk addressed many issues including Chinese involvement on the continent as well as Africa’s role in the world economy and the advancement ...