Just a few weeks after visiting Chinese premier Li Keqiang admitted that China was going through “growing pains” in its engagement Africa, Beijing’s central bank chief, Zhou Xiaochuan, acknowledged some of the 2,500 PRC companies operating in Africa are behaving “not so good, not so satisfactory.” Zhou made the comments after signing a landmark $2 billion financing deal with the African Development Bank in what seemingly appears to be a new, more humble diplomatic approach to its foreign policy engagement on the continent.
Here are some of the articles that we referenced in this week’s episode:
- Financial Times: China’s central bank chief admits difficulties with Africa
- Blouin News Blog: China digs a little deeper, and cleaner, into Africa
- Business Day Live: Chinese fund to increase development aid to Africa
- New Vision (Uganda): China opens multilateral approach to Africa with $2 billion fund