Chinese Take a Turn at Turning a Sub-Saharan Profit – Lydia Polgreen

From the New York Times:

China, it seems, is suddenly everywhere in , not just in oil-rich states. Trade between and China has almost quadrupled since 2001, and last year reached almost $40 billion.

Its presence is certainly greatest in the resource-rich countries like Nigeria, Angola and Sudan (where its role has been criticized as contributing to the crisis in Darfur).

But China’s growing presence is also manifest in less obvious spots. In Sierra Leone, Chinese companies have built and renovated hotels and restaurants. In Mozambique, Chinese companies are investing in soybean processing and prawn production. At the African Union summit meeting in Banjul, Gambia, last month, the Chinese delegation dwarfed the ones sent by France, Britain and the United States. [Full Text]

See also Beijing goes hunting for a continent’s wealth by the Sunday Times and China’s African affair by Financial Times



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