China Challenges U.S., Europe in African Push – Frederick Kempe

From Bloomberg:

One cannot escape the relentless Chinese economic invasion of Africa even here in the South African bush, where business and political leaders gathered at the Tswalu Kalihari Reserve to track lions, zebras and global trends.

With a ring of crackling fire holding insects at bay inside our boma, a converted nocturnal cattle enclosure, a South African energy executive describes how Chinese competitors undercut his bid for a power project in Namibia by using engineers of similar skill at half the price. Yet Chinese influence can be beneficial as well: He has formed a joint venture with a Chinese partner that is getting close to completing deals of far greater magnitude. [Full Text]

Frederick Kempe is president of the Atlantic Council.


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