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Showing posts from July 1, 2017

CHINA: Push into Africa seen as a scramble for state funds The evolving China-Africa relationship is not monolithic, but conducted by multiple players with different agendas. On the one hand, there are 54 African countries and, on the other, various Chinese banks, state-owned enterprises, provincial governments, private companies and individuals. “When you look at what China is doing in totality you see chaos, not coherence,” says Minxin Pei, a Chinese scholar, who rejects the idea of a grand Chinese strategy for Africa. Uwe Wissenbach, an expert on Chinese projects in Africa, also cautions against the idea of a Beijing “master plan”. The construction of the $4bn railway from Mombasa to Nairobi was Kenya’s idea rather than China’s, he says. Even though the railway may be extended to Uganda and possibly Rwanda, it is not a Beijing strategy to link east Africa. Rather, it was an opportunistic bid by state-owned China Road and Bridge Corporation for a lucrative contract, he says. T

Chinese investment in Africa: Beijing’s testing ground The country’s politicians, lenders and businesses eye opportunities for growth and greater geopolitical influence Share on Twitter (opens new window) Share on Facebook (opens new window) Share on Whatsapp (opens new window) 49 Save JUNE 13, 2017 by: David Pilling Listen to this article Pause 03:57 11:46 Powered by FT Labs Text-to-Speech Find more articles to listen to On Pate Island, off the coast of northern Kenya, there are light-skinned Africans with Chinese features, fragments of ancient Chinese porcelain, and even a place named “New Shanga”. All lend weight to a local story that shipwrecked sailors from the fleet of Zheng He, the 15th-century Chinese explorer, settled on the island many years before Columbus set foot in the US. Whether or not there are descendants of the great Chinese helmsman’s crew in Kenya, records show that huge ships reached the

HK’s role for next 20 years? Silk Road ‘super-connector’ CHINA HONG KONG It doesn't have to be part of Xi's Chinese Dream if it doesn't want to, but Hong Kong remains ideally positioned to provide much of the glue in a China-led globalization 2.0 By  PEPE ESCOBAR JULY 1, 2017 10:41 AM (UTC+8) 44 2   It was 20 years ago today. Oh, those were heady, exciting days, informally regulated by a clock in Beijing’s Tiananmen counting even the seconds left for Hong Kong’s return to the motherland.     They were ominous days, too. At the Foreign Correspondents Club in Hong Kong, temporarily propelled to the center of the universe, booze-driven Western journalists sketched Apocalypse Now scenarios for the ultimate crossroads of East and West.    The endgame turned out to be the proverbial anti-climax. No border invasion. No mass arrests – not even one arrest. No currency crash (that in fact would happen to the Thai baht, a day later). No newspaper shutdo