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Archive for 9. November 2009
China Woos Africa — And Not Just For Its Resources
9. November 2009 by Dan Walkow, CFA, CMT.
Talk about long-term strategic planning! China is paying special attention to Africa. They are positioning for the next great consumer growth market after India.
China good will, financial support and investments in Africa garner access to vast raw materials, such as metals, energy and other materials on the one hand while at the same time building business ties to sell Chinese products to the growing African middle and upper class.
TIME has a piece that covers it well and supports the view that China is a strategic powerhouse out in front of most other countries. See it here.
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