Wednesday, May 12, 2010

Chinafrica (28) Watching for PRC Influence in Africa

ET China Defends Activities in Africa
Wall Street Journal
MAY 12, 2010, 9:43 A.M.


By J.R. WU
BEIJING - China Vice Commerce Minister Fu Ziying pushed back against Western criticism over China's activities in Africa, describing Chinese investment as "more market-driven" and defending Beijing's stance on recent flare-ups.

Economic activity in Africa has surged in recent years with Beijing becoming an important investor, creditor and donor for many African nations. But with the rise of China's financial influence on the continent, concerns persist that Beijing is preying on the continent's resources to feed the Chinese economy, contributing little significant improvement to African livelihoods.

Amid such criticism and as China asserts that its presence in Africa is increasingly being shaped by nongovernment actors, Beijing has put in place some mechanisms to deal with issues surrounding its investment and trade on the resource-rich continent...

Read on... link:
http://online.wsj.com/article/SB10001424052748704247904575240021751743004.html?mod=WSJ_latestheadlines

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