Latest from the CAP
Home » Economy (page 4)

Economy

[AUDIO] Sam Pa, China’s mysterious middleman in Africa

Publicly China’s engagement in Africa is based on “mutual benefit” or, as Chinese officials like to phrase it “win win.” Behind the scenes, though, it’s a little more complicated. Many of those multibillion dollar natural resource-for-infrastructure deals have been arranged by mysterious middlemen like Sam Pa and his Hong Kong-based Queensway Group. These go-betweens, according to reporting from the FT’s ... Read More »

[AUDIO] Mugabe critic: Zimbabwe’s ‘old friend’ China is bleeding it dry

Harare-based economist and columnist Vince Musewe doesn’t mince words in his criticism of Zimbabwe’s growing financial dependence. Beijing is ‘bleeding Zimbabwe dry’ through loans and Musewe says enough is enough. He is calling on Robert Mugabe’s government to come clean and reveal the secret deals between the two governments, otherwise Musewe warns Zimbabwe will only sink further in to economic ... Read More »

[AUDIO] China-Africa trade may be booming, but big problems loom

Trade between China and Africa will break another new record this year as it’s expected to top $200 billion. As trade continues to grow, officials from both regions frequently point to these figures as evidence of steadily improving ties. However, Beijing-based attorney Kai Xue warns that while the trade stats are indeed impressive, they also mask emerging difficulties in the ... Read More »

New era of Chinese manufacturing in South Africa begins

South African president Jacob Zuma personally oversaw the opening of the First Automative Works (FAW) factory in Port Elizabeth, China’s single largest investment in the country. The new production facility comes at an opportune time for South Africa as BMW, GM and other car-makers have slowed or suspended output. FAW, though, is entering potentially treacherous territory as South Africa’s notoriously ... Read More »

[AUDIO] China fast becoming South Africa’s new best friend

No where in Africa is China’s engagement more comprehensive than it is in South Africa. China Inc. has set up shop throughout SA for manufacturing, finance and as the continent’s valuable consumer market. In turn, South Africa is now becoming so reliant on its booming raw material trade with China that both its currency and stock market are effectively pegged ... Read More »

[AUDIO] China’s trade unions think they can help Africa

It’s a bit counterintuitive to think that a country supposedly run by a communist workers party would be so hostile to labor unions, which is the case in China. Although there are no independent Chinese unions and the few official unions there are do not have the ability to strike or organize against their employers as is common elsewhere. Nonetheless, ... Read More »

Chinese companies’ labor dilemma in Kenya

By Zhicong DENG, Legal Fellow at China House Kenya. This article was provided to CAP in partnership with the China-South Dialogue. “The workers went on a strike a few days ago with the trade union.” In the eyes of the manager of a Chinese real estate company in Kenya, it’s a common circumstance which makes them worry so much. This ... Read More »

[AUDIO] China’s most famous economist has a few suggestions for Africa

In the staid world of economics, Justin Yifu Lin is the closest one comes to being a bonafide celebrity. Lin is the former chief economist of the World Bank and, more importantly, among the lead architects of China’s three-decade-long economic renaissance that has produced the greatest economic expansion in human history. Now, Lin is taking the lessons learned from China’s ... Read More »

Chinese companies in Africa turn to “positive energy” for China-Africa development [TRANSLATION]

Report from the “China-Africa Trade Unions High-Level Seminar” “Build harmonious labour relations between Chinese and African enterprises, encourage enterprises to undertake more social responsibility, not only protecting workers’ rights, but also contributing to the development of China-Africa’s economy and long lasting friendship”. Deliberations from the China-Africa Trade Unions High-Level Seminar held in Beijing, “Multi-National Corporations Labour Relations and the Role ... Read More »

Senior Chinese trade official: “New Silk Road” includes Africa

The China Council for the Promotion of International Trade’s Eighth Chinese Enterprises Outbound Investment Conference, which was held in Beijing recently, included a panel on Chinese investment in Africa. Highlights of the panel included a top PRC trade official saying that President Xi Jinping’s New Silk Road concept extends to Africa, and Chinese involved in trade with African countries mentioning ... Read More »