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Tag Archives: economy

Chinese Timber Business in Zambia: We Could Never Make Furniture Here

The following article was written by Hezhu Zhang, a fellow at China House Kenya Chinese timber business in Africa is continually faced with numerous criticisms. And the reprobation of exporting raw materials without developing processing industry locally is one of the most heated points. The same happens in Zambia. Chinese timber business has been in Zambia since around 2005, mostly exporting ... Read More »

[AUDIO] The danger of too much Chinese debt in Africa

The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil prices combined with corrupt, incompetent leadership in Caracas have pushed the country to the brink of economic collapse. The dire situation in Venezuela raises ... Read More »

[AUDIO] Chinese migrants in Africa confront new challenges as economy worsens

Thousands of Chinese migrants who settled in Africa over the past ten years now face mounting uncertainty as economic growth slows across the continent and back home in China. While there are no reliable estimates as to how many Chinese migrants there are in Africa, experts believe the population to be somewhere between one and two million people. The Chinese ... Read More »

[AUDIO] China & Africa: are the good times over?

One of the prevailing media narratives of China’s recent economic turmoil is the effect that it could have on emerging markets, particularly in Africa. Now that the Chinese economy is showing real signs of slowing, the story goes, Beijing will soon pull back on the billions of dollars in investments and purchases that it makes from commodity-exporting African markets. While ... Read More »

[AUDIO] How China’s economic slowdown will impact Africa

The tremors in China’s faltering economy are being felt across Africa. Now that China has replaced Europe and the United States as most African countries’ largest trading partner, there is understandable concern that slowing demand in the PRC will be felt in Africa’s commodity export dominated economies. The fear is real. Already, some Chinese-owned copper mines in Zambia have announced ... Read More »

[AUDIO] The China economy: what lessons for Africa?

When African policy makers scan the globe in search of inspiration on how to structure their economies, that search often leads to Beijing. Not surprisingly, African leaders look at what China has done over the past 30 years where it went from being a poor, isolated agrarian country to a modern urban economy that is now the world’s second largest. ... Read More »

[AUDIO] Should Africa follow Asia’s path to economic prosperity?

Author John Akhile, Sr. argues in his new book “Unleashed” that if the Asia’s so-called ‘Tiger economies’ did it, so can Africa. By leveraging the continent’s agricultural potential, minerals, raw materials and low cost labor, Akhile thinks that using these resources Africans can build a equally impressive economic miracle as what happened in Asia but within a decade. Even though ... 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 »

PRC’s top Africa scholar: Africa should jump on the China bandwagon

In 2010, He Wenping, director of African Studies at the Chinese Academy of Social Sciences, wrote an influential article for People’s Tribune in which she forcefully argued that “Africa should jump on the China bandwagon” and that China is helping Africa achieve democracy. Showing the continued relevance of the article, QS Theory (《求是》), the flagship theory journal of the Central Committee ... Read More »

“Shanglin County Clique’s” African Gold Rush: Get Rich or Die Trying (translation)

Translated by Erik Myxter On May 15th The 21st Century Business Herald out of Guangzhou published a thrilling article about Chinese illegal gold mining activity in Ghana.   The following is a translation of that article. “上林帮”非洲淘金记:身家上亿或埋骨他乡 21世纪经济报道 梁钟荣 南宁、深圳报道 2013-05-15 00:57:39 “Shanglin County Clique’s” African Gold Rush: Get Rich or Die Trying 21st Century Business Herald   Reporting from Nanning: Liang ... Read More »