Africa : China's economic crisis has flipped its relationship with Africa upside down

[Clyde C Coger Jr]

In the Spirit of Sankofa,



China's economic crisis has flipped its relationship with Africa upside down


... In fact, Africa is now barely exporting more to China than it was before the financial crisis began in 2008.

That means Africa is being squeezed on two fronts — it is crunched both by the standard emerging-market story in which dollar debts become increasingly unmanageable as the US Federal Reserve begins to hike interest rates, and also by the tumbling Chinese demand for commodities ...


http://www.businessinsider.com/fathom-report-on-chinese-trade-with-africa-2015-12?r=UK&IR=T

REUTERS/Wang Zhao

South African President Jacob Zuma, left, and Chinese President Xi Jinping at a signing ceremony at the Great Hall of the People in Beijing in 2014


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[chuck]

Noted

fyi

 

[Clyde C Coger Jr]

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Why Africa Isn't Rising



In one of Africa's most celebrated surprises this year, Nigerian voters unseated President Goodluck Jonathan. The election of Muhammadu Buhari defied expectations of electoral fraud and violence, and his anticorruption platform sparked hopes for reform and economic growth.

Yet progress on both fronts has been slow and uneven. To understand why, pick up Tom Burgis's "The Looting Machine," a bracing look at why a continent blessed with one-third of the world's hydrocarbon and mineral wealth remains mired in poverty and dysfunction ...


http://www.bloombergview.com/articles/2015-12-28/why-africa-isn-t-rising?cmpid=yhoo.headline

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[Clyde C Coger Jr]

...

In the Spirit of Sankofa,



The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth

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