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

Discussion in 'Black History - Culture - Panafricanism' started by Clyde C Coger Jr, Dec 10, 2015.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    39,390
    Likes Received:
    10,421
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +12,078
    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


    [​IMG]
    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


    ...

     
  2. chuck

    chuck Well-Known Member MEMBER

    Country:
    United States
    Joined:
    Aug 9, 2003
    Messages:
    13,482
    Likes Received:
    2,103
    Gender:
    Male
    Ratings:
    +2,529
    Noted

    fyi
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    39,390
    Likes Received:
    10,421
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +12,078
    ...



    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

    ...
     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    39,390
    Likes Received:
    10,421
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +12,078
    ...

    In the Spirit of Sankofa,



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



    [​IMG]




    ...

     
    Last edited: Oct 25, 2016
Loading...