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28/08/2014

China sees new potential in Africa.

Africa’s steadily improving situation with regard to governance (there are still many problems, but steadily less war, steadily more free elections, and so on), and a technological landscape and future that will allow Africa to leapfrog many aspects of the rich life that the rich world takes for granted. And national resources are just icing on the cake.

As is frequently remarked upon, and as a book review in this week’s Economist touches upon, China has a very deliberate and ambitious strategy of investment in Africa. For sure, China’s drive into Africa is mainly motivated by natural resources. But this is merely the catalyst of a broader phenomenon, as China sees a lot of potential in Africa.

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