In light of the rapid growth of China?s investment in Africa andbi-lateral trade worth US$100 billion in just two years, SanushaNaidu, debates whether the country is promoting development across thecontinent, or is driven largely by mercantilist imperatives. Thequestions to ask, says Naidu, are which Africans are benefiting fromChinese money, and whether China will continue its large-scaleinvestments in Africa as the financial crisis bites. Naidu cautionsthat Beijing may ?become more strategic and perhaps more prudentaround which of its investment projects it wants to initiate based onoverall benefits and viability?, making it unwise to bank on China?smassive foreign reserves. If Chinese investment is to promotedevelopment, Naidu argues, it must take ?a bottom-up approach thatrecognises the daily social justice struggles of ordinary Africans forsocio-economic survival rather than intensifying them?.
http://www.pambazuka.org/en/category/africa_china/57074
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