Tuesday, May 27, 2008

Welcome ChinAfrica

China Invades Africa.

This is a very eye opening article about China's quest for resources in Africa, particularly the players, both winners and losers, in this growing phenomenon.



While America is preoccupied with the war in Iraq (cost: half a trillion dollars and counting), and while think-tank economists continue to spit out papers debating whether vital resources are running out at all, China's leadership isn't taking any chances. In just a few years, the People's Republic of China (PRC) has become the most aggressive investor-nation in Africa. This commercial invasion is without question the most important development in the sub-Sahara since the end of the Cold War -- an epic, almost primal propulsion that is redrawing the global economic map. One former U.S. assistant secretary of state has called it a "tsunami." Some are even calling the region "ChinAfrica."

For the complete article click here

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