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« WORLD BANK: How Do Countries Score on Governance? | Main | China emerges as major player in Asian aid »

September 16, 2006

Africa Emerges as China and India's New Economic Frontier

September 16, 2006 - Chinese and Indian firms are increasingly doing business in Sub-Saharan Africa, and their interest in the continent extends well beyond a hunt for natural resources, a new World Bank study says.

Exports from Africa to Asia tripled in the last five years, making Asia Africa's third largest trading partner (27 percent) after the European Union (32 percent) and the United States (29 percent), according to Africa's Silk Road: China and India's New Economic Frontier.

Full Story...

Posted by pichu at September 16, 2006 11:36 PM