Source: The East African Standard (Nairobi)

That China's trade in Africa has risen sharply from $10 billion in 2003 to a projected $50 billion this year is laudable.

Besides, the Asian giant is now a key investor not only in natural resources in Africa, but also a provider of technical expertise and funding with less stringent conditions compared to the Bretton Wood institutions. It also has influence in organisations such as the UN Security Council and the African Development Bank.

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Posted by pichu at November 12, 2006 11:45 PM