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April 24, 2007

Why SA is China's Africa favourite

Source: Business Daily

By Fred Bidgland

THE acquisition late last year by Larry Yung Chi Kun, the son of former Chinese vice-president Rong Yiren, of an $800m slice of the South African company Anglo American sent shock waves through the international business community. Suddenly, as Kun became the fifth-richest man in SA, the world realised that China's communists had become the most voracious capitalists on the African continent.

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Posted by pichu at April 24, 2007 11:59 PM