Weekly news

11/08/2012 to 17/08/2012

Top Stories:                                                                                                          

 China ‘not here to dictate politics’ – Business Report (ZAF)

 Africa is prize in US-China tug of war – The China Post (CHN)

 China good for South African fruit exports – Fresh Plaza

 Why China will not solve Africa’s problems – The Citizen (TZA)

 China National Gold considers big push into Africa – Reuters

 Chinese Roads in the DRC: Status? China in Africa : The Real Story (Blog)

Politics                                                                                                                 

China does not lecture Africa on democracy: ex-minister – China Daily (USA)
12/08/2012
As opposed to the West, China does not lecture Africa on democracy, Mali’s ex-culture minister Aminata Traore said in an interview with Xinhua recently in the Senegalese capital Dakar.

China ‘not here to dictate politics’ – Business Report (ZAF)
13/08/2012
China would not interfere in policies being developed in countries that it was investing in and would not pull out of investments because a country was perceived to have bad leadership or wanted to nationalise some of its economic sectors, a Chinese delegation said on Friday.

Clinton’s Africa visit fuels debate on competition between US and China – China Daily (CHN)
13/08/2012
US Secretary of State Hillary Clinton has concluded an 11-day tour of Africa in which she promoted a new US strategy for the continent. The visit also stoked international debate about whether the US and China, the world’s two biggest economies, are competing for resources in Africa.

Africa is prize in US-China tug of war – The China Post (CHN)
15/08/2012
Africa has become a major theater in the global rivalry between China and the United States. This was evident during Hillary Clinton’s African visit, during which she spread the message of democracy and warned Africans against unnamed “outsiders” coming to “extract the wealth of Africa for themselves, leaving nothing or very little behind.”

China’s winning strategy in Africa – Asia Times (CHN)
15/08/2012
Contention between China and the United States is extending far beyond the current hot spot of the South China Sea. As China’s economy continues its rapid expansion, a truly global realignment of power is taking place. Regions that were dominated by the West for centuries are now coming into China’s orbit, challenging America’s position at the top on a once-unipolar world.

Forum aimed at solidifying Sino-African ties set for Ghana – Global Times (CHN)15/08/2012
A forum aimed at cementing Sino-African business ties will be held in Accra, Ghana later this month, organizers said in Nairobi on Tuesday.

China blusters in wake of Clinton’s Africa tour – New Straits Times (CHN)
16/08/2012
Africa has become a major theatre in the global rivalry between China and the United States. This was evident during Hillary Clinton’s African visit, during which she spread the message of democracy and warned Africans against unnamed “outsiders” coming to “extract the wealth of Africa for themselves, leaving nothing or very little behind”.

Building trust in Africa – China Daily (CHN)
16/08/2012
China and the US can cooperate to help African countries create a secure and stable environment for development

Agriculture                                                                                                           

South Africa hopes to export more wool to China- China Daily (CHN)
14/08/2012
With the wool season approaching, South Africa is expecting China could import more wool, the South African wool producers group said on Monday

China good for South African fruit exports – Fresh Plaza
13/08/2012
The growth of the fruit sector is boding well for Jason Bosch, MD of Origin Direct Asia. The company imports around 20,000 tons of fruit into China every year, mostly from South Africa.

Finance and Banking                                                                                           

JSE remains softer at noon on China – Business Report (ZAF)
10/08/2012
The JSE share market remained softer at noon on Friday in line with leading global markets after worse-than-anticipated China trade data for July triggered some profit taking in so called growth or risky assets.

Why China will not solve Africa’s problems – The Citizen (TZA)
11/08/2012
China will double its loans to Africa to $20 billion in the next three years, an apparent gesture to strengthen ties with Africa, an ally that serves as a supplier of natural resources for China and market for cheap Chinese products.

Chinese Urged to Invest in Cote d’Ivoire – CRI (CHN)
11/08/2012
Cote d’Ivoire’s Chamber of Commerce and Industry is urging Chinese investors to seize opportunities in the West African country, which is engaged in a reconstruction program following the deadly 2010-2011 post- election crisis.

Rand weakens on Chinese trade data – The Standard (ZWE)
12/08/2012
South Africa’s rand fell against the dollar on Friday as weaker-than-expected Chinese trade data undermined the growth prospects of Africa’s biggest economy.
The rand was 0,75% weaker at 8,1323 against the dollar, after Wednesday’s New York close of 8.08.

MAP: Here are all of the big Chinese Investments in Africa Since 2010- Business Insider
13/08/2012
Chinese investments in Africa have raised many eyebrows, as competitors like the U.S. argue that it’s motivated by Beijing’s desire to exploit the continent’s resources.

China checks into Africa with ‘Chequebook’ diplomacy – Daily news and analysis (CHN)
14/08/2012
China has outmaneuvered everybody else in the strategic calculations with respect to cultivating relationships with Africa. In the recently concluded, fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) on China-Africa strategic partnership, the President Hu Jintao pledged $20 billion of credit line for African countries in next three years — double the amount what China promised to lend Africa at the last joint forum three years ago.

China – ECOWAS Economic partnership deepens – Government of Ghana official portal (CHN)
14/08/2012
The Economic Community of West African States (ECOWAS) is a regional group of 15 countries in West Africa, namely Mali, Niger, Senegal, Gambia, Guinea Bissau, Guinea, Burkina Faso, Benin, Togo, Cote d’Ivoire, Nigeria, Ghana, Liberia and Cape Verde.

South Africa aims to spur Argentina into joint G20 action – Buenos Aires Herald
14/08/2012
The ongoing global financial crisis cannot be equated with the post-Lehman collapse of 2008 and nor is the G20 performing the same stellar role in response, says South African Finance Minister Pravin Gordhan — reason enough for his visit here to spur joint action from two of the G20’s southernmost members, reviving Argentina as an active player within a “moribund” G20.

TEXT-S&P: China rebalancing a risk to Sub-Saharan Africa – Reuters
16/08/2012
China’s economic rebalancing from an investment-led to a more consumer-led economy presents serious risks for sub-Saharan African (SSA) countries, but also some opportunities, says Standard & Poor’s today in the report “For Sub-Saharan Africa, China’s Rebalancing Poses Risks And Opportunities”.

SA is good model on dealing with China, says new book – Business Day Live (ZAF)
16/08/2012
South Africa offers a good model to the rest of Africa in terms of the continent’s often one-sided relationship with China, as Africa’s largest economy has ensured the compliance of Chinese companies to key domestic legislation, according to Garth Shelton, professor of international relations at the University of the Witwatersrand.

Understanding Chinese investment in Africa- All Africa
16/08/2012
There have been a lot of mixed opinions about Chinese investment in Africa. While some praise it as being the reason Africa is seeing real growth, others curse it as being modern day colonialism. Yet no one can deny that it is playing a huge role in the continent today.

If China’s growth fades – The Citizen (ZAF)
17/08/2012
While South Africa’s economy is directly exposed to lower Chinese’s growth through declining demand for minerals and metals, the indirect and less obvious implications pose graver threats still.

Mining and Metals                                                                                                

Barrick in talks to sell Africa stake to China National Gold – The Star (CAN)
16/08/2012
Canadian mining major Barrick Gold is in talks to sell all or part of its 74 per cent stake in African Barrick Gold to China’s largest gold producer, just two years after the underperforming Tanzanian assets were spun off.

China National Gold considers big push into Africa – Reuters
17/08/2012
China National Gold Corp is leading a drive offshore to help meet soaring demand for gold at home by considering a bid for the African unit of Barrick Gold, the world’s No.1 producer.

Barrick Gold in talks to sell Africa stake – Reuters
16/08/2012
Canadian mining major Barrick Gold is in talks to sell all or part of its 74 percent stake in African Barrick Gold to China’s largest gold producer; just two years after the underperforming Tanzanian assets were spun off.

Oil and Energy                                                                                                     

China’s role in the East African oil and gas sector – Official blog of Ambassador David Shinn
10/08/2012
China is only one actor among many in the East African energy sector. In a nice summary dated August 2012, Ross Anthony of the Centre for Chinese Studies at Stellenbosch University said China is especially engaged in the construction of pipelines in the region.

China To Replace United States As Nigeria’s Largest Crude Importer – Ventures Africa
14/08/2012
Dwindling oil imports by the Nigeria’s major buyer, United States has thrust China to the forefront as an alternative market for the country’s crude oil, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr Andrew Yakubu, disclosed recently at the sidelines of an oil and gas conference in Lagos.

Trade                                                                                                                    

China’s winning strategy in Africa – Asia Times Online (CHN)
15/08/2012
Contention between China and the United States is extending far beyond the current hot spot of the South China Sea. As China’s economy continues its rapid expansion, a truly global realignment of power is taking place. Regions that were dominated by the West for centuries are now coming into China’s orbit, challenging America’s position at the top on a once-unipolar world.

China To replace United States as Nigeria’s largest crude importer – Ventures
14/08/2012
Dwindling oil imports by the Nigeria’s major buyer, United States has thrust China to the forefront as an alternative market for the country’s crude oil, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr Andrew Yakubu, disclosed recently at the sidelines of an oil and gas conference in Lagos.

Transport and Infrastructure                                                                                 

Chinese Roads in the DRC: Status? China in Africa : The Real Story (Blog)
16/08/2012
A Danish reader, Jan Jensen, wrote with a question about the status of the Chinese infrastructure package in the DRC.

Environment                                                                                                        

Chinese cars may contain asbestos : News24 (ZAF)
17/08/2012
Local importers of some Chinese cars were on Thursday scrambling to establish whether illegal asbestos had been used in the manufacture of their vehicles after the alarm was raised in Australia.

Media                                                                                                                   

CCTV: Africa’s true image or China’s strategic vehicle? – My Sin Chew (CHN)
16/08/2012
The countdown starts and the Kenyan news reader runs through the top headlines for the evening bulletin. In a few minutes he will go on air in Nairobi, broadcasting live for China state television.

Society                                                                                                                 

Exporting Culture: How China Influences Africa – Africa.com
10/08/2012
At least six dozen children stand at attention as the Buddhist bell rings. In sync they chant, eyes fixed on the Mandarin-inscribed lyric sheet. Barefooted, they then bow to the three large gold-plated statues on the temple altar.

A mutually beneficial China-Africa strategic relationship – Capital FM News (KEN)
16/08/2012
Nearly a month ago, the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) was successfully convened in Beijing. During this conference, China and African countries held deep discussions on how to further enhance the New Type of China-Africa Strategic Partnership under the theme of “Build on past achievements and open up new prospects”.

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