Weekly news

14/02/2012 to 27/02/2012

Top Stories:                                                                                                          

 A Chinese puzzle – Financial Times

 Chinese investors to tread more carefully in Africa – Business Live (ZAF)

 All mine! The Chinese close their first Africa mining play – Daily Maverick (ZAF)

 Will East Africa fuel China’s growth? – NASDAQ (USA)

 Nation Signs Deal With China to Curb Counterfeits – Business Daily (KEN)

 China’s Geely Turns to Egypt – Wall Street Journal (USA)

Politics                                                                                                                 

Africa: China and the West in Africa – Institute for Security Studies (ZAF)
20/02/12
Stronger cooperation with Africa could increase China’s sphere of influence and bolster its attempts to redefine its relations with the rest of the world. This would be a dramatic change in the traditional patterns of Western dominance over African affairs and would diminish Western political and economic leverage over the continent, thereby constituting a major challenges to Western hegemony over the political, economic and development discourse in Africa and internationally.

A Chinese puzzle – Financial Times
21/02/12
Over the past decade, China has done well out of the principle of “non-interference” that governs its foreign policy. An increasing number of countries has engaged with Beijing, encouraged by its stated disinclination to meddle in others’ internal affairs.

China hopes for better ties with South Sudan – Zee News (CHN)
23/02/12
China said on Thursday it hopes talks will remove any misunderstanding with South Sudan after the Chinese head of the largest foreign oil company in the country was kicked out over allegations he conspired with neighbouring Sudan to steal the south’s oil.

Khartoum, Beijing to hold talks – News24 (RSA)
24/02/12
Sudan’s foreign minister is to make a two-day visit to Beijing, China said on Friday, as it seeks to resolve a crisis in relations between Khartoum and South Sudan, a major oil supplier.

Economics                                                                                                            

Zambia-China trade zone marks the fifth anniversary of founding – China Daily (CHN)
21/02/12
Since its inception five years ago, the Zambia China Economic and Trade Cooperation Zone has attracted 17 companies and a total investment of nearly $1 billion.

Rand Gains for Second Day as Metals Rally on China Reserve Cut for Banks – Bloomberg
20/02/12
The rand strengthened for a second day and yields on South Africa’s nine-year bonds reached the lowest in two weeks after metal prices advanced as China eased reserve requirements, boosting export prospects for the world’s largest producer of platinum.

Chinese liquidity to bolster SA assets – Business Report (ZAF)
21/02/12
China’s decision at the weekend to allow its banks to lend more freely will have a positive impact on South Africa, according to Ian Cruickshanks, the head of strategic research at Nedbank Capital.

Chinese investors to tread more carefully in Africa – Business Live (ZAF)
24/02/12
China’s oil and commodities firms are set to tread more carefully in Africa after being stung by kidnappings, seizures of cargo and, most recently, the expulsion of a chief executive.

Business                                                                                                               

Mining and Metals

All mine! The Chinese close their first Africa mining play – Daily Maverick (ZAF)
21/02/12
China Minmetals Group, the Hong Kong listed Chinese state-backed mining company, has been trying for years to buy themselves an African mining company. Last week, they just did that. Anvil Mining is the first shining jewel in the Chinese parastatal’s mining crown. It won’t be the last.

Zambia: Chinese Steel Firm Invests $26 Million in Expansion – Times of Zambia (ZMB)
20/02/12
A Chinese firm, Good Time Steel Zambia Limited, has invested more than US$26 million in its expansion programme involving the establishment of a section which will produce angle iron bars. The investment includes the cost incurred during the procurement of the machinery, setting up of the angle iron plant and the establishment of the window section which has since reached an advanced stage.

LontohCoal Targets China, India Power Plants With Low-Grade Supply Type– Bloomberg
20/02/2012
LontohCoal Ltd. (LONTOZ), the first African miner to sell shares in Hong Kong, plans to start shipping lower grade coal to China and India to take advantage of demand for the less expensive type at power plants.

Oil and Energy

Oil firms plan for Mideast turmoil – China Daily (CHN)
21/02/12
China’s biggest oil companies are learning how to alleviate the risks resulting fromthe uncertain geopolitical scenarios in the Middle East and North Africa.One of their latest moves is a plan to assemble equipment in Dubai in the United ArabicEmirates. The regional business hub will act as a halfway house on the road to the turbulent areas.

Will East Africa fuel China’s growth? – NASDAQ (USA)
20/02/12
Economic growth in China and other countries in Asia could soon be fueled by oil and natural gas from East Africa, as recent activities from Eni SPA and Anadarko Petroleum portend.

China urges dialogue in South Sudan dispute with oil firms – Business Live (ZAF)
23/02/12
China has urged dialogue between South Sudan and Chinese oil firms following the expulsion this week of the head of Chinese-Malaysian oil consortium Petrodar, in its first comments on an escalating row.

Trade

MENA trade with Russia, India and China set to grow fastest through to 2020 – Oman Daily Observer
21/02/12
The Middle East and North Africa (MENA) trade flows will grow fastest with Russia, India and China over the period 2012 to 2020, according to Ernst & Young’s forecast ‘Trading places: The emergence of new patterns of international trade,’ in conjunction with Oxford Economics.

Nation Signs Deal With China to Curb Counterfeits – Business Daily (KEN)
20/02/12
Kenya has signed a contract with China to vet the quality of goods originating from the Asian nation, raising hope in the fight against sub-standard products flooding the domestic market.

China’s Geely Turns to Egypt – Wall Street Journal (USA)
23/02/12
Economic growth is slowing in China and Western markets are a tough sell, so Zhejiang Geely Holdings Group Co. is turning to emerging markets, most recently, Egypt.

Transport and Infrastructure

China key player in SA SKA bid – News24 (ZAF)
23/02/12
China has emerged as a key player in the Square Kilometre Array (SKA) bid and South African government officials are in the Asian country to give an update on the bid to host the instrument.

Kenya Airlines, KLM launch China-Africa cargo service – Engineering News (ZAF)
24/02/12
Kenya Airways and KLM Royal Dutch Airlines have teamed up to introduce the first direct freighter service between mainland China and Africa, the parties announced this week.

SA, China collaborate on astronomy – IT Web (ZAF)
24/02/12
SA foresees increasing collaboration between Chinese and local astronomers and scientists in the face of the Square Kilometre Array (SKA) telescope.

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