Weekly news

25/08/2012 to 21/08/2012

Top Stories:                                                                                                          

 China trying to keep obvious secret – Strategy Page

 ‘Lonmin, cooling China threaten SA’ – Business Report (ZAF)

 African workforce can overtake China, India – Business Report (ZAF)

 Nigerian envoy urges China to ‘cut import tariffs’ on more African goods –  China Daily

 China Communications Shuns Profitless Domestic Rail for Africa – Bloomberg

 African Immigrants Talk About Life in Beijing – Voice of America

Politics                                                                                                                 

Vice premier calls for closer cooperation between Chinese and African  
local governments – People’s Daily Online (CHN) 
28/08/2012
Vice Premier Li Keqiang on Monday called for closer cooperation between Chinese and African local governments so as to bolster bilateral relations.

Li urges expansion of Africa relations – English News (CHN)
28/08/2012
Sister-city partnerships with Africa will double in the next five years, Vice-Premier Li Keqiang said on Monday.

China trying to keep obvious secret – Strategy Page 
29/08/2012
China has a growing list of problems with its neighbors, both the ones who are allies (North Korea, Burma, Pakistan) and those who are not (all the rest). The “allies” are a sorry lot, all of them failed states with troubled economies and inept governments

Flashback: What Sata said about Chinese investments as an opposition leader-
Zambian Watchdog (ZAM)
30/08/2012
Chinese Investment in Africa and Implications for International Relations, Consolidation of Democracy and Respect for Human Rights.

Clinton in South Pacific with China in focus – The City Herald
31/08/2012
U.S. Secretary of State Hillary Rodham Clinton arrived Thursday in the South Pacific at the top of a six-nation Asia tour during which she aims to reassert American interests in the face of China’s growing influence and calm rising tensions over territorial disputes in the South China Sea.

Is China Wearing Out Its Welcome In Africa? – Eurasia Review
31/08/2012
The explosive economic growth of China over the past decade has transformed millions of lives, redefined investors’ portfolios and even shifted the global balance of power. The BRIC economies now represent 20 per cent of the global economy, four times ten years ago.

Agriculture                                                                                                           

China Helps Boost Nation’s Fish Farming Industry – FOCAC (CHN) 
30/08/2012
Fisheries resources are among the most significant natural endowments of Uganda, according to experts. With about 20 percent of its surface area covered by water, Uganda has enormous fisheries resources potential for both capture fisheries and aquaculture production

Finance and Banking                                                                                           

Minister to lure Chinese investors – China Daily (CHN)
29/08/2012
In a bid to fix its economy after 18 months of political unrest, Egypt is trying to attract more Chinese investment into the country.

‘Lonmin, cooling China threaten SA’ – Business Report (ZAF)
29/08/2012
Two developments, one in China and one at Lonmin’s Marikana platinum mine near Rustenburg, are the latest threats to domestic growth, according to Standard Bank chief economist Goolam Ballim

China has critical role to play in ending global economic crisis: expert –  Xinhua (CHN)
29/08/2012
The recovery of the global economy will require a combined effort and, especially, China could play a critical part, a South African expert told Xinhua on Wednesday.

Manufacturing                                                                                                      

African workforce can overtake China, India – Business Report (ZAF) 
31/08/2012
Africa will add 122 million people to its potential labour force by 2020 and by 2035 the continent’s labour force will be larger than that of any nation, including China or India, according to a report by McKinsey Global Institute.

Mining and Metals                                                                                                

Lonmin seen tempting Chinese platinum buyers – Mineweb 
28/08/2012
While acquirers may remain on the sidelines during the political fallout from the recent violence, buyers, including Chinese companies, could still see an opportunity, analysts say.

West Africa to supply Chinese iron demand – Mining Weekly 
29/08/212
Central and West Africa will be the world’s next major supplier of iron-ore as traditional iron-ore regions struggled to fill Chinese demand, iron-ore developer Equatorial Resources said on Wednesday.

Sundance sees production from W. Africa mine mid-2016 – Reuters
30/08/2012
Sundance Resources said on Wednesday it expects its $4.7 billion iron ore mine on the Congo-Cameroon border to begin production in mid-2016, provided a takeover by China’s Hanlong Group goes through in December.

Australia is not the sole supplier to China, Rudd reminds miners  – Mining Weekly
30/08/2012
Australia’s former Prime Minister Kevin Rudd on Thursday reminded the Australian mining industry that it was not the sole potential supplier to support China’s resources demand, despite the advantages of its geographical proximity relative to Latin America and Africa.

Oil and Energy                                                                                                     

$100b LNG projects imperiled by African gas rush – Business Day (ZAF) 
31/08/2012
The discovery along Africa’s east coast of the world’s biggest gas finds in a decade threatens to undo investment plans on the other side of the Indian Ocean.

Retail                                                                                                                    

Walmart’s Chinese batteries herald retail price war – Business Day (ZAF)
29/08/2012
The first of many Walmart-branded products has hit the shelves of Massmart stores, signalling the beginning of a price war which analysts say Walmart will win.

Trade                                                                                                                    

Nigerian envoy urges China to ‘cut import tariffs’ on more African goods –  China Daily
28/08/2012
Nigeria’s ambassador to China, Aminu Bashir Wali, is calling on Beijing to cut import tariffs on a wider range of African products and encourage more Chinese companies to invest in the continent.

Chinese entrepreneurs urged to help boost Sino- African ties – Live Trading News 
29/08/2012
Chinese entrepreneurs should make efforts to help boost Sino-African relations under new circumstances, a senior diplomatic official said Tuesday.

Chinese Firms Brave Uncertainty in Egypt to Gain a Foothold in Middle East –  New York Times (USA) 
29/08/2012
As other investors flee Egypt because of worries about the country’s rocky transition to democracy, Chinese companies are pouring money into Egyptian projects in the hopes of accessing a huge domestic market and acquiring a base for exports to the Middle East.

Steady growth in SA, BRICS trade – South Africa.info (ZAF)
30/08/2012
Bilateral trade between South Africa and its BRICS (Brazil, Russia, India and China) partners grew substantially last year, powered by significant increases in trade and exports, Trade and Industry Minister Rob Davies said in Cape Town on Wednesday.

How the US can out-invest China in Africa – The Christian Science Monitor
31/08/2012
China recently surpassed the US as Africa’s largest trading partner, but African countries are also growing wary of Chinese investment. This presents an opportunity for US businesses. To take advantage, US diplomats must become more effective advocates for the US private sector.

SA exports ‘crowded out’ by Chinese products – Engineering News (ZAF) 
31/08/2012
South Africa has lost out on $900-million in trade with sub-Saharan Africa because of increased Chinese imports, costing the country more than 77 000 jobs over a decade, a new report by the University of East Anglia (UEA) from the UK has revealed.

Flats, cars and oil for China: Angola’s growth tempered by growing inequality –
The Guardian (GBR) 
31/08/2012
When the glass doors swing open at Porsche Centre Luanda, in the capital of Angola, Esmeraldo Chinguto jumps to his feet in the hope of another sale. On display in the showroom this week was a model priced at around $170,000 (£107,390).

Transport and Infrastructure                                                                                 

China Communications Shuns Profitless Domestic Rail for Africa – Bloomberg
31/08/2012
China Communications Construction Co. (1800)’s rail-building unit plans to focus more on overseas lines after failing to profit from 180 billion yuan ($28 billion) of projects in its home market.

Defence                                                                                                                

Chinese Arms Flow Into Sudan –  Voice of America (USA) 
27/08/2012
A new report shows China is a major player in supplying cheap weapons to sub-Saharan Africa, including conflict zones like the Darfur region of Sudan, a practice that is in violation of United Nations sanctions. Chinese arms sales jumped from only 3 percent from the years 1996-2000 to 25 percent during the years 2006-2010.

Media                                                                                                                   

Using Chinese star power to fight ivory poaching in Africa –  The  Christian Science  
Monitor 
28/08/2012
The biggest demand for ivory is in China, so conservationists are trying to give Chinese consumers a greater understanding of poaching – with the help of Chinese celebrities like Yao Ming.

Chinese Company StarTimes Lead African Digital TV Mission – World Internet TV on 
PC (Blog) 
29/08/2012
While China are fairly well-known for offering aid to the continent of Africa, the assistance offered is usually the funding of infrastructure, military equipment, and stadiums for African countries, though the latest development could be one of the most ambitious yet.

Africa in China                                                                                                     

African Immigrants Talk About Life in Beijing – Voice of America
27/08/2012
Chinese companies have invested heavily in Africa in recent years and trade among Asian and African nations has soared. As their economic ties have grown, so have the number of African immigrants to China, now estimated at around half a million people.

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