Weekly news

26/05/2012 to 01/06/2012

Top Stories:                                                                                                          

 China in Africa – are we really losing out? – How we made it in Africa

 Africa urged to produce own fabrics – Daily News (TZA)

 FG, China Fail to Sign Agreement On Substandard Imports – Vanguard (NGA)

 Chinese road contractors on edge on Sh400bn debt – IPP Media (TZA)

 China Africa Development Fund Not Attractive Enough in China – China in Africa: The Real Story

 Africa a major target of China’s resource ‘acquisitiveness’  – Engineering News (ZAF)

Politics                                                                                                                 

China’s Role in the Continent – The Herald (ZWE)
31/05/12
Since the implementation of the Chinese policy of “opening up” under Deng Xiaoping in the 1980s, China’s evolving role in the world today has attracted much attention from all continents including Africa.

China’s new Zimbabwe strategy: Woo the opposition – Global Post
31/05/12
China has a bold new strategy for Zimbabwe: wooing the opposition.
Morgan Tsvangirai, the Zimbabwean opposition leader now in an unwieldy coalition government with Robert Mugabe, is on his first-ever visit to China this week, invited by Beijing in an apparent move to build ties ahead of Zimbabwe’s upcoming elections.

Africa benefits from Chinese investment – China Daily (CHN)
31/05/12
Gathered in Beijing for the first international fair for service trade, officials from Africa have applauded burgeoning Sino-African cooperation.

Sino-African Ties Dissected at Iric – Cameroon Tribune (CAM)
30/05/12
Relations between China and Africa have been described as fruitful. In effect, the Chinese Ambassador to Cameroon, Xue Jinwei says China and Africa are good friends, partners and “in-law”.

Don’t Discard Old Friends, Africa Urged – Tanzania Daily News (TZA)
30/05/12
Africa needs to continue working hand in hand with developed nations while opening up to emerging developed countries if the desired goals of the continent are to be met.

Zimbabwe PM Courts Chinese Investors Despite Growing Resentment – Voice of America (USA)
30/05/12
Wrapping up his Beijing visit this week, Zimbabwean Prime Minister Morgan Tsvangirai called on Chinese investors to continue setting up businesses in Harare despite growing resentment by locals who accuse them of ill-treating workers.

Eight billion dollars, a mike and no peace – Africa-Asia Confidential (GBR)
30/05/12
Border clashes between Sudan and South Sudan brought an early close to Salva Kiir Mayardit’s trip to China, originally due to end on 28 April. After a session with President Hu Jintao on 24 April, in which Salva Kiir said that the North had ‘declared war on South Sudan’, the two leaders signed an economic agreement that included a loan from China Export-Import Bank.

FOCAC Meeting: Diplomacy, Trade, Investment, Aid and the Environment  – Amb. David Shinn
30/05/12
The Centre for Chinese Studies at Stellenbosch University in South Africa has just released three timely policy briefings on China-Africa issues in the run-up to the next Forum on China-Africa Cooperation (FOCAC) in Beijing in mid-July. The Centre believes FOCAC will focus this year on the sustainability of the relationship as a result of changing political expectations in Africa towards the relationship with China, changing economic policies in China, and common challenges in addressing environmental concerns.

Chinese vice president meets Kenyan counterpart – Xinhuanet (CHN)
29/05/12
Vice President Xi Jinping said Tuesday that China is satisfied with the fruitful development of China-Kenya relations and is ready to lift the ties to new levels. Xi made the remark as he met with Kenyan Vice President Stephen Kalonzo Musyoka in the Great Hall of the People.

Hui Liangyu Meets with Foreign Minister of Rwanda Mushikiwabo – FOCAC
29/05/12
On May 23, 2012, Vice Premier Hui Liangyu met with visiting Rwandan Minister of Foreign Affairs and Cooperation Louise Mushikiwabo at the Great Hall of the People.
Hui said China and Rwanda have a profound traditional friendship and bilateral ties have enjoyed healthy development.

China in Africa – are we really losing out? – How we made it in Africa
29/05/12
Since the implementation of the Chinese policy of “opening up” under Deng Xiaoping in the 1980s, China’s evolving role in the world today has attracted much attention from all continents including Africa.

West undermines Africa to thwart Chinese influence, says Thabo Mbeki – Business Day (ZAF)
28/05/12
THE West has a fear of China and that explains why it continues to undermine Africa’s independence, former South African president Thabo Mbeki said during a panel discussion on the challenges facing Africa.

Africa in China                                                                                                     

Africans eye Chinese enterprise – BBC News (GBR)
29/05/12
Standing in the early summer heat of Shanghai, regarding the skyline of steel and glass, it is easy to think you are getting a bird’s-eye view of the future. This truly is a megacity – with a population of more than 23 million. It is the financial heart of the world’s newest economic superpower.

African culture promoted in China – FOCAC
29/05/12
A series of events promoting African culture in China began on Friday, with the opening of photo and art exhibitions in Beijing.
An exhibition based around cultural exchanges between China and African countries and a display of African artworks collected by China’s National Museum marked the beginning of the seven-month cultural feast.

Defence                                                                                                                

Chinese DM meets SA military chief – FOCAC
29/05/12
Chinese Defense Minister Liang Guanglie on Thursday met with South Africa’s military chief Solly Shoke, pledging closer cooperation between the two militaries. Hailing the bilateral relationship between the two nations, Liang said the Chinese side appreciates South Africa’s understanding and support on major issues concerning China’s core interests.

Environment                                                                                                         

UNCCD to take China’s anti-desertification experience to Africa – FOCAC
29/05/12
The United Nations Convention to Combat Decertification (UNCCD) will help share China’s experiences in controlling desertification with Africa, said an official with the UNCCD on Friday in Chifeng city, in north China’s Inner Mongolia autonomous region.

Education                                                                                                             

China to up support for education sector – IPP Media (TZA)
30/05/12
The Chinese government has pledged more support for education sector in terms of exchange of expertise in an effort to bring about social economic development in the country.

Govt Increases Sponsorships for Chinese – Tanzania Daily News (TZA)
30/05/12
TANZANIA has increased the number of scholarship opportunities for China from five to 10 every year. This was done so as many Chinese students to study in the country, beginning from 2012/2013 academic year, the Deputy Minister for Education and Vocational Training, Mr Philip Mulugo, said.

Media                                                                                                                   

As trade and investment in Africa explodes – China is now keen to reverse negative image in the continent – Newstime Africa (ZAF)
28/05/12
The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants. China and India have caused an explosion of trade and investment in Africa in the past decade.
Agriculture                                                                                                           

China-Africa agric trade hits $4.7b in 2011 – SpyGhana (GHN)
26/05/12
The trade volume on agricultural products between China and Africa reached $4.78 billion in 2011, according to figures provided by the Chinese government. The volume of trade was a 40.2% jump over the 2010 figures and was seven times that of 2001.

Finance and Banking                                                                                           

China to deepen service sector co-op with Africa – China Daily (CHN)
30/05/12
China will further deepen cooperation with Africa in the service trade and infrastructure sector, vice minister of commerce Li Jinzao said Tuesday.The country also plans to expand its investment in Africa in the sectors of finance, tourism, aviation and power generation, Li said at the ongoing Beijing International Fair for Trade in Services.

China Africa Development Fund Not Attractive Enough in China – China in Africa: The Real Story
24/05/12
China Africa Development Fund, the equity investment arm established by China Development Bank and launched at the 2006 Beijing Summit of the Forum on China Africa Cooperation, has failed in its effort to raise $2 billion on the capital markets. Instead, says a story published by China’s vigorous economics newspaper Caixin, the state will arrange a second injection of foreign exchange.

Manufacturing                                                                                                      

Africa urged to produce own fabrics – Daily News (TZA)
30/05/12
African countries were on Tuesday challenged to invest more in production of fabrics for sustainable growth of the labour-intensive and export oriented textile industry.

China brings jobs to Ethiopia but at what cost? – BBC News (GBR)
27/05/12
China has fast become Africa’s largest trading partner – but who exactly is reaping the benefits? While Europe is struggling with recession, it is a very different story in Africa where the continent overall is expected to enjoy growth of 6% in 2012.

Oil and Energy                                                                                                     

Oil rises with equity markets on China hopes – Business Day (ZAF)
29/05/12
Crude oil rose above $107 a barrel on Tuesday, along with gains in global equities on hopes for Chinese economic stimulus, although fears of euro-zone debt contagion on one hand and of Middle East supply disruptions on the other limited any moves.

China Prepares for Future South African Government – ISN (Ger)
28/05/12
South African national oil company PetroSA announced May 21 that it would partner with China Petroleum & Chemical Corp. (Sinopec) to build a crude oil refining complex in the impoverished Eastern Cape province, the traditional heartland of South Africa’s ethnic Xhosa. Known as the Coega facility, the refinery could produce up to 400,000 barrels of oil per day.

Africa a major target of China’s resource ‘acquisitiveness’  – Engineering News (ZAF)
26/05/12
Several recent ventures and agreements between China and Africa-based resource companies have positioned the continent as a key destination for meeting China’s resource acquisitiveness, market research firm Frontier Advisory research and strategy head Hannah Edinger has asserted.

Retail                                                                                                                    

Need for Fair Play in Retail Sector – The Herald (ZWE)
31/05/12
These new babies have been both an affront and relief of the old system of huge, formals hops we had grown used to, perhaps as a bequest of the colonial order. As things soured and hyperinflation bit harder, Zimbabweans got used to seeing empty shop shelves of the old order while the new shops, sometimes hardly enough space for one to stand in, were awash with goods.

FG, China Fail to Sign Agreement On Substandard Imports – Vanguard (NGA)
30/05/12
The attempt by Nigerian and China to address the issue of the importation of substandard products into Nigeria has failed as delegations from both countries failed to sign an agreement in that respect.

Trade                                                                                                                    

Ghana, China bilateral trade reaches $3.47b in 2011 – Ghana Business News (GHN)
30/05/12
The bilateral trade volume between Ghana and China reached $3.47 billion with a growth of 69.04% in 2011 according to information gathered by ghanabusinessnews.com.

Transport and Infrastructure                                                                                 

Chinese Thinking on Taxation and African Infrastructure – China in Africa: The Real Story
30/05/12
On Friday last week while I was in Nairobi at a World Bank event on China and fragile states, The Star (Nairobi) published an insightful article by Chinese engineers Su Wu and Kou Yang. I’ve noted in The Dragon’s Gift how China’s policy banks have followed the “request-based” financing model made famous by Japan. This article shows how Chinese companies are trying to educate Africans about ways in which they can afford to have [more Chinese companies] build their infrastructure.

Chinese road contractors on edge on Sh400bn debt – IPP Media (TZA)
27/05/12
Chinese contractors in the country have said the government has not completed paying a Sh400 billion outstanding debt, and they have asked the government to pay them immediately so that they can complete the construction of 2,405.6 km trunk roads.

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