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CGD in the News

Chinese Take a Turn at Turning a Sub-Saharan Profit [New York Times]

August 22, 2006

CGD's Todd Moss adds to the discussion in Lydia Polgreen's article about China's growing presence in the economies of several African countries.

 

From the article:

China, it seems, is suddenly everywhere in Africa, not just in oil-rich states. Trade between Africa and China has almost quadrupled since 2001, and last year reached almost $40 billion.

...
China’s recent history presents seductive possibilities for sub-Saharan Africa. In the past two decades, China has pulled hundreds of millions of its people out of poverty and transformed itself from an agrarian backwater into the world’s fastest-growing economy.