Has China become an imperial force in Africa? Author Howard French of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa discusses the question how China jumped into a power vacuum in Africa and took the opportunities left by others. The use of the word “empire” has triggered off a debate, and French explains at ChinaFile how he sees Sino-African relations.
Category Archives: Speaker News
Expiring drug patents, including those of Pfizer´s Viagra, is not going to change the market in China, says retail analyst Ben Cavender at CNBC. Most of those drugs are anyway already available in China, he says. And the second-child hype most more materialize.
The ongoing stand-off between securities regulators in China and the US keeps auditing firms hostage and might eventually lead to the delisting of Chinese companies at US stock exchanges. Beida accounting professor Paul Gillis tries to map out a way out of the maze in Forensic Asia.(pdf)
Chinese building projects are popping up all over Africa. But mostly those construction projects are no partnerships with locals, but Chinese ventures tend to be all Chinese, author Howard French of China’s Second Continent tells Al Jazeera.
After twenty years of covering real estate in China, Sam Crispin has seen it all. He is not worried by the recent drop in house prices. “When prices drop, people will buy,” the UK-based real estate consultant tells in KBIA.
China´s is setting up five asset management companies or bad banks to buy up bad debts on a local level, comparable to five national firms that bailed out China´s largest banks in the 1990s. But that will not help, if the current fiscal dilemmas for local governments are not solved, writes financial analyst Sara Hsu in the Diplomat.
The formal arrest and expected trial of Zhou Yongkang means a change in how China is dealing with its ruling elite, tells political scientist Victor Shih in the International Business Times. “No leader is safe from corruption investigation… We see now the rule by law.”
Going global is not easy for Chinese companies, and most of them are not prepared to enter markets outside China, tells author Joel Backaler of China Goes West: Everything You Need to Know About Chinese Companies Going Global at Knowledge CKGCB. Most are losing out on five points.