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Stylish Dinosaur
- Joined
- Oct 13, 2006
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Interesting POV ...
But not something that I would subscribe.
Africa trades with China because China is pumping tons of high fixed cost investments in Africa to gain access to natural resources such as oil and minerals. Because of the acceptance of Chinese businesses in Africa, Chinese apparel manufacturers have set up manufacturing plants in Africa. I went to Gap recently and found some merchandise that were made in Lesotho.
http://www.irinnews.org/Report.aspx?ReportId=76405
From the Report:
The Chinese presence in Lesotho is not a new phenomenon. For more than a decade, immigrants from mainland China, Taiwan and Hong Kong have fuelled Lesotho's economy, as apparel manufacturers from Asia were drawn by tax incentives and rent discounts to attract foreign direct investment.
Today these textile factories are the country's biggest employers, providing more than 40,000 jobs, according to the country's Ministry of Trade and Industry.
Are you surprised?
They're heavily investing in Algeria in building infrastructures...
They bring their own workers and tend to avoid employing locals...
Africa used to be chasse gardee of the European powers such as Great Britain ,Italy, France and Portugal ,now Chinese and American are coming to grab the natural resources ...
Gas ,minerals and so on...