Myths About China and India’s Africa Race

September 27, 2011 at 8:25 am

The two Asian giants are focusing on Africa as never before, write columnists Anil K. Gupta and Haiyan Wang, leading to many misconceptions about the role Chinese and Indian companies are playing there.

More countries in Africa are joining the global economy. Over the last decade, the continent’s GDP expanded at an average annual rate of 5.1 percent, low compared with emerging giants like China and India but still well above the global growth rate of 2.9 percent. During this period, Africa also became far more globally integrated and saw its merchandise trade grow at an annual rate of 12.9 percent, vs. a global growth rate of 8.9 percent.

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by Anil K. Gupta and Haiyan Wang via Bloomberg Businessweek

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Entry filed under: Africa, Asia, China, India.

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