Comments on: Chinese Business Group Invests in Rwanda http://www.bloggernews.net/1286 High-quality English language analysis and editorial writing on the news. Thu, 26 Nov 2009 18:13:35 +0000 http://wordpress.org/?v=2.3.3 By: Eric Karisa http://www.bloggernews.net/1286#comment-1081693 Eric Karisa Fri, 27 Mar 2009 01:06:13 +0000 http://www.bloggernews.net/1286#comment-1081693 Chinese investment in Africa, although fundamental different in scope from the the traditional "colonial" powers' investments, there is an ominous quality here. China, is primarily interested in Markets.Markets.Markets. for its products. Indigenous African manufacturing cannot face the gale force of China. China will dump, cheap--and sometimes dangerous products--on the African market. China will not adherence to copyright, patents or Trademark. See the pharmarceutical nightmare unfolding in Africa right now with poor imitation-drugs, Lubricant Oils, etc.. In nascent industries like ours, this would be ill advised. I am not suggesting that Western economies are preferable. By no means! On the contrary, giving African industry the capital and then market access in the Developed world will give us a true chance. See Ghana's remarkable growth in the last 23 years. Finally, what is the Trade Balance with China. How much does Africa export to China (Value-added)products. And how much, in turn, does China export to Africa? This imbalance--as you will note--bears the same 'structural' disequilibrium we have had with Europe and America for the last 50 years! Chinese investment in Africa, although fundamental different in scope from the the traditional “colonial” powers’ investments, there is an ominous quality here. China, is primarily interested in Markets.Markets.Markets. for its products. Indigenous African manufacturing cannot face the gale force of China. China will dump, cheap–and sometimes dangerous products–on the African market. China will not adherence to copyright, patents or Trademark. See the pharmarceutical nightmare unfolding in Africa right now with poor imitation-drugs, Lubricant Oils, etc..

In nascent industries like ours, this would be ill advised. I am not suggesting that Western economies are preferable. By no means! On the contrary, giving African industry the capital and then market access in the Developed world will give us a true chance. See Ghana’s remarkable growth in the last 23 years.

Finally, what is the Trade Balance with China. How much does Africa export to China (Value-added)products. And how much, in turn, does China export to Africa? This imbalance–as you will note–bears the same ’structural’ disequilibrium we have had with Europe and America for the last 50 years!

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