Is China really backing away from Africa, as a new report in The New York Times suggests?
Not likely. The Times reports from Guinea, a country that has little going for it economically or socially In more robust countries such as Kenya, Ghana and Zambia, Chinese investment is part of a mix of foreign capital. With growing cities, many African countries represent a rare opportunity to take advantage of new consumer demand. The Chinese investment in infrastructure have grabbed much attention, but more important are Chinese consumer products. Indian capitalists have the same idea, pursuing a range of everyday products that undercut prices on European-made goods, which for decades dominated shops in African cities.