China's growth model the envy of Africa

China has succeeded in generating abundant local and foreign capital rather than foreign aid.

As China's leaders follow the debate initiated by Britain's Tony Blair of how best to reverse sub-Saharan Africa's slide into wretchedness, they must be feeling quietly pleased with the contrast to their own country. Some 30 years ago, average per capita incomes in sub-Saharan Africa were twice that of South and East Asia - today they are half that level.

While Africa and its donors focus on aid - how much of it, to whom, from...

To continue reading, please login or register for free

Click for more on: chinas | growth | model | envy | africa

Print Edition

FinanceAsia Print Edition

CONFERENCES