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 whom - the question has never had much resonance in China. In contrast to Africa, and indeed to many other Asian nations, the mainland achieved economic takeoff without being the recipient of vast amounts of...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222