Friday, February 24, 2006

China donating Maize to Zim

China has donated 3,000 tons of maize to Zimbabwe, where hopes of a good harvest this year are fading fast, state radio reported today.

China's expanding economy is seeking friends in Africa...partly to get oil etc. and partly to get markets to sell their goods.

The bad news is that this will undercut the local manufacturing markets, the same way as cheap Chinese goods have discouraged local Philippino factories.
The good news is that they are filling a vacuum left by the departure of European and Indian businesses...

This is, of course, Neocolonialism....but I don't consider that a dirty word..

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