In Africa, it’s China vs India and Japan


Sunday Guardian reports:
China's policy of injecting investments and reaping disproportionate economic and strategic benefits out of it, is strikingly reminiscent of mercantilism, leading to a steep rise in Beijing's capacity to invest further and holding unprecedented foreign exchange reserves. The mercantilist policy approach adopted by Beijing can be credited for it becoming a global economic powerhouse that is launching strategic ambitions well beyond its immediate territory and shores. This brings to focus the Belt and Road Initiative announced by Chinese President Xi Jinping, which could well become the defining legacy of Xi's rule.
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