Business and Finance

The great African shmoozefest

wen_in_sa.jpg
Wen Jiabao on a building in Cape Town
Chinese Premier Wen Jiabao is in Africa on a seven nation tour, visiting Egypt, Ghana, Congo, Tanzania, Senegal, Angola and South Africa.

Xinhua is reporting all the usual sentiments about friendly ties and peaceful development etc. The press coverage in your correspondent's home country of South Africa was muted: the main concern was China's commitment to limit textile sales to South Africa, where cut rate Chinese clothing has decimated the local business.

But there are plenty of China-related opportunities for African businesses too, and not just in natural resources sectors.

One example: the image above for example, shows a building in Cape Town draped with a banner welcoming Wen Jiabao to South Africa. At the bottom of the banner is the logo of MIH, a part of Naspers, the South African media company that is one of the largest but least known foreign investors in Chinese media. MIH / Naspers has a stake of about 10% in Beijing Media Group, the 'advertising arm' of the group that publishes Beijing Youth Daily. Naspers also owns a stake in Tencent, the company behind the popular Chinese instant messaging platform QQ.

Links and Sources
 
There are currently 0 Comments for The great African shmoozefest.

Post a comment

All comments are moderated and subject to review by Danwei contributors and editors, but well-grounded and articulate comments will be published regardless of which way they lean. Because comments published on any website ultimately contribute to the character of that website, we may decline to publish comments that are irrelevant, redundant, or that do not adhere to generally accepted standards of courtesy; if you are looking for a fight, there are plenty of other venues available online.


Some useful html: <b>bold</b>, <i>italic</i>,
<a href="http://www.danwei.org">link</a>

Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
China Media Timeline
Major media events over the last three decades
Books on China
Leslie_Chang_Factory_Girls_s.jpg
To die poor is a sin: An excerpt of Factory Girls by Leslie T. Chang.
In Wang Shuo's No Man's Land: Geremie Barme addresses Wang Shuo's 千万别把我当人.
Swimming with Mao, a memoir essay: This memoir piece is by Xujun Eberlein, author of the new short story book Apologies Forthcoming'.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Dragons and branding (2006.12): Should the dragon be retired as China's national emblem? Were dragons real? Read on...
+ One Country, Two Versions (2005.02): CEPA eases co-productions between the mainland and Hong Kong, but does it undermine creativity?
+ Hai Yan: books with the reach of television (2007.09): Hai Yan (海岩) is interviewed by Oriental Outlook (瞭望东方周刊).
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main posts: All main page posts
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30