OPANGA: Africans must analyse lending by China, ensure it’s in their interest


By KWENDO OPANGA
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“Africa’s lions are surging forward, China’s development is unstoppable”- Xinhua

The triennial powwow named Forum for China-Africa Cooperation (Focac) where Beijing played host to all but one of Africa’s 54 heads of state and or government riveted the world’s attention.

Why would the entire African leadership troop to Beijing? Why is this two-day indaba important? Herewith six basic markers about China:

In August 2010, China overtook Japan to become the world’s second largest economy. Tokyo itself reported that China’s Gross Domestic Product (GDP) stood at $1.337 trillion (Sh100tn) to Japan’s $1.288 trillion.

In 2013, China overtook the US as the world’s leading trading nation in goods. That means China’s annual trade in goods surpassed…

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