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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (23413)7/26/2005 3:18:08 AM
From: GUSTAVE JAEGER  Read Replies (2) of 81821
 
Re: ...China is moving into Africa wherever it can and gives aid and develops the place with no strings attached, unlike the West which insists on all kinds of preconditions.

Well, the way I see it is that the West's so-called (political) preconditions are but a fig leaf to conceal the economic exhaustion of the West and particularly Europe. For most of the past 50 years, Europe's been Africa's #1 trade partner. However, as I said earlier, Europe's sluggish GDP growth (Italy's GDP is in recession for FY'05) is no match for China's.

Remember the US mantra for Africa during the Clinton years? "Trade, not Aid!"... If anything, sounds like China just beat the West at its own game....

Gus
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