Economics: China strategy gains trade in Africa

Mozambique's President Armando Guebuza (photo: dpa)
Mozambique's President Armando Guebuza (photo: dpa)

China and Mozambique have developed a mutually positive relationship increasingly based on trade and economic cooperation, writes a GIS expert

TEN years ago China officially announced its strategy to ‘go out and buy’ in developing countries.

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It followed decades of isolation while China converted the old communist system into an export-oriented economy, based on low - cost labour, undervalued currency, and an aggressive promotion of foreign trade and investment.

This strategy, laid down by Deng Xiao Ping after the death of Mao Tse Tung, would lay the guidelines for Chinese action in Africa.

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