Sino-Bots trade doubles in seven years

"It is interesting to see how commerce and politics will interact". Addressing a Stanbic Bank Botswana business breakfast after the landmark Standard Bank-Industrial Commercial Bank of China (ICBC) deal at the GICC, Davies who appeared to be rooting for China, said the communist country's inroads into the world trade arena was facing resistance from Washington and Brussels.

China, which experienced a red-hot GDP growth of 11 percent last year, has over a trillion dollars in cash to invest in emerging markets like Africa.
The 1.3 trillion dollars (about P8.4 trillion) excess liquidity is creating problems for the economy, which faces problems of inflation. Part of the Chinese excess capital now forms the $200 billion (about P1.3 trillion) Sovereign Wealth Funds (SWF), which faces stiff resistance from the protectionist economies of Europe and the US.