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Between China And Japan, A Tug-Of-War Over Africa

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AFRICANGLOBE - Diplomatic tensions between China and Japan showed no signs of abating this past week as the two countries traded barbs over Africa. On Thursday, Lu Shaye, head of the Chinese Foreign Ministry’s African affairs department, defended China’s engagement in the continent. China is “sincere,” Mr. Lu said, “unlike some countries” that he said are driven by self-interest and politics.

China and Japan Currency Swap – A Nail in the Coffin...

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China and Japan have taken a decisive step to diversify their reserve holdings away from the dollar. African peoples have a lot of lessons to learn from both the capitalist crisis in Europe and this new financial arrangement.
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