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Chinese investments: Winning the perception battle in Africa
Jan 02: The Chinese are becoming increasingly aware about resistance building to Chinese investments in some parts of the world.
8In 2018, the committee on Foreign Investment in the United States (CFIUS) blocked Broadcom’s takeover of Qualcomm in one high-profile example. Malaysia—increasingly wary of Chinese investment—froze $20 billion in Chinese projects. And countries such as Australia, France, and Germany strengthened oversight of inbound FDI.
8In this context, the Chinese seems to be winning the public relations battle in Africa.
8China was able to do so using a “five-no” approach.
8The Chinese example can be a lesson for India which also has a heavy-handed footprint in countries over which it exerts a lot of influence.
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