Monday, January 18, 2010

India-China-Africa economic diplomacy

(All from a Mint article - 19 Jan 2010)
Indias trade with Africa = $39 billion
Chinas trade with Africa= $100 billion

China gave Angola a $2 billion soft loan - which beat India's and thus it has an upper hand there

India promised $5.4 billion lines of credit to African countries
till now (19 Jan 2010) has disbursed about $1 billion