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    2006-11-08

    Swap between Africa and China

    The Africa-China summit held in Beijing attracts much attention. The big basket of deals is considered to be China's big move both politically and economically.

    In an article (http://blogs.iht.com/tribtalk/business/globalization/?p=212), the author said it could be possible Africa would become a migration target for China's current low-cost labor market.

    That' quite impossible.

    If that's really the case, the westerns wouldn't overlook the chance. The labor cost in Africa may be really among the lowest in the world but additional costs would be highly formidable such as organization and transportation fees. The only possibility is still resources related. Some local processing may be value-added and cost efficient.

    Deals between China and Africa this time, sort of swap.

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