The Centre for Chinese Studies
The Centre for Chinese Studies (CCS), at Stellenbosch University, serves as the most prominent and high quality point of reference for the study of China and East Asia on the African continent.
On 20 January 2016, President Ismail Guelleh of Djibouti announced the establishment of a Chinese military outpost in the African enclave. Scheduled to be completed in 2017, the base will act as a command and logistics hub to enable Beijing extend its maritime reach and provides an airfield which will increase its ability to gather intelligence reports in the Middle East, Northern and Eastern African regions. While the establishment of the base has attracted much international media attention, the base is a raft of new Chinese initiatives which offers the promise of economic growth in this small African country. [Continue reading]
Three decades of average double-digit growth has helped propel China into the world’s second largest economy with global economies increasingly reliant on China to drive economic growth. As China transits from an investment-based economy to a consumer-based economy, its demand for raw materials is declining, affecting commodity prices, impacting on commodity sellers and exerting pressure on currencies around the world. With China’s position as Africa’s biggest trading partner, fears persist that the economic slowdown in China is being widely felt in Africa due to the huge trade volume between China and Africa, thus exposing African economies to spillages from the Chinese economy. This policy brief examines the current state of the Chinese economy and its impact on African economic growth and recommends a blend of policy measures aimed at curtailing the impact of the Chinese slowdown on Africa’s economy. [Continue reading]
The proliferating Chinese presence in the foreign real estate business is a pertinent subject of debate the world over. Australia, New Zealand, the United Kingdom and several other countries, fear that Chinese interest in property acquisition in their respective countries is leading to inflated house prices. In the midst of these trends set by the Ultra High Net Worth Individuals (UHNWI) from China, African countries are now emerging as prospective destinations for large numbers of empowered Chinese middle-class homebuyers. South Africa and Mauritius distinguish themselves as two of the preferred destinations of this segment. As foreign property ownership mushrooms in the two countries, evaluations indicate that the countries fail inadequately regulating these investments to match their existing socio-economic, environmental and political contexts. [Continue reading]
CCS in the Media
There is no doubt that China means business in sub-Saharan Africa. Its investment in the region rose from next to nothing in 2004 to $3.1 billion (£2.1 billion) in 2013. In the same year, according to the World Bank, China became sub-Saharan Africa’s largest export and development partner, representing about a quarter of the region’s trade. [Continue reading]