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RE: China is a Developing Country
Absolutely brilliant article! I am South-African, part of BRICS, and have always wondered why China was part the so-called developing economies. From my perspective, China has been using its vast development advantages to dominate Brazil and South-Africa in terms of economy.
At this moment, about 23% of South-Africa belongs to China because of BRICS. (Indirectly through industry etc.)
Hi @business-trail, many thanks, I have always wanted to explore this myself.
Of course there is money to be made in "Africa" and China is there. They go in and don't make a splash - why shout about it and make a scene. If it is not a success then people will call you an idiot, if you are them all the better.
It is a win-win situation, it may not seem like it but with development comes everything else. I'm not clear about the financial aspect or what will happen down the road but the immediate benefit is all to see.
As I remember Hainan Air is one of the biggest airline investor in "Africa" and they together with one of the African country have successfully setup a regional airline.