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  • Book review: 'China Safari: On the Trail of Beijing's Expansion in Africa'

    It is well known that since China began to embrace capitalism in the late 1970s, its economy has, for the most part, raced forward at breakneck speed. Last year, China's economy ranked second in the world, behind only the United States. In order to keep up the frantic pace of economic growth to which it has become accustomed, the formerly isolationist nation has begun to spread its wings. And largely driven by an intense need for more sources of energy, China has been using some of its vast holdings of foreign currency to invest in new opportunities abroad.
    Greg Houl
    2009/06/30

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