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Beijing has become less open to foreign businesses, subjecting them to costly fines, denying their mergers, refusing their applications for licenses, and detaining and deporting their managers. And the market has responded: In August, foreign direct investment into China fell by 14 percent from the previous year, following a 17 percent drop in July.
The increased Chinese attention to Africa has been one of the region’s big stories during the last decade, not least because it seemed to come just as the West was losing interest in the continent. Shinn and Eisenman’s book usefully situates this development in a broad historical context, showing important areas of continuity with earlier Sino-African links.