Hao Hao ReportThe best China news and blog posts

China is rapidly buying up Africa's oil, metals and farm produce. That fuels China's surging economic growth, but how good is it for Africa? Or more to the point, does anyone really care??

Is China "invading" Africa? For the Chinese, Africa offers new business opportunities while the Africans find a new creditor.

Has the recent attack on Chinese oil workers shaken Beijing's resolve in Africa? Not really.

Hu Jintao is going back to Africa, and he plans on making a stop in Sudan. Everybody is watching to see how he'll wield China's growing influence on the continent.

A short summary of The Economist's recent 14-page report about China's "hunger" for natural resources and its impact on the global economy.

An interesting Bloomberg column by William Pesek discusses the recent 20% purchase of Africa's largest bank, Standard Bank Group, by the Industrial & Commercial Bank of China (ICBC).

Pesek does a good job if illustrating how this might be a changing point in China's otherwise dim history of investment in the continent. He also does well to show how it differs from the usual Western "white knight" investments:

This is the final part of a series in which we look at China’s emerging relationship with the Africa. The first part of the series examined China search for oil on the continent, while part two looked at what China was giving back to Africa. Part three examines the Sino-African relationship, its current state, and possible future.

Although the Conservatives have successfully painted a picture that the Chinese are scooping up Canadian resources fast (and not the Americans), the fact is: the hype has already gone. The Harperites who are standing guard for our resources AGAINST CHINA's buying spree could be worry free now.

China and India's growing trade and investment in Africa holds great potential for African economic growth, a World Bank report has said.