China’s massive growth has left her in need of new energy and raw materials sources to fuel her fast developing economy. Consequently, China has turned to the African region to meet such critical needs. To this end, China’s emerging economy appears to be associated with an increasing strengthening of its political and economic relations with sub-Saharan African countries, particularly with South Africa. At the same time, South Africa is also enjoying improved relations be it economic, political and social with China. This research has three tasks: first it will examine the impact of the China- South Africa political and economic relations on the socio-economic fabric of South Africa. Secondly, this project will ascertain the opportunities and challenges presented by China’s relations with South Africa. Finally, this study will investigate whether this relationship is mutually beneficial or one-sided. A combination of the realism, Balance of Power, Heckscher-Ohlin theory, and notions from the Liberalist approach to International Political Economy theories will be used in explaining the China – South Africa relationship. The study will mainly take the form of a qualitative study and will mainly entail the examination, analysis and interpretation of documentary secondary data published in a variety of financial journals, non-profit organisations such as the Trade Law Centre for Southern Africa (TRALAC) and the South African Institute of International Affairs (SAIIA), government departments, reports and articles in the media as well as research conducted by other students. / Thesis (M.A.)-University of KwaZulu-Natal, Pietermaritzburg, 2013.

Thesis (M.B.A.)--University of Hong Kong, 1993.

When implemented within a favourable legislative framework, Foreign Direct Investment (FDI) can produce domestic growth-enhancing spillovers in host countries. Other potential positive effects include the provision of investment capital, the creation of local employment and the transfer of sophisticated technology or advanced knowledge. African nations in particular have been historically reliant on externally-provided funds. Prevailing low income levels, marginal savings rates and the absence of functioning financial markets necessary to provide local start-up capital continue to keep Africa reliant on foreign inflows. Considering China’s increasing financial commitments to Sub- Saharan Africa (SSA) over the last decade, this study examines the state of current Sino-African investment relationships. Specific attention is paid to the outcomes of this strategic bilateral alliance in order to determine whether or not a mutually beneficial investment relationship has evolved. The distinct nature and structure of, the motivation behind and the most significant determinants of Chinese FDI to SSA are all analysed in accordance with traditional FDI theories. A case study approach is used to establish whether China’s contemporary interest in SSA differs from historical investments and to also investigate country-specific commonalities and differences. Of particular relevance to SSA are resource-backed Chinese loans that finance major infrastructure projects in host nations. Interestingly, a lot of the Sino-African investment packages resemble similar deals struck between China and Japan in the 1970s. The results of this study indicate that China’s investment motives seem more diverse than initially expected. Resource-seeking, profit-seeking and market access-seeking reasons appear to be the most important motives. After establishing the Top- Ten recipients of Chinese FDI in SSA, these nations are then classified into three major categories: resource-, oil- or agricultural-rich nations. Undiversified resource- or oil-rich economies are found to have secured the largest shares of Chinese FDI. This study suggests that China’s contemporary “African Safari” is an unconventional way of providing financial assistance. Rather than solely supplying FDI, China finances a diverse mix of instruments, the most important being concessional loans, export credits, zero-interest loans and the establishment of Special Economic Zones. A profound difference to traditional Western investment packages is China’s non-interference approach. Accordingly, Beijing not only refrains from intervening in host countries’ domestic affairs but also refuses to attach formal conditionalties to its loans. China’s “financial safari” into Africa has produced many positive as well as negative effects in host countries. Nevertheless, it would seem that the positive effects outweigh the negative and China’s FDI could contribute to sustainable development in SSA

The characteristics of the Sino-Soviet Alliance have been analyzed extensively for more than three decades. However, the economic aspects of this Alliance remain unclear. A number of factors, such as statistical discrepancies, complexity of interpretation, and the quality and reliability of the Chinese and Soviet sources , are accountable for this obscurity. A more narrowly focused study examining the role Sino-Soviet economic relations played in shaping the Alliance is useful to better our understanding. After a chronological, review of the Sino-Soviet economic relationship, its significance in shaping the Alliance is examined through the reappraisal of three major areas. Firstly, the relative costs and benefits for each partner are assessed in an objective and detached way. The Soviet Union made a decisive contribution to China's industrialization. Soviet financial aid , though modest in figure, was provided in a timely way. Together with the provision of scientific and technological knowledge, the value of Soviet aid must be regarded as considerable. The benefits to the Soviet Union were less impressive; but since the imported Chinese consumer goods were largely consumed in the Soviet Far East, the benefits should not be underestimated. The cost for both sides remains obscure; though it is obvious that the questions of "Soviet exploitation", concerning the joint-stock companies, the overvaluation of the rouble and the pricing in Sino-Soviet trade are highly complex and should be interpreted with greater care. Secondly, the effect of Sino-Soviet economic cooperation on the Alliance — whether it strengthened or weakened it — is explored. Undoubtedly, the economic relationship had both unifying and divisive effects. It was a unifying factor because the Soviets had provided China with support and assistance that would have been difficult to obtain elsewhere . Another factor which had tied China to the USSR was the strong Soviet influences resulting from the implementation of the Soviet model and the close cooperation in the fields of education and sciences. On the other hand, these Soviet influences proved to be a divisive factor as well, because they produced a domestic political and social situation that Mao found profoundly distasteful. Different economic interests and competition in foreign aid programs also created tensions and frictions. The independent outlook of China's leaders made them resentful of their role as a junior partner in the early 1950's, and prevented them from entering a long-term trade agreement with the USSR or joining the Council of Mutual Economic Assistance, as the Soviets had wished. Finally, the impact of Sino-Soviet economic relations upon China's policy-making is discussed, albeit speculatively. In the early 1950's, China's economic and military dependence on the USSR made its leaders exercise greater caution in their claim of "Mao's Road " as the model for other Asian countries. As China gained strength, however, Soviet influence declined. While the discontinuation of Soviet financial aid can reasonably be regarded as one of the major factors contributing to China's decision to abandon the Soviet model in 1958, the economic pressure applied by Khrushchev failed to change China's policy, and proved counterproductive. / Arts, Faculty of / History, Department of / Graduate

No description available.

University of Macau / Faculty of Social Sciences and Humanities / Department of Government and Public Administration

The main task of this thesis is to investigate economic implications of U.S.- China trade. The study period covers from 1972 to 1992. Data are available from International Financial Statistics, Survey of Current Business, Statistical Yearbook of P.R.China. Various hypotheses are employed to explain the basis and gain of trade, the impact of trade on both economies, and the major determinants of bilateral trade flows. This thesis contains five parts: I. Introduction; II. Outlook; III. Theoretical Analysis; IV. Empirical Study; and V. Conclusion. The major findings of this thesis are that both countries have gained advantages from trade and have also faced some unpleasant problems; several widely recognized theories serve as good approaches to understand these issues; the time series distributed lag models are helpful in explaining the determinants of trade flows.

A dissertation submitted to the Faculty of Humanities, School of Social Sciences, University of the Witwatersrand, in fulfilment of the requirements for the degree of Master of International Relations Department of International Relations, University of the Witwatersrand, Johannesburg, South Africa / Although contemporary analysis of foreign policy now incorporate diverse issues originating from diverse subject areas, it has neglected the issue of change in foreign policy in favour of foreign policy continuity. This paper investigates the subtle changes that China has instituted in its foreign policy towards Africa. It argues that, these subtle foreign policy changes, although beneficial to China, have inherent negative implications on African states and signifies a manifestation of an active, assertive and confrontational Chinese foreign policy in future. In this investigation, China through the implementation of its moralistic five principles of peaceful development, the open door policy and its strategy of instituting policies that target states that it seeks to do business with, has managed to attract and solicit partnership from most African states. Sub-national institutions like the Forum on China Africa Cooperation, the Chinese military, think tanks, Exim Bank and individual Chinese provinces have been tasked to carry out and implement China’s Africa foreign policy. The FOCAC meetings have emerged to be the most important platform through which the notion of change and the main objectives of China’s Africa policy are expressed. There, exists numerous models which can be used to analyse foreign policy change but the paper adopts Eidenfalk’s extent of foreign policy change model to analyse the various issues, both domestic and international, that influence changes in foreign policy. For China, international more than domestic factors wield greater influence on foreign policy. As a result three strands of foreign policy change can be identified in China’s Africa policy i.e. from single aid to aid provided on a win-win basis, from ideological focus during the colonial period to pragmatic considerations and from non-interference to active engagement on the continent. Given the close relationship that had formed between China and most African states, changes identified above, will have negative political and economic consequences for African states. For instance, African states will no longer enjoy Beijing’s cushion against UN sanctions, weakening of African economies and identity crisis are all possible consequences of China’s evolving policy. Zimbabwe is dependent both economically and politically on China. It would follow that any form of change in China’s foreign policy will leave Zimbabwe exposed to the above effects. / MT2017

University of Macau / Faculty of Social Sciences. / Department of Government and Public Administration

University of Macau / Faculty of Social Sciences and Humanities / Department of Government and Public Administration