Sanctions against Chinese firms causing jitters
23.01.2009
The World Bank’s decision to shut out four Chinese firms from taking part in any of its projects around the world is likely to draw a cold reaction from African countries, many of which have turned to the Far East for economic partnerships. Political analysts say the World Bank’s move against the firms – three of which have lucrative infrastructure contracts in Kenya – is bound to be interpreted as a move against China’s growing political and economic clout in Africa by Western economic powers.