Déjà vu from the East?

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ICBC's $5.5 billion deal with South Africa's Standard Bank is China's biggest investment to date in any foreign market.  It adds to over nine-hundred Chinese companies already present on the continent. From the International Herald Tribune:

The fact that a top Chinese banker brackets Africa with Asia is one more sign that the Asians themselves see what is happening in Africa as a repeat of what happened to them 20 and 30 years ago.

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