The Centre for Chinese Studies

The Centre for Chinese Studies (CCS), at Stellenbosch University, serves as the most prominent and high quality point of reference for the study of China and East Asia on the African continent.

Latest Commentary

The Internationalisation of Renminbi in an African Context

chinas-renminbi19 September 2016

Beyond the usual motifs of China-Africa co-operation in infrastructural development and extractive industries, the forthcoming inclusion of the Chinese Renminbi (RMB) into the International Monetary Fund’s (IMF) Special Drawing Rights Basket on 1st October 2016 potentially harkens new types of financial co-operation between China and Africa. Including the RMB into the global basket of reserve currencies is a natural corollary to China’s expanding scale of trade and investment flows globally, and Africa is a region with rising uptake of the RMB given the depth of China-Africa mutual interests. However, these new modes of financial co-operation also depend on China’s own complicated relationship between RMB internationalisation, capital account liberalisation and exchange rates regimes. Resultantly, these complications can affect the speed of RMB uptake in Africa, such as the non-granting of Qualified Foreign Institutional Investor (QFII) status, while exerting spillovers effects to China-Africa outbound Foreign Direct Investment (FDI). [Continue reading]

By Yi Ren Thng
Visiting Scholar
Centre for Chinese Studies
Stellenbosch University

 

Recent Publications

Economic repercussions of the Look East Policy in Zimbabwe

ccs_pb_china_zimbabwe_look-east-policy_2016Policy Brief no. 3 – September 2016

In 2003, Zimbabwe formally announced the Look East Policy (LEP) in the face of economic sanctions by the West. This, coupled with the Forum on China-Africa Cooperation (FOCAC) of 2000, has strengthened trade and bilateral investments between Zimbabwe and China. China is increasingly involved in Zimbabwe’s agriculture, mining, construction, and tourism industries. There is also an influx of Chinese entrepreneurs in Zimbabwe’s retail industry. The repercussions of the LEP have been mixed. In this policy brief, we critically engage with three sectors: agriculture, mining, and the informal sector; in order to provide an overview of the effects that LEP has had on Zimbabwe focusing on the period 2010-2016. We also propound some recommendations for more positive outcomes in the future. [Continue reading]

 

CCS in the Media

凝聚全球治理“杭州共识” / Unite global governance “Hangzhou Consensus” – Zhejiang News

2016年9月4日 / 04 September 2016

本报杭州9月3日讯 (记者 王庆丽 陆遥 陈颖 白丽媛 李知政) 这是一项凝聚着500多位国际工商界代表实践经验和理性思考的智慧结晶;这更是一份旨在推动全球经济强劲、可持续和平衡增长的宝贵建议。 围绕G20峰会主题与议题,今年B20就“创新增长方式”“更高效的全球经济金融治理”“强劲的国际贸易和投资”“推动包容联动式发展”四方面提出政策建议,形成《2016年B20政策建议报告》(以下简称《报告》),为G20出台全球增长对策和全球治理方案建言献策。
As reported in a Hangzhou newspaper on September 3 (by reporters: Wang Qingli, Chen Ying, Lu Bai Liyuan, and Lee Ji Zheng) the B20 is a crystallization of more than 500 representatives with international business experience, aimed at promoting a global economy with a strong, sustainable and balanced growth.  Around the G20 summit themes and topics, this year’s B20 proposed four areas of policy recommendations to form a ‘2016 B20 policy recommendations report’, the G20 issued a global growth strategy, a global governance program and made suggestions on “innovative growth”, “more efficient global economic and financial governance”, “strong international trade and investment” and the promotion of  “inclusive joint development”  [Continue reading]