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Déjà vu from the East?

Jonathan Power writes in the IHT:

"We are focusing on merger and acquisition in emerging markets in Asia and Africa because these places enjoy high growth rates and have great potential.",Jiang Jianqing of ICBC...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.

via PSD Blog

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