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The Chinese and African Dream
Former President of the Federal Republic of Nigeria Olusegun Obasanjo expounded his understanding of the Chinese dream and its implication for Africa
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VOL.3 July 2011
News Roundup

 

Shopping Leader

China

Chinese mainland tourists spent more on shopping in 2010 than any other nation according to the first Chinese Luxury Traveler White Paper. The paper, released by the Hurun Report in association with the International Luxury Travel Market Asia, said that tourists from the Chinese mainland consumed 17 percent of the global shopping market, a 91 percent increase from 2009. It was the first time Chinese have topped the consumer index, followed by Russia (accounting for 16 percent), Japan and the United States (both with 5 percent) and Indonesia (4 percent).

 

 

Numbers

62%

The percentage of Chinese who believe they will have a better life than their parents do after retirement

 

$230 million

China's spending for improvement of rural environment in 2011

 

50%

The percentage of Kenya's population who will be living in the cities by 2033

 

$61.5 billion

Trade between China and SADC countries in 2010

 

 

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