DOI 15 April 2008
AFROL NEWS (MASERU)--The United States maintained its lead in foreign direct investment (FDI) in Mozambique, despite a very large increase in Chinese FDI in 2007. Chinese agriculture, forestry, and public works investment jumped from USD3m in 2003 to USD60m last year, moving China from ninth largest investor in Mozambique to sixth. Source: http://www.afrol.com/articles/28609 (Reliability: 6)
Comment: China's major interests in Africa are raw materials, as well as diplomatic support, particularly in United Nations chambers regarding Taiwan. China has waged a very effective public diplomacy, governement relations, and investment campaign in Africa since the 1990's, often outpacing and outmanoevering the United States. Not counting multilateral investments, the United States (USD281m) and Switzerland (USD170m) provided the largest FDI in 2007.
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