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China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.
China's online sales reached 7.3 trillion yuan in the first nine months, up 16.8 percent year-on-year, more than double the overall brick-and-mortar and online retail sales growth in the same period, data from the National Bureau of Statistics showed.
China's huge market potential in the IoT industry and its strong willingness and drive for innovation have attracted global firms to set up IoT labs in the country.
China's money supply growth exceeded expectations last month and credit increased, further bolstering stable economic growth, the central bank said on Wednesday.
China's job market grew steadily during the first three quarters of the year, as the country's registered unemployment rate fell to 3.82 percent in September, the lowest since 2002, China's top human resources authority said on Wednesday.