China: A Banking Deal and Securing African Investments

China Development Bank has sought a strategic partnership with British financial services firm Barclays. The deal could give the Chinese bank a 7 percent stake in one of Europe's most influential financial conglomerates. Less highlighted has been the strategic advantage Beijing will gain from Barclays' extensive presence throughout Africa. The partnership represents a spectacular coup for shoring up Chinese investor interests in Africa, since beyond buying African government loyalties, Beijing now will be securing the loyalty of business for continued Chinese investment in Africa.