China makes foray into Mauritius

Posted on / Asia-Pacific / India - China makes foray into Mauritius .

As the FT notes:

China’s state-led approach to foreign investment is muscling India aside in its traditional “backyard” by investing $700m in a special economic zone in the Indian Ocean island of Mauritius to service Beijing's expansion in Africa.

Ramakrishna Sithanen, the vice prime minister of Mauritius and minister of finance, said China was “extremely aggressively” pursuing its objectives in Africa via Mauritius with a wave of strategic investments on the island.

Let's put this another way - the use of Mauritius as a quite abusive tax haven continues. That's the real truth here.

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