China's state-led approach to foreign investment is muscling India aside in its traditional backyard by investing $700m in a special economic zone on 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.
He said China's “different approach”, which forcefully combined business and government interests, was in contrast to India's more fragmented style, which had less state backing.
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