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Dambisa Moyo: China Using Current Market Instability to Take Power Away From US, European Societies

International development economist Dambisa Moyo. AFP.

China is using the current economic downturn “as an opportunity to take geopolitical power away from Western societies,” said international development economist and best-selling author Dambisa Moyo in an interview with the institutional finance publication Investment & Pensions Europe.

Moyo, who also worked at the World Bank and Goldman Sachs, has long been a critic of the U.S. and European-led financial system as it relates to Africa and has generally been quite supportive of China’s engagement strategy in Africa. 

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