Moyo says China is adding value to emerging economies

LONDON - China, a key player in international investment and trade, has diversified its economic approach to emerging economies across Africa, South America and Asia, global economist Dambisa Moyo said.

"China's role has changed. Very early on, China's investments tended to be around infrastructure, ownership of a lot of natural resources. But in recent years, China's got a lot more involved in other areas, such as consumer goods, banking, logistics, obviously diversifying their approach in Africa and elsewhere across the emerging markets," Moyo told Xinhua in a recent phone interview.

Moyo attributed the change partly to the increasing demands from Africa for better governance and better participation in investment China has been making.