Mauritian imports from these two countries saw their percentage share in total imports more than double, rising from 16 per cent in 2000 to 36 per cent in 2010. Exports to Chindia, although still a trickle, quadrupled their percentage share. As the Western economies lost momentum and FDI outflows fell off, China and India readily picked up the slack.
Businesses in emerging markets are doing particularly well from this. We read in the Indian press headlines such as Billionaires Go on Buying Spree in Africa. We learn they are investing in some 80 ventures in Africa, the new girl in town, winning every beauty contest. China is the largest investor in Africa. China and India are not being charitable.