China's Aid to Africa: More of the Which Way Is Up Problem

The state of economics is pretty dismal these days, which is demonstrated constantly in the reporting on major issues. The NYT gave us a beautiful example this morning in a piece on a pledge by China's government of $60 billion in aid to Africa.

The third paragraph told readers:

"Against longstanding accusations that China benefits from a lopsided relationship with Africa, contentions that have recently gained traction as China’s trade deficits with many African nations have widened, Mr. Xi s...