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May 27, 2014

Just a few weeks after visiting Chinese premier Li Keqiang admitted that China was going through "growing pains" in its engagement Africa, Beijing's central bank chief, Zhou Xiaochuan, acknowledged some of the 2,500 PRC companies operating in Africa are behaving "not so good, not so satisfactory.” Zhou made the comments after signing a landmark $2 billion financing deal with the African Development Bank in what seemingly appears to be a new, more humble diplomatic approach to its foreign policy engagement on the continent.