Transferring “Yellow River Capitalism” to Africa and Its Implications

It is evident that China’s presence in Africa has changed the African economic, social and political landscape in recent years. Both positive and negative outcomes were reported. Nevertheless, to build successful and sustainable businesses in the broader African society, it is found that Chinese enterprises need to focus on host-country nationals’ skill training and development, and adhere to and uphold local employment laws and labor practices. Chinese enterprises need to adopt a new dimension of cross-cultural management that blends the Confucian values and Ubuntu ethos. The aim of such cross-verging managerial approach is to build an ideal type of international organization that would help balance local African employees’ work and life while achieving sustainable international businesses.