"The phenomenon of China in the global arena is quite significant. It presents opportunities and challenges which African policy makers and thinkers must take very seriously and respond to it very intensively. This is particularly so as other regions of the world, not the least the OECD countries, Asian and Latin American countries are already responding to this phenomenon. In this regard, the African Economic Research Consortium is embarking on an in-depth research on Impact of China and India on Africa."