But he said the downturn also provided an opportunity to forge a new relationship whereby Africa drives its own development agenda in partnership with the world community.

VOA: standard.2009.06.10

"I think we are recognizing that the Washington consensus on economic policy is over - that the old world has gone, that we have got to build a new consensus on economic development for the future,".

VOA: standard.2009.03.25

The problems contrast sharply with the success in China of more low-key conglomerates such as New World Development and Cheung Kong.

CNN: BUSINESS

New World Development and Hopewell Holdings didn't respond to requests for comment.

WSJ: Big Players Cash Out of Hong Kong Property

For instance, the government is now the owner of nearly 12% of New World Development and of more than 10% of Cheung Kong, two giant property conglomerates.

ECONOMIST: Hong Kong