The Rise of Chinese Investments in Africa: For Whose Benefit?
Abstract
Ever since China’s rise as a global superpower, there have been numerous debates about its role in Africa both from an Afrocentric and Eurocentric perspective. This is while some view its presence in Africa as that of a donor because of its growing investments, others are not entirely convinced and see China’s rising footprints in Africa as another colonialist state in need of looting Africa its resources. By utilizing a qualitative methodology, this paper ponders Chinese investments in Africa with the view of assessing the drivers underpinning China-Africa relations and how this has been beneficial to both parties concerned. In this vein, the study shows that China-Africa engagements are not something new, their relations dates back for decades though became more prominent from the 1950s after the Bandung Conference. Since then, China has risen to be a prominent player with regards to investments in Africa. It has further established various institutes aimed at strengthening its grip as a noticeable state in Africa’s development and political landscapes. The paper concludes by outlining that China has in some way benefited Africa through its investments over the past few decades and these relations have been beneficial to both parties. However, it argues that for more prosperous relations moving forward, African leaders should utilize institutes such as the Forum on ChinaAfrica Cooperation (FOCAC) to articulate clear policies for their engagement(s) with China and to protect their small and fragile economies from cheap Chinese imports.
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References
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