Africa’s ties to China and the West are starting to look more alike

México Noticias Noticias

Africa’s ties to China and the West are starting to look more alike
México Últimas Noticias,México Titulares
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

China has financed, developed or operates 35 big African ports and thousands of miles of roads and railway lines. However, many worry that China is losing interest in Africa

In truth, relations between African countries and China are rather less sunny and far less equal. But they are deep. China has financed, developed or operates 35 big African ports and thousands of miles of roads and railways. Trade in goods between Africa and China, which reached almost $200bn in 2019, far surpasses that with America . Infrastructure loans have made China Africa’s biggest bilateral creditor.

The shrinking promises of future largesse match what is already happening on the ground. In 2019 Chinese lending to Africa fell to $7bn from a peak of $28bn in 2016, according to the China-Africa Research Initiative at Johns Hopkins University. This is partly because several African countries struggled to repay their loans and asked China for debt relief. Meanwhile Chinese construction and engineering firms’ African revenues have been sliding steadily since 2015.

Yet money is not the only thing that China has to offer to cement its links to African countries. Its policy of non-interference in domestic affairs means it is just as happy dealing with despots as it is with democrats . It trumpets this by saying that its aid comes without political strings attached, though in fact it expects countries getting Chinese aid to support it in international organisations and to suppress criticism about its own abuses of human rights.

Even so, China’s help is now less distinctive than it was in the past, when it was more willing than other donors to finance big infrastructure projects aimed at helping Africa industrialise, laments Carlos Lopes, an economist at the University of Cape Town. These days “it’s about Africa as a consumption market,” he says.

Even as China’s involvement in Africa begins to look more like the West’s, Western countries are starting to mimic China. On a recent visit to Nigeria Antony Blinken, America’s secretary of state, sounded almost Chinese when he said America had provided vaccines against covid-19 “with no political strings attached”. This week the

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

TheEconomist /  🏆 6. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

China advisers to recommend lower 2022 GDP target as headwinds grow - sourcesChina advisers to recommend lower 2022 GDP target as headwinds grow - sourcesAdvisers to China's government will recommend authorities set a 2022 economic growth target below the one set for 2021, giving policymakers more room to push structural reforms amid growing challenges to the outlook.
Leer más »

IOC Holds Second Video Call With Peng Shuai Ahead of In-Person January Meeting in ChinaIOC Holds Second Video Call With Peng Shuai Ahead of In-Person January Meeting in ChinaChinese tennis player Peng Shuai virtually met with IOC President Thomas Bach and members of the IOC Athletes' Commission.
Leer más »

China Protests ‘Politicization of Sports’ After Suspension of Women’s TennisChina Protests ‘Politicization of Sports’ After Suspension of Women’s TennisChinese authorities protested the departure of international women’s tennis amid concerns over the safety of star player Peng Shuai, while at the same time moving to suffocate a brief flurry of online chatter about the news
Leer más »

Bruce Willis’ ‘Breach’ Secures Major China Streaming Release (EXCLUSIVE)Bruce Willis’ ‘Breach’ Secures Major China Streaming Release (EXCLUSIVE)Bruce Willis-starring sci-fi action film “Breach” is to receive an online release next week in China across five major streaming platforms. Leeding Media, which has offices in Los Angeles and Beiji…
Leer más »

WTA to AP: Loss of China events over Peng could go past '22 | AP NewsWTA to AP: Loss of China events over Peng could go past '22 | AP NewsThe suspension of all WTA tournaments in China because of concerns about the safety of Peng Shuai, a Grand Slam doubles champion who accused a former government official there of sexual assault, could result in cancellations of those events beyond 2022, the head of the women's professional tennis tour told The Associated Press on Wednesday.
Leer más »

China property market to keep cooling into H1 2022 on tight curbs: Reuters pollChina property market to keep cooling into H1 2022 on tight curbs: Reuters pollChina's property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed.
Leer más »



Render Time: 2025-03-01 04:45:06