Friday, October 26, 2012

CHINA AND AFRICA

Opportunities and Challenges


CHINESE investment in Africa grew much faster in recent years.

Not only that this country is now Africa trading partner since 1990's when it decided make use on their new policies of foreign investment.

Much has been written of China involvement of African resources, others questioning this friendship and saying that China is not a true friend of Africa.

Critics fear that China is a new colonial power, plundering Africa resources. Africa has a long history of unhappy experiences with outside powers coming to exploit the continent.

Some Africans do believe that what China is doing to day is not different what Colonial powers did, always pretended to be the savior of Africa. Once they get what they want, then likely to forget about Africa.
The growing cooperation between China and the Continent caused a big debate among media practioners,Western Coutries, scholers and other peoples .

Among who critisizing th is US, because now China is her big economic threat.
In her recent speech, Secretary of State Hillary Rodham said "New colonialism threatening the African continent...We saw that during colonial times, it is easy to come in, take out natural resources, pay off leaders and leave," she said, in a thinly veiled swipe at China.

However to some others around the continet including Government leaders, Politician including also China disagree with the criticism that China is extracting African resources without benefiting local residents and given some examples on how China has undertaken a number of projects to the benefit of local communities.

The main sectors that Chinese Companies are focusing on in Africa is  energy, and according to the recent report issued by Ernst & Young and published by Xinhua, Outside direct Investiment by China’s energy and resources industries reached around $239 billion from 2005 to the first half of 2012.

But when you come to the truth who is benefiting, you can get various views , some are saying African coutries are benefiting others saying not because China is coming to Africa looking for resouce-rich , like energy, while African remained as exporters of clothers and phones.

Commenting on this  Dominic Mhiripiri  questioning the friendship of China to Africa,  reffring his article  to the one wrote by Dambisa Moyo June 27, who blamed thoseAfrican Government staying in power by relying on foreign aid, while their resources are taken with other coutries.
 
 
 
 
 
 

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