New York Times

China Woos Africa, Casting Itself as Global South’s Defender

Al Jazeera

China’s Xi promises one million jobs for Africa

$50 billion, a million jobs and a red carpet welcome: China woos Africa as U.S. struggles to keep up

Associated Press

Chinese and African leaders hold a summit on deepening cooperation in a divided world

Chinese President Xi proposes elevation of China-Africa relations

During the China-Africa Cooperation Summit (FOCAC) in Beijing on Thursday, Pres. Xi Jinping promised to invest $51B across the African continent over three years, claiming its investments would create 1M jobs.

Reuters

The 2024 FOCAC, the ninth such gathering since its creation, is attended by more than 50 African heads of state, including many, such as presidents of South Africa and Kenya, speaking with Pres. Xi separately ahead of the event.

CNBC

China's investment plan is a 10-part agenda, the goal of which is "modernization that is just, equitable, open, win-win, eco-friendly, featuring diversity and inclusiveness and underpinned by peace and security."

While China has been Africa's leading economic partner since 2009, it failed to buy the $300B worth of African goods it promised at the last summit in 2021.

However, since 2000, China has helped the continent build around 100K kilometers (62K miles) of highways and 10K kilometers (about 6.2K miles), as well as 200 schools, more than 130 hospitals, almost 100 ports, and 50 stadiums.

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During the China-Africa Cooperation Summit (FOCAC) in Beijig on Thursday, Pres. Xi Jinping promised to invest $51B across the African continent over three years, claiming its investments would create 1M jobs.

Reuters #

CNBC #

AA #

While China has been Africa's leading economic partner since 2009, including 1.98T yuan ($279B) in 2023, it failed to buy the $300B worth of African goods it promised at the last summit in 2021.

However, China has since 2000 helped the continent build around 100k kilometers (62k miles) of highways and 10k kilometers (about 6.2k miles), as well as 200 schools, 130 hospitals, almost 100 ports, and 50 stadiums.

While China's economic investments in Africa have certainly been succesful in some ways, such as its construction of almost 200 ports between 1980 and 2000, its more recent Belt and Road Initiative has many shortcomings. For this partnership to truly transform the continent, Beijing must follow its initial investments with thorough project monitoring to ensure each country can afford to maintain this China-funded infrastructure.

The Conversation

The Conversation #

China’s investments in Africa aren’t working as well as they should for cities: this needs to change

The problem with public criticism of China-Africa relations is that you never know which story was influenced by Western intelligence agencies. Whether you like China's investment strategy or not, it's important to know that the majority of African debt is from Western countries and private firms. Those interested in this issue shouldn't let the CIA sway their opinion on the matter.

Youtube

Youtube #

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Pool/Pool/Getty Images News via Getty Images

China Offers Africa $51B and 1M Jobs

China

Politics

Kenya

Economic conditions & trends

While China may not be the only player lending money to Africa, it certainly is the only one scheming to trap the continent in an unsustainable amount of debt. Contrary to the West, Beijing's loans contain hidden conditions that favor the PRC at the expense of already struggling nations. Why would the terms of this agreement be any different?

China Offers Africa $51B and 1M Jobs

China Offers Africa $51B and 1M Jobs

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China Offers Africa $51B and 1M Jobs

China Offers Africa $51B and 1M Jobs

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