THE CHINESE COLONIALISM IN AFRICA
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South Africa President and China president xi |
In the late 70s China was one
of the poorest countries in the world with per capital GDP that was one-fourth
of the United States. Today, China’s GDP is almost half of the united
state and it is poised to overtake the United States as the largest economy in
the world. To support this booming economic growth, China’s demand for natural
resources has become insatiable. In exchange for locking up access to natural
resources, China has authorized billions of dollars in loans to African governments.
With an increasing number of these governments beholden to China, a new
imperial empire is taking shape in Africa.
As china trade between African states
grew to about 700% during the 1990s, China became Africa’s largest trading
partner. In 2011, the volume of trade increased a staggering 33% from the
previous year to USD 166 billion. This trade dependence works both ways; one
third of China’s oil supplies come from Angola and Nigeria. Up to 20% of China's demand for cotton is met by trade with Benin, Burkina Faso, and Mali. The Cote
d’Ivoire supplies the vast majority of China's’ cocoa. Namibia is one of China’s
main suppliers of Fish, and Kenya remains one of the main suppliers of Chinese
Coffee.
Chinese operation
and policy in Africa
The Chinese government quest for natural resources to sustain their country economic development and growth make them to explore the Africa continent and trade agreement with the government of the Africa countries in exchange for their resources and construction of any of the country critically needed infrastructure. The Chinese government also authorized billions of dollars in loan to the Africa government in exchange for their resources.
Chinese
government backed construction companies
Companies like the China Henan International Cooperation Group (CHICO) a Chinese state-owned construction and engineering company, and CICO, a subsidiary of Chongqing Foreign Trade and Economic Cooperation Group Co., Ltd have become China’s vanguard in its thrust into Africa. Rather than infusing local African economies with cash, stimulating growth, and increasing local capacity, the main benefit has been to Chinese enterprises.
Why
Chinese policy works in Africa
The political instability
in Africa has forced China to begin acting aggressively to protect its national
economic interests in Africa. African nations, facing political pressure
to show some development progress, are induced to barter what are often their
only significant sources of potential wealth for mediocre infrastructure that
does little to develop their economy. Furthermore, lack of sustainability in
this trading partnership creates an inevitable African dependence upon Chinese
largess for future maintenance and rehabilitation of this infrastructure.
Corruption and graft, rampant throughout African politics, has also enabled
Chinese government backed businesses to influence political decision makers in
their economic favour.
In conclusion, as the Chinese abandoned their foreign
policies, it is ostensible enough for us to see that, the Chinese government interests
in Africa are motivated solely for China’s benefit. By combining government action with corporate
interests, the Chinese are locking up rights to billions of dollars of valuable
commodities.
African nations, facing political pressure to show some
development progress, are induced to barter what are often their only
significant sources of potential wealth for mediocre infrastructure that does
little to develop their economies and is worth a tiny fraction of the total
value of the resources they sign over to the Chinese.
The lack of sustainability in this trading partnership
creates an inevitable African dependence upon Chinese largess for future
maintenance and rehabilitation of this infrastructure. Hence, this kind
of approach to me is called colonialism. In a nutshell, this form of approach is a form of new economy colonialism which is unsustainable and will have severe consequence on
the economy of all African state.
Lovely post
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