The investment of Chinese companies in Africa has advanced observably throughout the most recent five decades and in three different phases. At first, the connections were made between China and African countries as they picked autonomy. Later in year 1971, China was an official and permanent member of UN Security Council. The last stage blankets the post-Maosist period and is described by the liberalization and resulting development of the Chinese economy.
Africa is rich in natural resources and since it is a developing nation, the countries encourage FDI. China sees Africa as a pot of resources which has not been exploited/well explored yet. This investment from Chinese companies in Africa has also resulted in the development of these nations, hence it is a win-win situation for them.
Generally, China has the same motivations to take part in Africa as do other real remote on-screen characters. Beijing needs African oil to enhance its vitality imports keeping in mind the end goal to protect the sound advancement of its economy, and obliges other characteristic assets to maintain producing capacities. Chinese organizations, like their European and American partners, additionally see guaranteeing open doors in coddling African markets. Anyway their separate systems commonly vary on numerous records. China's interest for common assets consolidated with its procedure to expand vitality imports and recognize new markets has brought about quickly expanding Chinese speculations in Africa. In the meantime, Chinese organizations been less hesitant than some of its Western partners as far as creating business engages in nations grieved by inside clash. This implies that China has an obvious need to secure its diversions in Africa. Intere...
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Bearing in mind that the threat of China’s dependency on imports of natural resources has the potential to threaten the official ideology of Confucianism, the real threat is to the interests of the state and the Communist Party of China, because the future of the party and stability of the country is dependent on the continued growth of the Chinese economy. Maintaining the flow of raw materials is the main objective of the PRC because without them the economic engine of the China would be at a stand still, which has the potential to be seen by the people of China as a weakness and flaws in the current governing system. China should continue developing trade relations and international connections because the PRC has been remarkably successful in creating a network of countries who will be loyal in business and political reform. China has has a strategic focus on building relations with nations whom America is not keen on. This has also perpetuated the realization the the Chinese system of governance provides a second option to the ‘Western Consensus’, as a viable means for successful economic growth coupled with strict government control. China must operate multilaterally to continue the trajectory of relation and loyalty building in other countries. This will assist china with the key pillar goals of, building a comprehensive national power; advance incrementally in order to consolidate a position of strength, and maintaining stability, and with the objective that China will be in the position to continue imports of raw material to Chinese industry in the event of a sea trade embargo from opposition countries like the United...
It seems China’s interest in African countries is not in territorial occupation, but rather in international prominence and expanding its rapidly growing economic agenda. Kenya’s richness in commodities and weak commercial laws are an idealistic setting for rapid market entry, therefore China has been able to effortlessly influence and expand its mercantilist ambitions without distress of competition from the west. Even though the United States is focused in providing conditional aid to Kenya, the effects of Chinese expansion in Kenya on U.S. interest are alarming, for China is offering cold hard cash that is f...
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
China has become the second largest foreign direct investment recipient country in the world and the largest recipient among developing countries. Since 1978 the foreign direct investment has flooded into the country. In 2002 china became the first country for a very long time to attract more foreign direct investment in one year then the United States (bringing in US$53.2 billion while US$52.7 billion flowed into the United States).
Africa is a land of riches like no other, so as expected, European countries would have some sort of desire to conquer properties in whatever way they did. As stated in African Colonies and their Exports Chart, countless of natural resources are found in different areas in Africa. Not only does the data show plenty of resources, but also a variety (Doc D). This confirms that Africa is a wealthy land that Europeans grew fond of and hoped to take over. Specified in Imports and Exports Graph, following the 1900’s, after the conference to divide up Africa was held, Britain decided to use Africa’s natural resources and specialize in many industries. The imports doubled from 4 million pounds, while the exports boosted from 2.5 million all the way to 21 million pounds (Doc. E). With this lucrative increase in trading and selling, it is fair to conclude that not only were resources a factor of beginning imperialism in Africa, but also a successful result.
With Europe in control, “the policies of the governing powers redirected all African trade to the international export market. Thus today, there is little in the way of inter-African trade, and the pattern of economic dependence continues.” Europeans exported most of the resources in Africa cheaply and sold them costly, which benefited them, but many Africans worked overtime and were not treated with care.
It is thought-provoking, in the sense that Africa’s need for foreign created a race to the bottom, much like what Pietra Rivoli described in The Travels of a T-Shirt in the Global Economy. Due to some African states’ reliance on foreign aid in order to mine and profit on their resources, they allow business standards to be lowered and for Chinese firms to tip the contracts moresoever in the favor of Chinese firms. This lowers the potential earnings of African states by lowering royalty rates, for example. Additionally, Burgis’ research was thorough and transparent. When he did not receive a response or if his questions were dodged, he made it obvious to the readers. Sure, some could view this book as too anecdotal to be used as a credible source of Africa’s situation. However, this is due to the nature of the system Burgis is writing about; after all, they are shadow states for a reason. Some readers will be saddened by this text, others angry, most curious to learn more, but above all, everyone will be intellectually stimulated and
The "DBQ Project" What Is the Driving Force Behind European Imperialism in Africa? (2012): 257. pp. 177-177. Print.
Zhang, Jianhong, Arjen van Witteloostuijn, and J. Paul Elhorst. "China's Politics and Bilateral Trade Linkages." Asian Journal of Political Science 19.1 (2011): 25-47. Academic Search Premier. Web. 13 Dec. 2013.
“The sun never sets on the British Empire,” Great Britain often bragged. By 1914, about 85% of the earth’s surface was colonized by Europe. Between 1884 and 1885, The Berlin Conference took place to carve up the African continent (Background Essay). Europeans saw high potential in Africa and thought the continent was empty, even though it was not. It was roughly “untouched” and they thought they could do anything they wanted (Doc.1). Great Britain’s colonization in Kenya affected the country’s religion and culture, education, and government.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but also in its foreign affairs. Compared to other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership has experienced unprecedented changes.
The New Imperialism and the Scramble for Africa 1880-1914. Jeff Taylor, n.d. Web. 19 Mar. 2014.
An overwhelming majority of African nations has reclaimed their independence from their European mother countries. This did not stop the Europeans from leaving a permanent mark on the continent however. European colonialism has shaped modern-day Africa, a considerable amount for the worse, but also some for the better. Including these positive and negative effects, colonialism has also touched much of Africa’s history and culture especially in recent years.
The Europeans saw Africa as being a great place to obtain all types of resources from labor to natural materials. Items such as cotton, coal, rubber, copper, tin, gold, and other metals were considered very valuable and readily available in Africa (Nardo). The industrial revolution had already become a strong influence on the countries that attended the Conference. They had spent the past...
China has also expanded their trading industries with countries such as South Korea, Japan, Taiwan, ASEAN, India, Russia and Hong Kong. This has not satisfied the Chinese greed for income as they also export and import goods to American countries, name...