Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


China-Africa ties good for prosperity, says analyst

September 17, 2018


Abstract : Cooperation between China and Africa will benefit the continent and its people, an analyst has said, dismissing criticism from the West.

合作

NAIROBI, Sept. 16 (Xinhua) -- Cooperation between China and Africa will benefit the continent and its people, an analyst has said, dismissing criticism from the West.

Mohamed Hussein Abdille, director of the Confucius Institute at Kenya's Egerton University, told Xinhua in a recent interview that with China's backing, African leaders have resolved to steer their nations to prosperity without consulting former colonial masters.

As the cooperation between China and Africa has been steadily growing in recent years, some voices in the West say that China is a predatory lender bent on saddling Africa with debt to obtain political influence and greedy for the continent's natural resources.

"The Chinese government never forces anyone to borrow their money. The African governments have willingly signed their agreements and know they are borrowing for development issues for progress," said Abdille.

He said that for a long time, Africa received aid and loans from Western countries, but the continent did not progress to the level of development it has reached today. Also, Abdille said that Africa was colonized and severely mistreated by the West.

Moreover, he said there is plenty of propaganda in the West against China and that the Western countries have tried their best to contain China's economic and political progress.

Chinese investment in Africa has been rising steadily over recent years. At the end of 2009, the total sum was 93.3 billion U.S. dollars. Now it is more than 100 billion dollars, covering almost every single country on the continent.

China has become an important source of financing for African nations thirsty for funds to fuel their development.

While the Western nations have laid strict restrictions on their loans and grants to malnourished Africa, the continent now enjoys subsidized loans without any strict restrictions on it to develop itself, Abdille said.

The analyst said that African nations which have made use of the loans from China are progressing.

"Charity for all and malice towards none is the concept China is advancing. Africa is open for business on win-win partnership," he said.


Related Coverage

Focus

Think Tank

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • Will China be the next Japan or South Korea?

    February 12, 2019

    As the development phase changes, expanding domestic demand has been brought...

  • Is GDP an obsolete tool in an era of social well-bei...

    February 2, 2019

    A serious talk has to take place between scholars and international organiza...

  • Consumption quality of China’s middle-income popula...

    January 31, 2019

    Building and expanding China's consumer market will not only need to increas...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial