High Stakes for China and the West in Africa

High Stakes for China and the West in Africa

Howard French, author of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa explains at Bloomberg Businessweek how China is pursuing its diverse goals in Africa, and what the West can learn from it.

Africa’s resource wealth is certainly of huge importance to China, a manufacturing superpower that is urbanizing and building infrastructure on an unprecedented scale. Unlike Western powers, however, China sees raw materials as only one of the three pillars of its Africa strategy. The second pillar involves using Africa as a springboard to help Chinese businesses emerge as global players.

[…] Boasting scores of already mature multinational corporations, Western countries would not be mistaken to think they had relatively little to learn from this aspect of China’s expansion into Africa. The third pillar of Beijing’s strategy, though, could well become the game changer. Understanding that, for the remainder of the century, the bulk of global population growth will take place in Africa, China is making a long bet on the emergence of vibrant, high-consuming middle classes there, and with each year this wager is looking smarter and smarter. [Source]

French discussed China’s Second Continent and related themes in a recent interview with CDT.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.