African Stream China Offers Africa Billions And Strategic Partnership #Shorts #China #XiJinping #Africa #Trade
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Chinese President Xi Jinping has pledged $50-billion in loans to African countries and promises to create one million jobs in the next three years. He made the offer at a Beijing summit this week, attended by over 50 leaders from the continent.
Xi said China was ‘ready to assist in the development of the African Continental Free Trade Area and deepen logistics and financial co-operation for the benefit of trans-regional development in Africa.’ He added, ’the Western modernisation process has brought profound suffering to the vast majority of developing countries’ claiming China seeks to protect its interests and ‘resolutely defend each others’ legitimate interests.’
Although the president tried to present China and Africa as equals, referencing their shared experiences with European imperialism and colonialism, some scholars aren’t buying it. Macharia Munene, Professor of International Relations at Kenya’s United States International University, argued the lavish welcome for African delegates was designed to appeal to their ‘vanities.’
Do you agree, or can China and Africa really develop a powerful strategic partnership for the future?
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