Africa Become Second China via Support of China: What Next?

China’s economic transformation is a significant backdrop for this discussion. Since the economic reforms began in 1978, China has averaged over 9% annual GDP growth, lifting more than 800 million people out of poverty and evolving into an upper-middle-income country by 2020. This rapid development saw China’s GDP increase from approximately $149.5 billion in 1978 to around $17.7 trillion in 2021, making up 18.5% of the global economy (CGTN News). China’s strategy focused on investment, export-oriented manufacturing, and gradual opening up of its economy. However, recent years have seen a shift towards high-value services and consumption, aiming for more sustainable growth. The Question Africa has the potential to experience an economic boom similar to China’s. The continent is often seen as a candidate for such growth due to its large and youthful population, coupled with its relatively low levels of economic development. Starting from a low economic base offers significant room for upward growth, suggesting that Africa could follow a rapid development trajectory akin to what China achieved over the past few decades. Can Africa become the next China? This video explores whether Africa can replicate China’s economic success by analyzing the continent’s challenges and opportunities. We examine the similarities between Africa and China, such as their large populations and the potential for significant economic growth from a low starting point. Additionally, we delve into the unique obstacles Africa faces, including infrastructure deficits, governance issues, and diverse economic conditions across its 54 countries. Through this analysis, we aim to provide a comprehensive understanding of Africa’s potential for rapid economic development.