Leaders of African countries were in Beijing this week for the ninth Forum on China-Africa Cooperation, where President Xi Jinping is leading talks to strengthen economic ties. The summit is central to the Chinese leader's drive to continue expanding his nation's "influence on the continent amid a silent face-off with Western countries," said Al Jazeera.
What does each side want? African countries are seeking investment and loans to help ease the crushing economic debts many are experiencing. In the past 20 years, "one in five infrastructure projects in Africa was financed by China," said The New York Times. African leaders are hoping to secure more funding at the three-day summit, which kicked off yesterday.
For China, currying favor in Africa is a key step in its "climb to global superpower status," said Al Jazeera. Beijing aims to counter the reach of the U.S. and Europe by exercising influence in developing nations, particularly those on a continent rich in the raw materials used in the products that China makes and exports, including those back to Africa.
What is China doing in Africa? Willingness to provide financing and infrastructure has kept Beijing in a favorable trading position in which it has essentially traded manufactured goods to acquire Africa's raw materials. But there has been little "technology and skills transfer" to the continent, Bhaso Ndzendze, a professor of politics and international relations at the University of Johannesburg, said at The Conversation.
Is it working for both sides? The "lack of an African strategy" has left "imbalanced terms of trade," said Ndzendze. China has also faced criticism over its "free-flowing" funding, which has been "saddling countries with unsustainable debt" while strengthening Beijing's political influence, said CNN.
African leaders may now push for a more even trade arrangement that helps to boost their countries' long-term economic sustainability and move them away from Chinese debt. But these nations often negotiate with Beijing individually, weakening their "bargaining power," Theo Neethling, a professor of political science at the University of the Free State in South Africa, said at The Conversation. Uniting as a bloc to "adopt a more coordinated approach" would strengthen their position, while a lack of unity will continue to allow China to "dictate the agenda." |