The needs in Africa are many. Among them: infrastructure, jobs and trade.
Critics said the West has neglected the continent, either dismissing it as hopelessly mismanaged, or simply engaging for its resources or security and defense advantages.
Enter China – From a low of $10 billion in 2000, Beijing’s trade with Africa reached $220 billion just 14 years later, making it the continent’s largest trading partner.
By contrast, trade between the United States and Africa has fallen from a high of $100 billion in 2008 to $39 billion last year.
CGTN’s Ramah Nyang reports from Nairobi.
Follow Ramah Nyang on Twitter @Ramah_Nyang
And our panel discusses this topic and much more:
- Yinka Adegoke is the Africa editor for Quartz, Atlantic Media’s digital business news outlet.
- Pippa Morgan is the assistant editor of the Chinese Political Science Review.
- Witney Schneidman served as the deputy assistant U.S. Secretary of State for African Affairs and is the senior international adviser for Africa at Covington and Burling.
- Chen Chenchen is the deputy director of Macroeconomics and a Research Fellow at Renmin University’s Chongyang Institute for Financial Studies.
For more:
Nigeria secures $2.4 billion currency deal with China https://t.co/2kT6ebctMZ pic.twitter.com/S47uy6Vgaj
— Africa Report (@africa_report) May 9, 2018