Lukwago’s Blog

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China and Africa

After attending a seminar by Dr Wei Ge , i was amazed to know about the Chinese Economy, one of the few countries with still a positive GDP growth in this historical financial crisis year.
Do you know China aided Africa to a tune of 50 billion dollars in 2006?
A recent survey revealed that many Africans view China´s involvement in Africa as an opportunity for Africa´s growth . Dr Dambisa Moyo in her popular book ” Dead Aid ” suggested a much trade relation with China as one of the ways of Africa´s economic growth. Chinese government has made multiple aid in infrastructure development in almost all African states coupled with cancelling all the outstanding debts.
on contrally, Mr Adam Gaye is skeptical about the real motive of China whether philanthropy or otherwise hidden .He also believes its going to be the turning point from the influence of traditional instituitions like IMF and World Bank ” China has also been criticised for holding a neutral position on dictatorship and human rights abuse in Africa ( Zimbabwe and Sudan ).
Time will tell whether the new relationship is beneficial to China or Africa or perhaps both.

June 14, 2009 Posted by | 1 | Leave a Comment

   

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