Mexico's Herald reported on August 6 that many people are talking about how China has won allies and markets in Latin America, but Beijing's investment interests are not limited to Latin America. In recent years, Beijing has begun to look at Africa and gradually replace the EU's position in Africa.
While Europe's presence and political influence have played a key role in Africa, China has begun to play an increasingly important role in such things as the on-time completion of infrastructure projects.
According to the report, the Friedrich Naumann Foundation in Germany pointed out that China is becoming the first choice for cooperation in Africa in terms of not interfering in the internal affairs of African countries, promoting rapid decision-making and completing infrastructure projects on time.
There is no doubt that in the past 15 years, Chinese capital entering Africa has made great progress in carrying out all-round, multi-level and extensive cooperation.
At the geopolitical level, the commitment between Africa-Europe and Africa-China has attracted increasing attention. The Chinese model clearly scores higher than Europe in promoting rapid decision-making, improving project management efficiency, and not interfering in the internal affairs of African countries.
File photo: The Karimanu Dam water supply project in Kenya undertaken by a Chinese enterprise is put into operation (Xinhua News Agency)
The Friedrich Naumann Foundation said many African government officials see their relationship with Europe as an aid rather than an equal partnership. This is perhaps europe's biggest weakness and the biggest advantage of Chinese investment.
For example, Ugandan authorities have announced that gold was found in the Karamoja area in a recent exploration. It is reported that this is the result of two years of exploration by a mining company with a Chinese background.
Meanwhile, Zambia's creditors, led by China, plan to provide debt relief to the cash-strapped African country so that it can receive the International Monetary Fund (IMF) loans necessary to resume growth. This is the first time china has coordinated with other creditors to restructure a low-income country's debt, rather than just self-relief. China is gradually expanding the influence of its economy around the world.
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Producer | An Peng
Audit | Dong Lei
Edit | Xu Haiting
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