CHINA AND AFRICA: WHAT’S THE DEAL? PART 2…THE PROS AND CONS
There are pros and cons with regard to Africa’s interaction with China. The discussion here is not exhaustive but is rather aimed at highlighting the salient features that tend to define opinions over Sino-African relations. Let’s look at these arguments.
- China has forgiven African debt
China cancelled debt owed by heavily indebted African countries. In fact, 156 debts owed by 31 heavily indebted African countries totalling 10.5 billion RMB were forgiven by China. This can be seen as an indication that China is interested in Africa’s positive economic growth and development and is not interested in creating dependency and economic slavery of Africa by China.
- China is creating employment opportunities for Africans
The entrance of China into Africa has created jobs for many Africans. Indeed China seems so committed to this ideal that in 2012, talks between China and Uganda began to promote the transfer of low-value…
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