The Sound of Economics
Narratives and reality: China’s economic engagements in Africa
Jul 17, 2024
Yuyun Zhan and Alicia García-Herrero discuss China's economic engagements in Africa, addressing criticisms on FDI, trade, and opacity. They compare China's impact to Europe, debt restructuring challenges, manufacturing hurdles, US/Europe vs. China's approaches, and China's investments in tech and infrastructure.
41:06
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Quick takeaways
- China's economic engagement in Africa began to expand opportunities for Chinese companies due to domestic excess capacity.
- African leaders criticize Chinese collaborations mainly for their lack of transparency, despite the overall positive reception of Chinese engagement in Africa.
Deep dives
China's Historical Engagement with Africa
China's economic engagement in Africa began in the early 2000s as a strategy to expand opportunities for Chinese companies due to domestic excess capacity. The shift towards Africa was influenced by barriers in other regions like the Americas and Europe and Africa's resource-rich environment. Chinese engagement was well-received by African nations looking to diversify away from Western dependencies.
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