The prospect of economic competition between China and others in Africa.
The continent of Africa has some of the richest mines and resources in the world. But this continent has endured the scourge of colonialism and poverty for several centuries. But now the conditions have changed for many countries of the Black Continent and now it has become a field for the investment of big global competitors.
In 1402 AH, several economic actors of the world and the region started economic activities and investments in African countries. But among them, China is known as a country that works more for activities in Africa than other actors, and interestingly, there is no special sensitivity on the part of African societies to the presence of this economic giant. According to the official statistics of the Beijing authorities, China has been Africa’s largest trading partner for 14 consecutive years, and the country’s total trade with all the countries of the African continent increased by 11% compared to last year and reached 282 billion dollars.
Wang Dong, the deputy of the West Asia and African affairs department of the Ministry of Commerce of China, announced that in 1402, China increased its investment amount by 4.4 percent compared to the previous year and reached a figure of more than 4 billion dollars. But this amount is only related to new projects in safe African countries and Chinese companies in Africa in the last few years and in total; They have done infrastructure projects worth more than 400 billion dollars. These companies have expanded their investment in the continent from traditional sectors such as agriculture and handicrafts, construction, mining, and manufacturing, to emerging industries such as logistics, digital economy, clean energy, health, green development, and finance.
China, the inspiration of development for African countries
Many African elites are sensitive to the activities of European contractors and especially French and American companies in Africa. But there is no such attitude in the case of China.
Erastus Mwencha, the former deputy of the African Union (AU) Commission in February 1402 and in an interview with Global Times (GT) about China’s diplomacy and the country’s cooperation with the African Union, announced that China has made several significant diplomatic achievements in the last year. Is. This world power, in addition to effective activities to bring Saudi Arabia closer to Iran, has also taken many actions in other regions, including Africa, which is seen as a demonstration of China’s growing influence on the world stage. has been China launched a series of plans in 1402 aimed at supporting African industrialization and agricultural development strategies.
Mwencha further said about the importance of Chinese models for African countries: China’s leadership in the field of modern industries and technology is an inspiration for African countries and shows us the path of development. China’s modernization showed that there is no absolute and uniform model for development, and each country should choose a path that suits its national conditions and realities. African countries can learn from China’s experience, but they need to discover their ways of development based on their history, culture, and aspirations. Like China, African countries can increase their self-reliance and innovation and diversify their economies and markets while promoting green and sustainable development and balancing economic growth and environmental protection.