{"id":12386,"date":"2015-12-07T08:29:55","date_gmt":"2015-12-07T08:29:55","guid":{"rendered":"https:\/\/www.afrizap.com\/en\/?p=12386"},"modified":"2016-11-28T16:29:24","modified_gmt":"2016-11-28T16:29:24","slug":"china-africa","status":"publish","type":"post","link":"https:\/\/www.afrizap.com\/en\/china-africa","title":{"rendered":"The Pros and Cons of China\u2019s Investment In Africa"},"content":{"rendered":"<div class=\"a6b39195b99473d6c9dd698db2668010\" data-index=\"1\" style=\"float: none; margin:2px 0 2px 0; text-align:center;\">\n<center>\r\n\r\n<script type='text\/javascript'>\r\nfunction ShorterThan(widthMax) {\r\n                if (screen.width < widthMax) {return true;}  \r\n                else {return false}\r\n    }\r\nvar LimitWidth = 728\r\nvar MobileZoneID = 348996\r\nvar DesktopZoneID = 348995   \r\n<!--\/\/<![CDATA[\r\n   document.MAX_ct0 ='';\r\n   var m3_u = (location.protocol=='https:'?'https:\/\/cas.criteo.com\/delivery\/ajs.php?':'https:\/\/cas.criteo.com\/delivery\/ajs.php?');\r\n   var m3_r = Math.floor(Math.random()*99999999999);\r\n   document.write (\"<scr\"+\"ipt type='text\/javascript' src='\"+m3_u);\r\n   if (ShorterThan(LimitWidth)) {document.write (\"zoneid=\"+MobileZoneID);} else {document.write (\"zoneid=\"+DesktopZoneID);}\r\n   document.write(\"&nodis=1\");\r\n   document.write ('&cb=' + m3_r);\r\n   if (document.MAX_used != ',') document.write (\"&exclude=\" + document.MAX_used);\r\n   document.write (document.charset ? '&charset='+document.charset : (document.characterSet ? '&charset='+document.characterSet : ''));\r\n   document.write (\"&loc=\" + escape(window.location));\r\n   if (document.referrer) document.write (\"&referer=\" + escape(document.referrer));\r\n   if (document.context) document.write (\"&context=\" + escape(document.context));\r\n   if ((typeof(document.MAX_ct0) != 'undefined') && (document.MAX_ct0.substring(0,4) == 'http')) {\r\n       document.write (\"&ct0=\" + escape(document.MAX_ct0));\r\n   }\r\n   if (document.mmm_fo) document.write (\"&mmm_fo=1\");\r\n   document.write (\"'><\/scr\"+\"ipt>\");\r\n\/\/]]>--><\/script>\r\n<\/center>\n<\/div>\n<p><span style=\"font-weight: 400\">China\u2019s President Xi Jinping announced a plan to invest $60 billion in development projects across Africa. The goal is to reduce poverty and improve public health, infrastructure and industrialization. Funding will go to vocational schools, scholarships, and exchange programs with China. In addition, there will be zero-interest loans to governments and $156 million of emergency food aid. \u201c<\/span><i><span style=\"font-weight: 400\">China-Africa relations have today reached a stage of growth unmatched in history<\/span><\/i><span style=\"font-weight: 400\">,\u201d Xi said. <\/span><i><span style=\"font-weight: 400\">\u201cLet\u2019s join hands\u2026and open a new era of China-Africa win-win cooperation and common development.<\/span><\/i><span style=\"font-weight: 400\">\u201d His announcement was met with excitement and skepticism from different parties.<\/span><\/p>\n<h2><strong>Pros: China can provide training and jobs to Africans<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In addition to creating infrastructure and funding health care, China can also help boost local economies. Technology companies have helped develop local skills. For example, the Chinese telecom firm Huawei established a\u00a0<\/span><span style=\"font-weight: 400\">West African training school<\/span><span style=\"font-weight: 400\"> in Abuja, Nigeria 10 years ago. The school refines the skills of local engineers, who then run and support cell phone networks; Africa has experienced a telecommunications revolution. Chinese firms also create jobs for locals:<\/span><a href=\"https:\/\/iems.ust.hk\/wp-content\/uploads\/2015\/02\/HKUST_IEMS_Thought_Leadership_Brief_Issue5.pdf\"><span style=\"font-weight: 400\"> a survey spanning 400 Chinese companies<\/span><\/a><span style=\"font-weight: 400\"> operating in over 40 African countries found that more than 80% of workers were local; some companies had localized as much as 99% of their workforces.<\/span><\/p>\n<figure id=\"attachment_12387\" aria-describedby=\"caption-attachment-12387\" style=\"width: 708px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-12387\" src=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/crxwz0mu8aanzrj.jpg\" alt=\"source\" width=\"708\" height=\"531\" srcset=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/crxwz0mu8aanzrj.jpg 700w, https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/crxwz0mu8aanzrj-600x450.jpg 600w, https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/crxwz0mu8aanzrj-85x64.jpg 85w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><figcaption id=\"caption-attachment-12387\" class=\"wp-caption-text\"><a href=\"https:\/\/pbs.twimg.com\/media\/CRxwZ0mU8AANZrJ.jpg:large\">source<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">{adinserter CNP5}<\/span><\/p>\n<h2><strong>Jacob Zuma is all for it<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">South African President Jacob Zuma is a pro-Chinese investment. He believes that closer ties between Africa and China will be a win-win co-operation. One of the deals announced was a $500m loan to South Africa&#8217;s state power company to improve nuclear co-operation. Another deal involved plans to build a car manufacturing plant in the country. Before President Xi arrived in South Africa, firms from both nations had announced $930m in investments in metal, energy and pharmaceutical sectors.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">Zuma thanked Xi for taking China&#8217;s relationship with Africa to its highest level ever and said cooperation was based on sincerity, trust, equality, and mutual benefit. <\/span><\/p>\n<blockquote><p><strong>\u00a0&#8220;Africa and China are together a fraternal community with a shared and prosperous future. \u00a0China and Africa want to prosper together,\u201d he said.<\/strong><\/p><\/blockquote>\n<figure id=\"attachment_12388\" aria-describedby=\"caption-attachment-12388\" style=\"width: 701px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-12388\" src=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/06122015095003_87055156_030426278-600x0.jpg\" alt=\"source\" width=\"701\" height=\"394\" srcset=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/06122015095003_87055156_030426278-600x0.jpg 600w, https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/06122015095003_87055156_030426278-600x0-85x48.jpg 85w\" sizes=\"(max-width: 701px) 100vw, 701px\" \/><figcaption id=\"caption-attachment-12388\" class=\"wp-caption-text\"><a href=\"https:\/\/assets-cdn.ekantipur.com\/images\/third-party\/miscellaneous\/06122015095003_87055156_030426278-600x0.jpg\">source<\/a><\/figcaption><\/figure>\n<h2><strong>Cons: the investment may bring issues to Nigeria<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Nigeria is the biggest overseas customer of Chinese construction companies. China is the top lender to Nigeria and has been helping the African country build roads, rail lines, airport terminals, power plants and other infrastructure. China\u2019s low-cost goods are available worldwide\u00a0but are causing an issue in Nigeria. Subpar counterfeit products are becoming widespread in the country. In some cases, the quality does not matter. However, it can become very dangerous in electronic goods. A few Chinese electrical products<\/span><a href=\"https:\/\/www.nytimes.com\/2015\/12\/06\/business\/international\/in-nigeria-chinese-investment-comes-with-a-downside.html?ref=africa&amp;_r=0\"><span style=\"font-weight: 400\"> have caused fires in Nigeria<\/span><\/a><span style=\"font-weight: 400\">. China\u2019s low-cost goods are bringing another potential issue for Nigeria &#8211; it is difficult for Nigerians to compete with the prices. A few protests have broken out; workers in Lagos protested layoffs by a Chinese construction company. \u00a0The East Asian country is creating African fabric designs that are cheaper than those made in Nigeria. Employment in Nigeria\u2019s textile and apparel sector has fallen from \u00a0600,000 to 20,000 people in two decades.<\/span><\/p>\n<figure id=\"attachment_12390\" aria-describedby=\"caption-attachment-12390\" style=\"width: 700px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-12390\" src=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/screen-shot-2015-12-07-at-3-19-27-am.jpg\" alt=\"source\" width=\"700\" height=\"490\" srcset=\"https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/screen-shot-2015-12-07-at-3-19-27-am.jpg 700w, https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/screen-shot-2015-12-07-at-3-19-27-am-600x420.jpg 600w, https:\/\/www.afrizap.com\/en\/wp-content\/uploads\/sites\/2\/2015\/12\/screen-shot-2015-12-07-at-3-19-27-am-85x60.jpg 85w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-12390\" class=\"wp-caption-text\"><a href=\"https:\/\/graphics8.nytimes.com\/images\/2015\/12\/06\/business\/chinatrade-slide-TJUI\/chinatrade-slide-TJUI-jumbo.jpg\">source<\/a><\/figcaption><\/figure>\n<p><strong><a href=\"https:\/\/www.afrizap.com\/en\/black-in-china\">SEE ALSO:\u00a0Being Black In China: 10 Situations You Will Experience.<\/a><\/strong><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>China\u2019s President Xi Jinping announced a plan to invest $60 billion in development projects across<\/p>\n","protected":false},"author":9,"featured_media":12387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[27,110],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Pros and Cons of China\u2019s 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