In: Economics
China is increasingly replacing the West as the new face of globalization in Africa. state four (4) things of what China knows about Africa that the West Doesn’t?
China knows Africa, a continent full of natural resources and a large market for investment. China has emerged as a super power in Africa, with more developmental activities. Trying to attract African people towards its low quality goods and services and changing their lives by giving them access to many modern amenities which was impossible for them earlier.
China has signed many infrastructure contracts in Africa and also
provides more loans to African nations than the World Bank. It
knows it can take the advantage of heavy infrastructure of Africa
by investing more and more on it. It's main intention is to acquire
more profit not to be a helping hand for African people.
China knows African people are less educated and not so much aware
of developmental activities. So it is easy for China to enter with
more cheap products and services as a gift for African people and
with more developmental activities to win these poor and hopeless
peoples' heart.
China knows how to win Africa by giving more political support,
infrastructure aid and goods in exchange for African goods and
providing loans in large amount. It is not helping African people
genuinely, rather leaving them alone to struggle with their
problems.