The fierce competition in Africa (Part 2 and end)

13/02/2016

Kết quả hình ảnh cho china africa
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Meanwhile, being aware of the strength of this continent, from many years ago, China has deployed its powerful policies here. These figures appear increasingly more in economic contracts between China and African countries. Economics has become the most important factor. In the past 5 years, China is the largest trading partner of Africa when won construction contracts worth $ 400 billion with more than 2,000 km railroad and about 4.000km highway. China is the top trading partner of Africa with approximately 222 billion worth of goods and services exchanged in 2014. According to statistics, private enterprises in the Ministry of Construction of China in 2014 signed construction contracts in Africa worth up to $ 70 billion, with over 3,000 projects are being implemented. Currently, China is dominating the construction sector in Africa, with a market share greater than France, the US and Italy in combination. In the energy sector, according to data from the American Enterprise Institute, for over a decade more than 29.97 billion, accounting for 41% of total investment capital of China is devoted to energy projects in Africa...
Relationship between China and Africa asserted by the two parties that it will more increasingly close. The leaders of China recently have affirmed to continue investing heavily in Africa. In a speech at the UN General Assembly last September of 2015, Mr. Xi pledged to send 8,000 soldiers to participate in celebration mission of peacekeeping and one billion USD in funding to support conservation mission of peacekeeping in Africa. Also, although not disclose specific figures, but the size of the Chinese aid to Africa by estimating amounted to 2,500 projects in 51 countries in Africa, with a total value of about 94 billion USD. Chinese Premier Li Keqiang has pledged to expand comprehensive cooperation with the African continent. China is seeking cooperation with African diplomats on international fora. With vote accounts for over 25% of this continent at the General Assembly of the United Nations, China wants to rely on Africa to seek political support.

Analysts said that the African continent is a potential continent; every country, whether large or small has its particular strengths. The competition between the US-China or other countries in Africa does not cancel each other out, but seek to exploit opportunities and contribute to the overall development of the area.
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