Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>Foreign Affairs

China's long-term vision helps shake off bad image in Africa

By Mark Kapchanga (Global Times)

08:42, October 29, 2012

Businesses constantly reinvent their strategies to beat the competition. They are always on the lookout for opportunities, and work tirelessly to meet their goal - wealth creation.

China has perfected the art of operating like a business, bolstering its plans by constantly looking for opportunities, and erecting firewalls to deal with imminent threats.

In Africa, China has created millions of employment opportunities. It has set up modern infrastructure projects, developed dormant mineral deposits that have seen earnings more than triple. More importantly, it has injected a new lease of life into Africa's shaky education system by offering scholarships to thousands of students.

As noted by the World Bank in its annual meeting held in Tokyo in early October, Africa's economy is fast expanding. The key inhibitor, however, remains expensive and erratic power supply. Having understood this challenge, China is today investing heavily in Africa's energy sector.

However, it is also true that, in the past, some Asian firms may have engaged in backdoor dealings, precipitating corruption in the continent. This has resulted in China being lambasted for doing "little" to curb growing graft in Africa.

A look at Angola shows that China tied the knot with Africa's second largest oil producer over two decades ago. The development saw Luanda earn close to $20 billion in oil revenues with China accounting for 20 percent of the total. Today, however, Angola has the highest poverty level globally with more than 70 percent of the population living below the poverty line. Some quarters have linked the unending strife in the country to China's policy of non-political interference. But Angola has hit back, threatening to sever ties with its critics, particularly the World Bank and the IMF.

【1】 【2】

Most viewed commentaries
Most viewed commentaries
Will China and US fall into limited confrontation? China's rise, a major topic for US presidential debate Japan should treat blue water training of PLA navy rationally
Who is sowing discord between China and India? Japan's miscalculation in urging US to suppress China How is China-basing in US presidential race different this time


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos

  2. Astronomy pictures of the week

  3. Russian aerobatic team

  4. Sexy girls in China's national pole dancing team

  5. A glimpse of hard security guard training

  6. Wal-Mart to open 100 more stores in China

  7. Acrobatic Art Festival kicks off

  8. Mystery man can fly.It's true!

Most Popular


  1. Kindergarten abuse cases becoming major worry
  2. Reform required for China's economic growth
  3. External markets crucial for business success
  4. Fears that yuan rise will hit exports unfounded
  5. Tax reform crucial to stable growth
  6. No sharp decline for property prices
  7. Japan to bear consequence of breaking promise
  8. How to hard sell China's soft power
  9. Commentary: China's top spot for global FDI
  10. Commentary: Remedies for economic challenges

What’s happening in China

Last 12 hours before execution of female prisoners

  1. Beijing toughens road measures for CPC congress
  2. Exhibition on China's progress opens in Beijing
  3. Apple iPhone 5 on sale in China by December
  4. Panda habitat to be built in Sichuan
  5. Timekeeper jailed after ringing bell early at exam