Chinese
investment has played a significant role in Africa in terms of economic growth
and job creation, and it has the potential to play an even bigger role in the
near future, China and most of Africa countries have historically long term relationship.
According
to China-Africa Cooperation report, China pledged up to $20 billion to African
countries over the next three years. China has proposed or committed about $101
billion to commercial projects in Africa since 2010.
The
investment of china in Africa is estimated to reach more than 200 US dollar billion and
more than millions jobs is said to be created in Africa. China has invested
more in mining se construction. This support leads the china economy to become strongest
economy in world.
The
Chinese have helped decrease the unemployment rate in natural resource-related
programs and other related programmes such mining projects, construction programmes,
agriculture project, small- and medium-sized business. Almost of African leaders
said to be benefited by Chinese support, the they claim to western countries to
pursuing china as neo colonial investor.
Due
to lack of enough human resources, limited facilities even fund it impossible
to the large numbers of African countries to monitor all investment and
resources within the nation and this perceived by western nations that that
China is dumping its cheap products on African markets, forcing Africans out of
business, as they cannot afford to sell goods at the prices listed by Chinese
sellers.
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