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Neocolonialism nonsense

By Jean-Marc F.Blanchard | China Daily | Updated: 2014-05-13 07:26

It is clear from Premier Li's visit that China is endeavoring to help African countries grow beyond just being resource suppliers

Chinese Premier Li Keqiang has just concluded a four-nation - Ethiopia, Nigeria, Angola and Kenya - visit to Africa, during which he signed numerous deals in areas such as high-speed railways, roads, utilities, agriculture, communications and solar power.

China and Africa are major economic partners with bilateral trade around $210 billion in 2013, and Chinese foreign direct investment in Africa totaled slightly more than $14 billion in 2012. Furthermore, China is a major purchaser of African commodities, minerals and energy, indeed, Angola and Nigeria are two major oil suppliers to China. Moreover, China has pledged an estimated $30 billion in loans to Africa, with a significant amount provided to Angola. Of note is the fact that Ethiopia is the home of the African Union, while Nigeria hosted the 2014 World Economic Forum on Africa.

Neocolonialism nonsense

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