Although China has economic interests in Africa, it is trading fairly with the African countries and helping them to develop a continent-wide transportation network, while also building schools, medical and sports facilities, and cultural institutions. Equally importantly, China has been making great efforts to help protect Africa's environment.
Globalization has come under fire in recent years, with people in some countries becoming increasingly frustrated with the uneven distribution of its gains. But weaknesses in management or execution should not be allowed to obscure globalization's far-reaching potential benefits, including its promotion of productivity-enhancing technology transfer and innovation worldwide.
Every time Chinese leaders and their counterparts from across Africa meet for their summit, voices professing concern for African countries are heard in the West cautioning them about China's "neocolonialism".
While previous US administrations used trade deals as a way of promoting US influence around the world, trade was not the be-all and end-all of their foreign policy. The same cannot be said of the current administration as President Donald Trump has made trade the defining characteristic of his foreign policy.
THE LEGISLATURE PASSED THE E-COMMERCE LAW on Friday, which is due to come into effect from Sept 1 next year. Beijing News comments:
TWO SENIOR EXECUTIVES of a polluting enterprise in Jinzhou, North China's Hebei province, were recently sentenced to prison and ordered to pay 1.08 million yuan ($158,100) in compensation to the local environmental protection bureau to cover the cleanup costs. Beijing News comments:
ACCORDING TO a recently released report, most primary and secondary schools have a tobacco sales shop within 100 meters of their gates. Gmw.cn comments on Monday:
The African continent, Sub-Saharan Africa in particular, may be relatively less developed. But its important geographical location, and vast market and abundant natural resources endue it with significant strategic value.
The world has a demand problem, and it is dealing with it all wrong. Rather than allowing itself to be harmed by other countries' problematic policies, China must work to create its own demand by making full use of its capacity for policy experimentation, long-term planning, and pragmatic decision-making.
At their meeting in Johannesburg, South Africa, in 2015, African and Chinese leaders set an ambitious goal: raising China's foreign direct investment in stocks in Africa from $32.4 billion in 2014 to $100 billion in 2020 and increasing two-way trade from $220 billion to $400 billion.
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