At least you see them investing in Cameroon. The goal is to reduce poverty and improve public health, infrastructure and industrialization. The East Asian country is creating African fabric designs that are cheaper than those made in Nigeria. Nigeria is the biggest overseas customer of Chinese construction companies. The reason why China is investing in Africa is mainly the access to natural resources, in particular oil and minerals. News services Your news when you want it.
Pros and Cons of Chinese Investments in Africa
The goal adn to reduce poverty and improve public health, infrastructure and industrialization. Funding will go to vocational schools, scholarships, and exchange programs with China. In addition to creating infrastructure and funding health care, China can also help boost local economies. Technology companies have helped develop local skills. The school refines the skills of local engineers, who cninas run and support cell phone networks; Africa has experienced a telecommunications revolution. He believes that closer ties between Africa and China will be a win-win co-operation. Another deal involved plans to build a car manufacturing plant in the country.
Pros and Cons of Chinese Investments in Africa
We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice. This article is part of the World Economic Forum’s Geostrategy platform. Dozens of African leaders have made the trip to Beijing, with the aim of bolstering political and commercial ties with China. FDI, invested by companies from their balance sheets, is the best indicator of true market interest. Both Chinese and American large-cap firms have an extensive presence on the continent.
The goal is to reduce poverty and improve public health, infrastructure and industrialization. Funding will go to vocational chinas investment in africa pros and cons, scholarships, and exchange programs with China. In invetment to creating infrastructure and funding health care, China can also help boost local economies. Technology companies have helped develop local skills.
The school refines the skills of local engineers, who then run and support cell phone networks; Africa has experienced a telecommunications revolution. He believes that closer ties between Africa and China will be a win-win co-operation. Another deal involved plans to build a car manufacturing plant in the country. Nigeria is the biggest overseas customer of Chinese construction companies.
China is the top lender to Nigeria and has afgica helping the African country build roads, rail lines, airport terminals, power plants and other infrastructure.
Subpar counterfeit products are becoming widespread in the country. In some cases, the quality does not matter. However, it can become very dangerous in electronic goods.
A few Chinese electrical products have caused fires in Nigeria. A few protests have broken out; workers in Lagos protested layoffs by a Chinese construction company. The East Asian country is creating African fabric designs that are cheaper than those made in Nigeria.
You must be logged in to post a comment Login. Unsubscribed : confirmed! Pros: China can provide training and jobs to Africans In addition to creating infrastructure and funding health care, China can also help boost local economies. Advertising Mission Legal. Subscribe to our free Newsletter.
Now we have the Chinese in the African market place, and the western countries who have long taken Africa for granted are panicking. What are the pros and cons of doing business with the Chinese? Analyzing the phenomenon in detail, the impact of Chinese investments is based on seven factors: commodity prices, capacity to extract, infrastructure, manufacturing, employment, market access and consumers. If nothing is done now, Africa will become an annex of China. Subscribe to our free Newsletter. But are there too many Chinese goods flooding Africa’s markets? There is no risk trading with China just like there is non doing business with the western nations.
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