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China Daily Website

Win-win cooperation between China and Africa

Updated: 2013-03-27 22:12
( chinadaily.com.cn)

Chinese President Xi Jinping's visit to three African countries ushers Sino-African cooperation into a new period, says an article of the 21st Century Business Herald. Excerpt:

In the past decade, more and more African countries have been motivated by China's economic growth. They are eager to learn how China has grown from a less-developed agricultural country to an industrial country that has lifted most its poor people out of poverty in a short period of time.

China's path cannot be copied or transplanted given the different national conditions. The West is increasingly worried about China's expanding influence in Africa and is trying to contain China. But this is a wishful action.

In fact, the West came to Africa much earlier than China. Be it colonialism or neocolonialism, experience proves that the West has not brought real concrete changes to the less-developed continent. But China has accomplished what the West had failed to do in Africa. China has invested more than $20 billion in African countries and has promised another $20 billion in the next three years. The support for Africa is significant against the backdrop of the global financial crisis.

China has many reasons to pay attention to Africa. China has entered a transformation stage. It is eager to find more foreign markets to release its excessive capital and productivity. The market in the West has shrunk, and China's domestic consumption is limited.

China will attach more importance to the African market. China sincerely hopes African countries develop faster, which is helpful for China's economic transformation and growth. This is a win-win situation.

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