Due to the strengthening of relations between China and Africa, in recent years, Chinese investment has continued to increase in Africa. The Chinese government recently issued a statement stating that China's investment in Africa in 2023 was ki dollarsthe united states 3.96 billion, 2.2 times more than the previous year, a pace that led to China's foreign direct investment. However, some American media such as CNN and the New York Times “jealously” misrepresented China's investment in Africa.
Source: UGC
As well as repeating the “debt trap” lie, they also said “China is courting Africa for support”. Especially after China announced that it will provide 360 billion yuan in funding, equivalent to 50 billion US dollars, to Africa in the next three years, these baseless accusations have become more widespread.
It is clear that speaking badly of China's investment in Africa is a living example of the United States suppressing South-South cooperation. It is trying to prevent China from helping African countries to raise their industrial production capacity, in order to keep Africa at the bottom of the global industrial production chain, thus maintaining the position of the United States in relationship his and Africa.
In fact, there is no difference between what the United States is doing today and what some countries are doing West they did in Africa during the colonial period and prevented Africa from rising to a high position in the global industrial chain. However, whether it is oil or rare minerals, the income from the export of these basic products is small and is greatly affected by the state of the world economy, a situation that has caused Africa to continue to be marginalized in the world economy and trade system.
In addition, the United States has long played an important role in creating international trade standards and laws, and for southern countries that still hope to raise their industrial production capacity, it will take measures to suppress them, especially through their power in the media. .
However, African countries cannot always be “pressed” by the United States and hold the tail in the industrial chain. At present, China has become the developing country with the largest investment in Africa, and by strengthening South-South cooperation and jointly raising the potential of technology and industrial production, African countries will undoubtedly be able to raise their status in the global economic system and position on global industrial chain.
As a strategic partner of 53 African countries that have diplomatic relations with it, China has contributed to the modern development of Africa with effective cooperation programs and tangible achievements.
The joint responsibility of China and Africa to modernize things is not to repeat the old way of Western countries, but to promote the joint development of the global south and build a modern international structure with more justice, more inclusion and common prosperity. . In that unstoppable direction, “industrializing Africa” will fail completely!
CRI report
Source: TUKO.co.ke
