Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,207,120 members, 7,997,916 topics. Date: Friday, 08 November 2024 at 08:50 PM |
Nairaland Forum / Nairaland / General / Politics / Why China Now Unofficially Becomes Member Of The African Union? (636 Views)
LOAN: The Future Is At Risk, Why Nigeria Must Cut Ties With China NOW. / African Union Disqualifies Okonjo-iweala From Vying For WTO Director / Xenophobia: How South African Union Plotted Attacks – Report (2) (3) (4)
Why China Now Unofficially Becomes Member Of The African Union? by JoelSavage(m): 7:04pm On Nov 10, 2018 |
Was China praying for Western colonization in Africa to come to an end? It is obvious that during the colonial era in Africa, the Chinese were training, sharpening their skills and getting prepared to take over because they saw the African continent the right place they could depend on to make China rich by developing Africa. China’s interest in Africa is often said to be based on a strong desire to open up colonies. The front page news in Western newspapers exclaimed that with the support of the wealthy and powerful Chinese government, Chinese companies will sweep Africa's business opportunities, which is not good for Western companies and local businesses. Given these new developments, is it possible for Africa to benefit from China’s growing investment in Africa? Africa’s market now over flooded with "Made in China" goods, and it seems that every Chinese construction worker is seen on a construction site, it is easy to conclude that China is taking over Africa and developing in Africa. The colony, but it is easy to forget that China’s goods and labor can enter the African market amicably, rather than following the historical colonial model – that is, the Chinese government’s warships drove to the African coast, forcing African governments to accept the trade. In fact, it is possible for Chinese goods and companies to enter Africa because a series of actions by the WTO over the past two decades have reduced trade tariffs and opened up the African market. Therefore, what makes people laugh is that instead of China pursuing colonialism, the WTO has set up a competitive market for Africa, which has become an attractive opportunity for China. During his visit to the African Union in 2014, Chinese Premier Li Keqiang announced that China expects annual bilateral trade with Africa to reach 400 billion U.S. dollars by 2020, and China’s stock of direct investment in Africa will increase to 100 billion U.S. dollars. China's investment will be mainly in the field of infrastructure construction and through various lending institutions in China, including the newly established BRICS Bank. This kind of investment from China continues to create opportunities in various industries. For example, in African price-sensitive markets, telecommunications infrastructure has become very dependent on Chinese technology. Compared with the technology of Western competitors, Chinese technology is competitive in price, durable, and has strong after-sales service. Similarly, Chinese construction companies can overcome difficulties and deliver roads and bridges in a way that Western companies and even local companies cannot match. However, Chinese companies do not always do the right thing. China's Ministry of Commerce estimates that China's foreign direct investment has a loss of 65%; in contrast, the international standard for this ratio is 50%. Chinese companies have just begun to invest overseas. The Chinese government announced the “going out” national policy in 2000, and most Chinese companies are still in the steep learning curve of learning how to operate in an unfamiliar international environment. When describing China as the new colonial power of Africa, what the Western media often overlook is the extent to which China needs Africa. As a growing economy, China needs Africa's energy, resources and access to African markets. As a rising power, China needs the political support of African leaders as a bastion against the West. Read more: https://www.modernghana.com/news/896539/why-china-now-unofficially-becomes-member-of-the-african-uni.html
|
Re: Why China Now Unofficially Becomes Member Of The African Union? by Obainoneandonly(m): 7:34pm On Nov 10, 2018 |
Chinese people are very wicked. go to any Chinese company in Nigeria and see how they treat our people.. they treat their workers like slave and have zero respect for them |
Re: Why China Now Unofficially Becomes Member Of The African Union? by Omololu001: 7:42pm On Nov 10, 2018 |
Obainoneandonly:I just happy say I will never work in their factories, cause I will beat the hell out of them. Emi freedom fighter. |
Re: Why China Now Unofficially Becomes Member Of The African Union? by Obainoneandonly(m): 7:49pm On Nov 10, 2018 |
Omololu001:i worked with them in their construction company, and wat I saw was appalling that I left with bitterness in me... anytime I see their workers in their staff bus, wat comes to mind is slavery, bcoz that's how they treat our people. like piece of sh*t |
Re: Why China Now Unofficially Becomes Member Of The African Union? by Ola17: 8:48pm On Nov 10, 2018 |
Obainoneandonly: Inasmuch as i feel really bad about how some Chinese employers treat their Nigerian employees, your statement about the Chinese being wicked is at best, callous. You don't just make such a sweeping generalization because of few instances of poor treatment of Nigerian workers by their Chinese employers. The Chinese Foreign and Trade ministry will do well to educate their companies overseas on the best way to conduct themselves so as not to cast the Chinese government and its wonderful people in bad light. |
Re: Why China Now Unofficially Becomes Member Of The African Union? by Obainoneandonly(m): 9:03pm On Nov 10, 2018 |
Ola17:bro find time and visit any, if not all Chinese company(s) and see for yourself Wat am saying. they are all the same with the same behavior towards their workers.. these people are very wicked, and I say it from the bottom of my heart |
Re: Why China Now Unofficially Becomes Member Of The African Union? by Ola17: 11:17pm On Nov 10, 2018 |
Obainoneandonly: Brother, I'm not saying you didn't have some bad experience with your former employers, sh1t happens, but using that single experience to call all Chinese people wicked portrays you as a narrow minded person which I'm sure you are not. Good and bad people cuts across all race. I've been dealing with the Chinese people for years and it has been a wonderful experience so far. The business or work partnership that will change your life may be with a Chinese, but that opportunity may never come your way if you conclude they are all wicked and terrible people. |
(1) (Reply)
Again, 2 Reps members dump APC / Ibrahim Sakaba: Slain Nigerian Army Commander Hailed For Selflessness In Boko Ha / NYSC Cancels Davido’s Service
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40 |