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“Right now you could say that any big project in African cities that is higher than three floors or roads that are longer than three kilometers are most likely being built and engineered by the Chinese. It is ubiquitous,” spoke Daan Roggeveen, the founder of MORE Architecture and author of many works on urbanization in China and Africa...Since 2011, China has been the biggest player in Africa’s infrastructure boom, claiming a 40% share that continues to rise. Meanwhile, the shares of other players are falling precipitously: Europe declined from 44% to 34%, while the presence of US contractors fell from 24% to just 6.7%.
“The Chinese SOEs they are really taking over the market of infrastructure projects in Africa. It's true to say that everywhere you go in East Africa you see Chinese construction teams,” said Zhengli Huang, a research associate at the University of Sheffield.
When we look at Africa, we see many countries chasing dreams of a better economic future while burying themselves in massive amounts of infrastructure-induced debt that they may not be able to actually afford. There have already been warning signs: the $4 Addis Ababa-Djibouti Railway ended up costing Ethiopia nearly a quarter of it’s total 2016 budget, Nigeria had to renegotiate a deal with their Chinese contractor due to their failure to pay, and Kenya’s 80% Chinese-financed railway from Mombasa to Nairobi has already gone four times over budget, costing the country upwards of 6% of it’s GDP. In 2012, the IMF found that China owned 15% of Africa’s external debt, and hardly three years later roughly two-thirds of all new loans were coming from China. This has some analysts issuing warnings about debt traps – with some even going as far as calling what China is doing a new form colonialism.
While China’s tens of billions of investments and loans are greedily gobbled up by cash-starved African states, they are not as bereft of strings as is often claimed. In fact, the BRI is trapping numerous countries in unsustainable levels of debt. At the same time, bilateral trade, though often increasing after the conclusion of a deal, remains one-sided, where China extracts resources for exports but imports cheap finished goods of questionable quality that undermine local manufacturers. With a country’s destiny thus chained to Beijing’s wits, accusations of Chinese “neo-colonialism” are rising – not surprising given Beijing’s scramble for Africa.
originally posted by: StoutBroux
But if you do an ATS search, you will see there are many many threads about China in Africa and implications of dominating Africa's resources.
The world is constantly changing and dominating forces come and go. China's sheer man power gives it influence and power in many areas. It's Darwin's theory.
Besides, Africa doesn't seem to be resisting much.....yet.