China’s economic ascendency and the ensuing rivalry between Beijing and Washington, representing the world’s two largest economies, are being played out across the resource-rich African continent.
I’d say it’s too soon to see if China will take an imperialist approach. The US and Europe seem to be decoupling from them, so they are in desperate need of well-developed markets that will buy their products. It’s in their own best interest that African nations develop quickly (which also hurts the US and Europe, making it harder to get cheap raw materials, thus doubly good for China).
I’d say it’s too soon to see if China will take an imperialist approach. The US and Europe seem to be decoupling from them, so they are in desperate need of well-developed markets that will buy their products. It’s in their own best interest that African nations develop quickly (which also hurts the US and Europe, making it harder to get cheap raw materials, thus doubly good for China).