\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all
\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all
\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all
\n

ALSO READ:<\/strong> DISCUSSION: Africa\/China relationship \u2013 Mutual benefit or Is one exploiting the other?<\/a><\/p>\n\n\n\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all
\n

This trade imbalance has not gone unnoticed by Africans. As a result, African leaders decided to use the large Forum on China-Africa Cooperation (FOCAC) Summit in Beijing earlier this week to collectively push China to help balance the scale.<\/p>\n\n\n\n

ALSO READ:<\/strong> DISCUSSION: Africa\/China relationship \u2013 Mutual benefit or Is one exploiting the other?<\/a><\/p>\n\n\n\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all
\n

Although China has been Africa\u2019s largest trade partner overall since 2008, there has been a stark trade imbalance in the composition of the trade, not just with Kenya but with 39 other African countries <\/a>with diplomatic relations with China. Raw, unprocessed materials are exported from a few countries while manufactured, cheap goods are imported into the majority of African countries. For land-locked Uganda \u2013 the ratio of imports to exports to China was 22:1. Even the continent\u2019s top oil producer Nigeria, for every $1 of exports to China, imported $11.<\/p>\n\n\n\n

This trade imbalance has not gone unnoticed by Africans. As a result, African leaders decided to use the large Forum on China-Africa Cooperation (FOCAC) Summit in Beijing earlier this week to collectively push China to help balance the scale.<\/p>\n\n\n\n

ALSO READ:<\/strong> DISCUSSION: Africa\/China relationship \u2013 Mutual benefit or Is one exploiting the other?<\/a><\/p>\n\n\n\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n
\"\"<\/figure>\n\n\n\n

Although China has been Africa\u2019s largest trade partner overall since 2008, there has been a stark trade imbalance in the composition of the trade, not just with Kenya but with 39 other African countries <\/a>with diplomatic relations with China. Raw, unprocessed materials are exported from a few countries while manufactured, cheap goods are imported into the majority of African countries. For land-locked Uganda \u2013 the ratio of imports to exports to China was 22:1. Even the continent\u2019s top oil producer Nigeria, for every $1 of exports to China, imported $11.<\/p>\n\n\n\n

This trade imbalance has not gone unnoticed by Africans. As a result, African leaders decided to use the large Forum on China-Africa Cooperation (FOCAC) Summit in Beijing earlier this week to collectively push China to help balance the scale.<\/p>\n\n\n\n

ALSO READ:<\/strong> DISCUSSION: Africa\/China relationship \u2013 Mutual benefit or Is one exploiting the other?<\/a><\/p>\n\n\n\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Tea is Kenya\u2019s biggest export earner, topping tourism and coffee. But ask any Chinese person what they know Kenya for, and they\u2019ll say elephants or marathon runners. Why? Despite being the largest consumer of tea in the world, China ranks 29th<\/sup> in terms of Kenya\u2019s tea export destinations.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Although China has been Africa\u2019s largest trade partner overall since 2008, there has been a stark trade imbalance in the composition of the trade, not just with Kenya but with 39 other African countries <\/a>with diplomatic relations with China. Raw, unprocessed materials are exported from a few countries while manufactured, cheap goods are imported into the majority of African countries. For land-locked Uganda \u2013 the ratio of imports to exports to China was 22:1. Even the continent\u2019s top oil producer Nigeria, for every $1 of exports to China, imported $11.<\/p>\n\n\n\n

This trade imbalance has not gone unnoticed by Africans. As a result, African leaders decided to use the large Forum on China-Africa Cooperation (FOCAC) Summit in Beijing earlier this week to collectively push China to help balance the scale.<\/p>\n\n\n\n

ALSO READ:<\/strong> DISCUSSION: Africa\/China relationship \u2013 Mutual benefit or Is one exploiting the other?<\/a><\/p>\n\n\n\n

In response, the Chinese government offered four new ideas, set out in president Xi\u2019s speech during the forum.<\/h3>\n\n\n\n

Idea#1<\/strong> - First, to do more to promote African products in China. For example, to use e-commerce to promote the products; create a China-Africa Economic and Trade Expo, and encourage African countries to participate in the China International Import Expo in November 2018 in Shanghai. The poorest African countries will not have to pay exhibition stand fees to take part. These will provide opportunities for regular marketing activities for African products.<\/p>\n\n\n\n

Idea#2<\/strong> - Second, the Chinese government offered 50 trade facilitation programs for Africa\u2014that\u2019s close to one per country\u2014and thereby increasing cooperation on market regulation and customs procedures.<\/p>\n\n\n\n

Idea#3<\/strong> - Third, the Chinese government offered to create a new $5 billion-worth fund for financing imports from Africa.<\/p>\n\n\n\n

Idea#4<\/strong> - Fourth, the government committed to continue to hold free trade negotiations with interested parties.  Which could expand the duty-free access that it already gives to 97% of products from the Least Developed Countries (LDCs) in Africa to other middle-income African countries too.<\/p>\n\n\n\n

Will this be enough to turn around the huge trade deficits that some countries experience?<\/p>\n\n\n\n

It\u2019s unlikely.<\/p>\n\n\n\n

For instance, it\u2019s currently impossible to find Ethiopian wine in Beijing, despite Ethiopia\u2019s LDC status. And even though US and EU imported wine have high tariffs levied on them. Indeed, official \u201czero tariffs\u201d on African goods, in theory, are not always the practice on the ground. <\/p>\n\n\n\n

According to a 2016 UN study, 50% of African LDC agricultural products coming into China still end up having to pay import taxes. For the four measures to have a real impact, there needs to be a major shift in global manufacturing patterns. The more manufacturing there is in Africa, the more exports will start to turn around.<\/p>\n\n\n\n

READ MORE HERE >><\/a><\/strong><\/div>\n","post_title":"African Presidents Confront China On Trade Imbalance And China Says This","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-presidents-confront-china-on-trade-imbalance-and-china-says-this","to_ping":"","pinged":"","post_modified":"2024-08-12 23:19:25","post_modified_gmt":"2024-08-12 23:19:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/qz.com\/africa\/1382074\/what-african-countries-really-get-from-focac-china-summit\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11227,"post_author":"17","post_date":"2017-06-30 03:12:15","post_date_gmt":"2017-06-30 03:12:15","post_content":"\n\n[caption id=\"attachment_290452\" align=\"alignnone\" width=\"800\"]\"bauxite\" Photo by PhilemonYoo<\/a> from Wikimedia Commons<\/a><\/em>[\/caption]\n\nIt is true Africa may not boast the most glowing continental repute of having the best infrastructural wonders out there. Yet this doesn\u2019t mean nations in Africa are that baldy handicapped up to using crude abacus in their central banks. Africa still boasts of a fair share of the indigenous industry. Those industries Africa already basks in or those it hopes to build. Among the latter is the promising Ghanaian bauxite industry. The nation has signed a $10 billion memorandum of understanding (MOU) with China to massively build.\n\nSome three years ago following a pronounced fiscal crisis and crashing commodity prices, economic growth in Ghana stalled. Earlier this year when the incumbent Ghanaian President Akufo-Addo ascended, he elucidated a relief program. This program was slated to restore the Ghanaian economy from the woods back to the path of growth. This he planned to do through giant reforms in the private sector and rural growth. Such presidential ambitions form the basis for this new investment coming from China.\n
ALSO READ: Ghana Begins Construction Of A New Drinking Water Supply System<\/a><\/strong><\/div>\nSpeaking on the development, Yaw Osafo-Maafo  who is a Senior Minister in Ghana dragged to the ambitions of the President:\n\n\"To develop the bauxite project with its railway and converting bauxite into aluminum we will need about $10 billion \u2026 we signed an MOU,\" Osafo-Maafo announced reporters at a conference in London after he touched down home from China.\n\n\n\n\"The money will come from the Chinese Development Bank, the implementation of the project will come from other agencies, infrastructure agencies in China, like China Railway,\" he said.\n

What the government plans to do with revenue from bauxite  sale<\/h2>\nSuch money from China would be judiciously appropriated to the construction of 1,400 km of an intended 4,000 km railway network. Such project would completely link production sites to bauxite mines even up to procuring a rail link into Burkina Faso.\n\n\n\nIn course of his China visit, signatures were touched on a separate MOU between the Association of Ghana Industries and China. The aftermath of this mature into a gigantic $2 billion investment in industry as well as in agricultural projects.\n
ALSO READ: Was It Right To Enstool A Chinese National In Ghana?<\/a><\/strong><\/div>\nRecounting the words of Osafo-Maafo \"build a dam in every village and a factory in every district\", he said.\n\nSuch giant projects are what we want to be hearing about. Impressive infrastructural leaps that pulls Africa up to par with its continental contemporaries.\n\nSource: Read More Here >><\/a>","post_title":"Ghana Signs $10b Bauxite Deal With China","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"ghana-signs-10b-bauxite-deal-with-china","to_ping":"","pinged":"","post_modified":"2024-10-04 06:24:20","post_modified_gmt":"2024-10-04 06:24:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=11227","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3347,"post_author":"7","post_date":"2010-08-17 16:08:18","post_date_gmt":"2010-08-17 16:08:18","post_content":"\nHas\u00a0China<\/a>'s push for raw materials become a \"new form of neo-colonialist adventure\" with African<\/a> raw materials exchanged for low quality manufactured imports and little attention paid with truly developing an impoverished continent?\n\n[caption id=\"attachment_294017\" align=\"aligncenter\" width=\"600\"]\" Image Courtesy of https:\/\/www.biyokulule.com - Left, a Chinese merchant in Ndjamena. Officials say money from Chinese investments could fix schools and hospitals, or provide jobs and new roads. But so far, even with binding arrangements governing the use of oil revenues, Chad\u2019s people have largely missed out<\/em>[\/caption]\n\n
\n

TAKE OUR POLL<\/h2>\n[totalpoll id=\"319117\"]\n\n<\/div>\n\n

Quote from Africa<\/a>\/China Relations Article on The Independent<\/em><\/h3>\n

China deals with just about any rogue and unsavory regime in Africa. It supplies jet fighters, military vehicles and guns to Zimbabwe, Sudan, Ethiopia and other repressive governments. At the UN, China has used its veto power to block sanctions against tyrannical regimes in Sudan and Zimbabwe.<\/em><\/p>\n

The nature of China's contracts is most objectionable. They are secured through outright bribery by building presidential palaces (Namibia, Sudan and Zimbabwe) and sports stadiums (Democratic Republic of Congo and Guinea). Namibian prosecutors are investigating allegations of bribery and kickbacks on government contracts with China to supply Namibia with scanners at security checkpoints. Nuctech, the Beijing-based manufacturer and headed until 2008 by the son of Hu Jintao, China's president, is accused of paying $4.2 million in kickbacks to a Namibian front company (New York Times, July 31st 2009, p. A4). Another investigation involves a Chinese contract to build a key railroad link.<\/em><\/p>\n

<\/p>\n

Most alarming, the deals are opaque and on barter terms dictated by China. For example, in exchange for oil exploration slots, China will rebuild Nigeria's dilapidated railway system. But China will supply nearly all the equipment and technical personnel at prices determined by itself. There is no protection against overcharging or cost overruns. As with other projects in Africa, China will supply most of the workers. The potential for exploitation and plunder of Africa's resources is enormous in such contracts, leading irate African commentators to denounce what they see as \"chopsticks mercantilism\". With chopsticks dexterity, China can pick off mineral dumplings with relish in Africa, all to its advantage.<\/em><\/p>\n

Further, China's engagement has devastated local industries in Lesotho, Nigeria and Zambia. In Nigeria, the influx of Chinese products has destroyed Kano's manufacturing sector. In 1982, 500 factories churned out textile products in Kano, but fewer than 100 remain operational today, most at far less than full capacity. In South Africa, the textile union says some 100,000 jobs have been lost as Chinese synthetic fabrics replace cotton prints in street markets across Africa.<\/em><\/p>\n

Angry Africans are sounding off. In 2007, South Africa's unions threatened to boycott anyone selling Chinese products. In April 2007, nine Chinese workers were killed in an attack by armed men on an oil field in eastern Ethiopia. In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) has vowed to expel all Chinese workers in the area.<\/em><\/p>\n","post_title":"DISCUSSION: Africa\/China relationship - Mutual benefit or Is one exploiting the other?","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"discussion-africachina-friends-with-mutual-benefits-or-is-one-friend-exploiting-the-other","to_ping":"","pinged":"","post_modified":"2024-08-14 01:12:40","post_modified_gmt":"2024-08-14 01:12:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.wpengine.com\/?p=4178","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"5","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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