Economic Powerin China in Africa
China's surging economic power and continue stuck in Africa. Business and Chinese investment in the region increasingly menggurita. This creates a perception in diplomatic circles that Beijing is host to the "Dark Continent". It made the United States upset.
Economists
and finance, Sunday (12/12/2010) in Johannesburg, South Africa,
believes China has begun to dominate a number of vital sectors in
Africa. Our business and investment becomes even more prominent subject of China-US tensions. Even so, remain impossible for China to control the total area.
However, Beijing has sharpened nails and investment business in Nigeria, Angola, Zambia and South Africa. Bilateral
trade China-South Africa in 2008 rose sharply to 106.8 billion U.S.
dollars from 10.6 billion U.S. dollars in 2000 or grow more than 30
percent per year.
China's aggressive enough in Africa. Bamboo
Curtain country businessmen to invest in road infrastructure, water
supply, electricity, until the basic needs of the sector.
World
Bank says African continent requires an investment fund 93 billion
dollars per year over the next 10 years for infrastructure. China took the opportunity in cooperation with several governments in Africa.
Head of the Africa Programme for Chatham House Alex Wines said, China has also entered the petroleum sector. Chinese oil companies have significant flexibility to operate in Africa by selling directly to the market.
China has also entered the construction services. "There are so many Chinese companies, including those that are not being tracked," said Wines.
Martyn
Davies, chief executive of Frontier Advisory, a company specialized in
emerging markets, in Johannesburg, said Chinese companies are exploring
different types of business.
Strategic Plan Davies praised China's prowess in mobilizing the power of business and investment in Africa. "Somehow the appearance of large-scale strategic plan like this. All parties are deployed, "said Davies.
China
could even be easy to spend money with companies or state owned
companies for mining and infrastructure projects in Africa. Things like that are not thought by Western countries and its local competitors.
In
2007 Commercial Bank of China buy 20 percent of Standard Bank (South
Africa), with funding of 5.6 billion U.S. dollars in cash. At that time, Chinese investment is directly recorded as the largest foreign investment in Africa.
"Funding
for Chinese companies not only from companies from China, local finance
companies are also involved directly in it," said Chris Alen, African
experts from the London School of Economics. He explained that Chinese companies are also involved in project tenders World Bank and other public projects.
Beijing
also reportedly participated arrange business contracts in commodities,
like oil and minerals, with promises of infrastructure development. Things like that is a step forward and have never done the U.S. and the West.
Chinese
Vice President Xi Jinping, who is expected to be the next leader of the
communist state, last month spent a week in Africa. He
travels, ranging from South Africa, Angola, to Botswana, to establish a
series of business and investment cooperation, ranging from textiles,
electricity, up to the retail sector.
U.S. to China no matter mangkel. WikiLeaks leaked diplomatic wire on Sunday, specifically indicates that the U.S. is annoyed with China's policies in Africa.
Wire
Citing a senior U.S. official in Nigeria, China referred to as
"economic competitors are very aggressive and destructive, with no
morals".
Many analysts believe Beijing is only playing to look for market opportunities, not to control of Africa. China
Business benefits brought to Africa by the financial sector, without
having to establish a direct relationship in the field, but playing at
the top level.
Banking China and Africa have also formed joint ventures and develop rules to facilitate economic relations.
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