Article Notes from: "China's audacious infrastructure plans could put a major strain on African economies"
Article Notes from: China’s audacious infrastructure plans could put a major strain on African economies.
Article Key Points:
- China’s One Bridge One Road (OBOR) began as an idea in 2013 to expand Chinese economic influence
- OBOR involves roughly 60 countries at an estimated cost of $5 trillion US. This money pays for new rail networks, pipelines ad roads “across Asia, Europe and Africa.
- Africa remains wary of what OBOR means to their nations.
- China’s alleged focus is on Kenya, Tanzania and Ethiopia. Other countries of interest are “Cameroon to Namibia and Nigeria”.
- African states fear China will take their resources, and leave countries without development
- Africans also fear China will use their market to sell cheap Chinese products, while subverting local business interests
- Will China bring political, economic and social growth, or will it kowtow to the current regimes?
- How much debt does Africa have to go with Chinese banks to reap rewards for Chinese business?
- Will land be stolen from the people?
Source: Reboredo, Ricardo. 7Sep17. China’s audacious infrastructure plans could put a major strain on African economies. https://qz.com/1071508/chinas-one-belt-one-road-plan-could-put-strain-on-african-economies/ ; Retrieved 25Sep17
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