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
Other links cited by the article:
- http://www.thestandard.com.hk/section-news.php?id=182837
- https://eng.yidaiyilu.gov.cn/qwyw/rdxw/25999.htm
- https://www.pwc.com/gx/en/growth-markets-center/assets/pdf/china-new-silk-route.pdf
- https://theconversation.com/the-belt-and-road-initiative-chinas-vision-for-globalisation-beijing-style-77705
- http://www.iberchina.org/files/2016/TWQ_Fall2016_Shambaugh.pdf
- https://thediplomat.com/2017/05/who-is-actually-attending-chinas-belt-and-road-forum/
- http://www.atimes.com/article/chinas-belt-road-keep-african-economies-moving/
- https://www.theguardian.com/world/2015/apr/14/ethiopia-villagisation-violence-land-grab
- https://qz.com/996255/kenyas-3-2-billion-nairobi-mombasa-rail-line-opens-with-help-from-china/
- http://www.africanews.com/2017/07/25/ethiopia-djibouti-electric-rail-to-start-commercial-operations-in-october-2017//
- https://www.ft.com/content/947ea960-38b2-11e7-821a-6027b8a20f23
- http://www.lawschool.cornell.edu/research/ILJ/upload/Arewa-final.pdf
- https://theconversation.com/chinas-economic-slowdown-threatens-african-progress-49544