I hear say this MC na igbo

Bro who is peter Obichina lol

dheilaw1:
Peter Obichina should answer this

Aug 4, 2018

What Is China Doing In Africa?

Chinese corporations are all over Africa. In June 2017 a McKinsey & Company report estimated that there are more than 10,000 Chinese-owned firms operating in Africa.

What are Chinese corporations doing in Africa? That's a highly controversial issue.

The reason Chinese corporations are in Africa is simple; to exploit the people and take their resources. It’s the same thing European colonists did during mercantile times, except worse. The Chinese corporations are trying to turn Africa into another Chinese continent. They are squeezing Africa for everything it is worth.

This is the view several African politicians have. The Zambian politician Michael Sata was one of them. At least he was before being elected President of Zambia in 2011. He wrote a paper presented to Harvard University in 2007 that said “European colonial exploitation in comparison to Chinese exploitation appears benign, because even though the commercial exploitation was just as bad, the colonial agents also invested in social and economic infrastructure services Chinese investment, on the other hand, is focused on taking out of Africa as much as can be taken out, without any regard to the welfare of the local people.” (quoted in Scott D. Taylor's "The Nature of Chinese Capital in Africa, Current History, May 2018, p. 197)

Sata's bold position got some support by a deadly blast at an explosives factory partly owned by the Chinese state killing 50 Zambian workers.

Africa’s Equities Have Underperformed Emerging Markets

ETF 5-year performance (%)
VanEck Vectors Africa Index (AFK) -21.69
iShares China Large-Cap (FXI) 22.14
iShares MSCI Emerging Mar

Globalization managed to skip Africa by for years. There were several reasons for this. Africa was considered to have poor infrastructure, political instability, and low income. "The trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. During the years when Brazil, India, China and the other “emerging markets” have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain," writes Tom Burgis in The Looting of Africa (New York: Perseus Books Group, 2015). While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent.

Everything changed when China came along. The country was desperate for raw materials and energy to power their growing manufacturing capacity. They put Africa on the globalization map. The continent was placed right next to Shanghai in terms of Beijing’s business priorities.

Africa was at the top of the Beijing economic agenda. It was an easy and convenient target. Chinese leaders sent business delegations to every capital in Africa year after year. These delegates secured infrastructure projects and proposed trade deals, converting Africa into a “second continent” for China. Metaphorically, that is.

Howard W. French describes the situation in the book China’s Second Continent (New York: Alfred A. Knopf, 2015), explaining; ““Sensing that Africa had been cast aside by the West in the wake of the Cold War, Beijing saw the continent as the perfect proving ground for some Chinese companies to cut their teeth in international business. It certainly did not hurt that Africa was also the repository of an immense share of global resources—raw materials that were vital both for China’s extraordinary ongoing industrial expansion and for its across-the-board push for national reconstruction.”

The long arm of globalization had touched Africa. Trade between China and the “second continent” of Africa reached close to $300 billion in 2015.

Not everyone feels that China is attempting to turn Africa into a Chinese colony though. One such person is Ching Kwan Lee, a professor at the University of California. Lee argued in the Specter of Global China: Politics, Labor, and Foreign Investment in Africa (University of Chicago Press, 2017) that the investments the Chinese state made in Africa weren’t made as “imperialists” or “colonialists”. Nor were ones by private corporations. Chinese corporations aren’t being motivated by profits. They have a long-term horizon in mind, and they make for good local citizens. The Chinese people in Africa pay their fair share of taxes to the countries they do business with. Lee goes so far as to contend that Chinese corporations actually promote African independence and autonomy, rather than the usual dependence that is associated with colonialism. China is helping Africa to stand by themselves, rather than making Africa dependent on them.

Maybe it would be best to avoid sharing this opinion with the Pakistanis and Sri Lankans that are heavily indebted to China. These are the people that are most at-risk of becoming modern-day colonies for Beijing.

I’m Professor and Chair of the Department of Economics at LIU Post in New York. I also teach at Columbia University. I’ve published several articles in professional journals and magazines, including Barron’s, The New York Times, Japan Times, Newsday, Plain Dealer, Edge Singa...

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My recent book The Ten Golden Rules Of Leadership is published by AMACOM, and can be found here.
©2018 Forbes Media LLC. All Rights Reserved.
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https://www.forbes.com/sites/panosmourdoukoutas/2018/08/04/china-is-treating-africa-the-same-way-european-colonists-did/#5b207bbd298b

You right !!! Thank God for my Facebook streaming

bettercreature:
United thread is always empty any time DSTVs 7000 naira subscription is not showing the Match
I am just watching liverpool and getting united update from livescores

Lies!!!! You traveled back home for Xmas

Rooney ke !!!! Stop that joke

Antipob777:
Rooney is really a flop in today's match. I will advice Man Utd to sell him off and get a good replacement.

I don't see Utd winning this match as the goal scored is by luck.

What about If they got married ?

jamoyakz:
yes if the age difference is much

Does age difference matters in fiancé visa

monnex:
. I want to buy the sim

Sorry not for sale

I’m following this thread

Thank you Khaz more power to your elbow

pat1612:
This one is not new whenever i travel in and oit of lagos immigration officers even customs ask for money. If you pay you zoom of all stress if not you will be stop at first customs check before boarding second at immigration desk after security check one more customs desk and then when u reach to boarding gate they check u again for dollars u r carrying again customs
If u know the drill and u know how to tackle them and u r not carrying anything illegal u can boldly tell them oga i am not paying u a dime.
When everyone passing through airport starts saying NO is when they will stop asking but in order to avoid stress we find easy way out to give them 500 or 1000 naira and walk away
I know wrong things are happening at airport in lagos but if u are right u won't pay. Most of time my transit is ethopia another african country and i have never face same stres as i do in nigeria.
But still things can work here hope for best people will change

Nigerian immigration messed us much internationally, my fiancé came to Nigeria for the first time from the state , the immigration man asked her for dollar which she gave, and when going back a woman asking for money and sneakers

God bless Nigeria my country

Nigeria emergency number is !!! Ara adugbo egbami oooooo , Goodmorning o

Una Goodmorning oo

Jiang:


Excessive consumption of Beer, Alcohol, sugar, coke etc

Over eating junk food( idomie, Mr Biggs) etc

Fufu in the morning, eba for lunnch , tuwo for dinner.

Hardly do they exercise

Thank you sir

Pardon me ,why most Nigerians men hav pot belly

Bigjoe15:

which app do u normally use?

I used live player on my iPhone it’s a nice app

PharmAlfred:
Which DSTV Channel will show the match?

I hate DSTV thank God for online Tv streaming

Let’s pray for her , sense no go kill me

Na only una Waka go jail o enjoy it fools

September 08 where are thou

Toyosi or what do you call your name !!remember the day your parents gave birth to you

Mobs please no jungle justice, it tarnished we Nigerians internationally

toluxa1:
By the way it seems unless your expiration date is due on WAWU, it won't stop browsing. I'm not sure the data data is allocated during this maintenance period. I have definitely gone way past my data balance on my current line. The other one stopped on the expiration date.

The data was exhausted before expiration date , till now I can’t top up

Im not unable to top up my account through quick teller Response was that your number cannot be validated please any alternative

United united united !!! Uniiiited , let me book space

Nothing yummy in this

CSTR1005:
I expect crime to increase.

The govt is taking legitimate jobs away from those Yoruba touts driving those vehicles.

Received your lost memory

chris4gold:
Nice project

Nice but we lack maintenance culture