Topic > Chinese Enterprises in Africa - 1116

Chinese enterprise investment in Africa has seen notable progress over the past fifty years and in three different phases. Initially, connections were established between China and African countries as they chose autonomy. Later in 1971, China became an official and permanent member of the United Nations Security Council. The last phase covers the post-Maosis period and is described by the liberalization and subsequent development of the Chinese economy. Africa is rich in natural resources and since it is a developing nation, countries encourage foreign direct investment. China sees Africa as a container of resources that has not yet been exploited/well explored. This investment by Chinese companies in Africa has also led to the development of these nations, so it is a win-win situation for them. Overall, China has the same motivations for participating in Africa as other real-life characters do on screen. Beijing needs African oil to increase its significant imports with the ultimate goal of protecting the solid development of its economy and forces other natural resources to maintain production capacities. Chinese organizations, as well as their European and American partners, also aim to ensure open doors to African markets. However, their separate systems commonly vary across numerous records. China's interest in the commons, consolidated with its process of expanding energy imports and accessing new markets, has led to the rapid expansion of Chinese speculation in Africa. Meanwhile, Chinese organizations have been less hesitant than some of its Western partners when it comes to establishing trade engagements in nations plagued by internal conflict. This implies that China has a clear need to secure its diversions in Africa. Whole...... half of document...... trip, promises to expand China's foreign aid,” Xinhua, September 23, 2010: http:newsxinhuanet.com/english2010/china/2010-09/23/ c_13525852 .htm (accessed November 17, 2013) Zheng, Liang “Neocolonialism, ideology or just business: China's perception of Africa” Global Media and Communication, Vol.6:3 (2010): 271-276Baker & McKenzie ; http://www.bakermckenzie.com/globalemergingmarketsindia/Reuters 2014; http://www.reuters.com/article/2014/03/07/markets-emerging-idUSL6N0M414Q20140307CNN Money, 2014; .cnn.com/2014/02/11/why-indias-emerging-market-is-in-trouble/ http://www.tradeforum.org/What-are-Chinese-and-Indian-Firms-doing-in -Africa/ http://www.chinausfocus.com/finance-economy/chinas-investments-in-africa/http://www.economist.com/news/middle-east-and-africa/21574012-il-commercio -chinese-africa-continues-to-grow-fears-of-neocolonialism-are-exaggerated-other