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China’s Interest in Africa China as Savior, or China as Exploiter? David Pietz, Washington State University.

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Presentation on theme: "China’s Interest in Africa China as Savior, or China as Exploiter? David Pietz, Washington State University."— Presentation transcript:

1 China’s Interest in Africa China as Savior, or China as Exploiter? David Pietz, Washington State University

2 Libya Security Council Resolution 1973 (March 17, 2011): immediate cease fire, authorized all member states to protect their civilians, authorized a no-fly zone, and strengthened arms embargo against Libya What was China’s position?

3 In Four Parts A Deepening Relationship: Some Data and Characterization Background: Feeding the Economic Machine Case Study: Oil Generalizing: “Resource Nationalism,” “Beijing Consensus,” “New Great Game”

4 In the Ten + Years since the 1997 “East Asian Economic Crisis”... Return to growth of ca 8-10% annually Poverty rates cut in half $3 trillion (US$) in foreign reserves 3-4x of $ value of economic output Emergence of China as global economic power

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6 Saudi Arabia9.48 Russia9.40 United States7.61 Iran3.98 China3.63 Mexico3.42 Norway3.22 Canada3.14 European Union3.12 Venezuela3.08 United Arab Emirates2.54 Nigeria2.45 Kuwait2.42 Iraq2.13 United Kingdom2.08 Libya1.72 Angola1.60 Brazil1.59 Algeria1.37 CIA World Factbook (https://www.cia.gov/cia/publications/factbook/rankorder/2173rank.html) Top Twenty Oil Producing Countries (million b/d)

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8 China’s Oil Balance

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13 BY THE NUMBERS: China-Africa Economic Integration $114 billion: Value of trade between China and Africa (2010) 43.5% Year-on-Year growth in two-way trade 45: Number of African countries China has signed bi-lateral trade agreements with $9.33 billion: Amount of Chinese direct investment in Africa (end of 2009) 5,000: Scholarships offered to African students by Chinese government $10 billion: Amount of preferential loans China has promised to African countries 1 million: Number of Chinese working in Africa (100,000 ten years ago) 500: Number of infrastructure project China has financed in Africa (end of 2009)

14 What Makes China an Attractive Partner? Lots of money Generous lender Speed of project implementation Willing to take on large infrastructure projects (West not interested in)

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16 Anaytical Frameworks: A New Great Game? A New Colonialism? Development Paths: Washington Consensus vs. the Beijing Consensus


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