China is an excellent trading partner for African countries. A key factor in their favour is that they do not care about your politics, only about your natural resources.
China is a heavy consumer of most commodities today and has a voracious appetite. They are in acquisition/investment mode and can be seen in many African countries. But they are not beneficiating in most cases. As usual Africa is in such a hurry to simply take the money and run, that they are not looking to the future. The Chinese are acting in exactly the same way as the colonial powers did.
When will Africa wake up? The Chinese NEED the products. They will be very negotiable, if they are negotiated with. They will go a long way beyond simply buying the product in its raw state, IF THEY HAVE TO. Where else will they get it?
While I expect China to act in its own best interests, these are not in the best interests of Africa.It is time a compromise was reached by negotiation. All beneficiation is happening in China. They are creating jobs at home for their populace. They are adding the value and growing their GDP.
We must wake up before it is too late?!
Rob Smorfitt
To learn more about this author, visit Rob Smorfitt's Website.
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Rob Smorfitt
(Visit Rob's Website)
Based in Pietermaritzburg, South Africa.
Married with 3 children (22, 21 and 14).
Have an MBA and am currently doing a PhD
in entrepreneurial success. I have been
self employed since 1982. I have started
26 and bought 5 businesses since then.
Most were sold again and a few were shut
down because of a lack of profitability.
Many were run by staff or family while I
worked in full time employment in my
bigger businesses. 6 books written in SME
and Project Management educational field.
Written articles for various magazines,
newspapers and websites.
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