L8 - Hungry Dragon Flashcards
How much has China’s trade grown since 2000?
400%
How has Africa changed due to billion pound deals with China?
Africa has been transformed with roads, bridges, railways, shopping malls, casino, golf courses, schools and hospitals.
Where is China ranked as a trading partner to Africa?
China is Africa’s 3rd largest trading partner (behind USA and France)
What are two major issues of trading with China?
China has flooded the market with cheap goods (therefore destroying local industries).
China also engages in rogue regimes that support human rights abuse.
How much credit is The World Bank loaning Angola and for what purpose?
$1 billion is being loaned to Angola to rebuild infrastructure
What is the cost of finance products since 2000 in Angola
$465 million
How do local companies in Angola suffer because of Chinese investment?
Local companies can’t compete.
What does China want from Angola
China needs raw materials from Africa - prices increase of materials,
How is poverty treated?
Poverty is ignored; Western companies expect a change but China just provide money.
How do Africa gain?
China has already written off Africa’s debt.
How is the reality of trading with China different to what is usually wanted?
Good governance, human rights, economic growth etc is what is usually desired when trading but in reality people don’t have food to eat or cloths to wear.
How many teachers and doctors have gone from China to Africa?
African countries are bartering.
600 teachers and 1500 doctors sent to Africa.
What are Chinese owned companies building in Africa?
(650 companies) Supreme Court of Nigeria, Nigeria's first satellite, State building in Uganda Amongst many other things
What concerns are raised about Chinese manufacturing in Angola?
New Chinese products are low quality.
Is everyone happy with Chinese involvement?
Protests/ riots have been made e.g.- Zambia; when a anti-Chinese opposition politician lost an election.
