China to boost investment in Africa

China’s present military structure is rooted in Soviet-era ideals of military organization and has been a subject of much debated amongst the military leaders in Beijing. “On that score, New Delhi’s approach is worth to be learned by Beijing”, it had said.

From Dec. 2-5, Xi will pay his second state visit to South Africa and meet with President Jacob Zuma, as well as deliver a keynote speech at the Forum on China-Africa Cooperation.

Analysts are also asking if Western countries and companies will take this time to recover some of the business ground in Africa they had lost to Beijing in recent years.

“Most of Zimbabwe’s FDI comes from China after the Look East Policy, however, after recommendations from our One Stop Investment Centre Committee we are looking at ensuring that the investment terrain is smooth for all investors”, he said.

“What is particularly noteworthy is China’s commitment to helping Africa break the two development bottlenecks of underdeveloped infrastructure and lack of human resources”.

The decision to restructure the Chinese military was announced by Chinese President Xi Jinping during the September 2015 military parade.

He also said the share of China-Africa trade in Africa’s total foreign trade has increased from 3.8 percent to about 21 percent in 2014.

China pledged previous year to peak carbon output by “around 2030” – suggesting at least another decade of growing emissions. Africa is an emerging destination for investment from Chinese enterprises.

A “revolution” in command is a necessity for both military strength and China’s prosperity, Xi told more than 200 military leaders gathered at the reform meeting.

On Thursday, China announced it had signed a 10-year agreement with the African nation Djibouti to build a logistical military hub after successful negotiations with President Ismail Omar Guelleh. “Xi has not gone empty-handed in any country”.

The attack claimed the lives of three Chinese executives who were working for the state owned China Rail Construction Corp.

China is often criticized for releasing opaque or unreliable statistics about its economy.

“This will be a historic visit of the highest level, having the most significant influence on Sino-African relations and bringing about our most extensive cooperation”, said Chinese Vice Foreign Minister Zhang Ming at a press briefing.

“Large scale investment, especially in infrastructure and mining, is by its nature very lumpy”. We are likely to see the embarrassing spectacle of African leaders from more than 50 countries extending a collective begging bowl, as they do in other partnerships such as the European Union-Africa Summit, the US-Africa Summit, and the Tokyo International Conference on African Development.

However, Africa’s trade with China is not broad-based: Angola, the Republic of Congo, the Democratic Republic of Congo, Equatorial Guinea and SA account for 75% of sub-Saharan Africa’s exports to China, the bulk of which are commodities.