Despite growing skepticism from the West as to
China's intentions in the continent, its approach to Africa has been markedly
different from that of its western counterparts -- past and present.
Indeed, many feel that, with the help of China,
Africa can enter a new era of cooperative development and finally break from
decades of exploitation.
"China and Africa have a lot in common," Xu said.
Indeed, they are both destinations of foreign waste, and victims of an unfair
international trade system. Africa in particular is often at the wrong end of
the bargain when it comes to international trade, frequently being exploited by
large multinational companies that drive commodity prices down with their
immense buying power. China too feels the squeeze on prices, with the majority
of profits from its rapidly-growing exports being enjoyed by Western
multinationals.
"The present system is created and led by developed
countries, in which they have gained the most of the interests. As China is now
merging into the global community, this system is being well followed," said Xu.
"It is ridiculous that the one who gains more blames the one who gains less."
The hegemony of large Western multinational companies
on the global economy is even felt within the World Trade Organization (WTO). In
the still-unsuccessful Doha Round WTO negotiations, developed countries on the
one hand refused to make concessions on agricultural subsidies, but on the other
hand asked for developing countries to open up their weak service sector to
foreign investment.
As Xu remarked, "For African nations, the best way to
tackle the defects in the Western-led international trade system is to do more
practical things and empower themselves instead of sitting still and blaming
others." After all, whose oil is it anyway?
By Ren Ke
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