(Prelims: Contemporary International Developments) |
Recently, China hosted the 9th edition of the Forum on China-Africa Cooperation Summit in Beijing.
About Forum on China–Africa Cooperation
- Introduction: Forum on China–Africa Cooperation (FOCAC) is an official forum between the People’s Republic of China and African states.
- Establishment: It was established on October 10, 2000.
- Member Countries: Currently 53 African countries (Swatini is not a member).
- Representation: Each African state represents itself in FOCAC and all activities are implemented bilaterally between China and African countries.
- Theme of 2024 Summit: ‘Joining hands to promote modernization and build a high-level Chinese-African community of destiny’
African countries' demands
- African leaders want quick financing solutions to the growing debt crisis on the African continent in the Beijing Action Plan of the Forum on China-Africa Cooperation for 2025-2027.
- Also, new job creation investment pledges proposed at the Dakar Summit in 2021 and China's assured purchase of $300 billion worth of African goods should be fulfilled.
China's influence in Africa
- China, the world's second-largest economy, is Africa's largest trading partner. It wants to exploit the continent's vast natural resources, such as copper, gold, lithium and rare earth minerals.
- For more than a decade, China has invested more than $120 billion in African infrastructure projects through its Belt and Road Initiative (BRI), funding hydropower plants, railways and roads across the continent.
- China has also provided billions of dollars in loans to African countries, helping to build much-needed infrastructure there. However, this has also led to controversy in some countries due to excessive debt burden on governments.