The closest look yet at Chinese economic engagement in Africa McKinsey
created: 2023-01-04T19:00:47 (UTC -05:00)
tags: []
source: https://www.fpri.org/article/2022/01/chinese-economic-engagement-in-africa/
author: Carla D. Jones
Chinese Economic Engagement in Africa: Implications for U.S. Policy - Foreign Policy Research Institute¶
Excerpt¶
China may have missed the European Scramble for Africa that characterized the turn of the last century, but it has been making up for this since the 1950s.
The largest companies by value are State-owned enterprises that dominate in energy, transportation, and resource sectors. Indeed, since 2010, a third of Africa’s power grid and infrastructure has been financed and constructed by Chinese state-owned companies.
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