A Chinese language growth skilled, Dr. Zhou Taidong, has rejected claims that China makes use of loans and assist to lure poor international locations, saying China’s cooperation with African international locations relies on mutual profit and South-South cooperation.
Dr. Zhou, who’s the Deputy Director of the China Worldwide Improvement Middle, talking to the New Daybreak in Beijing briefly after his presentation on “The World Improvement Initiative-Turning Poly-crisis into Poly-opportunities, on Sunday, July 12, mentioned the notion that China deliberately offers loans to grab property in growing international locations doesn’t mirror the aim of China-Africa cooperation.
He mentioned China’s assist to African international locations is meant to advertise growth, strengthen partnerships and create shared advantages.
“China’s assist and loans to African international locations are primarily based on South-South cooperation, so there are mutual advantages,” he mentioned. “I don’t assume they’re loans deliberately designed to seize property within the area.”
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He mentioned African international locations and their companions ought to focus extra on feasibility research, due diligence, challenge sustainability and the power of recipient international locations to function and keep growth tasks.
He mentioned these points are important to making sure that tasks financed by means of worldwide cooperation stay helpful and sustainable after implementation.
In line with him, higher planning and stronger native capability are wanted to assist African international locations make full use of growth help and keep away from poorly managed tasks.
Dr. Zhou additionally mentioned China’s coaching and alternate applications for African leaders, journalists and professionals have helped broaden understanding of China-Africa cooperation over time.
He mentioned perceptions have steadily modified, with extra African members now asking sensible questions on how China’s growth expertise pertains to their very own nationwide growth challenges.