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HANDSHAKE

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Member Since: 6/2007Last Seen: 11/25/2009

Africa: Hope, Concern Greet China's Growing Prominence

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While China's growing trade and investment flows to Africa have sparked a sometimes contentious debate with the United States and Europe over who has the continent's best interests at heart, a closer look at the dynamic developing reveals a political landscape where the rhetoric is rarely in line with the reality, observers say.

African exports to China grew 48 percent annually between 1999 and 2004, with 10 percent of all sub-Saharan exports now destined for the Asian behemoth. Likewise, as a whole, over the last five years Asian exports to Africa increased at an annual rate of 18 percent, higher than that of any other region, including the EU.

The seeming lack of conditionality to China's aid, such as the absence of any stipulation based on anti-corruption measures, as well as the speed with which it is dispersed have both proved attractive to African governments with varying degrees of accountability and respect for human rights.

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