US, Europe unlikely to dislodge China from Africa

China will deepen its ties with Africa over the next decade by focusing on trade and is unlikely to be dislodged by US and European Union attempts to re-engage with the continent.
According to the Economist Intelligence Unit
(EIU) , the giant is likely to keep investing in Africa’s natural
resources and may look to the continent as a source of food, boosting its
expenditure on agriculture. Asia may see Africa’s youthful population as a
source of labor for its manufacturing companies and as a market for its
consumer goods.
The EIU report released Thursday noted that China plans to surpass the EU as Africa’s biggest
trade partner by 2030, and while western powers are trying to boost relations
with the continent, they will struggle to catch up, the EIU said. Their
relations with the continent are complicated by Europe’s colonial history with
Africa and distrust of their intentions due to erratic engagement over the last
few decades.
"Question marks are
also being raised in Africa over the motives behind the re-engagement of the EU
and US," the EIU said. These "raise memories of past failed
commitments and are viewed merely as a desire to counter Chinese influence
rather than work with African business partners," the research organization
said.
China has held annual meetings with African heads of state and
that is now being emulated by its geopolitical rivals, while Russia, Turkey,
Brazil and Saudi Arabia are also trying to build relations with the continent.
The EU and African Union held a summit in February, and US
President Joe Biden has called for a meeting with African leaders in
December.
These "to an extent will help to counter, but not dislodge,
Chinese influence across the continent," the EIU said.
China has spent two decades cultivating its political and
economic relations with Africa and stronger ties could now benefit its economy
even as slowing growth may restrain investment in the continent.
Food security
"Food security issues and enormous food import requirements
in China could drive large trade and investment flows in African agricultural
products and production," the EIU said. "Africa has an
enormous, young and low-cost pool of labour that presents a potential outlet
for China’s labour-intensive manufacturing sector - something that will become
increasingly attractive as China’s labour force grows older and becomes costlier."
Ties are already significant.
Bilateral trade between China and Africa rose 35% in 2021 from
the year earlier to $254 billion, with African exports hitting a record $106
billion, the EIU said, citing Chinese government statistics. Nigeria is
Africa’s biggest importer from China while South Africa is the biggest
exporter.
“Afro-Chinese relations are clearly moving into a new phase,” Pat Thaker, the EIU’s editorial director for the Middle East and Africa, said in a statement. "Latest policy initiatives, development strategies and financial pledges point to a deeper and broader engagement."