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The Impact of Chinese Investments in Africa: Neocolonialism or Cooperation?

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  • Marcus Vinicius de Freitas

Abstract

China is the largest developing country. Africa is the continent with the largest number of developing countries. The China-Africa economic relationship has developed rapidly over the last two decades. China has increased its investment in Africa over the last four decades. Flows surged from $75 million (2003) to $5 billion (2021). This has had both positive and negative impacts on Africa. Infrastructure improvement, job creation, and overall economic growth can be listed as positive results, leading to improved connectivity, trade, and transportation in a continent where infrastructure integration has always been challenging. Creating such opportunities in Africa has supported lower unemployment rates, particularly among young people, which is fundamental in a continent that enjoys a positive demographic bonus.

Suggested Citation

  • Marcus Vinicius de Freitas, 2023. "The Impact of Chinese Investments in Africa: Neocolonialism or Cooperation?," Research papers & Policy papers on Economic Trends and Policies 2331, Policy Center for the New South.
    • Handle: RePEc:ocp:rpaeco:pb_30-23
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