By Dorothy-Grace Guerrero, Firoze Manji
China's international enlargement is far pointed out, yet often from the perspective of the West. This specific selection of essays written via students and activists from China and the worldwide South offers assorted perspectives at the demanding situations confronted by way of Africa, Latin the USA, and Asia due to China's upward thrust as an important international monetary energy. chinese language reduction, exchange, and investments—driven via the desires of its personal economy—present either threats and possibilities for the South, requiring a nuanced research that is going past simplistic caricatures of "good" and "evil." This ebook presents a clean point of view that specializes in the industrial, social, and environmental influence of China's enlargement. It represents the 1st try and identify a discussion among civil society in China and the worldwide South. individuals contain Walden Bello, Luk Tak Chuen, Shalmali Guttal, Yu Xiaogang, Ding Pin, Xu Weizhong, Dot Keet, Barry Sautman, Yan Hairong, Lucy Corkin, Ali Askouri, Yuza Maw Htoon, Khin Zaw Win, Alexandre de Freitas Barbosa, Fu Tao, and Peter Bosshard.
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Extra resources for China's New Role in Africa and the South: A Search for a New Perspective
17 The ADB plans to establish this niche by: • • Increasing its sectoral coverage in agriculture and rural development, energy conservation, environmental protection, urbanisation, social development, financial reforms, and regional cooperation. In other words, in whichever direction China expands, the ADB is willing to follow Reducing ‘transaction costs’ to the client and introducing innovative assistance products – which means that China will be allowed to bend whatever rules needed to keep it borrowing from the ADB; even the minimal social and environmental safeguards proposed by the ADB will not be applicable to China 29 China’s new role in Africa and the South • Expanding private sector operations, particularly in the infrastructure sector, through private–public partnerships – China’s geographic size and diversity, natural resources, population and increasing incomes offer huge revenue opportunities for the private sector, which the ADB hopes to attract by getting the Chinese government to sponsor projects through private–public partnerships.
11 Ibid. 12 W. Wallis (2007) ‘China to invest $5bn in Congo’, Financial Times, London, 19 September. 13 A. Hübschle (2007) China’s Whistle-Stop Tour of Africa. za/index. link_id=4057&slink_id=4055&link_type=12&slink_type=12&tmpl_id=3>. 14 W. option=com_content&do_pdf=1&id=1103> and p. 7 of this book. 15. By obtaining certified emission reductions (CERs) from projects in developing countries, developed countries can escape cutting down greenhouse gas emissions; CERs are usually generated through financing so called ‘sustainable development projects’ in developing countries.
Positioning itself and calling the shots In regional and global IFI platforms, China presents a strong ‘southern’ position, argues for greater South–South cooperation, challenges the hegemony of the industrialised North in providing aid, investment capital and technology, and defends the rights of developing countries to self-determination. 19 Although China certainly benefits greatly from the infrastructure it finances (such as roads, ports, bridges, factories and hydropower plants) by gaining 31 China’s new role in Africa and the South access to raw materials, energy, capital and trade markets, Chinese policy makers argue that China is using its growing wealth to create development opportunities for less well off developing countries and in the long term, is fostering peace, harmony and solidarity among developing countries.