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China's Economic Cooperation with Africa

Author

Listed:
  • Giorgio Giovannetti

    () (University of Firenze, Italy and European University Institute)

  • Marco Sanfi lippo

    () (European University Institute, Robert Schuman Centre)

Abstract

China, still considered itself a developing country, is becoming an increasingly important 'new' donor for many African countries. Its own model of foreign assistance, providing aid in the form of economic cooperation based on the achievement of mutual economic benefits and on the principle of noninterference in internal political questions of the host countries, has allowed a diffuse and rapid penetration. Furthermore, China has gained considerable room and influence in countries where traditional donors have reduced their commitments or have disengaged. After reviewing the major features of Chinese aid to Africa, focusing on economic cooperation projects, the paper empirically assesses the importance of Chinese aid activities, rapidly becoming the major source of external finance for a number of politically weak and fragile African countries.

Suggested Citation

  • Giorgio Giovannetti & Marco Sanfi lippo, 2011. "China's Economic Cooperation with Africa," Journal of African Development, African Finance and Economic Association, vol. 13(2), pages 143-175.
  • Handle: RePEc:afe:journl:v:13:y:2011:i:2:p:143-175
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    Cited by:

    1. Strange, Austin M. & Parks , Bradley & Tierney, Michael J. & Fuchs, Andreas & Dreher , Axel, 2014. "Tracking Under-Reported Financial Flows: China’s Development Finance and the Aid-Conflict Nexus Revisited," Working Papers 0553, University of Heidelberg, Department of Economics.

    More about this item

    Keywords

    Africa; China; Foreign aid;

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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