The Economic Consequences of China-Africa Relations: Debunking Myths in the Debate

Journal of Chinese Economic and Business Studies 11(4), pp. 261-277 (2013).

30 Pages Posted: 9 Sep 2014 Last revised: 1 Apr 2015

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Gilbert Aminkeng

Centre Européen de Recherches Internationales & Stratégiques

Date Written: July 8, 2013

Abstract

This study dissects with great acuteness some of the big questions on China-Africa relations in order to debunk burgeoning myths surrounding the nexus. It reviews a wealth of recent literature and presents the debate in three schools of thought. No substantial empirical evidence is found to back-up sinister prophesies of coming catastrophe from critics of the direction of China-Africa relations. In the mean, the relationship from an economic standpoint is promising and encouraging but more needs to be done regarding multilateral relations, improvement of institutions and sustainability of resources management. A number of positive signs suggest that China is heading toward the direction which would provide openings for a multipolar dialogue. While benefiting in the short-run, African governments have the capacity to tailor this relationship and address some socio-economic matters arising that may negatively affect the nexus in the long-term. Policy implications are discussed.

Keywords: Foreign direct investment; direct trade impacts; China; Africa

JEL Classification: F19; F21; O10; O19; O55

Suggested Citation

Asongu, Simplice and Aminkeng, Gilbert, The Economic Consequences of China-Africa Relations: Debunking Myths in the Debate (July 8, 2013). Journal of Chinese Economic and Business Studies 11(4), pp. 261-277 (2013). . Available at SSRN: https://ssrn.com/abstract=2493358 or http://dx.doi.org/10.2139/ssrn.2493358

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Gilbert Aminkeng

Centre Européen de Recherches Internationales & Stratégiques ( email )

1 Defacqz Street
Brussels, 1000
United States

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