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API-Africa

Paper Prepared for the 2nd Hongqiao International Economic Forum on: ‘China’s 70 Year-Development and the Building of a Community with a Shared Future for Mankind,”

Paper Prepared for the 2nd Hongqiao International Economic Forum on: ‘China’s 70 Year-Development and the Building of a Community with a Shared Future for Mankind,” Shanghai, China, November 5-6, 2019. The Second China International Import Expo reveals China as the “world’s factory” contributing more than 30 percent to the global economy and projected to have 24 percent of the global GDP by 2030. 70 years on, China is forging “a community of a shared destiny with Africa” and spreading the benefits of its development path. As a result, it is able to ride on nationalism and Pan-Africanism to establish relations with African states and regional institutions. Perhaps, this signifies a ripe moment for the two civilizations to work together to push for a better governed, equitable and just new world order within the existing frameworks of multilateral institutions and forums.

On September 21, 1949, Communist Party Chairman Mao Zedong proclaimed the birth of modern China. Seventy years on, China has risen from extreme poverty and closed system to the world’s second largest economy and the de facto leader of globalization. “Economic globalization represents the trend of history”, President Xi Jinping declared during the opening of the Second China International Import Expo in Shanghai on November 5, 2019.

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