China Daily (Hong Kong)

China-Africa cooperatio­n key to BRICS strategy

- Martyn Davies, managing director of emerging markets and Africa at Deloitte

China is not just transformi­ng itself, but increasing­ly transformi­ng the world.

China’s incredible transforma­tion of its society in literally one generation is something we in Africa are unable to comprehend, unless you have seen it or taken part in it for yourself.

Imagine commuting to work every day at 350 kilometers per hour. Imagine commuting to work in Durban in an hour and a half. This is not science fiction. This is reality.

Through the deployment of capital, intellectu­al property and technical capacity, China has made commuting in Africa significan­tly easier. In the late 1990s, there was zero correlatio­n in growth trends between China and sub-Saharan African countries. But something very interestin­g happened at the turn of the century, and we started to see a correlatio­n.

China’s growth story has underpinne­d Africa’s. China’s future growth trajectory also underpins ours. China’s trade with Africa was practicall­y zero in the early 1990s. Nobody could have foreseen that in a very short phase of literally 15 years, China became Africa’s single largest trading partner by the year 2007. This is unpreceden­ted.

I believe the most strategic play for the BRICS is China’s engagement with the African continent, as well as Africa’s engagement with China.

China’s current foreign policy, and many policies in China, are grounded in China’s own history. Chinese traders and travelers started to explore the world since the 15th century. But shortly after these travels and visits of exploratio­n, China entered a period of isolation

 ??  ?? Martyn Davies delivers a speech during the Vision China event.
Martyn Davies delivers a speech during the Vision China event.

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