Asymmetric Trade
Trade between China and Africa was worth more than $200 billion last year, 20 times what it was in 2000. Many Africans say that China is a better partner than Europe or the U.S. However, China’s extraction of billions of dollars in African resources, which are used to make the manufactured goods that are then sold back to Africans at a marked-up price, is the essence of European colonialism. This results in the same outcome where the value and money from the natural resources go to the West and East Asia rather than Africa, further causing poverty on the continent.
