China and Africa recently proclaimed a new mutually beneficial, political, and regional alliance. While China seeks sources for raw material and energy in order to support its feverish industrial and economic growth, African leaders are looking to work together with the Chinese to provide Africa with key structural infrastructure. However, some major projects were put to halt as CIF funds disappeared and it is unclear where the money went. As the price of raw material fell, the negotiating position of African countries have weakened with profits intended to repay Chinese loans are collapsing. This has caused tension to increase as China is worried about the risk. With the growth in Chinese demands for commodities slowing down and the prices of many raw materials falling; China’s hunger for agricultural goods may grow as China’s population expands and the middle class becomes richer. Will both economies move forward in partnership?
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