🔴 "End Hegemonism": 2024 China-Africa Summit Kicks Off, Counters Neocolonialism and Hegemony
hello everyone welcome back thank you for being here as countries of the global South continue to seek economic and political decolonization from America and Europe it is truly incredible to see new venues open between previously unlikely Partners this week the Forum of China Africa Corporation Summit began or folac this Summit should be on the r of those of you who follow news related to Bricks plus because in many ways the underlying idea of weakening the grip of the West on the developing on the emerging economies that idea is one of the main drivers here as well what we see now is a trend towards multilateralism recently turkey applied to join bricks something that would have been absolutely unimaginable just two to three years ago turkey is a NATO country of course and this is an excellent example of multiple pop it in how countries of diverse cultural political social and historic backgrounds are actively seeking ways to avoid confrontation and to find mutual benefits in these new relations folk is the biggest major diplomatic event to be hosted by China in years at least 50 African heads of state and government officials will visit Beijing and it will last 3 days the China Africa corpor operation Forum has become the most important event on the African international relations agenda interestingly enough more African leaders attend these Summits than the United Nations General Assembly what's interesting is that nearly all African countries are in attendance this week in Beijing with only one exception and that exception is eswatini a small state that maintains diplomatic relations with Taiwan China has also been the Region's biggest trading partner for the past 15 years so the Summit is indeed a logical step forward what is the main item on the summit's agenda well it will not disappoint you countering surging hegemonism is one of the key focal points the summit will be attended by dozens of African leaders during a major diplomatic event in Beijing as sides gather to strengthen ties with Africa does present immense strategic role for both China and the United States and it is highly highly unlikely that either side will abandon it China's special representative for African Affairs said on September the 3D during the summit kickoff in the face of surging hij jaminis and Cold War mentality China and Africa will work more closely together in great solidarity to deepen our cooperation we stronger support on issues concerning our core interests and major concerns and work side by side to safeguard the shared interests of all developing countries in Western media especially here in the United States the most common response to China increasing its foreign direct investments in countries of the African continent that is perceived to be a direct threat because based on foreign policy experts here in it is perceived as a direct threat to the United States and European ability to control African countries and to counter other Regional actors yet we often completely dismiss the most important question what is in the best interest of African countries how can we the developed World help them improve their living standards help them gain access to timely and Essential Medical Care but instead we don't think about those questions we are laser focused on their natural resources and how we can get more of them and preferably for free since the Middle Ages Western Colonial regimes viewed Africa as a gold mine due to its vast natural resources of course and its lack of political alignment to unite against foreign actors so Europeans extracted natural resources at nominal price points of course then they shipped those resources to Europe they use them to manufacture more expensive items and then they actually sold those items back sold those finished goods back to African countries at much higher prices as well as to the rest of the world colonialism is a one-way relationship the extraction of resources and human capital continued but there were no reinvestments back into African ter territories and such exploitation resulted in extreme poverty in extreme insecurity inequality and lack of development for centuries there are many critics here in the west who are against China's foreign direct Investments and other economic expansion projects in Africa as well as in countries of Latin America by the way one of the main criticism is that all of the equipment all of the personnel and Technical expert s come from China and of course that might be a valid point and I think it is that could be something to improve going forward but it does appear that there is a lot to gain for Africa from expanding its ties with China for one can we really blame those seeking to break free to part ways with neoc Colonial dependencies of course we can't and that is precisely what they're trying to do here for example if we take a look at foreign exchange rates of various African currencies compared to the US dollar we will see that is a complete Nightmare and that's the way it's been not surprisingly African countries are quite desperate for remedy to their severe foreign exchange pressure they need an alternative to the United States dollar right now most transactions between China and African countries are conducted in US Dollars it is possible that during this Summit they will discuss possibly agree to expand the use of the Yuan I think it is reasonable to expect that yet of course that will become another step towards dollarization so with that in mind Forum of China Africa cooperation Summit is a very important event and I would argue that it is in the best interest of both sides as long as of course through its ties with China Africa finds ways finds effective ways to improve its industrialization to boost its industrialization so that it can export not just raw materials but also finished goods and as long as it gains technology and trained personnel and gains access to International markets this will be a very beneficial step in the right direction for Africa however if it continues to fall into its old habits such as only exporting raw materials and buying expensive finished goods finished items then of course any progress would be likely absolutely negligible Economic Development will help African countries to counter major security risks that exist on the continent as we all know and um those risks are in many cases funded by external parties so the summit will hopefully provide the foundation for a positive and meaningful change that transcends economic growth and that really truly changes the way that their economies function in Africa and also solidifies new relations and new trade ties with China and other regions of the world although of course in many ways it will be an uphill battle China and South Africa have already by the way called for a greater representation of developing countries in the United Security Council uh citing the legitimate aspirations of emerging and developing countries to play a greater role in international Affairs due to the fact that both China and Africa belong to the global South I know many of us prefer to say the global majority due to that fact and that fact alone helps establish more of a natural type of a partnership Alliance Association however you prefer to call it quite more natural than the United States Africa relations if it ever were to exist thank you for watching I appreciate your time I hope that this video was interesting remember to like subscribe and share and I will see you back here tomorrow enjoy the rest of
