Beijing is hosting a China-Africa summit this week and many poster boards
have been erected along the city's major roads announcing the
importance of Sino-African relations. The significance of the once seemingly
distant continent to China is yet to be fully appreciated by many people here.
And the best rewards China can hopefully gain from Africa are nothing material.
Of course, material-wise, China's benefit from Africa is indisputable rich.
According to officials from the Chinese Ministry of Commerce, China-African
trade is expected to exceed US$50 billion this year, boosted, in part, by the
most-favoured-nation trade status that China and 41 African countries provide to
each other.
Five years ago, by comparison, China's trade with Africa was still US$10
billion. In trade volume, Africa's importance for China increased five times in
five years, faster than any other region's increase in the world.
Viewed in conjunction with the upcoming fifth anniversary of China's
accession to the World Trade Organization (WTO) and the completion of membership
compliance, this is only the beginning. China's trade is on a rapid rise with
all continents in the world and the trend is showing no signs of abating.
Although many Chinese doubted its fruition five years ago, when Beijing
mustered courage to pursue China's WTO membership, it is now clear the country
has benefited enormously from joining it and becoming a more active participant
in the global market.
Some 20 years ago, China's weight was only marginal in global trade. In only
five years, China has advanced by leaps and bounds.
Many other countries in the developing world can also achieve similar
results. Equally rapid changes would occur in their economies if they could
better accommodate the global market system, and embark on social programmes at
the same time.
China can do more for its African partners than just buying more goods and
services.
It can try to involve more of these countries into free trade relations,
whether with China's neighbours in East Asia and Southeast Asia, or with other
big emerging market countries, such as India and Brazil, and even developed
countries.
Learning to be a co-manager of the global trade relations will create an
increasing sense of certainty for traders in all countries. Such a favourable
global business environment will bring healthy returns to China.
One of the most important ways China can help African countries is assisting
in the development programmes. China has plenty of hard-working skilled farmers
with various cash crops and managers of small labour-intensive factories.
Such human resources are still not expensive compared to those provided by
NGOs and aid organizations from the developed countries, although these
Western-based groups may have greater financial expertise and local knowledge.
It would be rewarding if China played a bigger role in Africa's economic and
social programmes through multi-lateral efforts with local governments and
international organizations.
Recruiting volunteer university graduates to go to Africa with experienced
farmers and small factory managers can generate good returns both ways.
In many parts of China, especially in its poor regions, there are a glaring
lack of social programmes, adequate leaders and organizers.
Young Chinese intellectuals toughened by experience of working in
international programmes can serve as managers of similar programmes when they
come home.