The economic renaissance of China has transformed the Sub-Saharan Africa from economic stagnation to an emerging economy. This transition was mainly spurred by Chinese investments, loans, aids and reliefs in different aspects of economy. However, there is binary bipolar debate regarding the motives and methods of Chinese engagement in Africa and the outcomes that followed it. While one group sees this engagement as purely economical and mutually beneficial, the other group frowns upon this engagement and sees it as a mirage of development and progress. Agreeing with this concept of mirage, a substantial segment of this group sees this engagement as a new form of colonialism. They draw parallels between the motives and methods of former colonizers in this region with that of China. They devise arguments from the economic, political, cultural realities of Chinese engagement in Africa. However, as they don't fixate the focus neither on one colonial model nor on any specific geographic region, these studies fall short in focus, clarity and precision, undermining its depth and breadth. To fill this knowledge gap, the present study has fixated the geographical focus on Sub-Saharan Africa and colonial focus on former British colonizers to provide a more focused and nuanced understanding of the complexities surrounding China's engagement in Africa and its implications for regional dynamics. This is achieved by critically exploring the economic footprints of China and former British colonizers in Sub-Saharan Africa and drawing similarities and differences among these two in terms of their motives, methods and outcomes. As such, this research not only provides a focused perspective that is lost in broader studies, but also provides a nuanced understanding that is important for policymakers, scholars, and stakeholders in making informed decisions.
Keyword: China in Africa, Sub-Saharan Africa, British Colonialism, Colonialism, Neo-colonialism, Financial Inflow, China, Britain, economic renaissance, Chinese investments, Sino optimism, Sino pessimism
Reference
Okafor, C., Fatema, B. and Okafor, T., 2024. Is China the new Britain in Sub-Saharan Africa? Exploring the purpose of financial inflow to Sub-Saharan African countries from a neo-colonial lens. BAM2024 Conference, Nottingham Trent University. ISBN 978-9-9956413-7-2.
Available at SSRN: https://ssrn.com/abstract=4950698 or http://dx.doi.org/10.2139/ssrn.4950698