Chinese business school CKGSB and Spanish institution IE University publish data-based study showcasing China's financial impact on Africa's economy.
New Report Reveals Striking Regional Differences in Perceptions of China's Economic Influence in Africa
A new report titled 'China's Economic Influence in Africa: A Data-Driven Analysis' has been launched by the Cheung Kong Graduate School of Business, IE China Observatory, and IE Africa Program. The study, led by Bin Ma and Stone Shi, examines China's influence in Africa from the perspective of African citizens, using data from Afrobarometer.
The report reveals striking regional differences in perceptions of Chinese loans, debt, infrastructure investment, and economic assistance across 27 African countries from 2016 to 2023. Countries such as Kenya, Mauritius, and Nigeria have seen China's influence expand rapidly, while China's perceived influence has weakened in South Africa, Cameroon, and Tunisia.
Kenyan respondents showed the highest awareness of Chinese loans. Public awareness of China's financial presence is stronger in Eastern and Western African countries compared to Northern countries. Respondents viewed Chinese loans as having fewer conditions than those from other international lenders.
The report identifies factors that influence positive perceptions on China across African countries. Investments in business and infrastructure and the affordability of Chinese products contributed heavily to China's positive image, while diplomatic support had a smaller impact.
CKGSB Dean Li Haitao emphasized the importance for Chinese businesses to adopt strategies that combine global vision with local adaptation. Enrico Letta, Dean of the IE School of Politics, Economics and Global Affairs, added that the report offers a valuable foundation for strengthening EU-Africa relations.
Jose Felix Valdivieso, Chairman of the IE China Observatory, stated that China has reinterpreted soft power to include economic tools such as infrastructure investment, trade, and development finance. The affordability of Chinese products and investments in infrastructure have been key factors in shaping positive perceptions of China in many African countries.
The report can be read online for those interested in understanding China's economic influence in Africa from a data-driven perspective. The findings offer valuable insights for policymakers, businesses, and researchers seeking to navigate the complex landscape of China-Africa relations.
