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China's foreign investment reporting regulation, which took effect on Jan 1. [Photo/VCG]
China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken on Oct 16, 2020. [Photo/Agencies]
China's national anthem, March of the Volunteers, was composed in 1935 and named the national anthem in 1949.
China's non-financial outbound direct investment (ODI) to countries involved in the Belt and Road Initiative totaled .4 billion last year, 12 percent of the total ODI, up from 8.5 percent in 2016.
