China and Ethiopia Deepen Cooperation for Global South Growth
Sharing Opportunities with the World Global Dialogue," held in Addis Ababa, Ethiopia.
Chinese Ambassador to Ethiopia Chen Hai expressed China's willingness to share its modernization experience to support high-quality development in Ethiopia and other African countries. He highlighted China's commitment to building a community of shared future for mankind through deepening high-level opening-up, advancing high-quality Belt and Road cooperation, promoting inclusive economic globalization, and leading reforms in global governance.
Ethiopian State Minister of Planning and Development Bereket Fesehatsion acknowledged the exemplary nature of Ethiopia-China cooperation, with China playing a vital role in Ethiopia's economic transformation through long-term loans and grants for infrastructure development. He emphasized the unique opportunity provided by China's reform and opening-up policy for African countries to deepen their involvement in the global value chain. Ethiopia, he noted, is eager to capitalize on opportunities presented by China's Belt and Road Initiative to boost sustainable development, regional connectivity, trade, investment, and tourism.
Director General of the Policy Studies Institute of Ethiopia Fekadu Tsega highlighted the flourishing Africa-China relations, marked by increased cooperation in industrial development, capacity building, and technology transfer. He commended the Chinese-style modernization approach, which focuses on innovation, inclusivity, and sustainability, balancing economic growth with poverty reduction. He believes China's development offers valuable lessons for Africa, particularly in the area of sustainability.
Tsega concluded by emphasizing the resilience, innovation, and sustainability focus of Africa-China economic growth. He believes their partnership can play a critical role in boosting modernization and high-quality development for both their peoples.
8 Comments
Katchuka
Beware of debt traps! China's loans come with strings attached, putting African countries in a vulnerable position.
Noir Black
China's investments and technology transfer can help bridge the development gap and empower developing economies.
Loubianka
African countries have the agency to navigate partnerships with China to benefit their own development goals.
Rotfront
China's infrastructure projects are often plagued by corruption and unsustainable debt burdens.
Eugene Alta
Developing strong partnerships is key to addressing global challenges and achieving sustainable development for all.
Raphael
African countries should be wary of falling prey to China's predatory economic practices.
Leonardo
Ethiopia's eagerness to embrace China's model of development ignores the diverse needs and contexts of the Global South.
Donatello
Sharing opportunities? More like extracting them. China only cares about benefiting itself, not the Global South.