American companies and Chinese Belt and Road in Africa
- Yun Sun
The United States and China have different philosophies towards supporting Africa's infrastructure development. China adopts a more state-led approach, spearheaded by state-owned enterprises and policy banks. The US is more willing to let private companies and the market take the lead on commercial development, while the US government itself puts more emphasis on the continent’s capacity building and governance challenges. But can the two countries join forces and cooperate to advance Africa's development?
- Publication date
Categories: Infrastructure Financing, Energy, Transport