Trump By Ignoring Africa, US Cedes Would Be American Jobs To China: Creating A China first Policy

Truth Troubles: Why people hate the truths' of the real world

(THIS ARTICLE IS COURTESY OF FORBES)

By Ignoring Africa, US Cedes Jobs To China

Guest commentary curated by Forbes Opinion. Avik Roy, Opinion Editor.

GUEST POST WRITTEN BY

Grant Harris

Mr. Harris is CEO of Harris Africa Partners LLC and was senior director for Africa at the White House from 2011-2015.

It is old news that China has aggressive commercial ambitions in Africa, but fresh numbers reveal the depth of China’s success—and raise the stakes for U.S. dithering.

A recent Ernst & Young report shows that China more than doubled its foreign direct investment (FDI) projects in Africa in 2016, and that the value of these projects outweighs U.S. investments by a factor of 10. Moreover, China’s Commerce Ministry recently announced that China-Africa trade increased by 16.8% year-on-year in the first quarter of 2017. As…

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