The battle for political and economic influence between the U.S. and China is playing out across Africa, and Beijing's growing presence is troubling Western policymakers, experts say.
The total value of Chinese investments and construction in Africa is closing in on $2 trillion since 2005, according to the American Enterprise Institute China Global Investment Tracker.
A number of factors have gone into this decline, including the expansion of U.S. shale, limited product diversification and anemic African growth, according to Judd Devermont, director of the Africa Program at the Center for Strategic and International Studies. "The United States, however, needs to do more to convince U.S. companies that remain squeamish, skeptical, or uninformed about investing in the region," Devermont added.
"There is also a risk that Chinese financing and projects will prevent other foreign firms from competing on subsequent commercial opportunities, essentially imposing a straitjacket on African governments to deal only with Chinese entities," Devermont added.highlighted instances of racism at Chinese companies operating in Kenya.
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