Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Quantum AI Stocks Investing Priority - 26th Jan 22
Is Everyone Going To Be Right About This Stocks Bear Market?- 26th Jan 22
Stock Market Glass Half Empty or Half Full? - 26th Jan 22
Stock Market Quoted As Saying 'The Reports Of My Demise Are Greatly Exaggerated' - 26th Jan 22
The Synthetic Dividend Option To Generate Profits - 26th Jan 22
The Beginner's Guide to Credit Repair - 26th Jan 22
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

China Poses Serious Threat to U.S. Interests in Africa

Politics / GeoPolitics Aug 14, 2009 - 02:53 AM GMT

By: Pravda


US Secretary of State, Hillary Clinton, will complete her ten-day African tour on August 14, when she visits Cape Verde islands. Clinton previously visited Kenya, the South African Republic, Angola, The Democratic Republic of Congo, Nigeria and Liberia.

It is worthy of note that US President Obama visited another African state – Ghana – in July of this year. Obama visited Ghana a month after Russian President Dmitry Medvedev visited four African countries – Egypt, Namibia, Nigeria and Angola. China’s leader Hu Jintao toured Africa in the winter of this year too.

Why did Hillary Clinton embark on such a long tour of the Black Continent? Official spokespeople for the US State Department said in the beginning of August that Mrs. Clinton will visit Africa to demonstrate the intentions of the United States to strengthen ties with the African states and render assistance in the solution of vital problems.

The statement from the US State Department virtually reiterated Barack Obama’s remarks of January 2009. Hardly had he took office, when the new US President said that the United States would be following four goals in Africa – maintaining security, developing democracy, supporting market economy and assisting in the struggle against infectious diseases.

Most likely, it was merely a verbal statement only. The United States has its certain economic interests in each of the seven countries, which Mrs. Clinton visited during her tour. The USA is currently the world’s major consumer of the African oil, whereas Nigeria and Angola are large exporters of black oil on the world market. The Democratic Republic of Congo is rich with tantalum – the metal that is widely used in the electronic industry.

China is the second largest buyer of the African oil. The trade volume between China and the African states exceeded $100 billion in 2008. This number will obviously grow after Hu Jintao’s tour of Africa in February.

It just so happens that Africa has been turning into the battlefield for Washington and Beijing. China has been showing a lot of interest in the continent lately and intends to enter more of the African markets.

The US administration believes that China’s growing influence in Africa may lead to serious negative consequences for the United States. The Pentagon pays special attention to this issue. The department announced the establishment of a new military command, the Command for Africa, in October 2007. It officially became the tenth command department within the structure of the Pentagon.

The Command for Africa, or AFRICOM, marked the implementation of a new deterrence strategy to restrict China’s influence in Africa, although US officials never acknowledge that, of course.

Indeed, Beijing is capable of creating a number of problems for the US administration. It can seriously affect the US military plans in terms of anti-terrorist operations, since China’s allies may hinder the deployment of US troops on their territories.

As for politics, China’s growing influence in Africa increases the nation’s role in such institutions as the UN Security Council. Finally, the economic struggle between the USA and China for vital natural resources of the Black Continent may demonstrate Beijing’s predominance, which, unlike the West, does not have the historical burden of slavery and colonialism.

As a matter of fact, China began to penetrate into all branches of the African economy, The Financial Times wrote in July of 2008. The nation, the newspaper said, was sounding out opportunities to take key positions in various industries, such as oil and gas business, telecommunications, metal-working and energy.

Vladimir Anokhin

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in