The US needs to reconsider its attitude to Chinese investment in Africa, the foreign ministry said here Wednesday after President Barack Obama claimed his country would be a better partner for Africa than China.
"We hope the United States, the largest developed country in the world, can play a greater role in supporting the development of African nations," Xinhua quoted ministry's spokeswoman Hua Chunying as saying and urging it to look at China's development and investment in Africa in an objective and rational manner.
Obama argued during the US-Africa Leaders Summit that his administration has a long-term interest in Africa's success and is not simply seeking to extract resources for its own purposes.
The spokeswoman said Chinese investment has played a positive role in Africa in improving social and economic development, strengthening self-development capacity, improving people's livelihood and eradicating poverty.
"China's African policy has always featured sincerity, friendship, equal treatment, mutual benefit and common development," Hua said. "This is the fundamental reason why China-Africa cooperation is welcomed by African countries and people."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
