As China moves into high tech manufacturing and moving mid-tech industries into South Asian countries like Sri Lanka and Bangladesh, Africa will benefit with the moving in of lower tech industries like textiles, toys and some consumer products. These are the goods needed by them than making iPhones or high-end gaming gadgets, which is not Africa's priority at the moment.
This was how China rose up from its humble beginnings. China went from textiles and toys in the beginning, industries that the West discarded, learn from them, innovate to improve, build up its education system to cater to those industries it wants to go into and persevere. China cannot just be resting on its laurels or be overtaken, thinking it can remain so without making any effort to improve and compete. Countries develop faster today than in the past, where it took a century to progress to where they are now, but China managed to cut the timeline of development to a couple of decades.
With AI at its core, the future development will be hard to imagine.
Anonymous
2 comments:
China has moved into high-tech manufacturing which is competing very well with the USA, EU, Japan and South Korea. The USA was already rattled by DeepSeek in AI, unable to compete against Chinese EVs, shipbuilding and infrastructures like high-speed rails and not to talk about manufacturing. The trickle-down effect is a bonus for other South Asian countries, particularly Africa.
Trump gloated that the world has to keep up using the US$ forever. Trump seems to have already forgotten his demonization of the de-dollarization agenda of BRICS countries and contradicting his earlier stand, knowing earlier that de-dollarization is posing a great threat to the US$ hegemony.
BRICS countries are already conducting trade outside the US$, so just spinning the continued dominance of the US$ in world trade in time to come is a bit too far-fetched. Countries are already dumping US bonds and assets in the face of those tariffs and needing to hold less US$ for trade going forward. As trade within BRICS can already be conducted in each country's local currency, what does the future hold for the US$ in the context of BRICS countries, with the exception of India.
China's humble beginning was moving from just being cooks and laundrymen and being looked down upon, to making textiles and toys. That did not raise its standing though, playing second or third fiddle to USA and Japan. But China swallowed its pride, patiently and stoutly and eventually rose to prominence. The rest is history.
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