News24

US 'not threatened' by China - Obama

2013-06-29 20:30

Pretoria - The US does not feel threatened by the growth of trade and investment in Africa by China and other emerging powers, US President Barack Obama said on Saturday.

"I don't feel threatened by it. I feel it's a good thing," Obama told a news conference during a visit to South Africa.

He said the more countries invested in Africa the more the world's least developed continent could be integrated into the global economy.

"I want everybody playing in Africa. The more the merrier," Obama said.

Obama is embarked on an eight-day trip through Africa to promote trade and business ties between the US and the continent.

However, he has had to defend his administration against charges it has lagged its predecessors in the level of engagement with Africa, leaving countries like China to reap the economic benefits of a more aggressive approach.

The president's aides have argued that Obama has had two wars and a deep economic crisis to deal with since he took office in 2009.

Obama has also said that US interactions with Africa have included goals of social and political development, unlike those of China, which he said were more narrowly focused on commercial benefits.

"A lot of people are pleased that China is involved in Africa," he told reporters travelling with him on Friday.

"On the other hand, they recognise that China's primary interest is being able to obtain access for natural resources in Africa to feed the manufacturers in export-driven policies of the Chinese economy."

That relationship makes Africa an exporter of raw materials but does not create jobs in Africa and is not a sustainable model over the long-term, he added.

China surpassed the US as Africa's largest trading partner in 2009, a US government report released in February said.

Comments
  • JackRussel - 2013-06-29 20:44

    Clearly. While China went from 14 the place in the world GDP to 2nd in 13 years and no they don't have $18 trillion dollars in debt, they are not a threat to becoming the worlds largest economy. Give the man another Nobel.

      yaya188 - 2013-06-30 07:52

      China is the largest manufacturer of American goods in the world!! Clothing, household goods etc.,err their labour is the cheapest.... In addition, their stash of gold outstrips any country anywhere. They have so much money, that if they wanted to, they could fund many nations. Obama keeps on their good side. He and his cabinet tried to stop the sale of 'certain items' recently, as it would upset the dollar. These 'items' are worth gazillions!! The Rothchilds stepped in and kinda told him to mind his own business. They are, afterall, the wealthiest family in the world.

  • Kobus Hattingh - 2013-06-29 20:51

    Not threatened by China? ROFL. Off course you are!

  • Jomo Kgomo - 2013-06-29 21:06

    US 'not threatened' by China - Obama - hard to believe.

      Sterling Ferguson - 2013-06-30 07:05

      China isn't a threat to the US because a large number of the companies are American companies in that country. The US companies are holding two trillion dollars overseas, and most of it is in China, and they will not bring it back to the states for the taxes reason. The China threat was created by some African leaders to make people think that China and the US were going to fight over them. China has her own problems, she doesn't produce enough food and doesn't have enough resources for her industries.

  • Dane Herbst - 2013-06-29 21:14

    war criminal

      Payricia Bull - 2013-06-29 23:52

      @daneherbst : And what is your contribution to world peace Mr Hysterical Delerious Fanatical Know-it-all ? ......... Duh ?

  • Patrick Erni - 2013-06-29 22:43

    It's like reading a comic strip in the morning, while eating breakfast before going to work. Peanuts comes to mind! Seriously who writes these articles? They have zero clue on world affairs, political games or anything remotely related to African welfare. America are worried what the Chinese are doing in Africa and how big their foothold is. Do yourself a favour and research Botswana... ....!!!!!!! USA need RSA for the,,, it's starts with a G

      yaya188 - 2013-06-30 08:44

      Oh yes I agreee. They have ALL the contracts to build roads etc. They use local labour, and their money, untaxed is out of the country in a blink!

  • Payricia Bull - 2013-06-29 23:42

    Well its clear that SA is clearly threatened by China with its substandard mass-produced goods and cheap imitations that deprive us of jobs with the blessing of the ANC fatcats.

  • Phil Matsinhe - 2013-06-30 05:05

    Chinas economy its bloming, war its costing yo economy

  • Phil Matsinhe - 2013-06-30 05:05

    Chinas economy its bloming, war its costing yo economy

  • Errol Rudman - 2013-06-30 08:23

    There is nothing good that can come from American investment in Africa. American foreign policy relies on exploiting week foreign countries for their own benefit! It's time for Africa to stand on its own. Corrupt African leaders are allowing Africa's riches to flow out of Africa to the detriment of the poor! Africa has a lot to offer. Wake up and realize that Obama is here to plunder and not to help. Their interest lies with our resources that's scarce on their own continent.

  • Rob Martin - 2013-06-30 08:31

    US is Chinas biggest trade partner no doubt.

      yaya188 - 2013-06-30 08:45

      Has been for years.

  • pages:
  • 1