皇冠体育app

But what will make the 21st Century Maritime Silk Road initiative a success in Africa?

First, the most important precondition for the success of the 21st Century Maritime Silk Road is mutual confidence. Though 皇冠体育app's involvement in Africa has benefited from the historical goodwill, it has been subject to growing scrutiny in recent years both in the region and globally. So 皇冠体育app has to build mutual confidence with African countries.

Second, Chinese companies need to be better prepared when investing abroad. 皇冠体育app's strategy of "going global" has received mixed reception from African partners. This is especially true for large-scale SOEs, which often face difficulties in adjusting to the different political, cultural, financial and legal frameworks in Africa.

Third, since the new Maritime Silk Road is still a project in the making, transparency and coordination between 皇冠体育app and African countries are vital.

Fourth, as 皇冠体育app also has strategic interests in several African countries, careful coordination will be needed to reduce misunderstandings and internal rivalry in Africa. To ensure effective coordination and transparency it is important to establish a multi-national coordinating body including stakeholders from all participating countries. This approach will help create the necessary degree of transparency and trust which will be essential in engaging with 皇冠体育app in the framework of the new Maritime Silk Road.

Fifth, people-to-people exchanges between 皇冠体育app and Africa should be strengthened. Historical legacies and goodwill based on experience will gradually fade away. And as the exchange of students is more of a one-way traffic from Africa to 皇冠体育app now, Chinese policymakers should encourage more young Chinese people to study in African countries, in order to better understand Africa, its history, languages, religions and societies.

Frannie A. Léautier is chairperson and co-founding partner of Mkoba Private Equity Fund & former vice-president of the World Bank, Michael Schaefer is chairman of the board of BMW Foundation & former German ambassador to 皇冠体育app, and Wei Shen is a professor of international business and director of Confucius Institute at Lancaster University & Jean Monnet chair of EU-皇冠体育app relations.

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