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At economic crossroads, Africa should consider going the Chinese way
By Francis Semwaza
2019-03-28 03:29

African countries are given yet another learning opportunity on how to improve their societies in the short and long terms through the enduring themes of commitment to serving the public as well as effective strategies and plans to accommodate the needs of the people they serve.

Two political and development gatherings charting out China's way forward for 2019-2020 commonly targeting at further improving the lives of the Chinese people, especially those living in rural areas, provide exactly those lessons that Africa should and could embrace.

The annual sessions of the National People's Congress (NPC), China's legislature, and the Chinese People's Political Consultative Conference (CPPCC), currently convening in Beijing, represent the efforts by the Asian power to sufficiently provide for its people now and in the future.

Despite the level of development it has reached in about 40 years today making it be the 'talk of the town' among the many global societies and circles, the one lesson that China provides is to never relent even after making significant socioeconomic progress.

For China's decision making bodies, the motto seems to always insist on making a 'better tomorrow' than getting stuck at today's comfort.

Since the founding of the country in 1949 until today, the words and deeds of the Chinese leadership confirm and conform, and are a culmination of the efforts of Chairman Mao Zedong, Premier Zhou Enlai and many other great leaders of bringing the Chinese people together for a united and prosperous society.

This commitment has been restated by the State Councilor and Foreign Minister, Wang Yi, during his recent press conference where he insisted on the non-stop efforts to reform, unite the people and crafting a well thought out diplomacy with foreign countries.

In practically sustaining the legacy of these great leaders today, Premier Li Keqiang laid bare a plan to create more employment opportunities for the Chinese people through increased investment and lowering of taxes on investments and individual consumers.

Economically, the lowered taxes have a greater multiplier effect as it implies lower prices of goods and services needed by the people as well as more jobs. On the part of the government, the more investments and production will lead to an increased tax-base and eventually more revenues to the government.

These calculations seem to have worked well so far making China beat the odds by attracting the world's second largest amount of foreign direct investment (FDI), totaling 135 billion USD last year, and thus registering an annual economic growth of 6.6 percent.

Even the optimism in Premier Li's words that the country envisions its economy to grow between 6.0 and 6.5 percent this year dwells inductively on the previous performance and effective planning whose implementation has already began.