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China Pitches Its Model of Modernization to the Global South

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China Power | Diplomacy | East Asia

China Pitches Its Model of Modernization to the Global South

There is a shift underway in China’s Global South diplomacy, as Beijing seeks to compensate for less financial firepower by focusing more on governance and capacity building. 

China Pitches Its Model of Modernization to the Global South

South African President Cyril Ramaphosa addresses the opening ceremony of the 2024 Forum for China-Africa Cooperation (FOCAC) Summit at the Great Hall of the People in Beijing, China, Sep. 5, 2024.

Credit: Government Communication Information System, South Africa

In his opening speech at the Forum on China-Africa Cooperation (FOCAC) summit on September 5, Chinese President Xi Jinping remarked, “China and Africa’s joint pursuit of modernization will set off a wave of modernization in the Global South and open a new chapter in our drive for a community with a shared future for mankind.” According to Xi, this joint path to modernization would be distinct from the Western model, which “has inflicted immense sufferings on developing countries.”

However, Beijing’s pitch to jointly pursue modernization with African countries comes at a time when China is reducing loans and investments in Africa and facing growing scrutiny from recipient countries about the viability of Chinese-led projects. According to Boston University’s Global China Initiative, the value of Chinese loans in 2023 ($4.6 billion) was just a fraction of the amount given in 2016 ($28.4 billion). Hence, Xi’s call for a modernization partnership indicates a change in gears, with Beijing seeking to compensate for less financial firepower by focusing more on governance and capacity building. It signals a shift in China’s Global South strategy, which has matured in tandem with changing domestic priorities and international environment. 

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