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Jack Ma: Today's Africa is the China of 20 years ago
The Africa Report ^ | Jan 2020

Posted on 01/11/2020 1:07:56 PM PST by CondoleezzaProtege

I set foot in Africa for the first time in 2017. As Special Advisor to the United Nations Conference on Trade and Development, I have visited Kenya and Rwanda. Having done a lot of research before leaving, I thought I knew what to expect – and hoped to get out of my comfort zone...To my surprise, it was not much different from what I had experienced at home in China.

...The digital revolution has the potential to bring tremendous prosperity to the continent, provided it has the entrepreneurs and businesses capable of carrying it out. Skeptics may well point to the inadequacy of its infrastructure and believe that it is not at all ready to enter the digital age, but they are mistaken: on the contrary, it is very well placed.

In this new world, heavy infrastructure is of little use... Fortunately, this was not a problem in China in 1999, when I created Alibaba. We had a large population, low per capita income, and poorly developed infrastructure in the retail, logistics and banking sectors.

But two decades later, the number of Internet users has risen from 8.8 million to 850 million; per capita income has risen from as low as $800 to as high as $9,000; and e-commerce sales total $1 trillion.

The Alibaba Ecosystem alone has created more than 40 million jobs throughout the country. Last year, e-commerce revenues exceeded $97 billion in rural China, generating nearly 7 million new jobs.

And Africa can do even better. As China, the lack of infrastructure is an asset there. Another ingredient for its future success is its 1.3 billion inhabitants, 40% of whom are under 16 years old. Six of the ten fastest growing economies in the world are African. And the number of smartphones per capita is growing rapidly.

(Excerpt) Read more at theafricareport.com ...


TOPICS: Business/Economy; Society
KEYWORDS: africa; alibaba; china; economy; jackma
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1 posted on 01/11/2020 1:07:56 PM PST by CondoleezzaProtege
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To: CondoleezzaProtege

I guess we should be afraid.


2 posted on 01/11/2020 1:10:03 PM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: CondoleezzaProtege

That’s downright optimistic.


3 posted on 01/11/2020 1:13:08 PM PST by Pearls Before Swine
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To: Pearls Before Swine

If China thinks they can colonize Africa, all I can say is, “Good luck with all that!”


4 posted on 01/11/2020 1:14:34 PM PST by dfwgator (Endut! Hoch Hech!)
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To: CondoleezzaProtege

The flaw in his reasoning is that Africa is populated by Africans.


5 posted on 01/11/2020 1:14:37 PM PST by SpaceBar
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To: CondoleezzaProtege

Something wrong with Jack Ma.


6 posted on 01/11/2020 1:15:45 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: ifinnegan

Maybe they can colonize the middle east with our blessing.


7 posted on 01/11/2020 1:17:13 PM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: CondoleezzaProtege

Bull


8 posted on 01/11/2020 1:17:53 PM PST by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
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To: Pearls Before Swine

As someone who has been to Africa, this guy is beyond optimistic...

China has this nice central government that can edict everything and everyone work toward a common goal..

Not so with Africa. Most nations don’t even have strong central government, let alone a central driver for all the nations.

Africa life expectancy is in thr 40s... it is nowhere near China of 20 years ago


9 posted on 01/11/2020 1:20:32 PM PST by HamiltonJay
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To: CondoleezzaProtege

Have they all quit chopping up the next village over with machetes yet?


10 posted on 01/11/2020 1:22:35 PM PST by Repeal The 17th
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To: Pearls Before Swine

There are a few economies in Africa that are decently run. If the kleptocrats are run out power, Africa has nowhere to go but up.


11 posted on 01/11/2020 1:23:33 PM PST by Amberdawn (Want To Honor Our Troops? Then Be A Citizen Worth Fighting For.)
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To: Amberdawn

Africa is the China of 6000 years ago.


12 posted on 01/11/2020 1:25:48 PM PST by The Antiyuppie (“When small men cast long shadows, then it is very late in the day”)
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To: SpaceBar

Right, it’s hard to create an advanced civilization when the average iq of some of the countries in Africa is 70.


13 posted on 01/11/2020 1:38:01 PM PST by Husker24
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To: Husker24

Make Wakanda Great Again!


14 posted on 01/11/2020 1:38:57 PM PST by dfwgator (Endut! Hoch Hech!)
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To: CondoleezzaProtege

That is wrong. Africa will never progress any further, in fact in time it will revert to where it was 500 years ago.


15 posted on 01/11/2020 1:40:29 PM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page=61)
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To: CondoleezzaProtege

Wrong, 20 years from now Africa will still be the sh!thole continent that it has always been.


16 posted on 01/11/2020 1:40:54 PM PST by euram
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To: CondoleezzaProtege

Perhaps Jack Ma envisions a kinder gentler Belgian Congo Free State.


17 posted on 01/11/2020 1:41:34 PM PST by SpaceBar
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To: CondoleezzaProtege

Well, Ethiopia is anyway. Sort of!

https://www.worldbank.org/en/country/ethiopia/overview


18 posted on 01/11/2020 1:49:14 PM PST by Honorary Serb (Kosovo is Serbia! Free Srpska! Abolish ICTY!)
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To: CondoleezzaProtege

Africa: On the verge of greatness for a thousand years.


19 posted on 01/11/2020 2:37:16 PM PST by Uncle Miltie (Epstein didn't kill himself.)
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To: CondoleezzaProtege
Hardly. The Chinese are not retarded.

World IQ Map. Anything less than 95 is retarded. 65 is barely functional.


20 posted on 01/11/2020 2:39:50 PM PST by CodeToad (Arm Up! They Have!)
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