Based in China since 1985, Dr. Jonathan Woetzel has been instrumental in building McKinsey & Company's China office. In addition to his work helping Chinese and other Asian businesses prepare for global growth, Jonathan is a director of the McKinsey Global Institute (MGI), McKinsey's business and economics research arm. He also leads McKinsey's Cities Special Initiative and is responsible for convening McKinsey's work with city, regional, and national authorities in more than 40 geographies around the world.
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Stefan Knupfer is a Senior Partner, Stamford McKinsey & Company, Stamford. Read the full bio
The MED This Week newsletter provides expert analyses and informed comments on the most significant developments in the MENA region and beyond, bringing together unique opinions on the topic and reliable foresight on future scenarios. Today, we turn the spotlight on Afghanistan, where the Taliban’s takeover of the capital Kabul will lead the country to a new rule, with uncertain consequences on the geopolitical and humanitarian side.
On April 16 the Council of the European Union issued its ‘Conclusions on an EU Strategy for Cooperation in the Indo-Pacific.’ The EU policy paper announced a “meaningful European naval presence in the Indo-Pacific.” However, the meaning of that exact phrase on top of who, what, and when would be deployed to the region have yet to be further explained.
For over a decade, rare earths have emerged as a crucial commodity in the race for the geo-economic dominance of this century, and that is not by chance. As a matter of fact, rare earths are fundamental for the development of the new technologies that will enable the green revolution envisaged by the international community’s climate change efforts.
Set up in the benign environment of the post-Cold War period, the Forum on China Africa Cooperation (FOCAC) was a bold diplomatic initiative for China at the time and one which forged a path to ever closer relations. Twenty-one years on the world has changed in unexpected and profound ways, which put China-Africa ties under the spotlight once again. China’s rising stature on the global stage echoes the increasingly dominant economic position it holds across nearly all sectors on the continent.
The 2015 launch of China’s Digital Silk Road — and subsequent concerns around the cybersecurity risks associated with Chinese vendors’ network gear — have prompted US and European policymakers to turn their eyes to China’s footprint in Africa’s digital infrastructure.
China has a long history of engaging in Africa’s energy sector. The first Chinese hydropower station was completed in the 1960s. Known as the Kinkon hydropower station in Guinea, it was China’s first foreign aid project in Africa’s power sector, amongst other landmark infrastructure projects like the Tanzania-Zambia Railway (TAZARA) in that same period. However, Chinese aid was largely interrupted during the early stages of China’s economic reforms in the early 1980s, when strategic priorities shifted towards domestic economic development.
2021 is a significant year for Africa-China relations. It marks 20 years since the Forum for China Africa Cooperation (FOCAC) was established. China’s Communist Party, which has been in contact with African parties longer than any other political party in the industrialized world, turned 100. Meanwhile, South Africa’s African National Congress, one of the first African movements to be mentored by China, turned 109.