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Many in the West fear Chinese 'aid' to Africa. They're wrong. Here's why.

Western pundits have a narrative about China's activities in Africa. It usually goes something like this: China now provides as much, if not more, aid to Africa as the United States. Much of this aid goes to corrupt and authoritarian regimes. Beijing's main goal is to buy the loyalty of Africa's governing elites and secure access to the continent's rich natural resources.

How 'rogue' is China's aid?

In May Chinese Premier Li Keqiang pledged $12 billion in new development assistance to African governments and promised technology transfers to make high-speed rail a reality on the continent. His pledge reflects China"s rise to the status of major player in global development finance, with annual development assistance equaling or surpassing aid from the United States, the biggest player in the aid game. In addition, China has had a meteoric rise as an international trader and source of foreign direct investment (FDI).