1)What are the differences between China's economic policy for the development of Africa, and the west's model for the development of Africa?

2)Is it possible for countries that adhere to the European Fiscal Compact economic policy to break the yearly deficit/pil rule without being sanctioned?

1)Africa is the continent which is highly rich in mineral and there is no country which would not want to tap the potential of the mineral-rich land of Africa. In recent times, China has surpassed the western countries, particularly the United States in investment in Africa. China is also the biggest trading partner of Africa than most of the European nations. Today, most of the African countries have large trade deficits with China.

There is an entirely different approach used by China in relation to the western nations. Western nations used to give financial or material aid to the African nations, while China believes in intervening in infrastructural development in African countries. China tries to clear the bottlenecks, such as inadequate infrastructure in African nations. China also provides export credit and flexible loans to the African nations, which bear less interest rate.

Thus one can conclude that the western approach of giving aid to African nations is a short-term approach, while China is trying to accomplish the long-term goals by fulfilling the needs of the continent.

2)Yes, it is possible for countries that adhere to the European Fiscal Compact economic policy to break the yearly deficit/pil rule without being sanctioned. This policy lets countries to deviate or move away from the fiscal rules in case of any emergency. For example, a country can run a larger deficit in case it enters into a situation of recession.