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China trades with Africa

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According to Business Guide Internet Edition, "CHINA MAKES INROADS INTO AFRICA China meets demands of African markets...":

"The positive business environment in Africa has already been noticed by the international community and investments into Africa have been flowing from various countries around the world. China, one of the fastest growing economies in the world, has already started making inroads into the African markets and established a special China-Africa Business Council recently. Trade between China and Africa registed an unprecedented growth of ninefold between 1999 and 2003 and stands at approximately $18 billion. Trade analysyts expect this figure to reach a whopping $110 million by 2006.........".

Jean-Christophe Servant in Le Monde Diplomatique (China’s trade safari in Africa), states:

"China first became involved in Africa during the cold war, when it made friends and did business in parts of the world overlooked by the West and the Soviet Union. Its investment is paying off now in oil and raw material imports and markets for manufactured goods......".

However, Michael Sata (a Zambian opposition politician) says: “Their interest is exploiting us, just like everyone who came before,” .....“They have simply come to take the place of the West as the new colonizers of Africa.”

Source: Google Internet search.

Comments:

- Global trade should be free and competitive. The respective governments of the trading countries should ensure that the trade relationship is on the basis of "give-and-take", while eliminating or minimising exploitation of one party by another.

- Some critiques are therefore concerned about the Chinese growing influence in African economies, especially Zimbabwe, Angola and Liberia.

For more details, click:
China trades with Zimbabwe.

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