EENI Africa China

Africa China Economic Relationships. China's African Policy.


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Course contents (Business in Africa - Africa: Global / Regional)

- Introduction to the Forum on China-Africa Co-operation.
- China's African Policy.
- FOCAC Summit Beijing and Sharm el-Sheikh.
- Sino-African foreign trade relations.

Summary

The Forum on China-Africa Co-operation is a platform established by China and friendly African countries for collective consultation and dialogue and a cooperation mechanism between the developing countries, which falls into the category of South-South cooperation.

To encourage and support Chinese enterprises to go to Africa for investment and cooperation, the Chinese government has taken various measures including setting aside special funds and providing concessional loans.

The two-way trade between China and Africa reached US$12.389 billion in 2002,growing 7 times from the 1991 figure of US$1.44 billion. The import on the Chinese side accounted for US$5.427 billion and its export was US$6.962 billion.

In line with its commitment made at the Forum on China-Africa Cooperation, Ministerial Conference Beijing 2000, China has cancelled RMB 10.5 billion of debt of 31 least developed African countries.

The Beijing Summit of Forum on China-Africa Cooperation adopted a declaration in the Chinese capital, proclaiming establishment of "a new type of strategic partnership" between China and Africa. 2009, Sharm el-Sheikh, Egypt.

China international trade has been growing fast the last decades. Thus, Africa is just a dwarf for China, while China is African main promise, being its 2nd trade partner as of 2008, and expected to have overtaken the US (2006: $92 billion), France, and UK as Africa's biggest trading partner by 2010. China growing thirst for raw materials lead first African states owned enterprises to sell raw materials to China. Africa provide 30% of China oil needs, with Sudanese's oil account for 10 of these 30 points.

Sample:
Africa China Economic Relationships

Available Languages : En Fr (Fr: Afrique China)

Master Executive Business with Africa - Master East and Southern Africa  - Master Business West Africa and Maghreb

Africa, China, Economic, Relationships, China's, African, Policy, Sino-African, foreign trade, relations, import, export, Forum, China-Africa, Co-operation, FOCAC, Summit, Beijing, Sharm el-Sheikh, Master, International Business

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