China’s Relationship With Africa | Best 5 Facts You Need To Know

China’s Relationship With Africa

China’s Relationship With Africa in the past few years, we’ve heard more and more about China continuing its influence in Africa, expanding to this region not only as a trade partner but also as an investor. The question here is, does China’s presence in Africa help or is it detrimental in any way? Let’s find out!

Why is China focused on investing in Africa?

China is an economic powerhouse and its main focus is on securing long term energy suppliers for industrialization. Chinese FDI annual flows to Africa or foreign direct investment have increased quite a bit since 2003. The investment number was $75 million in 2003, in 2019 that number was $2.7 billion. This shows just how important Africa is for China, and they are indeed investing a huge amount of money.

Until 2015, China has amounted to only 5% of the global FDI into Africa. However, Africa is depending on China for trade, and not for the FDI. After all, 25% of the global trade in 2015 for African countries was with China. They are a very important country for exports.

They are always looking for places where they can acquire raw materials and oil supplies. As we already know, Africa is regarded as one of the top places in the world where you can find this type of material. This is why Chinese companies have started investing quite a lot in the mining and oil sectors in particular. In exchange, they get major trade deals. Moreover, Chinese companies have started to invest in manufacturing, infrastructure, agricultural products, telecommunications and many others.

China has been criticized when it comes to their activity in Africa, mostly due to its controversial business practices. It’s said that they don’t promote human rights and proper governance. Despite that, most African governments are very happy with the Chinese presence and policies.

Trading benefits

The economic ties between Africa and China have deepened because China’s economy thrived in recent years. That’s why right now China has surpassed the US as Africa’s first trading partner. In fact, around 16% of sub-Saharan African exports go to China. Most of the exports include mineral fuels and lubricants, but China also acquires metals, and iron ore, as well as agricultural and food products.
Then there’s also the fact that China also helps African countries too. They export communications equipment, transportation, a wide array of machinery and manufactured goods to the African countries as well.

How are African countries viewing China?

China’s Relationship With Africa based on surveys, Africans have a very positive reception when it comes to China. Most responders are happy with the contribution that China has to Africa’s development. They are ok with the Chinese influence in Africa. 63% of the Africans are viewing the political and economic influence of China as positive or very positive.

On top of that, many African leaders have been outspoken about the benefits that China brought to their own countries. They believe that China brought more benefits than many Western countries. It’s easy to see that the African continent has benefitted from China’s influence and trade. China is seen very well throughout the entire continent, and everyone tends to have a very positive outlook on how China invests and trades on the continent.

Of course, there are also people that believe China is trying to spread too much in Africa and they are afraid that the governments and residents will be in debt. In the end, it’s clear that China has a lot of important investments in Africa, and they are counting on the African countries to bring in many resources China needs to grow and evolve. It’s a mutually beneficial partnership that really makes a difference!

The Top Five Facts About China’s Relationship With Africa

China is one of the largest economies in the world, and it is growing rapidly. As China’s economy continues to grow, it is important to understand the factors that are driving that growth. In this post, we will explore five key facts about China’s relationship with Africa.

1. China is Africa’s largest trading partner.

2) China has invested billions of dollars in African infrastructure projects.?

Africa is China’s largest trading partner, with bilateral trade totaling $318.5 billion in 2016. In recent years, Beijing has invested billions of dollars in African infrastructure projects, including the construction of numerous roads, railways and ports. The relationship has benefited both countries, with China gaining access to valuable resources and Africa receiving a major boost to its economy.

2. China is home to some of Africa’s most impoverished people.

China is home to some of Africa’s most impoverished people. The country has been a generous donor to Africa in terms of development assistance, lending billions of dollars over the years towards projects such as roads, hospitals, schools and renewable energy schemes. However, there are also concerns that Beijing is not always committed to promoting human rights in African countries and that its economic interests may conflict with those of the continent’s people.

3. China is investing billions of dollars in African infrastructure and development.

Africa is home to over 1.2 billion people, making it the world’s most populous continent.? China has been investing billions of dollars in African infrastructure and development in an effort to extend its economic reach and improve the quality of life for its citizens. The Chinese government has pledged more than $60 billion worth of assistance to Africa through 2020.? China’s investments are helping to build roads, railways, hospitals, schools, and other critical infrastructure.

Do some analysts believe that China’s investments in Africa will eventually lead to a “debt-free” Africa. In October 2017, Chinese President Xi Jinping announced that Beijing would provide $5 billion in loans and grants for African development projects over the next three years. Does this announcement come on the heels of a number of other large-scale investment commitments from China including a pledge of nearly $50 billion for the construction of industrial parks on the continent?

In addition to direct investment, China is also promoting trade between Africa and Asia through initiatives such as the establishment of an Asian Infrastructure Investment Bank (AIIB) with support from Beijing.? These efforts are designed to create jobs and boost economic growth across Africa while also improving access to essential services such as China is one of Africa’s most important economic partners.

The two countries have strong trade ties, with bilateral trade totaling $201.7 billion in 2017. China has also invested heavily in African infrastructure, including energy and telecommunications projects. These efforts are designed to create jobs and boost economic growth across Africa while also improving access to essential services such as healthcare and education.

4. China is becoming an increasingly important player in the African economy.

China’s Relationship With Africa since the 1990s, China has made considerable investments in African countries in an effort to build strong economic relationships and expand trade ties. China is now Africa’s second-largest trading partner, after the European Union. In 2016, bilateral trade reached $180 billion, which represents a 60% increase from 2015.

China is also Africa’s leading investment partner, with total investment totaling $128 billion as of 2016.? The Chinese government sees African countries as key strategic partners in its global outreach. Beijing has made it a priority to support African leaders in their efforts to improve economic governance and development prospects for their citizens.

China’s growing presence on the continent has raised concerns among some western policymakers that Beijing is using its financial clout to gain political influence. However, recent research suggests that while China does wield significant influence over African nations through loans and investment, this does not necessarily translate into Beijing exerting control over these countries.

In fact, many African leaders have come to appreciate the benefits of having a powerful ally like China on their side when dealing with difficult international issues such as climate change.

5. China and Africa are growing closer together on a personal level as well.

In recent years, China and Africa have grown closer together on a personal level as well. The two countries have established strong diplomatic and economic ties, with trade between the two reaching $360 billion in 2016. China has also invested heavily in African countries, lending them money and providing assistance in areas such as infrastructure development.

In return, Africa has provided China with valuable resources such as oil and minerals. Cooperation between the two countries is critical to their mutual interests, and their relationship is likely to continue to grow in the future.

Conclusion

China’s Relationship With Africa | Best 5 Facts You Need To Know. China’s relationship with Africa is growing rapidly and will continue to do so in the years to come. China has been investing heavily in African countries for many years now, and the relationship is growing rapidly. The two sides have a number of joint projects in place, including infrastructure development, trade and investment, and agricultural cooperation.

In 2017, China’s bilateral trade with Africa totaled $124 billion, making it the continent’s second-largest trading partner after the United States. China is also one of the main donors of humanitarian assistance to Africa. The Chinese government is committed to building a strong partnership with African countries and believes that this will be beneficial not only to both sides but to the whole world too.