Growing Economic Ties Between China & Africa

china 2One of the biggest trends in global economic and trade ties in recent years has been the growing relationship between China and Africa.

Trade between the two reached $210bn (£125bn) last year – up from just $10bn in 2000.

Africa’s exports to China are increasing by 25% every year. In some African countries, those exports account for more than a quarter of their gross domestic product (GDP).

Murat Ulgen, chief economist at HSBC, told Asia Business Report that the relationship is evolving beyond one based on mineral resources.

Courtesy BBC

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s