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Opinion
WHEN CHINA SNEEZES AFRICA CATCHES A COLD PDF Print E-mail
By Kebour Ghenna   
Tuesday, 01 September 2015 05:49

China has become the major development partner of sub-Saharan Africa. It is now the subcontinent’s largest single trading partner and a key investor and provider of aid. In 2013, trade between China and Africa reached a record $200 billion, almost 20 times higher than it was in 2000, with a 44 percent spurt in Chinese direct investment in Africa.
US trade with Africa, but only in goods, not services, totaled $85 billion in 2013. Services amounted to about another $11 billion. European trade with Africa reached $137 billion in 2013. Africa has become the second-largest source of China's oil imports, and a major destination of Chinese investment, with more than 2,000 Chinese enterprises currently investing there. Add a comment

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