SomaliPress.com

Chinese Trade With Africa Jumps in 2010

Published on Thursday 23rd December 2010

China says its trade with Africa surged by 43 percent during the first 11 months of this year.A central government report released Thursday says the value of China-Africa trade was $114.8 billion from January to November.The increase follows a one-year drop in 2009, blamed on the global economic crisis.The report suggests trade between China and the continent will continue to grow.  It notes that China has signed bilateral trade agreements with 45 African countries.Chinese companies have invested billions of dollars across Africa in recent years, seeking raw materials and markets to fuel China's economy.  Critics accuse Beijing of helping governments with poor human rights records, in countries like Sudan and Zimbabwe.Thursday's report defended China, saying the trade has been mutually beneficial and has helped improve African people's standards of living.

Terms:

Comments

Post new comment