CHINA AND AFRICA: WHAT’S THE DEAL? PART 1

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Anzetse Were

INTRODUCTION

Sino-African economic interactions have aroused keen interest in the global community over the past few years, and there are good reasons for this. In 2011, trade between China and Africa reached US$ 160 billion and investments totaled more than US$ 13 billion. In addition to that there are growing economic, political and even social ties developing between the two parties. Why are Africa and China becoming so close to each other and what does it bode for Africa? Part 1 looks at the history of Sino-African relations, current dynamics and factors informing China’s interest in Africa. Part 2 will explore the pros and cons for Africa in this economic interaction.

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A BRIEF HISTORY OF SINO-AFRICAN RELATIONS

 

1950- 1980

It can be stated that, ‘China-Africa relations got off to a start after the first Asia-Africa Conference in 1955 as Beijing attempted to assert its leadership over the Third World.’…

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