Business Relations Between China And Africa – Trade And Investment In Africa

.tags The forum statistics showed that China has invested nearly 1 billion USD since 2000. The ministers from each sides determined to more strengthen their relationship on both economical and political grounds.

The trade meetings have been fruitful so far, and have improved their relationship in several ways. Prime Chinese ministers and political advisors have been frequently visiting the African countries to build trust, and to perceive its culture and economy. Last year, foreign minister Li Zhaoxing visited four major countries in Africa, and shared his views with its presidents.

This year the Sino-African trade saw some new dimensions: agricultural deals; ivory trade; automobile sales; stakes and more. As both these countries are wealthy in agricultural resources, China has major investments plans to boost the agricultural trade. Since 1960, China has played effective roles to uplift Africa’s agro technology – by sending in 10,000 technicians to train African farmers, and introducing innovative programs like large-scale farming, hybrid rice harvesting, and layers farming. With several different agendas in hand, it’s said that Agriculture can be one in all the high priorities. To make this happen, recently Chinese delegates announced that they need allotted $ 5 billion USD to improve the agricultural production in several African countries. They said this is able to also decrease unemployment and poverty, and will encourage agricultural growth.

Though China’s trade with Africa has been there for over fifty years, its magnanimous hand is still beneath scrutiny. The recent ivory trade is one in all them. In July, 2008, a panel supported the concept of allowing China to participate in the ivory trade. Keeping the sensitive nature of the business in mind, many analysts are worried about the panel’s call, as this might pose threats to elephants. Alternative top environmental teams claim that China is nonetheless to regulate the ivory trade properly. However, the Chinese government dismissed the claim and said it has taken all the steps to eradicate illegal business, and have improved its enforcement of the ivory trade.

On the opposite aspect the African counterpart too has one thing to show. The growth of Africa’s exports to China has been steadily rising since 1992. Though the expansion was moderate until ninety eight, after that there has been a pointy increase within the exports.

With China enjoying a significant role in Africa’s development, the human rights, on the other hand queries this act. Analyst Chen-Shen-Yen points that ‘China needs energy from Africa’. And others believe this. A number of them believe that China’s sturdy affiliation with Africa might be a threat to the western countries, that depends on the continent’s made raw materials. Several researchers believe this might be the race for raw materials. Africa remains wealthy during this; China is growing rapidly, and it wants resources to quench its economic thirst. Oil – is one amongst the prime raw materials. Nigeria and Sudan are known for its oil productions. When China supported the Sudanese government, the human rights were quick to point and criticize the move because of the violence in Darfur region.

With tons of plans and guarantees, the 2 nations continue to maintain its economic relationship. The skeptical onlookers still chew over to search out the real motive. Amidst of these hot debates the two countries still shake hands.