China Africa relations – 2011 highlightsPosted on Wednesday, July 18th, 2012 in Discussions
Author: Taku Fundira
The impressive economic performance witnessed by China in the past two decades has led to China being touted as the next economic superpower and become the world’s top manufacturer, surpassing the United States. The success of China is partly attributed to the economic reforms that were undertaken since the 1970s. We have witnessed China’s economy change from a closed centrally planned system to a market-oriented economy that has a rapidly growing private sector. China–Africa trade has increased substantially in the past 10 years. By 2008, it surpassed the USD 100 billion mark for the first time to reach US$ 105 billion.
- Download: China-Africa update tralac20120718.pdf