Asia > China Africa Relation

China Africa Relation in Asia

  • Despite slowing growth, China in Africa for the long haul

    CHINA, 2015/03/20 China lowered its 2015 increase projections to “around 7 %” on 5 March - the slowest rate in 24 years - amid fears that a slowdown in the Asian powerhouse could dampen economic ties with Africa. But while request for commodities - which formed the basis of the China-Africa relationship so far - is set to slow, outward foreign direct investment (OFDI) trends on the back of China’s ‘New Silk Road’ grand strategy indicates that China’s focus on Africa is here for the long haul, according to analysis by South Africa’s Standard Bank. Chinese increase was projected to hit 7.4 % through 2015 before the downward revision was announced by Premier Li Keqiang. China’s economic fortunes are intimately tied to the ascendance of a lot of African economies over the completed decade. African commodities played a significant role in fuelling China’s average of 10 % increase over the completed five years, supplying raw materials for manufacturing and a booming real estate market.
  • Forum Opens in Sudan to Boost Sino-African Peoples' Cooperation

    CHINA, 2014/05/14 About 200 delegates from 27 African nations and China started a two-day forum here on Monday to exchange experience, deepen cooperation in poverty relief to boost Sino-African friendship and improve the well-being of people in China and Africa. The opening session of the 3rd China-African People's Forum was attended by Wang Zhizhen, vice-chairwoman of the 11th National Committee of the Chinese People's Political Consultative Conference and vice-chairwoman of China Association for International Exchange, Sudanese Initial Vice-President Bakri Hassan Salih, Mauritanian National Minister for Foreign Affairs and representative of the African Union Makfula Hamoudi.
  • Chinese Premier Li Keqiang with President Uhuru Kenyatta at National Home Nairobi

    CHINA, 2014/05/14 Chinese Premier Li Keqiang with President Uhuru Kenyatta at National Home Nairobi on Sunday. Hainan Airline, touted as the major privately-owned air transport company in China, plans to enter the East Africa market with a $50 (Sh4.36 billion) million investment . The Shanghai Stock Exchange-listed HNA Group is the fourth major airline in China and operates in 60 nations. The airline signed an agreement with Astral Aviation Airlines Kenya on Saturday, which was one of the 17 MoUs signed at National Home between Kenya and China.
  • Xi Jinping’s Africa policy

    CHINA, 2014/05/05 It has been additional than a year since Xi Jinping’s inauguration as China’s new president in March 2013 and his unprecedented visit to Africa in his initial overseas trip as the chief of national. During the initial year of the Xi government, China’s policy toward Africa has shown several new trends that illustrate Beijing’s evolving priorities and strategies in the continent. These new trends foreseeably will have significant implications for the next of Africa and Sino-Africa relations.
  • Erastus Mwencha, Deputy Chairperson of the African Union (AU)

    CHINA, 2014/05/05 Africa has benefited from the economic increase China has registered, Erastus Mwencha, Deputy Chairperson of the African Union (AU) Commission, said on Thursday. Speaking to Chinese journalists in Addis Ababa, Mwencha lauded China's role in Africa's economic increase registered over the completed decade. "Africans have benefited from China's increase, particularly from the strong request for Africa's products," said the deputy chairperson.
  • China's financial support significant role as Tanzania

    CHINA, 2014/03/01 CHINA'S financial support in development of major infrastructure projects plays a significant role as Tanzania leaps forward to become the regional economic power home. Looking at the bigger picture, Tanzania's economic fortunes have been boosted by the discovery of the vast natural gas reserves in the southern regions of Mtwara and Lindi, but it is China's influence that will matter most as it finances major energy and infrastructure projects to tap the resources. China is financing a US $ 1.2 billion gas pipeline project from Mtwara to Dar es Salaam, which is expected to be completed later this year.
  • China's assitance to Zimbabwe.

    CHINA, 2014/03/01 On February 20, Chinese Ambassador to Zimbabwe Mr. Lin Lin was interviewed by reporters from the Daily News and answered questions about the business cooperation between the two nations inclunding China's assitance to Zimbabwe. Ambassador Lin said that trade between the two nations grew from $310 million in 2003 to $1.1 billion in 2013. Since 2009, bilateral trade has been on a fast track of development. He believed that in the next five years, with deepened cooperation between the two sides, the trade volume will continue to grow.
  • Niger has obtained a loan of 1 billion U.S. dollars from the Export-Import Bank of China

    CHINA, 2014/02/23 Niger has obtained a loan of 480 billion CFA Francs (1 billion U.S. dollars) from the Export-Import Bank of China (China Exim Bank) to fund various projects in the land-locked West African country, an official source said on Thursday. The agreement ratified in Niamey on Wednesday by the Nigerien government will facilitate funding of projects in sectors such as construction, agriculture and industry. Currently, Sino-Nigerien cooperation covers energy, culture, security and infrastructure. The cooperation was reinforced next the entry of various Chinese companies in the drilling and refining of Nigerien oil and the mining of uranium in the northern part of the country.
  • China, Republic of Congo Issue Joint Communique to Boost Ties

    CHINA, 2013/04/05 China and the Republic of the Congo issued on Saturday a joint communique on the agreements reached by the two nations' presidents, inclunding their common desire to promote bilateral ties and expand cooperation someday. "The two heads of national acknowledge to build, on the basis of traditional friendship between the two sides, a China-Republic of the Congo comprehensive cooperative partnership of solidarity and mutual assistance," said the communique issued next Friday's conference between Chinese President Xi Jinping and Denis Sassou Nguesso, the president of the Republic of the Congo.
  • xi jinping in tanzania

    CHINA, 2013/04/05 This is my prime visit to Africa as the Chinese President and my sixth visit to the African continent. The moment I set foot on this beautiful land, I was impressed by the overwhelming friendship of the Tanzanian people toward the Chinese people. The government and people of Tanzania held a appropriate and grandiose welcoming ceremony. This shows not only the importance they accorded to me and my delegation but as well the profound traditional friendship between the two nations and two peoples.