How the trade in natural resources is changing Chinese-African relations
Author: Peter J Croll, Andreas Lebzien, Wolf-Christian Paes.
Croll, Peter J and Lebzien, Andreas and Paes, Wolf-Christian. May 2008. "How the trade in natural resources is changing Chinese-African relations." 7 8. Bonn: https://www.bicc.de/uploads/tx_bicctools/focus_7_china.pdf
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hina’s infl uence on the African continent has grown
signifi cantly in the past decade. More than 40 African
heads of states attended the last China-Africa summit in
Beijing in November 2006, a signifi cantly larger attendance
than similar meetings between African leaders and the
European Union. The Beijing summit—which celebrated
50 years of diplomatic relations between the Asian
superpower and African nations—was also a symbol for a
geostrategic shift, which is currently taking place on the
continent. Numerous African nations, including a number
of favorite ‘donor-darlings’ such as South Africa and
Ghana, are in the process of diversifying their political and
trade relations away from the traditional North-South axis
and towards new South-South relationships with emerging
Asian economies such as India, Malaysia and China. This
process is driven largely by Chinese investment in Africa,
estimated at some US $50 billion in 2006 (Fues et al, 2006, p. 1),
and also by the promise of signifi cant Chinese loans and
other forms of development assistance. Imports of crude oil
and other petroleum products account for the lion’s share
of Sino-African trade relations, while Chinese companies
are exporting consumer goods, such as household items,
electronic products and clothing.Published: May 2008Typ: report