Africa: China is now Africas biggest business partner, with roughly $200bn 120bn in trade in 2103 more than double the trade that Africa did with United States, which is also behind Europe, according to The Independent. What started as insatiable demand from China for Africas rich seams of commodities which involved the Chinese moving in to build the massive infrastructure and transport links required to get the resources out of Africa has developed into a much broader trading relationship in all sorts of goods and services and The gains from trade with Africa long ago brought China and Europe and, to be fair, some of the smartest American companies to this vast continent with investment, infrastructure and feet on the ground, but the US has let its business dealings with Africa slip way behind both of those two major competitors in recent years. More than one million Chinese migrants have moved to Africa to help the cause. That speaks volumes.
(news.financializer.com). As
reported in the news.
Tagged under Africas, business partner topics.