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Sino–African relations, also referred to as Africa–China relations or Afro–Chinese relations, are the historical, political, economic, military, social, and cultural connections between China and the African continent. Little is known about ancient relations between China and Africa, though there is some evidence of early trade connections.
According to the 2nd session of the 2011 China Africa Industrial Forum hosted in Beijing, China-Africa trade volume was expected to exceed 150 billion US dollars by year 2011. [124] As with previous Western involvement in Africa, forging close ties with local elites has been a key strategy for Chinese diplomats and businessmen. [ 125 ]
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
The Forum on China-Africa Cooperation Summit, held this year in the Chinese capital, chalks out a three-year programme for China and every African state bar Eswatini, which retains ties to Taiwan.
Africa secured more than $10 billion in loans a year from China between 2012-2018, thanks to President Xi Jinping's Belt and Road Initiative (BRI), but the lending fell precipitously from the ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 February 2025. Chinese global infrastructure project Belt and Road Initiative Abbreviation BRI Formation 2013 ; 12 years ago (2013) 2017 (2017) (Forum) 2019 (Forum) 2023 (Forum) Founder People's Republic of China Legal status Active Purpose Promote economic development and inter-regional connectivity ...
In 2010, trade between the two countries was worth US$7.8 billion. [26] In 2011, Nigeria was the 4th largest trading partner of China in Africa and in the first 8 months of 2012, it was the 3rd. [27] In April 2018, Nigeria signed a $2.4-billion currency swap deal valid for 3 years. [28]
World map by trade as a share of GDP [1]. This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank.