Search results
Results from the WOW.Com Content Network
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.
China surpassed the US in 2009 to become Africa's largest trading partner. Bilateral trade agreements have been signed between China and 40 countries of the continent. In 2000, China Africa Trade amounted to $10 billion and by 2014, it had grown to $220 billion. [3] As of 2024, Africa makes up less than 5% of China's global trade. [4]
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]
The Forum on China-Africa Cooperation (FOCAC) is the primary multi-lateral coordination mechanism between African countries and China. [244] Chinese foreign aid is a significant area of interaction within FOCAC. [245] Through FOCAC, China provides aid in the forms of debt forgiveness, aid grants, concessional loans, and interest-free loans. [245]
Trade between China and Uganda has also increased under Museveni's presidency. Even within the last 10 years, the amount of trade between the two nations has more than quadrupled, from around $230 million in 2008 to over $1 billion in 2018. [2] The majority of this trade is Chinese exports to Uganda, which account for about $850 million in trade.
Embassy of South Africa in China. Official relations between the PRC and South Africa were established on January 1, 1998. [2]: 349 The dismantling of the apartheid regime in South Africa and the fall of the Soviet Union in the early 1990s opened up the possibility of official relations being established between the PRC and South Africa. Before ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
This template has been designed so that it can be used both in articles that adopt the BC/AD date notation and those that adopt the BCE/CE date notation without forcing some articles to have inconsistent style. It will display BCE/CE notation unless the template gives the parameter BC a value.