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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.
A 1 billion U.S. dollar special loan for small and medium-sized African businesses was also established. China also announced eight new policy measures aimed at strengthening relations with Africa that were "more focused on improving people's livelihoods". [11] Wen announced that China will write off the debt of some of the poorest African nations.
On November 5, 2006, during the 2006 Forum on China–Africa Cooperation in Beijing, the Chinese government announced the funding of a new building to house the headquarters of the African Union, the African Union Conference Center and Office Complex. [8] The entire project, estimated to have cost US$200 million, was entirely funded by China ...
An indication of the importance China attaches to its economic relationship with Ghana in the West African region was the decision to open the fourth office of the China-Africa Development Fund in Accra. Opened in November 2011 the office in Ghana focuses on the West African region for the fund. [9]
In 1980, the total Sino-African trade volume was US$1 billion. By 1999, it had reached US$6.5 billion. [253] By 2005, the total Sino-African trade had reached US$39.7 billion before it jumped to US$55 billion in 2006, making China the second largest trading partner of Africa after the U.S., which had trade worth US$91 billion with African nations.
Nigeria and the People's Republic of China established formal diplomatic relations on February 10, 1971. [4] [5] [6] Relations between the two nations grew closer as a result of the international isolation and Western condemnation of Nigeria's military dictatorships (1970s-1998). Nigeria has since become an important source of oil and petroleum ...
The China-Africa Development Fund (Chinese: 中非发展基金), more commonly known as CAD Fund, is a China Government Guidance Fund solely funded by China Development Bank, a Chinese government policy bank. The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural ...
Ex-diplomat and now professor of Foreign Relations in Beijing, M. Xinghua, referred to this era as the "golden age" of Sino-African relations. [13] Growing numbers of African countries switched their recognition from the ROC (Taiwan) to the PRC . 1976 marked the death of Zhou Enlai and Mao Zedong , bringing the era of ideology symbolically to a ...