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In 2010, trade between Africa and China was valued at US$114 billion [9] and US$166.3 billion in 2011. [67] By 2022, total trade grew to US$282 billion. [68] China has been Africa's largest trading partner since 2009 when it surpassed the United States, [69] and continues to be by far its largest trading partner as of 2022. [68]
Colombo International Financial City built on land reclaimed from the Indian Ocean and funded with $1.4bn in Chinese investment is a special financial zone and another major Chinese investment in Sri Lanka. [103] In April, Sri Lanka experienced a default on its foreign debt amounting to US$50 billion, with China being one of the creditors involved.
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]
China Aerospace Science and Technology Corporation (CASC), a state-owned military and space contractor, has announced a goal to make the country the world’s top space power by 2045.
List of top municipalities and prefecture-level divisions by GDP [1] Nominal GDP is based on the official annual average exchange rate at CN¥ 6.7366 per US dollar in 2022 ; [ 2 ] CN¥3.988 per Int'l. dollar (according to World Economic Outlook published by IMF in October 2022 publication) [ 3 ]
The Hakka Chinese are the dominant group among the Chinese in Mauritius. The Chinatown of Port Louis is one of the oldest in Africa. The Chinatown of Port Louis is one of the oldest in Africa. In the 1780s, thousands of Chinese migrated to Mauritius and quickly formed a small Chinatown, the "Camp des chinois", in Port Louis. [ 2 ]
In 2013, Africa was home to seven of the world's fastest-growing economies. [33] As of 2018, Nigeria is the biggest economy in Africa by nominal GDP, followed by South Africa; in terms of PPP, Egypt is second biggest after Nigeria. [34] Equatorial Guinea has Africa's highest GDP per capita.
As of 2025, the New York metropolitan area is the world’s principal fintech and financial center [1] [2] and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion. [3] This is a list of cities in the world by nominal gross domestic product (GDP).