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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.
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]
These projects range from a financial cooperation agreement worth of $2.5 US billion between the Development Bank of South Africa and the China Development Bank, [30] to an investment of $877 million by China's state-owned miner Jinchuan and China Development Bank in South Africa's platinum industry, [31] and an investment of US$250 million by ...
Africa's economy—with expanding trade, English language skills (official in many Sub-Saharan countries), improving literacy and education, availability of splendid resources and cheaper labour force—is expected to continue to perform better into the future. Trade between Africa and China stood at US$166 billion in 2011. [75]
This list shows selected countries, sorted by highest financial gross wealth per adult. Taken from UBS' Global Wealth Databook. [2] The net average wealth is calculated by subtracting the debt from the mean financial wealth. The adult financial wealth is the total value of financial worth, or the sum of their overall financial assets minus ...
During the 2019-2020 Hong Kong protests, Uganda was among the African countries that expressed support for China's approach. [ 4 ] : 41 In October 2019, Uganda's Ministry of Foreign Affairs issued a statement that Uganda "firmly supports the one country, two systems policy of the People's Republic of China on the matter of Hong Kong and other ...
The following list ranks countries by the share of population with access to financial services. Access to financial services is defined as the share of the adult population (population ages 15+) with an account ownership at a financial institution or with a mobile-money-service provider. The data for the ranking taken from the Global Financial ...
SAIS-CARI is focused on producing and promoting analysis of the relationship between China and African countries. It also specializes in conducting evidence-based analysis, fostering collaboration, and training future leaders to understand the economic and political dimensions of China-Africa relations and their implications for human security ...