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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]
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]
In 2010, trade between Africa and China was worth US$114 billion and in 2011, US$166.3 billion. [255] In the first 10 months of 2012 it was US$163.9 billion. [255] There are an estimated 800 Chinese corporations doing business in Africa, most of which are private companies investing in the infrastructure, energy and banking sectors. [256]
Between 2000 and 2014, China provided over $12 billion in loan finance (usually tied to infrastructure projects undertaken by Chinese firms). [ citation needed ] There is growing Chinese investment in the Ethiopian economy, while imports of cheap consumer goods from China ($3.4 billion in 2015) greatly exceeding exports from Ethiopia to China ...
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 ...
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China is Kenya's largest trading partner, with bilateral trade rising rapidly from US$186.37 million in 2002 [18] to $5.3 billion in 2018. [13] Although Kenya's exports of tea, coffee, herbs, and avocados are increasingly attractive to Chinese consumers, Kenya's trade deficit recently reached $7 billion due to the significant investment, trade deals, and developmental assistance it receives ...