Africa-China Trade Relations
1.0 Introduction
2.0 Literature Review
3.0 Challenges of trade relations 3.1 Labor Practices and Markets Strategies 3.2 Chinese National vs. Corporate Interests 3.3 Western Suspicions 3.4 Sustainable Development
4.0 Solutions to trade challenges
5.0 Conclusion
6.0 Bibliography
1.0 Introduction
The founding of the People 's Republic of China in 1949 marked the initiation of contemporary China-Africa trade and economic relations .From the 1950s to the 1970s, African countries were preoccupied with their fight for national liberation while China worked to safeguard its own sovereignty and territorial integrity. They supported each other, forged friendship and mutual trust, and laid g good political foundation for the future growth of trade and economic relations In 1978, China began to implement its policy of reform and opening up, giving top priority to economic development. This accelerated China 's industrialization and modernization processes and brought growth opportunities to Chinese enterprises. After gaining independence, most African countries launched serious to develop their economies and engage in international cooperation. In 1983, the Chinese government put forward the principles of equality, mutual benefit, efficiency, diversity and mutual development for the economic and technical cooperation with African countries. Between 1978 and 1999, the complementarities between China and Africa came into full play, thus deepening trade and economic relations between the two sides. Together with the rapid growth of bilateral trade, Chinese companies began to contract to engineering projects in Africa, provide Africa with skilled labor, and establish equity and cooperative joint ventures on the continent. At the same time, African businesses started to invest in China. China is the largest developing country in the world, and Africa is home to the largest number of developing countries. The
2.0 Literature Review
3.0 Challenges of trade relations 3.1 Labor Practices and Markets Strategies 3.2 Chinese National vs. Corporate Interests 3.3 Western Suspicions 3.4 Sustainable Development
4.0 Solutions to trade challenges
5.0 Conclusion
6.0 Bibliography
1.0 Introduction
The founding of the People 's Republic of China in 1949 marked the initiation of contemporary China-Africa trade and economic relations .From the 1950s to the 1970s, African countries were preoccupied with their fight for national liberation while China worked to safeguard its own sovereignty and territorial integrity. They supported each other, forged friendship and mutual trust, and laid g good political foundation for the future growth of trade and economic relations In 1978, China began to implement its policy of reform and opening up, giving top priority to economic development. This accelerated China 's industrialization and modernization processes and brought growth opportunities to Chinese enterprises. After gaining independence, most African countries launched serious to develop their economies and engage in international cooperation. In 1983, the Chinese government put forward the principles of equality, mutual benefit, efficiency, diversity and mutual development for the economic and technical cooperation with African countries. Between 1978 and 1999, the complementarities between China and Africa came into full play, thus deepening trade and economic relations between the two sides. Together with the rapid growth of bilateral trade, Chinese companies began to contract to engineering projects in Africa, provide Africa with skilled labor, and establish equity and cooperative joint ventures on the continent. At the same time, African businesses started to invest in China. China is the largest developing country in the world, and Africa is home to the largest number of developing countries. The
Bibliography: Raphael Kaplinsky, Dorothy McCormick, and Mike Morris. Impacts and Challenges of a Growing Relationship between China and Sub Saharan Africa. 2008. Li Anshan, China and Africa: Policies and Challenges, 2006. Dr. Michael J.K. Bokor, As China enters Africa, new challenges emerge,2012. Prof. Olu Ajakaiye, China and Africa –Opportunities and Challenges, 2006. Drew Thompson, China’s emerging interest in Africa; the opportunities and challenges,1995.