China participates in the global economy and pursues better trade terms rather than an alternative socialist vision
China participates in the global economy and pursues better trade terms rather than an alternative socialist vision.
The key factors propelling Chinese engagement in Africa can be summarized as a combination of domestic Chinese dynamics, desire to expand into new markets and international political factors
FOCAC is a distinctively bilateral arrangement in China’s relations with the current 49 African countries recognising Beijing
The overarching driver has been the Chinese government’s strategic pursuit of resources and attempts to ensure raw material supplies for growing energy needs within China, in part reflecting the country’s position as a centre of global manufacturing.
China's exports to Africa were mainly light industrial products, food, chemical products, native produce and animal byproducts.
Africa's major export products to China used to be cotton and phosphate, among other primary products. In recent years, steel, copper, chemical fertilizers and electronic items produced in Africa have successively entered China's market.
China has been promoting trade facilitation, and all-round, comprehensive and balanced China-Africa trade for years. China has signed bilateral trade agreements with 45 African countries, and enhanced cooperation in customs, taxation, inspection and quarantine, so as to create favorable conditions for China-Africa trade development. In support of African countries' export expansion to China, the latter has offered the Least Developed Countries (LDCs) of Africa that have diplomatic relations with China zero tariffs on some of their exports to China since 2005. By July 2010, African products that enjoy zero-tariff treatment had increased to 4,700 taxable items, and are expected to cover 95 percent of the total taxable items mentioned in the Regulations of China on Import and Export Duties.
Countries will tend to generate and export goods and services that harness large amounts of abundant production factors that they possess,
The key factors propelling Chinese engagement in Africa can be summarized as a combination of domestic Chinese dynamics, desire to expand into new markets and international political factors
FOCAC is a distinctively bilateral arrangement in China’s relations with the current 49 African countries recognising Beijing
The overarching driver has been the Chinese government’s strategic pursuit of resources and attempts to ensure raw material supplies for growing energy needs within China, in part reflecting the country’s position as a centre of global manufacturing.
China's exports to Africa were mainly light industrial products, food, chemical products, native produce and animal byproducts.
Africa's major export products to China used to be cotton and phosphate, among other primary products. In recent years, steel, copper, chemical fertilizers and electronic items produced in Africa have successively entered China's market.
China has been promoting trade facilitation, and all-round, comprehensive and balanced China-Africa trade for years. China has signed bilateral trade agreements with 45 African countries, and enhanced cooperation in customs, taxation, inspection and quarantine, so as to create favorable conditions for China-Africa trade development. In support of African countries' export expansion to China, the latter has offered the Least Developed Countries (LDCs) of Africa that have diplomatic relations with China zero tariffs on some of their exports to China since 2005. By July 2010, African products that enjoy zero-tariff treatment had increased to 4,700 taxable items, and are expected to cover 95 percent of the total taxable items mentioned in the Regulations of China on Import and Export Duties.
Countries will tend to generate and export goods and services that harness large amounts of abundant production factors that they possess,