Tuesday, 10 June 2014

China sees Africa trade evolving beyond mineral resources!

One of the biggest trends in global economic and trade ties in recent years has been the growing relationship between China and Africa.
Trade between the two reached $210bn (£125bn) last year - up from just $10bn in 2000.
Africa's exports to China are increasing by 25% every year. In some African countries, those exports account for more than a quarter of their gross domestic product (GDP).
Murat Ulgen, chief economist at HSBC, told Asia Business Report that the relationship is evolving beyond one based on mineral resources.

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