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II.a Merchandise Trade: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
This section pulls together the information available and attempts to quantify, to the extent possible, China’s economic engagement with Africa.3 Emerging from the review is a recognition of China’s multifaceted influence: as market for Africa’s exports, donor, financer and investor, and contactor and builder. While official financial and technical assistance predominated in the past, commercial activities, which have increased rapidly in the last few years, are now dominant in financial terms.

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What Drives China’s Growing Role in Africa?
China’s fast-growing economic ties with Africa are attracting considerable attention. The relationship came into the spotlight during the summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing in November 2006 and the Annual Meetings of the African Development Bank (AfDB) in Shanghai in May 2007. While the expansion of trade and investment between Africa and China has been generally welcomed, concerns have been expressed about how China’s growing presence might affect African development.2 But what roles exactly has China played?
II.C. Other Debt-Creating Financial Flows: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
Aside from intergovernmental loans, there are other debt-creating financial flows from China to Africa, mainly trade credits, some of which are medium- and long-term.13 Trade credit may be provided by suppliers or financial institutions. Of these the Export-Import Bank of China (China Exim Bank) is the most active. Its total export credit and international guarantee business increased to US$19.8 billion in 2006, from US$15.2 billion in 2005. Though China Exim Bank does not report activities by region, there is clear evidence of significant and expanding operations in Africa.
II.D. Foreign Direct Investment: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
China’s direct investment in Africa, as reported by the National Bureau of Statistics of China, amounted to US$392 million in 2005, up from US$317 million in 2004. Data from other sources show significantly higher figures: in 2004, Chinese FDI was estimated to be more than US$900 million; total FDI in Africa was US$15 billion (Table 2). China’s Ministry of Commerce puts China’s direct investment to Africa for 2000–06 at US$6.6 billion. Among the 800 Chinese enterprises investing in Africa, only about 100 are state-owned. The rest are private businesses with interests ranging from trade, manufacturing and processing, services, and communications to agriculture and natural resource development.
III. C. Commercial Policies: THE ROLE OF CHINA’S PUBLIC SECTOR
Market access and trade policy are important in fostering China-Africa trade. The Chinese government in January 2005 implemented the Special Preferential Tariff Treatment (SPTT), which removes the tariff from some 190 items exported to China from 25 of the least developed countries in Africa.
IV. A. Private Traders: THE ROLE OF THE PRIVATE SECTOR
Mirroring its contributions to domestic economic activity, China’s private sector is in the forefront of the country’s external trade and investment expansion. However, its role in China-Africa economic relations has been much less appreciated, in part because there are no reliable data. Understanding China’s private enterprises (including those that are joint ventures and collectively owned) and their activities in Africa is important for assessing the evolution of trade and capital flows between China and Africa.
V. D. The Future of China-Africa Economic Relations: FACTORS INFLUENCING THE GROWING TIES
China’s growing role in Africa is not transitory. As China-Africa economic relations are increasingly based on trade and investment, and trade is based on more than just commodities, the relationship is likely to expand, along with economic growth in China and Africa. Economic relations are increasingly dominated by commercial ties rather than by aid considerations (Box 2).
CONCLUSION: What Drives China’s Growing Role in Africa?
This paper intends to provide an assessment, based on fractional information, of China’s economic involvement in Africa and to identify the forces shaping burgeoning China-Africa economic relations. The study is undertaken against the background of a rapidly changing landscape of international trade and finance that has eclipsed traditional aid flows to middleincome countries, making Africa ever more central for development finance.
Dollar Falls As China Buys Up Commodities! Euro & Aussie to Benefit!
China is stockpiling commodities as part of a reallocation of its sovereign wealth amid concern that its dollar assets may decline! China is one of the fastest growing nations on Earth right now. So, when China does something, the world listens.

China is unmoving on Internet controls
China maintains that it has the one and only say in Internet controls in its country. Not Google,or Secretary of State Clinton. China contends that it has the right to punish those that it finds to be using the Internet to subvert the governments Communist Party power and ethnic policies. This puts two majors powers at ends Beijing and Washington who already have a tug-of-war going over trade U.S. weapons sales to Taiwan and human rights
Marcus Asay An overview About Chinese Economic Development
As per the current global growth scenario and economic development of China, it has been discovered that China will start supplying the fuel. In long term means, it is a big generational move that will occur as China statistically recreate and reinvents itself.
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