today's Pick
China-Africa trade surpassed $200 billion in 2013
Publish Date: Feb 23, 2014
China-Africa trade surpassed $200 billion in 2013
The Kampala-Entebbe expressway is being constructed with the help of the Chinese government
  • mail
  • img
newvision

BEIJING - China-Africa trade totalled more than $200 billion last year, Chinese President Xi Jinping said, highlighting the Asian powerhouse's burgeoning trade and investment ties with the continent.

"In 2013, Chinese-African trade surpassed the $200 billion mark for the first time, making China Africa's biggest trading partner," Xi told visiting Senegalese President Macky Sall, adding that Chinese direct investment in Africa grew 44 percent.

"That all stands witness to the endlessly renewed vitality of Sino-African friendship, to the scale of the potential for co-operation and the excellent outlook for the new kind of Sino-African strategic partnership," Xi said at Beijing's Great Hall of the People.

Xi did not give an exact total.

But China-Africa trade has boomed in line with the Asian country's rise to become the world's second-biggest economy, which has been accompanied by a thirst for African natural resources to help fuel its growth.

Underscoring the continent's importance, Xi visited Tanzania, South Africa and the Republic of Congo as part of his first overseas tour after he become president in March last year.

But China's growing role has also sparked tensions in some countries.

In February last year, for example, the Zambian government seized control of a Chinese-owned coal company due to poor compliance with safety and environmental standards, its mines minister said. In 2012 workers at the mine killed a Chinese manager during rioting over work conditions.

Acclaimed primatologist Jane Goodall told AFP in a recent interview that China was exploiting Africa's resources just as European colonisers did, with disastrous effects

AFP

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Kagina is new executive director of UNRA
Allen Kagina has been appointed as the new executive director of the Uganda National Roads Authority....
Prayers held for fallen singer Harriet Kisakye
A funeral service is being held today at St. Gyaviira Catholic Church for fallen Ugandan musician Harriet Kisakye....
Museveni: Al-Shabaab already defeated
President Yoweri Museveni analyses the al-Shabaab war in Somalia and says the al-Shabaab force is already defeated....
Nepal quake death toll surges to 3,200
International rescue teams and relief supplies begin arriving in Kathmadu to help terrified and homeless survivors of the deadly quake....
Two protestors shot dead in Burundi clashes
Two protestors were shot dead on Sunday in clashes with police in Burundi''s capital, witnesses said, as protests escalated over a bid by the president to seek a third term....
They paid sh6m for one-week job in Dubai
Their dream was to work in Dubai where they hoped to earn big but as it turned out they had been conned. They parted with sh6m each to go to Dubai in search of greener pastures but after just a week working as porters at a construction site they returned - with nothing....
Do you support KCCA'S move to return city communter buses?
Yes
No
Can't Say
follow us
subscribe to our news letter