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
PRESIDENT Yoweri Museveni has expressed sadness at the loss of lives in West Africa due to the Ebola outbreak and said that the people of Uganda stand with their brothers and sisters...
Minister orders musician’s arrest over x-rated video
IRRITATED by the recently released X-rated music video of little known city singer Panadol Extra, Fr. Simon Lokodo, the Minister of Ethics and Integrity, ordered the arrest of the singer...
THE highly contagious Ebola virus, which has killed more than 4,500 people in west Africa since December and has fueled global alarm...
Ugandan rebels spread fear with DR Congo massacres
You sent soldiers to wipe us out, but here we are." That was the chilling message from Ugandan rebels during the latest massacre in the northeastern Democratic Republic of Congo, according to one survivor...
Mbabazi steps aside as NRM secretary general
National Resistance Secretary General, Amama Mbabazi, has taken leave of absence from office....
Makerere university students strike
Makerere university students have gone on strike protesting a hike in graduation fees....
Do Ugandan tycoons prepare their children to take over their business empires?
Yes
No
Can't Say
follow us
subscribe to our news letter