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Home » China Is Africa's Biggest Trading Partner, But Not Its Largest Investor

China Is Africa's Biggest Trading Partner, But Not Its Largest Investor

January 21, 2015
The Economist

The African boom, which China helped to stoke in recent years, is attracting many other investors. The non-Western ones compete especially fiercely. African trade with India is projected to reach $100bn this year. It is growing at a faster rate than Chinese trade, and is likely to overtake trade with America. Brazil and Turkey are superseding many European countries. In terms of investment in Africa, though, China lags behind Britain, America and Italy.

If Chinese businessmen seem unfazed by the contest it is in part because they themselves are looking beyond the continent. “This is a good place for business but there are many others around the world,” says He Lingguo, a sunburnt Chinese construction manager in Kenya who hopes to move to Venezuela.

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KEYWORDS Africa import-export volume Business Strategy Alignment Food and Beverage foreign direct investment Global Logistics Global Supply Chain Management Global Trade Management international trade logistics services Middle East/Africa Supply Chain Analysis & Consulting supply chain management: Middle East/Africa The Economist U.S.-Africa commerce
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