China’s attraction to Africa is clear. Africa has great promise. It is well known that Africa is rich in a wide variety of minerals from oil to copper. Africa’s vast amount of land could fit the entire land mass of not only China but also India, the United States, Mexico, France, Italy and a number of other countries. Besides land, and more importantly, Africa has huge resources of water essential for bountiful harvests. China’s burgeoning economy is demanding more and more natural mineral resources whether it is oil, copper, nickel or gold. The demands of China’s more sophisticated diets means that imports of food is increasing as well. Africa’s exports to China are about 80 per cent raw materials like oil but increasingly it is also manufactured and agricultural such as Egyptian oranges, South African wines, Ghana’s cocoa beans, Ugandan coffee, Tunisian olive oil and more.
China is now Africa’s largest trading partner. Visit any shopping centre in any country in Africa and it is clear that China is flooding Africa with consumer goods, machinery, automobiles and electronic items. China has bilateral trade agreements with 45 African countries. Investment from China into Africa between 2003 and 2009 grew from $490 million to $9,300 billion.
http://www.businessdailyafrica.com/-/539546/1172524/-/nf8bog/-/
Commentary and analysis to persuade people to become socialist and to act for themselves, organizing democratically and without leaders, to bring about a world of common ownership and free access. We are solely concerned with building a movement of socialists for socialism. We are not reformists with a programme of policies to patch up capitalism.
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