Johannesburg – Africa’s trade with China grew by 72 percent in 2005, far quicker than the 30 percent growth registered with Europe, said Standard Chartered Bank on Wednesday.
Trade between China and Africa was worth $40bn, ten times higher than in 1995 said the bank.
Trade flourished after China scrapped import tariffs on 190 goods from 28 Africa countries.
Africa tends to ship raw materials to China, while the Asian giant sends back machinery and other hi-tech products. -BiA Online
Market news on your cellphone
Get live JSE listed shares, warrants, major indices, brent crude oil, international markets, agricultural futures & daily market analysis via SMS on your mobile.
Find out more...
Energy in
Africa
Energy in Africa is an intelligent and in-depth look at how energy impacts people, places, projects, price and development around the African continent. Subscribe now...
African Business Leaders Forum
African business and public sector leaders define and construct a prosperous future for the continent. Find out more...
Online travel bookings
Planning to travel? Book accommodation in Africa & South Africa here. Book now...
