FOCAC : trade, investments and aid in China-Africa relations
Date
2012-05
Authors
Cisse, Daouda
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Chinese Studies, Stellenbosch University
Abstract
Under the label of South-South cooperation in the era of economic globalization, China has shown great interest in Africa. In 2000, to formalise bilateral engagement, minimise the discourses sur-rounding China’s relations with Africa and to strengthen Sino-African cooperation, Chinese and Afri-can leaders have established the Forum on China-Africa Cooperation (FOCAC/中非合作论坛). This was announced as the basis of a strategic partnership in the new millennium between China and Africa. To develop economic cooperation and trade ties is the centrepiece of the setting up of the forum. Since the late 1990s/early 2000 through China’s “go out” policy, Sino-African trade has experienced unprecedented growth. From a mere US$ 2 billion in 1999, Sino-African trade has now reached US$ 160 billion, making China a leading trade partner for Africa. China’s economic cooperation with Africa is also fuelled by investments and aid.
Description
CCS Policy Briefings are drawn from the published reports and other material produced by the Centre. They aim to highlight specific recommendations and outcomes from the larger reports and present them in a concise, easily consumable format.
The original publication is available at http://www.sun.ac.za/ccs
The original publication is available at http://www.sun.ac.za/ccs
Keywords
Globalization -- Economic aspects -- China, Globalization -- Economic aspects -- Africa, Sino-African trade, International relations, South-South Cooperation, Development Assistance, Globalization -- Political aspects, FOCAC, Foreign iInvestment, Economic partnerships
Citation
Cisse, D. 2012. FOCAC: trade, investments and aid in China-Africa relations. CCS Policy Briefing - May 2012. Stellenbosch University: Centre for Chinese Studies.