Sino-Africa economic and trade relations: Its impact and implications on the African continent

Abstract

China’s phenomenal economic growth rate has seen the country rise to world leadership status, causing many analysts to ponder its regional and international intentions and goals. China’s unique position in the community of nations means that it is able to straddle both the developed and the developing worlds. Over the years, China has changed its policy from confrontation to co-operation, from revolution to economic development and from isolation to international engagement. Its investment is paying off now, mainly oil and other raw materials imports and a market for manufactured goods. China is now Africa’s third most important trading partner behind the US and France and ahead of the UK. While the expansion of trade and investment between Africa and China has generally been welcomed, concerns have been expressed about how China’s growing presence might impact Africa’s development. China might experience significant backlash from other world powers due to its involvement in African affairs. Their target might focus on Chinese products safety and quality, government system and protectionism policies than ever before. This paper aims to highlight the tight rope which Africa and China have to balance in their new found relationship to keep it on a win-win situation. Key words: Economic development, Sino-Africa, cooperation, growth.