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The rise of china and India in Africa; From an economic perspective
This means that, the trade between the two sides has been rising
at 40% per year, with over 480% increases in clothing imports from

China between 2003 and 2014 .
(34)
According to the World Bank, China surpassed the United States,

as Africa’s largest trade partner in 2009. China is a specified place for
15 to 16 percent of sub-Saharan Africa’s exports and the source of

14 to 21 percent of the region’s imports. While the majority of Af-
rica’s exports to China are comprised of mineral fuels, lubricants,

and related materials, it also exports iron ore, metals, and other com-
modities, as well as small amounts of food and agricultural products.

China exports a range of machinery, transportation, communications
equipment, and also manufactured goods to African countries .
(35)

China’s investment relations with Africa

Over the past decade, The Chinese FDI annual flows to Africa, or
OFDI (“Overseas Foreign Direct Investment”), have fluctuated, and

the majority modern white paper on China-Africa Trade and Eco-

nomic relations noted that, between 2009 and 2012, China’s direct
investment in Africa jumped at an annual rate of 20.5%. The rate
reached in 2008 at $5.5 billion (while this was a purpose of the pur-

chase of 20% of the shares of Standard Bank in South Africa). 2008

was also the single year in the last ten years where Chinese FDI flows
to Africa exceeded those from the U.S. The top 5 African countries
of Chinese FDI in 2014 were; Algeria, Zambia, Kenya, Republic of

Congo, and Nigeria, and Algeria accounted for more than 20% of all

Chinese FDI flows to Africa in 2014 .
(36)

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