Title:
CHINA-AFRICA ECONOMIC ENGAGEMENTS: IT'S IMPLICATIONS ON THE DEVELOPMENT OF AFRICA

Authors:
RINDAP MANKO ROSE

Volume:1 Issue: 1

Abstract:
China's spectacular economic progress has attracted the attention of the world in recent years, particularly Africa. African leaders have been concerned about bringing development to their economies and they have established relations with China to boost trade and investments. Politically, different memoranda of understandings (MOUs) have been signed by African leaders on different aspects of their engagements with China. Economically, Chinese state-owned enterprises have invested billions of dollars in foreign reserves, construction, and assisting African countries with mineral deposits in exploration to boost their exports. Also, African's penchant for cheap goods, have provided large markets for Chinese industries. This paper examines the extent to which China's engagement with Africa has produced mutual benefits for both countries. It assesses the issues that are inherent in the relationship, which have affected these countries from achieving mutual benefits. Finally, it suggested ways through which African leaders and policy makers can ensure Chinese trade and investment relations can bring tangible benefits for both countries.

Citation:

[ROSE, RINDAP MANKO. "CHINA-AFRICA ECONOMIC ENGAGEMENTS: IT'S IMPLICATIONS ON THE DEVELOPMENT OF AFRICA." IJAH Feb. 1.1 (2017): 1-13.]