The Growing Relationship Between China and Sub-Saharan Africa

China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with Chinese c...

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Main Author:	Zafar, Ali
Format:	Journal Article
Published:	World Bank 2012
Subjects:	benchmarks bilateral trade consumers development assistance development strategy economic boom economic complementarities economic cooperation economic expansion economic power economic size exports industrialization macroeconomic management natural resources purchasing power real gdp technical assistance telecommunications trade liberalization
Online Access:	http://hdl.handle.net/10986/4406

id	okr-10986-4406
recordtype	oai_dc
spelling	okr-10986-44062021-04-23T14:02:17Z The Growing Relationship Between China and Sub-Saharan Africa Zafar, Ali benchmarks bilateral trade consumers development assistance development strategy economic boom economic complementarities economic cooperation economic expansion economic power economic size exports industrialization macroeconomic management natural resources purchasing power real gdp technical assistance telecommunications trade liberalization China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with Chinese companies importing oil from Angola and Sudan, timber from Central Africa, and copper from Zambia. Demand from China has contributed to an upward swing in prices, particularly for oil and metals from Africa, and has given a boost to real GDP in Sub-Saharan Africa. Chinese aid and investment in infrastructure are bringing desperately needed capital to the continent. At the same time, however, strong Chinese demand for oil is contributing to an increase in the import bill for many oil-importing Sub- Saharan African countries, and its exports of low-cost textiles, while benefiting African consumers, is threatening to displace local production. China poses a challenge to good governance and macroeconomic management in Africa because of the potential Dutch disease implications of commodity booms. China presents both an opportunity for Africa to reduce its marginalization from the global economy and a challenge for it to effectively harness the influx of resources to promote poverty-reducing economic development at home. 2012-03-30T07:12:33Z 2012-03-30T07:12:33Z 2007-03-01 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/4406 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank Journal Article Africa East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	benchmarks bilateral trade consumers development assistance development strategy economic boom economic complementarities economic cooperation economic expansion economic power economic size exports industrialization macroeconomic management natural resources purchasing power real gdp technical assistance telecommunications trade liberalization
spellingShingle	benchmarks bilateral trade consumers development assistance development strategy economic boom economic complementarities economic cooperation economic expansion economic power economic size exports industrialization macroeconomic management natural resources purchasing power real gdp technical assistance telecommunications trade liberalization Zafar, Ali The Growing Relationship Between China and Sub-Saharan Africa
geographic_facet	Africa East Asia and Pacific China
description	China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with Chinese companies importing oil from Angola and Sudan, timber from Central Africa, and copper from Zambia. Demand from China has contributed to an upward swing in prices, particularly for oil and metals from Africa, and has given a boost to real GDP in Sub-Saharan Africa. Chinese aid and investment in infrastructure are bringing desperately needed capital to the continent. At the same time, however, strong Chinese demand for oil is contributing to an increase in the import bill for many oil-importing Sub- Saharan African countries, and its exports of low-cost textiles, while benefiting African consumers, is threatening to displace local production. China poses a challenge to good governance and macroeconomic management in Africa because of the potential Dutch disease implications of commodity booms. China presents both an opportunity for Africa to reduce its marginalization from the global economy and a challenge for it to effectively harness the influx of resources to promote poverty-reducing economic development at home.
format	Journal Article
author	Zafar, Ali
author_facet	Zafar, Ali
author_sort	Zafar, Ali
title	The Growing Relationship Between China and Sub-Saharan Africa
title_short	The Growing Relationship Between China and Sub-Saharan Africa
title_full	The Growing Relationship Between China and Sub-Saharan Africa
title_fullStr	The Growing Relationship Between China and Sub-Saharan Africa
title_full_unstemmed	The Growing Relationship Between China and Sub-Saharan Africa
title_sort	growing relationship between china and sub-saharan africa
publisher	World Bank
publishDate	2012
url	http://hdl.handle.net/10986/4406
_version_	1764391222976184320

The Growing Relationship Between China and Sub-Saharan Africa

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