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China + Africa. An exploration of the value of Sino-African trade relations. Is this China?. Or is this China?. …or this?. …Maybe this?. …Maybe he is China?. All of these are China and more!. History of Trade. Chinese artifacts found in Africa from 960 Exploration by Zheng He 1416
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China + Africa An exploration of the value of Sino-African trade relations.
History of Trade • Chinese artifacts found in Africa from 960 • Exploration by Zheng He 1416 • Visited Africa twice out of seven trips • Treasure ships • Period of isolation from 1600s until 1911
Why Establish Relations with Africa? • Mao sought an independent China • Against dominating and ‘western’ influence • Assisted countries with freedom struggle • TanZam Railroad • United Nation vote • Over one third from African countries
China’s Trade Policy • Mutual respect for each other’s territorial integrity • Non-aggression • Non-interference in each other’s internal affairs • Equality and mutual benefit • Peaceful coexistence
Deng Xiaoping • Socialism with Chinese characteristics Successful economic reforms • Household-responsibility system • Four Modernizations • Agriculture • Industry • National Defense • Science & Technology
A Fast Growing China • Approximate population: 1.3 billion (July 2010 est.) • Fast economic growth fuels need for natural resources • Oil, timber, natural gas
China’s Aid Investments • China spurs growth in countries where traditional forms of aid aren’t willing to invest • Examples: Sudan, Zimbabwe
Oil imports • 1993 importing oil • Tried to access recognized producers • Untapped location in need of infrastructure
China’s oil statistics • 3.5 million barrels per day (2006) • 13.1 million barrels per day (2030) • Africa’s oil exports • China imported 9% • United States imported 33% • China is the second largest oil importer in the world
China’s other imports • 2008 Worlds top consumer • Timber • Zinc • Iron and steel • Lead • Aluminum • Nickel • Copper • As well as tin, coal, cotton, and rubber.