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To Promote The China Factor As An Important Engine Of Economic Growth In Africa

Posted on: August 31, 2011

12, in 2007, the African Development Bank Group annual meeting of the Registry, the Minister of Planning and Development Côte d'Ivoire, Paul? Anduowaer took out their use of a "Huawei" mobile phone, to explain the economic growth of China's important for Africa sex.

"This phone's price performance of Europe and the United States than in the same cell phone a lot cheaper, selling well in Côte d'Ivoire. Chinese products

Cheap, not only to meet the needs of the African consumer goods, but also greatly reduces the cost of economic development in Africa, "Anduowaer said," for Côte d'Ivoire and other African countries, China has become important trading partners. "International Monetary Fund recently released" African Economic Outlook Report "that 2006 economic growth in Africa, 5.8%, to reach the last 30 years, the highest level; 2007, Africa's economic growth forecast of 5.9%.

Non-annual meetings to attend the OECD Development Centre Director, Loka? Card that adopted in the past two years, the economic development of Africa, and China has much to economic growth.

In 2006, the China-Africa trade volume reached 55.5 billion U.S. dollars, up 40%, of which China imports 28.8 billion U.S. dollars from Africa, up 43%.

In addition, China is still within the framework of China-Africa Cooperation Forum, 28 originating from Africa, the least developed countries to 190 categories of products implemented zero tariff, the last year alone the value of African exports to China benefit from the goods reached 2.5 billion.

World Bank Africa Region Economic Advisor Broadman recently released a report entitled "Africa's Silk Road: China and India's New Economic Frontier," a research report that China is Africa's economy, "the new dawn."

The economists believe that China-Africa trade and non-significant increase in direct investment, to better promote African economic integration with the world economy. Therefore, "China in Africa's economic activity will sink the continent out of position for many years."

Chinese Academy of Social Sciences Office of African Studies, said He Wenping, director of reform and opening up, China's contribution to world economic growth rate of 14% annually. With the economic and trade cooperation between China and African countries, rapid development, more and more African countries to share China's economic growth.

According to statistics, as of the end of 2006, China's total investment in non-all 11.7 billion U.S. dollars, to help Africa implemented nearly 900 projects.

In the field of infrastructure construction even more significant for China-Africa Cooperation. Since 2000, Chinese enterprises in Africa, more than 6000 km on highway construction contract, the railway more than 3000 km, and medium-sized power station 8, not only for African countries to reduce the project cost, to create employment opportunities, but also enhance the economic development of African countries in the development of autonomy capacity.

In addition, China has also trained various professionals in Africa 15 000 people, nearly 20,000 African students to study in China to provide scholarships, sent 16,000 medical team trips to Africa, diagnosis and treatment of patients with nearly 180 million people.

According to the Chinese Government's goal, the 2010 China-Africa trade volume will reach 100 billion U.S. dollars.

Source: www.articlesbase.com

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