Relations between Africa and China have increased over the year and become more dominated by China’s economic interests. With an annual growth rate of 8-9 per cent , and a booming economy, China’s dependency on accessing natural resources is a top priority and has accordingly expanded its horizons. Africa, with all its seemingly unlimited natural resources, is an ideal partner. In addition, the African continent as a whole offers a potential market for china’s low value manufactured commodities.
China Looks to Africa to Reduce Trade Dependence on the US
China may or may not succeed in transforming Africa into a substitute market. If it does, the bilateral trade relationship is likely to become more unbalanced and tilted in its own favour leading to greater exploitation of Africa.