Economics - China - Panafrica - United States - Trade
Africa’s success in avoiding the worst of the economic crisis that has swept the industrialized world has been due in large part to the remarkable growth of trade and investment with China, India, Brazil and other “emerging” developing countries. In the last three years Africa’s trade with China has doubled, reaching $106.7 bn in 2008. While China dominates in terms of sheer numbers, trade and investment with other emerging markets, such as Brazil, India and Malaysia, has also been rising sharply, reducing Africa’s dependence on traditional partners in Europe and the US and fuelling the continent’s impressive growth in recent years.

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