Advantages and disadvantages of Chinese investment in,and trade with,Africa
- Created by: Bethan3210
- Created on: 05-03-14 10:20
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- Advantages
- To China
- Development of new markets for Chinese goods
- No colonial background between C&A only aid projects. Investment well recieved.
- New links developed
- Trade between C&A totalled £30 billion in 2008
- Advantages & Disadvantages of Chinese investment in,and trade with, Africa
- To China
- Increasing influence & expanding access to natural resources China needs to support development.
- To China
- Development of new markets for Chinese goods
- No colonial background between C&A only aid projects. Investment well recieved.
- New links developed
- Trade between C&A totalled £30 billion in 2008
- To China
- To Africa
- Chinese companies employ local workers
- C investment building new factories and infrastructure across A
- Workers learning new skills
- C tried to offset trade deficits by offering favourable terms of trade for A products and providing aid.
- E.g Scrapping tariffs on 190 important goods from 28 of least developed A countries.
- 700 Chinese companies operate in 49 African countries.
- Advantages
- Advantages & Disadvantages of Chinese investment in,and trade with, Africa
- Disadvantages
- To China
- Economic migration of people from C to A countries to earn higher wages.
- Deflection of resources away from projects in C.
- Possible effects on Chinese economy and employment sectors
- To Africa
- Wages remain low
- Most A countries have growing trade deficit in C, in spite of tax-free trading agreements.
- Large-scale projects can lead to displacement of significant no of people from homes.
- China sometimes insists that workers from C are used on large construction project.
- Evidence in some areas of health and safety regulations being ignored
- To China
- To China
- Economic migration of people from C to A countries to earn higher wages.
- Deflection of resources away from projects in C.
- Possible effects on Chinese economy and employment sectors
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