China In Africa
FDI
China inward investment into Africa.
- Created by: Bethan3210
- Created on: 04-03-14 13:59
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- China In Africa
- China increased aid to African governments
- Cancelled US$10 Billion debt
- Offered debt relief to 31 African countries
- Discussions on zero-tariff trade
- Offered debt relief to 31 African countries
- Cancelled US$10 Billion debt
- Economic boom to be sustained, MUST find raw materials & new markets for manufactured goods
- 2003
- China overtook Japan - worlds 2nds biggest consumer of petroleum products after USA
- China increased aid to African governments
- China's focus simple
- Economic boom to be sustained, MUST find raw materials & new markets for manufactured goods
- Oil consumption forecast to grow 10% every year.
- China overtook Japan - worlds 2nds biggest consumer of petroleum products after USA
- Africa has (% of world)
- 90% Cobalt
- 90% Platinum
- 50% Gold
- 98% Chromium
- 64% Manganese
- 33.3% Uranium
- 64% Manganese
- 98% Chromium
- 50% Gold
- 90% Platinum
- 90% Cobalt
- Rich in diamonds
- More oil reserves than North America
- Estimated 40% potential hydroelectric power.
- 33.3% Uranium
- More oil reserves than North America
- China buys 1/3 oil from Africa
- E.g mainly Angola
- Invested £800 million to develop a new oilfield
- Sudan - built 1500km pipeline - invested at least £8 million
- China spending £1.2 billion on offshore oilfield in Nigeria
- China In Africa
- China increased aid to African governments
- Cancelled US$10 Billion debt
- Offered debt relief to 31 African countries
- Discussions on zero-tariff trade
- Offered debt relief to 31 African countries
- Cancelled US$10 Billion debt
- 2003
- China increased aid to African governments
- China In Africa
- China spending £1.2 billion on offshore oilfield in Nigeria
- Sudan - built 1500km pipeline - invested at least £8 million
- Invested £800 million to develop a new oilfield
- E.g mainly Angola
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