n Without Prejudice - Crossing borders - China and Africa : financial law
|Article Title||Crossing borders - China and Africa : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2012|
|Pages||46 - 47|
China's recent engagement with Africa is nothing new; it never left the continent. The noticeable impact on the performance of African economies is underpinned by the growing strategic partnership between China and Africa. According to official Chinese figures, it had invested $40bn in more than 50 African countries by the end of 2010; benefiting over 2 000 enterprises. In 2010, direct investment in Africa from Chinese firms' amounted to $2.11bn, up by 46.8% year-on-year.
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