Jump to navigation

Vol 6 (AAC) No 2

Published 1st December 2012


Beijing’s new team starts work

Xi Jinping’s government will gradually switch from export-led growth to focus on domestic investment but will still need Africa’s oil and minerals

The character of the new all-male leadership of China’s Communist Party announced on 15 November will prove at least as important for Africa’s political and business elite as the United States presidential elections held a week earlier. The reason is economics: bilateral trade between China and Africa increased to US$127.3 billion by the end of 2011 from just $8 bn. in 2000. US trade with Africa hit a record $104.1 bn. in 2008 but fell to $94.3 bn. in 2011. China’s gross domestic product increased fourfold during the past decade under the outgoing government of President Hu Jintao.

End of preview - This article contains approximately 1779 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.