WEF Africa Business Summit

China Monitor - Issue 8 - Jun 2006June 2006 – Issue 8

The World Economic Forum came to Cape Town, South Africa this past month. The key theme of this year’s WEF Africa Business Summit was China’s commercial engagement in the continent. A report generated by the organisation outlined a number of scenarios for China’s growth and the resultant impact of each on the African economy. China’s assertive and rapid move into African states’ economies is undoubtedly transforming the continent’s economic profile.

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China-Africa Relations

China Monitor - Issue 7 - May 2006May 2006 – Issue 7

President Hu Jinatao’s recent visit to Africa is yet another senior level visit to Africa by the Chinese leadership to the continent. Since 1998 – the year South Africa and China established formal diplomatic relations – all of the top Chinese leaders have paid visits to South Africa – unprecedented in terms of both seniority and frequency. The significant political emphasis that Beijing has placed in Africa has paid rapid dividends considering the speed at which China’s emerging multinational firms have established footholds in Africa’s economies. The political focus is inextricably tied to commercial relations between China and Africa.

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Chinese Energy Security

China Monitor - Issue 6 - Apr 2006April 2006 – Issue 6

China satisfies most of its energy requirements through its domestic coal resources. But as its industrial drive and rapid growth continues, China is importing over seven times the amount of oil it did a decade ago. Considering Beijing’s strive for energy security, Africa’s energy rich economies have thus risen in strategic importance. China now procures 28 percent of its oil and natural gas from Africa, with Sudan and Angola being the leading exporters to its economy.

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China-Africa Relations

China Monitor - Issue - 5 Mar 2006March 2006 – Issue 5

2006 is a significant year in South Africa-China relations. In January, the Government of the People’s Republic of China mapped its strategic relationship with the continent by releasing its White Paper on Africa. Mid-year, Premier Wen Jiabao is expected to pay his first official visit to South Africa further expanding upon the bilateral relationship and giving impetus to a stalled free trade agreement between the two countries. In the last quarter, the Forum on China Africa Co-operation (FOCAC) will be held in Beijing to coincide with the Pretoria and Beijing’s Bi-national Commission.

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