The Changing Africa-China Economic Relations and African Development

by Euforic Services on Jul 03, 2008

Presentation by Jian-Ye Wang (IMF) at the 6th Brussels Development Briefing - Brussels, 2 July 2008

Presentation by Jian-Ye Wang (IMF) at the 6th Brussels Development Briefing - Brussels, 2 July 2008

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The Changing Africa-China Economic Relations and African Development — Presentation Transcript

The Changing Africa-China Economic Relations and African Development Jian-Ye Wang International Monetary Fund

The recent developments reflect a structural shift in international trade and finance

Growth in Africa has picked up, owing importantly to expanded trade and foreign investment

Africa’s exports to China are soaring as its terms of trade improve (billions of US dollars)

China is increasingly contributing to Africa’s export growt h (percent of Africa’s total annual export growth)

Africa: Composition of exports (percent of total exports to selected markets)

Africa: Composition of imports (percent of total imports from selected countries)

Other two-ways flows