https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

China's Xi hopes to strengthen ties with Africa on first trip

25th March 2013

By: Sapa

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

China's new President Xi Jinping pledged on Monday to strengthen his nation's ties with Africa during his first trip to the continent.

Addressing the Tanzanian parliament during the new leader's first official tour abroad, Xi said China's trade with Africa has exploded, reaching some 200 billion dollars in 2012.

Advertisement

Xi, who officially became president on March 14 and arrived in Africa from Russia, also noted that China's direct investment on the continent was on the rise.

Nearly a third of China's trade with Africa is with South Africa, the continent's economic powerhouse.

Advertisement

Xi will head to Pretoria next, where he will meet South African President Jacob Zuma, before travelling to Durban for a Brics summit with leaders from Russia, India and Brazil.

The BRICS grouping is expected to launch a new bank as an alternative to Western dominated institutions like the World Bank and International Monetary Fund.

China, initially seen as a counter-balance to traditional Western trade partners, has come under some criticism in Africa - including from Nigeria's central bank chief, who recently warned that Beijing would keep the continent underdeveloped.

But in Tanzania, a poor country that has some coal and iron ore deposits, the government remained focused on China's positive contribution, including building a railway network.

Moreover, the Asian giant is an increasingly important consumer not only of minerals and energy such as African oil but also agricultural products, like Tanzanian fruit.

Analysts said choosing the East African nation as the first stop was meant to signal Beijing has deeper interests in Africa than just the short term purchase of raw materials.

Xi will conclude his African trip in the Republic of Congo, one the least developed countries in the world, where many regions lack a proper road network.Author: Shabtai Gold

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now