|
|
Like this article? PLEASE +1 it! |
|
II.E. Contract Labor and Other Services: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
Written by: International Monetary FundArticle Overview: Africa is an important market for Chinese enterprises that contract for construction and engineering projects (roads, bridges, schools, shopping centers, housing and office buildings, water conservancy, and power plants).
![]() |
Free Download - References: Stock Market Development in Sub-Saharan Africa By International Monetary Fund |
II.E. Contract Labor and Other Services: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
Africa is an important market for Chinese enterprises that contract for construction and
engineering projects (roads, bridges, schools, shopping centers, housing and office buildings,
water conservancy, and power plants). Since 2000 Chinese enterprises have been contracted
to build more than 6,000 kilometers of roads,
3,000 km railways, and 8 large- and mediumsized
power plants in Africa. Official
Chinese statistics show that the sum of
“contracted projects,” “labor cooperation,”
and “design consultation” in Africa increased
from US$4 billion in 2004 to US$6.3 billion
in 2005. In 2006 the turnover on contract
labor service went up to US$9.5 billion,
representing 31 percent of China’s offshore
contracted projects and exceeding the total in
1998–2002 (PBC and CBD, 2007; Yang,
2004).
Within trade in services, two-way traffic is
growing particularly fast in tourism. By
September 2006, 17 Africa countries had
become destinations for Chinese citizens and
tourist groups. Namibia, Botswana,
Madagascar, Lesotho, and Ghana had been
added to the list of tourist destinations by the
Chinese government only in the two
preceding years. The number of African
tourists to China has been accelerating
(Figure 7).
IMF Working Paper
African Department
What Drives China’s Growing Role in Africa?
Prepared by Jian-Ye Wang
October 2007
|
About the Author: International Monetary Fund RSS for International's articles - Visit International's website The IMF is an international organization of 185 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment. Since the IMF was established its purposes have remained unchanged but its operations—which involve surveillance, financial assistance, and technical assistance—have developed to meet the changing needs of its member countries in an evolving world economy. Click here to visit International's website 31 Links Between the Operations of MFIs and Banks Donors and NGOs Microfinance in Africa Experience and Lessons from Selected African Countries V C Chinas Approach to Financing AID VS COMMERCE FACTORS INFLUENCING THE GROWING TIES 50 Conclusions Microfinance in Africa Experience and Lessons from Selected African Countries Social Safety Nets and Poverty and Social Impact Analysis VI A Macroeconomic Stability WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
A New Year in the Pharmaceutical Industry
Smart & Simple Internet Techniques
10 Steps to a Great Support Team
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



