Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons 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 and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

II.E. Contract Labor and Other Services: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA

 
African Accounts - Meet The Authors
David , MicroCapital David Satterthwaite
MicroCapital
Ken , IREN Kenya Ken Teyie
IREN Kenya
United Nations , Resource United Nations Capital Development Fund
Resource
Gavin , Whythawk Ratings Gavin Chait
Whythawk Ratings
African Accounts - Meet The Authors
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 To learn more about this author, visit International Monetary Fund's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
V. A. Markets for Exports: AID VS. COMMERCE: FACTORS INFLUENCING THE GROWING TIES
  A silent feature of the recent developments in China’s economic engagement with Africa is that trade and other commercial activities have grown faster than aid flows.
What Drives China’s Growing Role in Africa?
  China’s fast-growing economic ties with Africa are attracting considerable attention. The relationship came into the spotlight during the summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing in Novem...
II.D. Foreign Direct Investment: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
  China’s direct investment in Africa, as reported by the National Bureau of Statistics of China, amounted to US$392 million in 2005, up from US$317 million in 2004. Data from other sources show significantly higher...
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 ...
IV. A. Private Traders: THE ROLE OF THE PRIVATE SECTOR
  Mirroring its contributions to domestic economic activity, China’s private sector is in the forefront of the country’s external trade and investment expansion. However, its role in China-Africa economic relations ...

Related Forum Posts Related Forum Posts
Help me name my moms business Help me name my moms business
Book: 101 Best Home Based Businesses for Women Book: 101 Best Home Based Businesses for Women
taxes in canada taxes in canada
Quickest Return on Investment Quickest Return on Investment
Military surplus Military surplus
Help me name my moms business Help me name my moms business
Seek Venture Capital & Funding Seek Venture Capital & Funding
Re: Invoicing Re: Invoicing

 
About the Author


International Monetary Fund
(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.
Have A Suggestion?

View Author's Video
Become An Author

Free Downloads


International Monetary Fund's

Complete
List Of
African-Accounts
Articles


First Name
Last Name
Email
 
If you enjoyed this article, get International Monetary Fund's Complete List of African-Accounts Articles For FREE!
Become An Author