Trade between China and African countries has grown more than 200 times since 1978

Trade between China and Africa in 2017 grew by more than 200 times compared to 1987 and reached $170 billion, finversia.ru writes. According to Ernst&Young, China's investment in Africa at the end of 2016 grew 100 times over a decade and amounted to 100 billion dollars. During the period from 2005 to 2016, China invested 66 billion 400 million dollars in this region and created 130 thousand 750 jobs. In 2016, China became the largest foreign direct investor in Africa. About 3 thousand 100 Chinese companies invest in African projects in the field of transport, electricity, telecommunications, industrial parks, water supply, education, medicine and agricultural centers.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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