August 27, 2018
China Provides Africa Opportunity—and Risk
By J. Peter Pham
As underscored by the upcoming pageant, there is no denying that a great deal has changed in Sino-African relations since the first FOCAC summit in 2000. During the intervening years, China has gone from being a rather new and relatively marginal actor in Africa with a volume of trade worth only a little more than $10 billion in 2000 to the continent’s biggest economic partner with the total value of exports to the continent and imports from it amounting to more than $170 billion in 2017, a figure that represents an increase of 14 percent from the year before during a period when the commodity price index rose only a modest 7 percent (after having slumped in the wake of the 2008 global financial crisis).