ECONOMICS MADE SIMPLE: The Sino-Africa economic relationship as it stands

It is important to understand the kind of partner that African countries are dancing and dealing with. Economically China is an emerging market and a very rapidly upcoming dynamic global economic power house. It is endowed with huge population that offers unmatched labour force and market. It is an economy that is considered to be the workshop of the world that produces a substantial amount of goods consumed across the globe. This Dragon of Asia has a relatively weak and arguably artificially fixed currency, the Yuan. This makes Chinese exports relatively very competitive when denominated in such major and vehicle currencies as the green back and Sterling Pound. It is an economy that prior to the 2008 global financial and economic crisis had unmatched and overheating growth of double digits. It is an economic powerhouse that is very resource-thirsty and hungry.

ECONOMICS MADE SIMPLE: The Sino-Africa economic relationship as it stands

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