Any fake product is now nicknamed “mchina”. It is very
famous term in our country
Tanzania.
The Chinese investments in Africa based on minerals, construction and trading in most
cases, it has been noted. She has also invested in energy security in order to
support its long term growth. As oil is a major import for China, it has
been investing in refinery projects across the African continent. “Algeria, Sudan,
Chad, Niger and Nigeria all have oil refinery
projects funded by Chinese firms, with the Nigerian project worth $23bn alone” said
Tarling-Hunter.
In the other direction, China's growing thirst
for raw materials lead African state-owned enterprises to the country them
natural resources, such wood and minerals (like those from the Gabonese
forests). By the end of the 1990s, China had become interested in
African oil, too.
Over time, African laws adapted to China's demand,
laws intended to force the local transformation of raw materials for export.
This led to a new kind of manufacturing in Africa,
managed by the Chinese, with African workers producing exports for Chinese.
In trading China
export read made goods of very low quality in Africa.
In most cases she export to Africa products such cups, forks, cellular phone,
radio, television sets and umbrellas to Africa Indeed, African society has a
screaming need for cheap goods in large quantities. China's manufacturing industry is
truly complementary to African markets, often producing more cheaply than most
African manufacturers can, and with better quality. Cheap Chinese clothes and
cheap Chinese cars at half the price of western ones allow African customers to
suddenly rise up the purchasing power.
In the other direction, China's growing thirst
for raw materials lead African state-owned enterprises to the country them
natural resources, such wood and minerals (like those from the Gabonese
forests). By the end of the 1990s, China had become interested in
African oil, too.
The business between
China and Africa
is doing better, during the year 2011; the trade increased a staggering 33%
from the previous year to US $166 billion. This included Chinese imports from
Africa equaling US $93 billion, consisting largely of mineral ores, petroleum,
and agricultural products and Chinese exports to Africa
totaling $93 billion, consisting largely of manufactured goods.
Outlining the rapidly expanding
trade between the African continent and China, trade between these two
areas of the world increased further by over 22% year-over-year to US $80.5
billion during the first five months of the year 2012. Imports from Africa
were up 25.5% to $49.6 billion during these first five months of 2012 and
exports of Chinese-made products, such as machinery, electrical and consumer
goods and clothing/footwear increased 17.5% to reach $30.9 billion. China
remained Africa's largest trading partner
during 2011 for the fourth consecutive year (starting in 2008). To put the
entire trade between China
and Africa into perspective, during the early
1960s trade between these two large parts of the world were in the mere
hundreds of millions of dollars back then. These data are according to wikipedia.
Chinese also invested more
construction companies in Africa. They are good
tender winners in most of African big constructions such as roads, bridges and
buildings and many others.
In Nigeria they constructed a railway line
from Lagos to Kano, which cost US$ 8.3b, 11,000. In
Angola and Zambia they constructed
Benguela railway line built with the
British and linking Zambia and RDC's copper mines to Angola's Atlantic port of
Lobito, was to
be rebuilt by the Chinese company
CIF (the project was canceled after US$3b
disappeared). China is the world largest consumer of copper; In
Guinea 2006, a free of charge
industrial 'packtage' including: one mine, one dam, one hydroelectric central,
one railway, and one refinery was proposed to the Guinea bauxite/aluminum
industry by China, funded by the
EximBank, which will get repaid by purchasing
alumina
at apreferential price. In
Algeria
they constructed a 1,000 km freeway.
Tanzania and Zambia decades ago, the
1860 km Tazara railway is completed in 1976, with 47 bridges and 18 tunnel
made by 50,000 Chinese workers. In
Sudan, Chinese
constructed a pipeline and oilfields; Port
Sudan completed within 2 years.
And in Congo they constructed barrage
d'Imboulou. Information is for the assistance of
Wikipedia.
The opportunities to Africans
China's
oil purchases have raised oil prices, boosting the government revenues of oil
exporters like Angola, Gabon and Nigeria, while hurting the other
oil-importing African countries. At the same time, China's raw materials purchases
have increased prices for copper, timber, and nickel, which benefit many
African countries as well.
The challenges to Africans
following China-Africa relations are on the fake products. The products do not
stay long, and in most cases they have inside effects to the users.
Challenges
Many Africans do not afford to
buy highly quality products from Europe and America despite the fact that they
are quite sure the products are bests. These are the great challenge because
they need product while they don’t have enough money to buy the standard ones
as the result they rush for Chinese ones.