info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Luanda — Trade between China and Angola amounted to USD 2026 million (a year-on-year increase of 50.47%), according to a press release from the Angolan embassy in Luanda.
Actually, China’s rapid and increasing economic and commercial relationship with sub-Saharan Africa (SSA) has received increasing attention,and there is a need for empirical research on the opportunities and challenges for African economies that reflect these deepening relations.
In 2016, the value of trade between China and Portuguese-speaking countries fell for the second consecutive year, reaching USD 90 874 million, with a year-on-year contraction of 7.72%.
Among the whole Africa Continent, Africa’s trading relationship with China in general has seen benefits to the African consumer on the import side. Cheaper consumer goods, including everything from TVs to clothing, final products and production inputs have benefitted African consumers and, to an extent producers. In the manufacturing sector, the two key effects of China’s competitiveness on Africa often reported are the fact that 1) African countries face tough competition from China in third markets, and that, although less understood, 2) China’s competitiveness in the industry reduces domestic prices for both industry inputs and domestic consumers in African importing countries. Studies have shown that China has significantly reduced world prices for manufactures, and especially for wearing apparel and footwear.
More especially for Angola the Chinese imports are concentrated upon infrastructural equipment and supplies, and these are largely related to the construction supply chain, and thus in support of Chinese companies themselves. Here we suggest that the quality of the Chinese construction work is of at least an appropriate standard, and that it really is up to Angola itself to leverage more capacity building from the Chinese construction programmes.
