China’s recent push into Africa is driven by a desperate need to find oil and industrial raw materials to feed its resource-guzzling, and the world’s fastest growing, economy. China’s economy has grown by an average of 9 per cent per annum in the last 25 years and its energy consumption has doubled and outstripped domestic energy production. Within the decade from 1990 and 2000, China’s combined share of the world’s consumption of aluminium, copper, nickel and iron ore more than increased from 7 per cent to 15 per cent and has been rapidly growing. Rapid industrialisation has also led to industrial overproduction and Chinese firms are equally in need to cultivate new export markets for their manufactured goods.
Africa Practice
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