Space Industry and Business News  
AFRICA NEWS
China's imports from Africa plummet in 2015: officials
by Staff Writers
Beijing (AFP) Jan 13, 2016


China's imports from Africa fell nearly 40 percent last year, officials said Wednesday, as low commodity prices and slowing growth in the Asian giant hit trade.

Imports from the continent fell to 440 billion yuan, some 38 percent lower than in 2014, China's Customs administration said.

Natural resources from Africa such as iron ore and oil have helped fuel China's economic boom, and it became the continent's largest trade partner in 2009, giving it growing diplomatic influence.

But growth in the world's second-largest economy has slowed to its lowest since the aftermath of the global financial crisis, punishing world prices for commodities -- the bedrock of African exports.

Economists say Chinese growth is becoming less dependent on heavy industry, further hitting demand for raw materials.

However, Chinese exports to Africa rose by about 4 percent to reach 670 billion yuan, officials said.

Oil exporters are expected to be hit especially hard. China said its imports from Nigeria slumped more than 50 percent by value last year.

Beijing said in November its direct investment in Africa dropped "more than 40 percent" to about $1.2 billion in the first six months of the year.

China's President Xi Jinping announced $60 billion of assistance and loans for Africa last month, signalling ongoing commitment to the continent despite the investment drop.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Africa News - Resources, Health, Food






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
AFRICA NEWS
Mali extends state of emergency until March 31
Bamako (AFP) Dec 31, 2015
Mali has extended by three months a nationwide state of emergency initially imposed following a deadly jihadist attack on a hotel in the capital in November, officials said Wednesday. The government on Monday submitted a bill authorising the fresh extension to March 31 "because of serious threats to the security of persons and their property", according to an official statement. The Nati ... read more


AFRICA NEWS
China chemical giant to acquire Germany's KraussMaffei

How seashells get their strength

Tech tethers dog lovers remotely to their pets

Thor's hammer to crush materials at 1 million atmospheres

AFRICA NEWS
Raytheon to produce, test Navy Multiband Terminals

ADS to build one of two satellites for future COMSAT NG system

Thales and Airbus to supply French military satellite communications

Elbit upgrades tactical intelligence capabilities for Asian country

AFRICA NEWS
Arianespace starts year with record order backlog

Russian Space Forces launched 21 spacecraft in 2015

Russian Proton-M Carrier Rocket With Express-AMU1 Satellite Launched

45th Space Wing launches ORBCOMM; historically lands first stage booster

AFRICA NEWS
Europe's first decade of navigation satellites

Indra will deploy navigation aid systems in 20 Chinese airports

China builds ground service center for satnav system

Galileo's dozen: 12 satellites now in orbit

AFRICA NEWS
Belgian aerospace company expands into Romania

Researchers Advance Propulsion Toward Low-Carbon Aircraft

Thousands protest over contested French airport site

Nigeria plans to procure three JF-17 multirole fighters

AFRICA NEWS
New Chips Ease Operations In Electromagnetic Environs

New material for detecting photons captures more quantum information

New bimetallic alloy nanoparticles for printed electronic circuits

Choreographing the dance of electrons

AFRICA NEWS
NOAA's GOES-S, T and U Satellites Are Shaping Up

NASA image: Haze hovers over Indo-Gangetic Plain

ASA Awards Letter Contract for Landsat 9 Imager-2

NASA analyzes Paraguay's heavy rainfall

AFRICA NEWS
Cost of cutting corners: US kids with lead poisoning

Tens of thousands of fish moved as Paris canal gets clean-up

Delhi court rejects challenge to car restrictions

Global mercury regulations to have major economic benefits for US









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.