China and Africa recently proclaimed a new mutually beneficial, political, and regional alliance. While China seeks sources for raw material and energy in order to support its feverish industrial and economic growth, African leaders are looking to work together with the Chinese to provide Africa with key structural infrastructure. However, some major projects were put to halt as CIF funds disappeared and it is unclear where the money went. As the price of raw material fell, the negotiating position of African countries have weakened with profits intended to repay Chinese loans are collapsing. This has caused tension to increase as China is worried about the risk. With the growth in Chinese demands for commodities slowing down and the prices of many raw materials falling; China’s hunger for agricultural goods may grow as China’s population expands and the middle class becomes richer. Will both economies move forward in partnership?

To know more about the Sino-African Fair Trade at dx@daxueconsulting.com.

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Herlene Somook is a creative entrepreneur and freelance writer based in Manila, Philippines. A graduate of AB Psychology, she was a Kumon Reading teacher for five years before jumping ship to the Business Process Outsourcing Industry, where she gained experience in Inbound Sales, Technical Support, Outbound Services, Lead Generation and Marketing. Today, she spends her time as the Head Writer and Content Strategist for NextStep Hub. She loves reading bedtime stories to her toddler son.