Growing Competition No Threat To Dominance In African Markets
BMI View : China's attempt to increase its attractiveness as an African trading partner is in part a response to mounting competition in the region from India and Japan. Despite this competition, other Asian investors will struggle to displace dominant Chinese influence and we see China growing its presence in the east African frontier market over the coming decade.
Chinese Premier Li Keqiang is to visit four African countries this month - Angola, Ethiopia, Kenya and Nigeria - in his first visit to the continent since taking office in 2013. According to comments by Chinese officials, Li plans to sign several major cooperation agreements, covering a range of sectors, including oil, infrastructure, agricultural and socio-economic development.
Reshaping its African engagement...
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|Asia Pacific Oil Production, Consumption and Net Exports, 2008-2018|