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The Strategic Entry of China's Emerging Multinationals into Africa

Lucy Corkin is in Projects Director, Centre for Chinese Studies, University of Stellenbosch, P.O. Box 3538, Matieland 7602. E-mail: lcorkin{at}sun.ac.za

China's relations with Africa have grown exponentially over the past decade. During the 1990s, Sino-African trade grew by 700 per cent and many high-level visits occurred from 1995. China's heightened political interest in Africa has paved the way for the entry of Chinese companies of all sectors into Africa's economies. The entry of Chinese companies into Africa, largely state-directed in nature, is spurred on by the need for energy security and new markets, as well as specifically political objectives. Their engagement in Africa, though not without its challenges, has the potential to benefit both African countries and Chinese commercial interests.

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