You asked: What natural resources does China want from Africa?

China wants everything from Africa: its strategic location, its oil, its rare earth metals, and its fish, leaving African nations indebted to Beijing. In its long history, Africa has served the global ambitions of many foreigners.

What does China benefit from Africa?

Growing trade with China increased Africa’s overall global trade, implying that trade creation outpaced trade diversion. Both gain, when China provides African countries with capital goods and cheap consumer goods, and African countries supply China with the commodities required to fuel its economic expansion.

What natural resources does China need?

China is increasingly dependent on imports for 95 percent of chrome, 90 percent of cobalt, 79 percent of gold, 73 percent of copper, 73 percent of iron ore and 67 percent of oil, the ministry’s website quoted Ju as saying.

What Africa exports to China?

China pledges 1 billion vaccine jabs for Africa amid growing fear about Omicron coronavirus strain. Africa’s exports to China are dominated by raw materials and unprocessed products such as oil, copper, iron and timber.

What is China’s goal in Africa?

China has four overarching strategic interests in Africa: access to natural resources, particularly oil and gas; markets for Chinese exports; political legitimacy; and sufficient security and stability to continue its commercial activities.

Which African country owes China the most money?

As of 2020, the countries in Africa with the largest Chinese debt are Angola ($25 billion), Ethiopia ($13.5 billion), Zambia ($7.4 billion), the Republic of Congo ($7.3 billion), and Sudan ($6.4 billion).

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