China's evolving African trade

Standard Bank’s Craig Polkinghorne and Tee Chong Ong talk about Asia’s evolving trade relationship with Africa.

China's evolving African trade
Commerce at San Pedro port, Ivory Coast (Source: AFP)

Trade between Africa and the Bric countries -- Brazil, Russia, India and China -- has grown 10-fold over the past decade. The value of total transactions increased to about $166 billion by the end of 2008 from $16 billion in 2000. Now the flavour of the month is Sino-African trade.

South Africa's Standard Bank is positioned to take advantage of China's, in fact Asia's, appetite for Africa. The institution is widely regarded as the bank of choice for...

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