With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP
With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP

Natural resources, oil to underwrite Chinese investment in Africa

Analysts say economic relations are strengthening as Beijing seeks to diversify its overseas spending away from heavy focus on Asian markets

With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP
With only 1 per cent of US foreign direct investment going to africa, Chinese firms have invested billions of US dollars in projects on the continent. Photo: AFP
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