Chinese Premier: Trade with Africa will Double by 2020

 

Chinese Premier in Africa

Trade volume with Africa will double by 2020, Chinese Premier Li Keqiang told the African Union at the start of his week-long visit to the continent.
Chinese direct investment was also expected to quadruple to US$100 billion within that time, Li said in a speech delivered at the union’s Chinese-built headquarters in Addis Ababa, Ethiopia.
He also signed several trade and infrastructure deals, as well as shared visions of helping their citizens. Follow Rachelle Akuffo on Twitter @RachelleAkuffo

Ethiopia has been a major beneficiary of Chinese investments. Thousands of jobs have been created in the manufacturing sector. And shoe-making is one of the most successful China-Ethiopia partnerships. CCTV’s Girum Chala has more.

Todd Moss, Chief Operating Officer of the Center for Global Development, joined CCTV’s discussion on Africa’s economies.