Africa has long found itself on the wrong end of unbalanced business & trade relations with China, the US, the European Union and other major trading partners. And the current Sino-African business structure is still in the developing stage, driven by resource endowments as well as labor and the technological conditions that underscore the differences between China and Africa. The relationship is thus a normal economic phenomenon, an outcome of market choice.
Like other nations, China has a complete business & industrial chain for manufacturing. It imports large quantities of raw materials and exports manufactured goods. China exports merchandise to Africa and worldwide - merchandise that is on the whole of good quality at competitive prices, meeting the needs of Africans from all walks of life. Bilateral demand explains why China has been Africa's largest business & trading partner annually for the past four years. Bilateral trade volume has grown an average 30 percent annually over the past decade.
