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China’s investment is fueling African growth SINCE 2000,driven by the Forum on China-Africa Cooperation,China’s foreign direct investment(FDI) in Africa has been growing rapidly.In the face of the global financial crisis,which led to global FDI flows falling,China’s investment in Africa has been on a steady, upbeat rise without any interruption.In 2009,China’s direct investment in Africa reached $1.44 billion,of which nonfinancial direct investment soared by 55.4 percent from the previous year.Africa
China’s investment is fueling African growth SINCE 2000, driven by the Forum on China-Africa Cooperation, China’s foreign direct investment (FDI) in Africa has been growing rapidly. In the face of the global financial crisis, which led to global FDI flows falling, China’s investment in Africa has been a steady, upbeat rise without any interruption. In 2009, China’s direct investment in Africa reached $ 1.44 billion, of which non-financial direct investment soared by 55.4 percent from the previous year.