PRC expansion to the African raw materials and fuel markets

L. V. Degteva (degteva19@mail.ru), A. O. Paleev (antonbegin@mail.ru) and E. A. Myakota (dtprepod@yandex.ru)

Russian Journal of Industrial Economics, 2015, issue 1

Abstract: The present article describes the key issues of Chinese expansion on the oil and raw materials market of African region. Considering that Chinese People’s Republic economic welfare demonstrates the diligent tendency to active growth, all relevant issues become subject for study and deep research. In last decades China intensified the rates of its economic development and finally skyrocketed to the level of the most developed and economically successful countries. The policy of active international cooperation, rapid technological progress, wide range of developingprograms and fair reputation of China made the African region favorably disposed for economic expansion spreading to various segments of market. Undoubtedly, Chinese presence on the African economic field will cause different consequences for the region. The article analyses advantages and disadvantages of the expansion, describes position of leading economists in this field.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2015:id:261

DOI: 10.17073/2072-1633-2015-1-108-111

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