Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335805 
Year of Publication: 
2023
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 61 [Issue:] 2 [Year:] 2023 [Pages:] 171-196
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
China's investment activities and infrastructure development in Africa under the Belt and Road Initiative ('BRI') have changed the prospects of economic cooperation between African countries and Asia's largest economy. Africa plays a prominent role in one of the key BRI corridors, which explains China's active engagement on the continent through the construction of hard infrastructure, port development and trade and investment activities. China is Africa's largest bilateral trading partner and foreign direct investor. This paper analyses China's investments and trade flows with Africa, the importance of African countries for the BRI and ChinaAfrica relations within the geopolitical triangle US-EU-Russia. We applied correlation analysis to assess the intensity of the relationship between FDI and trade and an autoregressive model to extrapolate import and export data for a given period with the aim of forecasting trends in the development of China - Africa economic relations. Empirical results indicate a strong correlation between China's FDI to African countries and their trade flows. The autoregressive model estimates a substantial increase in their trade flows, which, along with China's infrastructural development in Africa, suggests a change in the dynamics of their trade cooperation and in the geographical structure of African countries' foreign trade.
Subjects: 
China-Africa economic relations
BRI
Silk Road
ChineseFDI in Africa
JEL: 
014
L16
L52
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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