Sunday, September 17, 2006

China and India 'boosting Africa'

China and India's growing trade and investment in Africa holds great potential for African economic growth, a World Bank report has said.
The study found that, led by China and India, Asia now gets 27% of Africa's exports, triple the amount in 1990.

At the same time, Asian exports to Africa are now growing 18% per year, faster than any other global region.

The study says both China, India and African nations must improve their trade reforms to help boost this trend.

Read full story - China and India 'boosting Africa' via bbc news

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