PERFORMANCE AND PATTERNS OF AFRICAN
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ASIAN TRADE AND INVESTMENT FLOWS
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China. In 2004, FDI from South Africa to China increased
significantly to million, up from $26 million in 2002. In 2005, SAB Miller, the South
African
food and beverage company, announced plans to invest about million in China. Nigeria is another emerging African investor in China,
having more than doubled its FDI to China between 2002 and 2004. BOX 2.5
Dynamic Sectors in Chinese Outward FDI Worldwide, the largest proportion of China’s OFDI stock
is in the business sector, including mainly the investment inequity of companies outside China, accounting for 37 percent of the total value. Trade, mainly in the wholesale and retail sectors, amounts for 18 percent of China’s OFDI.
The mining sector, mainly oil and natural gas exploration and ferrous and nonferrous metal mining and quarrying, attracted $6 billion in Chinese investment, accounting for 13 percent of the total stock.
The transport, storage, and communications sector’s stock reached $4.6 billion, accounting for 10 percent of China’s OFDI, mainly in water transportation. The tertiary sector dominates China’s OFDI, accounting for 75 percent of total stock in 2004. It is noteworthy that investment in mining has increased rapidly in recent years.
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