The annual report of the Centre for Chinese Studies, China-Africa Relations 2015, highlights the development of China-Africa relations including changes and achievements of the Centre during 2015. This annual report is a palette of key events and developments in China-Africa relations in 2015 and the CCS activities on and around these developments
China’s engagement with Africa in 2015 was a year of contradictions. On the one hand, the Forum on China-Africa Co-operation (FOCAC) – a summit held in Johannesburg in December and attended by most African heads of state, as well as Chinese president, Xi Jinping, resulted in China offering a whopping US$ 60 billion in development finance to Africa. Additionally, China has extended US$ 6.5 billion (ZAR 94 Billion) to South Africa (rail, transport, electricity, renewable energy). This sum is unprecedented insofar as it is triple the amount doled out in the previous FOCAC meeting in 2013. On the other hand, China’s domestic economy in 2015 has faced challenges – with its economy reaching the slowest rate of growth in a quarter of a century (although, at 6.9 per cent still impressive by most standards). As China’s predominant imports from Africa are raw materials, this is having a significant impact on African economies. In light of this, the unprecedented assistance offered to Africa during this time of economic stress has signalled China’s continued long-term commitments toward the African continent.