“Obama’s trip comes a little over two months after Chinese President Xi Jinping visited Africa. Chinese investments in Africa have grown steadily over the years that the United States has been engaged in Asia and the Middle East. Several private Chinese firms have also invested heavily in Africa. For example, Huawei, a leading global telecom services provider, has invested US$1.5 billion and employs 4,000 workers in Africa alone. The past decade’s trade figures also attest to China’s growing ties with Africa, having grown from just $9 billion in 2000 to $200 billion in 2012. That is more than double the US trade for last year, which stood at $95 billion.”

http://www.atimes.com/atimes/World/WOR-03-280613.html

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