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Trade with Africa to grow

China aims to overtake the EU as Africa’s most important trading partner by 2030 and will further strengthen its trade with the continent, according to a study by the British Economist Intelligence Unit (EIU). Among other things, the People’s Republic is particularly interested in Africa’s mineral resources, which are considered a vital source of food imports. Because of its young population, Africa is also attractive to companies in manufacturing industries, which can find cheap labor and an attractive and growing market for consumer goods.

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