RAS History & PhilologyAsia and Africa Today

  • ISSN (Print) 0321-5075
  • ISSN (Online)2782-2389

ASIAN MODEL OF EXPORT FINANCING: PRACTICE OF CHINA IN SUB-SAHARAN AFRICA

PII
S0321-50750000616-3-1
DOI
10.31857/S50000616-3-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue №11
Pages
58-64
Abstract
China is one of the world largest exporter of goods and services. Within last decade and a half China’s share of world exports has increased by 4 times (from 3% in 2000 to 12% in 2014). In absolute value the meaning of Chinese exports has grown by almost 10 times (from $0.24 billion to $2.34 trillion).One of the most successful vectors of China’s foreign economic policy was cooperation with the countries of «the South». It’s based, in fact, upon fundamentally new strategy. This strategy involves the rejection of the nomination of political conditions (except non-recognition of Taiwan’s status), mutually beneficial and pragmatic cooperation, conspicuous deve-lopment of partnerships at the highest level. It also combines the planning and coordination from the «top», as well as flexible policy toward trade balance with the partner country and active application of preferential financing conditions.
Keywords
state support for exports, export credit agency, the Export-Import Bank of China, China’s foreign trade policy, Sub-Saharan Africa
Date of publication
01.11.2016
Number of purchasers
1
Views
1372

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