%0 Journal Article %T Analysis of China¡¯s Trade Relations and Its Impacts on the Guinean Economy %A Ly Tibou %A Fangmiao Hou %J Open Access Library Journal %V 4 %N 5 %P 1-11 %@ 2333-9721 %D 2017 %I Open Access Library %R 10.4236/oalib.1103482 %X
In this paper, we examine China¡¯s trade relations in Africa with particular emphasis on Guinea Republic, West Africa. The study also explores China¡¯s involvement in the Guinean economic sector, its impacts on the Guinean economy and the challenges these trade relations currently face. To attain this goal, we carry out a scientific review of published literature. Using this approach, we observed that China¡¯s trade relations in Guinea and Africa in general are on an upward trend where China mainly imports primary products and Guinea finished products. We also observed that these trade agreements have facilitated Guinea¡¯s participation in global international markets and have boosted the local economic growth and social development. Therefore, upscaling of China from a mere primary products importer to finished products importer, will go a long way to improve on the socioeconomic development and eradication poverty in rural Africa and Guinea in particular.
%K China-African Cooperation %K Guinea %K Economic Growth %K Social Development %K Poverty Alleviation %K Trade Relations %U http://www.oalib.com/paper/5283756