China and Nigeria are multi-ethnic, multi-cultural and multi-religious countries. Both have enormous natural resources and great potentials that are yet to be fully harnessed. Both have histories of political and civil unrest. From independence to the mid-80s, Nigeria’s Gross Domestic Product (GDP) per capita was higher than China’s. From 1988 onwards, this has no longer been the
China-Africa relations is a topic that has sparked numerous debates,views and criticsms. Numerous pieces have been written on the matter and researches conducted even though most of them are Africa- based researches. Old Comrades and New Brothers: A Historical Re-Examination of the SinoZanzibari and Sino-Tanzanian Bilateral Relationships in the 1960s by Alicia N. Altorfer-Ong(2014), was used to understand early relations of the two countries in the early 60s. It shows how relations between the two countries began in the early years whereby this time period of the 60s though recieved very little or no attention scholarly speaking. Most of the works done The majorities of publications on that time perios are on the sphere of international relations
After achieving a long history of success, China’s cultural methods greatly influenced Japan, Korea, and also acted as a good example for many other countries in the world. China influenced Japan and Korea through religion, art, government, architecture, and much more. When China's influences took place with both Korea and Japan, the practices created similar/different societies using the same techniques. China had strong ties with Japan and Korea due to regional trading; it's apparent that the Chinese culture had a significant impression upon the cultures of both
The total import and export volume of China increased from $206 billion to $17607 billion. The massive changes are happing to a short time just after 2000, the rising of China takes China to the “Gilded Age”. In conclusion, both China and America concentrated on the development of the economic development and ignored the inequalities of society, economic and political and just make the countries into an ostensible and flashy prosperity and full of greedy and corruption in the government for a long time. But now they make great improvements to change it and become better
Notwithstanding, there are still opportunities for investment to grow in Nigeria. These opportunities abound in areas such as agriculture, construction technology, telecommunications, transportation, tourism, accommodation, food services, oil and gas, manufacturing, wholesale and retail trade, arts and entertainment. Hopes are flying high given that the effect of the global financial crisis has declined and the economy is recovering, hopefully, investing in Nigeria will become attractive to the domestic
China also has an interest in competition with developed countries to control the world of commodities, especially in oil and gas sector. The industrial company China's oil and natural gas that play an important role in to supply country's national energy needs such as CNPC (China National Petroleum Corporation), CNOOC, Sinopec, and PetroChina (Yudono,
That is, China has to face the transitional risks. Since the market of China is opened to the world as RMB internalization, the economy of China is highly correlated to the economy of the world. Thus, anything happened in the global financial market will have influence on the economy of China, especially the exchange rate market. If there is a difference between the nominal exchange rate and the real exchange rate, then there will be an arbitrage opportunity. This will stimulate the short-term speculative capital from the global investors to the exchange rate market and therefore have an adverse effect to the stability of Chinese economy.
Nigeria’s economic prospects were what fueled the passion of most politicians from both the North and South of Nigeria. This meant that when Nigeria finally gained independence these politicians made sure that there was no room for outside interference with how the country’s economy was run. Therefore, to understand the reason for the economical difference between Northern and Southern Nigeria in the fifteen years following independence one would have to examine the financial decisions and events that set Nigeria’s economy on a path that was nothing short of disappointing by the end of
However, China still has an advantage on Korea because most of its equipment and materials are made in China. In a lot of products that we use in Korea, we easily see “made in china” sign. The products made in china is their comparative advantage because they get access and make more goods and export them, which Korea doesn't necessarily have cheap labor to do so. For example $28.4 billion of electronic equipment, $10.5 billion of machines, engines, pumps, $8.9 billion of iron and steel, $4.1 billion of medical and technical equipment, $3.5 billion of products made out of iron and steel, $2.6 billion of organic chemicals, $2.3 billion of clothing, $2.1 billion of plastic, $2 billion of inorganic chemical, and $1.7 billion worth of of furniture, lighting and signs are being imported to
* China China is a huge market, attracting capital and technology through annual FDI here is always maintained at a high level, about more than 50 billion dollars a year. Most major US, European and Japanese electronics companies invest in China. According to general assessment, China has made full use of the effect of LTCN from FDI and the strategic absorption of enterprises with the strong support from the Government. With relatively cheap labor costs, China's fast-paced economy, China is becoming a leading competitor in Asia. In recent times, China has been an attractive destination for foreign capital and capital investors, as it has combined development factors such as the boom in information technology and services markets.