• In Q1 2010, China achieved impressive annualised growth of 11.9%, with India following behind at 7.2%. Statistics for the rest of the BRIICS countries were not yet released at the time of publication
  • The BRIICS economies again diverged in the speed of recovery from the global financial crisis. While China, India, Brazil and Indonesia achieved impressive GDP growth in Q4 2009 with even greater growth expectations for Q1 2010, the economies of Russia and South Africa have lagged behind

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Encouraged by China’s ‘go abroad’ policy, government financial support, growth in both consumption and in resource demand, and by the need for external assistance to foster African economic development, the China-Africa relationship has entered a new phase in 2010. In the first quarter of the year, trade and investment activity has increased further. A series of high level official visits—to include three senior Chinese officials visiting 11 African countries, and trips by Zimbabwean and South African leaders to Beijing—has increased mutual political affinity and strengthened bilateral relations. By Jackie Li.

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Total China-Australia trade grew by 9% y-o-y in 2009, and the first quarter of 2010 was characterised by the signing of multi-billion trade contracts, iron ore negotiations and investment deals. With the resumption of free trade discussions, Beijing and Canberra have reaffirmed their commitment to the development of a strategic framework that will be supportive of both economies. By Barbie Co.

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