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→Role of China: trade w/Africa
==Role of China==
==Role of China==
In the first decade of the Twenty-first century China quietly has overtaken the United States to become Africa's largest trading partner, particularly in oil, which accounts for 73 percent of all African exports. According to the Chinese government's first white paper on its economic and trade cooperation with Africa, China's trade with Africa has soared to $114.81 billion in the first 11 months of 2010. China uses about 8 million barrels per day (bpd), a demand that is projected to rise to 11.3 million bpd by 2015 and now receives 28 percent of its oil imports from Africa. China's top oil suppliers are [[Saudi Arabia]], [[Iran]], [[Angola]], Russia, [[Oman]] and [[Sudan]]. Saudi Arabia is China's top oil supplier (1.1 million bpd.) China is also buying oil from [[Chad]], [[Gabon]] and [[Nigeria]] as well. China's top African oil suppliers are [[Angola]], [[Sudan]] and [[Nigeria]]. The [[International Monetary Fund]] reports, oil now accounts for 99 percent of Sudanese exports, with China absorbing for 65 percent of them. Energy is Angola's sole export hard currency earner, with China now accounting for 35 percent of Angolan exports.<ref>http://mammutcapital.blogspot.com/2011/06/upcoming-us-china-struggle-for-african.html</ref>
===Competition for resources===
After hostilities began China evacuated over 36,000 of its energy and construction workers and shut down operations of Chinese companies with over $18.8 billion of Chinese investments in Libya.<ref>http://www.channelnewsasia.com/stories/eastasia/view/1119924/1/.html</ref> China alone is expected to invest on a scale of $50 billion a year in Libaya and Africa by 2015, a figure - funded by America’s [[trade deficit]] with China - which the Western powers and NATO cannot match.<ref>Leslie Hook, ''China’s future in Africa, after Libya,'' March 4, 2011. The U.S trade deficit with China in 2010 was $273 billion.</ref> China, Libya's largest Asian oil customer, called for an immediate ceasefire.
After hostilities began China evacuated over 36,000 of its energy and construction workers and shut down operations of Chinese companies with over $18.8 billion of Chinese investments in Libya.<ref>http://www.channelnewsasia.com/stories/eastasia/view/1119924/1/.html</ref> China alone is expected to invest on a scale of $50 billion a year in Libaya and Africa by 2015, a figure - funded by America’s [[trade deficit]] with China - which the Western powers and NATO cannot match.<ref>Leslie Hook, ''China’s future in Africa, after Libya,'' March 4, 2011. The U.S trade deficit with China in 2010 was $273 billion.</ref> China, Libya's largest Asian oil customer, called for an immediate ceasefire.