The People's Republic of China has built increasingly strong ties with some African, Asian, European and Latin American nations which has led to accusations of colonialism, As of August 2007, an estimated 750,000 Chinese nationals were working or living for extended periods in Africa. In the 1980s and 90s, China continued to purchase natural resources—petroleum and minerals—from Africa to fuel the Chinese economy and to finance international business enterprises. In 2006, trade had increased to $50 billion expanding to $500 billion by 2016.
The People's Republic of China has built increasingly strong ties with some African, Asian, European and Latin American nations which has led to accusations of colonialism, As of August 2007, an estimated 750,000 Chinese nationals were working or living for extended periods in Africa. In the 1980s and 90s, China continued to purchase natural resources—petroleum and minerals—from Africa to fuel the Chinese economy and to finance international business enterprises. In 2006, trade had increased to $50 billion expanding to $500 bill:ion by 2016.