The Middle East and Africa will become crucial to aims to improve trade between the East and the West and extending China's global influence while geopolitical developments reshape the global economy, according to BMI Research. The Middle East and Africa region is secondary to Asia and Europe in terms of trade with China. "Although not a large-scale consumer market like Europe, nor a focus of regional integration as in Southeast Asia, Middle East and North African markets are important to China as a source of a significant share of Chinese oil supply and as the focal point of China-Europe seaborne trade via the Suez Canal," international group BMI Research said in a report this week. Several sub-Saharan African markets are expected to benefit from their position in helping China to facilitate global trade flows through a programme China has dubbed the Belt and Road Initiative. The overall investment value of projects related to this initiative amount to $60-billion (about R825-billi...
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