₦airaland Forum

femisplash:
Enough talk about China-US trade tangles, maybe not enough talk but a shift away from that to China- Nigeria/Africa's more significant emerging opportunities. China is not only turning to Nigeria or Africa in trade market, she is also set to deliver $51billion investment, aid, and loans over the next two years beginning as recently as 2024. Particularly that African Continental Free Trade Area (AFCTA) opens up the possibility of cross-border value chains developing in Africa.
Most of the goods that China imports from Africa are natural resources , in return, Chinese companies export a wide range of goods to Africa, including manufacturing products, Agricultural, industrial machinery , vehicles, etc. A 2019 statistics, for example, shows Chinese contractors accounted for about 60% of the total value of construction work in Africa, this is bonkers! - in a good way, I mean.
So, here's the deal, a desperate Xi Jinping looking to diversify his country's market and dependency on the US market, seeing Nigeria being the biggest market for its products in Africa, will strike a deal on Nigeria's own terms. I expect the minister of trade and investment push a near perfect deal on the table of Mr President. This is where we're back to the China-Nigeria currency swap. Renewal of Naira/Yuan deal from $2billion to as low as $10billion as kick off. As well as more emphasis on capital goods coming in to stimulate local industrialization. That should be the sweet juice we should squeeze out of the deal. A desperate Xi Jinping would not hesitate accelerating its approval in 1week while FG puts on a big smile.

FreeStuffsNG:
Smh. USA is not even among the top 3 of our best trading partners. You are using obsolete information. China has over the years been reducing its trade with US in preparation for a moment like this.

USA itself has over the years shifted from being a manufacturing power house to becoming a service oriented economy so much that it's leading manufacturing companies have shifted their factories to China, Vietnam and Cambodia. Most Americans buy mostly made in China products!


Smh. If it's by US dollars then ask yourself why on earth did Tesla, Apple etc moved to those countries. Ignorance is not bliss o. Here's what Late President Reagan predicted when he resisted what Trump is currently doing https://youtube.com/shorts/tXb5P2hsVHI?si=LTZAq-EAs6Mq_sGp


In your estimation, Reagan, a Republican President, too is hyping China. Smh

id4sho:
Naija is the hottest Chic on the block

femisplash:
https://www.channelstv.com/2025/04/15/china-turns-to-nigeria-other-emerging-economies-as-us-markets-freeze/

Udemzy05:
Lol.. Funny, turn to Nigeria?

chiefolododo:
The USA is the one responsible for China economic growth

Jaylord12:
Amazingly Nigeria has the population but no purchase power

femisplash:
Enough talk about China-US trade tangles, maybe not enough talk but a shift away from that to China- Nigeria/Africa's more significant emerging opportunities. China is not only turning to Nigeria or Africa in trade market, she is also set to deliver $51billion investment, aid, and loans over the next two years beginning as recently as 2024. Particularly that African Continental Free Trade Area (AFCTA) opens up the possibility of cross-border value chains developing in Africa.
Most of the goods that China imports from Africa are natural resources , in return, Chinese companies export a wide range of goods to Africa, including manufacturing products, Agricultural, industrial machinery , vehicles, etc. A 2019 statistics, for example, shows Chinese contractors accounted for about 60% of the total value of construction work in Africa, this is bonkers! - in a good way, I mean.
So, here's the deal, a desperate Xi Jinping looking to diversify his country's market and dependency on the US market, seeing Nigeria being the biggest market for its products in Africa, will strike a deal on Nigeria's own terms. I expect the minister of trade and investment push a near perfect deal on the table of Mr President. This is where we're back to the China-Nigeria currency swap. Renewal of Naira/Yuan deal from $2billion to as low as $10billion as kick off. As well as more emphasis on capital goods coming in to stimulate local industrialization. That should be the sweet juice we should squeeze out of the deal. A desperate Xi Jinping would not hesitate accelerating its approval in 1week while FG puts on a big smile.

mastermaestro:
Greedy Chinese always looking for the next economy to destroy with their cheap products. Our government should not let these guys flood our market with goods that our people already manufacture in sufficient volumes.

If you know what Chinese cheap goods have done to American manufacturing industries, you will not criticize Trump for taking drastic steps against China.

Wimkeh:
Abeg oh. Don’t give China your dollar oh.

China will not import anything from you oh. They’ll only export and collect your dollar.

Fibonacci88:
Xi better swallow his pride and go negotiate with the US. Nigeria and all African countries together don't make up to 40% of the purchasing power of the United States. Africa wey never see food chop na him China they hope to use grow their economy. If this impasse continues for the next 6 months a lot of Chinese factories will shut down and millions of Chinese will be jobless. China can't afford this they have billions of populations to feed and their factories grinding to a halt will mean disaster.

HacheNoire:
Who took manufacturing to China? You make it sound like they were forced to. Same they doing to India now, and I know in the future, you will still blame India.

Call a spade a spade. Americans destroyed America. In the quest for profit, they will do anything irrespective of the impact on the country.

China will conquer them in everything in a free trade. They have the tech, engineering and resources. Please give them kudos.

That’s a country that knows the capabilities of its population and heavily invested in it.

Excluding services, What does America make in America that can compete in a free trade world? NOTHING!

Reference:
Oga, this is not an American problem alone. It is a global problem. China is even undercutting the French wine industry, the Italian leather industry, the German machine tools industry. Heck, they are making Ankara. at a scale no Nigerian industry can compete with even if the entire national budget is sunk into it.

Yes, they have huge monetary reserves, cheap labour and political clout but they are also actively targetting specific industries for global dominance without a care for local effects. This has never happened in the history of international commerce and industry.

Reference:
You have no purchasing power because you have no industries. And you have no industries because you cannot compete with cheaper imports.

From textiles to agro processing, even the industries once domiciled and recognized as indigenous to Nigeria have somehow found their way to the far east.

And until we can found a government that is pro Nigeria and completely sold out to the development of this country, that is patriotic IN DEED it is better to keep China at arms length to avoid total and absolute slavery.

For if they could undermine and corrode American and European economies over the last half century, ours will be like shooting ducks in a barrel, a walk in the park for them.

Wimkeh:
Abeg oh. Don’t give China your dollar oh.

China will not import anything from you oh. They’ll only export and collect your dollar.

femisplash:
Enough talk about China-US trade tangles, maybe not enough talk but a shift away from that to China- Nigeria/Africa's more significant emerging opportunities. China is not only turning to Nigeria or Africa in trade market, she is also set to deliver $51billion investment, aid, and loans over the next two years beginning as recently as 2024. Particularly that African Continental Free Trade Area (AFCTA) opens up the possibility of cross-border value chains developing in Africa.
Most of the goods that China imports from Africa are natural resources , in return, Chinese companies export a wide range of goods to Africa, including manufacturing products, Agricultural, industrial machinery , vehicles, etc. A 2019 statistics, for example, shows Chinese contractors accounted for about 60% of the total value of construction work in Africa, this is bonkers! - in a good way, I mean.
So, here's the deal, a desperate Xi Jinping looking to diversify his country's market and dependency on the US market, seeing Nigeria being the biggest market for its products in Africa, will strike a deal on Nigeria's own terms. I expect the minister of trade and investment push a near perfect deal on the table of Mr President. This is where we're back to the China-Nigeria currency swap. Renewal of Naira/Yuan deal from $2billion to as low as $10billion as kick off. As well as more emphasis on capital goods coming in to stimulate local industrialization. That should be the sweet juice we should squeeze out of the deal. A desperate Xi Jinping would not hesitate accelerating its approval in 1week while FG puts on a big smile.