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Review Papers | Economics and Business | China | Volume 9 Issue 8, August 2020 | Popularity: 5.7 / 10
Trade Cooperation between China and Cameroon under the One Belt One Road
NGono Welcome Gael, Haiming Yu
Abstract: The Cameroon-China relationship is seen as creating solid dependence on China for its Production field. Isolated views and opinions have been flowing in both scholarly and political circles concerning China's veritable goal and its quality in African nations and Cameroon in particular. This paper examines how the one belt one road initiative project of president Xi Jinping influences the financial, infrastructures, and social circumstances of Cameroon from a residential perspective. Meetings of key partners were led and statistical data from the past years were also reviewed. An overview was likewise attempted regarding the general factors affecting this long-time trade between the two friendly nations. Our discoveries show that both nations are introducing acceptable records on the acknowledgment of the exchange of goods in various economic sectors in both countries. However, there are a few restrictions that should be tended to, to improve the effectiveness of undertakings and lead to a shared and reasonable China-Cameroon trade through the One Belt One Road initiative for a considerable length of time to come. Furthermore, the study analyses Cameroon's trade structure and evolution, with a specific focus on China's contribution; examines the evolution of Cameroon? s and China? s trade balance, concerning market access conditions. China's share of imports (essentially manufactured goods) to Cameroon grew substantially between in the last decade, whereas exports (a few primary products) to China have been declining and aggravating Cameroon's trade deficit. This trade pattern would undermine the industrial sector and lock Cameroon in primary import and export activities with China. Many city dwellers (60% of respondents) perceive welfare losses if Chinese goods were to be banned in Cameroon. In general, Chinese goods are having a positive impact on Cameroon's trade portfolio, especially those at the lower strata in the distribution of income.
Keywords: Cameroon, Cooperation, China, One Belt One Road
Edition: Volume 9 Issue 8, August 2020
Pages: 831 - 836
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