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On October 8, 2016, the China Syndrome Petroleum and Chemical Corporation (Sinopec) announced the completion of the TOUAL 3D seismic acquisition project, in Ouargla and Illizi, Algeria.

The news reflected a trend of rising exchanges between Algeria and China. In 2014, China surpassed France to become the largest importer into Algeria, supplying over 14 percent of imports. Bilateral trade rose from $608 million in 2003 to $9 billion in 2013, making Algeria China’s top trading partner in the Maghreb. To that effect, in 2014 both countries signed a five-year plan for a comprehensive strategic partnership, the first of its kind in the Arab world.

However, given Algeria’s resource wealth, relative financial leverage, and political stability in the last decade, one would have expected to see higher levels of Chinese investment and trade in the country. However, that is not the case. Investment has been mostly limited to commercial loans, while Chinese Foreign Direct Investment (FDI) in Algeria, estimated at $1.5 billion, did not surpass 0.3 percent of total overseas Chinese FDI.

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On October 8, 2016, the China Syndrome Petroleum and Chemical Corporation (Sinopec) announced the completion of the TOUAL 3D seismic acquisition project, in Ouargla and Illizi, Algeria.

The news reflected a trend of rising exchanges between Algeria and China. In 2014, China surpassed France to become the largest importer into Algeria, supplying over 14 percent of imports. Bilateral trade rose from $608 million in 2003 to $9 billion in 2013, making Algeria China’s top trading partner in the Maghreb. To that effect, in 2014 both countries signed a five-year plan for a comprehensive strategic partnership, the first of its kind in the Arab world.

However, given Algeria’s resource wealth, relative financial leverage, and political stability in the last decade, one would have expected to see higher levels of Chinese investment and trade in the country. However, that is not the case. Investment has been mostly limited to commercial loans, while Chinese Foreign Direct Investment (FDI) in Algeria, estimated at $1.5 billion, did not surpass 0.3 percent of total overseas Chinese FDI.

On October 8, 2016, the China Syndrome Petroleum and Chemical Corporation (Sinopec) announced the completion of the TOUAL 3D seismic acquisition project, in Ouargla and Illizi, Algeria.

The news reflected a trend of rising exchanges between Algeria and China. In 2014, China surpassed France to become the largest importer into Algeria, supplying over 14 percent of imports. Bilateral trade rose from $608 million in 2003 to $9 billion in 2013, making Algeria China’s top trading partner in the Maghreb. To that effect, in 2014 both countries signed a five-year plan for a comprehensive strategic partnership, the first of its kind in the Arab world.

However, given Algeria’s resource wealth, relative financial leverage, and political stability in the last decade, one would have expected to see higher levels of Chinese investment and trade in the country. However, that is not the case. Investment has been mostly limited to commercial loans, while Chinese Foreign Direct Investment (FDI) in Algeria, estimated at $1.5 billion, did not surpass 0.3 percent of total overseas Chinese FDI.