China's economy has slowed sharply in recent months amid the global downturn and the World Bank has forecast growth of 7.5 percent for next year, down from 12 percent last year and the slowest expansion in nearly two decades.

"If you have a recession in China, which apparently will be the case, we will have a reduction in the demand of our raw materials," AU Commission Chairman Jean-Ping told reporters.

"If it decreases in volume, it will also decrease in prices, so you can see the consequences for us," he added.

Ping said he would head to Doha over the weekend for a donor conference amid concerns that the global financial crisis could curtail aid and investment for the world's poorest continent.

"The African continent has only been receiving a small share of direct investment. If this investment is reduced, then it will be a catastrophe," he said.

According to the African Union, trade between China and the continent reached 50 billion dollars (39.4 billion euros) in 2006, up from just a billion dollars four years earlier. The figure is expected to double by 2010.

Related Links
Africa News - Resources, Health, Food

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS Solar Energy Solutions Tempur-Pedic Mattress Comparison ... Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News