Navigating the Evolving Landscape between China and Africa’s Economic Engagements
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Summary:
China and Africa have forged a strong economic relationship since China’s accession to the WTO in 2001. This paper examines the evolution of these economic ties starting in the early 2000s, and the subsequent shift in the relationship triggered by the commodity price collapse in 2015 and by the COVID-19 pandemic. The potential effects on the African continent of a further slowdown in Chinese growth are analyzed, highlighting the varying effects on different countries in Africa, especially those heavily dependent on their economic relationship with China. The conclusion offers a discussion of ways how African countries and China could adapt to the changing relationship.
Series:
Working Paper No. 2024/037
Subject:
Balance of payments Exports External debt Financial institutions Foreign aid Foreign direct investment International trade Loans
Frequency:
regular
English
Publication Date:
February 23, 2024
ISBN/ISSN:
9798400267840/1018-5941
Stock No:
WPIEA2024037
Format:
Paper
Pages:
34
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