China's Africa relationship is getting bigger and narrower at once - lIF
14 hours ago
By Ben Aris in Berlin
China's economic hold over Africa increasingly runs through container ships rather than sovereign loans.
<
What China sends has changed as much as how much. Capital goods made up 42% of Chinese exports to Africa in 2024, against 36% intermediate goods and 22% consumer goods; in 2014 the three categories were roughly bal-anced. That is potentially a more development-friendly import mix than one dominated by finished consumer goods, although the report's authors are careful not to oversell the implica-tions.<
'The development question is whether Chinese equipment, inputs and infrastructure help African firms move into processing, manufac-turing, logistics and regional value chains, rather than simply lowering the cost of importing what China already produces efficiently,' the note says.
<
https://l.smartnews.com/p-8mzL0FWM/IY21St
No comments:
Post a Comment