In the midst of questions about how China’s economic health will impact Africa, the foreign ministers of China and South Africa have announced that the sixth Ministerial Meeting of the Forum on China-Africa Cooperation will be upgraded to a summit. Nearly a decade after the first China-Africa Leaders summit which was held in Beijing, this
China Sneezes: Could Africans Benefit from a Devalued Yuan?
When China sneezes, does all of Africa catch a cold? Slower Chinese growth and a recently devalued currency will certainly impact Africa, whose largest trading partner is China. However, the impact of China’s recent currency devaluation will largely depend on country-specific factors.
The Chinese government likely devalued its currency in August in part to combat…
Are Chinese Companies Retooling in Africa?
Chinese companies are adopting new approaches to investing in Africa. These changes, if they become widespread, will boost the positive impact of China on Africa’s development agenda and improve how Chinese companies are perceived on the continent.
Conversations in China last month suggest a growing perception that the country’s model of extending low-interest commercial loans…
What Premier Li’s Visit to Ethiopia Says About China’s Plans for the Continent
As Secretary of State John Kerry wraps up his four nation visit to Africa and Commerce Secretary, Penny Pritzker prepares to visit Ghana, Nigeria and Ethiopia later this month, Chinese Premier Li Keqiang is in Africa this week on his first visit to the continent since he was voted into the position last year.