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Navigating the Evolving Landscape between China and Africa’s Economic Engagements
Author:
Wenjie Chen https://isni.org/isni/0000000404811396 International Monetary Fund

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https://orcid.org/0000-0001-5030-5927
,
Michele Fornino
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, and
Henry Rawlings
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Series:
IMF Working Papers
Volume/Issue:
Volume 2024: Issue 037
Language:
English
Publication Date:
23 Feb 2024
DOI:
https://doi.org/10.5089/9798400267840.001
ISBN:
9798400267840
ISSN:
1018-5941
Pages:
34
Keywords:
Africa; sub-Saharan Africa; China; Trade; Debt; Lending; Investment; Belt and Road Initiative.; growth slowdown; economic engagement; A. AFRMOD; C. Investment linkage; AFRMOD model; Foreign direct investment; Loans; Exports; Global; Caribbean; South America
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund