Trade Between China And Africa Is On The Rise

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Trade Between China And Africa Is On The Rise

Despite global supply chain challenges, trade between China and Africa rose to record levels in 2021. The increase partially reflects a shift in Chinese policy away from state-backed investments and towards trade and cooperation. Data released recently by the Chinese Customs Agency show that Chinese trade with Africa increased by 35% last year, to a record high of $254bn. This growth was largely driven by an increase in Chinese exports to the continent. Going forward, volumes look set to continue growing, with trade constituting a key element in...

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