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Allianz Research: Africa, Americas Had Better Brace for a “China-Less Recovery”

by Eric Olander

China is turning inwards and will slow its economic engagement in emerging markets in Africa and Latin America in the post-COVID-19-era, according to new analysis from the research arm of the German financial services giant Allianz.

The report was written by three senior economists covering Asia, Europe and the Americas and should serve as an important warning to policymakers in Africa that they should not expect the same steadily rising trade volumes and access to Chinese financing that they’ve become accustomed to over the past ten years.

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