When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: africa-china trade
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Looking Beyond Mining in the Africa-China Relationship
Last week’s China-Africa Economic and Trade Expo (CAETE) in Changsha, Hunan province drew very little press attention, but it gave a glimpse of the growing centrality of agricultural trade to the Africa-China relationship. The event delivered 176 new project deals worth $11.39 billion. The number ...
Africa-China Trade Fair Delivers $11.39 Billion in Deals
The fourth annual China-Africa Economic and Trade Expo (CAETE) concluded on Sunday with deals signed for 176 new projects, worth a total of $11.39 billion. The number of deals jumped by 45.8%, while the total value increased by 10.6% since the previous fair in 2023. ...
New Chinese Trade Data Reveals Growing Importance of Global South Amid Mounting Tensions With U.S., EU
China registered a record $99 billion trade surplus in June, adding to concerns that Beijing is leaning on exports to try and pull itself out of an economic slump. While the flood of low-cost Chinese-made products is good news for consumers, ...
China-Africa Economic and Trade Expo Kicks Off in Hunan
The biggest annual event in Africa-China trade kicks off in Changsha, Hunan Province, on Thursday, running until July 2. The third China-Africa Economic and Trade Expo is notable for two key reasons. First, it signals the full resumption of Africa-China trade relations ...
Rail-Sea Lines Boost China-Africa Trade
Multimodal rail-sea lines are increasingly transforming China’s trade with Europe and Africa. This week a train laden with Chinese products departed Chengdu in China’s Sichuan province, bound for Casablanca in Morocco. A second hybrid line is taking Chinese apple juice concentrate from Gansu province to ...
Ghana’s Ex-President Calls for Africa-China Trade Development
Ghana’s former President (and possible future election contender), John Dramani Mahama, called for Africa to close its trade gap with China and to move up the value chain, away from exporting raw materials. He ...
Chinese Trade With Africa Surged in First Quarter But Expected to Slow Dramatically
Chinese trade with Africa rocketed up 24.5% in the first three months of 2022 compared to the same time last year, according to the new data released by China's customs authorities. At a continental level, trade levels were characteristically balanced with Chinese ...