The Africa Center for Strategic Studies published on 17 March 2026 an analysis titled "Chinese State-Owned Enterprises and Market Capture in Africa" by Paul Nantulya.
China has the largest state-owned enterprise (SOE) sector in the world, accounting for about 20 percent of China's GDP. African economic sectors such as mining, railways, and power generation can become dominated by large Chinese SOEs. They can then out compete African companies and other investors, create supply chain dependence on Chinese firms, and reduce the bargaining power of African governments.
