Showing posts with label finished goods. Show all posts
Showing posts with label finished goods. Show all posts

Friday, January 24, 2025

Fixing Africa's Trade Deficit with China

 The China Global South Project published on 24 January 2025 a commentary titled "The Persistent China-Africa Trade Imbalance--Is It China's Fault?" by C. Geraud Neema Byamungu.  

Africa continues to have a persistent trade deficit with China--$62 billion in 2024.  The author argues that Africa is structurally ill-equipped to rebalance the trade relationship and must build a strong, competitive manufacturing sector to move beyond its dependence on raw material exports.  For its part, Chinese companies can invest more heavily in downstream segments of African raw material value chains.