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Why is China financing African countries?

The Inside Story Podcast

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China's Expansive Trade Ties with Africa

Trade between China and Africa surpassed $280 billion, with South Africa leading as the largest trade partner at $35.9 billion, followed by Angola ($27.3 billion), Nigeria ($24 billion), and the Democratic Republic of Congo ($22 billion). Egypt is enhancing its infrastructure, having over $18 billion in joint business, while Kenya maintains a longstanding trade relationship worth $8.5 billion. However, there is a significant trade imbalance favoring China, which raises concerns regarding the value addition and integration of African countries into the global supply chain. Discussions on tariffs and manufacturing capabilities are critical, emphasizing the need for African nations to enhance production and protect their agricultural exports, as seen in South Africa’s negotiated terms concerning beef exports amid disease concerns. The focus moving forward will be on monitoring the outcomes of current trade agreements and assessing the impact of ongoing projects.

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