Navigating the Evolving Landscape between China and Africa’s Economic Engagements

China and Africa have forged a strong economic relationship since China’s accession to the WTO in 2001. This paper examines the evolution of these economic ties starting in the early 2000s, and the subsequent shift in the relationship triggered by the commodity price collapse in 2015 and by the COVI...

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Bibliographic Details
Main Author: Chen, Wenjie
Other Authors: Fornino, Michele, Rawlings, Henry
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Investments, Foreign 
653 |a Banks 
653 |a Finance 
653 |a International relief 
653 |a Industries: Financial Services 
653 |a Financial institutions 
653 |a Economics: General 
653 |a Micro Finance Institutions 
653 |a Balance of payments 
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653 |a Economics of specific sectors 
653 |a International Policy Coordination and Transmission 
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653 |a Loans 
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653 |a Foreign Aid 
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520 |a China and Africa have forged a strong economic relationship since China’s accession to the WTO in 2001. This paper examines the evolution of these economic ties starting in the early 2000s, and the subsequent shift in the relationship triggered by the commodity price collapse in 2015 and by the COVID-19 pandemic. The potential effects on the African continent of a further slowdown in Chinese growth are analyzed, highlighting the varying effects on different countries in Africa, especially those heavily dependent on their economic relationship with China. The conclusion offers a discussion of ways how African countries and China could adapt to the changing relationship