China Shifts from Lending to Trading in Africa Ahead of AfCFTA
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Reported Facts
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- •China has historically been a major lender to African nations through infrastructure and development loans.
- •The African Continental Free Trade Area (AfCFTA) aims to create a single market for goods and services across 54 African countries.
- •China is increasing its trade activities in Africa, aligning with the AfCFTA's goal to boost intra-African and external trade.
- •This business model evolution involves Chinese companies expanding their trading operations rather than focusing solely on financing projects.
What Could Happen If...
- ▸If China successfully increases trade under AfCFTA rules African economies could see greater market access and diversified trade partnerships, benefiting exporters and consumers.
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Source Coverage
AFRICA
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