torsdag 27. august 2015

Five ways China's economic crisis will affect Africa

China is now the number-one trading partner for most African countries. It also has more than $20bn (£13bn) in investments, in addition to development aid. That makes it a huge customer for African governments selling resources such as minerals and oil on the international market. So in the medium-term a devaluation of the Chinese yuan could result in less demand for African goods - as they are priced in dollars that would make them more expensive for the Chinese. Read more