Xi’s Africa Initiatives Seek to Diversify Resource-Led Imports, Shake off “Debt Trap” Tag — Panjiva
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Xi’s Africa Initiatives Seek to Diversify Resource-Led Imports, Shake off “Debt Trap” Tag

China 1758 Energy - Conventional 272 Energy - Crude Oil 194 Materials - Metals/Mining 482 Metals - Steel 360 South Africa 38 Trade Deals 702

President Xi has unveiled eight initiatives as part of the Forum on China-Africa Cooperation, seeking to diversify away from infrastructure investments that have raised accusations of a “debt trap”. In trade that will include trade facilitation measures and increased non-resource imports rather than a full FTA. China’s imports from Africa overall already rose 45% in the 12 months to July 31 on a year earlier to reach $88 billion. The top 10 (HS-2) product categories were all resource / food related and accounted for 89% of imports in 2017. Imports were led by $20 billion of crude oil fro...

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