China has become Africa’s largest trading partner. | glObserver Global Economics

China’s slowing increase, coupled with the fall in commodity prices, could see African exports to the Asian country almost halve in price this time– from a reported $116bn in 2014 to around $60bn. This is according to recent research by Standard Bank’s senior political economist, Simon Freemantle.

Sourced through from:

However, trade statistics for the initial half of 2015 most acutely portray how the pace of increase of Chinese commodity imports has slowed. For example, in the initial six months, China imported 0.9% less iron ore than during the same period the previous year.

See on Scoop.itglobserver africa


Author: globserver

Director of Eyecom china

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