After state loans, China wants private investment to play a greater role in Africa’s next stage of growth - South China Morning Post

After state loans, China wants private investment to play a greater role in Africa’s next stage of growth  South China Morning Post

The past decade has seen the world’s leading economies race to increase their ties with Africa, a continent brimming with potential. And none more so than China. Its sustained courtship of the continent has seen their bilateral trade and investment reach astronomical levels. According to official Chinese figures, trade with Africa grew to just over US$204 billion in 2018. And a recent tweak to their approach promises to enshrine Africa as the continent of opportunity for Chinese companies. While Beijing used the recent Forum on China-Africa Cooperation to commit a further US$60 billion to A...