July 22, 2012
China's Goods Burden Africa's Producers
Xan Rice, Financial Times
Chinese exports to Africa jumped 22 percent last year to hit $73 billion, more than double the gross domestic product of Kenya or Ethiopia. Chinese officials pledged to do more to encourage exports of African goods, including expanding the range of products that qualify for zero tariffs. “We should work harder to . . . improve the trade mix and upgrade trade,” Chinese President Hu Jintao said Thursday at the forum.
However, African manufacturers insist not enough is being done.
TAGGED: South Africa, China, Africa, Kenya, Nigeria