Can Africa benefit from US-China trade spat? | Explained News, The Indian Express

Can Africa benefit from US-China trade spat? | Explained News, The Indian Express

By Deutsche Welle |Published: June 28, 2019 6:02:47 pm

Can Africa benefit from US-China trade spat?

The trade spat between Washington and Beijing is putting a damper on China's economic growth. The less China's economy expands, the less its hunger for raw materials — and it gets lots of these from Africa, including oil, iron ore or other metals.

In order to create more jobs, African nations would have to expand their value chains in the production process, citing the cocoa-producing sector where things are not how they should be. (Photo: Wikimedia Commons)

Investors and trade partners currently have their sights set on Africa. In mid-June, the United States staged an economic summit with the continent in Maputo, Mozambique, to support what was called the resilient and sustainable partnership between the US and Africa.