Africa Struggles with Trade Deficit as China’s Exports Surge in 2023

In 2023, trade between China and Africa escalated to $282.1 billion, experiencing a modest growth of 1.5% from the previous year. Despite this upward trend, Africa’s trade deficit with China expanded, attributed to a 7.5% increase in Chinese exports to Africa coupled with a 6.7% reduction in African exports to China. This growing deficit shows […]