Africa Buys More From China Than Ever. That’s a Problem.
The China-Global South Project (CGSP)
@chinaglobalsouthAbout
The China-Global South Project (CGSP), formerly known as The China Africa Project, is a non-profit independent multimedia organization dedicated to exploring every aspect of China’s engagement with Africa. CGSP has no partisan agenda whatsoever and does not advocate on behalf of any country, company, or culture. CGSP was co-founded in 2010 by journalist Eric Olander and media scholar Dr. Cobus van Staden. Until August 2019, CGSP was a passion project that Eric and Cobus worked on during nights and weekends. Today, there’s a full-time team of editors and analysts in five countries in Africa and Asia working every day to produce daily news and analysis. For more information about The China Africa Project including background information about the people behind the project, please visit https://chinaglobalsouth.com/about-cap/ or visit the CAP on Facebook at www.facebook.com/ChinaAfricaProject.
Video Description
China-Africa trade in the first eight months of the year increased by 15% to more than $220 billion, on track to break another annual record. A significant portion of that growth, however, stemmed from a surge in Chinese exports to African countries, exacerbating an already substantial $60 billion African trade deficit with China. South Africa, by far, is China's most important trade partner on the continent, and it is attempting to close that gap by increasing its exports of agricultural products to China. The problem, however, is that it will take a lot more than selling fruits and vegetables to narrow the country's gaping trade deficit. In the meantime, local producers are facing growing pricing pressure from the surge of low-cost Chinese imports. Eric & Cobus discuss the difficult position that many African countries are facing in this new, more competitive trade landscape. JOIN THE DISCUSSION: X: @ChinaGSProject Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@chinaglobalsouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH: www.projetafriquechine.com | @AfrikChine JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth
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