Economics
Xi in Africa as Continent Feels Most Pain From China Trade Slump
- Bright spots include China's imports of South African wine
- China to shift industries to Africa to help it industrialize
Chinese President Xi Jinping arrives for a visit in Harare.
Photographer: Jekesai Njikizana/AFP/Getty ImagesThis article is for subscribers only.
President Xi Jinping’s five-day trip to Africa comes as the continent suffers more than anywhere else from China’s slowing economic growth and an associated rout in the value of the region’s commodities exports.
Trade between the two slumped 18 percent in the first nine months of 2015 from a year earlier, the largest decline in China’s trade with the world’s continents, according to China’s commerce ministry.