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China to Focus on Trade to Deepen Africa Ties, EIU Says

  • China aims to overtake EU as Africa’s biggest trade partner
  • Agriculture, manufacturing likely to attract more investment
Gantry cranes and shipping containers at a port in Mombasa, Kenya.

Gantry cranes and shipping containers at a port in Mombasa, Kenya.

Photographer: Luis Tato/Bloomberg
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China will deepen its ties with Africa over the next decade by focusing on trade and is unlikely to be dislodged by US and European Union attempts to re-engage with the continent, the Economist Intelligence Unit said. 

The Asian country is likely to keep investing in Africa’s natural resources and may look to the continent as a source of food, boosting its expenditure on agriculture, the EIU said in a report released Thursday. Asia may see Africa’s youthful population as a source of labor for its manufacturing companies and as a market for its consumer goods, the research organization said.