Spotlight on China in Africa
China’s rebalancing spells changes for Africa’s business model
It has become clear that the supercharged days of double-digit growth in China are over. The world’s second-largest economy is now “re-balancing” from one driven by over-investment towards a consumer and services driven economy. Read about how this will affect Africa's growth.
For Africa, the China-enabled “golden growth decade” has passed. As China rebalances, so must Africa. As it is important to realise that there will never be another China and the disruptive and enabling impact it has had on commodities markets and resource-driven economies will not be repeated, a new growth model will need to be sought, and fast.