Strategy Note /
Global

China pledges to Africa drop by a third, offset by vaccine diplomacy

  • China's triennial investment and finance pledges to Africa dropped by a third to US$40bn at this week's FOCAC

  • Still a huge commitment (with 1bn Covid new vaccines too) but a sign of China reining in overseas capital deployment

  • Slowing Chinese growth, intense China-US competition and Covid have changed the world since the last FOCAC in 2018

China pledges to Africa drop by a third, offset by vaccine diplomacy
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
2 December 2021
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