One striking change in Africa’s trade with China is the decline in oil exports from Africa to China. Over the past two decades, many African countries have exported unprocessed crude oil to China. However, China is now sourcing more crude oil from other regions, such as the GCC countries, Russia, and other Asian nations. This shift could significantly impact the fiscal revenues and economies of African oil-exporting countries. It’s crucial for policy stakeholders in Africa to pay attention to these changes and their potential implications.
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