According to research by Capital Economics in April, the best of the Chinese growth story may already behind us. China’s GDP growth will slow to 2% by 2030, the piece argues, as a declining working-age population will reduce employment and cause weaker productivity growth. Chinese growth in the 2020s will average about 3%, falling to 1.5% in the 2030s, Capital Economics predicts. That will entail a shift from investment to consumer spending, which will mean lower commodity prices.
In the long term, China will age, its economy will slow and its structure of demand will change. That means African countries need to diversify their trade partners and sources of investment.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
AFRICA OBSERVATORY
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.