China's plummeting exports are worse than many economists had expected but the country's slowdown does not necessarily spell doom for Africa
Africa and China escaped the worst direct effects of
the global slowdown last year, Africa because its banks were not
integrated into international credit markets, and China because
its banks were barred from investing in the complex financial
products that wrecked several Western banks. But the second and
third waves of the slowdown have been breaking on the shores of
the African and Chinese economies and wreaking havoc....
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