China Lockdowns Will Hit South Africa’s Economy, and Other Long Reads to Kick Off Your Week

COVID-19 lockdowns and the war in Ukraine will decrease China’s appetite for South African exports, while slowing down crucial exports of Chinese products to South Africa, according to South African analysts. (BUSINESS LIVE)   

• B3W: The U.S.-led Build Back Better World (B3W) global infrastructure initiative could have significant impacts on China’s global influence, warns a prominent Chinese expert. (SOUTH CHINA MORNING POST)

• AUSTERITY: As crises like the pandemic and the war in Ukraine hit African economies, many governments are responding with austerity measures, to balance the budget. International development bodies warn this could make things much worse. (AFRICAN ARGUMENTS) 

• MILITARY: China’s arms sales, military training, and investment in African infrastructure projects are increasingly giving Beijing a foothold on the continent, according to the noted military tracker Jane’s. (WALL STREET JOURNAL)

• TECH: Chinese crackdowns on the tech sector, including on the tech giant Tencent, are adding pressure on South Africa’s largest company, Naspers. The media company, a major Tencent shareholder, recently faced sharp selloffs. (MONEYWEB)

• GEOPOLITICS: Conflicts in the Horn of Africa, including the unresolved civil war in Ethiopia are setting the scene for increased Great Power competition in the region. (THE NEW ARAB) 

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The post China Lockdowns Will Hit South Africa’s Economy, and Other Long Reads to Kick Off Your Week appeared first on The China Africa Project.

source https://chinaafricaproject.com/2022/04/25/china-lockdowns-will-hit-south-africas-economy-and-other-long-reads-to-kick-off-your-week/