China vs the IMF

China vs the IMF

President Xi Jinping addressing the Forum on China-Africa Cooperation business summit in Johannesburg in 2015. Image Elmond Jiyane, GCIS

African countries find China’s loan conditions to be far less onerous than the IMF’s, and the Asian country is digging deep to fund social development and industrialisation on the continent, for a price

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Asia’s AGOA fronting

Asia’s AGOA fronting

Johnson Manufacturing Workers knitting overalls in the Maputsoe Industrial Area. Image Sechaba Mokhethi

Chinese and Taiwanese textile and apparel factory owners have exploited an AGOA loophole, creating jobs in Lesotho, but still funnel most profits back home

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