A geoeconomic and strategic clash between China and France is currently emerging across Africa, with France supporting the United States in a new bilateral relationship, and China changing its economic penetration into the Dark Continent – in a new relationship with the Russian Federation.
Let us look at the main data and statistics: this year the African Development Bank has forecast a 1.9% growth in Southern Africa; a 2.2% growth in Central Africa and even 3.4% in Eastern and Northern Africa.
However, the trend is towards a slowdown in economic growth across the world – a slowdown that will be ushered in by the reaching and exceeding of the 100 US dollar threshold of the oil barrel price.
In fact, if we analyse the data and statistical series, the recent great economic and financial crises have been triggered by a significant increase in the oil price – that the West is facing with increasing difficulty. Continue reading “France and China in Africa – Giancarlo Elia Valori”