日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / China-US

Sino-US trade tensions will affect Africa's growth

By Lucie Morangi in Nairobi, Kenya | China Daily | Updated: 2019-06-19 09:24
Share
Share - WeChat

No country will come out unscathed by the ongoing trade tensions between the United States and China, said Raphael Tuju, secretary-general of Kenya's ruling Jubilee party.

He called for the world's two largest economies to return to the negotiating table to salvage the situation that is quickly reverberating negatively across the globe.

Early this year, the African Development Bank said trade tensions between the two economic giants could shave 0.7 percent from Africa's GDP in 2019.

Furthermore, with Africa still a primary exporter of its resources, global economic recession would have a significant impact on its economies. Recession would also lower growth in the tourism sector, a major foreign earner in many countries, said Tuju.

Slow growth in China and the US would also roll back progress made in regional and global anti-terrorism, peace and security programs spearheaded by the two countries. World stability is also on the line, he said.

Notably, with a large diaspora in the US, Kenya may face declining remittances if the tension negatively affects the economy.

Government data show that Kenyans in the US sent back $671.6 million in the first three months of 2019. The data further indicated that North America remained the main source for the remittances, accounting for 53 percent of the total in March.

Tuju said the "America First" rhetoric, advocated by the Trump administration, is a political move appealing to his domestic base. China, Mexico and other countries have been caught in the middle.

The World Trade Organization recently announced that global trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty.

Tuju said China's stance toward multilateralism is in the best interest of the world and Africa's ambitions to fight poverty. He added that the recent release of China's White Paper on China-US trade talks, is commendable.

China's commitment can be seen in its push to implement the Belt and Road Initiative, he said. However, China's increased presence in Africa will be met by resistance from traditional partners. "China has to learn to navigate logically without being too sensitive," said Tuju, who is also a cabinet secretary without portfolio.

He also called it "utter nonsense" assertions that China is pushing Africa into a debt traps. Tuju said the loans go largely into fund infrastructure projects, which are instrumental in giving the necessary impetus to Africa's economic transformation.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久精品综合 | 水蜜桃视频污 | 国产成人综合欧美精品久久 | 亚洲大尺度在线观看 | 国产精品国产三级国产a | 69色视频 | 17c在线 | 国产精品一区二区三区在线播放 | 国产精品一区二区三区四区五区 | 国内精品免费视频 | 成人精品国产 | 二区在线观看 | 三级影片免费 | 激情网五月天 | www.色网站 | 亚洲精品9 | 国产精品成人在线视频 | 在线观看v片 | 久久77| 国产毛片欧美毛片久久久 | 黄视频免费看在线 | 国产精品久久精品 | 亚洲美女在线观看 | 日少妇视频 | 可以免费看黄色的网站 | 成人午夜在线免费观看 | 欧美日韩国产一级片 | 久久久国产精品久久久 | 亚洲久久在线 | 中国字幕在线观看免费国语版 | 95国产精品| 九九自拍视频 | 免费网站观看www在线观 | 亚洲国产福利 | 国产午夜免费视频 | 99久 | 手机看片1024国产 | 成人小视频在线免费观看 | 最新超碰在线 | aaa级黄色片 | 我要爱爱网 |