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: 欧美一级免费观看 | 成人免费播放 | 中文字幕日韩视频 | 国产成人精品免费 | 91婷婷射 | 国产激情视频在线播放 | 四虎精品永久在线 | 白嫩白嫩国产精品 | 亚洲综合视频网 | 黄网在线| 在线国产日韩 | 超碰91在线| 久久视频这里只有精品 | 午夜视频入口 | 欧洲a级片 | 国产日韩在线播放 | 国产影视一区二区 | 激情五月色婷婷 | 亚洲一区二区三区四区视频 | 国产精品麻豆免费版 | 日韩色av| 最新国产福利 | 香蕉伊人网 | 欧美一级性片 | 桃色网址 | 国产馆av| 久久久中文字幕 | 免费成人视屏 | 香蕉国产在线 | 欧美视频精品在线 | 国产欧美一区二区精品性色 | 国产99页| 久久精品在线 | 欧美激情视频一区二区三区 | 国产成人精品免费视频 | 性av网| 一级特黄色大片 | 免费成人在线看 | 粉嫩av一区二区三区天美传媒 | 国产又爽又黄又嫩又猛又粗 | 色天堂视频 |