CHINESE ACADEMY OF INTERNATIONAL TRADE
AND ECONOMIC COOPERATION
MINISTRY OF COMMERCE, P. R. CHINA

Wed.29/10/2014

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For more than 10years many African countries have borrowed intensely from the internationalcapital market amid the continent's continued economic growth. However, someAfrican countries' debt loads are worsening and signs of a debt crisis haveemerged, due to a decline in major commodity prices, the sluggish eurozoneeconomy and China's economic slowdown. Meanwhile, African countries are set toseek more development funds to achieve the UN's sustainable goals and theAfrican Union's Agenda 2063.

For this reason,Sino-African cooperation shouldn't merely meet African development needs, butshould help Africa contain debt sustainability risks. Deeper ties between Chinaand Africa can be forged accordingly and China would have greater clout inglobal economic governance.

The author is theassociate research fellow of the Institute of International Development Cooperation.

This article is publishedon Global Times (January 16, 2017).

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