Zimbabwe looks to Chinese yuan as legal tender China's Xi arrives in Africa with focus on trade ties Johannesburg: As China's economy slows and its once seemingly insatiable hunger for Africa's commodities wanes, many African economies are tumbling, quickly. Since the start of this year, the outlook across the continent has grown grimmer, especially in its two biggest economies, Nigeria and South Africa. Their currencies fell to record lows recently as China, Africa's biggest trading partner, announced imports from Africa had plummeted nearly 40 per cent in 2015. "We can see what drove the growth in Africa when demand goes away," said Greg Mills, the director of the...
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