Thursday, August 27, 2026 SourcesAbout🌓
🇺🇸 US ▾
BREAKING
Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials Podcast: One country musician is calling for other artists to oppose assault rifles Bidets save you money and reduce waste — we tested the best options out there 50+ products to make your life easier and our planet cleaner Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love A head-to-toe guide of how men should dress this spring, and where they should shop 42 of the most useful travel products you can buy on Amazon The 7 best high-yield savings accounts of April 2023 Taxes are due tomorrow. Here's how to file for an extension Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials Podcast: One country musician is calling for other artists to oppose assault rifles Bidets save you money and reduce waste — we tested the best options out there 50+ products to make your life easier and our planet cleaner Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love A head-to-toe guide of how men should dress this spring, and where they should shop 42 of the most useful travel products you can buy on Amazon The 7 best high-yield savings accounts of April 2023 Taxes are due tomorrow. Here's how to file for an extension
Latest

US counters China as Beijing’s ‘shock wave’ hits African economies

Fox News ·
US counters China as Beijing’s ‘shock wave’ hits African economies

A top State Department official has hit out at China for what analysts are calling ‘the China shock wave’ effect now crippling African economies.

African manufacturing is reportedly being battered by a surge of Chinese imports.

It’s a triple whammy — China takes raw materials, including critical minerals, from the continent and floods Africa with state-subsidized products.

And Beijing isn’t importing anywhere near an equal amount of African products.

The China Global South Project reported that in 2025, Chinese exports to Africa hit $225 billion in value, whereas imports from Africa were roughly only half that — $123 billion.

PUTIN USING AFRICA AS ‘PURSE’ FOR UKRAINE WAR WHILE US FACES ‘INTELLIGENCE BLACK HOLE’: COMMANDER Now the Trump administration aims to change this imbalance — and create opportunities for American businesses.

"China continues to flood Africa with exports," Assistant Secretary of State for African Affairs Frank Garcia, told Fox News Digital.

He added, "No country is immune to the negative impacts of China’s unfair trade practices and state-subsidized overcapacity.

China’s economic engagement with African countries has often led to unsustainable debt, economic coercion and an oversupply of Chinese imports threatening to displace and preventing the development of local industries." He continued, "The U.S. government aims to offer credible alternatives that leverage public and private financing in priority areas that make America safer, stronger and more prosperous.

The United States is committed to maintaining the strong, open investment environment that benefits our economy and our people, while enhancing our ability to protect our nation from new and evolving threats that can accompany foreign investment." Elaine Dezenski, senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies (FDD) told Fox News Digital China is the number one trading partner for many African countries, but warned" that doesn’t mean that African countries are moving up the value chain.

On the contrary, some African countries are increasingly tied into a cycle of mineral and other natural resource exports to China, only to be on the receiving end of finished goods, also from China." WHITE HOUSE EXPOSES ‘TRANSSHIPMENT SCAM’ COSTING US UP TO $26B, POINTS FINGER AT CHINA Dezenski added, "Africa wants to manufacture.

Chinese exports are getting in the way.

Key exports from China are substituting for specific products that could be manufactured in Africa.

As China is increasingly shut out of U.S.

Read the full article on Fox News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.foxnews.com — the content belongs to Fox News.

More from Fox News

See all ›

More in Latest

See all ›