If Beijing sneezes, East Africa will catch a bad cold
Kenya's National Treasury minister Henry Rotich. The Treasury said any disruption to China’s economic stability could have an adverse effect on Kenya. PHOTO | NMG
East Africa has been flagged as one of the regions that could experience shocks in the event the Chinese economy suffers a meltdown, given the states’ heavy borrowing from the Asian giant.
New data from the Centre for Global Development, an international think tank, shows that Djibouti, Kenya and Ethiopia could be economically vulnerable, with Djibouti at extreme risk, if the Chinese economy were to experience shocks.
