We recently featured an article in our daily newsletter by South China Morning Post correspondent Jevans Nyabiage about the rapid decline of Africa’s oil sales to China. In 2007, China bought about a third of its oil from African countries. Today, this share has shrunk to about 18%, and it’s expected to fall further. (Nyabiage points out that Angola’s continued repayment of Chinese loans with oil inflates these numbers – without the Angolan factor, the percentage would probably be even smaller.)
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