China’s Zero-Tariff Policy As New Dimension For Africa’s Prosperity

China’s philosophy of “shared prosperity” or “common prosperity” has been the fulcrum of its political and economic goals to reduce social and wealth gaps.
China has continued to seek balanced economic growth with fair income distribution, moving away from extreme inequality without forcing strict equal pay for everyone. China has invested in human capital and added value to industry, trade and investment.
However, the announcement by Chinese President Xi Jinping about China’s zero-tariff concessional market access for African products into the huge Chinese market of 1.4 billion added a new dimension to China-Africa relations, which are predicated on the Forum for China-Africa Coopera...