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The consequences of China's impending economic crisis on global economy: a predictive scenario on Sub-Saharan Africa

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  • Mavhungu Abel Mafukata

    (Vhutali Leadership and Management Institute, Limpopo Province, South Africa)

Abstract

The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy –with reference to Sub-Saharan Africa (SSA) in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data werecollected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA. The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.

Suggested Citation

  • Mavhungu Abel Mafukata, 2016. "The consequences of China's impending economic crisis on global economy: a predictive scenario on Sub-Saharan Africa," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 5(6), pages 24-41, October.
    • Handle: RePEc:rbs:ijfbss:v:5:y:2016:i:6:p:24-41
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    References listed on IDEAS

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    1. Lakatos, Csilla & Maliszewska, Maryla & Osorio Rodarte, Israel & Go, Delfin S, 2016. "China’s Slowdown and Rebalancing: Potential Growth and Poverty Impacts on Sub-Saharan Africa," Conference papers 332730, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Giles Mohan & May Tan-Mullins, 2009. "Chinese Migrants in Africa as New Agents of Development? An Analytical Framework," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(4), pages 588-605, September.
    3. Ivor Sarakinsky, 2015. "A Backward Look into South Africa’s Future," Africa Spectrum, Institute of African Affairs, GIGA German Institute of Global and Area Studies, Hamburg, vol. 50(2), pages 125-135.
    4. Nir Kshetri, 2013. "Chinese and Indian trade and investment links with Sub-Saharan Africa: institutions, capabilities and competitive advantage," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 6(1/2), pages 161-189.
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    Cited by:

    1. Muhammad Owais Qarni & Gulzar Saqib, 2018. "Return and Volatility Spillover across stock markets of China and its Major Trading Partners: Evidence from Shanghai Stock Exchange Crash," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(3), pages 1-20, September.

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