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The consequences of China's impending economic crisis on global economy

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  • Mavhungu Abel Mafukata

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 were collected 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," 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:id:335
    DOI: 10.20525/ijfbs.v5i6.596
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    References listed on IDEAS

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