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

Mavhungu Abel Mafukata
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Mavhungu Abel Mafukata: Vhutali Leadership and Management Institute, Limpopo Province, South Africa

International Journal of Finance & Banking Studies, 2016, vol. 5, issue 6, 24-41

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.

Keywords: China; SSA; South Africa; Igor Panarin; Predictive literature (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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