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Trade war

China turns to Africa to mitigate impact of US trade war

Beijing summit ends with promise of cooperation on business and security

Chinese President Xi Jinping delivers the keynote speech at the Forum on China-Africa Cooperation in Beijing on September 3.    © Kyodo

BEIJING/CAIRO -- China is seeking to further expand trade with Africa as a way to reduce risk from the U.S. trade dispute, a strategy made clear at a two-day summit ended Tuesday in Beijing.

"Expanding imports from Africa helps spread the risk presented by the U.S.-China trade war," an employee of a Chinese state-owned oil major told Nikkei.

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