President Xi has unveiled eight initiatives as part of the Forum on China-Africa Cooperation, seeking to diversify away from infrastructure investments that have raised accusations of a “debt trap”. In trade that will include trade facilitation measures and increased non-resource imports rather than a full FTA. China’s imports from Africa overall already rose 45% in the 12 months to July 31 on a year earlier to reach $88 billion. The top 10 (HS-2) product categories were all resource / food related and accounted for 89% of imports in 2017. Imports were led by $20 billion of crude oil ...