As African economies increasingly favour China while decreasing trade with traditional markets, analysts have warned of reduced investor confidence and a “huge risk” of non-payment from the Asian country. Lead analyst of credit insurer Coface, Saijil Singh, told FTW traditional markets such as Europe, the United Kingdom and the United States were showing increasing signs of growth and recovery as unemployment rates decreased and investor confidence rose. China’s overdue payments, on the other hand, are extending past six months – a greater likelihood of it becoming bad debt – and corporate tensions are high. “Furthermore, all statistics and information out of the country are unreliable which affects investor confidence,” he said
