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China Pressures Banks, Kenya Embraces Zero-Duty Trade Deal

2/9/2026

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Summary

Story summary

China has urged banks to limit exposure to United States debt, reducing holdings from $1.3 trillion in 2013 to about $650–700 billion.
Kenya signed a trade agreement with China for zero-duty access on 98.2% of its exports, contrasting with the United States tariff approach.
Economists argue that Africa should embrace both the United States' African Growth and Opportunity Act and China's favorable terms to enhance trade sovereignty.

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Story summary

China has urged banks to limit exposure to United States debt, reducing holdings from $1.3 trillion in 2013 to about $650–700 billion.
Kenya signed a trade agreement with China for zero-duty access on 98.2% of its exports, contrasting with the United States tariff approach.
Economists argue that Africa should embrace both the United States' African Growth and Opportunity Act and China's favorable terms to enhance trade sovereignty.