Two Markets, Two Resources: Documenting China’s Engagement in Africa HORIZON ADVISORY Emily de La Bruyère and Nathan Picarsic November 2020 Disclaimer: This research report was prepared at the request of the U.S.-China Economic and Security Review Commission to support its deliberations. Posting of the report to the Commission's website is intended to promote greater public understanding of the issues addressed by the Commission in its ongoing assessment of U.S.-China economic relations and their implications for U.S. security, as mandated by Public Law 106-398 and Public Law 113-291. However, it does not necessarily imply an endorsement by the Commission or any individual Commissioner of the views or conclusions expressed in this commissioned research report. About Horizon Advisory Horizon Advisory is a geopolitical consultancy focused on helping strategic decision-makers – across public and private sectors – understand competitive environments influenced by China. Horizon Advisory’s work draws on novel, primary source empirics and updated analytic frameworks to deliver actionable insights. Learn more about Horizon Advisory at www.horizonadvisory.org or reach out via email to
[email protected]. This project was completed by Horizon Advisory authors; errors or omissions are the fault of the authors alone. The authors would like to thank Zachary Shevin for his invaluable research assistance. Contents Executive Summary .......................................................................................................................