If so, would this not further hinder industri­alization on the continent? On the flip side, could this trade standoff prompt the U.S. and others to manufacture in Africa instead of relying on China ...

The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.