Photo shows the Vision City project, a housing project undertaken by Chinese companies in
Kigali, capital of Rwanda. (Photo/Courtesy of China Civil Engineering Construction Corporation)
The 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) slated to
take place in Dakar, capital of Senegal, is going to further build a strategic consensus between
China and Africa and chart the course forward for the sustainable and high-quality development of
China-Africa cooperation, China’s vice-minister of commerce Qian Keming said at a recent press
conference.
Since the conclusion of the 2018 FOCAC Beijing Summit, China’s Ministry of Commerce
(MOFCOM), together with relevant government departments, has earnestly pushed forward with
the high-quality implementation of the eight major initiatives proposed by Chinese President Xi
Jinping at the opening ceremony of the FOCAC Beijing Summit to promote China-Africa
cooperation, and steered the economic and trade cooperation between the two sides toward fast
and steady recovery as well as new progress amid the COVID-19 pandemic, Qian said at a press
conference held by China’s State Council Information Office on Nov. 17.
Data show that from January to September this year, various indicators of China-Africa economic
and trade cooperation were on upward trajectories, with trade volume between the two sides
climbing 38.2 percent year on year to $185.2 billion, the highest level of the same periods in the
history of China-Africa trade, according to Qian.
China’s direct investment in Africa between January and September of this year reached $2.59
billion, up 9.9 percent year on year, said Qian, adding that the growth rate outperformed the pre-
pandemic level in the same period of 2019.
In the face of challenges posed by the COVID-19 pandemic, China and Africa successfully held
the Extraordinary China-Africa Summit on Solidarity against COVID-19, shifting the focus of
cooperation toward health, the resumption of work and production, as well as improving people’s
livelihoods.
Since the pandemic has caused difficulty in people-to-people exchanges between the two sides,
China has promoted online personnel training for Africa and set up 14 Luban Workshops in Africa
to provide vocational training for local people, Qian said.
China and Africa have also actively expanded cooperation in emerging fields, making digital
economy a new highlight of bilateral cooperation, according to Qian, who noted that Chinese e-
commerce platforms have significantly increased the sales of African agricultural products in
China.
“These fruits are the result of the concerted and unremitting efforts made by China and Africa to
jointly pull through the difficult time,” Qian said, adding that the eight major initiatives have
effectively facilitated the economic and social development of African countries as well as helped
improve the well-being of local people.
Noting that China and Africa are both faced with heavy tasks in epidemic prevention and control
as well as stabilizing the economy, Qian believes that the upcoming 8th Ministerial Conference of
the FOCAC will continue to provide strategic guidance for the two sides to build consensus, seek
innovation, and advance high-quality development of the bilateral cooperation.
The conference will focus on Africa’s economic and social development and new opportunities for
China-Africa cooperation in the context of the COVID-19 pandemic, according to Qian.
It will not only involve traditional cooperation areas between the two sides, but lay emphasis on
bilateral cooperation in healthcare and COVID-19 response, people’s livelihood and poverty
reduction, as well as trade and investment, and expand collaboration in emerging fields including
digital economy, green and low-carbon development, and vocational education under the purpose
of supporting Africa in recovering from the pandemic, Qian added.
Besides, the conference will encourage and support the participation of various parties in China-
Africa cooperation, including government departments, cities, enterprises, financial institutions, as
well as marketized funds such as commercial credit and investment from enterprises, in a bid to
continuously build up the driving force for the bilateral cooperation, according to Qian.
The official disclosed that during the conference, China and Africa will jointly release “the 2035
Vision for China-Africa Cooperation” document, formulate mid- and long-term plans for
cooperation, create the main framework for bilateral cooperation in the future, and make sure that
the new initiatives of the forum are more forward-looking, systematic, and consistent.
“In recent years, China’s imports of agricultural products from Africa have witnessed very fast
growth, with the five-year average growth rate reaching 11.4 percent. China is now the second
largest destination of the agricultural products exported by Africa,” Qian said.
China will continue facilitating the efforts of African countries and Chinese enterprises to make
the most of relevant initiatives and further expand imports from Africa so as to boost the high-
quality development of trade between the two sides, Qian noted.
Substantial advances in investment cooperation have also been achieved in recent years, according
to Qian, who pointed out that China added a total of $4.2 billion of direct investment in Africa last
year.
As of the end of 2020, China’s investment stock in Africa had exceeded $43.4 billion, and its
investment projects covered more than 50 African countries, Qian said.
Although China is a latecomer in investing in Africa, the country has become the fourth largest
source of investment for the continent, noted Qian, adding that over 3,500 Chinese enterprises are
investing or running business in Africa.
China’s investment in Africa has been expanded to more fields, including construction, mining,
manufacturing, science and technology, wholesale and retail, agriculture, real estate and finance,
Qian said.
The forms of China’s investment in the continent have also become more and more flexible, said
Qian, explaining that besides sole proprietorship and joint venture, equity participation and
mergers and acquisitions have also grown gradually.
The backgrounds of Chinese investors in Africa have become increasingly diverse, according to
Qian, who pointed out that besides state-owned enterprises, more and more private businesses
have invested in African countries and become a new driving force for China’s investment in
Africa.
Chinese enterprises have played a more and more important role in driving the development of
economic and trade cooperation zones in Africa, and generated increasingly obvious industrial
agglomeration effect, according to Qian.
