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Over the past five years, annual average direct investments from Chinese companies in Africa have consistently exceeded USD 3 billion, with investment projects spanning a wide range of sectors
China is committed to expanding its investment in Africa by promoting corporate cooperation in various fields.
Shen Xiang, director of the West Asia and Africa Department in the commerce ministry, briefed the media in Beijing on its current state of investment on the continent, saying that African countries have seen steady economic development in recent years. The overall business environment continues to improve, and the willingness of Chinese firms to invest in the continent is significantly growing.
Over the past five years, annual average direct investments from Chinese companies in Africa have consistently exceeded USD 3 billion, with investment projects spanning a wide range of sectors, the official said, while adding that focus has been primarily on the infrastructure, construction, and manufacturing sectors.
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Shen noted that the ministry will further enhance the investment by fostering cooperation, especially among small and medium-sized enterprises (SMEs). Chinese companies will coordinate the construction of various industrial parks, logistics facilities, power and energy projects tailored to the resource endowments and industrial development plans of African countries, he added. China will also promote the integrated development of investment and trade and promote the achievement of greater investment cooperation.
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