CHINA WILL INCREASE ITS INVESTMENTS IN AFRICA BY PROMOTING COOPERATION BETWEEN SMALL AND MEDIUM ENTERPRISES (SMEs) IN VARIOUS AREAS.
Shen Xiang, director of the West Asia and Africa Department of the Ministry of Commerce, briefed the press on the current landscape of Chinese investments in Africa.
African countries have experienced steady economic development in recent years, as the overall business environment continues to improve and the willingness of Chinese companies to invest in the continent has significantly strengthened. Our data reveals that over the past five years, annual direct investment by Chinese companies in Africa has consistently exceeded US$3 billion, with investment projects covering a wide range of sectors. Furthermore, the entities involved in Chinese investments in Africa are increasingly varied,” said Shen Xiang.
Mr. Shen also indicated that the ministry will encourage: "Chinese companies to coordinate the construction of various industrial parks, logistics facilities and energy projects adapted to the resources and industrial development plans of African countries."
Emphasis will also be placed on supporting young entrepreneurs and women entrepreneurs from the two regions.
