Report: Chinese investment boosts economic growth in Africa
Hibapress
Chinese investment in Africa has boosted the continent’s economic growth and accelerated its industrialization process, according to a report released by the China-Africa Business Council on investment cooperation between China and Africa.
Titled “China’s Investment in Africa 2024”, the report aims to encourage pragmatic development of China-Africa cooperation in economy, trade and investment, while creating an international exchange platform to better understand the achievements and potential of such trade cooperation.
Under the theme of “China-Africa Investment Cooperation: New Impetus for Industrialization in Africa”, the report details the achievements and prospects of Chinese investment in Africa, highlighting the mechanisms, drivers and innovations that characterize this industrial cooperation.
The report also offers recommendations to Chinese stakeholders to support industrialization in Africa, examining the dynamics, challenges and opportunities of the business climate on the continent, as well as the future of China-Africa financial cooperation.
This report is part of the Dakar Action Plan (2022-2024), adopted at the 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC), and has been published every year since 2021.
