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China-Africa investment cooperation promotes Africa's industrialization: report

发布时间: 2024-08-24 17:21:36 来源: Xinhua

rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

A worker assembles an electric minibus at a factory in Addis Ababa, capital of Ethiopia, March 6, 2024. The Chinese Golden Dragon Company supplies components to the local company, which assembles both EV minibuses and 12-meter-long big buses to meet the country's ever-growing demand for EVs. (Xinhua/Michael Tewelde)rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

BEIJING, Aug. 23 (Xinhua) -- Extensive investments by Chinese enterprises in Africa are driving the continent's industrialization, according to a report released Friday by the China-Africa Business Council (CABC).rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"Through market-oriented investment, infrastructure investment and investment in new fields, Chinese enterprises are improving Africa's industrial system, promoting the progress of Africa's industrialization and upgrading its quality," stated the report titled "China-Africa Investment Cooperation: A New Impetus to Africa's Industrialization."rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

The report, an outcome of the Forum on China-Africa Cooperation (FOCAC) Dakar Action Plan (2022-2024), has been released annually since its inaugural edition in 2021. The 2024 report was published ahead of the upcoming FOCAC summit, scheduled to take place in Beijing from Sept. 4 to 6.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

According to the CABC, the report aims to promote pragmatic China-Africa economic and trade cooperation by focusing on Africa's realities and economic diversification, and serve as a platform to highlight the fruitful outcomes and potential of China-Africa cooperation.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

In his opening remarks at Friday's report launch, Wang Xiaoyong, executive chairman of the CABC, described FOCAC as a "valuable asset" for both China and Africa.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"We believe that over the next three years, driven by policies from both Chinese and African governments and supported by diplomatic, commercial and financial sectors, China-Africa economic, trade and investment cooperation will contribute to Africa's modernization," Wang said.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

This photo taken on May 18, 2024 shows the interior of the Chinese-built domestic passenger terminal at Bole International Airport in Addis Ababa, Ethiopia. (Xinhua/Michael Tewelde)rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

DIVERSIFIED CHINESE INVESTMENT IN AFRICArm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"China is the largest developing country investing in Africa, and China-Africa investment cooperation has been growing steadily," the report stated.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

China is investing in increasingly diverse projects in Africa, gradually expanding from traditional sectors such as construction, mining, electrical power and engineering into a wider range of areas. These include not only traditional areas such as manufacturing, technology, wholesale and retail, agriculture and real estate, but also emerging fields such as the digital economy, green development, aerospace and aviation, and financial services, according to the report.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"This diversified investment pattern has helped Africa to achieve economic diversification and improve the resilience and competitiveness of its economies and has also provided Chinese enterprises with more investment options and opportunities," the report added.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

Chinese investment in Africa is also becoming increasingly diversified in terms of investor profiles. At present, more than 70 percent of the enterprises investing in Africa are private enterprises, and private enterprises have become the new driving force of China's investment in Africa, the report noted, citing data from the Chinese Ministry of Commerce (MOC).rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"The participation of private enterprises not only brings more capital and technical support but also more flexible and efficient business models and management experience, which helps to enhance the competitiveness of Chinese enterprises in the African market and promote the extensive development of China-Africa economic and trade cooperation," the report stated.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

MOC data show that as of the end of 2023, China's direct investment stock in Africa exceeded 40 billion U.S. dollars, making it one of Africa's major sources of foreign investment.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

Over the past three years, Chinese firms have invested in and developed economic and trade cooperation zones in Africa, spanning sectors such as agriculture, processing and manufacturing, trade logistics and other industries. These zones have attracted over 1,000 companies and boosted Africa's tax revenues and foreign exchange earnings from exports, China's assistant Minister of Commerce Tang Wenhong, said earlier this week, noting that Chinese companies have also created more than 1.1 million local jobs during the period.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

A forklift passes tile packages at the Chinese-invested KEDA (Kenya) ceramics factory in Kajiado County, Kenya, on May 17, 2024. (Xinhua/Li Yahui)rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

CHINA'S EXPERTISE DRIVES AFRICA'S INDUSTRIAL UPGRADESrm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

China's experience in cutting-edge industrial development can meet the urgent needs of African countries for industrial development and upgrading their industrial structures, the report stated, noting that the overall industrial structure has not changed significantly in Africa after many years of development.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

At the early stage of the industrialization process, some countries in Africa relied on the abundance of their natural resources to achieve initial industrial development and had certain advantages in the upstream of the industrial chain. However, this type of economic model can lead to the formation of a monolithic economic structure in a country that has a high degree of economic vulnerability, the report noted.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"As a result, there is significant room for development and upgrading in the downstream links of the industrial chain and an extremely urgent need for upgrading the industrial structure at the macro level," the report stated.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

It added that China's strong competitive industries offer African countries opportunities for technological advancement and industrial upgrading, and this support can help cultivate independent productive capacities and elevate their position in the global industrial chain.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

An example is the industrial park model that China has successfully introduced to Africa. Since the 1990s, Chinese enterprises have actively invested in, developed and operated numerous industrial parks across the continent, according to the report.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

It noted that Chinese investment in infrastructure strengthens Africa's foundations for industrialization and development, the market-oriented investment improves local industrialization systems, while investing in new fields promotes Africa's industrial transformation, upgrading and efficiency.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

Mohamed Daghar (R, Front), principal secretary in the Ministry of Roads and Transport, flags off new passenger coaches from China at Kenya's port city of Mombasa on July 22, 2024. (Photo by Joy Nabukewa/Xinhua)rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

A PROMISING FUTURE OF CHINA-AFRICA COOPERATIONrm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

According to Mwangi Wachira, former economist at the World Bank and advisor to the Government of Kenya, China has had a stellar record supporting the creation of the nodes and links of an integrated African market through the various ports, railways and roads it built in Africa as well as the Chinese-aided Africa Centers for Disease Control and Prevention and the African Union (AU) headquarters.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

Chinese manufacturers catering to African consumers are thriving, producing a range of goods from cement, plastics and pharmaceuticals to cosmetics, cell phones and electric cars for an expanding African middle class, Wachira wrote in the CABC report.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

"This effort needs to be expanded to meet AU's Agenda 2063 call for industrial development, especially in manufacturing, to increase the value-added of Africa's resources, improve levels of employment, and raise people's income," Wachira added.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

The economist also highlighted China's initiatives to host Africa-focused expos, which spotlight trade and opportunities for both Chinese and African producers and traders. He noted that the China-Africa Economic and Trade Expo (CAETE), held biennially in Hunan Province since 2019, is yielding positive results and is a tangible outcome of the 2018 FOCAC Beijing Summit.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

The report concluded that the CABC will encourage more Chinese enterprises across various sectors to continue investing in Africa's infrastructure development and strengthen mutually beneficial cooperation in areas such as industry, agriculture, healthcare, transportation and logistics, new energy and e-commerce.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

The CABC has also called on the governments of China and Africa to support cooperation in the financial sector by encouraging local currency settlements in trade and investment, creating a favorable policy environment for local currency settlements, and supporting RMB clearing business in Africa.rm2速刷资讯——每天刷点最新资讯,了解这个世界多一点SUSHUAPOS.COM

  中新经纬1月11日电 (常涛)近日,一张三七互娱创始人、董事长李逸飞的朋友圈截图被热传。李逸飞在评论一篇文章时提到,“我们的父辈都是周六工作,为什么到我们就周六要休息,人为什么一定要周六休息?一定有人私下或者心理   中新经纬2月18日电 “长三角铁路”微博18日消息,截至2月17日,2024年春节假期正式落下帷幕,长三角铁路假期8天发送旅客逾1700万人次,日均发送旅客在215万人次以上,较2019年同期增幅超六成。2月18日(正月初九)是假期后的 作者:陈灿平(天津市人民检察院副检察长)厦门是习近平生态文明思想的重要孕育地和先行实践地,筼筜湖综合治理是习近平生态文明思想的重要发端。1988年,习近平同志在厦门工作期间主持启动“综合治理 新华社南昌2月22日电(记者刘佳敏)“江西银河表计有限公司招普工50名,薪资大约4200至4800元。这个公司离立新很近,你有空可以去参观一下。”近日,在九江市永修县立新乡黄婆井村的招聘会现场,村干部和志愿者 新华社记者付敏、姚雨璘在寸土寸金的厦门岛市区,面积约3公顷的骑马山片区保护区隐匿在林立的高楼大厦中。该保护区设置于2011年,是厦门五缘湾栗喉蜂虎市级自然保护区的重要组成部分——一种   中新经纬2月22日电 据“中国铁路”微信号消息,2月21日,全国铁路发送旅客1201.2万人次,铁路运输安全平稳。2月22日,全国铁路客流持续高位运行,预计发送旅客1125万人次,加开旅客列车867列。  各地铁路部门积极应对低温 。

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