Current location:politics >>
Chinese investment in Africa hits $1.8b in 1st half of 2023
politics12People have gathered around
IntroductionA train is seen during a trial running of light rail transit system, which was jointly built by Chin ...
A train is seen during a trial running of light rail transit system, which was jointly built by Chinese and Egyptian companies, in east of Cairo, Egypt, July 3, 2022.
China has seen robust investment growth in Africa over the years and is ready to continue to work with the continent to further advance bilateral cooperation in investment, said a senior official with the Ministry of Commerce on Tuesday in Beijing.
During the launch of a report on Chinese investment in Africa, Wang Dong, deputy head of the ministry's Department of Western Asia and African Affairs, said China has made over $1.8 billion of direct investment in Africa in the first half of this year, a year-on-year increase of 4.4 percent.
He said Chinese companies have carried out infrastructure projects worth over $400 billion in Africa.
Also, companies have expanded their investment in the continent from traditional sectors, including construction, mining and manufacturing, to emerging industries, such as logistics, digital economy, clean energy, health, green development and finance, Wang said.
China has been Africa's largest trade partner for 14 consecutive years. Bilateral trade last year saw a year-on-year increase of about 11 percent and reached $282 billion, the Ministry of Commerce said.
Wu Peng, head of the Foreign Ministry's Department of African Affairs, said during the launch that China has been working to promote Africa's industrialization through investment cooperation with the continent.
China's investment has served to help Africa enhance its ability to pursue independent development, Wu said, adding that China supports Africa in seizing opportunities in the technological revolution and enhancing its smart and green development.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Planet Perspectives news portal”。http://faroeislands.prpsystems.net/html-26f099896.html
Related articles
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
politicsCLAIM: The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin ...
【politics】
Read moreChina criticizes Fitch's sovereign rating downgrade
politicsRating agency Fitch's sovereign credit rating methodology and indicator system have failed to effect ...
【politics】
Read moreIntegrated project crucial in green power leap
politicsChina's largest integrated wind-solar-storage demonstration project will play a key role in fully ta ...
【politics】
Read more
Popular articles
- Baby Reindeer's real
- Xinhua Headlines: A solidly modernizing China to chart blueprint for year 2022
- Sculpture erected to create awareness on neurological disease in Brazil
- New regulation to protect consumers' rights in emerging ecommerce market
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- China boosts COVID
Latest articles
Lynn Williams breaks NWSL goal
People visit exhibitions at Times Art Museum in Beijing
Special freight train to help stabilize mainland supply of goods to Hong Kong
China to boost financial support toward green growth
What a blast to work at NASA. Space agency is sky
China installs deepwater jacket for offshore oil development
LINKS
- Writer, 62, reveals unbearable grief of losing only child to anaphylactic shock aged 25
- Alabama state senator chides male colleagues for letting parental leave bill die
- Rays beat Mets 3
- Uganda urges Britain to stop meddling in domestic affairs after sanctions
- Russell Brand says he's been baptised in the Thames. But why will no church admit doing it?
- Doctor Who new series sees rising star Josie Sedgwick
- Rangers aware of Presidents' Trophy curse as they face Carolina Hurricanes in second round
- Fratkin rallies Boston to 4
- Đurić scores twice as Monza hits Lazio's Champions League hopes in 2
- Max Verstappen ties Alain Prost's record with 6th pole