Current location:world >>
Chinese investment in Africa hits $1.8b in 1st half of 2023
world7People 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/news-26f099896.html
Related articles
Strictly star Giovanni Pernice's former partner Rose Ayling
worldGiovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl ...
【world】
Read moreChinese Academy of Sciences Issues Certificates to 65 New Academicians
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read moreWatermelon Sales Boost Villagers' Income in Rongjiang County, Guizhou
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read more
Popular articles
Latest articles
The fightback begins: Boss of London's Queen Mary University tells pro
Chinese sci
UN Hails China Lessons in Poverty Fight
China Beats Italy to Win Third Straight Match in Women's VNL
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
Farmers Busy with Summer Farming Across China
LINKS
- Xi Calls for Solid Efforts to Further Development of Central Region
- China, Republic of Congo mark 60th anniversary of ties
- Xi sends congratulatory message to 37th AU Summit
- Revised rules to 'sharpen sword' in graft fight
- China's growth against odds raises world's hopes
- Reserve ensures survival of rare monkeys
- Gulf countries slam Washington stand
- China, Republic of Congo mark 60th anniversary of ties
- Xiplomacy: China, Nauru Gathering Momentum for Growth of Ties
- Reserve ensures survival of rare monkeys