In the last 10 years, while China has established production capacity cooperation mechanisms with 15 African countries, the number of Chinese companies in Africa has increased to 3.
The Chinese Ministry of Foreign Affairs, the Chinese Ministry of Commerce and the ambassadors of some African countries in China and representatives of Chinese companies investing in Africa came together to discuss how to promote economic transformation through industrialization in African countries.
China has invested more than $120 billion in investment and financing cooperation with Africa to help African countries improve their infrastructure and strengthen the foundation of industrial development. In addition, in the last 10 years, China has established production capacity cooperation mechanisms with 15 African countries, and more than 20 industrial parks have been built with Africa, and the number of Chinese companies in Africa has increased to 3. The stock of direct investments of Chinese companies in African countries exceeded $ 500 billion.