Employees work on a solar power project in South Africa’s Northern Cape on August 20. ZHANG YUDONG/XINHUA
In the face of a turbulent global situation characterized by escalating geopolitical tensions and rising protectionism, China and Africa are taking steps to benefit their people and promote the modernization of the broader Global South. We should lean more towards accepting globalization and win-win cooperation than ever before. said the expert.
As industrialized countries partner with less industrialized countries, deepening cooperation between China and Africa is emerging as a model for other developing regions seeking to break free from the constraints of the traditional north-south divide, they say. added.
Their comments came at the summit of the China-Africa Cooperation Forum held in Beijing in early September, when the overall character of China-Africa relations shifted towards an all-weather China-Africa community with a shared destiny in the new era. It was announced after it was lifted.
Ye Hailin, director of the China-Africa Institute of the Chinese Academy of Social Sciences, said the cooperation between China, the world’s largest developing country, and the African continent, which has the highest concentration of developing countries, goes beyond mere economic development. .
Ye added that through channels such as the Belt and Road Initiative and FOCAC, the two countries are expanding trade and investment relations, strengthening infrastructure connectivity, and promoting cultural exchanges.
China has solidified its position as Africa’s largest trading partner for 15 consecutive years, and the share of China-Africa trade in the continent’s total external trade continues to steadily increase.
Trade between China and Africa surged to a historic peak of $282.1 billion last year, an increase of nearly 35% compared to 2013 figures, according to Commerce Department data.
To ensure further market opening and trade facilitation with Africa, China announced at the summit a 100% discount on products from all least developed countries (33 countries across the African continent) that have established diplomatic relations with China. announced the decision to allow tariff-free measures.
