BEIJING, (Xinhua) --
China-Africa economic ties have come under the
spotlight as Chinese President Xi Jinping is now in the
continent for state visits to a number of African nations and
the 10th BRICS summit in Johannesburg that opened
The following are
some key facts and statistics on economic and trade ties between
China and Africa.
grew from a mere 765 million U.S. dollars in 1978 to 170 billion
dollars in 2017, an increase of more than 200 times. In the
first five months of 2018, China-Africa trade gained 17.7
percent year on year to nearly 82 billion dollars.
By the end of 2016,
China’s investment in Africa reached over 100 billion U.S.
dollars, growing over 100 times in a dozen years. According to a
report released by Ernst & Young, China became the single
largest contributor of foreign direct investment in Africa in
2016, having invested 66.4 billion dollars and created 130,750
jobs from 2005 to 2016.
Some 3,100 Chinese
enterprises have invested in Africa, working on projects in
areas of transport, electricity, telecommunications, industrial
parks, agricultural technology centers, water supply, schools
construction has been one of the priorities in China-Africa
cooperation under the Belt and Road Initiative, which involves
more than 20 African countries and covers areas such as
railways, highways, ports and power generation. Last year, a 480
km China-funded railway opened to connect Nairobi and Mombasa,
reducing traveling time between Kenya’s two biggest cities by
half and creating 46,000 jobs.
In 2015, China
announced 10 major plans for China-Africa cooperation to help
the continent speed up industrialization and agricultural
modernization. A 10-billion-dollar China-Africa production
capacity cooperation fund has also been established to support
cooperation projects such as economic zones and industrial parks