Current location:entertainment >>
Chinese investment in Africa hits $1.8b in 1st half of 2023
entertainment129People 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.“Global Gateway news portal”。http://saintkittsandnevis.downmusic.org/article-15d999918.html
Related articles
Shooting injures 2 at Missouri high school graduation ceremony
entertainmentCAPE GIRARDEAU, Mo. (AP) — Two people were injured when gunfire broke out during a high school gradu ...
Read moreChina defeats Brazil, to battle Poland in VNL Finals semis
entertainmentPlayers of China celebrate during the quarterfinal match between China and Brazil at the Women's Vol ...
Read moreUsed goods proving to be trendy commodities
entertainmentYoung Chinese consumers seeking budget-friendly purchases drive salesChina's secondhand goods transa ...
Read more
Popular articles
- Red Lobster seeks bankruptcy protection after closing some restaurants
- China's border exits and entries see dramatic increases during Spring Festival
- Xi Calls for High
- Friendly visa policies to help boost tourism
- US overdose deaths dropped in 2023, the first time since 2018
- Xi Story: A Champion of Closer People
Latest articles
Dame Judi Dench's tears as she receives Sycamore Gap tree seedling at Chelsea Flower Show
China Focus: China embraces wider winter sports, leisure participation
Xi Awarded Order of South Africa
Richarlison doubles for Brazil, controversial penalty helps Ronaldo make history
Arrest Lord Mountbatten's self
R&D seen as key to success of private firms
LINKS
- How a computer whiz duped the world into believing Katy Perry attended the 2024 Met Gala
- Plastic surgeons reveal which Met Gala celebs they think may be using Ozempic
- Court rules North Carolina Catholic school could fire gay teacher who announced his wedding online
- Uber, Shopify fall; Lyft, Arista Networks rise, Wednesday, 5/8/2024
- Supreme Court Justice Neil Gorsuch co
- Rory McIlroy will NOT return to PGA Tour board after 'old wounds' reopened in 'messy' discussions
- Dramatic moment cruise passenger is airlifted from 1,000ft Carnival Venezia in 'life
- Bobby Witt Jr. powers Royals past Brewers 6
- Some Xavier University students upset with planned commencement address by UN ambassador
- One Extraordinary Photo: AP photographer’s Pulitzer Prize