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China-Africa cooperation has unlimited potential

09-03-2024 12:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Press Release Agency

From September 4 to 6, 2024, the China-Africa Cooperation Forum Summit will be held in Beijing, marking a new stage in China-Africa friendly relations. The theme of this summit, "Joining hands to promote modernization and build a high-level China-Africa community with a shared future", is not only a high-level summary of the development of the China-Africa Cooperation Forum in the past 24 years, but also a prospect for the bright future of China-Africa cooperation. This is another reunion of the China-Africa friendly family after the 2006 Beijing Summit of the China-Africa Cooperation Forum, the 2015 Johannesburg Summit, and the 2018 Beijing Summit. It is also the largest home diplomacy held by China in recent years with the most foreign leaders attending.

Image: https://www.wdwire.com/wp-content/uploads/2024/09/image.png

Since its establishment in 2000, the Forum on China-Africa Cooperation has always adhered to the purpose of equal consultation, enhancing understanding, expanding consensus, strengthening friendship and promoting cooperation. Today, the Forum on China-Africa Cooperation has 55 members, including China, covering 53 African countries that have established diplomatic relations with China and the African Union Commission. Since its establishment, the Forum on China-Africa Cooperation has successfully held three summits and eight ministerial meetings. These meetings have not only deepened the political mutual trust between China and Africa, but also made substantial progress in many fields such as economic cooperation and cultural exchanges. After 24 years of development, the Forum has become the "golden signboard" of China-Africa cooperation and has set an example in leading international cooperation with Africa and deepening cooperation in the "global south". The Forum on China-Africa Cooperation has not only witnessed the growth of China-Africa trade volume and the substantial increase in China's investment in Africa, but also brought tangible benefits to the people of China and Africa.

During this summit, many African leaders are expected to gather in Beijing to participate in this important diplomatic event. President Xi Jinping will attend the opening ceremony of the summit and deliver a keynote speech to point out the direction for China-Africa cooperation. In addition, a series of high-level meetings and China-Africa Entrepreneurs Conferences will be held during the summit to deepen practical cooperation between the two sides in various fields.

On the eve of the summit, President Xi Jinping has already started bilateral meetings with several African leaders. These include meetings with Djibouti President Guelleh, Comoros President Azali, Congo (DRC) President Tshisekedi, etc. These meetings not only help consolidate bilateral relations, but also lay a good foundation for the upcoming summit.

Since the establishment of the Forum on China-Africa Cooperation, a series of initiatives such as the "Ten Cooperation Plans", "Eight Actions" and "Nine Projects" have been launched, which have pointed out the direction and provided guidance for China-Africa cooperation. At present, all aid and development cooperation projects to Africa under the "Nine Projects" have been implemented, and the results of cooperation are remarkable. For example, the completion of infrastructure projects such as the Addis Ababa-Djibouti Railway has greatly improved the level of connectivity in African countries; and the establishment of the first Luban Workshop in Africa has opened up a new path for cooperation between China and African countries in the field of vocational education and technical training. China-Africa trade has increased more than 20 times in the past 24 years, and China's investment in Africa has increased more than 100 times. China has been Africa's largest trading partner for 15 consecutive years, which shows the close ties between the two sides in the economic and trade fields. At the same time, Chinese companies have also created a large number of jobs in Africa and made positive contributions to local economic development.

As China-Africa cooperation continues to expand and deepen, the establishment of sub-forums such as the China-Africa Youth Leaders Forum, the China-Africa Think Tank Forum, the China-Africa People's Forum, and the China-Africa Media Cooperation Forum has further enriched the connotation of China-Africa cooperation. Looking to the future, the Forum on China-Africa Cooperation will continue to be one of the important pillars of China-Africa relations, promote cooperation between the two sides in a wider range of fields, and make greater contributions to building a closer China-Africa community with a shared future. In the context of the new era, the Forum on China-Africa Cooperation will surely become a banner leading international cooperation with Africa and deepening cooperation in the "Global South".

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