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China South Africa
03.12.21 17:07
Economics

China-Africa cooperation has brighter future, experts say

Chinese investment is crucial across the African continent

Calling China "a warm friend of Africa," Buyile Matiwane, deputy-president of the South African Students' Congress, said that Chinese investment is crucial in creating a platform to maximize the establishment of value chains and domestic markets across the African continent, as reported by Xinhua News Agency, a partner of TV BRICS.

China on Friday released a white paper on China-Africa cooperation in the new era. According to experts from African countries, the white paper has comprehensively and systematically introduced the major achievements of China-Africa cooperation, and demonstrated the brotherly friendship between the two sides.

The white paper, titled "China and Africa in the New Era: A Partnership of Equals," also came days before the launching of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC). The experts expressed their belief that the two sides will continue to write a brilliant chapter in promoting the high-quality development of bilateral cooperation and building the China-Africa community with a shared future.

Costantinos Bt. Costantinos, a professor of public policy at the Addis Ababa University in Ethiopia, said that as clearly noted in the white paper, countries like Ethiopia have greatly benefited from the Chinese partnership and support, mainly through infrastructure development and the expansion of the manufacturing sector industries as well as industrial zones.

"The ever-growing China-Ethiopia partnership in particular and China-Africa partnership in general, ushered in though the FOCAC, the Belt and Road Initiative, and the South-South cooperation modalities, have witnessed historic milestones over the past couple of decades," the expert said.

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