China-Africa Low Voltage Capacitor Procurement Contract

How much is China's infrastructure project worth in Africa?

CHANGSHA — The contract value of newly-signed China infrastructure construction projects in Africa came in at $67.9 billion in 2020, up 21.4 percent year-on-year, said the China-Africa Economic and Trade Relationship Annual Report (2021) released on Sept 25.

How can China and Africa support cooperation in the financial sector?

The CABC has also called on the governments of China and Africa to support cooperation in the financial sector by encouraging local currency settlements in trade and investment, creating a favorable policy environment for local currency settlements, and supporting RMB clearing business in Africa.

How does China participate in infrastructure cooperation in Africa?

Transportation construction, general infrastructure, and power projects are the key sectors in which China participates in infrastructure cooperation in Africa, with the turnover accounting for 68.7 percent and the newly-signed contract amount accounting for 71.9 percent in 2020.

Can China support Africa's transition to a low-carbon economy?

China can play a pivotal role in supporting Africa’s transition to a low-carbon economy by investing in environmentally sustainable infrastructure projects and promoting best practices in environmental management.

Are private enterprises driving China's Investment in Africa?

At present, more than 70 percent of the enterprises investing in Africa are private enterprises, and private enterprises have become the new driving force of China's investment in Africa, the report noted, citing data from the Chinese Ministry of Commerce (MOC).

Are Chinese firms investing in Africa's Economic and trade cooperation zones?

Over the past three years, Chinese firms have invested in and developed economic and trade cooperation zones in Africa, spanning sectors such as agriculture, processing and manufacturing, trade logistics and other industries.