By Lincoln G. Peters
Beijing, China, June 20, 2025 – The Folks’s Republic of China, Director-Common for African Affairs, Ministry of International Affairs, has disclosed that China-Africa commerce prosperity has elevated to US$295.6 billion, whereas asserting President Xi Jinping’s dedication to creating African infrastructure, know-how capabilities and Synthetic Intelligence to additional increase commerce and improve financial cooperation.
Addressing an elaborate press convention on Wednesday, June 18, 2025, in Beijing on the end result of the implementation of the follow-up motion of the Beijing summit of the Discussion board on China-Africa Cooperation, Du Xiaohui, China-Africa Director Common, outlined dozens of achievements and impacts of China in Africa.
“Commerce prosperity: China-Africa commerce quantity in 2024 reached US$295.6 billion, setting a brand new file excessive. The bilateral commerce between January and March in 2025 registered US$72.6 billion, rising by 2.7% 12 months on 12 months. President Xi Jinping has dedicated China-Africa cooperation to reaching a brand new top in 2026, the place infrastructure improvement, know-how, and AI shall be developed to spice up commerce and e-commerce. China-Africa cooperation relies on friendship, solidarity, sincerity, and mutual cooperation,” He said.
Accordingly, the skilled Chinese language diplomat additional indicated that the zero-tariff remedy for hundred % tariff traces given to all LDCs having diplomatic relations with China had come into impact since December 1, 2024.
He identified that this gesture has elevated exports from related nations into China, including that China has signed a framework settlement on financial partnership for shared improvement with greater than twenty African nations, one thing he believes marks a definite distinction with america’ motion of imposing tariff wars on all African nations.
“China has signed twenty-two protocols on agriculture exports to China with eighteen African nations, and greater than 2,400 meals enterprises from 53 African nations and areas have registered in China, which expands entry for African merchandise to China. Deepening cross-border e-commerce cooperation between China and Africa, a particular session of on-line lecture on e-commerce for Africa was held, with 600 representatives from ten African nations attending the occasion. Africa Digital Financial system Commerce Day was held in the course of the 2024 World Digital Commerce Expo”, Director Xiaohui famous.
Commenting on China assist to the event of Africa SMEs, he lamented that China has supplied loans value RMB2.08 billion yuan’s to about 350 SMEs from nineteen industries, creating round 4,500 jobs.
Offering updates on the commercial cooperation between China and Africa, he asserted that in supporting the event of native worth chains, the manufacturing trade, and deep mineral processing in Africa, China has by far signed the settlement on Avoidance of Double Taxation with twenty-one African nations.
“Infrastructure connectivity, China signing the Belt and Street Cooperation plans with South Sudan, Equatorial Guinea, and Kenya. China has supplied or undertaken to supply Africa with RMB 72.28 billion yuan of improvement financing particular fund and assist for infrastructure financing. The income of the infrastructure initiatives contracted by Chinese language enterprises in Africa reached RMB 134.464 billion yuan,” he concluded. Modifying by Jonathan Browne
