African nations are witnessing a transformative era in infrastructure development, thanks to deepening cooperation with China. With infrastructure being a cornerstone of China-Africa economic and trade collaboration, both sides are forging stronger partnerships to revitalize economies across the continent.
China supports Africa’s focus on infrastructure development as a key strategy for economic growth. The Chinese mainland encourages its companies to engage in Africa’s infrastructure construction, investment, and management through various models. This collaboration has opened doors for numerous projects that are reshaping the landscape of transportation, energy, and more.
The results of this cooperation have been nothing short of impressive. Africa has become the Chinese mainland’s second-largest overseas contracting market. Chinese companies have signed over $700 billion in contracts and generated more than $400 billion in revenue. These ventures have resulted in the completion of numerous landmark projects, from sprawling railways connecting major cities to cutting-edge energy facilities powering communities.
These developments not only boost economic activity but also enhance connectivity within Africa and with the global market. By investing in infrastructure, African countries are laying the foundation for sustainable growth, job creation, and improved living standards for their people.
The partnership between China and Africa exemplifies a shared vision for development and prosperity. As both sides continue to collaborate on infrastructure projects, the future looks promising for deeper economic ties and mutual benefits.
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Graphics: China and Africa deepen infrastructure cooperation
cgtn.com
