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China-Africa economic and trade cooperation has entered a new era of 2 trillion yuan
Seetao 2025-07-04 14:46
  • China-Africa trade volume and economic and trade cooperation have entered a new stage of high-quality development
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On July 1, 2025, the General Administration of Customs of China released data showing that China-Africa trade volume in 2023 will historically exceed the 2 trillion yuan mark, reaching 2.05 trillion yuan (about 288 billion US dollars), a year-on-year increase of 10.2%. This milestone achievement marks a new stage of high-quality development for China-Africa economic and trade cooperation.

The trade structure continues to be optimized and upgraded

From the perspective of trade structure, China-Africa economic and trade cooperation is achieving a qualitative leap. China's exports of mechanical and electrical products to Africa accounted for 45.6%, and the export of high-tech products increased by 18.3%, and mobile phones, new energy vehicles, and photovoltaic modules became new export highlights. At the same time, Africa's agricultural imports have grown strongly, and specialty products such as coffee, nuts and fruits have become very popular in the Chinese market, and the complementary advantages of trade continue to appear.

The scope of investment cooperation has been continuously expanded

In terms of investment cooperation, China's stock of direct investment in Africa has exceeded US$50 billion. In the field of manufacturing, industrial parks established by Chinese enterprises in Ethiopia, Kenya and other countries have begun to take shape; In the field of digital economy, the first 5G standalone network on the African continent built by a Chinese enterprise was officially put into commercial use in Nigeria. In terms of infrastructure construction, flagship projects such as the Mombasa-Nairobi Railway and the Jakarta-Djibouti Railway continued to play a leading role in the economy.

Emerging business formats are booming

It is worth noting that China-Africa economic and trade cooperation has shown a trend of diversification. Cross-border e-commerce has become a new growth point, and in 2023, the sales of African goods to China through cross-border e-commerce platforms will increase by 65%; Green energy cooperation is in the ascendant, and wind power and photovoltaic projects invested and constructed by Chinese enterprises in South Africa, Morocco and other countries have been put into operation one after another. Financial cooperation continued to deepen, with the renminbi's share of cross-border trade settlements in Africa increasing to 6.8%.

The prospects for cooperation are even broader

Experts pointed out that China-Africa economic and trade cooperation has exceeded the 2 trillion yuan mark, which not only benefits from the effective guidance of the FOCAC mechanism, but also reflects the complementary advantages of the economic structure of the two sides. With the further development of the African Continental Free Trade Area (AfCFTA) and the further opening up of the Chinese market, China-Africa economic and trade cooperation is expected to foster more growth points in emerging fields such as digital economy, green and low-carbon, and medical and health care.

Looking ahead, China-Africa economic and trade cooperation will continue to uphold the principle of sincerity, sincerity, amity and sincerity, and promote the high-quality development of the Belt and Road Initiative. It is estimated that by 2025, the scale of China-Africa trade is expected to reach 2.5 trillion yuan, and China's investment stock in Africa will exceed 60 billion US dollars, injecting strong impetus into building a China-Africa community with a shared future in the new era.(This article is from the official website of Seetao www.seetao.com. Reprinting without permission is strictly prohibited. Please indicate Seetao.com + original link when reprinting) Seetao.com Strategy Column Editor/Sun Fengjuan

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