Infrastructure is the backbone of economic development, and the collaboration between China and Africa is a testament to this. China has been a staunch supporter of Africa's infrastructure ambitions, recognizing it as a pivotal strategy for economic revitalization across the continent.
Chinese companies are at the forefront of this partnership, actively engaging in Africa's infrastructure construction, investment, and management through various innovative models. This collaborative effort has yielded impressive results, positioning Africa as China's second-largest overseas contracting market.
To date, Chinese enterprises have secured over $700 billion in contracts, generating more than $400 billion in revenue. These investments have led to the completion of numerous landmark projects in transportation, energy, and beyond, significantly contributing to the economic landscape of African nations.
As this partnership continues to grow, the synergy between China and Africa stands as a powerful example of how strategic infrastructure development can drive sustained economic growth and foster stronger international ties.
Reference(s):
Graphics: China and Africa deepen infrastructure cooperation
cgtn.com
