Caixin
Sep 02, 2024 09:12 AM
WORLD

African Leaders Arrive in Beijing for Economic Summit

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Beijing is set to host a China-Africa leadership summit this week, where representatives of some 50 African countries are due to meet in China to discuss further cooperation and joint modernization.

This is the fourth leadership-level gathering of the Forum on China-Africa Cooperation (FOCAC) since its establishment in 2000 and comes six years after the last summit, also held in Beijing.

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  • Beijing is hosting its fourth China-Africa leadership summit from Sept. 4 to 6, with representatives from about 50 African countries.
  • Key topics include trade cooperation, green development, global governance, infrastructure, and concessional financing.
  • In 2023, China-Africa trade hit a record $282 billion, and China remains Africa’s largest trading partner and a significant investor, creating over 1.1 million jobs.
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What Happened When
2000:
The Forum on China-Africa Cooperation (FOCAC) was established.
2006:
The first FOCAC leadership-level summit was held in Beijing.
2015:
The second FOCAC leadership-level summit was held in Johannesburg, South Africa.
2018:
The third FOCAC leadership-level summit was held in Beijing.
2023:
China-Africa trade volume reached a record high of $282 billion.
By June 2024:
Beijing granted zero tariffs on 98% of taxable items for 27 least-developed countries in Africa.
August 2024:
China’s Vice Foreign Minister Chen Xiaodong discussed topics to be covered at the upcoming summit during a press conference.
Late August 2024:
China’s Assistant Minister of Commerce Tang Wenhong commented on Chinese investments in Africa during a press conference.
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