Africa-Press – South-Africa. The People’s Republic of China, Director-General for African Affairs, Ministry of Foreign Affairs, has disclosed that China-Africa trade prosperity has increased to US$295.6 billion, while announcing President Xi Jinping’s commitment to developing African infrastructure, technology capabilities and Artificial Intelligence to further boost trade and enhance economic cooperation.
Addressing an elaborate press conference on Wednesday, June 18, 2025, in Beijing on the outcome of the implementation of the follow-up action of the Beijing summit of the Forum on China-Africa Cooperation, Du Xiaohui, China-Africa Director General, outlined dozens of achievements and impacts of China in Africa.
“Trade prosperity: China-Africa trade volume in 2024 reached US$295.6 billion, setting a new record high. The bilateral trade between January and March in 2025 registered US$72.6 billion, increasing by 2.7% year on year. President Xi Jinping has committed China-Africa cooperation to reaching a new height in 2026, where infrastructure development, technology, and AI will be developed to boost trade and e-commerce. China-Africa cooperation is based on friendship, solidarity, sincerity, and mutual cooperation,” He stated.
Accordingly, the experienced Chinese diplomat further indicated that the zero-tariff treatment for hundred percent tariff lines given to all LDCs having diplomatic relations with China had come into effect since December 1, 2024.
He pointed out that this gesture has increased exports from relevant countries into China, adding that China has signed a framework agreement on economic partnership for shared development with more than twenty African countries, something he believes marks a distinct contrast with the United States’ action of imposing tariff wars on all African countries.
“China has signed twenty-two protocols on agriculture exports to China with eighteen African nations, and more than 2,400 food enterprises from 53 African countries and regions have registered in China, which expands access for African products to China. Deepening cross-border e-commerce cooperation between China and Africa, a special session of online lecture on e-commerce for Africa was held, with six hundred representatives from ten African countries attending the event. Africa Digital Economy Trade Day was held during the 2024 Global Digital Trade Expo”, Director Xiaohui noted.
Commenting on China support to the development of Africa SMEs, he lamented that China has provided loans worth RMB2.08 billion yuan’s to about 350 SMEs from nineteen industries, creating around 4,500 jobs.
Providing updates on the industrial cooperation between China and Africa, he asserted that in supporting the development of local value chains, the manufacturing industry, and deep mineral processing in Africa, China has by far signed the agreement on Avoidance of Double Taxation with twenty-one African nations.
“Infrastructure connectivity, China signing the Belt and Road Cooperation plans with South Sudan, Equatorial Guinea, and Kenya. China has provided or undertaken to provide Africa with RMB 72.28 billion yuan of development financing special fund and support for infrastructure financing. The revenue of the infrastructure projects contracted by Chinese enterprises in Africa reached RMB 134.464 billion yuan,” he concluded.
Source: Liberia news The New Dawn Liberia
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