Chinese industrial zones in Africa critical for continent’s development, experts say

chinese industrial zones in africa critical for continents development experts say

Sumary of Chinese industrial zones in Africa critical for continent’s development, experts say:

  • A total of 25 Chinese economic and trade cooperation zones have been established in 16 African countries, according to the China-Africa Economic and Trade Relationship Annual Report (2021) released in September.
  • These cooperation zones help boost local industrialization in diverse fields such as resource utilization, agriculture, manufacturing, trade, and logistics.
  • These enterprises have created over 46,000 jobs for the host countries, according to the report.
  • ” According to the annual report, China remained Africa’s largest trading partner for 12 consecutive years by the end of 2020 despite the headwinds of the COVID-19 pandemic, with two-way trade hitting 187 billion dollars.
  • ” “These industrial zones help push the industrialization wheel in Africa and create suitable job opportunities for the local population,” Noureddine added, pointing out that “these industrial zones will undoubtedly have a great role in enhancing the China-Arab cooperation.

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