What is China’s plans for Africa after the summit in Beijing? Will China’s pledges change the trade relationship at all?
China’s Africa strategy seems to be evolving to now incorporate a stronger focus on soft power and military cooperation.
In 2023, China exported goods worth $173 billion to Africa and imported goods worth $109 billion, mainly un-beneficiated commodities, leaving an imbalance of $64 billion in China’s favour. After a lyrical start where the Chinese leader asserted that “the friendship between China and Africa transcends time and space, surmounts mountains and oceans, and passes down through generations”, he made some ambitious pledges, Conradie says.
On trade, Xi made the big announcement that China will give all less-developed countries that have diplomatic relations with China, which includes 33 countries in Africa, zero-tariff treatment for 100% of tariff lines.
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