Chinese Foreign Minister Wang Yi has unveiled ambitious plans to supercharge China-Africa collaboration through upgraded trade deals, mega infrastructure projects, and climate action – promising a new chapter in South-South cooperation. 🌍✨
FOCAC’s 2024-2027 Roadmap
At the 2024 Forum on China-Africa Cooperation (FOCAC) Beijing Summit, leaders announced:
- 💸 Zero tariffs for least-developed African nations
- 🚂 Cross-continent connectivity networks
- 🏘️ 1,000+ grassroots development projects
- 🎯 2027 targets for full summit goals implementation
Green Energy Power-Up
China’s solar energy support now powers over 1.5 million African homes through PV projects. Wang pledged to help the continent transition to low-carbon development while \"urging wealthy nations to step up climate funding.\" ☀️♻️
Why It Matters
With 70+ years of diplomatic ties and $100B+ annual trade flows, this partnership aims to create a blueprint for fairer global development. As Wang put it: \"Our modernization should benefit people first – it’s not a solo mission, but a relay race.\" 🏃♂️💨
Reference(s):
Wang Yi calls for enhancing FOCAC for China-Africa cooperation
cgtn.com