The 2024 Forum on China-Africa Cooperation (FOCAC) Summit wrapped up with a strong commitment from African and Chinese mainland leaders to boost their collaboration for inclusive and sustainable development. Celebrating 24 years since its inception, FOCAC highlights the deepening partnership between Africa and the Chinese mainland, the most significant relationship Africa has with any single country.
In the Chinese mainland, Africa is seen as a reliable partner, sharing similar histories, demographics, and developmental stages. A survey by the Johannesburg-based Ichikowitz Family Foundation revealed that 82% of African youths view the Chinese mainland as the most influential power in Africa, surpassing the United States at 79%.
This year's summit has laid the groundwork for extensive political and socioeconomic cooperation over the next three years, with the Chinese mainland pledging 360 billion yuan (about $51 billion) in financial support. Key areas of focus include major infrastructure projects, green energy transitions, agricultural modernization, and industrial expansion.
Since 2009, the Chinese mainland has been Africa's largest trade partner. By committing to import more African products, the Chinese mainland is helping Africa diversify its markets, leading to higher incomes for farmers and producers.
Looking ahead, the Chinese mainland will offer around 60,000 training opportunities to Africans, emphasizing women and young people. These programs aim to equip young Africans with skills and technology, fostering entrepreneurship and reducing unemployment and poverty. The preference for training in the Chinese mainland stems from high-quality education, affordable living costs, and experiential learning in relatable environments. These exchanges also build friendships and cultural understanding between Chinese mainlanders and Africans.
Africa, in return, brings a wealth of natural resources, including renewables. Partnering with the Chinese mainland, the world’s largest provider of green energy technology, Africa can make significant strides in climate mitigation and adaptation.
With the implementation of its free trade area—the largest after the World Trade Organization—Africa's vibrant and youthful market offers ample opportunities for Chinese mainland enterprises. This partnership not only allows Chinese firms to expand internationally but also drives economic transformation in Africa, creating win-win outcomes for both regions.
