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Abayomi Azikiwe – China-Africa Cooperation: Economic and Geopolitical Implications

Beijing and African Union states to enhance ‘win-win’ partnerships

A recently-held gathering on December 5-6 of African Union (AU) member-states and the People’s Republic of China under the banner of the Forum on China-Africa Cooperation (FOCAC) has placed strong emphasis on greater collaboration between the two regions based on mutual benefit. This meeting was held in Johannesburg, South Africa under the theme “China-Africa Progressing Together: Win-Win Cooperation for Common Development.”

Chinese President Xi Jinping emphasized during his speech before the FOCAC Summit that Beijing has become Africa’s principal cooperation partner in several significant areas. By the conclusion of 2014, the volume of Chinese investment in Africa reached $101 billion U.S. dollars, represented by more than 3,100 Africa-based enterprises. During 2014, bilateral trade reached $221.9 billion. (Xinhua, Dec. 5)

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