Foreign Minister Wang Yi reiterated China’s support for Africa’s “economic autonomy and sustainable development” while on an official visit to Addis Ababa, the capital city of Eastern African country Ethiopia.
Chinese people treated more than 200 million local patients, helped Africa build more than 10,000 km of highways, 6,000 km of railways and hundreds of airports, ports and power stations over the last decades, Wang stressed.
Rejecting “rumors” according to which the growing economic ties between China and Africa resulted in a growing debt burden for the latter, the Chinese official implied that other countries might be attempting in discrediting China’s support that he depicted as “a model not only for South-South cooperation but also for international cooperation with Africa”.
According to official statistics, China became Africa’s largest trade partner in 2009, rising from less than $20 billion in 2002 to a staggering $215 billion in 2014.
Latest available annual figures showed a relative slowdown in bilateral trade with $170 billion in 2017, however up 14.1 percent year-on-year. China’s exports to Africa reached US$94.74 billion, up 2.7%; China’s imports from Africa reached $75.26 billion, up 32.8%; the trade surplus was $19.48 billion, down 45.2% year-on-year.