The Formation of China’s Investment Strategy in Africa

This article analyzes China’s influence in Africa and its global strategic objectives. The relevance of the topic is due to the rapid increase in China’s economic influence on the continent, as well as the growing interest of the world community in the long-term consequences of this influence. For the first time, the article introduces and analyzes a significant amount of information coming from the Ministry of Commerce (MC) of the People’s Republic of China (PRC) on Sino-African relations. The author solves the following tasks: to show the mission of the MC of the PRC in Sino-African relations, to characterize the information presented on its website; to give a general description of China’s policy in Africa and summarize some of the results of this policy for about a quarter of a century; to identify the main trends of Chinese financial, investment, trade and economic activity in Africa. The scientific novelty of the work consists in a comprehensive analysis of the relevant data of the MC of the PRC on Chinese investments and their impact on the economic growth of African countries. As a result of the study, the main vectors of Chinese investment policy in Africa are identified and forward-looking forecasts for the development of Sino-African relations in the fields of economics and politics are given. The author concludes that the African direction continues to occupy an important place in Chinese foreign policy and foreign economic activity, but it cannot be called a priority in terms of financial and investment indicators. A group of African states has been identified, which are China’s key economic partners and countries whose political positions allow them to be classified as China’s followers in the global political arena.

China’s foreign policy, Ministry of Commerce of the People’s Republic of China, Africa, Chinese investments in Africa, Sino-African relations, Xi Jinping’s policy in Africa