Updated: Dec 13, 2021
The 8° Forum on China–Africa Cooperation (FOCAC) took place in Dakar, Senegal, on November 29-30, 2021 under the theme “Deepen China-Africa Partnership and Promote Sustainable Development to Build a China-Africa Community with a Shared Future in the New Era”.
The forum adopted four key resolutions:
1.The Dakar Action Plan (2022-2024) available here
2.The China-Africa Cooperation Vision 2035 available here
3.The Sino-African Declaration on Climate Change;
4.The Declaration of the Eighth Ministerial Conference of FOCAC, available here
China-Africa Cooperation Vision 2035 focuses on 9 components: medical and health initiatives, poverty reduction and agricultural development, trade promotion, investment promotion, digital innovation, green development, capacity building, cultural exchange, and peace and security.
In his keynote speech at the summit, President Xi Jinping stressing that the COVID-19 pandemic remains an immediate threat, announced that China will provide 1 billion vaccine doses to Africa, including 600 million doses as donation and 400 million doses through joint production by Chinese companies and African countries.
On November 17, 2021 Chinese vice commerce minister Qian Keming reported that trade between China and Africa had risen 38.2% year on year to 185.2 billion USD in the January-September 2021 period.
China is also Africa’s main foreign investor, having passed USA since 2014. Chinese investment surged from 75 million USD in 2003 to 2.7 billion USD in 2019.
China’s direct investment in Africa reached 2.59 billion USD in the first nine months of 2021, up 9.9% year on year.