How is the progress of China Africa economic and trade cooperation progressing? "One, two, three, four" to outline → status. Africa | China | Central Africa
The Third China Africa Economic and Trade Expo is one of the most important exchange activities between China and African countries in the field of economy and trade this year. Let's understand the progress of China Africa economic and trade cooperation through the four numbers of "one, two, three, and four".
China maintains its status as the "largest trading partner" in Africa. Since the "the Belt and Road" initiative was put forward ten years ago, the total trade volume between China and Africa has exceeded 2 trillion US dollars.
![How is the progress of China Africa economic and trade cooperation progressing? "One, two, three, four" to outline → status. Africa | China | Central Africa](https://a5qu.com/upload/images/6aeed91cc481a6c00063c628c39b51e9.jpg)
Africa is China's second largest overseas contracting market. Since 2013, Chinese enterprises have signed contracts for non new contracted projects with a total amount exceeding 700 billion US dollars, and completed a turnover of over 400 billion US dollars.
In addition to traditional areas such as trade, industrial investment, and engineering construction, China Africa economic and trade cooperation is constantly extending to the three emerging fields of green, digital, and finance.
![How is the progress of China Africa economic and trade cooperation progressing? "One, two, three, four" to outline → status. Africa | China | Central Africa](https://a5qu.com/upload/images/7e9c16c6da5bb7a8cec94208451631e1.jpg)
China has become the fourth largest source of investment in Africa. As of the end of 2022, China's stock of non direct investment exceeded 47 billion US dollars.