Service industries that produce zero pollution and consume little energy have become a new highlight of China-Africa cooperation in recent years. Chinese enterprises have invested in finance, trade, science and technology services, power supply and other fields in Africa. By the end of 2012, China’s direct investment in Africa’s financial sector had reached US$3.87 billion, accounting for 17.8% of its total investment volume in Africa. To some extent, this was able to make up for the lack of sufficient development funds available to local enterprises. In the field of commerce and trade, the construction of the Angola International Trade Center, jointly initiated by Chinese and local enterprises, has been started. When completed, the project will be the largest commercial logistics, convention and investment service center in southwest Africa. There are now also a large number of small and medium-sized Chinese investors engaged in agricultural and sideline product processing and petty commodity production in Africa. Their products and services are closely linked with African people’s livelihoods, playing an active role in meeting local needs, boosting local employment and promoting China-Africa trade contacts. As the mutual understanding between Chinese and African peoples is deepened and the cooperation between Chinese and African governments enhanced, these small and medium-sized Chinese investors will further incorporate into local society and share the fruits of development with local people.


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