Report highlights potential of China-Africa industrial-chain cooperation

BEIJING, Oct. 24 (Xinhua) -- A new report released in Beijing on Tuesday has highlighted the potential of China-Africa cooperation in improving industrial chains on the African continent.

Titled "Chinese Investment in Africa 2023," the report was prepared and published by the China-Africa Business Council and compiled by the council, along with the China-Africa Economic & Trade Research Institute.

With the theme "Increasing added value of African products by promoting the development and transformation of industry chains in Africa," it is based on a review of 20 cases of Chinese enterprises investing in Africa. It focuses on the role of Chinese enterprises in the development and transformation of African industry chains, and identifies China-Africa cooperation potential in this regard.

The report points out the existing cooperation models used to promote the development and transformation of Africa's industry chains, including industry docking and industrial capacity cooperation, industrial parks and industrial investment, as well as infrastructure and industrial foundation.

China has remained Africa's largest trading partner for 14 consecutive years, said Wang Dong, an official from the Ministry of Commerce, adding that China will work with Africa to implement the major China-Africa cooperation projects and ensure the success of the next Forum on China-Africa Cooperation.