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China-Africa Summit 2024: Key Goals and Implications for Beijing and African Nations

China-Africa Summit 2024: Key Goals and Implications for Beijing and African Nations
  • PublishedSeptember 4, 2024

The China-Africa summit, running from September 4 to 6 in Beijing, represents a significant diplomatic event as Chinese President Xi Jinping hosts leaders from across Africa.

This summit highlights China’s ongoing efforts to strengthen its influence on the continent amidst increasing competition from Western nations.

The Forum on China-Africa Cooperation (FOCAC), established in 2000, will convene its ninth session with a focus on several key areas: industrialization, agricultural development, security, and China’s Belt and Road Initiative. This year’s theme is “Joining Hands to Advance Modernisation and Build a High-Level China-Africa Community with a Shared Future.”

China aims to bolster its economic ties with Africa by offering increased investment and seeking improved access to crucial raw materials such as lithium, copper, and cobalt. In return, African leaders are expected to push for more balanced trade and seek clarity on unfulfilled promises from previous summits.

According to China’s Ministry of Foreign Affairs, this summit is the “largest diplomatic event” hosted by China in recent years, reflecting its significance. The event will feature a welcoming banquet, opening ceremony, general summits, and numerous bilateral meetings with Xi Jinping.

China’s engagement with Africa has been marked by significant investments in infrastructure projects, such as highways and railways, which have fueled its economic influence. However, this has also led to criticism regarding the sustainability of debt levels in many African countries.

As China contends with its own economic challenges, including a slowdown in lending and a pivot towards more sustainable investments, the summit will be an opportunity for Beijing to showcase its commitment to Africa while addressing past concerns. African nations, which have often dealt with Chinese loans on a bilateral basis, are likely to use this summit to negotiate better terms and seek more substantial investments in their development.

The summit comes at a time when Africa’s vast resources and growing market are becoming increasingly important in global geopolitics. China, now Africa’s largest bilateral lender, will use the summit to solidify its position as a key partner in the face of rising Western competition and to project solidarity with African nations.

CNN, Al Jazeera, Reuters and BBC contributed to this report.

Written By
Joe Yans