China's direct investment in Africa over the last seven years amounted to
US$6.64 billion, a senior researcher with the Ministry of Commerce said on
Monday.
Addressing a seminar prior to the 2007 Annual Meetings of the Board of
Governors of African Development Bank Group to be held in Shanghai from May 16
to 17, Lu Bo classified China's investment in Africa into three categories: aid,
external-trade-oriented projects and raw materials development.
According to Lu, China carried out more than 800 aid projects over the past
five decades, including 137 agricultural projects and 133 infrastructure
construction projects.
Since 2000, Lu said, Chinese enterprises had contracted to build in Africa
more than 6,000 kilometers of highways, 3,000-plus km of railroads and eight
large and mid-sized power stations.
Last year, 31 percent of China's offshore contracted engineering projects
came from Africa, Lu said.
In the 1990s, China launched more than 200 trade companies and distribution
centers in Africa. Since 2000, it set up more than 100 processing trade projects
there, Lu added.