Open AccessSino-Africa Cooperation under the Influence of the Belt and Road Initiative
Author(s) -
Xinwen Guo,
Zixin Jia,
Yaohua Liu
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v16i.245
Subject(s) - china , industrialisation , position (finance) , natural resource , business , road construction , economic growth , political science , engineering , economics , civil engineering , finance , law
The Belt and Road initiative is one of the most important parts of China’s overseas business strategy. The African region is also included in the Belt and Road initiative. This paper aims to study the important position of Africa in the Belt and Road strategy through the economic cooperation and project construction between China and Africa under the framework of the Belt and Road. China-Africa cooperation has a long history. Africa has many limitations in infrastructure but rich in natural resources. China’s strong manufacturing system can both make full use of natural resources from Africa and invest in African infrastructure. In recent years, China-Africa cooperation has been deepening and expanding in scale. The Belt and Road Initiative has brought win-win results to China and Africa. As China consumes excess capacity and realizes the goal of Chinese manufacturing going global, African countries have achieved economic development, improved infrastructure construction and stride toward industrialization.