Since 2000, driven by the Forum on China-Africa Cooperation, China's foreign direct investment (FDI) in Africa has been growing rapidly.
In the face of the global financial crisis, which led to global FDI flows falling, China's investment in Africa has been on a steady, upbeat rise without any interruption. In 2009, China's direct investment in Africa reached $1.44 billion, of which non-financial direct investment soared by 55.4 percent from the previous year. Africa is among the fastest growing regions in terms of attracting China's investment.
Some biased and misleading reports have had a negative impact on Sino-African trade, but facts proved that China's investment effectively makes up for the shortage of funds and optimizes the industrial structure in Africa.
(ChinAfrica VOL.3 February 2011)