The Chinese government between 1999 and 2000, set up a strategy aimed at growing the country’s economic might with a new wave of Chinese engagement in Africa known as the “Going Out Policy”. This encouraged Chinese companies to seek investments outside the country and most especially in Africa.
China’s decade-long support to Africa and the strong economic union with African leaders have cemented the country’s presence in the continent as major investment partners.
These forums have been held every three years since then with China now becoming the second world power and Africa’s biggest trading partner, with Sino-African trade topping $200 billion per year.
